How to Avoid Chase Closing All Your Accounts
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- เผยแพร่เมื่อ 29 ก.ย. 2024
- Which actions can trigger a Chase account shutdown? Here's how to avoid it.
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Best way to avoid a shutdown is, don't do business with Chase. Period!
Yeah I agree shut them down first!!!
I remember a while back when I was looking to buy a home the rep from chase said I had to pay off the credit card that was included in my bankruptcy, should’ve got his name so I could sue them , too late now oh well
Don’t trust banks. Protect your $$$ the best way you know how. DON’T TRUST BANKS !!!!
I agree why must anyone be careful with their own money not to offend a bank
👍
Bingo!
Great video!
Easiest way... don't bank with them. Simple as that.
How to avoid a chase shutdown? Don't be a customer in the first place. There are other banks that are better and treat their customer's money as if it's not not theirs
Better idea DONT DO ANY BUSINESS WITH CHASE
Hit them where it counts, boycott them period
Exactly ‼️
The sad thing is that most young people think that this is perfectly normal....banks used to stay completely out of your personal life, unless you had an overdrawn account...period
Organized crime, trade violations, and associated money laundering unfortunately made it necessary to ask more questions about where the money they're made responsible for through customer deposits was sourced from.
@@doujinflipit’s just because of onerous regulations. There’s less crime than ever before.
Less _violent_ crime. Financial ones are getting worse.
I had an account (not chase) suspended years ago, and they explained a bunch of these "triggers". I was guilty of purchasing "premium bird feed" with a credit card. Premium bird seed contains sunflower seeds they said, and was edible for humans, a sure sign that I was starving and penniless. (or I was FEEDING BIRDS ! fool) This is no joke.
You purchased premium bird seed. OMG!!! What were you thinking.
lol
wow!
I expected you to say it contains hemp seed
About 20 years agoI had the strangest experience ever with BB&T, and it was so underhanded I won't even go into it here. I did get in touch with the Attorney General it was so bad and so strange. It went on for a year, and I quickly got away from any association with that bank, and I tell anybody who will listen in my small town about how bad that was. I had a letter addressed to the president of the bank that I never had to mail because it finally was resolved. Somehow I felt it was crooked on the local level and the powers that be were not aware.
What nonsense 😱
But what The Heck
Chase is the banking industry's equivalent of a Karen. Highly emotional and ready to go scorched earth over imagined slights.
Sounds pretty racist to me. Especially certain parts of Texas.
What the heck 😱
@@sipvypkbj103 Also transphobic
Thanks Josh. This is the no Karen zone. lol
Logical solution. Don't bank with Chase period.
Ohh 😯 Oh
Just now gonna be All of Them 😳 ás they all have issues
Chase is the most emotional bank ever lol
richyridiculoustv I got all 3 of my cards closed on at the same time
They are now canceling acounts for acts of wrong think
Lyn Charles wow
They closed my accounts and two credit cards. I was depositing too much money I guess. 👎🏾👎🏾👎🏾. It’s my account and my money but hey whateva.
Everyone also has a Indian voice and I can’t understand anyone !
The problem isn't that Chase simply closes someone's account. People can deal with THAT. The problem is they close it then HOLD THEIR MONEY FOR MONTHS. Refer to the couple from Mesa AZ Chase held $40k they had to sue to get it back.
So they😮 Made some interest
😱 And Panic the Ppl.
Looks like it is bad if you have lot's of money 🤑
And sad 🥺 if you have Like penny.
That is how It' Looks like to me
I'm confused
We need banking institutions that appreciate freedom.
Absolutely they should be free to do business with who they want - - and not do business with people they don't want (unless of course they are a baker then they should be forced to do business with everybody).
Just as they should be free to choose, I will choose to avoid them. They aren't the only game in town.
@@benchoflemons398 What's your point? I fail to see where I contradicted what you said in your original reply and completely fail to see where your reply to me has anything to do with the discussion at hand.
Are you kidding? they are a business, and if you are not making them money, they have no obligation to let you keep using their product. I don't think you actually understand what freedom is.
There already ARE financial institutions that appreciate freedom. They're called credit unions.
"Freedom" inevitably gets them involved in money laundering for organized crime and trade violations, especially if they offer cards and services that crosses borders with no additional fees. That's why they're increasingly cautious about who banks with them.
