Chase Bank Account

petitedejeuner

Have a Chase Bank account for about a year and all seemed well until a friend sent me £30 from her business account. The money was held up until I explained what is was and from who. After a day nothing so telephoned as messaging is just digital. It appears that my friend and I were obviously suspects in an international laundering scam using £30 (thirty) as an initial payment. I finally got the payment 4 days later after profuse apologies but I was not pleased. It wasn't critical to me but I did not like the idea of randomly stopping receipts and then several days delay after an explanation. I am currently in the process of switching to another bank.

flaneurs_lobster

I'd be asking my friend who else she has been doing business with via that account (or indeed via her personal account).

Nasqueron

https://forums.moneysavingexpert.com/discussion/6688989/chase-bank-account

This can / will happen at any bank you switch to due to their money laundering/KYC rules

tom192

Just be aware if you leave Chase you can never go back to them (appreciate you may not currently be bothered) but just something to consider as it's specific in their conditions.

Agree this could have happened with any bank

Archergirl

I'd be pleased they are checking random things.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82189680#Comment_82189680

Why would you be pleased and why do you think these checks are random?

Chief_of_Staffy

https://forums.moneysavingexpert.com/discussion/comment/82189680#Comment_82189680

Why would you be pleased about that?

friolento

https://forums.moneysavingexpert.com/discussion/comment/82189920#Comment_82189920

A bank who doesn't do random checks would be a fraudsters paradise, for obvious reasons. We should naturally be pleased that random checks will contribute to the vast majority of customers enjoying uninterrupted banking services.

Chief_of_Staffy

https://forums.moneysavingexpert.com/discussion/comment/82190056#Comment_82190056

Those reasons aren't obvious to me (a bit like saying that unless the police randomly arrest people the country would become a paradise for criminals). Perhaps you could list a few.