JP Morgan Chase Bank Complaint - Hold on US Treasury check due to average balance being to low
After 8 years of them getting 2 Direct Deposits a month and numerous Government checks (military PPM move payments). They just held a US Treasury check for $2500 because my average balance isn't high enough. WTF is that. After 8 years of loyal checking. I'm switching banks. I have not had a single overdraft, NSF or returned item fee with them this entire time. My budget has always been tight. I'm an E5 with 4 kids and my wife doesn't work as it would cost more in childcare than she would be able to earn. They should look at the total account history and not just the stupid average balance. They told me that I needed to have a $500 average daily balance for the life of the account for the hold to not have been an issue. Nobody I know keeps at least 500 in their account. Most of us are lucky to be able to pay the bills and go to a movie once a month afterwords.