Phone calls about MICROSOFT closing. Is this a scam?

[MerlinGerow]

I keep receiving calls from someone saying that my MS account is expiring and they are going to deduct 499.00 from my bank account or if I open my bank account they will refund my initial 299.95 by transferring from a CHASE account to my bank account. I refused to do this and the man kept saying it all legitimate. I refused to do this and he told me to f... off and hung up. Then he called back 3-5 times. My bank said it sounds like a scam and not to do it. Has this happened to others.

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