PSA: DO NOT BANK WITH CHASE OR YOUR CREDIT CARDS MAY GET CLOSED!

[davidrotts63]

That could be a trigger, no? Wouldn't it be better to QP and then pay your own CC?

Definitely is a trigger.

[Yehuda25]

That could be a trigger, no? Wouldn't it be better to QP and then pay your own CC?

can't quick pay a few hundred grand lol

[ChaimMoskowitz]

can't quick pay a few hundred grand lol

ACH/wire.

[ChaimMoskowitz]

can't quick pay a few hundred grand lol

If someone is paying your CC a few hundred k at a time how are you not being shutdown unless it is Amex.

[davidrotts63]

ACH/wire.

The point is they don't want money going through their accounts.

[ChaimMoskowitz]

The point is they don't want money going through their accounts.

Not going to ask why.

[davidrotts63]

Not going to ask why.

Good job.
Mainly because they aren't filing taxes for 2 million dollars a year, which you should be as far as the IRS knows if 2 million dollars are going through your personal accounts.
The more simple solution is to open a business account.

[AJK]

blah blah blah

if you have large amounts of money going through your accounts and you have nothing to that makes you worry about then you need not worry about it.

[ChaimMoskowitz]

Good job.
Mainly because they aren't filing taxes for 2 million dollars a year, which you should be as far as the IRS knows if 2 million dollars are going through your personal accounts.
The more simple solution is to open a business account.

IRS is not going to know unless something comes up then it won't matter if it is checking/savings or CC.

[davidrotts63]

IRS is not going to know unless something comes up then it won't matter if it is checking/savings or CC.

IINM certain things from Checking accounts get reported.

[ChaimMoskowitz]

IINM certain things from Checking accounts get reported.

Like what?

[davidrotts63]

Like what?

Certain large deposit amounts.

[Yehuda25]

IRS is not going to know unless something comes up then it won't matter if it is checking/savings or CC.

can't imagine paying to cc is the same as depositing..

[myi]

My wife's cc's got shut down a couple years ago, she never had a bank account with them. I think it was paying CC's with different name bank accounts.

So basically when buying products for a buying group and having large checks written out to your name with a constant flow of cash and that very amount you deposited is leaving within the week it came in,or having the check made out to the cc company, or it's seems from the dp's that taking the check and depositing to a Td bank Accnt while you go ahead and pay for your chase cards or do a qp which as well seems to get yourself shut down, all a cause to a lot of these recent shutdowns.

That could be a trigger, no? Wouldn't it be better to QP and then pay your own CC?

You can get a Quick pay from someone that chase doesn't like, and you'll promptly get your accounts shut down.

That must be your fault that you didn't know the sender was someone chase doesn't like....

Wonder if it helps to deposit into another bank while paying your chase cards with that bank?
  Breaking up check amounts?

Yes

If one does end up doing that is it best to pay chase cc with a td account or qp to your chase account from td?

No reason not to pay directly with TD.

[churnbabychurn]

Open an LLC, Go into a branch like a mentch, speak to a banker, develope a relationship, explain your business and it's banking needs,get it approved, maintain meticulous accounting records, don't commit felonies, and you should be fine.

[ChaimMoskowitz]

...don't commit felonies,

Non-starter!

[davidrotts63]

Open an LLC, Go into a branch like a mentch, speak to a banker, develope a relationship, explain your business and it's banking needs,get it approved, maintain meticulous accounting records, don't commit felonies, and you should be fine.

Good job.
Mainly because they aren't filing taxes for 2 million dollars a year, which you should be as far as the IRS knows if 2 million dollars are going through your personal accounts.
The more simple solution is to open a business account.

[rileywiles23]

LoL. Your worried about the IRS, so your answer is open a business account

[davidrotts63]

LoL. Your worried about the IRS, so your answer is open a business account

Well assuming you report income tax for that, it's normal to have allot of revenue through your account.
(I am not an accountant, neither am I a lawyer, this is just my understanding as is.)

[aygart]

Well assuming you report income tax for that, it's normal to have allot of revenue through your account.
(I am not an accountant, neither am I a lawyer, this is just my understanding as is.)

Sounds like you haven't been in Lakewood recently