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But the bank will point to a specific transaction as the reason or a series of transactions to show a pattern. i.e., You've had 15 $9000 deposits over the last

But the bank will point to a specific transaction as the reason or a series of transactions to show a pattern. i.e., You've had 15 $9000 deposits over the last 15 weeks in what appears to be an attempt to avoid reporting to to the federal government.

koluna 6y ago
No, they won’t. They can close any accounts without a notice or reason. https://www.helpwithmybank.gov/help-topics/bank-accounts/opening-closing-inactive-bank-accounts/closing-a-bank-account/closing-notification.html https://www.helpwithmybank.gov/help-topics/bank-accounts/ope...
- underdeserver 6y ago
  What do they do with the balance in the account when that happens?
- ryanjshaw 6y ago
  "If you believe your account was wrongfully closed, you can file a written complaint with the Office of the Comptroller's (OCC) Customer Assistance Group."
  - koluna 6y ago
    Yes, and with Google you can also appeal. Problem is the same, though - you don’t know why the decision was made and don’t have the full view of the problem.
PeterisP 6y ago
No, I've worked a bit with banking fraud and money laundering, if we'll "fire" a customer, we won't provide any specifics. Pointing out specific behavior is appropriate if you want people to change that behavior. But in such cases we don't want them to start working differently, we want to stop doing business with them. We don't want them to create a new company and try to do the same thing more carefully and keep within our detection limits, that's not a success, that would be a failure of our detection, we want to keep them and people like them out, preferably forever, and preferably with minimum expenditure of resources to keep them out. The same probably applies to Google.
- malka 6y ago
  if a bank fire you, there a lots of other banks that provide the exact same service. If google fire you, you can close your company and fire all your employees.
corobo 6y ago
Nah, if they suspect you of fraud they're barely allowed to talk to you outside of confirming your account has been suspended

koluna 6y ago

No, they won’t. They can close any accounts without a notice or reason. https://www.helpwithmybank.gov/help-topics/bank-accounts/opening-closing-inactive-bank-accounts/closing-a-bank-account/closing-notification.html https://www.helpwithmybank.gov/help-topics/bank-accounts/ope...

underdeserver 6y ago
What do they do with the balance in the account when that happens?
ryanjshaw 6y ago
"If you believe your account was wrongfully closed, you can file a written complaint with the Office of the Comptroller's (OCC) Customer Assistance Group."
- koluna 6y ago
  Yes, and with Google you can also appeal. Problem is the same, though - you don’t know why the decision was made and don’t have the full view of the problem.

PeterisP 6y ago

No, I've worked a bit with banking fraud and money laundering, if we'll "fire" a customer, we won't provide any specifics. Pointing out specific behavior is appropriate if you want people to change that behavior. But in such cases we don't want them to start working differently, we want to stop doing business with them. We don't want them to create a new company and try to do the same thing more carefully and keep within our detection limits, that's not a success, that would be a failure of our detection, we want to keep them and people like them out, preferably forever, and preferably with minimum expenditure of resources to keep them out. The same probably applies to Google.

malka 6y ago
if a bank fire you, there a lots of other banks that provide the exact same service. If google fire you, you can close your company and fire all your employees.

corobo 6y ago

Nah, if they suspect you of fraud they're barely allowed to talk to you outside of confirming your account has been suspended