Originally Posted by I can see for miles (Post 20425311)

I agree with your sentiment, Ikar. But once "The Secret" is out, as evidenced by Bancorp's closing accounts and holding funds, "The Secret" is out, and it does no harm if I or anyone else try to pressure Bancorp to refund account closures promptly, as it should. And by the way: THEY KNOW WHAT WE'RE DOING. I spoke to a Bancorp customer service manager this morning, in fact, to see if they would be reasonable and process a timely refund, or if I would need to file a complaint with the FDIC (had to file a complaint). And get this: Without any hint whatsoever on my part, she knew exactly what I had been doing: buying loadable funds with a credit card to earn miles, points or a rebate, she told me. She claimed my credit card issuer (Citi, with whom I've made the majority of my beans purchases, I presume) had contacted them.

I repeat: Never at any time did I drop a hint as to the nature or purpose of my transactions.

They know.

Originally Posted by I can see for miles (Post 20452315)

Miracle of miracles: Three business days after my account closure and speaking with an Incomm customer service manager who claimed there was no way for my refund check to be processed and arrive sooner than in three to four weeks -- and three business days after filing a complaint with the FDIC -- I received via Fedex today a check refunding my funds in full. So the next time an Incomm customer service representative says it simply can't be done sooner, we now know better.

I appreciate that Incomm ultimately did the right thing. I just wish it hadn't required my firmly escalating the situation -- and that their representatives didn't exude such smugness and arrogance in these situations. Whether someone is using their product as they'd like or not, that is not how any business should treat its customers or former customers.

Originally Posted by Mrgolfer21 (Post 20453470)

Were you charged a fee by them to receive a check? I just got off the phone with them and was given the opportunity to have a check sent or my account opened for 48 hours to drain it. Unfortunately, i have more than $5K in there, so even doing CA's wont' drain it all. They said they would still have to charge me the $10 fee to send me a check.

Edit: I was also told that the daily spend limit was on a 24 hour revolving timeframe, which means that if you spend $2500 today at 3pm CST, your daily spend does not reset until the next day at 3pm. Anybody have any data points on this? I found this strange as I'm sure I've done transactions late one day and early the next with no problem.

Originally Posted by Mrgolfer21 (Post 20453470)

Were you charged a fee by them to receive a check? I just got off the phone with them and was given the opportunity to have a check sent or my account opened for 48 hours to drain it. Unfortunately, i have more than $5K in there, so even doing CA's wont' drain it all. They said they would still have to charge me the $10 fee to send me a check.

Edit: I was also told that the daily spend limit was on a 24 hour revolving timeframe, which means that if you spend $2500 today at 3pm CST, your daily spend does not reset until the next day at 3pm. Anybody have any data points on this? I found this strange as I'm sure I've done transactions late one day and early the next with no problem.

Originally Posted by iahphx (Post 20454058)

While I understand that there is a $2500 load limit per day, I am pretty sure there is no cash advance limit.

Originally Posted by Mrgolfer21 (Post 20454530)

Here is where i'm seeing the $2500 limit...please let me know if i'm wrong (PM would be fine).

The maximum cumulative amount that may be withdrawn through a participating bank (over-the-counter withdrawal) per day is $2,500.00 per day

Originally Posted by thehawk75 (Post 20454803)

Better yet... with 48 hours... go really long and add another $5,000 in the process and drain that too... :)

Originally Posted by Mrgolfer21 (Post 20454837)

Ha...had i known there wasn't a limit to drain, i wouldnt' have any money in there. Oh well, thanks all for the info, i'll go and drain the max out tomorrow if it allows me. I only use one bank (WF), so if that doesn't work, hopefully the others will just give cash without a fee with no account with them (pretty sure i've read this can be done, just never tried it myself).

Originally Posted by thehawk75 (Post 20454803)

Better yet... with 48 hours... go really long and add another $5,000 in the process and drain that too... :)

Originally Posted by Happy (Post 20454895)

The potential issue is, we do not know if the account is being monitored, nor a new load would trigger some flag...

Originally Posted by Bikeguy (Post 20455169)

I was officially kicked out. Check being sent. Successfully loaded to just under $10K while "on hold".

Even if the load would trigger a flag, what could they do about it?

Kick you out again? Put you on double secret probation? Put something in your permanent record?

Originally Posted by Nottafatslob (Post 20455827)

After ... kissing a woman on a call in pretending to be a family member and giving sob stories I was told by rep that the reason for holds was Bancorp asked them to check on questionable activity like loading up and withdrawing by CA or ATM whatever. Said some people have been doing it for Airline points and that it is in Bancorps T and C that this is not allowed.

Said threats and angry calls were coming in all morning and thanked me for being so understanding and polite. I didn't say I broke a pencil and tossed a garbage can. LOL

Originally Posted by glocklt4 (Post 20455844)

Haha. That's probably pretty accurate about what's going on.