Chase bank

hollypdog1

I'm just after some assurance from users of Chase Bank before I transfer my savings across. I've set up an account and am just a bit nervous.  Are they reputable and has anyone been with them long term. 
My bank didn't recognise them as a payee when I went to set them up for a transfer. Many thanks. 

eskbanker

hollypdog1 said:

has anyone been with them long term

Not in the UK, no, they've only operated here since last year.

hollypdog1 said:

My bank didn't recognise them as a payee when I went to set them up for a transfer. Many thanks. 

Same for everyone, they haven't implemented Confirmation of Payee.

See all the other Chase threads for stories of experiences so far....

macman

Since they started trading in the US in 1799, I think it's safe to assume that if they weren't reputable, they would have been found out by now...
The UK operation has the same £85K protection as anyone else trading with a UK banking licence.

Daliah

For future reference; your bank recognising a sort code and account number says nothing about the reputation or stability etc of the bank the sort code belongs to. It merely says they are partaking in the Confirmation Of Payee process, and that the account number exists for the name you typed.

penners324

My bank has issues with the Chase Savings account details and rejected any attempt to pay into it. However, payments to the Chase current account work properly 

mattywallace121

Being nervous and then asking random strangers on the internet for their opinion?

hollypdog1

Thanks for your help. Thought that's what forums were for. Advice and reassurance

hollypdog1

penners324 said:

My bank has issues with the Chase Savings account details and rejected any attempt to pay into it. However, payments to the Chase current account work properly 

Thank you.  That's helpful

hollypdog1

eskbanker said:

hollypdog1 said:

has anyone been with them long term

Not in the UK, no, they've only operated here since last year.

hollypdog1 said:

My bank didn't recognise them as a payee when I went to set them up for a transfer. Many thanks. 

Same for everyone, they haven't implemented Confirmation of Payee.

See all the other Chase threads for stories of experiences so far....

Thank you. New to the forum. Just found the threads.  

Daliah

penners324 said:

My bank has issues with the Chase Savings account details and rejected any attempt to pay into it. However, payments to the Chase current account work properly 

As above, it is the same for everyone, they haven't implemented Confirmation of Payee (COP). 

All COP participants allow you to override the COP check, so payments to the Chase UK accounts can be made from any UK current account.

Stubod

..just tried to open an account with them via mobile. It asks fro a Social security no. Tried to enter my NI instead but it won't accept letters. Tried to enter DOB but it takes you straight to todays callendar and I can't be assed to trawl back every monthe for the last 60 odd years....think I will give it a miss untill they sort the app out.....unless I am missing something?