Let me tell you about Chase Bank.
My 18 year old step daughter received a $50 check from my father as a graduation gift.
Chase Bank felt that it was a good idea to place the $50 on a 10 business day hold.
When talking with the Chase fraud department they told me that they needed to speak with the person that wrote the check to confirm the validity of the $50 check.
The issuer of the check is NOT a Chase account holder.
The $50 check was written off of a credit union that resides in the Dallas Federal Reserve Bank locale. As does my step daughters account that she has with Chase.
After speaking with multiple "supervisors" at Chase it was relayed to me that it was imperative that they speak with my father regarding this $50 check.
Today was actually the 8th business day of the hold on the $50 check.
Chase and their people attempted to contact my father multiple times. And if you know my dad, he doesn't answer calls from companies he doesn't transact business with.
I managed to find out that the Chase Rep would call a "publicly available" phone number for my father. His cell # is NOT on his checks.
Chase would leave a message for him to call them back. He did, multiple times and he was unable to speak with anyone about this issue.
So after 90 minutes of phone time with Chase, the 2nd Chase "supervisor" tells me that she was able to confirm my relationship with the issuer of the check and the hold was released.
Here's the best part. I have NO relationship with Chase. No accounts, no loans. Nothing.
All Chase knows of me is my name that we gave them over the phone. I could have been any random person.
And when common sense finally hit that a 10 business day hold for a $50 check was kind of excessive. The hold was released even though the check cleared the account it was drawn off a week ago.
Here's the moral of the story. Maybe (I highly doubt it) someone at Chase can start teaching common sense.
My stepdaughter WILL be closing her Chase account today. No big lose for them, it's a 18 year olds account.
However, the kids mother has multiple large business accounts with Chase that she WILL be closing.
And besides this long winded comment, I am going to find every review site possible and give Chase Bank the lowest rating that I can.
Chase is a terrible bank. The customer service is just as terrible.
1 star for Chase!! read more