Results 1 to 10 of 10
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06-23-2021, 10:23 PM #1
- Join Date
- May 2018
- Posts
- 158
Bank of America
Hi , anyone hear BOA shutting down bank accounts
Because they deal with MCA company’s ? It after login
They call client saying account Compromised?
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06-23-2021, 11:09 PM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,924
I would suspect client called BOA - they utilize 2FA
Customer claimed they did not authorize access.Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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06-24-2021, 11:20 AM #3
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 anythingIf you know you know
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06-24-2021, 01:14 PM #4
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 497
Not an issue with our credit card split product
Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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06-28-2021, 09:45 AM #5
- Join Date
- Apr 2015
- Posts
- 300
i think Bank of America is starting to put the clamps down i have seen them due this to numerous merchants.
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06-28-2021, 10:00 AM #6
- Join Date
- Feb 2017
- Posts
- 3,395
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!
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06-28-2021, 10:07 AM #7
- Join Date
- Feb 2017
- Posts
- 3,395
Oh, and we used it to buy out his Credibly position.
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06-28-2021, 01:43 PM #8
- Join Date
- Jan 2021
- Posts
- 7
has anyone else based in New York run into this problem in 2021?
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06-29-2021, 09:34 AM #9
- Join Date
- May 2021
- Posts
- 34
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.
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06-29-2021, 10:18 AM #10
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