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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.

American Express: Platinum Charge, Optima, Business Gold
Barclays: Arrival+ WEMC
Capital One: Savor WMC, Venture VS
Chase: Freedom U VS, CSR VI
Citibank: AAdvantage Platinum WEMC
Elan/US Bank: Fidelity VS
Credit Union: Rewards Visa
FICO 08: (9.3.19) EX: 824 / EQ: 834 / TU: 832
Message 42 of 44
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.





Family Member made me an AU on: 2008 Sears MC $2,001, 2016 SEARS Store Card $2,001, 2011 Synchrony Home $5,500 , 2003 FNBO Visa $9,900, 2008 Macys Amex $1900, 2008 Kohls $2,000, 2008 JC Penny $4,500, 2016 TJX Mastercard $1,500, 2019 SDFCU PowerCash Visa $10,000, 2018 AAdvantage Aviator MC $5,600, 2018 HSN $4,500, and 2016 Local Credit Union Visa $5,000. Waiting on them to all report over the next month... Only Kohls is reporting so far... WITH AGE. They use AZEO method.
Member of:
Andrews FCU (Share), PENFED CU (Checking/Share), SDFCU (Share), Alliant CU (Checking/Share), NASA FCU (Share), NWFCU (Checking/Share), Ally Bank (Checking/Savings), BofA (Checking/Share), Navigant CU (Share), Greenwood CU (Share), Elements Financial CU (Share), Ocean State CU (Share), SDFCU (Share), Wells Fargo (Checking), RI Credit Union (Share), CashApp, PayPal Premier (for free direct deposit access with cash card), Paypal Business - Grandfathered 1.5% Cash Back on Biz Debit), Apple Pay Cash, and Venmo.
I WANT to join: Hanscom FCU (For the 2 day early direct deposit).
Burned:
DCU, NFCU, Comenity, Synchrony, Barclays, Discover, Amex, Webbank (Avant), Santander, Citi (Shell), DSNB (Macys), TDRCS (Target+Nordstrom), Capital One (Personal & Business, Kohls, and GM), CreditFirst(Firestone)
Message 43 of 44
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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