I woke up one day and my debit card was not working (little embarrassing after trying to put gas). When I called the bank I was told that they were closing my account because it was a risk to them.
I was told that I had 10 days to resolve the issue. Unfortunately, I still have a business to run and suppliers that needed to be paid. A week later, my account was "restricted" i cannot make deposits or withdrawals and the checks that still need payment won't be paid. In the other hand, they are still taking the direct deposits from my credit card merchant and they are definitely keeping my money.
They first told me I could go to the bank branch and withdrawal my money. When I got there they refused to give it to me. Now they are saying that I have to wait 10 days for them to mail me a check. In the meantime I still have to pay my suppliers and I still need to run my business with a huge deficit.
My business is small and I do not know if I can keep it afloat for weeks to come.
DO NOT BANK WITH CHASE! Unless this can happen to you!!
Product or Service Mentioned: Chase Bank Credit Card.