Jan 2, 2018, 8:58 am
Last edit by: ChrisFlyer66
This is the thread for 2018. The previous 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?
2018 Shutdown Thread
Sep 17, 2018, 12:42 pm
#317
Join Date: Jul 2006
Posts: 333
Received my first Shutdown, UFB Direct/Bank of Internet. 3/4 MO deposits a month, some paypal deposits, very occasional use of debit card, open since the AA miles days for MO purchase. 30 days from date of letter to shutdown.
Sep 18, 2018, 9:04 am
#318
Join Date: Apr 2011
Location: MSP
Programs: DL, BA, AA
Posts: 270
Too bad. Were your deposits by mobile app or by mail? What was your average monthly deposit over the past year? Two years?
Sep 18, 2018, 10:08 am
#319
Join Date: Jun 2013
Posts: 44
I feel kinda stupid and may have brought this on myself. I regularly mix in everyday spending and 3 days before shutdown, I had disputed a transaction with a vendor for services not rendered, maybe that gave my account extra scrutiny?
Or
I see andyandy got shutdown as well, maybe we both got caught up in a mass review?
1. SHUTdn by Bank, Credit Card info. (@m3x, chs3 ,c1t1 and brcl@y)
Brcl@y
2. Length of account before closure and CL?
4+ years, 25kish CL
3. Average monthly account balance checking and savings?
No savings to checking acct with them
4. Volume of ms per month and how many months?
60k-80k per month 12 months straight,
5. Cycle CL?
2x or 3x CL a month
6. Did you BP using both options?
No BP
7. Did you spell out the bank's full name in an internet forum?
Nope
Or
I see andyandy got shutdown as well, maybe we both got caught up in a mass review?
1. SHUTdn by Bank, Credit Card info. (@m3x, chs3 ,c1t1 and brcl@y)
Brcl@y
2. Length of account before closure and CL?
4+ years, 25kish CL
3. Average monthly account balance checking and savings?
No savings to checking acct with them
4. Volume of ms per month and how many months?
60k-80k per month 12 months straight,
5. Cycle CL?
2x or 3x CL a month
6. Did you BP using both options?
No BP
7. Did you spell out the bank's full name in an internet forum?
Nope
Last edited by ParkALot; Sep 21, 2018 at 8:52 am
Sep 18, 2018, 11:24 am
#320
Join Date: Jul 2006
Posts: 333
Online through scanned MO's 30 -40 Thousand a year last few years. Also some paypal deposits from legitimate payments of $10 - $40 (dollars not thousands)
Sep 18, 2018, 4:49 pm
#321
Join Date: Sep 2015
Posts: 305
just out of curiosity - how soon do you get in good graces with different banks (Ch-e, Amx, Bcl@y) after shutdowns? if ever? any data points on that?
Sep 19, 2018, 7:22 am
#322
Join Date: Dec 2008
Posts: 377
Depends on the bank. Some quickly forgive. Some don't forgive for many, many years, if ever.
Sep 19, 2018, 8:08 am
#323
Join Date: Jun 2013
Posts: 44
I second this, super interested about first hand experiences with Bcl@y. Anyone been able to get an approved application in after being shutdown? How long did you have to wait?
Sep 20, 2018, 6:52 pm
#325
Suspended
Join Date: Mar 2013
Posts: 465
I feel kinda stupid and may have brought this on myself. I regularly mix in everyday spending and 3 days before shutdown, I had disputed a transaction with a vendor for services not rendered, maybe that gave my account extra scrutiny?
Or
I see RTC got shutdown as well, maybe we both got caught up in a mass review?
1. SHUTdn by Bank, Credit Card info. (@m3x, chs3 ,c1t1 and brcl@y)
Brcl@y
2. Length of account before closure and CL?
4+ years, 25kish CL
3. Average monthly account balance checking and savings?
No savings to checking acct with them
4. Volume of ms per month and how many months?
60k-80k per month 12 months straight,
5. Cycle CL?
2x or 3x CL a month
6. Did you BP using both options?
No BP
7. Did you spell out the bank's full name in an internet forum?
Nope
Or
I see RTC got shutdown as well, maybe we both got caught up in a mass review?
1. SHUTdn by Bank, Credit Card info. (@m3x, chs3 ,c1t1 and brcl@y)
Brcl@y
2. Length of account before closure and CL?
4+ years, 25kish CL
3. Average monthly account balance checking and savings?
No savings to checking acct with them
4. Volume of ms per month and how many months?
60k-80k per month 12 months straight,
5. Cycle CL?
2x or 3x CL a month
6. Did you BP using both options?
No BP
7. Did you spell out the bank's full name in an internet forum?
Nope
Sep 21, 2018, 6:12 pm
#328
Join Date: May 2009
Posts: 821
Bank close my account for excessive cash deposits/withdrawals , is it worth to fight?
Just received a letter from Bank AML, inform me will close my account for excessive cash deposits/withdrawals , is it worth write a letter to fight or just let it go?
Thanks!
Thanks!
Sep 21, 2018, 6:24 pm
#329
Join Date: Jul 2014
Posts: 3,688
AFAIK, banks/FIs can exercise their right to close customer accounts, so just let it go. Only if they refuse to let you withdraw the remaining balance after all pending payments have cleared, should you write a letter. Best to concentrate your efforts finding other FIs that'll gladly take your deposits.