My sister has been dead for 5 years and i live in her home. She had an equity loan with chase. The title is in escrow to finalize full title transferred to my parents. After chase sends 3 letters here to this address which they know she's deceased, i call chase and tell them i am her brother, a businessman with 1000's of customers, and understand privacy however i only want the chase "business process" rules, not specific details of my sisters loan. I tell the customer service person, in the spirit of me being an internet author writing an article on how chase does business i want to
1) know why (as a business process) chase would send letters to the address of a diseased person (any person regardless who),
2) why form letters would be sent to any person saying an account cannot be closed (the public rule in the spirit of an article being written, an instructive rule, not details of this particular account). That any generic answer would be instructive. The rep refused to speak about anything. I told him the general public is pretty tired of big banks and their dealings and that i can only write about what i'm not being told then.
That the fact they will not be instructive at all about their business practices fuels the outrage brewing the in the public eye. And it is an outrage banks do not want you to understand their business processes and do not provide better customer support. I in the past closed a credit card acquired by chase for charging a late fee when i never got a statement during their transition period, and unlike other cards that have discretionary power to wave fees chase would not, so rather than keep me as a customer they cared not that i closed my account. Because i feel chase customer support is the worst i've ever experienced aside from some cell phone and cable companies, i support boycotting chase bank!
I have had my account with chase for more than two years now. At one time i had, a brokerage, a saving, a checking and two credit card accounts with them. Everything was good till just now when i got a letter in the mail that my account will be closed in two weeks. Called the customer services, who basically told me that bank has performed analysis of my account and found that i wasn't worth the risk based on my account history and therefore have decided to terminate my account.
I am really disappointed in this decision because i feel that i have been declared guilty without any trial. I really don't know if they can do that and i am not interested to pursue this matter any further because if chase doesn't want me as a customer then i don't want it as my bank either and i will switch to another bank. I do feel depressed and worried as to what might have caused them to flag my account (which they will not tell me). I did had a couple of wire transfer from my home country one 10 k and another 20k but both of them were about a year ago. Also took some cash (about 5k) from my account about a month ago and then redeposited in the same amount to pay a credit card bill of another bank.
Other than these all i have been doing with this account is putting money into it and paying my chase credit cards bills. In the end, i am upset and i wanna tell everyone who might be looking into chase as their bank that this bank is not depandable and can kick it's customer out without any explanation. To be fair to chase, i would say that i liked their services (especially online account) till it lasted, but i don't think it was worth it. In the end i am very disappointed in chase!
I had a problem with online transfer. My payment was delayed by a day. This is first time. They charged late fee, finance charges. Even though I requested the fee be waived, they are not ready to waive it for first time. This is really bad. But other banks do that. CHASE IS BAD BANK. DON'T HAVE AN ACCOUNT WITH CHASE.