Originally Posted by
SailorJoe
I'm still trying to decide whether I believe the shutdowns are based on their view of the profitability of the customer, or whether they're based on the feds crack down on suspicious activity. Alternatively maybe it could be either / or. Whether or not to shut down is the bank's choice after all.
I'd love to get some DPs in here from people who have not been shut down after doing large volume through the one card for a long time. It would be interesting to see if there are any noteworthy differences in the way they use the card from the way others use the card
It is based on both. No matter how profitable a customer you may be, if your banking behavior reeks of ML, then you will be reported to the Feds if you aren't shut down first. And most big banks these days are shuttering, forgoing the profits versus the potential liability of harboring illegal activity
Originally Posted by
upright0744
this.
same with serve or discover. i'd pretty much never drain the account to zero. and the more you can keep in there the better. and actually use the debit card from time to time. i even read someone on here actually sometimes don't pay their full balance on cc in order to pay small interest to the bank that they are scared of being shut down from
It certainly is better to be a customer rather than a parasite
However, some folks are in a rush and others just don't care if they are shut down or not.
It's the hare vs tortoise question