Help asap Capital One sent AML Notice

[SaintSeiya]

im not doing any laundering instead of doing balance transfers im using paypal and charging my credit card to swnd the funds never had any issues up to now what ever i charge its paid back before my statement is cut us its cheaper than a cash advance 

[Tdatb64]

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@SaintSeiya wrote:

Ive been maxing out my card and paying down the balance for more then a year recently time my statement dates incorrectly didn't miss a payment but balance increase score dropped by 20 points! Biggest spending comes from sending money via friends and family paypal transaction. 

^That right there^. No wonder you tripped the money laundering alarm!

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[JoeRockhead]

All the PayPal transactions are what set this in motion. You should comply with their request before they restrict or close the account.

[SaintSeiya]

Its not illegal nor violates terms of conditions I just can't help but think they will close my account if I explain to them how using paypal

to send money to myself my own account and using the money to pay xyz literally no third party of entity or terrorist entity!  I wanted to know what generally happens to be mentally prepared I see the worse case scenario as losing $54,000 in credit lines tanking my score then the other lenders will greatly reduce or close my account I would hate this scenario but the worse case might be bankruptcy which is why i was trying to figure out what generally is asked or requested in these scenarios 

[KatzNDawgs]

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@SaintSeiya wrote:

im not doing any laundering instead of doing balance transfers im using paypal and charging my credit card to swnd the funds never had any issues up to now what ever i charge its paid back before my statement is cut us its cheaper than a cash advance 

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Gaming the system to move money to a liquid state with less fees than what the CC company would usually have allowed sounds a bit like laundering money. Or at least deceptive/fradulent.

[SaintSeiya]

A criminal could be depositing cash at bank A on a mule account, then paying a credit card held by the next mule at bank B, who then cash advances it to the next mule at bank C. Now that money can be used and it looks like a balance transfer from bank B and is assumed to be legitimate.

[SaintSeiya]

Apple Card clearly states it cant be used to send cash payments in paypal whereas theres is nothing explicitly stating in Capital Ones terms and conditions you can't use the card to send cash payments to a paypal account.  The payments I sent were large and by my due date the balance was paid back down using credit card A to pay B isnt illegal! Yet there **bleep** AI system might find it out the payments just been going to one account! Sad to say I don't the person reviewing my case will find my answers sufficient i really think they will close my accounts, because no one here can provide insight it seems i just mentally prepare for bankruptcy by next spring 

[CreditCuriosity]

Why are you asking the forum vs calling them if you don't want to hear likely what is causing it and fighting the forum on it?  Just saying likely what it is don't have to convience us of this but possibly Cap1.

[CreditCuriosity]

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@SaintSeiya wrote:

Apple Card clearly states it cant be used to send cash payments in paypal whereas theres is nothing explicitly stating in Capital Ones terms and conditions you can't use the card to send cash payments to a paypal account.  The payments I sent were large and by my due date the balance was paid back down using credit card A to pay B isnt illegal! Yet there **bleep** AI system might find it out the payments just been going to one account! Sad to say I don't the person reviewing my case will find my answers sufficient i really think they will close my accounts, because no one here can provide insight it seems i just mentally prepare for bankruptcy by next spring 

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Cap1 has seen it all along with the other major credit card issuers.  Likely why they want to talk to you.  Yes you were flagged by the system to  have follow-up by a human being to confirm or not and based on your answers they will decide what actions to take.

[SaintSeiya]

What is the point of this forum uf everyone here can just use chat got and call their creditor? 🤡 I guess it seems like a waste of time to come here! Plus stick to the topic at stand instead of going on an unhinged rant.