Lol. If Chase shut down your accounts, why on earth would you ever do business with them again? What you need to do is cancel all your Chase accounts and let them know it's due to the "reputational risk" you face doing business with them.
Try banking with credit unions if you can.
How many billion did Chase Manhattan launder for the Cartels?
Duck in hypocrites
Explicitly said he doesn't own Bitcoin but nothing about being in porn...
Will S LoL Nice catch!
Hahahahahahaha
Ethereum will win in the long run. Bitcoin has huge transaction costs and slow processing times. Bitcoin is not usable as a currency. You would be a fool to send money with bitcoin when you'd be earning miles with Visa.
Snowflakes are White stellar
@@JayChizza and...he was right
Who investigates JPChase Morgan?
Chase bank closed my savings account ( I ask why, they said "we don't have to tell you anything" . It seems like Chase doesn't want to give my money back..I never had problems with a bank until I opened savings account with Chase bank. I cannot figure out why .. Doesn't a person have right to know why Chase would close thier savings account, and suddenly decide they do not want to do business with them.
Get a lawyer they cant keep ypur money
There’re some other videos on TH-cam on people’s accounts being suddenly closed and “banned for life” and what happened next
This could be just a corporate $ scoop! Getting rid of small accounts? Knowing 20% of Chase Acct.'s won't fight it? That's profit $$$$ for them!
@@playmusicnet7347 That is not profit. That is stealing.
That's what lawsuits are for, my friend. That's what lawsuits are for.
Stop banking with these large banks. Go to a community credit union..
So you can't go to a gentleman's club and have girls giving you lap dances anymore. If you are buying firearms and ammunition Chase will shut you down fast, quick and in a hurry.
that is why I withdraw funds when I am going to the adult club or buying firearms and ammo.
Also the reason I closed my Bank America accounts after using them for decades....
Not so sure about that one. I bought a firearm using a Chase debit card. All five of my Chase accounts are still up and running.
@@SarahDigsHockeyit doesn’t happen consistently. One customer is fine and another gets hit.
A gun store owner told me that a lot of the big name banks decline transactions. Not always; randomly approve or decline.
Some of this is driven by government regulations, or by government overreach. (I used to work in a bank.)
Funny that they worry about money laundering.
Exactly....grrrr
Once again Sebby is dropping knowledge from the fine print INSIDE the banking industry. With friends in Banking and CC Merchant Services, any activity that is defined by them as "high risk" is just avoided by these industries. Your suggestion to use your less preferred banking accounts are obvious to me but others may be reasonably oblivious to them. Great new nuggets of information.
It’s better to have different cards with different banks. Your safe that way.
When did it become ok for a bank to dictate what you do with your money. Also, I have a question for anyone. So, are bank customers listed as depositors or share holders?
About the same time the employers stopped caring about you turning up on time and doing a good job and started worrying about what you did on your weekend 2 months ago when they weren't paying you and before you even started working the job i reckon.
these are rubbish reasons since you cannot do almost anything in the modern world without a bank account and since banks get government bailouts. randomly shut down account should not be
Dear lord it's none of their damn business where people's money come from you are a bank you keep my money and then shut the hell up... People breaking the law it's the police job and getting a court order to investigate... It's none of their damn business it's like me going to Ford car lot I'm buying a car and they also me if I'm going to use it to rob a bank... It's none of their damn business... Yikes man how did we get to this point in the world.
I would like to see them to shut me down. My mortgage is with them and no late payments for 12 years. If they want to give me a hard time and start shutting down my credit cards I would just refinance my mortgage with a competitor.
Yes. Get out while it is convenient to you.
Chase is very sensitive and will close all your accounts without telling you a specific reason. I believe the factor in my case just over 2 years ago, was filing a fraud dispute on a few charges that someone made on a bicycle website in Southern California. Shortly after, the case was closed in my favor, I went to use my new Chase Debit Card and it declined. They closed all my accounts and about 2 weeks later, I was mailed a check for my deposits. I opened a new account a few months later, however within six months, it also was closed suddenly.
1st shutdown seems unfair, especially given the case being closed in your favor.
2nd shutdown was likely a annual audit and closure based off a blacklist (my guess anyways).
