Charles Schwab Shutdown

Recently received a letter that simply said Schwab is exercising its rights to terminate my account at anytime for any reason effective yesterday (1/3/2019).

I never deposited MO, but did cash out $10k ish in MR and withdrew quickly.

I never held much in the account in terms of assets and and used the account to ACH for a couple bank bonus as Direct Deposit.

Account was open for 18 months prior to this. Only about $100 in investments and no retirement accounts with Schwab.

My biggest hang up is they won’t even allow an appeal, won’t provide ANY info and will not tell me definitively if I am banned. Even when I pressed them and said it will result in a hard pull to apply again, can you just tell me if I should beat it. They said you’re welcome to apply for a new account, but it will go through the approvals process and I cannot tell you if it will be approved or denied.