Timeframe is a factor too I think. A prior post linked to terms with $5000 per day max but the current Cardholder Agreement shows $3000.

I recently made a $4996 tax payment, so with processing fee just under $5k. The cardholder agreement still says max $5k/day of purchases: https://www.myvanilladebitcard.com/m...agreement.html

I have made $4k and 3k federal estimated tax payments back to back (the same day). No issues at all.

They don't care if you're poor or not; they care if they make a profit (as they should, and as they're entitled to do). Aggressive loading *without* withdrawals means the money sits in the account and they make interest. Even at today's rates, $2K sitting idle for a couple weeks is worth something to them. Fee-generating transactions are also profitable for them. Loading a lot and letting it sit, making a fee-generating transaction or two, then drawing down slowly is profitable for them and can still be achieved via MS. Loading aggressively and then taking it all back out within a day is not.

U are simply making things up with your imaginations!

Read 161 pages and 2400 posts

At the end of the day, another one bites the dust!

What you write is logical but plenty of posts contradict this in practice.

Plus this theory requires Incomm to be cut throat bankers measuring the float and maximizing it. Reality is they are far, far less competent than this. Banks make money on the float by lending it. Bancorp/Incomm don't have a lending arm as far as I know.

"Banks make money on the float by lending it?"

The bank rate (Federal reserve lending to banks) is almost '0'% interest
Banks do not pay any interest on savings accounts/CDs.
I have '0'% offer on every credit card!
Money has no value.
'Floats' has no significance in today's economy!

I've read the majority of the posts. I haven't seen an example of *all* factors I mentioned being combined with shut-downs occurring. I see examples where a couple of the factors are met but one isn't and the account is shut down, but none where all points are addressed and account dies anyway. Can you point out any?

Your last four statements are false. Rates are *near* zero, but that doesn't mean that the float is worthless. That said, the bigger portion of their profits come from the fees, so someone who is loading (no fees), not letting the money sit long (making money from the float trivial), and then cashing out (fees, but not much if just once or twice per month), isn't going to look like an appealing and profitable customer. Run up a few additional fees/charges and let that money float so they can make a little off it and you won't look so bad. They're not a charity - they want to profit, and they should.

Except that there are many of us who are doing precisely that, but also generating modest debit purchase fees, not CAing over $2K a pop nor too frequently, and letting the $ float a while before unloading. And our accounts keep on keepin' on. May not last forever, but it's the working mix right now.

Hmm the one at the bottom of the main web site is a pdf with different limits:

https://www.myvanilladebitcard.com/m...Policy_ENG.pdf

I guess I can try more than 3k.

If bank you do CA at asks for SSN and occupation, is that for an SAR? First bank to do it on me as I've been going to several different banks/credit unions and none have done that to date. Only did $1450 for this transaction in question.

prasha is right it's a complete fallacy to think banks make money on float today. they need fees, not float

I've had one card that has been pretty dormant for months. I loaded $2k this month and cash advanced all but 20 bucks out... now I'm in spend down status.

I guess we already knew they didn't like cash advances, but this was a pretty quick shutdown.

strange... do you bank with them?

5/3 Bank asks me for my occupation on occasion. They tell me it automatically pops up in their system. I suspect it is just to verify that you are the one depositing into your account. I don't think it is SAR. I do CA there weekly, and they are always cheerful. I asked the branch manager point blank if my "strange CAs" cause them problems - he said "no, we actually do 6-10 CA transactions each week."