Got a call from the PNC Outreach team. They asked why I deposit so many MO's. It was a business checking account open for nearly a year. They followed up with a request to upload customer invoices and tax records, which I am disinclined to share. Presumably shutdown incoming.

I'll use my Wells Fargo business account for now but they charge $0.50/item after the first 200 which is a somewhat expensive problem. Any MO-friendly bank suggestions?
And any idea if PNC will let me withdraw funds after shutdown or if they're the "we'll mail you a check in a month" type of bank?

Damn. Just opened an account with them for this very reason. 12 months isn't bad, I guess. But still. How many MOs per month were you doing? I typically deposit about 80-90 per month, was planning on using PNC to replace a CU shutdown last month.

My bolding
It is a business account. If they have concerns about the business, they would certainly want records to match deposits, especially those being made with cash equivalents that are easy to abuse.

Your "disinclination" to provide such records will almost assuredly start a full eyes on review of all your accounts, and I suspect closure is days away after your grace period for providing such documents is past.

I would start moving money out ASAP, especially if you cannot cover your expenses without the PNC deposits.

I have noted from previously provided DPs that PNC is not a MS friendly bank.

Fidelity accounts for p2 were shutdown yesterday, used it as a hub for bank bonuses Likely what triggered was pulling 60k from one bank and then pushing 100k into another bank as soon as it settled. Was shut down 5 days after. Had 20 or so linked accounts and 6 scheduled monthly xfers in and out to satisfy direct deposit requirements. Never used the account for investing either.

Strangely though the fidelity cc is unaffected and open. I was doing 1 Simon order/month on it. Can�t redeem the pts to fidelity for the 2%, but looks like I can transfer the points over to my fidelity cc and redeem that way.

they did lock the account once and warned me to stop transferring money so much and I did reduce it, but seems like once you�ve been warned once it�s very easy to get on their radar again.

Anyone have experience of getting back with fidelity after a shutdown?

Fidelity CC is from elan financial service, not fidelity.

So when you refer to the PayPal cc or gap cc you just call it the synchrony cc so you can be confused between the two?

got shut down by barclaycard and citi last year. tried to reapply for both last week, got declined on both due to prior relationship with the bank. so on their freaking blacklist

Citi i think is 7 years to get back.

I have tried in 1,3,4 year after shutdown...denied everytime...so going to wait for 7 years to start again.

At that rate we'll be eligible for the grAAvy train bonus again.

What caused the Barclay shutdown? I'm doing 20k/mo in SMVGCs on my Aviator Biz...

you bet.

Will hit hard till i get next shut down

I have read in these threads that WMBP can be a factor to increase your odds of a shutdown, but what about bill pay from your bank checking account?
The reason I ask is because the reason provided as to why WMBP can be a negative factor is because the payment is anonymous. However I just made a bill pay from my bank account to a CC, and on the CC Payments page, all the payments that were pulled list the name of my bank, but all the payments that are pushed with bill pay, in the section where the bank name should appear, it says Bank Account Not Available as if the CC company doesn�t know where the payment came from.

People get shutdown for heavy MS, not specifically for BP. No CC company ever revealed to anyone the exact triggers for shutdown. I'm guessing heavy credit limit rotation, constant big purchases at one vendor and immediate payoffs is what triggers the review.
I've been shutdown without WMBP, and have had no issues on some accounts with tons of WMBPs.

By now most banks know what MS is, they just need a way to automatically catch it for manual review, and some banks are more savvy about it than others.

There is a difference between WMBP and a bank BP from an active checking account.

A recipient of a bank payment knows who is paying them and where the money is coming from. If there is a question of funding sources, then a credit card company can ask a submitting bank about the source of funds. So your bill payment from a bank checking account raises no issues with a credit card company. They can always find out about the payment.

That does not exist from WM. This is why banks can get skittish about payments from unknown sources. If the numbers start to get big, then verification of sources becomes much more important.

Thought I will post all my previous experiences as data points that might help others.
Not doing any MS now for the last 2 years due to Pandemic.
All these shutdowns were between 2 and 5 years ago.

Barclays Arrival card:
At shutdown only credited my balance of 100,000 points at half cent per point since I did not have any travel expenses to get 1 CPP.
Was doing WM check free bill pay and Simon mall in mall purchases.
I tried to apply for another card multiple times but got rejected all the times without even pulling credit saying something like 'previous adverse history'
So it looks like permanent ban since it has been over 5 years now.

Discover:
Had a long standing IT card. Then applied a miles card and gave only 6K credit limit. Used BP and Simon purchases and tired to recycle credit limit few times a month. Once made over payments and balance stayed negative that attracted shutdown of both cards after 11+ months. If I stayed for another month, would have got about $1500 cashback match for the 3% first year.

Chase:
Had 3-4 cards. All shutdown one day possibly due to BP. They gave 30 days to transfer all my ultimate reward points.
Applied for a BA card after 2-3 years. They approved it and I spent about $500 or so in 2 weeks and they cancelled within 2 weeks. So no sign up bonus. Had a BA card in the past but closed long time back.
Then after exactly 5 years, I applied for Air Lingus, got approved. Spent $5K required for 100K points within a week. Statement yet to close. Not sure if I survive or not. Will apply another one once I get these points since I am only at 2/24 right now.

Fidelity:
Simon and BP for several years. No credit recycle. Once overpaid and probably caused the shutdown. Had $500K plus in Fidelity 401K rolled over but that did not help me keep my card alive. Moved out my Fidelity elsewhere.


So definitely do not OVERPAY.
P2 is still active on all these banks.