Originally Posted by krazykanuck

I got shut down by GoC and the plan admin last week. Ran nearly $300k thru it since start of 2021. I received an email from the plan that I had the 529 with, that had a generic 'your account has been updated with a recent transaction' which is typical whenever a GoC posts, but I hadn't contributed one. Logged into my account to see a zero balance and that the entire account had been liquidated with a check issued to me. About the time I logged out of that, I had an email from GoC which said in part "We are required to work with financial institutions to monitor and report suspicious activity. In turn, the financial institutions we work with also monitor suspicious activity. Those activities include but are not limited to frequency, amounts, and fund recapture from accounts. At this time, your Gift of College profile is permanently closed. Do not purchase or redeem additional gift cards online or at any other retail outlet."

Farewell sweet prince. Was fun while it lasted. No idea what triggered it, as I hadn't been doing any big volume recently. I also got past a temporary suspension a couple years ago when my account got frozen and I had to have a call with a rep from TIAA (the admin of my state's plan) but was cleared after that.