Chase is still great in terms of Credit cards. They gave me the highest limits after I built my credit up. Discover was second place in terms of credit line. Anyhow, great videos! It’s priceless education for people. 👍🏼
Yoooo the same thing happened to me!! My card was stolen, I filed a claim, they refunded me and sent me a new card then I didn’t even get to use my new card and they closed my account ! They didn’t send me an email to let me know they were closing and haven’t gotten a letter in the mail.
OMG 😳 that' sad And scary
Feel for you
Chase is a Chinese run and operated bank. Different culture results in misinterpretation of rules. CHASE HAS RIGHT TO CLOSE AN ACCT BUT NO RIGHT TO KEEP PEOPLE'S MONEY. They do NOT quickly mail them a check, a person has to sue in a lot of cases. Refer to the couple in Mesa Arizona, Chase kept $40k of their money, as soon as they sued that's when Chase gave them back their money.
funny in most cases it is illegal to retaliate against litigation but the banks apparently get a free pass. Chase needs to go the way of the dinosaur - if their position is all their customers are guilty until proven innocent which seems to be the case.
I think it's time to close my chase account. There are many alternatives.
Leave chase to them self. I'm closing my account. Fire them first.
Save yourself close your chase accounts now... Hurry... Save yourself..
The lesson. Don't use Chase!
Why the heck would anybody go back and reapply for accounts with Chase? There are so many other options!
Exactly! I do not understand.
The best way to avoid chase from closing your accounts is not to do business or have any accounts with chase because they are a shady business and not worth wasting money and time on, which I don’t
Hold on. Suing someone else in power can get your bank account canceled?!? I will never use them seriously, outside of credit cards, if that is the case. Who a person sues has nothing to do with the bank, unless the person they are suing works for the bank.
Agent_WestCoast A In most states, the Attorney General is clearly an employee of the banks.
Don't do business with them, Banks once liked customers.
Close it out before they do.
I keep ZERO in the bank and don't own a credit card. I put in just enough cash to cover my debit card. You are safer hiding your cash in a mason jar buried in the yard.
It sounds like Chase is a good bank to stay away from. Unfortunately their popping up all over the place in my part of the country.
Chase closed my daughter’s account with no explanation they said they don’t want my daughter as a customer the kept her money the girl in customer service phone hang up the phone very rude she said is the right of chase they can do whatever they want and feel
Wish I would the seen this video previously! Chase closed THREE of my accounts w/no warning! I was devastated. How AWFUL. They drafted my ENTIRE BALANCE instead of the minimum payment which I signed up for automatically , so the payment was returned for my biz card. This resulted in a late payment- ALL my other accounts were drafting the minimum as agreed, zero lates- but they still closed ALL of my accounts. Ugh. Nightmare. :(
Did you end up solving your problem? I'm curious to know.
Thats cool. When chase begs for another bailout lets tell them that we would love to bail them out but unfortunately we have our hands tied and remind them how they ended our relationship.
If this is the way chase does business then I’m glad I don’t do business with them. What I do with my money or what my business is is none of thier business
My how times have changed. Chase is now the friendliest American bank for buy crypto thru Coinbase or Binance.Us…literally the friendliest. That’s probably because JP Morgan actively offers BTC to their high clientele lol
Chase shut down a retired couple’s account no reason and will not give them their $48000 will not give reason 3 months no money given now they have to sue. Chase stole the money!!
It all comes down to the Government "big brother" making banks do their work and watch your movements. All of those things you list is a way Government can not track what you are doing. Government makes Banks do it for them.
And don’t buy double breasted suits and fedoras through Chase; that looks like Mafia-wear and they will cancel you.
I avoided the problem by closing two accounts & two college accounts. Chase is a real POS. Stay away from Chase, Wells Fargo & B of A.
Step one: don't open a Chase account
So I understand that Chase can close your accounts due to the reason mentioned in the video, but do they every perform a financial review like American Express?
Chase closed my account because I don’t have enough credit history on my credit report ... I’m upset and never been late and great payment history
Try another bank, preferably a small community bank or TD bank.
screw chase bank one of the last banks I would deal with. WOW what a Free country we live in.. Everyone is watching you.
That is the stupidest sh*t I've ever heard when it comes to banks. They shouldn't have a right to do any of that stuff. Though I can understand a few things on your list; (within reason) They shouldn't be allowed to treat people that way. We have no rights these days. Banks just do whatever the hell they want. It is not "their" business what the hell you do (unless your breaking the law).
