I know Chase is a strong Bank, however I was really disappointed during a recent Transaction with them a few days back.
I was going to my own Bank to make my afternoon deposit, I asked one of my employees to keep an eye on the phones for me while I was gone. When I told her I was going to the bank she looked at me disappointed and told me that her account was over-drawn and she wouldn't be able to get to her bank (Chase) because she had a Client that would keep her until after her bank closed, and she knew Chase would return her check and charge her an overdraft fee if the deposit wasn't made.
I informed my employee that I would be more than happy to drop off her deposit for her on my way to my own bank. She ran and got me one of her deposit slip with her name, account number on it filled it out and handed me $70.00 in Cash to put in her account and was appreciative that I would do this favor for her. (hey we have to watch out for each other, right!)
I went to Chase, stood in line behind 7 people and waited for my turn with the Teller. When I got to the window I handed her (the teller) my employees deposit slip and the $70.00 in cash to the Teller, her response was ( are you a signer on this account?)
and my answer was, No I'm just making the deposit for one of my girls.
The Teller then informed me that they could not except the cash unless I was a signer on the account. WHAT! a bank that doesn't take cash?
I explained to the teller that my employee could not make it to the bank because of appointments and had asked me to drop off the deposit for her because she was going to be overdrawn if it didn't get in there that day.
The Tellers response was yeah, I see that but, unfortunately we can't except cash unless your the signer on the account , sorry.
Are you serious? it's only $70.00!
I asked to talk with the Manager and then waited another 5 minutes for her to come to the window, when she arrived I explained the entire story to her and she gave me the same answer and informed me the policy was to protect their Clients from fraud.
Again I informed the manager that the account was going to be over-drawn if the deposit wasn't made and my employee would incur a n overdraft fee if the deposit wasn't excepted. And asked her for an exception. (again it's only $70.00)
Her response again was fraud, counterfeit, and to protect her clients account.
Needless to say the deposit wasn't excepted, my employees account was charge an overdraft fee, her item was returned and a fee was incurred from the other bank, and my employee, while trying to be responsible suffered $50.00 in additional expense, because of a teller and a Bank Manager could not interpret a simple policy or situation and do what right!
The loser in this situation was the person they claim they were trying to protect, Their Client! read more