2019 Shutdown Thread

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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 Jan 1, 19, 2:13 pm
  #1  
Original Poster
 
Join Date: Feb 2015
Posts: 181
2019 Shutdown Thread

Continuing my annual tradition, here's a new thread to celebrate the new year.

I wish everyone just one shutdown each this year. No shutdowns, and you aren't pushing hard enough. More than one, and you're pushing so hard that you'll miss out on good opportunities.

So just one per person, please!

Last year's thread is here, for reference:

2018 Shutdown Thread

And I'm seeding the Wiki with the info from that thread.
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FreakingFlyer is offline  
Old Jan 8, 19, 9:08 am
  #2  
 
Join Date: Dec 2015
Location: DCA
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Posts: 763
Got a letter from Wells Fargo yesterday notifying me that my checking account (opened 3 years ago exclusively for MO deposits) is being shutdown. Average monthly MO deposit of about 77k the past 18 months (can't say what it's been over the life of the account as they only let you search 18 months back, but probably somewhere around there). Used the account pretty much exclusively for MO deposits and then paying off various credit cards. Don't have any CCs with them, although they do service my mortgage (feel free to shut that one down too, WF!)

I'm thinking I might open a checking account at TD Bank for my MOs going forward -- I've heard they are cool and will leave you alone if you demonstrate your MO deposits are just MS.
bodiddely is offline  
Old Jan 8, 19, 9:54 am
  #3  
 
Join Date: May 2012
Posts: 478
Originally Posted by bodiddely View Post
Got a letter from Wells Fargo yesterday notifying me that my checking account (opened 3 years ago exclusively for MO deposits) is being shutdown. Average monthly MO deposit of about 77k the past 18 months (can't say what it's been over the life of the account as they only let you search 18 months back, but probably somewhere around there). Used the account pretty much exclusively for MO deposits and then paying off various credit cards. Don't have any CCs with them, although they do service my mortgage (feel free to shut that one down too, WF!)

I'm thinking I might open a checking account at TD Bank for my MOs going forward -- I've heard they are cool and will leave you alone if you demonstrate your MO deposits are just MS.
personal checking or business checking?
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Old Jan 8, 19, 10:20 am
  #4  
 
Join Date: Oct 2014
Posts: 88
Originally Posted by bodiddely View Post
Got a letter from Wells Fargo yesterday notifying me that my checking account (opened 3 years ago exclusively for MO deposits) is being shutdown. Average monthly MO deposit of about 77k the past 18 months (can't say what it's been over the life of the account as they only let you search 18 months back, but probably somewhere around there). Used the account pretty much exclusively for MO deposits and then paying off various credit cards. Don't have any CCs with them, although they do service my mortgage (feel free to shut that one down too, WF!)

I'm thinking I might open a checking account at TD Bank for my MOs going forward -- I've heard they are cool and will leave you alone if you demonstrate your MO deposits are just MS.

Thanks for sharing - what method(s) of MO deposit did you utilize? ATM, In-Branch, Mobile Deposit...?
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Old Jan 8, 19, 1:36 pm
  #5  
 
Join Date: Dec 2015
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Posts: 763
Originally Posted by Thefirst View Post
Thanks for sharing - what method(s) of MO deposit did you utilize? ATM, In-Branch, Mobile Deposit...?
It's a personal account, and I exclusively deposited via ATM.
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Old Jan 8, 19, 5:53 pm
  #6  
 
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 7,598
77k/month for three years is not a bad run at all. Congrats for keeping it that long.
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Old Jan 10, 19, 2:06 pm
  #7  
 
Join Date: Oct 2014
Posts: 88
Originally Posted by bodiddely View Post
It's a personal account, and I exclusively deposited via ATM.
Originally Posted by josephstern View Post
77k/month for three years is not a bad run at all. Congrats for keeping it that long.

Thanks - I just checked and I've been averaging ~$20k / month for about 2 years now, 100% via ATM deposits. No letters yet!
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Old Jan 19, 19, 4:05 pm
  #8  
 
Join Date: Jan 2019
Programs: Ultimate Rewards
Posts: 2
1. P1: Shut Down By Chase Card Services personal and business cards , Chase private client checking and saving remained open

2. Chase Private Client Chk/sav 3yrs, Hyatt 3yrs, but upgraded without bonus in Nov 2018 to save a pull, CSR 4mo, Ink Cash 8mo, Ink Pref 2mo . Also have chase freedom for 28yrs. It was called something else before. I had other cards in between which i closed.