I figured out how not run in problems with chase!
Choose a credit union...
Why I didn’t see this. Waiting on the mail but I used Coinbase with chase. Closed all 3 credit cards. Trying to figure out my next step
I've used them too. So far they haven't closed my accounts. However, it wasn't a large amount that was purchased. I used my Chase account to purchase it over three years ago.
Hi Sebby, there are recently DPs that people have been shutdown for "too many accounts." It all starts when eyes are put on the account. Is there any risk for product change chase cards? or applying to new chase cards?
Product changes are fine. New accounts are the main issue. If you have more than 4 new accounts (or even inquiries) in the last 6 months, I would hold off on your Chase apps just to play it safe.
The reason I haven't done a video on this is because it's statistically insignificant and people have been getting reinstated by contacting the executive office. On a subreddit with 120,000 subs (and probably 100,000 to 500,000 lurkers), we have about 10 data points.
What I do with my money is
Is nobody's business
if I have the funds cash the checks
And stfu
I mean, first ask yourself why you would do business with Chase.
They are being told to do this by the American fascist superstate.
Wow. So unexpected but info rich. Sebby you're golden!
Bottom line. DO NOT USE CHASE BANK! Ever! For any reason! Walk away and don't give Chase a second thought, they are toxic to Conservatives! If you have a Chase account, CANCEL it NOW, and avoid the hassle later.
I plan to walk away as soon as my automobile is paid for….!
So what's the point of banking with them of you have walk on egg shells?
Well as of now any check deposited over the amount of $500 will be scrutinized and if theres is somehting they dont like, account will be closed
What? Explain...
This is one reason Cryptocurrency was invented. It is to bad that Crypto is not stable enough to keep all your money in. Still, We need a safe way to transact without fear of having our money held and our accounts terminated.
YEAH I HAD CHASE SHUT DOWN MY WAWA AND AMAZON CARD FOR NO APPARENT REASON. I WASN'T BEHIND, I PAID WHAT I NEEDED TO PAY, SO I'M LOST ON THAT ONE.... THAT WAS OVER 15 YEARS AGO. SO I'M THINKING OF APPLYING FOR CHASE FREEDOM... IS THAT A GOOD IDEA?
It's not any of their business how I spend my money.
Chase Bank do Care about you they will closed you account anytime .
You put your money in a Chase bank account? On purpose?
I love your channel. But does this mean Chase may close down my Sapphire accounts if I buy adult toys or subscriptions? *ASKING FOR A FRIEND*
Avoid Chase ... poor customer service.
Hell on Wheels I was shut down on 3 cards on the same day
I second that, they are terrible customer service.
They are freakin horrible! I wish karma would get them, closing my acc for suspicious activity when there’s none!
@@maskedranchu4448 lmao same told me they couldn’t disclose why and they would send a check with the remaining balance. My balance was .76 cents. I didn’t even have a lot of money in my account 😂
Don't do business with Chase. Period!
Chase is not the only bank. Other banks offer equivalent accounts without all of the hassle. Close your accounts and move to where you will be appreciated as a customer.
I do not have a chase account but my ex does. I have to deposit money into her account monthly but can use cash (thanks obama). So I have to deposit money orders. I guess I'm contributing to her bad rating in the eyes of chase. In other words, chase created a problem so they could have another problem.
There is a video of a woman whose Chase account was closed and she was banned for life. She did none of the “questionable” activities. They simply said it was because she had collected some unemployment. They said in order for her to get her $…about $3K, she has to prove it is rightfully hers. Forget she already did that with the state she lives in. Oh, btw, they told her she had to come into the bank. She said she lives in Hawaii and there isn’t a branch in Hawaii, to which she was asked when she was going to move back to he US!
Yup. Chase does whatever the hell they want. The gambling one is sooooo true. They shut down my account because I was making big deposits in cash and with check, closed my account, because I was a "risk".
Opened a credit card and a car loan with them last year, and was able to reopen a checking account. Will never use them anymore, for big cash deposits. Makes it easier to pay all my bills with that account, that's pretty much the benefit to having all accounts with chase.
ImmunityMuzik I recommend do all ur banking with Alliant credit union. They are the best. Lots of reviews online
Sounds like Chase is not a democracy!
Get rid of your Chase account first!!
