Shutdown Risk from Chase with JPMorgan Private Bank acct?
Apr 27, 2015, 12:07 am
#1
Original Poster
Join Date: Jan 2015
Location: NYC, ORD
Programs: AA EXP, AS 75K, SPG Gold, Hilton Gold
Posts: 280
Shutdown Risk from Chase with JPMorgan Private Bank acct?
I have a JPMorgan Private Bank account that is attached to my parents'. When I call JPM, they see it in their system as an account that stands on its own, just in case that's relevant.
I just got the CSP and Ink+, and I'm wondering (given the Private Bank account) if I face less risk for shutdown/troubles with Chase if I MS with these cards. Any knowledge to spare?
I just got the CSP and Ink+, and I'm wondering (given the Private Bank account) if I face less risk for shutdown/troubles with Chase if I MS with these cards. Any knowledge to spare?
May 12, 2015, 1:47 am
#3
Join Date: Jan 2014
Posts: 130
Got this email regarding my checking account. Does it mean anything?
This is an Alert to help manage your account ending in xxxx.On 05/11/2015 , we placed a $35.00 hold on your account. Your funds will be available on 05/14/2015. Deposits are subject to further review.
This is an Alert to help manage your account ending in xxxx.On 05/11/2015 , we placed a $35.00 hold on your account. Your funds will be available on 05/14/2015. Deposits are subject to further review.
May 12, 2015, 8:08 am
#5
Original Member
Join Date: May 1998
Location: CT/NY
Programs: UA 1K/1MM, AA EXP, Marriott LT Titanium, Hyatt Globalist, IHG Plat Amb
Posts: 6,020
Is this a new account? Sounds like a typical deposit hold.
May 12, 2015, 8:25 pm
#7
Join Date: Feb 2015
Posts: 186
That has the potential to set off some bells and whistles. They have to report single deposits of cash over 10k, but if it looks like you are "structuring" your deposits to avoid reporting, that has the potential to be worse, as structuring is a crime in and of itself. Not saying you are doing that, but if it looks that way...