Chase no longer will allow CCs to be used for OD Protection

[Anonymous]

I was just surprised that they didn't do filtering and only send it to those with Chase bank accounts (or, even better, those with credit cards enrolled for overdraft protection for those chase bank accounts).

[Anonymous]

USAA free overdraft from 8.15% CC yes please 

Chase banking is such a joke can't imagine why anyone would possibly bank with them.

[Anonymous]

Got the chase message too and don't bank with them. My main checking is a CU where I've only got a $300 OD line. They'll take from savings, but I don't generally have much in that savings. I have a $15k CC with them, I never thought to ask if it'd be used as OD. Guess I should.

I have DCU, which uses CC for OD. I have NASA with a sweet PLOC. I have A couple other accounts one with an OD line and one without. This just confirms I have WAY to many checking accounts.

[Imperfectfuture]

No chase banking, no message. Wonder if it is because all accounts logged on from business account.

[Anonymous]

---

@Anonymous wrote:

USAA free overdraft from 8.15% CC yes please 

Chase banking is such a joke can't imagine why anyone would possibly bank with them.

---

1. They are right down the street.

2. I'm responsible with my account and never get any surprise fees or problems with them.

3. They give my kids student checking accounts for free and let me monitor them and transfer funds easily from my own log-in.

4. They gave us our highest limit credit card, presumably because of our history with them.

5. My checking account always does what I need it to do.

6. They are right down the street.  It is worth repeating.

7. Until recently, I had no idea there was anything better.

[MJ-san]

Chase also had overdraft lines of credit - they actually were treated like a credit card account but without a card. It just sat there and was ready to be used when needed. Those are all being closed in August. 

On a related note - they used to offer unsecured personal lines of credit. Those, too, are being closed, but not until next year. They gave a year's notice. 

I've kept my Chase checking open because I've had it for 25 years. It's only a secondary account for me, but honestly, no reason to keep it now. Chase is just a credit card company to me now. 

[Anonymous]

---

@Anonymous wrote:

I do bank with them.  And I don't know what I'll do about this.  I've never used the overdraft protecton with Chase, but it was nice to know it was there.  NFCU gave me that nice little CLOC and is looking really tempting now for my main checking. 

---

I'm in the same boat...

[Anonymous]

I bank with them because not only are they down the street, two branches even, but are all over town so there's literally never a need to visit a non-Chase ATM.  They're also open later than every other bank in the neighborhood.  The overdraft thing doesn't affect me since I opted out but I have noticed from other posts about that forums that Chase seems to be pulling back and becoming more restrictive with other products.  For now I'll wait and see but if it's a continuing trend I'll shift more of my banking to NFCU.

[Anonymous]

---

@MJ-san wrote:

I've kept my Chase checking open because I've had it for 25 years. It's only a secondary account for me, but honestly, no reason to keep it now. Chase is just a credit card company to me now. 

---

Mine has to have a direct deposit over $500/month to remain free.  Is there some other way to keep it open?

What benefit is there to having a checking account that you've had for 25 years, other than goodwill from Chase as your credit card company? I'm just making sure I'm not missing anything.

I feel guilty like I'm breaking up with someone.  We have so much with chase right now(5 checking, 1 savings, 5 credit cards), and I really think we're going to move all the checking and savings to NFCU.  I just got all the kids savings accounts at NFCU yesterday because of the promotion.  I plan to move my $50 bonus over to them, so they'll each have $100 in a savings account.

[RonM21]

Got the message today. But like others, I don't bank with them.