3. Chase CPC saving $15K, chking $100, TD Ameritrade brokerage $400K , TD Bank $150K , Own Home + 3 cars , No debt 830 FICO Experian.

4. on old Hyatt $120K MS 2yrs ago, After No MS on P1 till finished min spend on Ink Cash around aug 2018, about $5-10K/mo. Then bought $30K VGC Thanks giving and xmas across all cards. But in Dec 2018 I also MS $83K on Hyatt $24K , $28K , $31K with CL $40K so 3 cycles. Dec / Jan statement close was Jan 2nd.and points posted shortly after. Plan was to finish $57K for jan feb statement and earn globalist. I started MS $9500 x 3 days , then ACH Payment which bounced, I was unaware of the bounce as My TD bank displayed " payment made " and cleared , and on Chase also " payment made" , I tried to use card next day. Card declined. Got email fraud alert, I responded back " i recognize the charge" , then tried to use card again next day , again declined. I checked TD bank , now it showed payment was returned, and now in Chase account all cards now display Account Closed.

5. I consistently cycle 3-4x meaning Im super diligent on paying my bills every Friday P1, P2 , P3 even if its just a few $100 each week.
6. never did bill pay. Always paid Chase by ACH from Chase site

7. Did you spell out the bank's full name in an internet forum? I don't understand this, but i think answer is NO,

Note:
P2 and P3 intact .
P2 MS $100K per month past 3yrs .

Initially first letter from chase stated
Rapid Increase revolving credit
Recent returned payment
Account not used as Intended.

When I called in first time I explained , my family member has a terminal illness with sudden decline to hospice care, as result we did heavy spending on Chase Hyatt for holiday shopping gifting close family with gift cards and other gifts. Took RMD distribution from 401K to pay Hyatt, the last distribution took long to clear and caused bounce. Please reconsider.

They responded back today :

We reviewed but decided not to open because :
Rapid increase revolving balance
Too many requests for credit
This account and related accounts were closed at banks request

id like to know what else I can do.?
Am i permanently barred from Chase credit cards?
Im currently 5/24 but will drop to 3/24 in april 2019, can I reapply ?
I have 2 Million UR in P1. will they let me move to P2 ?

Last edited by tr3ndz; Jan 20, 19 at 8:39 am Reason: correction
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Old Jan 20, 19, 7:31 pm
  #9  
jk2
 
Join Date: Dec 2010
Posts: 1,423
Originally Posted by tr3ndz View Post
1. P1: Shut Down By Chase Card Services personal and business cards , Chase private client checking and saving remained open

2. Chase Private Client Chk/sav 3yrs, Hyatt 3yrs, but upgraded without bonus in Nov 2018 to save a pull, CSR 4mo, Ink Cash 8mo, Ink Pref 2mo . Also have chase freedom for 28yrs. It was called something else before. I had other cards in between which i closed.

3. Chase CPC saving $15K, chking $100, TD Ameritrade brokerage $400K , TD Bank $150K , Own Home + 3 cars , No debt 830 FICO Experian.

4. on old Hyatt $120K MS 2yrs ago, After No MS on P1 till finished min spend on Ink Cash around aug 2018, about $5-10K/mo. Then bought $30K VGC Thanks giving and xmas across all cards. But in Dec 2018 I also MS $83K on Hyatt $24K , $28K , $31K with CL $40K so 3 cycles. Dec / Jan statement close was Jan 2nd.and points posted shortly after. Plan was to finish $57K for jan feb statement and earn globalist. I started MS $9500 x 3 days , then ACH Payment which bounced, I was unaware of the bounce as My TD bank displayed " payment made " and cleared , and on Chase also " payment made" , I tried to use card next day. Card declined. Got email fraud alert, I responded back " i recognize the charge" , then tried to use card again next day , again declined. I checked TD bank , now it showed payment was returned, and now in Chase account all cards now display Account Closed.

