Chase's cash curbs have been on mortgages, auto loans, credit cards etc. Primarily consumer products, not business products. Completely negating your statement.
Chase hates cash. They want to charge you negative interests on your deposits. Cash makes this more difficult.
The part I don't understand about that is a business account. Any store owner has lots of cash coming in daily. Why does that look suspicious ? What else are they supposed to do with it ?
Business accounts are not necessarily as big of concern as personal. However if a business is ONLY bringing in cash (which happened to a relative of mine) with chase , it can be just as worrisome.
I thought this was only an issue for personal accounts
Not ONLY an issue for personal, but as acc to pillansyme it seems to be so. I have heard concerns for biz as well though.
He seems to say otherwise.
The original statement and concern is not mine. I have written before THIS IS NOT SOMETHING WHICH WORRIES ME. PillanSmye holds there is a concern. I understood where he came from being that I have heard stories before first hand from people i know and was explaining his point.
If someone would to ask me I would tell them not to worry. I personally have deposited thousands in cash to my personal account in chase many times without ever having issue BH . - in terms of business ; (as I wrote before) I have been told from the person it happened to that he was shut down for suspicion of ML because he always deposited cash - never did money come to his biz accnt through merchant processing accounts or checks. Purely cash.
So go ahead a deposit cash as much as you want . PillanSmye says otherwise.