Originally Posted by
MaxVO
Received a shutdown letter for my WF checking account. The account hasn't really been used in the last 6 months. I had multiple problems with their ATM's and just stopped using the account for that reason. Prior to that I used it for MO deposits ($5K/week or less).
Also have 2 CCs and a large point balance with that bank. That shoe hasn't dropped yet. Any chance they might leave it alone?
No they will close it on the day they specify in the letter. Start looking for local banks/CUs as your next MO dumping ground. Speaking from personal experience but I passed millions per year in MOs before they shut it down. Maybe now they're more trigger happy.