Chase UK discussion

[Deleted User]

It's called Agile - you launch a basic product (Minimum Viable Product) then build on it by incrementally adding more features. If it gets more developed then I think it directly compete with Monzo and Starling. 

WillPS

[Deleted User] said:

WillPS said:

[Deleted User] said:

I feel a bit deflated about this Chase bank offering. Given the money they have I can't see where it has gone advertising or feature wise. It has been a few months now and it's still a lacking account. When are they going to pull their finger out? ie direct debits, overdraft, credit cards.

It's been less than 2 months. You might need to be a bit more patient.

I am happy to wait, actually I have already told them in feedback that I can't use the account as my main one until they have the main features such as DD. I was just under the impression due to the size of the bank or backers of Chase UK the offering would be more on the ball. It is very possible they want to go very slow but it would be helpful for Chase to give an estimate. I just had this vision of Chase US being the same in the UK.

I'm not sure what gave you the impression it would be.

Being an old bank, I would imagine in common with the UK banks, the legacy infrastructure their US network runs on is not at all portable.

Far more sensible to start from scratch, build an MVP (with one of the qualifiers of that V being that it is lightweight, scalable and expandable) and build from there.

RN61

BarGin said:

Does anyone know if you pay for something using your debit card via PayPal you will receive the Cashback?

I can report that if you make a Friends and Family payment using Chase via PayPal you do not get 1% cashback. Same if you buy Premium Bonds. No 1% cashback in either circumstance if you go via Curve as well . Pretty much as the T&C say.

"Them at Chase are not as silly as they look!" 

Marchitiello

Some additional thoughts having used the Chase MasterCard Debit Card abroad for over a week: the cashback on forex spending at 1% is in itself a feature worth the account, at least for the first year. I already have a legacy MBNA Horizon Card (never open to applicant, simply a substitution products for the old MBNA airlines cards), with 0% forex and 0.5% cashback, but being a ViSA, I used to always prefer to use the Santander Zero MasterCard for foreign spending, but this Chase options (at least for the first year) is now the first choice (had to still use the Santander Zero for the Car Rental for obvious reason). 

cx6

Did you have to notify Chase that you were going to use it abroad? I suspect not, but would be useful to know

emmajones1976

cx6 said:

Did you have to notify Chase that you were going to use it abroad? I suspect not, but would be useful to know

I certainly didnt. I suspect you are at the mercy of their usual algorithm though, no different to if you suddenly try to spend £10k in one go in the UK somewhere.

anotheruser

Thrugelmir said:

Deleted_User said:

I feel a bit deflated about this Chase bank offering. Given the money they have I can't see where it has gone advertising or feature wise. It has been a few months now and it's still a lacking account. When are they going to pull their finger out? ie direct debits, overdraft, credit cards.

Scaling up takes considerable time.

Does it?
Or is that just what you think or assume?
Because unless you have facts to back up the words...  I guess you're not really in a position to make such a statement.

Daliah

Daliah said:

Is there any way, other than in the statements, to see my balance against each of the outgoing and incoming transactions?

I suppose the answer must be no, as nobody has found a way, and I can't find one myself.

Marchitiello

cx6 said:

Did you have to notify Chase that you were going to use it abroad? I suspect not, but would be useful to know

No, I did not but to be fair it has been years since I have done it with any of my bank or credit cards. 

What has however happened is that I tried to circle through my Full Salary for the first time and whilst the money came in fine, the outwards payment got stopped for checks, as it was an “unusual amount” .. before that I had transferred in and out around various amounts up to £750 with no issue. Just to explain this further, it was not one of those payments completely stopped which had to be completely redone after completing Security checks, but instead the money left my account and got held by Chase, and released after completing the checks. 

Daliah

Anyone else had this text from Chase today?

_____________

-——————

My email address registered with Chase is correct

Annoyingly, I cannot respond to the text