5. I consistently cycle 3-4x meaning Im super diligent on paying my bills every Friday P1, P2 , P3 even if its just a few $100 each week.
6. never did bill pay. Always paid Chase by ACH from Chase site

7. Did you spell out the bank's full name in an internet forum? I don't understand this, but i think answer is NO,

Note:
P2 and P3 intact .
P2 MS $100K per month past 3yrs .

Initially first letter from chase stated
Rapid Increase revolving credit
Recent returned payment
Account not used as Intended.

When I called in first time I explained , my family member has a terminal illness with sudden decline to hospice care, as result we did heavy spending on Chase Hyatt for holiday shopping gifting close family with gift cards and other gifts. Took RMD distribution from 401K to pay Hyatt, the last distribution took long to clear and caused bounce. Please reconsider.

They responded back today :

We reviewed but decided not to open because :
Rapid increase revolving balance
Too many requests for credit
This account and related accounts were closed at banks request

id like to know what else I can do.?
Am i permanently barred from Chase credit cards?
Im currently 5/24 but will drop to 3/24 in april 2019, can I reapply ?
I have 2 Million UR in P1. will they let me move to P2 ?
I hope you are joking asking "what else I can do". With such activity I'm surprised they didn't shut you down long time ago. You violated all possible and impossible rules.

Word of advice: don't do such things with other banks, especially with amex/citi. you just asking for trouble.
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Old Jan 21, 19, 8:20 am
  #10  
 
Join Date: Feb 2012
Location: The place where it gets so hot in the summer some planes can't take off.
Programs: Marriott LT Titanium, WoH Globalist, National EE, United Platinum
Posts: 1,115
Maybe I'm slow on the uptake, but what does P stand for? I assume just other accounts, but curious if it's some MS terminology Im not privy to.
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Old Jan 21, 19, 8:37 am
  #11  
 
Join Date: Jul 2014
Posts: 3,699
Originally Posted by bigshooter View Post
Maybe I'm slow on the uptake, but what does P stand for? I assume just other accounts, but curious if it's some MS terminology Im not privy to.
I understand P in the OP's post as referring to Person.
Mamibear is offline  
Old Jan 21, 19, 9:49 am
  #12  
 
Join Date: Feb 2012
Location: The place where it gets so hot in the summer some planes can't take off.
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Posts: 1,115
Originally Posted by Mamibear View Post
I understand P in the OP's post as referring to Person.
bigshooter is offline  
Old Jan 21, 19, 11:27 am
  #13  
 
Join Date: Jun 2001
Posts: 652
Originally Posted by tr3ndz View Post
1. P1: Shut Down By Chase Card Services personal and business cards , Chase private client checking and saving remained open

2. Chase Private Client Chk/sav 3yrs, Hyatt 3yrs, but upgraded without bonus in Nov 2018 to save a pull, CSR 4mo, Ink Cash 8mo, Ink Pref 2mo . Also have chase freedom for 28yrs. It was called something else before. I had other cards in between which i closed.

3. Chase CPC saving $15K, chking $100, TD Ameritrade brokerage $400K , TD Bank $150K , Own Home + 3 cars , No debt 830 FICO Experian.

4. on old Hyatt $120K MS 2yrs ago, After No MS on P1 till finished min spend on Ink Cash around aug 2018, about $5-10K/mo. Then bought $30K VGC Thanks giving and xmas across all cards. But in Dec 2018 I also MS $83K on Hyatt $24K , $28K , $31K with CL $40K so 3 cycles. Dec / Jan statement close was Jan 2nd.and points posted shortly after. Plan was to finish $57K for jan feb statement and earn globalist. I started MS $9500 x 3 days , then ACH Payment which bounced, I was unaware of the bounce as My TD bank displayed " payment made " and cleared , and on Chase also " payment made" , I tried to use card next day. Card declined. Got email fraud alert, I responded back " i recognize the charge" , then tried to use card again next day , again declined. I checked TD bank , now it showed payment was returned, and now in Chase account all cards now display Account Closed.

