@sandman2435 wrote:
@joedtx wrote:
@Anonymous wrote:
@sandman2435 wrote:
@JSS3 wrote:How many new accounts were opened?
15 new accounts@ , 10 were personal 5 were business , even closed a few out as well on my own, it's no biggie, their are plenty of banks and credit unions out there , I think this gives me a good reason to switch banks, I had wells for many years : did not like them BMO Harris has opened many new branches as I may give them a try' I get a phone call at least once a week from them wanting my business ( BMO has giving me 2 Diners at 40K each, a business MasterCard @25k and a personal MasterCard @15k, and I don't have any money in their bank, I have lots of BOA credit cards, how is BOA to bank with?
This is why I dont jump to conclusions when I see these types of threads here. 15 new accounts in one year? I understand your income and profile may support or validate opening that many new accounts in a short time but from a lenders perspective I definitely see how that could raise a red flag. Hopefully you can find a bank more suitable to your circumstances
Actually this is quite common and looking at the OP's few accounts its really not many, depending how your have your business accounts structured and of course your line of business for both reporting and from an audit perspective your finances must have transparency in order to seperate and clearly identify individualized business related activity. Sorry you woke up my inner accountant
I can see if I was running up High balances with my accounts , than yes I would get nervous as well, but I have less than 1% Utli , even if Chase reopens my cards, I'm gonna take my business elsewhere , it just a big pain to change banks, redoing my bill pay, direct deposit , I wonder how Is us bank? , but there's no branches in my area
Im a bit biased but US Bank has a wonderful Private Client Group. However if theres no branches in your area that might become inconvenient for you. With US Bank you bank with the banker and not the bank. They are your advocate so if you cant sit down with someone to discuss your financial portfolio occasionally you lose something there. I also like Credit Unions. Logix has been great to me personally.
@waiter wrote:Sandman...
banking relationship should not be how chase does... for example..
Last year GE bank did AA on me and DW accounts...Our combine credit limits with GE were more than 150K , Our accounts were frozen, they asked us some documentation.. and we provide it to them, and they said they will let us know the results in 90 days.. well after those 90 days our accounts were let go... and today me and DW have almost 200K credit with ONLY GE... the reason I am saying this is because , bank like GE got nervouse about exposure it had to us... and they communicated and made sure we can handle that much, but did not just close the accounts like chase does.
CHASE.. closed our accounts last month also...I had 3 cards and DW 2 cards.. combined CL we abour 62K..
How BS is that they sent us letter telling us that they HAVE closed our accounts, and we used to bank with chase as our primary bank. and i wasnt surprised at all... and i didnt even make any thread on here regarding chase being like this. I hate chase,
We moved to our local CU NEFCU, and couldnt be more happier.
DITCH CHASE....
Well done sir! +1 