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Personal Finance (Not Investing) • Chase Bank lost it's way!

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We have a checking account at Chase.

My wife wanted to transfer money from the account to our checking account at our brokerage.
- the link was verified by Chase by sending two small deposits and withdrawal
- the next day she tried to send $xxx.xx to the brokerage
- the next day we found out that it was rejected and cancelled by Chase. No reason was given.

The next day I tried to do the same from my end of the Chase checking account (they require two logins for Joint accounts).
- I went through the same process and this time I tried to transfer $1,xxx.xx
- the next day we found out that it was rejected and cancelled by Chase too. No reason was given.

I called Chase customer support and spent an exciting hour with them. However, I was not able to get a reasonable explanation to the rejections.
They tried to brush me off by saying that I should find a different way to transfer the money.
It seems that they have a preference that clients should not transfer money (the push method). They want that we should use checks, pull the money from the brokerage side or do a wire transfer.

Tomorrow or Friday someone higher up (above the supervisor that I have talked with) supposed to call me. Hopefully they can resolve it for us.

Did anyone else had similar experience?

What do you suggest that we should do?

Statistics: Posted by big bang — Thu Nov 21, 2024 1:03 am — Replies 3 — Views 508



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