HMBradley Shutting Down
HMBradley has posted the following notice on their website, announcing that they will soon close all accounts:
We’re announcing that beginning November 15th, HMBradley is beginning a wind-down of our consumer deposit and credit card programs over the next 30 days.
Below are some important dates and notes about the timeline so that you can begin to plan and start to move your money from HMBradley to wherever you go next.
- Important Deposit Account Dates:
- November 15, 2023 – Today marks the beginning of the wind down for our deposit program. You can still use your account in the normal course of business, though we will be restricting incoming transfers originated from the HMBradley website or mobile app as of today. You will, however, be able to send money from your HMBradley account to another institution via ACH or Wire transfer throughout this wind-down process.
- November 20, 2024 – This is the last day that credits from external accounts will be accepted, with the exception of federal and state benefit deposits, which will be accepted until December 15, 2023, to give the governmental authority the time to redirect the deposits.
- December 15, 2023 – Final interest payments will be posted¹, and federal and state benefit deposits will no longer be accepted. This is the final day to debit money from the account.
- Between December 15 – December 31, 2023 – All accounts that have not been closed by the customer will be closed and a check will be issued to customers at their address on file.
- Important Credit Card Account Dates:
- November 15, 2023 – Today marks the beginning of the wind down for our credit card program and the termination of the HMBradley Credit Card Rewards Program. Effective today, all credit limits have been reduced to $1,000. You will need to update or cancel any automatic payments that you have set up with your HMBradley Credit Card and make other arrangements for those payments.
- November 20, 2023 – The last day to redeem cashback rewards to your HMBradley Deposit Account (you will still be able to redeem rewards to an external account or apply them to your credit card balance after this date).²
- December 6, 2023 – The last day you will be able to initiate transactions with your HMBradley Credit Card.
- January 14, 2024 – The last day to redeem cashback rewards from your HMBradley credit card, either by applying them to your credit balance or redeeming to an external account.
- January 15, 2024 – All unredeemed cashback rewards will be nullified.
Find more details here.