The 2016 Shutdown Thread
Jun 3, 2016, 12:37 pm
#226
Join Date: Nov 2015
Posts: 84
The ban hammer was dropped by Nationwide bank in a rather unprofessional matter. In the beginning of April, I sent in MOs for deposit. They sent an email saying they are holding the deposit.
Called them up, they said the hold was "indefinite". Told me someone would contact me. No one called or sent anything until I sent a demand letter and CC'd the OCC and my attorney.
Only sent them a few k.. Worst bank ever
Called them up, they said the hold was "indefinite". Told me someone would contact me. No one called or sent anything until I sent a demand letter and CC'd the OCC and my attorney.
Only sent them a few k.. Worst bank ever
Jun 3, 2016, 12:41 pm
#227
Join Date: Oct 2014
Programs: All of them
Posts: 1,664
....and how much in rewards did you have there? There should be no reason to hoard A+ rewards if you're doing MS. I cash out immediately every 2-3 days as soon as charges post, via a refundable hotel booking carefully chosen to match the expected reward dollar amount.
Jun 3, 2016, 12:50 pm
#228
Join Date: Mar 2014
Location: Florida
Posts: 274
....and how much in rewards did you have there? There should be no reason to hoard A+ rewards if you're doing MS. I cash out immediately every 2-3 days as soon as charges post, via a refundable hotel booking carefully chosen to match the expected reward dollar amount.
Jun 3, 2016, 1:04 pm
#230
Join Date: Oct 2014
Programs: All of them
Posts: 1,664
At least with my method I have almost no points lost if I do get shut down.
Jun 13, 2016, 6:55 pm
#231
Join Date: May 2015
Posts: 1,066
RIP UFBDirect. Really surprissed. Only difference is I've started holding a larger balance there rather than the weekly in and then 5 days later out.
If WF weren't dying this would be a crushing blow.
If WF weren't dying this would be a crushing blow.
Jun 14, 2016, 6:19 am
#234
Join Date: Sep 2011
Posts: 268
Chances of getting new card approved might be difficult but I would give atleast 6 months before applying it again.
Jun 14, 2016, 8:21 am
#235
Join Date: Aug 2015
Posts: 135
Hmmm any other info you can provide would be appreciated. I deposited one MO yesterday, and from then on I got "Deposit rejected due to Deposit Policy". I was concerned, but this morning 3 were accepted, so I'm hoping it was a system error and no hiccups.
Jun 14, 2016, 9:13 am
#236
Join Date: May 2015
Posts: 1,066
I really wish I could provide you more information, but I was stunned when I saw the letter. I hadn't altered any of my patterns since I got the account over 4 months ago. The only difference was I was actually keeping more of my money there recently (which I would assume would be a good thing for the bank). So, no clue why its getting shut down. Maybe I was a money loser for them?
Jun 14, 2016, 9:40 am
#237
Join Date: Sep 2014
Posts: 1,837
I really wish I could provide you more information, but I was stunned when I saw the letter. I hadn't altered any of my patterns since I got the account over 4 months ago. The only difference was I was actually keeping more of my money there recently (which I would assume would be a good thing for the bank). So, no clue why its getting shut down. Maybe I was a money loser for them?
Jun 14, 2016, 11:04 am
#239
Join Date: May 2015
Posts: 1,066
Yep, I'm down roughly half of my banks since I started WF earlier this year. If this wasn't essentially dead I would have major issues now... Every time I start getting comfortable something new pops up its ugly head!