The Spectre of Math

May 27, 2010

Never use Chase bank!

Filed under: Personal — jlebl @ 9:49 pm

So I just found out that Chase has just subtracted another monthly payment from my checking account for a car loan that was paid off two months ago. Apparently, once you set up automatic payments, they are impossible to cancel. Also now the account is dead so I cannot access it and they said they can’t cancel payments either. I didn’t quite understand when they will give us back our money. I went to my bank and they said it’s not possible to block future payments to chase without a stop payment fee.

I did cancel the automatic payments (I don’t understand why you need to do that since the account is paid off) when the account was paid off. But that only canceled the April payment and not the May payment, and apparently now they will keep taking our money.

So the lesson is: never, ever, use chase as your bank, including for a loan. In case it is chase that does your auto (or some other) loan, make sure to never give them your account information to set up automatic payment. Perhaps it’s easier to just not get a loan with chase.

This follows their earlier nonsense of taking out more than the payoff amount on the last payment and then having to give us back a check for the difference.

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3 Comments »

  1. [...] is so stupid of Chase I am laughing out loud.  A Chase customer set up automatic payments for their car loan, but when the car loan was fully paid off, they found [...]

    Pingback by Chase-Sucks.org » Impossible to stop Chase automatic payments — June 4, 2010 @ 4:45 pm | Reply

  2. checking accounts are very convenient for business transactions that is why i have it*;,

    Comment by Marine Paint : — October 27, 2010 @ 7:05 pm | Reply

    • yeah, but there are other banks with other checking accounts that perhaps don’t keep taking your money after you’ve finished paying something off. My point is not that checking accounts are bad. My point was simply that Chase was being retarded in the way it works. I have several checking accounts, and have used automatic payments many times. I’m just suggesting it may be better to avoid doing either at Chase.

      Comment by jlebl — October 28, 2010 @ 12:26 am | Reply


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