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Non-investing private finance points together with insurance coverage, credit score, actual property, taxes, employment and authorized points similar to trusts and wills.
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Re: Chase as a One Stop Shop
OpenMinded1 wrote: ↑Sat Sep 10, 2022 5:26 pmanon_investor wrote: ↑Sat Sep 10, 2022 1:26 pmOpenMinded1 wrote: ↑Sat Sep 10, 2022 11:43 am
This has been just a few years in the past, so the main points are fuzzy. Anyway, just a few years in the past I went to the native Chase with a test for $50K I needed deposited in my checking account. Because of this, they utterly froze my account for about 4 days beginning the day I took the test in. They initially informed me it might be longer – I feel seven to 10 days. However I complained, and suppose that obtained the account unlocked faster one way or the other. It was fairly inconvenient.Was that because of the measurement of the test? Have you ever had related sized quantities deposited earlier than?
Sure, I feel it was due to the dimensions of the test. That was the primary time I deposited one that giant.
That is regarding they froze the account as a substitute of simply not crediting the steadiness for these days.
Re: Chase as a One Stop Shop
We opened accounts at Chase when youngsters had been little and all of us have Chase bank cards in addition to Chase checking/financial savings accounts. Have additionally had one mortgage owned by Chase prior to now. My solely beefs with Chase are latest. Their solely 2FA possibility so far as I can inform is cell SMS they usually do not settle for Google Voice. That is a fairly critical failing so far as I am involved for such a big monetary establishment. Additionally, my native department is not providing protected deposit containers (I keep in mind they used to a number of years in the past).
All we wish are the details…
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Re: Chase as a One Stop Shop
BackToSchoolDad wrote: ↑Solar Feb 27, 2022 3:54 pm
To fulfill my curiosity, I am opening a Roth IRA with JP Self Directed to see how I just like the platform.If all goes effectively, I would transfer all our IRAs over and make investments the funds in VG retirement funds since they lowered the expense ratios.
I’m a brand new investor seeking to deposit a retirement lump sum in a Self-Direct IRA account with Chase to purchase ETFs. I do have checking and financial savings accounts with Chase and I like Personal Consumer account privileges. I’ve learn Chase platform will not be as consumer’s pleasant as Vanguard, Constancy, or Schwab.
Two questions:
1) What does Vanguard, Constancy, or Schwab platform provide that does not do Chase? Is Chase adequate to purchase ETF at a low value with out added charges?
2) I learn I can convert some quantities from IRA to ROTH IRA with a kind. I learn Chase can provide further tax lot data. Do I get hold of this profit once I convert to Roth IRA since I’ll pay taxes for the conversion or is that this solely once I purchase/promote specific safety?
Thanks
Luis
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Re: Chase as a One Stop Shop
I actually like Chase as a result of they pay good bonuses for opening checking and brokerage accounts (just lately, $600 for checking + financial savings and $625 for $250K in IRA). Chase has on-line interface, highly effective iPhone app, respectable Sapphire checking account (the whole lot free together with wires and worldwide ATMs), no charges to purchase Vanguard mutual funds in a JP Morgan self-directed account and good buyer help for premium checking and premium bank cards.
The most important subject for me is safety. Chase solely helps cell numbers for 2FA and doesn’t present express buyer safety ensures like massive 3 (Constancy, Schwab and Vanguard). In my e book, Chase is nice for bank cards and checking however will not be satisfactory for investments.
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Re: Chase as a One Stop Shop
lhespinoza wrote: ↑Mon Sep 12, 2022 3:38 pm
1) What does Vanguard, Constancy, or Schwab platform provide that does not do Chase? Is Chase adequate to purchase ETF at a low value with out added charges?
JP Morgan self-directed account is sufficient to purchase and maintain ETFs.
Re: Chase as a One Stop Shop
Chase has respectable journey playing cards however their brokerage providing is missing and the fraud detection on their financial institution accounts is way too aggressive with false positives. If you happen to want brick and mortar areas although they’re in all probability possibility.
Re: Chase as a One Stop Shop
eric321 wrote: ↑Solar Could 22, 2022 12:01 am
One underrated possibility to contemplate is Citi. I began utilizing them for beneficiant relationship mortgage reductions. Their brokerage is finished by a 3rd get together (however the property rely). Citi provides a good curiosity financial savings price, bank card reductions (primarily in the event you fly American).
Please say extra concerning the bank card reductions? Will they waive or low cost the annual price on the co branded American playing cards? I searched for information and couldn’t give you something…….
I haven’t but discovered a serious financial institution who may compete on charges with the lenders who originate and promote like Cardinal, however possibly the connection mortgage reductions could be worthwhile?
I’ve debated initiating some accounts with Chase to get $300 ($600 minus taxes) and preserving a pair grand in there to keep away from charges now that they’ve some native branches. I like their app and have 6 bank cards with them and extra once I can, so it’s not like I’m beginning an entire new relationship. I feel they’d some good moneymakers for going to non-public consumer just a few years again however these occasions are gone……..
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Re: Chase as a One Stop Shop
arf30 wrote: ↑Mon Sep 12, 2022 9:11 pm
Chase has respectable journey playing cards however their brokerage providing is missing and the fraud detection on their financial institution accounts is way too aggressive with false positives. If you happen to want brick and mortar areas although they’re in all probability possibility.
Curious, what do you discover is missing? I discover it fairly easy and have actually loved the auto investing into mutual funds without spending a dime.
Re: Chase as a One Stop Shop
Are you able to deposit money again from a Chase bank card straight right into a JPMorgan self directed brokerage account? Do I ise brokerage account quantity and chase routing quantity because the account to deposit into?
not monetary recommendation
Re: Chase as a One Stop Shop
I’ve by no means heard of individuals doing that, however that does not imply it isn’t potential.
