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daveymc29 · 10-09-2018, 10:48 PM

From the "Ace Banker" Beware out there. Over a year ago I opened a checking acct. with Chase bank to hold money that I receive from Amazon for sale or a book I wrote. It is a small account that I have never written a check on and it had a balance of approximately 5600 dollars in it. A month ago we noticed that there had been a charge of roughly $6.00 made on the account and didn't really do anything about it other than I went to my local branch and asked to speak with someone about it and was told their computers were down. I went home and essentially forgot about it.
Toward the end of September we got our next statement and now there were charges of about $3000 deducted. I went back to the local branch and was informed that I should not be concerned as since I didn't make the transaction Chase would take care of it. Then I was told to see an investigator in another branch in town. I went there and was happily informed that I had no problems that they couldn't resolve. Next couple of days I received emails telling me that the bank was crediting my account with some small amounts that had been charged but that there were some large amounts that they would not be able to cover because the disputed withdrawals had been made by people that had made illegal withdrawals as far back as May, which put the crime outside of the 60 day limit that the bank covers. I pointed out that those big withdrawals had been within about the last 30 days or less. The banker informed me that back in May there had been a similar withdrawal for about four cents and that made these other withdrawals all fall under that crime as being in the starting date of my 60 day covered period. This seems entirely illogical to me but the banker told me it is in the disclosures (fine print) besides being Federal Law. So the gist is I'm out the large amounts yet the bank will cover a couple of things that amount to about $400.00 that transpired approximately the same time frame. Doesn't seem right and if that truly is the law it needs to be changed. I am lucky I don't have to live off that account or I'd be ready to go steal a shopping cart and we'd join others living under an overpass. At 82 years of age I don't need this to worry about along with the vagaries of family and health problems.
"Ace Banker"
David Mc Arthur

10-09-2018, 10:48 PM	#3
daveymc29 Senior Member Join Date: Sep 2010 Location: Danville, CA Posts: 1,554	Re: Buyer Beware From the "Ace Banker" Beware out there. Over a year ago I opened a checking acct. with Chase bank to hold money that I receive from Amazon for sale or a book I wrote. It is a small account that I have never written a check on and it had a balance of approximately 5600 dollars in it. A month ago we noticed that there had been a charge of roughly $6.00 made on the account and didn't really do anything about it other than I went to my local branch and asked to speak with someone about it and was told their computers were down. I went home and essentially forgot about it. Toward the end of September we got our next statement and now there were charges of about $3000 deducted. I went back to the local branch and was informed that I should not be concerned as since I didn't make the transaction Chase would take care of it. Then I was told to see an investigator in another branch in town. I went there and was happily informed that I had no problems that they couldn't resolve. Next couple of days I received emails telling me that the bank was crediting my account with some small amounts that had been charged but that there were some large amounts that they would not be able to cover because the disputed withdrawals had been made by people that had made illegal withdrawals as far back as May, which put the crime outside of the 60 day limit that the bank covers. I pointed out that those big withdrawals had been within about the last 30 days or less. The banker informed me that back in May there had been a similar withdrawal for about four cents and that made these other withdrawals all fall under that crime as being in the starting date of my 60 day covered period. This seems entirely illogical to me but the banker told me it is in the disclosures (fine print) besides being Federal Law. So the gist is I'm out the large amounts yet the bank will cover a couple of things that amount to about $400.00 that transpired approximately the same time frame. Doesn't seem right and if that truly is the law it needs to be changed. I am lucky I don't have to live off that account or I'd be ready to go steal a shopping cart and we'd join others living under an overpass. At 82 years of age I don't need this to worry about along with the vagaries of family and health problems. "Ace Banker" David Mc Arthur