Opened a Business Chase Account and was Permanently banned for trying to get their promotion
I'm running a business currently, and it started to really take off recently to the point that I don't really have to work, or if so, only on the business.
Since I was fairly new at this, the one thing I learned was that I must separate personal and business finances, so I opened a Chase Business bank account. It showed a nice promotion of $400 or $500 if you transferred in a balance above the threshold it wanted.
So I did just that after opening; I added $7k to the bank account. A few days later, I noticed the transfer hadn't gone through, so I logged on to find out my account was restricted and to call the number.
I called; they transferred me over to new accounts, and when they looked into it, they said, "Sorry, bad news: your account is going to be closed, and you won't be able to reapply."
This was such BS; I understand a temp restriction to verify identity and that it was me who wanted to transfer, but banning someone for going for the promotion that convinced them to sign up was just horrible.
I don't think I'll ever want to come to Chase Bank ever again.