JP Morgan Chase Bank, Unscrupulous, Deceptive Bank Collection Practices New York, Nationwide

Coast Is nothing but a "PIG" he Is "SCUM" he,  thinks he "KNOWS" everything.  So he can put others down.  He Is more of a dimwit people have to,  put up with assholes like him when they file a complaint on this site.

But he Is making himself look like an a*s.  What he says about me don't affect me what so ever.

MovingForward is correct. The bank exercised the right to offset. Check your account agreement. It says that the bank can take money from one account to cover a deficiency in another. Let's say you had a credit card and the balance was overdue. The bank could then take the money from your checking account. Or let's say that your spouse had overdrawn his or her account, the same rule applies.


Normally I oppose the right to offset because it can cause someone to overdraw their account without knowing it. However I have no sympathy in this case. Here's why:

The OP must have known about the $2,000 transaction for the business account. OP closes the business account with the intention to file bankruptcy later. OP does nothing for over two weeks and then gets a call from the bank about the negative balance. After the phone call the OP decides to go close the personal account (note that the OP did nothing for two weeks but then goes to close the account after the call.) Then the OP gets upset when the bank took the money to cover his/her transaction.

I won't pretend to know what the OP was planning to do but a person could look at the story and conclude that somebody might have tried to close the account before the transaction hit. One might also conclude that when this didn't work somebody might have tried to close the personal account before the bank seized any assets.

Hopefully the OP wasn't trying to do anything like that. That would have been immoral and unscrupulous.

Charles, You called ME a moron? You don't even know the difference between there, their and they're. Your sloppy language skills and inability to use commas and periods make it clear who the moron really is. Go back to the fifth grade and try again.

When you opened your accounts you were provided a booklet detailing fees and disclosures. One of the disclosures that is frequently missed is the Right of Setoff.

For all deposit accounts you have, including your business account, within the same institution the bank can offset any outstanding debit or charge without having to take you to court and obtain a judgment. So if you have a Chase banking account and Chase overdrafts or charges, Chase can take from any of your accounts to satisfy the outstanding charge that you said you were not going to pay. Search for the term: Right of Setoff to get an accurate idea.

Everyone that has deposit accounts and debits or charges with the same institution is subject to this Right of Setoff. You are notified right in the beginning about this right AND the fact that no prior notice need to be given to you to exercise this right.

As to your not being aware of a $2000 check you wrote just before closing your account, I don't understand how you did not know what was paid or not prior to your closing the account. You are a business person and you know that the check you wrote is not pending until it is presented to the bank for payment. You would be the person that knows your check is outstanding before Chase would know. Didn't you notice an additional $2000 in your balance when you closed the account? Chase clears pending charges quickly, usually within 24 hours. So I am having a hard time buying that your $2000 check was presented two days prior AND WAS STILL PENDING prior to you closing your account and you not noticing the extra $2k in your balance. It seems unlikely.

Just ignore these bank defenders consumers do have rights people like the above moron want to put people down Its there goal to make you life unhappy and miserable they think there financial secure.  These people are just plain a*****e.

They love to make fun of people & there hardtimes.  Because they think they have no problems & they have all the $ In the world.  These people think nothing bad will ever happen to them.  So they abuse the rest of us.

A bank has no way of knowing what transactions are outstanding. You knew about the $2000 and didn't mention it. You attempted to steal from the bank but didn't get away with it. YOU are the one that is unscrupulous. Enjoy your bankruptcy. You earned it.