24 years with Chase Bank. Kept several thousand dollar balances in accounts. Financed the house and paid it off. Home equity loan with 0 balance. Savings account with thousands. 830 credit rating....excellent plus. Got a letter today that they have "reviewed my account " and are closing all accounts. Called the phone number with questions and it was confirmed that they are closing all accounts. Asked why and was told that corporate headquarters has reviewed accounts and chooses to break relationships.
I told them it has to be politically motivated as I donate to our veterans, purchase firearms on occasions and am a Trump supporter. Basically you don't need to cancel my accounts. I will do it! WTF?
If Chase hasn't told you exactly why they are severing their relationship with you, you don't actually know that their decision was politically motivated.
You could try contacting your State's banking regulatory authority to see if they can get a straight answer for you. State banking regulators have a lot of power such that they can make a bank jump through hoops and spend a lot of money to defend its practices.
If you have an 830 credit rating there ought to be banks lined up to have you as a customer. If you aren't carrying a large credit card balance with a double digit interest rate that you make less than full payments on each month, you probably aren't the kind of customer that big national banks like to keep on the hook.
