Apr 6, 2017, 2:38 pm
Last edit by: ChrisFlyer66
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 brcl@y)
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 brcl@y)
- BP by Vis/MC
7. Did you spell out the bank's full name in an internet forum?
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 brcl@y)
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 brcl@y)
- BP by Vis/MC
7. Did you spell out the bank's full name in an internet forum?
2017 Shutdown Thread
Sep 7, 2017, 8:40 pm
#407
Join Date: Apr 2009
Location: SoCal (ONT), PVD/BOS, JAX, RSW
Programs: AA/US PlatPro & 1.05MM, DL Plat (challenge), UA dirt
Posts: 3,189
Sep 8, 2017, 6:23 am
#408
Join Date: Feb 2015
Posts: 910
They let you close your checking & report it to Chex? If you don't mind sharing, was this for just depositing MOs or something else?
Sep 8, 2017, 8:18 am
#409
Join Date: Jul 2014
Posts: 3,688
one of my MS buddies have a similar experience she told us doing our regular MS meetings. She deposited MOs which she thought had already cleared (apparently the MOs were put on hold fwr) so when she did ACH pulls from her CC accounts, her account went red. BoA closed her account and placed derogatory remarks on her chexsystem report; from then on, she couldn't open more bank accounts. She tried to dispute that report but BoA wouldn't budge. She has "lost" a lot of bank bonuses for the past year; she told us to beware of the constrictor species!
Sep 8, 2017, 8:25 am
#410
Join Date: Apr 2017
Posts: 284
one of my MS buddies have a similar experience she told us doing our regular MS meetings. She deposited MOs which she thought had already cleared (apparently the MOs were put on hold fwr) so when she did ACH pulls from her CC accounts, her account went red. BoA closed her account and placed derogatory remarks on her chexsystem report; from then on, she couldn't open more bank accounts. She tried to dispute that report but BoA wouldn't budge. She has "lost" a lot of bank bonuses for the past year; she told us to beware of the constrictor species!
Sep 8, 2017, 1:34 pm
#411
Join Date: Apr 2009
Location: SoCal (ONT), PVD/BOS, JAX, RSW
Programs: AA/US PlatPro & 1.05MM, DL Plat (challenge), UA dirt
Posts: 3,189
It was depositing MOs, which changed the profile of types of deposits in my account. And because equal amounts of MOs were coming in to payments going out, it raised a red flag.
Sep 8, 2017, 4:46 pm
#413
Join Date: Sep 2014
Posts: 1,837
one of my MS buddies have a similar experience she told us doing our regular MS meetings. She deposited MOs which she thought had already cleared (apparently the MOs were put on hold fwr) so when she did ACH pulls from her CC accounts, her account went red. BoA closed her account and placed derogatory remarks on her chexsystem report; from then on, she couldn't open more bank accounts. She tried to dispute that report but BoA wouldn't budge. She has "lost" a lot of bank bonuses for the past year; she told us to beware of the constrictor species!
Key Bank & Huntington closed my account when I was doing an ACH to WF when I had the 5% card.
I've learned to leave it for at least a few weeks and to vary the amount being pulled from the deposit account.
Sep 8, 2017, 4:48 pm
#414
Join Date: Apr 2009
Location: SoCal (ONT), PVD/BOS, JAX, RSW
Programs: AA/US PlatPro & 1.05MM, DL Plat (challenge), UA dirt
Posts: 3,189
Sep 8, 2017, 5:13 pm
#415
Join Date: Jul 2014
Posts: 3,688
she told us the amount of her deposits were almost equal to her ACH pulls leaving the account with very little amounts just to keep it open. prior to that closure, I warned the group about this snake-like bank having a bad reputation when it comes to MO deposits so when it happened to her she said I was right all along; hindsight is 20/20. Now, I still warn them about WMBP shutdowns from the major Bs, most of them are now listening.
I prefer the local banks and CUs with shared branching for both MS and nonMS banking.
I prefer the local banks and CUs with shared branching for both MS and nonMS banking.
Sep 8, 2017, 6:20 pm
#416
FlyerTalk Evangelist
Join Date: Feb 2005
Location: PHX & AGP
Programs: AA Lifetime PLT, Bonvoy Lifetime Titanium, Hilton Gold
Posts: 11,453
one of my MS buddies have a similar experience she told us doing our regular MS meetings. She deposited MOs which she thought had already cleared (apparently the MOs were put on hold fwr) so when she did ACH pulls from her CC accounts, her account went red. BoA closed her account and placed derogatory remarks on her chexsystem report; from then on, she couldn't open more bank accounts. She tried to dispute that report but BoA wouldn't budge. She has "lost" a lot of bank bonuses for the past year; she told us to beware of the constrictor species!
Sep 9, 2017, 6:58 am
#417
Join Date: Nov 2013
Posts: 572
I've got the same ChexSystem report, the exact wording was "suspicious/fraudulent activity" from Chase during the coin days. Ended up having it cleared after filing small claim. It was not fun going through this.
Sep 9, 2017, 10:15 am
#418
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
Programs: Several dozen
Posts: 4,820
Gotta remember that Chase has always looked closely at keeping money laundering to a minimum. Back in the day of Bernie Madoff (1998-2005) they cut him off after laundering $76 billion. Perhaps you were just moving too much money?
As I recall the fines were about $2 billion for Chase's starring role in BernieGate, but I forgot whether any Chase executives were thrown from their tower and told to flap their arms and fly like a bird.
As I recall the fines were about $2 billion for Chase's starring role in BernieGate, but I forgot whether any Chase executives were thrown from their tower and told to flap their arms and fly like a bird.
Sep 22, 2017, 8:49 pm
#419
Join Date: Oct 2013
Posts: 483
Bummer of a day!
1. SHUTdn by chs3 - all 10 cc for 2 ppl clsd
2. Length of account before closure and CL? 2-4yr 8k-15k
3. Average monthly account balance checking and savings? No chs3 checking or savings dpst, used WF and CU. Using 2 bnks may have done it.
4. Volume of ms per month and how many months? 2K for 2 mnths then 5K for 2 mnths on FU. This may have done it.
5. Cycle CL? No
6. Did you BP using both options? No
I have hotel reservations using UR points in Jan and April, so I hope those are ok. Moving all pts to Hyatt.
1. SHUTdn by chs3 - all 10 cc for 2 ppl clsd
2. Length of account before closure and CL? 2-4yr 8k-15k
3. Average monthly account balance checking and savings? No chs3 checking or savings dpst, used WF and CU. Using 2 bnks may have done it.
4. Volume of ms per month and how many months? 2K for 2 mnths then 5K for 2 mnths on FU. This may have done it.
5. Cycle CL? No
6. Did you BP using both options? No
I have hotel reservations using UR points in Jan and April, so I hope those are ok. Moving all pts to Hyatt.
Sep 22, 2017, 10:33 pm
#420
Join Date: Nov 2015
Programs: DL, Marriott & IHG Platty; HH Diamonte
Posts: 861
Gotta remember that Chase has always looked closely at keeping money laundering to a minimum. Back in the day of Bernie Madoff (1998-2005) they cut him off after laundering $76 billion. Perhaps you were just moving too much money?
As I recall the fines were about $2 billion for Chase's starring role in BernieGate, but I forgot whether any Chase executives were thrown from their tower and told to flap their arms and fly like a bird.
As I recall the fines were about $2 billion for Chase's starring role in BernieGate, but I forgot whether any Chase executives were thrown from their tower and told to flap their arms and fly like a bird.
Sorry it all blew up on you Travelz.
Last edited by pharmawalk; Sep 22, 2017 at 10:55 pm