[Showmethemoney]

Hi , anyone hear BOA shutting down bank accounts
Because they deal with MCA company’s ? It after login
They call client saying account Compromised?

[Yankeeman07]

I would suspect client called BOA - they utilize 2FA
Customer claimed they did not authorize access.

[Max Upsell]

This happened to a merchant of mine when we had a lender do a manual login on a BOA account

Straight up closed the account, no warnings or anything

[Jason Sterling]

Not an issue with our credit card split product

[harvey]

i think Bank of America is starting to put the clamps down i have seen them due this to numerous merchants.

[abfunders]

Citibank closed the bank account of a client of mine that I funded with Breakout. The account was open for like 8 years, and they just said, "We're closing your account on June 16." So he moved to CapOne.
Make sure all of your clients DOWNLOAD ALL OF THEIR BANKING HISTORY before being shut off!

[abfunders]

Oh, and we used it to buy out his Credibly position.

[kevobt]

has anyone else based in New York run into this problem in 2021?

[Brokering]

I've see this happen specifically with BOA, yes.

Merchant had a few positions with constant log in's all over the place, BOA just shut his account for good.

[Max Upsell]

has anyone else based in New York run into this problem in 2021?

Yeah, probably would be wise to advise our funders about this so we can do screenshares or DeLos, which I imagine would go around the issue