topic Re: Chase Liquid in Personal Finance

Chase Liquid

Anonymous — Tue, 16 Jan 2018 13:34:16 GMT

I know there have been previous threads about this card. I kinda like the idea behind it, but prefer more traditional checking accounts, mainly since my landlord pulls money directly from the account (ACH) since checks have been unrealiable in the past (resulting in a couple of waived late fees and one actual late fee), plus the fact that there's an additional 5 day grace period with ACH transfers.

I'm looking at this Chase Liquid card because well:

1) I like Chase's banking ecosystem (website, cards, Zelle, enhanced $0 liability protection with next day reimbursement, etc.).

2) There's plentiful branches around my residence with advanced ATM's if I need one.

3) Chase has extended banking hours and are open when other banks aren't in my area.

4) I can give one to my roomate so they can have their own account, but we can share money easier through Chase than our current setup.

Here's the questions and issues:

1) Everytime I apply for a checking account online with Chase, I get denied because of Early Warning Systems. I don't want to get laughed at by the banker after I go in and they can't give me this card. I've heard this one is harder to get than a typical prepaid card.

2) The $4.95 fee, although not a big deal at all really.

3) I've heard this card can actually overdraft, it's not mentioned in the T&C's.

4) When you activate this card/account, does it use Chase's online banking website, or does it use a "special" seperate website?

5) Adding money without using Zelle might take forever.

Re: Chase Liquid

Anonymous — Tue, 16 Jan 2018 21:06:15 GMT

I always understood these kind of things to be for people who can't get traditional checking accounts for whatever reason. Not following why you would want this.

$4.95 is $60 bucks/year wasted in fees.

There's a bunch of easy ways to send/receive $$ between people.

Re: Chase Liquid

Anonymous — Wed, 17 Jan 2018 00:10:11 GMT

If you must go with prepaid debit, go with Insight or Netspend and take advantage of the 5% APY savings account (up to 5k balance for Insight/1k for Netspend) that they come with.

Re: Chase Liquid

Anonymous — Wed, 17 Jan 2018 05:57:20 GMT

@Anonymous wrote:
I always understood these kind of things to be for people who can't get traditional checking accounts for whatever reason. Not following why you would want this.

$4.95 is $60 bucks/year wasted in fees.

There's a bunch of easy ways to send/receive $$ between people.

$60 is pocket change really. And since I can't really get in with Chase (at least that's what their site says)...

Re: Chase Liquid

Anonymous — Wed, 17 Jan 2018 13:22:34 GMT

@Anonymous wrote:
@Anonymous wrote:
I always understood these kind of things to be for people who can't get traditional checking accounts for whatever reason. Not following why you would want this.

$4.95 is $60 bucks/year wasted in fees.

There's a bunch of easy ways to send/receive $$ between people.
$60 is pocket change really. And since I can't really get in with Chase (at least that's what their site says)...

If $60 is pocket change ... you really should have no problems with a regular checking and getting your payments in on time so you don't have to wrestle with late fees and all that hassle.

Re: Chase Liquid

Anonymous — Wed, 17 Jan 2018 13:37:06 GMT

@Anonymous wrote:
I know there have been previous threads about this card. I kinda like the idea behind it, but prefer more traditional checking accounts, mainly since my landlord pulls money directly from the account (ACH) since checks have been unrealiable in the past (resulting in a couple of waived late fees and one actual late fee), plus the fact that there's an additional 5 day grace period with ACH transfers.

I'm looking at this Chase Liquid card because well:
1) I like Chase's banking ecosystem (website, cards, Zelle, enhanced $0 liability protection with next day reimbursement, etc.).
2) There's plentiful branches around my residence with advanced ATM's if I need one.
3) Chase has extended banking hours and are open when other banks aren't in my area.
4) I can give one to my roomate so they can have their own account, but we can share money easier through Chase than our current setup.

Here's the questions and issues:

1) Everytime I apply for a checking account online with Chase, I get denied because of Early Warning Systems. I don't want to get laughed at by the banker after I go in and they can't give me this card. I've heard this one is harder to get than a typical prepaid card.

2) The $4.95 fee, although not a big deal at all really.
3) I've heard this card can actually overdraft, it's not mentioned in the T&C's.
4) When you activate this card/account, does it use Chase's online banking website, or does it use a "special" seperate website?
5) Adding money without using Zelle might take forever.

Reading another post on this site, would you not qualify for the Chase Premier Checking with no fees and a Chase Liquid Card to boot? As some one with a Military connection Chase says they will waive related account expenses. Assuming things I thought I may have known?

Re: Chase Liquid

Anonymous — Wed, 17 Jan 2018 14:51:08 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
I always understood these kind of things to be for people who can't get traditional checking accounts for whatever reason. Not following why you would want this.

