My wife has had her WF brokerage accounts for a few years now, but never a checking or any credit cards. When WF shut me down last year, I opened her a bank account in her name so I could deposit MO’s into their ATM’s. I had been going strong for 6-9 months now, but they just sent a letter saying “WF performs ongoing reviews of accounts… we’re closing your account on this day.” At least they gave me nearly 2 months to unwind things with the checking account, not that I ever did anything with it.
Anyway, I read somewhere to be petty, I plan on ACH’ing all but $1 (?) left on the account to force them to send me a check months later. Then I won’t cash the check and then wait for them to escheat it to the state.
TIL that you can deposit a MO via ATM with them 🙁
What kind of MO volume were you doing? I’ve been doing $3k/month which I hope is low enough to keep me off their radar.
Eh…def a lot more than that
PS, don’t leave a whole dollar in there leave $.01 –> they have to do the same thing anyway just funnier at that level considering the ROI on the penny.
I thought about that, but they may be able to write off a penny. I don’t think they can ‘steal’ a dollar from me.
I’m doing a low volume as well. Really just want to do enough to max out 2 CIC cards at ODOM and a lot of those are already spent on online payments for hospital bills, car insurances
etc