Chase Bank Story time -

We sold our company in 2020. Anticipating the wire I decided I needed to upgrade to a big boy bank from my small regional bank that I've been using since I was 16.

What finer institution is there than J.P. Morgan Chase? I opened an account with them. I called them telling them there was going to be a larger than average transfer. I put in $500 to "warm up" the account (stupid in retrospect).

Acquisition goes through. Champagne for everyone. I try to login to look at the funds and my account has been closed. I call Chase and ask them "wtf?"

They say there's been fraud in the account. We've closed it. We will mail the check to your address. So I'm thinking they're going to mail me my acquisition funds over check?? FML. 24 agonizing hours and 10 calls to them later (all leading nowhere), I eventually got the funds to be wired to my original regional bank lmao. No thanks to Chase, this was all because of PNC who was in charge of the acquisition.

This is probably my fault for using a new account like this (I think someone told me to use a large bank or something I don't remember), but I will forever hold a grudge against Chase.

P.S. I never got back my $500 that they stole from me

File a CFPB complaint!