Reports indicate that a day after depositing , a client's JPMorgan Chase account was abruptly closed. The baffling incident, which the bank reportedly attributes to account inactivity, has sparked a whirlwind of confusion on social media. Users question the bank's reasoning, given the recent deposit.
An account closure process is usually initiated after a year or more of inactivity, as per Chase Bank policy. The bank undertakes to return any unclaimed funds to the state where the account holder last resided. Before this action, the bank normally sends out due diligence letters to account holders with unclaimed funds.
In spite of the bank's policy, anticipation is high among observers, as they speculate on how the situation will unfold. There's speculation that the aggrieved client will receive a mailed check refunding the deposited within a span of 10 business days.
More Customers Voice Concerns
This isn't an isolated incident, as more customers have come forward reporting similar issues. One account holder reported their account closure after setting up a payment plan. Despite receiving confirmation emails from the bank, the customer alleges that no payments were processed and their account was subsequently closed. The bank's response to the customer's inquiries was reportedly, ‘nothing they could do.'
Unfortunately, there have been additional unsettling reports from other customers. One customer claims to have been “permanently banned” by the bank. Another customer reports a starkly alarming incident where ,700 was drained from their account.
As of now, JPMorgan Chase has not commented on these claims. The affected customers alongside the public anxiously await a response.