Several months ago I started up an account with Chase, aka BankOne. All I wanted was a savings account but I let them talk me into getting both savings and checking since they said it came with overdraft protection which would send money from one account to another if needed. I questioned them on it and read the contract carefully to make sure I wasn't getting tricked. I signed up and they gave me an envelope on account info which I never got around to opening.

I ended up writing 3 checks. The first passed. The second didn't have enough money by a few dollars and they charged a $30 overdraft fee. Long story short, I ended up having a $6 negative balance in the checking account and though there was over $60 in the savings they wouldn't transfer any over to cover it and kept charging $5 a day for the checking. Apparently they don't have to tell you that overdraft doesn't cover fees, only original checks for sending money over. And the info wasn't in anything I signed or was told, it was in that rotten envelope I was given, which apparently is legal.

Because of that $6 negative amount in the checking (even though I had $60 in the savings and put in another $40 to the savings) it spiraled into a $300 debt that wiped out my savings and put me in debt. Then I had to pay off the debt, plus they refused to close the account for a few days until verifying it was closed, during which they continued to charge me $5 a day and a closing account fee.

Because of this, I probably won't even try banking for a while, and when I do, will stick only to savings accounts. In my time trying to submit an article to the Chicago Tribune on it I came across other articles by people angry at Chase as well.

My advice to you - Stay As Far Away As Possible From Chase/BankOne As You Can.

Also, be leery of anything offering you overdraft protection. It could be simple scam material.

 

 

 

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i have a chase acount and have no problems with it ever. sounds to me it's YOUR mistake and not theirs. and sounds to me that you need to stop writing bad checks no matter WHAT they told you. don't ever write anything eover what you have in your account so you don't have to blame others for your own mistakes. be responsible and this would not have been an issue

now as a side note, i would have talked to them rational. i've dealt with this situation before with other people and the bank is usually willing to offest half the costs that occured over a misunderstanding in order to keep your business....probably hoping you write more bad checks so they can charge you an extra $200 but i woulda been professional about it and acted stupid and talked to a supervisor to view your whole month transactions and credit you rather than act overly emotional where they would rather not work with you

your post is overly emotional and subjective. again, i have a chase account and been making my payments on time and i have never run in to a problem like this. stop giving businesses a bad name because of your own mistakes

 

 

 

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My "bad check" missed only by a few dollars. I don't think you know me very well though. Just because I write "emotional" in no way means I act it In fact, I'm one of the most rational, calm and collected people you'll ever meet, a guarantee I feel quite safe in making. I simply presented the matter and closed my account out, determining never to go there again, simple. Maybe I do have a problem of blaming and I'll look to it, but I'd kindly suggest you examine your own motivations for writing up that post.

Still, if you don't want to listen to me about the bank, that's fine with me. People always tend to learn hard lessons the best when it's personal experience for some reason.

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