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Buy nowThis just happened to me as well. 2:39am I received 3 emails that they were closing my account and a transfer of funds had been initiated with no calls, heads-up on anything prior to that. Had the account open for 4 years with no issues. Where are the funds being transferred to? No idea, and it's a lot of money.
No customer service agent has a clue why and just kept saying "our operations team needs to review this and will get back to you in 1-3 days". That doesn't help when you need to pay bills from your checking account. It's been 2 days and still nothing from them.
I will be closing down my Quickbooks accounts for all of my business due to this. It's absolutely insane.