Risky actions with Chase?

[Gvann]

Just because I know that many believe a money order into a chase account will call for almost immediate shutdown, wanted to know about buying groups checks? I usually put into TD, but being america’s most convenient bank comes with very convenient side effects like money holds for 6 business days because its a large check. Chase has never done anything like that for me, and i’ve put in large amounts of money. Wanted to know if people deposit buying groups checks into Chase and if they think that it has ever led to issues? Specifically from USA

[Euclid]

Just because I know that many believe a money order into a chase account will call for almost immediate shutdown, wanted to know about buying groups checks? I usually put into TD, but being america’s most convenient bank comes with very convenient side effects like money holds for 6 business days because its a large check. Chase has never done anything like that for me, and i’ve put in large amounts of money. Wanted to know if people deposit buying groups checks into Chase and if they think that it has ever led to issues? Specifically from USA

Do NOT use chase.

[Aviw]

I know people using chase for a few years for BG and doing a million + a year for years with no issues

[gozalim]

If ever they have a problem associated with that BG, they can (have?) shut down any account that was depositing checks from that account

[Gvann]

If ever they have a problem associated with that BG, they can (have?) shut down any account that was depositing checks from that account

Not understanding this so well

[DealJew]

Just because I know that many believe a money order into a chase account will call for almost immediate shutdown, wanted to know about buying groups checks? I usually put into TD, but being america’s most convenient bank comes with very convenient side effects like money holds for 6 business days because its a large check. Chase has never done anything like that for me, and i’ve put in large amounts of money. Wanted to know if people deposit buying groups checks into Chase and if they think that it has ever led to issues? Specifically from USA

What exactly is the issue?

[Gvann]

What exactly is the issue?

If chase suspects points earning practices they don’t like, they will shut down all accounts, banking and credit cards, because they feel you are abusing the system. If a check goes into the bank that has a good history or being for reasons of MS they may have suspicion. Money orders are a significant red flag, but i know some people do buying groups without issues. I just know that some people say never to try it. Just wondering what most people’s experience is

[baron]

Any issues with the Staples/Office Depot Visa/Mastercard on chase ink cash? Has anyone been doing this in significant number over time? Anything to be aware of? Any info greatly appreciated.

[egzactly]

Any issues with the Staples/Office Depot Visa/Mastercard on chase ink cash? Has anyone been doing this in significant number over time? Anything to be aware of? Any info greatly appreciated.

I think I’ve done about 10k total worth of visa gift card spend at staples in the past 6 months or so and Chase hasn’t given me any issues so far. One thing you should do to avoid getting your card declined at check out is to add something small to make the dollar amount uneven so it looks like a regular large purchase of merchandise.

[baron]

I think I’ve done about 10k total worth of visa gift card spend at staples in the past 6 months or so and Chase hasn’t given me any issues so far. One thing you should do to avoid getting your card declined at check out is to add something small to make the dollar amount uneven so it looks like a regular large purchase of merchandise.

Thanks so much. Any thoughts on what we’re to happen if they they know/knew it’s gift cards? What’s the risk do you regard this as no risk at all, clawback risk or worse like shutdown risk. I’m really curious since all the DDMS posts make seem like a regular 0 risk thing. Sounds like your saying you only do it to avoid card decline. Thanks again @egzactly.

[googwallet]

Just because I know that many believe a money order into a chase account will call for almost immediate shutdown, wanted to know about buying groups checks? I usually put into TD, but being america’s most convenient bank comes with very convenient side effects like money holds for 6 business days because its a large check. Chase has never done anything like that for me, and i’ve put in large amounts of money. Wanted to know if people deposit buying groups checks into Chase and if they think that it has ever led to issues? Specifically from USA

My Chase checking account was closed for precisely this reason. I deposited a check for $80k from a buying group and a few days later my accounts was closed.

[Aviw]

I know people doing millions a year for BG using chase. So there is no clear answer what triggered the shut down

[Euclid]

I know people doing millions a year for BG using chase. So there is no clear answer what triggered the shut down

Chase personal checking, or business?

[Aviw]

Chase personal checking, or business?

Business

[Gvann]

Business

I have a feeling a business account is much better than personal. Because this is business and chase doesnt like mishing

[Aviw]

Also might have to do wit the payors acct

[best]

is there any problem depositing a 1k money order in chase? one time only

[Gvann]

is there any problem depositing a 1k money order in chase? one time only

You have to ask yourself if its a problem to get shut down one time only

[best]

You have to ask yourself if its a problem to get shut down one time only

so its not possible to deposit a money order in chase? then why do they accept it?

[TzviR]

I wouldn't expect doing anything 1 time to get you shutdown but maybe gvann has personal experience/DPs otherwise.