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  1. #1
    Senior Member Reputation points: 12684
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    Jan 2019
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    Truist Banking Issue

    I have had 6 R02 (Closed Accounts) from different merchants in the last week all are banking at Truist.

    Anyone seeing anything like this?

  2. #2
    Senior Member Reputation points: 18841
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    Aug 2020
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    Quote Originally Posted by FunYouMan View Post
    I have had 6 R02 (Closed Accounts) from different merchants in the last week all are banking at Truist.

    Anyone seeing anything like this?
    Had a couple this week also. Merchants aren't saying much other than Truist closed it on them. They might be cracking down on certain types of account holders.

  3. #3
    Senior Member Reputation points: 337045
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    For the last couple of months most banks were seeking depository relationships. It is most likely they did not really pass the KYC rules or they opened accounts for an industry that is out of internal compliance.
    Hedley Lamarr......That's Hedley

  4. #4
    Veteran Reputation points: 157541 J.Celifarco's Avatar
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    Oct 2012
    Location
    New York
    Posts
    2,504

    Any similarities in the clients - Industry, Location or anything like that???
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

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