$4.95 is $60 bucks/year wasted in fees.

There's a bunch of easy ways to send/receive $$ between people.
$60 is pocket change really. And since I can't really get in with Chase (at least that's what their site says)...
If $60 is pocket change ... you really should have no problems with a regular checking and getting your payments in on time so you don't have to wrestle with late fees and all that hassle.

As stated before, I have regular checking accounts but would like to get in with Chase. I believe Early Warning Systems is preventing me from opening a Chase checking account because I cannot open one online; however, I don't owe any banks money from overdrafts or anything like that. This card, I've heard, can help you "graduate" to a Chase checking account after 6-12 months.

I'd also like to add that Chase is one of few banks around here that offer safe deposit boxes, which is also something I'd like to have.

Re: Chase Liquid

Anonymous — Wed, 17 Jan 2018 14:45:27 GMT

@Anonymous wrote:
@Anonymous wrote:
I know there have been previous threads about this card. I kinda like the idea behind it, but prefer more traditional checking accounts, mainly since my landlord pulls money directly from the account (ACH) since checks have been unrealiable in the past (resulting in a couple of waived late fees and one actual late fee), plus the fact that there's an additional 5 day grace period with ACH transfers.

I'm looking at this Chase Liquid card because well:
1) I like Chase's banking ecosystem (website, cards, Zelle, enhanced $0 liability protection with next day reimbursement, etc.).
2) There's plentiful branches around my residence with advanced ATM's if I need one.
3) Chase has extended banking hours and are open when other banks aren't in my area.
4) I can give one to my roomate so they can have their own account, but we can share money easier through Chase than our current setup.

Here's the questions and issues:

1) Everytime I apply for a checking account online with Chase, I get denied because of Early Warning Systems. I don't want to get laughed at by the banker after I go in and they can't give me this card. I've heard this one is harder to get than a typical prepaid card.

2) The $4.95 fee, although not a big deal at all really.
3) I've heard this card can actually overdraft, it's not mentioned in the T&C's.
4) When you activate this card/account, does it use Chase's online banking website, or does it use a "special" seperate website?
5) Adding money without using Zelle might take forever.
Reading another post on this site, would you not qualify for the Chase Premier Checking with no fees and a Chase Liquid Card to boot? As some one with a Military connection Chase says they will waive related account expenses. Assuming things I thought I may have known?

I'm still relatively young, so I don't have $15,000 to waive the monthly fee for that account.

Re: Chase Liquid

Anonymous — Wed, 17 Jan 2018 15:52:50 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
I know there have been previous threads about this card. I kinda like the idea behind it, but prefer more traditional checking accounts, mainly since my landlord pulls money directly from the account (ACH) since checks have been unrealiable in the past (resulting in a couple of waived late fees and one actual late fee), plus the fact that there's an additional 5 day grace period with ACH transfers.

I'm looking at this Chase Liquid card because well:
1) I like Chase's banking ecosystem (website, cards, Zelle, enhanced $0 liability protection with next day reimbursement, etc.).
2) There's plentiful branches around my residence with advanced ATM's if I need one.
3) Chase has extended banking hours and are open when other banks aren't in my area.
4) I can give one to my roomate so they can have their own account, but we can share money easier through Chase than our current setup.

Here's the questions and issues:

1) Everytime I apply for a checking account online with Chase, I get denied because of Early Warning Systems. I don't want to get laughed at by the banker after I go in and they can't give me this card. I've heard this one is harder to get than a typical prepaid card.

2) The $4.95 fee, although not a big deal at all really.
3) I've heard this card can actually overdraft, it's not mentioned in the T&C's.
4) When you activate this card/account, does it use Chase's online banking website, or does it use a "special" seperate website?
5) Adding money without using Zelle might take forever.
Reading another post on this site, would you not qualify for the Chase Premier Checking with no fees and a Chase Liquid Card to boot? As some one with a Military connection Chase says they will waive related account expenses. Assuming things I thought I may have known?
I'm still relatively young, so I don't have $15,000 to waive the monthly fee for that account.

You wouldn't need the 15,000 to waive the fee. What he's referring to is the fact that Chase will waive service fees for servicemembers assuming you have a military affiliation. I believe he brought that up due to the USAA cards listed in your signature, thinking that you may have be military related. Of course that could be from another family member's service, but I believe that was the initial speculation.

Here is the link to Chase's military "perks".

https://www.chase.com/digital/military/personal

Re: Chase Liquid

Anonymous — Wed, 17 Jan 2018 16:22:34 GMT

USAA and NavyFed affiliation is from stepfather who is married to my mom, but I don't live in the same household as them anymore.

