It happened to me again today. Chase bank acted like Chase Bank. Shouldn't have been any surprise to me though, they do this all the time. There is well over $400 in my bank account because I made a deposit today at the branch, but I picked my girlfriend up from work and we went to Mc. Donalds and spent $15, and my debit card declined it. I had no cash on me. I went across the street to the chase ATM, and the ATM declined the transaction when I tried to get $20 out.
I guess they put a 7 day hold on the deposit I made today. I deposited a MONEY ORDER. A MONEY ORDER is guranteed to have funds, and if there was any question they could have just looked at the money gram circle when it turned white when they rubbed it. Bunch of bull hockey if you ask me.
Like I said earlier though, this is far from the first time this has happened to me. I made a deposit of my Mutual Fund Cash Out Check at the ATM a couple of months ago, and I assumed the money would be in my account the next business day, so I wrote checks against it. It turned out that Chase put a 17- day hold on the check, every single one of the checks bounced, and I am still dealing with the repercussions of that event. I am not allowed to write checks to my cable company or Wal-Mart anymore because their checks bounced.
I contacted the Better Business Bureau over that issue, and they were very quick to fix it after that, and I made them refund my NSF fees, but they didn't pay me back a cent more. I ended up still having to pay well over $100 worth of dishonored check fees to the various merchants who recieved the checks that bounced.
I had contacted a lawyer about that incident and I was planning on filing a lawsuit against Chase for that incident, but I decided against it. This time is different though. I am contacting the Better Business Bureau, again, and I do plan on filing a lawsuit against Chase. It should go without saying that I'm cancelling my bank account with them too.
If you know of ANYONE who currently banks with chase, or is considering banking with them, tell them DON'T DO IT!!! Chase will screw you over quicker than you can say boo.
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