high report(ing) AMEX current balance

[Anonymous]

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@Anonymous wrote:

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@NRB525 wrote:

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@Anonymous wrote:

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@elixerin wrote:

i only attempted twice once on an offshore panamanian account(200% no-go), and Suntrust which disabled my bill pay feature after previously being enrolled?(they suck xD)

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@elixerin So you've spent twice your credit limit in just the first month then attempted to pay via an offshore account? I sure hope you know what you're doing because this may not end well. One of the first things a lender would think is that your behavior is possible money laundering. I don't intend to cast aspersions but I'm reasonably familiar with how banks view certain activities. 

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Having a Panamá-based USD account that can be used to pay bills does not lead to the presumption of money laundering. It has been clarified that the "first AMEX, first month" has limits on number of payments allowed. Once OP gets past that time period, if the Panama-based account has a routing number, I don't see a reason it couldn't be used for autopay of a US-based AMEX card. 

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@NRB525 You're missing important context to my comment.  I'm not referring to the one payment from a new bank account limitation imposed by Amex; that happens to everyone.  I'm referring to the fact that the OP is 19 years old, barely has one year of credit history, was approved for an Amex Cash Magnet with a $4,000 credit limit on 11/8/19 and has already cycled that limit twice within the first month of approval, then attempted to pay with an offshore bank account.  I can assure you, based on my experience in financial institutions, that the described behavior checks several boxes and will draw scrutiny to the account.

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They're going to wonder how a 19-year-old is able to cycle through the limit so quickly. If it were a 60-year-old they might not wonder too much.

[Anonymous]

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@NRB525 wrote:

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Having a Panamá-based USD account that can be used to pay bills does not lead to the presumption of money laundering. It has been clarified that the "first AMEX, first month" has limits on number of payments allowed. Once OP gets past that time period, if the Panama-based account has a routing number, I don't see a reason it couldn't be used for autopay of a US-based AMEX card. 

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I don't know anything about Panama, but I know that you can't pay US bills with a Canadian-based USD account. The accounts have Canadian bank and transit numbers. To pay bills I do a transfer from my BMO USD account to my BMO Harris account, which I do online but is processed manually. Takes about 1/2 hour during business hours and doesn't happen at all outside of business hours.

[elixerin]

lol guys thanks for the presumptions... my TA recommended it for tax deductions on overseas business, i tried adding that account to amex but wouldn’t work, but main bank is suntrust. and where i sent first 4k from. offshore didn’t have bill pay was what i was trying to say