FlyerTalk Forums - View Single Post - Banks that allow Money Order deposits via Smartphone or ATM(2014-2016)
Old Sep 22, 16, 12:03 am
  #1313  
CFFrost
 
Join Date: Mar 2012
Location: SAN
Posts: 1,359
Originally Posted by CFFrost View Post
Update everyone -

Schwab finally completely closed my account. I get a letter in the mail indicating the account had been shut down. I had not used the account since they shut down my mobile deposit functionality. The letter was dated September 1, 2016 - so a bit under six months since the deactivated mobile deposit. A day later I received a check in the mail for the remaining balance, which was only a few dollars.

If anyone has previously been shut down by schwab I would be curious if they any additional information to share - ability to reopen the account, or if there were other implications such as reporting to ChexSystems, for example.

Thanks.

Update to anyone that is curious.
I ordered my free ChexSystems report. It shows a schwab inquiry from when the account was opened a couple of years ago, but no negative report as to the closure.
CFFrost is offline