Walking into big national banks like this is what really makes me miss my credit union.
I came in here for a simple check endorsement made out to both myself and Chase involving my mortgage and insurance company. Knowing that the tellers can't do this, I signed in to see a banker.
It took nearly 30 minutes to see one. Now my mortgage company usually allows for a 11-15 grace period on mortgage payments. She saw it as a month overdue (Good to know for the future) and refused to endorse the check without calling their "mortgage department" and had to ask for a supervisor. While I was waiting I promptly paid my mortgage on a mobile device
Now I don't hold it against the banker. No sense in her risking her job, and I get it. I also understand that maybe I shouldn't take advantage of the grace period so liberally.
What this does tell me however is that there is TOO MUCH RED TAPE in the national banking industry. No one is allowed to use their brain without consulting the master computer system. Endorsing the check was of no harm to Chase and its going directly back into the asset they are financing. Sheer insanity.
The one thing I LIKE about my chase mortgage is that I almost never have to see a person face to face. For an endorsement that should take 10-15 minutes max (taking an hour instead), I don't need their "people"
Not a chance I would ever open a personal account with these types of places if I can avoid it. Support your local financial institutions. read more