51–60 of 282 posts
Crypto solves this. Well, eventually, after initially making it worse, because all your crypto-adjacent transactions in the meantime make legacy banks extra-hair-trigger suspicious.
For example, USDC accounts can be frozen by a single entity with no recourse whatsoever.
The most important lesson learned here is not to ever deal with retail banking at the branch. Not only do they not care they aren’t given the authority or autonomy to help you. By trying to do this at multiple branches across the country OP likely made the problem worse as those actions raise suspicions even more. With that much money after the first day of inaction by support he should have CC’d every department fro…
This may vary a lot by bank. At the small regional bank I used to work for accounts were assigned a home branch, typically where the account was first opened, and that branch had enhanced responsibilities in terms of servicing and maintaining the relationship. Chase is big enough that their KYC fallout queues probably have an entire team working them, and it wouldn't matter who else you CC on the email. ("Hey Joe, co…
I deliberately flow a higher percentage of transactions through my, literally 10 min walk away, regional bank branch. I also occasionally (~once/month), literally walk into the lobby (shocking I know) to say "hi!" when withdrawing cash at the ATM for travel.
They know me by name & face. I'm not just a number to the tellers, the manager, and the vp, and likewise back to them.
Shockingly, I get fees waived for wires the occasional cashier's check, and am appraised of anything else going on with the website, upcoming services, and pending transactions (even at high relative holding percentages from one-time routes) flow through like butter.
Relationship banking at its finest.
Earlier quoted context omitted.
Just for posterity, we received this on 6/28/2013. Looks like they actually gave us 60 days. > Dear [redacted] Inc. > A review of our records indicates that we are unable to retain your above-referenced account(s) (the "Accounts") at JPMorgan Chase Bank, N.A. (the "Bank"). > The terms and conditions governing the Accounts ("Account Rules") provide that the Bank may close your Accounts at any time. Although the Accoun…
did you retype this? Assuming not, I just noticed they made the "if" -> "fi" typo twice and in two different ways -- interesting that what amounts to boilerplate can have that stuff get through.
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> Chase, like other banks, is in the business of taking and keeping people's money until they need it. This is doubly true for businesses.
You say the first one immediately after the second as though keeping your money when you need it isn't exactly why we should blame them.
Earlier quoted context omitted.
I've had some weird experiences related to my address although none were really a serious problem. My street name changed (probably when an interstate spur was put in about 40 years ago) and I still have issues now and then with geolocation.
>My street name changed and I still have issues now and then with geolocation. This happened at my previous house, except with an additional twist: the street name was changed to an identical streetname, less than a mile away , but within a different city. Adding to the confusion, my address was duplicated on that other street with a commercial brokerage which often gets sued. How do I know about these lawsuits? — be…
my story with them: Chase bank refused to cash their own Chase cashiers check. Seems crazy but I had to get a lawyer involved.
I now only do my financial transactions with smallish credit unions. Big enough that they can have the services I need, but small enough that my business is a large-ish part of the Unions' business.
This works internationally, not just US or Europe. Most nations have some sort of a member-owned financial cooperatives, equivalent to credit unions.