Re: Chase Liquid

Anonymous — Wed, 17 Jan 2018 20:04:10 GMT

Have you tried opening a Total Checking account in-branch? Try to get a desk where the banker has the CPC business cards (Silver octagon). I don't have any issues with Chex/EWS but the CPC banker was far better than others I've dealt with, to the point of knowing what I meant when I mentioned 5/24!

Re: Chase Liquid

Anonymous — Wed, 17 Jan 2018 23:29:19 GMT

AustinOk hit the nail on the head. Saw Navy and USAA Cards and figured you had a Military Affiliation which waves all the requirements of the Chase Premier Checking Account and would open the options you mentioned would be useful!

Re: Chase Liquid

Anonymous — Thu, 18 Jan 2018 08:27:04 GMT

@Anonymous wrote:
Have you tried opening a Total Checking account in-branch? Try to get a desk where the banker has the CPC business cards (Silver octagon). I don't have any issues with Chex/EWS but the CPC banker was far better than others I've dealt with, to the point of knowing what I meant when I mentioned 5/24!

I'm not sure how that would make a difference, though. If I'm denied online, what would the banker be able to do? I'm sure they don't have the power to override Early Warning Systems. I think a Liquid card would solve the issues I need. I mean it's $60 a year, the cost of one electric bill for me, so basically pocket change.

That and how do you get a desk to work with someone from the private client division?

Re: Chase Liquid

Anonymous — Thu, 18 Jan 2018 08:19:31 GMT

@Anonymous wrote:
AustinOk hit the nail on the head. Saw Navy and USAA Cards and figured you had a Military Affiliation which waves all the requirements of the Chase Premier Checking Account and would open the options you mentioned would be useful!

Does family members of military waive the fee? Probably not from what I've read, but not sure if others have a data point that says differently.

Re: Chase Liquid

Anonymous — Thu, 18 Jan 2018 13:33:20 GMT

@Anonymous wrote:
@Anonymous wrote:
Have you tried opening a Total Checking account in-branch? Try to get a desk where the banker has the CPC business cards (Silver octagon). I don't have any issues with Chex/EWS but the CPC banker was far better than others I've dealt with, to the point of knowing what I meant when I mentioned 5/24!
I'm not sure how that would make a difference, though. If I'm denied online, what would the banker be able to do? I'm sure they don't have the power to override Early Warning Systems. I think a Liquid card would solve the issues I need. I mean it's $60 a year, the cost of one electric bill for me, so basically pocket change.

That and how do you get a desk to work with someone from the private client division?

I don't know with certainty if they'll be able to override EWS, but there's always a chance. Collectively on the forums we know that branches and online work differently in more ways than one, both on credit and deposit sides. I'm fairly certain CPC bankers have more knowledge and more permissions in the system to make changes than regular bankers. They're almost like lending for deposit accounts vs. the front-line reps.

All three branches at which I've gone to a desk have the CPC bankers on the right and the regular bankers on the left. You can check that your branch has CPC at https://privateclient.chase.com/. If you get up to their desk and their business cards have a silver octagon, you're good to go. If it's a blue octagon, just ask a generic question about a checking account or credit card and walk out. Heck, somebody on here got a CPC banker to give them their number to app for the JPM Reserve even...

Re: Chase Liquid

DaveInAZ — Thu, 18 Jan 2018 13:35:52 GMT

@Anonymous wrote:
@Anonymous wrote:
Have you tried opening a Total Checking account in-branch? Try to get a desk where the banker has the CPC business cards (Silver octagon). I don't have any issues with Chex/EWS but the CPC banker was far better than others I've dealt with, to the point of knowing what I meant when I mentioned 5/24!
I'm not sure how that would make a difference, though. If I'm denied online, what would the banker be able to do? I'm sure they don't have the power to override Early Warning Systems. I think a Liquid card would solve the issues I need. I mean it's $60 a year, the cost of one electric bill for me, so basically pocket change.

That and how do you get a desk to work with someone from the private client division?

Because the problem with opening an account online could just be an ID verification problem. Or if there is a flag on your EWS report you might convince a bank officer that it is an error, if you have your credit reports frozen that could be a flag on EWS. And you can request your report from EWS to check it yourself.

Re: Chase Liquid

Anonymous — Thu, 18 Jan 2018 14:22:10 GMT

@DaveInAZ wrote:
@Anonymous wrote:
@Anonymous wrote:
Have you tried opening a Total Checking account in-branch? Try to get a desk where the banker has the CPC business cards (Silver octagon). I don't have any issues with Chex/EWS but the CPC banker was far better than others I've dealt with, to the point of knowing what I meant when I mentioned 5/24!
I'm not sure how that would make a difference, though. If I'm denied online, what would the banker be able to do? I'm sure they don't have the power to override Early Warning Systems. I think a Liquid card would solve the issues I need. I mean it's $60 a year, the cost of one electric bill for me, so basically pocket change.

