Originally Posted by
TheGreatMongo
Have anyone been shutdown from BofA? BofA closed all my accts including my personal and business checking. Is this normal? I see alot of random post online outside flyertalk mention that it could be due to incorrect information at CHEXSYSTEM.
I have a 18yrs relationship with them and platinum honor plus status since status inception.
I have not seen anyone here that have been shutdown by BofA.
Any help would be appreciated. Just want to know why and BofA won't elaborate beyond "it's a business decision".
Thanks,
Plenty have been closed by BoA. Some for doing "too much" (aka rewards abuse) and are fired because they've been a money-losing customer to the banksters. Others get booted for what they deem risky banking behavior. Some get closed for a combination of both - risky bank behavior focuses eyeballs on what they perceive as reward abuse (or vice versa) and they close you down. Length of relationship doesn't mean anything.
Curious what you think got the wrath of BoA? Hopefully, you were in the "too much" camp and not the risky banking behavior camp.