Please share this story as a word of warning to others so they don't get scammed by Chase Bank. MONEY IS NOT SAFE WITH CHASE AND NOW I AM LEFT WITH A ZERO ACCOUNT BALANCE IN A TIME WHERE I HAVE NO JOB BECAUSE MY AFTER-SCHOOL ART PROGRAM BUSINESS WAS DESTROYED BY COVID. THEY WILL GIVE AWAY YOUR MONEY AND LET OTHER BANKS JUST COME IN AND PILFER YOUR ACCOUNTS. THEY DO NOT CARE ABOUT THEIR CUSTOMERS OR THE MONEY IN YOUR ACCOUNTS. What kind of bank let's their own customer's accounts just get cleared out long after a check has been cashed, had a hold on it, verified that it was okay and then three weeks later just lets another bank come in and take all the money left in the account?!ĭO NOT TRUST CHASE. This was almost three weeks after I deposited the check AND NINE DAYS after the check had cleared!! It was worse.Chase had allowed TD Bank, (the bank that issued the check) to go back in and reclaim everything in my checking account. I panicked thinking this guy had hacked my account somehow. on 8/27/21 I logged into my chase account to find every penny left in my checking account had been cleared out. Fortunately I said no.ĪLMOST A WEEK LATER. The day the car was supposed to get picked up I got an email saying the scammer's father, for whom he was purchasing the car, had died that day and could he have his money back. I sent the money to the shipper and scheduled the date for pickup. He had me send $8,400 to give to the "shipper". Nine days later, the check cleared and the money was legitimately in the bank. I told the scammer that no car or money would be transferred until the check cleared. I deposited the check on 8/9/21 and Chase bank put a 9-day hold on it to make sure it would clear. So basically it boils down to they were not making enough money off of me, because I don't keep my money in their bank and let them use it they decided that they were doing to force me to do it! SO IF YOU WANT A BANK THAT WILL HOLD YOUR MONEY FOR THEIR BENIFIT CHASE BANK IS THE BANK FOR YOU!īeware, Chase Bank DOESN'T keep your money safe!Ī few weeks ago, a scammer wrote me a check for $23,000 to purchase a car with $8,500 going to shipping that car (along with a few others he was supposedly buying in the Florida area) up to Philadelphia. That is the only way they can do it and not run afoul of banking regulations requiring them to clear your funds in a timely manner. I just recently found out the truth my local bank manager pulled me aside and told me that since I quickly withdraw the money when it clears my account that is why they have started holding my money and labeling fraud protection. Their explanation was to protect me from fraud. I kept asking them why? I had never had a check that I deposited returned to me in all the time I had been banking with them. Then six months ago the started slapping me with ridiculous holds on my account! They would hold a local check for 11 business days, and money Zelled to me for 7 business days. I have banked at Chase for over 10 years, and until the last 6 months never had any problems. We closed our checking/savings/retirement accts we had with them and taken our sizable business to a more customer oriented institution. We immediately paid the mortgage off and swore NEVER to do business with these snakes again. Chase opened an investigation and after we explained what had happened, they refused to remove the 'late payment' from our report. When we next saw our credit report, it indicated a late payment. They corrected the year and payment went through. We directed them to the online payment which still showed pending since the it had the wrong year. Chase sent us a letter threatening foreclosure if the payment wasn't made within a short number of days. We didn't know of the error until about 20 days after payment was due. One month, the year was set to the incorrect but in the call Chase confirmed they saw the transaction and all was fine. Back in those days, we manually paid monthly online and my wife would always call Chase to confirm they saw the pending payment and all was fine. We had a chase accts so we were OK with their purchase of our mortgage. We purchased our home about 20 years ago - the company we had our mortgage through sold it to Chase.
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