I needed to urgently wire $255,000 to M&T Bank from my Chase checking account which has about $420,000. More than enough to cover the $255,000. Chase arbitrary sets a limit of $100,000. I spent countless hours with Chase employees and not one of the people I talked to was able to help me even called Chase Executive line and they couldn’t help.
I’ve got about $700.000 in Chase in cash, savings and CDs. Tomorrow I will close all my Chase Accounts and cancel all my Chase credit cards. I will NEVER do business with any one using Chase and tell them my story.
Dear @Hav_Mir
You have highlighted the issue of Chase’s wire transfer limit restrictions. Despite having sufficient funds, encountering a $100,000 limit and unhelpful customer service is understandably upsetting. While banks impose such limits for security, exceptions should be easier to process. Before closing accounts, consider visiting a branch manager or escalating the issue through Chase Executive Complaints at 1-800-935-9935 or the Chase customer service portal (chase.com).
If still unresolved, explore alternative banks with higher transfer limits or lodge a consumer complaint with appropriate authority.