BEWERE chase loves closing accounts

[Anonymous]

When opening an account, do you read the whole licence agreement?

you answerd no, right?

Who has time to read 100 pages in a bank by a bankers desk? You just click agree, or accept, right?

The banker even tells you 'you don't have to read it". (I asked him what if I want to? he said, then i'll go take a nap and be back in 45 minutes)

So, I did't read it. but if I would have, my account would probebly be in a diferent bank.

Now they closed my account, reason? they suspect fraud.

BTW legally don't have to explain, since I clicked accept.

Ask around, they close a LOT of accounts, I personally know a few people who had chase accounts, and they were closed.

one of them had a 5+ million locked for 3 months, then I remember him waiting by the mail box every morning.

Bottom line If there another bank in your nieghborhood think twice before trusting chase.

[M_Smart007]

Sorry they closed your account.

Just wanted to mention, there are a lot of people like myself who have Checking & Savings,

several Credit Cards with high limits, for many many years with no issues.

[Anonymous]

Chase secure cheking, Is different then chase total checking.

The difference is that you can't write checks (no paper checks), you can't overdraft, and the monthly fee is chaeper (around 5 dollars) thus unwaivable. 

oh, and no minimum balance, and 

BEWRE Chase loves closing accounts, and they legally don't have to provid there prized client with an explanation, since you clicked accept.

[Brian_Earl_Spilner]

What was the supposed fraud? I've never had a problem with them. It's the reason I keep them open despite having most of my money elsewhere. Most timely and least problems out of everyone. Their rates just suck.

[Jnbmom]

Chase normally just doesn't close accounts without a reason, you mentioned "fraud" but didn't state what the fraud may be?

Most lenders have a reason whether we agree with it or not, or we don't think it's a good enough reason, it's business to them and they can and will close accounts. This applies to all lenders...........................................................

[Remedios]

@Anonymous  Chase doesnt randomly close accounts. Something happened, and it caused them to suspect fraudulent or illegal activity. 

Unless you're really willing to truthfully describe what caused it, hollering about Chase closing accounts doesnt help you or anyone else, because it isn't true. 

If you dont want to talk about it, usually the best place to start is looking at transactions, type of merchants you used, etc. 

Additionally,  if there is anything on your EWS report that indicates fraud, frequent overdrafts, "abandoning" overdrawn accounts, that can help you determine what happened. 

In most cases however, customer knows what happened, they just dont see it the same way lender would. 

[Anonymous]

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@Anonymous wrote:

 ... Ask around, they close a LOT of accounts, I personally know a few people who had chase accounts, and they were closed.

one of them had a 5+ million locked for 3 months, then I remember him waiting by the mail box every morning ...

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Although I find your claim entirely plausible, I asked around and didn't locate anyone who had a similar experience (I did learn one friend got charged $7.50 for helping himself to the employee coffee and donuts while waiting to see a banker ). 

Anyway, thanks for the cautionary tale -- I know I'll make sure to never deposit more than 1M with Chase. 

[Anonymous]

While your post brings back a funny memory about when I opened my Checking account with them, and the Banker turned the montier for me to "read" the T&C. "We both knew that i just skimmed over it" It's no different than with any other FI, if you want to bank witht ehm sign. If not good day.

End of day I knew that I had no intention of behaving in a way that would prompt a closure, and if something ever did happen to warrant a closure oh well i've got plenty other Banks. So no love lost, but they'd better have a check in the mail fairly soon in the amount of my deposits.

[NRB525]

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@Anonymous wrote:

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@Anonymous wrote:

 ...  ...

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 (I did learn one friend got charged $7.50 for helping himself to the employee coffee and donuts while waiting to see a banker ). 

. 

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I learned something valuable today. Thanks!  

[bourgogne]

nonsense, cannot understand the post but if completely false that chase closes down account without reason.  I live in los angeles and there is by far the most dense allocation of chase branches here of anywhere.  all my friends and colleagues bank with them, its impossible not to, and everyone thanks to my referral greed has a slew of cards from them and nobody has has had a single issue with either credit or banking.  what goes around comes around, treat FIs right and bank clean and there will never be any issues imo