A Massive Bank Now Prevents Customer Transfer to Credit Union

A massive bank now prevents a customer transfer to a credit union while charging several fees with interest.

Cristina says she made a transfer from Chase to Dover Federal Credit Union but the transfer was never received.

“Chase is charging me with the payments, interest and late fees. I called Chase almost everyday requesting information and everyday I received a different answer from the employees,” she said.

The bank was unable to provide an ACH transfer number nor any type of tracking information confirming the customer’s transfer to the credit union.

“I requested the ACH number, they said they do not have it because it was a check, I requested a tracking number and they said they do not have it.

Today’s employee answer was they need more time to review if the check was missing.”

Chase customers have experienced an array of problems with the bank, including the outage of ATM machines and deposit issues.

“I too was expecting my DD to be in my account on Friday, 11/03. It’s Tuesday, 11/07, still no paycheck.

I was relying on that check to pay my rent and now I incurred a late fee for not paying rent before 11/04.

So, I think the bank, ACH, Federal Reserves should be accountable and reimburse us for fees we’ve incurred from not being able to pay bills on time due to THEIR ERROR IN PROCESSING OUR DD…just sayin,” says a user on Downdetector.

The vast number of Chase problems customers are having is a continuous and developing story.

Feel free to share your bank issues in the comment section of the article down below.

For more news and updates like this, opt-in for push notifications.

Also Read: A US Bank is Now Denying Customers Access to Money

Other Banking News Today

Market News Today - A Massive Bank Now Prevents Customer Transfer to Credit Union.
Market News Today – A Massive Bank Now Prevents Customer Transfer to Credit Union.

TD Bank customers now say they cannot access their money after the company recently had an outage last month.

Those affected have been unable to pay their bills or have had their accounts fall below zero.

“Still cannot access the funds I need. What is the plan for people whose rent check will bounce, or have automatic deductions for bills and stuff?

Senior citizens living check to check won’t be able to get their food or medicines. This is causing bigger problems then just a mere delay,” reported one TD Bank customer on Monday.

“This is beyond ridiculous – this is the second occurrence within the last two months. What good is a banking institution when you canโ€™t receive or transfer funds seamlessly for days and I have to wonder whatโ€™s next. Seriously considering changing providers!!” said another bank user on Downdetector.

Last month, customers on were reporting they were unable to pull cash from TD Bank while others stated debit cards have been declined despite having funds in their accounts.

Similarly, Chase customers are currently reporting the bank holding their direct deposits up to a week!

The bank has recently had an array of banking issues including a massive ATM outage that prevented customers from pulling out their money during labor day weekend.

โ€œJust got off the phone with Chase they are telling people the issue is cleared up but I have yet to receive my direct deposit itโ€™s been 6 days and I am very frustrated I want to figure out what can be done about this,โ€ reports Shadaya.

โ€œThis is very frustrating and there is nothing we can do but wait this is like a scam.โ€

Also Read: A Massive Bank Now Closes Several Branches in Florida

Market News Published Daily ๐Ÿ“ฐ

Market News Today - A Massive Bank Now Prevents Customer Transfer to Credit Union.
Market News Today – A Massive Bank Now Prevents Customer Transfer to Credit Union.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors. This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

You can also follow me on TwitterInstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Become a Sponsor for only $1/mo.

  • Gain access to EXCLUSIVE FrankNez articles you wonโ€™t find here.
  • Become part of a private and safe Discord community, just for retail investors.
  • Get drawn at the end of the year for holiday giveaways.


3 Comments

  1. Steven W Warnecke

    Frank, could this be a clearing house issue that was reported Nov 3?

    https://www.pymnts.com/news/banking/2023/the-clearing-house-processing-error-impacted-less-than-1percent-of-daily-ach/

  2. Frank Nez

    For more news and updates like this, opt-in for push notifications.

  3. Frank Nez

    Leave your thoughts below.

Leave a Reply

© 2023 Franknez.com

Theme by Anders NorenUp ↑