Originally Posted by
jeffeverde
The only "unusual" activity preceding the invitation to leave was the deposit of a cash-advance check from one of the chs3 cc's, for $5k (against a 50k CL). The Dear John letter came 2 weeks later.
Talked to my personal banker in branch, and she was quite unhappy about it (we'd been discussing a refi on an 800k mortgage), but she said there was nothing she could do about it.
You used a chase cash-advance check at the same time that you were discussing a refi? I look at cash advance deals to help me judge interest rate risk. Using a cash-advance check is basically telling that financial institution that you are a risk. This is a tool of the bank. It's only an emergency tool for you, and the price is a potential end to your relationship.
That does seriously suck to have to move your bank accounts. The good news is that there are plenty of banks that would pay you more interest on your money. Thanks for the data point.