Originally Posted by
guywhocan
Just got shutdown letter from Santander bank. Must close within 30 days. Had personal checking and savings acct for 5 years, depositing $20-$50k in USPS and WM MOs per month, direct deposit of paycheck, paid CCs through direct debit. Carried account balance of $10k - $50k. ACH deposits into Santander from other banks. In NJ.
Got a friendly call from a local branch asking about MO activity. Explained that this was part of my business. They suggested opening a business acct instead. The two weeks later got the shutdown letter from Boston.
Any suggestions for a new bank or CU?
You should take them up on that biz account offer. Go to the branch, look him straight in the face and make them commit to an account where they'll be ok with MOs and not shut you down.
Otherwise, WF is pretty good.