5. I consistently cycle 3-4x meaning Im super diligent on paying my bills every Friday P1, P2 , P3 even if its just a few $100 each week.
6. never did bill pay. Always paid Chase by ACH from Chase site

7. Did you spell out the bank's full name in an internet forum? I don't understand this, but i think answer is NO,

Note:
P2 and P3 intact .
P2 MS $100K per month past 3yrs .

Initially first letter from chase stated
Rapid Increase revolving credit
Recent returned payment
Account not used as Intended.

When I called in first time I explained , my family member has a terminal illness with sudden decline to hospice care, as result we did heavy spending on Chase Hyatt for holiday shopping gifting close family with gift cards and other gifts. Took RMD distribution from 401K to pay Hyatt, the last distribution took long to clear and caused bounce. Please reconsider.

They responded back today :

We reviewed but decided not to open because :
Rapid increase revolving balance
Too many requests for credit
This account and related accounts were closed at banks request

id like to know what else I can do.?
Am i permanently barred from Chase credit cards?
Im currently 5/24 but will drop to 3/24 in april 2019, can I reapply ?
I have 2 Million UR in P1. will they let me move to P2 ?
Return payment got eyes on your account and activity.

The call brought more eyes on your account and activity.

It's probably being reviewed in their risk department. I would move the 2 million UR in P1 somewhere quick. "P2 has been MSing 100k per month for 3 years", move P2's UR somewhere quick. Anticipate account closures on P2 and P3.
I would save your asset and not worry about getting more accounts with [email protected]
gw14 is offline  
Old Jan 21, 19, 1:08 pm
  #14  
 
Join Date: Jul 2014
Posts: 3,699
Originally Posted by gw14 View Post
Return payment got eyes on your account and activity.

The call brought more eyes on your account and activity.

It's probably being reviewed in their risk department. I would move the 2 million UR in P1 somewhere quick. "P2 has been MSing 100k per month for 3 years", move P2's UR somewhere quick. Anticipate account closures on P2 and P3.
I would save your asset and not worry about getting more accounts with [email protected]
I concur; I've read DPs that Chase is very sensitive to return payments, even if made just once. First and foremost, save your hard earned assets with the grace period given to you.

OP, weigh carefully if you'd rather cash out $20K or move pts to P2 or P3 and put eyes on their accounts, putting them at risk for shutdown. If ya'll are in the same household, it is possible P2 and P3 accounts are already being reviewed and may be next in the chopping block. Despite the shutdown, be glad it's not like Citi where I've read DPs that it forfeits rewards earned when they close account(s).
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Mamibear is offline  
Old Jan 21, 19, 3:04 pm
  #15  
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Join Date: Jul 2003
Location: Florida
Posts: 27,297
Originally Posted by gw14 View Post
Return payment got eyes on your account and activity.

The call brought more eyes on your account and activity.

It's probably being reviewed in their risk department. I would move the 2 million UR in P1 somewhere quick. "P2 has been MSing 100k per month for 3 years", move P2's UR somewhere quick. Anticipate account closures on P2 and P3.
I would save your asset and not worry about getting more accounts with [email protected]
Originally Posted by Mamibear View Post
I concur; I've read DPs that Chase is very sensitive to return payments, even if made just once. First and foremost, save your hard earned assets with the grace period given to you.

OP, weigh carefully if you'd rather cash out $20K or move pts to P2 or P3 and put eyes on their accounts, putting them at risk for shutdown. If ya'll are in the same household, it is possible P2 and P3 accounts are already being reviewed and may be next in the chopping block. Despite the shutdown, be glad it's not like Citi where I've read DPs that it forfeits rewards earned when they close account(s).
BUT, WHY the payment is returned? Poster said TD showed the fund was cleared and Chase showed fund was received. Would it be the timing issue that his accounts were already in the process of being shut down when the payment was sent from TD?
I am at a loss why the payment is returned after 3 days. It is not like OP has not had enough funds in his TD account. My guess is, his accounts have already been under review when he cycled his CL rapidly and made 4 or more payments to his accounts on the Hyatt card. Unless he actually did not have spare funds in his TD account but relied on deposits to clear to meet the payment - if that is the case, then it is playing with fire because the deposit could be withheld pending review before it is made available... If you dont have the means dont play the scale. That is what it boils down to.
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Last edited by Happy; Jan 21, 19 at 3:44 pm
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