Chase Checking Denial

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mountaindewvoltage
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Chase Checking Denial

Postby mountaindewvoltage » Wed Feb 01, 2017 1:00 am

What a bunch of dick weeds, and I should've asked them about this before. Chase is the ONLY bank that will not extend a checking account to me whenever I apply on the internet. I have a hunch this has something to do with me having a checking account with them before.

Not to confuse having a checking account with anything bad... I had a checking account with them about three years ago and they closed it after a month or two with no explanation. I'm pretty sure I don't owe them money and I've never even done as much as overdraft or bounce a check with them. I believe they simply closed the account because I barely used it.

Anyone have a hunch on why they wouldn't extend me a checking account? I reached out to their support team on Twitter and they should be live again around 7 am.


Tubpbs
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Re: Chase Checking Denial

Postby Tubpbs » Wed Feb 01, 2017 7:38 pm

Chex systems or whatever it is called is most likely the reason for the denial... if you've ever owed a bank money for an extended period of time or something along those lines it would be on there and other banks often refuse to open an account based on info in the report.
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mountaindewvoltage
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Re: Chase Checking Denial

Postby mountaindewvoltage » Wed Feb 01, 2017 10:22 pm

Tubpbs wrote:Chex systems or whatever it is called is most likely the reason for the denial... if you've ever owed a bank money for an extended period of time or something along those lines it would be on there and other banks often refuse to open an account based on info in the report.


I just said every other bank will give me a checking account.

Tubpbs
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Re: Chase Checking Denial

Postby Tubpbs » Thu Feb 02, 2017 4:54 pm

mountaindewvoltage wrote:
Tubpbs wrote:Chex systems or whatever it is called is most likely the reason for the denial... if you've ever owed a bank money for an extended period of time or something along those lines it would be on there and other banks often refuse to open an account based on info in the report.


I just said every other bank will give me a checking account.


That doesn't mean there's not something on your Chex systems. Some banks don't care. Some banks might not care once it's a certain age. Who knows. I know you didn't open a checking account at every bank in the country... If they're denying you for a checking account there is something going on. You should look into it. It could be an identity theft problem. It could be something you already know about...I certainly don't know. I do know that Chase is in the business of demand deposit accounts and they're not denying someone the right to open it for no good reason...
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CarefulBuilder14
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Re: Chase Checking Denial

Postby CarefulBuilder14 » Thu Feb 02, 2017 5:17 pm

What about new checking account activity? I don't know much about Chex, but I think banks can see (or make a reasonable guess) about the number of new checking accounts a person is opening. Is that right?
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mountaindewvoltage
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Re: Chase Checking Denial

Postby mountaindewvoltage » Thu Feb 02, 2017 10:20 pm

Tubpbs wrote:
mountaindewvoltage wrote:
Tubpbs wrote:Chex systems or whatever it is called is most likely the reason for the denial... if you've ever owed a bank money for an extended period of time or something along those lines it would be on there and other banks often refuse to open an account based on info in the report.


I just said every other bank will give me a checking account.


That doesn't mean there's not something on your Chex systems. Some banks don't care. Some banks might not care once it's a certain age. Who knows. I know you didn't open a checking account at every bank in the country... If they're denying you for a checking account there is something going on. You should look into it. It could be an identity theft problem. It could be something you already know about...I certainly don't know. I do know that Chase is in the business of demand deposit accounts and they're not denying someone the right to open it for no good reason...


I called Chase today, I don't owe them money. I don't owe any bank money, never have.

mountaindewvoltage
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Re: Chase Checking Denial

Postby mountaindewvoltage » Fri Feb 03, 2017 8:41 pm

CarefulBuilder14 wrote:What about new checking account activity? I don't know much about Chex, but I think banks can see (or make a reasonable guess) about the number of new checking accounts a person is opening. Is that right?


Could be true but I don't really see why Chase would care how many checking accounts I have, as long as they're maintained responsibly. If I don't maintain their minimum requirements I'm charged a $12/fee, or if I don't get charged that fee I'm keeping $1,500 in there at all times or having $500 a month in deposits put in the account... I don't see how it's a risk or a bad deal for them.

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CarefulBuilder14
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Re: Chase Checking Denial

Postby CarefulBuilder14 » Sat Feb 04, 2017 1:45 pm

mountaindewvoltage wrote:
CarefulBuilder14 wrote:What about new checking account activity? I don't know much about Chex, but I think banks can see (or make a reasonable guess) about the number of new checking accounts a person is opening. Is that right?


Could be true but I don't really see why Chase would care how many checking accounts I have, as long as they're maintained responsibly. If I don't maintain their minimum requirements I'm charged a $12/fee, or if I don't get charged that fee I'm keeping $1,500 in there at all times or having $500 a month in deposits put in the account... I don't see how it's a risk or a bad deal for them.

Maybe they associate opening a lot of checking accounts in a short period of time with an increased risk of check fraud.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
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mountaindewvoltage
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Re: Chase Checking Denial

Postby mountaindewvoltage » Sat Feb 04, 2017 2:42 pm

CarefulBuilder14 wrote:
mountaindewvoltage wrote:
CarefulBuilder14 wrote:What about new checking account activity? I don't know much about Chex, but I think banks can see (or make a reasonable guess) about the number of new checking accounts a person is opening. Is that right?


Could be true but I don't really see why Chase would care how many checking accounts I have, as long as they're maintained responsibly. If I don't maintain their minimum requirements I'm charged a $12/fee, or if I don't get charged that fee I'm keeping $1,500 in there at all times or having $500 a month in deposits put in the account... I don't see how it's a risk or a bad deal for them.

Maybe they associate opening a lot of checking accounts in a short period of time with an increased risk of check fraud.


Maybe, the funny part is they just approved me for a Chase CC for $3,000 so maybe they do want to associate with me in one way or another after all.

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CarefulBuilder14
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Re: Chase Checking Denial

Postby CarefulBuilder14 » Sat Feb 04, 2017 3:33 pm

mountaindewvoltage wrote:
CarefulBuilder14 wrote:Maybe they associate opening a lot of checking accounts in a short period of time with an increased risk of check fraud.


Maybe, the funny part is they just approved me for a Chase CC for $3,000 so maybe they do want to associate with me in one way or another after all.

Amazon? Or something else?
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card



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