That and how do you get a desk to work with someone from the private client division?
Because the problem with opening an account online could just be an ID verification problem. Or if there is a flag on your EWS report you might convince a bank officer that it is an error, if you have your credit reports frozen that could be a flag on EWS. And you can request your report from EWS to check it yourself.

I believe it's Early Warning Systems.

I opened a new Bank of America safe balance account on 1/1/18. I funded it, and then one night I tried to log into the app, it prompted me to enter my password instead of use touch ID. When I typed in the password, it said my account no longer existed. I called customer service who transferred me to the whatever risk department, who then advised Bank of America has a right to close my accounts whenever they want. The account was open for like six days and I recieved my debit card in the mail two or three days later.

When I received the account closure letter, they noted Early Warning System as the reason for closure. I'm pretty sure I've never owed a bank money because of overdrafts or other fees in the past. Not sure why this joke of a company flags perfectly good people. I mean what if I submitted my direct deposit for my new account to my employer already? BoA should have just denied the account instead of doing what they did.

Anyways, I'm 99% sure the problem is Early Warning Systems alone, but once I figure out what the issue is, I'll end up going to a branch anyway. The other alternative is to just have a Liquid card for six months, but I've heard those can be difficult to get at times.

Re: Chase Liquid

Anonymous — Thu, 18 Jan 2018 15:14:52 GMT

@Anonymous wrote:
@DaveInAZ wrote:
@Anonymous wrote:
@Anonymous wrote:
Have you tried opening a Total Checking account in-branch? Try to get a desk where the banker has the CPC business cards (Silver octagon). I don't have any issues with Chex/EWS but the CPC banker was far better than others I've dealt with, to the point of knowing what I meant when I mentioned 5/24!
I'm not sure how that would make a difference, though. If I'm denied online, what would the banker be able to do? I'm sure they don't have the power to override Early Warning Systems. I think a Liquid card would solve the issues I need. I mean it's $60 a year, the cost of one electric bill for me, so basically pocket change.

That and how do you get a desk to work with someone from the private client division?
Because the problem with opening an account online could just be an ID verification problem. Or if there is a flag on your EWS report you might convince a bank officer that it is an error, if you have your credit reports frozen that could be a flag on EWS. And you can request your report from EWS to check it yourself.
I believe it's Early Warning Systems.

I opened a new Bank of America safe balance account on 1/1/18. I funded it, and then one night I tried to log into the app, it prompted me to enter my password instead of use touch ID. When I typed in the password, it said my account no longer existed. I called customer service who transferred me to the whatever risk department, who then advised Bank of America has a right to close my accounts whenever they want. The account was open for like six days and I recieved my debit card in the mail two or three days later.

When I received the account closure letter, they noted Early Warning System as the reason for closure. I'm pretty sure I've never owed a bank money because of overdrafts or other fees in the past. Not sure why this joke of a company flags perfectly good people. I mean what if I submitted my direct deposit for my new account to my employer already? BoA should have just denied the account instead of doing what they did.

Anyways, I'm 99% sure the problem is Early Warning Systems alone, but once I figure out what the issue is, I'll end up going to a branch anyway. The other alternative is to just have a Liquid card for six months, but I've heard those can be difficult to get at times.

Then definitely call EWS to request your report.

Re: Chase Liquid

Anonymous — Thu, 18 Jan 2018 15:51:01 GMT

I put the form in the mail this morning. I prefer mail, I didn't want to wait to call them, if that makes any sense lol. On the form they said they can also e-mail your report to you, so I opted into that. I still like the idea of the Liquid card regardless, plus you walk out with one that day vs. waiting for a debit card. On the other hand I'd never get the $300 bonus, but I'd like to establish an actual relationship with Chase as well.

Re: Chase Liquid

Anonymous — Thu, 18 Jan 2018 19:03:38 GMT

@Anonymous wrote:
I put the form in the mail this morning. I prefer mail, I didn't want to wait to call them, if that makes any sense lol. On the form they said they can also e-mail your report to you, so I opted into that. I still like the idea of the Liquid card regardless, plus you walk out with one that day vs. waiting for a debit card. On the other hand I'd never get the $300 bonus, but I'd like to establish an actual relationship with Chase as well.

When I started at Chase they were still giving the DC on the spot, but I know they changed that last August. I know Chase's site for the liquid still says you'll get the card in-branch, but I would have my doubts unless I speak to somebody in said branch.