Re:Cautionary tale on using Chase bank for indie business
by benzible on Friday August 23, 2024 @08:02PM
(#41334258)
I’ve had business accounts with almost every large US bank. I’ve founded quite a few businesses - venture-backed and bootstrapped product and consulting companies, going back to the 90s. I’ll repeat: I’ve never had an experience as bad as the one I had with Chase. Not sure what would possess you to
post something so condescending about a statement of opinion and then to make incorrect assumptions about the extent of my experience.
Re:Cautionary tale on using Chase bank for indie business
by benzible on Friday August 23, 2024 @08:52PM
(#41334553)
Also: the same company that got flagged by Chase had an account with Bank of America open at the same time and later opened accounts with a couple of other banks. No KYC issues with any of them despite exactly the same set of facts. And again, we did nothing even remotely shady or suspicious.
Re:Cautionary tale on using Chase bank for indie business
by pdonis on Friday August 23, 2024 @09:01PM
(#41334627)
> I’ve had business accounts with almost every large US bank.
Ok. I would suggest making that very clear up front in your article. I think that would considerably increase the article's impact.
Re:Cautionary tale on using Chase bank for indie business
by benzible on Friday August 23, 2024 @10:25PM
(#41335042)
I’m not the OP and I didn’t write an article. I wrote a comment about my own experience with Chase, which you quoted and responded to.
Re:Cautionary tale on using Chase bank for indie business
by pdonis on Friday August 23, 2024 @10:31PM
(#41335070)
> I’m not the OP and I didn’t write an article.
Oh, sorry, I didn't realize that. That was stupid of me.
Re:Cautionary tale on using Chase bank for indie business
by pdonis on Friday August 23, 2024 @10:33PM
(#41335076)
Correction from the poster I was responding to: it is not his article. My comment about why the anecdotes in this thread are about Chase are still valid, but I did not realize that the poster I was responding to was not the article's author. So I should have said "mentioned in the article", and the last paragraph of my post is irrelevant to the poster I was responding to. Sorry for the confusion on my part.
The only reason anecdotes in this thread are about Chase is that Chase is the bank you mentioned in your article. If you had mentioned any other of the big banks I am sure you would get similar anecdotes. All of the big banks work basically the same way. For example, as I commented in another response upthread, they probably all have similar "we can screw your business any time we like and there's nothing you can do about it" language in their terms of service.
> my experience with Chase is by far the worst I've personally experienced.
Have any of your experiences with other big banks been small business accounts? If not, that's an obvious reason for your Chase experience to be worse.