Banned from chase
Originally Posted by
Happy
[MENTION=10053670]AZflippinbro[/MENTION],
The sudden jump on ACH either in frequency or in aggregated amount, from a new vendor (i.e. no history of the source in the past and the vendor is not verifiable thru D&B etc, with sudden high frequency / amount) is what causes you the trouble.
Bank side shuts you down first that almost inevitably would shut down the card side, GC purchase or not really is just after thought guess.
Once again, people need to realize that Chase is compliance paranoid. Anything on the bank side that remotely looks like AML, regardless it is a personal or business account would trigger manual review to determine the risk level. If Chase values you, someone would call first to find out what the gist is before the axe is laid. At least that WAS how it was handled 3 years ago, even on personal checking account that started receiving regular ACHs.
[MENTION=22296]Happy[/MENTION]
this customer i had received plenty of ACH deposits from previously but the amount and frequency recently increased but it’s a business account I’m doing more legal business with this customer so that’s why I’m just confused. I also had a few wires I sent to a friends personal bank account as they needed short term money for a margin call. This wire came back for around the same amount plus a fee a few days later. This also corresponded with me increasing my gift card spend on the chase INK as I would cash these in to buy inventory that I sell and get my money back.
Last edited by AZflippinbro; Jun 20, 2019 at 9:19 am
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