- Banks Are Closing Customer Accounts, With Little Explanation by NYT.
- The Pandemic Didn’t End Card Rewards. It Made Them Stronger by WSJ.
- Our experience booking a “free” MSC Cruise by FM.
- Amazon Starts Charging for Some UPS Store Returns by The Information
Deals starting/expiring at the end of today or starting today (view the full deal calendar here):
- Chase Offers/BofA: AT&T Fiber, Make Two Payments Of $50+ & Earn $50 Back
- Truist $400 Checking Bonus [AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC]
- IHG: Earn 2,000 Points Every Two Nights
- [Targeted] Citi Offer: Spend $150 At Furniture Store & Get $15 Statement Credit
Deals starting/expiring at end of tomorrow:
- [Targeted] AmEx Offer: Aura (Credit Monitoring), Spend $100+ & Receive $100 Statement Credit
- [NJ only] NVE Bank $600 Checking Bonus
- Meijer: Purchase $50 In Select Giftcards, Get 7,500 Points
- Meijer Mperks: $10 Off $150 Mastercard Giftcards
- Office Depot/Max Stores: Buy $300 In Mastercard Giftcards & Get $15 Instant Discount (4/9-4/15)
Popular posts from yesterday:
The bank closure article is awful. It took them 10+ paragraphs to say he was receiving wire transfers from Pakistan. I’m not saying profiling is OK, but that’s not a red flag that 99% of us in here need to be concerned about.
I think you completely missed the substantive point of the article. This article isn’t about profiling, or one guy who had his account closed, that’s just an example so readers don’t get buried in wading through ten pages about SARs and FINCEN.
I love that this is your first and only post on this site.
I think it is clear to anyone paying attention that there is an increasingly widespread issue with bank account closure. I encourage anyone on here that has been affected to use the form at the bottom of the article.
And based on the article, Chase is a major offender. My take from the article was don’t bank at Chase.
Personally I was a Chase customer for YEARS. Then a couple years ago I started seeing anecdotes out of the blue on here, twitter, reddit, about sudden and inexplicable bank closures. Chase was my main bank, but there were too many unrelated stories from too many different corners of the internet and the risk was too big. I moved all my money out and closed my Chase accounts. Now I just churn the bonus and keep as little money as possible in the account, then close ASAP.
It’s a shame because for a “big bank” Chase was awesome when it came to customer service and generally not being scummy. Everything that BoA, Wells Fargo, US Bank does terribly, Chase does very well. But they got a new risk assessment algorithm and let it take over the company.
Why’d be Pakistan a red flag? It’s basically India, they just worship a different god.
Terrorism financing, you should be asking FINCEN & OFAC
As somebody that has had multiple bank accounts closed, I found it somewhat useful. I knew about SARS for money order deposits, but didn’t realize they were such a popular thing for transferring money between banks as well.
Banks can file a SAR for anything
thanks for the synopsis. i wish DoC would summarize it b/c i’m not getting around the paywall
I once opened a Square account for my business, funded it, and it was immediately closed and Square wouldn’t return my money for 90 days. No explanation given.
Probably a dumb question, I’m guessing AT&T Wireless is different from AT&T Fiber? I have an offer on the Wireless but was hoping for the Fiber.
Yeah AT&T fiber is for home internet not mobile phones.
I guess a free cruise is a (mostly) free cruise… and I’m not a big cruiser… but I found the MSC ship I was on to be really sterile feeling and uninteresting. Did not have any of the personality and variety between areas that I saw on a Royal Caribbean cruise.
Bypass NYT paywall. https://news.yahoo.com/banks-closing-customer-accounts-little-141130517.html
The WSJ link works on mobile, for a desktop link try this one. https://www.livemint.com/mint-lounge/the-pandemic-didn-t-end-card-rewards-it-made-them-stronger-11680952166623.html
Thanks
Paywall on Amazon article
And my usual go-to archive.is doesn’t work for this site 😞
The Information is fully paywalled apparently, so Archive.is can’t pull any of the full articles.
Use Brave Browser with speedreader enabled.
Amazon, charging for some UPS returns, encourages other drop-off points
https://finance.yahoo.com/news/amazon-charging-ups-returns-encourages-223524999.html
Yep, looks like it isn’t a huge deal since they only charge $1 if you return thru UPS if you live near alternative drop off locations besides UPS. Probably to discourage people from trying to return at UPS since they charge to handle each return and it’s cheaper to do it at Kohls or at a place that is related to Amazon.