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Permanently Banned from Chase Bank Account for LIfe!!!

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Super Contributor

Re: Permanently Banned from Chase Bank Account for LIfe!!!


@ohmyhales wrote:

 

I also checked my EWS and ChexSystems reports and everything is clean on there. When I was younger I was a poker dealer and used to make significant cash deposits so maybe it got flagged for possible money laundering in there internal system. I was paid a check by a casino though so it shouldn't sound too unusual.

 

Thanks everyone for their input in this though.


As others have said we'll never know in this particular case what triggered it, but our OP is right that it may be a triggering event coupled with past behavior.

 

Even more inightful is the idea that the past behavior can include things like frequent or large cash deposits: banks are required now by law to closely monitor for anything that might indicate money laundering or other kinds of criminal behavior and that's one well-known flag.

Message 41 of 44
Senior Contributor

Re: Permanently Banned from Chase Bank Account for LIfe!!!


@CreditSweeper wrote:
No one is ENTITLED to a bank account at any bank. Just as we can chose whom to bank with, a bank can also choose. That’s just how it works. Do we file complaints when Discover won’t issue a credit card because of past credit missteps? No. Same deal with the bank.

On top of all that, if you feel so wronged, why would you ever put your trust in Chase again?

Chase is hardly the holy grail of banks. You can find better.

It's really not about entitlements, its about transparency. If a bank is going to close your account they should give you a reason.

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Message 42 of 44
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Valued Contributor

Re: Permanently Banned from Chase Bank Account for LIfe!!!

I would be it has something to do with your reputation score...

LEXIS NEXIS request your reports....

If ANYTHING shows up on Lexis Nexis... (Arrests etc..) your accounts will be PERMANENTLY closed.



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Message 43 of 44
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Moderator Emeritus

Re: Permanently Banned from Chase Bank Account for LIfe!!!


@sjt wrote:

@CreditSweeper wrote:
No one is ENTITLED to a bank account at any bank. Just as we can chose whom to bank with, a bank can also choose. That’s just how it works. Do we file complaints when Discover won’t issue a credit card because of past credit missteps? No. Same deal with the bank.

On top of all that, if you feel so wronged, why would you ever put your trust in Chase again?

Chase is hardly the holy grail of banks. You can find better.

It's really not about entitlements, its about transparency. If a bank is going to close your account they should give you a reason.


I do know the policy is not to release any information that has to be reported in possible cases of money laundering or fraud anyway as examples, as a result I think there's probably just a blanket policy of don't say anything, and it's probably the smart one.

 




        
Message 44 of 44
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