Chase UK discussion

sheffieldeagle

Its_just_Barry said:

Has anyone had any issues with Direct Debits with Chase? Do you see what’s coming out in advance? Thinking of moving my DD over to Chase.

Thank you in advance

I've got a couple of DD on my second account and yes they give advanced notifications. 

wiseonesomeofthetime

Its_just_Barry said:

Has anyone had any issues with Direct Debits with Chase? Do you see what’s coming out in advance? Thinking of moving my DD over to Chase.

Thank you in advance

Ah, the original poster of this thread.

Welcome back, sir. It's been a while (two years)

Its_just_Barry

wiseonesomeofthetime said:

Its_just_Barry said:

Has anyone had any issues with Direct Debits with Chase? Do you see what’s coming out in advance? Thinking of moving my DD over to Chase.

Thank you in advance

Ah, the original poster of this thread.

Welcome back, sir. It's been a while (two years)

Thank you 🙏

😯 That long?!, geez, where has the time went. 

Wheres_My_Cashback

No probs with DDs but do have with SOs

Chase have started to use COP and because of this all the names on my scheduled payments have now changed to my own name rather than the set up name of where those payment were going.

Zopa_Trooper

Does anybody know what happens if you spend money on your debit card, receive the 1% back, move the reward to your current account, then send the purchase back with the cost refunded to your account? 

ColdIron

All my refunds have had cashback deducted from the rewards account. No idea what happens with a zero balance

wmb194

ColdIron said:

All my refunds have had cashback deducted from the rewards account. No idea what happens with a zero balance

Following a refund a year or so ago I saw my rewards account go negative. However, a recent refund wasn't deducted from my rewards balance when it was zero.

la531983

Deleted as I am an idiot. 

km1500

Chase UK aims for profit in 2025 as digital bank grows 'rapidly'

Chase UK could start becoming profitable as soon as next year, as the bank is striving to be a “major player” in Britain as people hunt for better returns on their savings.

The digital bank, owned by US giant JP Morgan, has amassed more than two million customers since launching in Britain in 2021 and manages around £15billion in deposits.

Managing director Shaun Port told the PA news agency that the UK spin-off is growing quickly and could begin to be profitable from 2025.

It comes after JP Morgan’s president Daniel Pinto revealed in November that he expects the UK consumer bank to break even in the next 12 to 18 months, at least two years earlier than previously expected.

JP Morgan had warned that losses from the UK digital bank would be about $450million (£352million) in 2022, and estimated a similar amount for the following years until it begins to generate an income.

Mr Port told PA: “We’ve been building the bank rapidly, so we believe that we can bring the UK business to profitability in 2025.

“We want to be a major player in the UK banking scene, and to do that, we obviously need to make banking with Chase compelling.”

Dandytf

I intend to restart using Chase, I had been deterred when I never seen Contactless Payments working.