Chase Bank

[wetibbe]

Spoke to my son yesterday about my experiences with Chase. He is a senior mortgage consultant/loan officer with Chase. He works out of more than one branch office.

I told him that Chase could be negotiated with and he said: Oh yes !

I told him that they had a hat full of tricks and he said: Oh yes !

Further he said: They are trying to get rid of the small investors/depositors. They don't want them. They posted a $6.5 billion profit recently !

The manager of one branch was formerly with Washington Mutual who went out of business and was acquired by Chase. Chase is charging $12 per month on checking accounts that have under $1,500 average monthly balance. That's $144 per year per account. Since the changes in banking regulations on credit cards they lose revenue and are trying to make it back by charging checking accounts. Other banks charge $3 or $4 monthly. Hudson City Bank doesn't charge anything.

The branch manager is freaking out. He is losing customers daily. The old Washington Mutual customers are closing accounts and moving their money out of Chase.