Chase - JPMorgan - Chase Bank Cash deposits held AGAIN, unavailable when needed Niles, Chicago, Illinois

When and how are you depositing the
Cash?

Funds were transferred from my business account to my personal account.  I
am the sole owner of both accounts in this case.  "Officially",
the funds are supposed to be available instantly since this is an internal
transfer executed in person by bank employee at a branch every time (never ATM or phone transfers).  Current banks I deal with manage to accomplish this each time flawlessly
to this day.


When you talk to them what are the reason(s) they are giving you?

Reasons vary as much as the weather.  Every branch manager I spoke with agreed
that this was incorrect, but never offered to permanently correct.  Most
staff I spoke with were unaware that funds are made available immediately.  I usually received the standard "24 hours to clear" response before I was able to fully explain the situation.  Some blamed the computer system, others a lag in system updates, and some simply had no idea why this was happening.  Apologies followed but nothing else much.  Typically after I spoke with a manager, the process was smooth for a few transactions, then back to the same old.  The last straw occurred about 2 weeks before I closed all accounts when they decided to hold a partial amount of several
transactions.  NO ONE knew why that partial hold happened several times.

 

When and how are you depositing the Cash?

When you talk to them what are the reason(s) they are giving you?