- Centurion Member
- Posts: 508
- Joined: Tue Aug 13, 2013 10:04 pm
- Location: ca
I believe banks like most non-profit businesses, have a right to terminate relations as long as their reasoning doesn't go against a regulation.
Funny you mention writing to stump, his son works at chase, it truly is a small world
May I ask how much your credit limit was with the Chase card, how much of that was available and how much is actually available for a convenience check (often the figure they say is available for cash advance but not 100% definitive)
Chances are, that check deposited didn't go through, if the amount is high, because there isn't enough to take out, and got returned.
To close/freeze the account seems a bit extreme, and I would fight for it, especially if it ends up with them placing you on a chexsystem
Checks deposited in ATM, IMHO, gets looked a bit more hard then when passed through the teller line, also if anything, the teller gets dinged on it more then you, because they're suppose to make sure it gets processed properly--if it isn't properly endorsed, payee is wrong or not acceptable, amount differs, etc etcetera, falls on them
If done on the ATM, it's up to you to make sure that the check is good
Which, for that, I don't understand why they went through that extreme..most people don't know that they can't write the full amount of CL available on their cc when it comes to convenience checks, kind of like how they don't know there is a %fee associated with it, because people tend to not read every single tiny word written on those offers