eBay Suspended & PayPal Limited Forums - BoA accounts closed due to TOS violation regarding desposits

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eBay Suspended & PayPal Limited Forums (https://www.aspkin.com/forums/)

- Paypal Limited (https://www.aspkin.com/forums/paypal-limited/)

- - BoA accounts closed due to TOS violation regarding desposits (https://www.aspkin.com/forums/paypal-limited/112101-boa-accounts-closed-due-tos-violation-regarding-desposits.html)

ebaystealth1974

11-14-2017 09:14 AM

Re: BoA accounts closed due to TOS violation regarding desposits

Quote:

Originally Posted by phaz0rz (Post 884400)

For whatever reason it doesn't appear to apply to wire's/ACH's...

Because money launderers deal in cash. It's to catch drug dealers, and others involved in illegal activities, that don't want to report that income.

It isn't meant to catch crooked politicians. They're the ones who came up with it lol

phaz0rz

11-14-2017 09:17 AM

Re: BoA accounts closed due to TOS violation regarding desposits

Quote:

Originally Posted by GreenBean (Post 884404)

Banks must file SARs where necessary. It is not cash specific.

https://www.law.cornell.edu/cfr/text/12/21.11 Explains SARs.

:peace:

Your page appears to explain that banks must file SAR's when they suspect something criminal. I don't see any hard-set reporting thresholds on that Cornell page.

Here's the FinCEN article, saying the same thing. Banks are only required to report if they suspect something suspicious. Seems like a loophole.

https://www.fincen.gov/sites/default...lone%20doc.pdf

Previous post pulled after realizing form 8300 is the business equivalent of a self-reported SAR.

iceman420

11-14-2017 09:20 AM

Re: BoA accounts closed due to TOS violation regarding desposits

Quote:

Originally Posted by demitrick (Post 884204)

Odd is Ive had over 50 boa savings closed over past 2-3 years all due to different stealth paypal and just transfer them into my boa checking they could care less. I currently have over 10 savings open with the 300 min balance to avoid fee.

I dont think it was the amount of accounts opened, but rather how they were used. Lots of good info in this thread, read up !

ebaystealth1974

11-14-2017 09:25 AM

Re: BoA accounts closed due to TOS violation regarding desposits

Quote:

Originally Posted by phaz0rz (Post 884415)

Exactly, which puts your fate in the hands of inept employees. Just like PP and eB.

It's astounding the amount of ignorance that typical bank employees possess regarding SARs and such. I've witnessed the most asinine questions before, when they were curious "if they should file an SAR or not". It made me feel uneasy, and afraid to have a cash business.

They took $107k from this man because of sh*tty bank employees...(he finally got it back)

http://www.foxnews.com/politics/2015...07gs-back.html

ebaystealth1974

11-14-2017 09:30 AM

Re: BoA accounts closed due to TOS violation regarding desposits

Bank tellers should go through more training and learn what EXACTLY constitutes an SAR being filed. NOT asking on an internet forum "customer did such and such... should I file an SAR", only to be even MORE confused by 15 replies from other tellers who also dont know what the phuck they're doing!

Peoples' livelihoods are at stake.

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