2017 Shutdown Thread

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Old Mar 31, 18, 10:15 am   -   Wikipost
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This is the thread for 2017. The 2018 discussion can be found here.

When reporting/posting here please give as many details as you can or you will be asked for it anyways. Copy and paste the text below and alter as needed.

1. SHUTdn by Bank, Credit Card info. (@m3x, chs3 ,c1t1 and [email protected])
2. Length of account before closure and CL?
3. Average monthly account balance checking and savings?
4. Volume of ms per month and how many months?
5. Cycle CL?
6. Did you BP using both options?
- BP by issuing bank (@m3x, chs3, c1t1 and [email protected])
- BP by Vis/MC
7. Did you spell out the bank's full name in an internet forum?
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Old May 18, 17, 8:17 pm
  #271  
 
Join Date: Sep 2014
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Originally Posted by DeaconY View Post
What?
👍
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Old May 18, 17, 8:44 pm
  #272  
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Originally Posted by statesmokes409 View Post
I'm interested in paying for a replacement for FT. 10k+ with a solid history of no AA.
You might want to take this to craigslist missing connections, or something.
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Old May 18, 17, 11:30 pm
  #273  
 
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I'd pay for information on a replacement for FT. Surely everyone has received the letter by now.
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Old May 19, 17, 4:21 am
  #274  
 
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Originally Posted by statesmokes409 View Post
I'd pay for information on a replacement for FT. Surely everyone has received the letter by now.
Think only heavy hitters got this letter. Try not to ruin it for the others because your account was closed down...
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Old May 19, 17, 7:36 am
  #275  
 
Join Date: Feb 2015
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I have no idea what you guys are talking about. Is it because a) I'm not a heavy hitter b) TGIF c) I'm lacking ideas in general nowadays d) Some of the above?
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Old May 19, 17, 8:01 pm
  #276  
 
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Originally Posted by Amex For Children Of Africa View Post
Think only heavy hitters got this letter. Try not to ruin it for the others because your account was closed down...
Is Flyertalk closing people's accounts?
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Old May 20, 17, 8:24 am
  #277  
 
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Originally Posted by Zgirl View Post
Is Flyertalk closing people's accounts?
I'm not positive, but I believe the FT reference is to an MS method involving online gambling.
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Old May 20, 17, 11:02 am
  #278  
 
Join Date: Jul 2014
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If the online gambling sites (I'm not asking what others have, won't tell what I have either) are shutting down accounts, I have not gotten any for the ones opened in 2014 even if I have rarely loaded them since 2015 when T&C of the cards I used to load changed.
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Old May 20, 17, 3:38 pm
  #279  
 
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Originally Posted by Zgirl View Post
Is Flyertalk closing people's accounts?
In certain cases, I would hope so.
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Old Jun 22, 17, 5:40 am
  #280  
 
Join Date: Sep 2011
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Just got shutdown letter from Santander bank. Must close within 30 days. Had personal checking and savings acct for 5 years, depositing $20-$50k in USPS and WM MOs per month, direct deposit of paycheck, paid CCs through direct debit. Carried account balance of $10k - $50k. ACH deposits into Santander from other banks. In NJ.

Got a friendly call from a local branch asking about MO activity. Explained that this was part of my business. They suggested opening a business acct instead. The two weeks later got the shutdown letter from Boston.

Any suggestions for a new bank or CU?
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Old Jun 22, 17, 6:01 am
  #281  
 
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Originally Posted by guywhocan View Post
Just got shutdown letter from Santander bank. Must close within 30 days. Had personal checking and savings acct for 5 years, depositing $20-$50k in USPS and WM MOs per month, direct deposit of paycheck, paid CCs through direct debit. Carried account balance of $10k - $50k. ACH deposits into Santander from other banks. In NJ.

Got a friendly call from a local branch asking about MO activity. Explained that this was part of my business. They suggested opening a business acct instead. The two weeks later got the shutdown letter from Boston.

Any suggestions for a new bank or CU?

You should take them up on that biz account offer. Go to the branch, look him straight in the face and make them commit to an account where they'll be ok with MOs and not shut you down.

Otherwise, WF is pretty good.
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Old Jun 22, 17, 7:41 am
  #282  
 
Join Date: Sep 2011
Posts: 73
Originally Posted by littlewinglet View Post
You should take them up on that biz account offer. Go to the branch, look him straight in the face and make them commit to an account where they'll be ok with MOs and not shut you down.

Otherwise, WF is pretty good.
Thanks for the advice. Already using WF and know that Chase is a no-no. Any other ideas in NJ for banks or CUs that don't mind taking in heavy MOs?
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Old Jun 22, 17, 8:59 am
  #283  
 
Join Date: Feb 2015
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I assumed most of you guys that do such MS volume deposit the MOs to a biz account since such accounts are inherently more tolerant to cash-like transactions.

Besides the immediate risk of shutdown, there's also higher chances of the banks reporting suspicious activities to the feds.
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Old Jun 22, 17, 9:09 am
  #284  
 
Join Date: May 2017
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Originally Posted by Zgirl View Post
Is Flyertalk closing people's accounts?
Most likely First Tech Credit Union... well know to the heavies....
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Old Jun 22, 17, 9:45 am
  #285  
 
Join Date: Mar 2015
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Chase just shut down my CFU and my Slate Account, and I know of at least one more person that was shut down today.
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