Maybe move your money to a local credit union?
How to avoid??? Do as I did it until now and will continue using this very unique trick: NEVER OPEN AN ACCOUNT WITH THEM!!!
Jokes on Chase, I owe them money.
I've seen several posts where chase and wells Fargo are closing accts when people get back unemployment benefits or large social secutiry back pay that are electronically deposited saying it looks like a questionable deposit. What, it's electronic from the state?
Just done get Chase credit card!
Great video that not many people talk about it. Why don't you make a video of how people can become a Chase Private Client? Thanks Sebby!
th-cam.com/video/Bc_u1WAbJeM/w-d-xo.html
Move to a solid bank. Problem solved!
Paid off cards and canceled then first, next is refy or paying off my Mortgage. Screw all the big bail out banks, deal with small local branches.
You can avoid it by not banking with Chase .
Off topic but what is your opinion on opening lots of cash back cards to get that 100 to 150 bonus? I understand travel cards can offer more value but that is reliant on redemptions for biz or first class and that requires spending more than an entire sign up bonus on one round trip ticket.
If you factor in Chase 5/24 (which you really should) CSP, CSR, and Ink Preferred give 50k, 50k, and 80k respectively, or 180k points in total. This can be redeemed for $1,800 in cash, which probably beats most other options. Even if you wanted to redeem it for economy travel, you still get 1.5 CPP with the CSR, meaning you're getting $2,700 in flights, hotels, cruises, etc.
Hi Sebby, I found Chase cards to be most lucrative in terms of offers vs like Amex or Citi and it fits my travel goals. Is there financial risk Chase shutdown my cards if I apply a new card every 2 or 3 months? I have 1 card with chase for 10+ years.
You should be fine. You want Chase cards "first" anyways to optimize 5/24. Watch our video on that for more details.
Not that' 🤔 I know 😏 off
Most of the time the bank offers you
Add cards,..
Well you know what'
They Make 💰💵 of it
The More cards u. May have
As a fee.is. Usually charge ás u know.
Well that'. Was in my time.
Now it' is worst 😢
But I no longer have any
Data point for people paying two chase cards on same day. I was auto approved on two cards for 20k+, I asked them to lower to mid teens. Today I found out they lowered them to half that even due to an automatic review that occurs when people apply for multiple cards. So, if you don't want chase eyes on you spread out your apps.
Thanks for the DP :)
Same just happened
wasn't chase ship caught with tons of cocaine? or was that jpmorgan?
I own an online business and get paid by paypal. I transfer up to 2000 to 4000 weekly into my chase account. I withdraw that cash-money to buy more inventory every week. You got me a little worried here.
King Bladwin IV If it's something you've already been doing for awhile, I wouldn't worry about it. They're more concerned with big increases out of nowhere. Same thing applied for credit card spend ($10k month consistently vs. $100 a month and then $10k randomly).
Yeah, in that case PayPal uses ACH transfers which means PayPals bank submits the money to the federal reserve and then chase checks the federal reserve and sees a deposit from PayPal and PayPals bank and credits it into your account. I haven't been able to find any reports of shutdowns due to ACH deposits from services like PayPal as they usually see this and determine it as valid, plus the bank info is submitted as well, my credit union indicates PayPal deposits sometimes come from Wells Fargo, which means if they do suspect something they can follow the trail back up and track the money, if they ever have a reason to start an investigation.
Yeah overall you should be completely fine
Why isn't chase explaining this?
I was shut down today by chase!
All 3 of my accounts. So is it possible to do a dispute?
Tyler Johnson any feed back cause I just got mine suspended and they didn’t state why
@@etinjohn same..
Did you get all of your money back ?
Wow! If I have to avoid a shutdown then I'm not banking with them. That's a dangerous game
Chase has an auto kill for Bit-Coin.
Im retired and have my pension in a chase bank,but I draw from it in the Philippines and have told the bank of my intentions.
Me too, and since moving to the 🇵🇭 in 2016, I've never had a problem with Chase 👍
His comment on their reputation with the Government sounds about right. Time to shut everyone's bank account down if they don't comply with our new tyrannical laws.
I did none of those things and they closed my account.
they also can lower your credit limit because of high balance with other lenders!
That’s pretty standard for all lenders. The golden rule is bankers only lend to people that don’t need it.