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by briantakita 1194 days ago
I wonder if this is happening to anyone else.

Speculation: Possibly a rolling bail in? I wonder what Chase's financials look like. Perhaps they are letting go of unprofitable customers while keeping their money on the books as some banks are having solvency issues; to hedge against the impacts to the credit market.

3 comments

I appreciate the guess, but I think this is not right. There was a good amount of money in the account (~20k).
The most basic bank account is a right afforded by law. No matter how bad your credit history or even if you are homeless, they have to give you the most basic account. Of course, it is your responsibility to keep the balance non-negative.
> The most basic bank account is a right afforded by law

By what law?

this isn't very good speculation
I would agree with you if multiple banks were not currently having solvency issues.