1. SHUTdn by Bank, USB
2. Length of account before closure and CL? ~1 year
3. Volume of ms per month and how many months? <20K 12
4. Cycle CL? N/A
5. Did you BP using both options? N/A
- BP by issuing bank (@m3x, chs3, c1t1 and brcl@y)
- BP by Vis/MC

Got a letter in the mail, interesting that I made a teller deposit today and didn't say anything. They are giving like 2 weeks so guess I can up it next week :)

I logged into my favorite Alliant CU and found my checking account got axed right after I came back from my vacation.
When I asked the reason behind this closure, the rep cannot give me anything but some user agreement bs. Basically, she meant they have the right to close my account at any time. My saving account wasn't closed, however. Rep said this closure is final decision.
ACU was my sweet spot and I had a quite large volume. Too bad I had to find next spot,

Anyone experienced shutdown from US Bank on their Flexperks for trying to max out 3x category?

Sorry to heard that, question when you said "quite large volume", do you mean 10K, 20K, 30K or more a month?, were you using online or ATM deposit?

Thanks in advance.

They will shut down your savings as well, it just takes a little longer. They typically give a warning to stop - I'm guessing your volume was pretty heavy then?

How were you depositing MOs and at what monthly volume?

To all above. Somewhere between 30 and 50 each month. All mobile deposit. Have to say I loved their app. So friendly to use.

What kind of warning? By phone or letter? Thanks.

That doesn't help us without knowing a dollar amount for each MO. How much money, in a dollar amount, did you run through Alliant? We don't need exact numbers, anything close is fine.

letter

It seems CUs are catching up. First closer report from DCU and now Alliant CU.
Diversification is name of the game. I benchmark not to exceed more then 4k MO deposit per month to remain under radar.

where u do get that number?
u r under the radar until u aren't.

I tried to reopen when their was a bonus and that was immediately shutdown last year.

When they merged with Merit bank, my Merit account was closed.

I was not, so obviously that didn't help!

My UFB Direct account was closed after about 18 months and not very high volume. Less than 3k in MO per month. All deposited by MO. They sent me a letter saying it would be closed and that I have 30 days to get my funds withdrawn, which was only a few bucks.