Monday, July 03, 2006

Banking Statements When You No Longer Bank There

I used to bank at Chase (aka JP Morgan Chase) when I lived in NY. I closed my account some time ago, probably in November or December of 2005. At that time, I transferred all of my money out. However, I earn some interest on my money that was credited after the account was closed. 2 cents to be exact. Now I STILL continue to get account statements, detailing the progress of my 2 cents. It has been at least 6 months, if not more since I closed the account. I was on the Chase website earlier since I have a Chase credit card. I decided to try and contact them to let me know that they can have my 2 cents or to ask them to transfer it to my credit card payment, but I couldn't get the link for "Contact Us" to work. Oh well.

I'm a consultant, I should parlay this knowledge into a proposal to Chase.

2 comments:

Tired of being broke said...

Let me get this straight! they are spending 39 cents to mail you a statement about 2 cents. Wow!

And if the account was closed, why did they credit the 2 cents. Did not realize they can credit to a closed account.

bluntmoney said...

The probably reopened your account for you.