Originally Posted by
TMM1982
Not possible. What happens when Robert Downey Jr. deposits a $30 million check at his local Chase branch? They shut him down? I think not.
Entirely possible. Maybe not for RDJ, but definitely possible for a random poster on FT. Chase is hyper-aggressive in shutting down checking accounts for a multitude of reasons, including but definitely not limited to the following:
Too many "large" cash transactions (deposits or withdrawals)
Accessing a safe deposit box too frequently
A business customer legally operating in an industry they do not like (porn, gambling, firearms, legal marijuana retailer, etc)
A personal customer known to be employed in any of the above industries