Re: Chase as a One Stop Shop
So I simply closed my Chase checking account after realizing that the brokerage account can do the whole lot I must when it comes to EFTs. I will preserve my credit score union checking for the occasions I must do invoice pay and checkwriting. I’ve VMFXX within the brokerage account to carry money. With the checking account gone, I will not have to fret about account minimums to keep away from charges.
not monetary recommendation
Re: Chase as a One Stop Shop
FYI I simply purchased FSKAX (Constancy whole inventory market mutual fund) with no minimal and no charges. They’ve the Schwab equal accessible to buy additionally.
not monetary recommendation
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Re: Chase as a One Stop Shop
chinchin, did you discover out is it potential to make use of brokerage account quantity and chase routing quantity because the account to deposit into? Or it’s a must to provoke switch from the Chase facet?
Re: Chase as a One Stop Shop
VictorStarr wrote: ↑Tue Sep 10, 2024 3:20 pmchinchin, did you discover out is it potential to make use of brokerage account quantity and chase routing quantity because the account to deposit into? Or it’s a must to provoke switch from the Chase facet?
I’ve not tried it but.
not monetary recommendation
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Re: Chase as a One Stop Shop
chinchin wrote: ↑Tue Sep 10, 2024 3:32 pmVictorStarr wrote: ↑Tue Sep 10, 2024 3:20 pmchinchin, did you discover out is it potential to make use of brokerage account quantity and chase routing quantity because the account to deposit into? Or it’s a must to provoke switch from the Chase facet?
I’ve not tried it but.
I checked with JP Morgan brokerage they usually suggested me to make use of ACH pull from a JPM account.
It appears it isn’t potential to do ACH push to JPM self directed brokerage account from an exterior account.
Re: Chase as a One Stop Shop
Your mileage could fluctuate.
“Keep the Course” – My Portfolio (BND, SPSM, VEU, VOO) Partner’s Portfolio (VEA, VGSH, VIOV, VOO)
Re: Chase as a One Stop Shop
Chv396 wrote: ↑Thu Sep 12, 2024 12:06 pm
Now we have a checking account with Chase and have for years now. We use it as a backup to our Constancy CMA. Chase expenses excessive charges, has inconsistent, outsourced service and their data expertise platforms have quite a few bugs. Chase has deteriorated through the years, sadly.Your mileage could fluctuate.
Counterpoint: I’ve had a Chase Checking account & bank cards for a really very long time, and extra just lately I’ve opened Chase brokerage accounts as effectively. Through the years I’ve additionally had a mortgage and automobile mortgage by means of them as effectively. I’ve had nothing however wonderful customer support from Chase, and I discover their net platform & cell apps to be wonderful as effectively. So far as charges, my brokerage balances qualify me for Personal Consumer standing and this waives nearly all charges: no atm charges, no wire charges, and so forth.
Re: Chase as a One Stop Shop
VictorStarr wrote: ↑Thu Sep 12, 2024 12:20 amI checked with JP Morgan brokerage they usually suggested me to make use of ACH pull from a JPM account.
It appears it isn’t potential to do ACH push to JPM self directed brokerage account from an exterior account.
Thanks for checking!
not monetary recommendation
Re: Chase as a One Stop Shop
techbud wrote: ↑Thu Sep 12, 2024 12:52 pmChv396 wrote: ↑Thu Sep 12, 2024 12:06 pm
Now we have a checking account with Chase and have for years now. We use it as a backup to our Constancy CMA. Chase expenses excessive charges, has inconsistent, outsourced service and their data expertise platforms have quite a few bugs. Chase has deteriorated through the years, sadly.Your mileage could fluctuate.
Counterpoint: I’ve had a Chase Checking account & bank cards for a really very long time, and extra just lately I’ve opened Chase brokerage accounts as effectively. Through the years I’ve additionally had a mortgage and automobile mortgage by means of them as effectively. I’ve had nothing however wonderful customer support from Chase, and I discover their net platform & cell apps to be wonderful as effectively. So far as charges, my brokerage balances qualify me for Personal Consumer standing and this waives nearly all charges: no atm charges, no wire charges, and so forth.
“Keep the Course” – My Portfolio (BND, SPSM, VEU, VOO) Partner’s Portfolio (VEA, VGSH, VIOV, VOO)
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Re: Chase as a One Stop Shop
Chv396 wrote: ↑Thu Sep 12, 2024 12:06 pm
Now we have a checking account with Chase and have for years now. We use it as a backup to our Constancy CMA. Chase expenses excessive charges, has inconsistent, outsourced service and their data expertise platforms have quite a few bugs. Chase has deteriorated through the years, sadly.Your mileage could fluctuate.
Chase might be very troublesome to work with. They love making you come right into a department to do something, however then you definitely nonetheless sit there whereas the banker has to name an 800 quantity and speak to somebody in a name heart. It is 2024, we shouldn’t be going into financial institution branches for easy issues like opening an account. I additionally agree on the outsourced customer support… a few of the reps aren’t educated very effectively.
The one factor that might preserve me from ever consolidating the whole lot at Chase could be their propensity to randomly shut accounts with out warning and with out recourse if their fraud algorithm thinks you are doing one thing mistaken. There have been loads of tales about this the place accounts get locked, Chase will not inform you why, and also you get a test within the mail weeks later. Nobody actually is aware of what units the algorithm off, and Chase cannot inform you.
I feel Chase is a very good financial institution, however positively preserve an account some place else simply in case. (in all probability prudent recommendation for any financial institution since shutdowns can occur wherever…)
