Just received my first ever shutdown letter, from UFB Direct.
- Deposited $500-$2000/month in MO for the 5 months I have the account.
- Used the debit card a couple times/month
- The letter didn't cite a reason, just said per my agreement with them, they elected to close the account. The closure is effective in 30 days upon receiving the letter.
I actually already decided to stop depositing MO there because it takes 5 business days to clear, so it's alright they wanted to sever ties with me. Just hope it doesn't leave a dent on my ChexSystems record