Why chase bank is bad

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Digital Leader. Large Branch Network. If you like having quick access to branches and ATMs — and you live where the bank operates — Chase is an obvious choice. With a massive branch network and highly-rated digital products, Chase is often viewed as the country's signature banking institution.

Avoiding fees at Chase is relatively easy, especially with a direct deposit into its Chase Total Checking. Chase is known to reward new customers with bonuses for opening an account at Chase. It might seem like Chase is everywhere, but it only has locations in 38 states, a state increase from The Chase Savings account offers a little bit of interest. All balances receive the same APY. Before opening a Chase account, make sure to look for bonus offers.

Taking advantage of these can help make a checking account worthwhile. Chase often has offers to earn a bonus for opening a new savings account. Chase has the second-most branches in the U.

If you accept one of these new account bonuses and close the account within six months, the bonus amount will be deducted when the account is closed. Other savings accounts, especially at online banks, pay higher yields. Customers must take many steps to earn the premier relationship APY, which is relatively low. Cons High monthly fees and low interest rates. Low rates on CDs. Full review. Monthly Fee. Chase CD. How does Chase compare?

APY 0. NerdWallet rating NerdWallet's ratings are determined by our editorial team. Sign up for our daily Hive newsletter and never miss a story. The First Daughter claims she turned down the gig because she was happy at the White House. By Bess Levin. The JPMorgan C. By Vanity Fair. Twitter content View on Twitter. Wall Street Journal: Are you a sexist? More Great Stories from Vanity Fair.

Bess Levin is a politics correspondent at Vanity Fair. Called customer services Almost 2 hours wait and no one answered. Received letter from Chase stating account is blocked because of recent activity, and further information requested was not provided.

I was totally shocked! There is a need of coaching or information centered trainings to help employers be more efficient.

Sincerely, I had higher expectations about Chase but not coming back for sure. Consequently, I called again and waited for another 45 minutes and I have screenshots about both calls, unsuccessful outcome. Again, I was told to go back again to present an alternate form of identification when my drivers license from the state, unexpired was presented to the bank representative at the time of the address mailing changes.

Unfortunately, not re-opening or going for the 3rd time in a 5 days time frame period to have to face more challenging unpleasant experiences. Have the cards in my hands, unable to activate them, need to re-open and go through the same process again, customer service long wait, poor customer service and to conclude the fraud department specialist hung up the phone disrespectfully because I tried to obtain information about reporting the situation and filing a formal complaint about the situation.

So disappointing about Chase, I definitely had higher expectations from this institution. Chase Bank offers many financial services. There are a few things to consider before deciding if Chase Bank is right for you, however. JPM , a major global financial services firm. Highly ranked: According to their website, Chase has received numerous awards and recognition for its products and services. Digital banking: Chase is at the forefront of electronic banking, including mobile and online banking, e-pay and account alerts.

Financing options: With everything from student loans to home equity lines of credit, Chase Bank has the financing options for students, military, home buyers and business owners as well as typical consumers. Account rewards: Chase products may include special rewards and promotions.

Chase offers a variety of checking and savings accounts for retail customers, including free, no-fee options and interest-earning accounts. Friedberg taught Finance and Investments at several universities. Her work has been featured in U.

Finance and many more publications. Sign up to receive our free weekly newsletter. We value your privacy. Unsubscribe easily. Are you this business? Save Saved. Live agent Are you this business? About Chase Bank. Overall Satisfaction Rating 5 stars. How do I know I can trust these reviews about Chase?