@AyaMai wrote:I wanted to start a bank relationship with Chase for future "24 months" to apply for their credit cards by opening a checking account with SUB using direct deposits but unfortuantely I was declined, do not why. Disclaimer, I have opened checking accounts with different banks for SUB & for different reasons in the last 8 months. Years back applied for Chase Amazon Credit Card, had an issue with them regarding verification my previous address during a phone call as I did not remember it when the question was asked. I am an authorized user on DW 3 Chase credit cards. Appreciate your comments.
just go in branch and apply with cc/id/ssn card (just to be safe) and that should be more than enough
unless you have been burning banks with NSF fees or fraud or something sketchy, it's just an identity thing that can be solved by signing up in branch, also unfreeze your credit a soft pull for identity verification is done
0/6, 3/12, 10/24
How many accounts in 8 months? " I have opened checking accounts with different banks for SUB & for different reasons in the last 8 months"
They may have seen this on ChexSystem. Opening too many can raise risk. And churning.
@FireMedic1 wrote:How many accounts in 8 months? " I have opened checking accounts with different banks for SUB & for different reasons in the last 8 months"
They may have seen this on ChexSystem. Opening too many can raise risk. And churning.
Chase uses EWS.
@Brian_Earl_Spilner wrote:
@FireMedic1 wrote:How many accounts in 8 months? " I have opened checking accounts with different banks for SUB & for different reasons in the last 8 months"
They may have seen this on ChexSystem. Opening too many can raise risk. And churning.
Chase uses EWS.
Thanks. I was going by # of accounts in 8 months.
@AyaMai wrote:
@FireMedic1 wrote:How many accounts in 8 months? " I have opened checking accounts with different banks for SUB & for different reasons in the last 8 months" They may have seen this on ChexSystem. Opening too many can raise risk. And churning.
I have opened checking accounts with Key Bank, US Bank , Wells Fargo, BMO and CapitalOne in the last 8 months.
That's a pretty high velocity for new banking accounts, @AyaMai. Five in eight months is a lot and not typical consumer behavior. Many of us use some banking SUBs and I've opened many accounts over the past few years. However, spacing them out is important.
Yes, it possible the identify verification is the cause but I'd be more likely to suspect the new account velocity is the issue.
I've read about velocity denials w/BoA, but not with Chase
5 in 8 months isn't even that many relative to the /r/churning world, anyway
when you get the denial AA letter, let us know the reason, I got $20 on identity as opposed to EWS score or any other reason @AyaMai
@AyaMai wrote:I wanted to start a bank relationship with Chase for future "24 months" to apply for their credit cards by opening a checking account with SUB using direct deposits but unfortuantely I was declined, do not why.
I was declined as well. I was trying to get their Checking/Saving account bonus. I will have to go in branch to apply on of these days as @GZG suggested. I'm also going to have to check my EWS before hand, since I don't have any issues with bank accounts.
