Category: Interesting

Most comments ever

I recently came across a blog post from about three years ago, which has racked up more comments than any other I have seen, and has people still commenting today, three years later.

How Chase Bank Has Forgotten About the Customer

I had a call into Chase about an issue with my credit card the other night and couldn’t believe what I heard. My discussion with a customer service representative was not going where I wanted it to, so I asked to talk to a supervisor. I was told that there was no supervisor to talk to, but if I wanted to, I could just give her my number and she’d have someone call me back. I found this to be quite interesting (no supervisor? come on!) and tried to reason with the rep to have someone with any authority get on the phone, but got the same thing . . . nothing.

From there, I went on to tell her that I was a loyal customer for around 13 years and was just not happy with the service I was getting. Want to hear the response?

“If you’re not happy, then I’ll close your account for you right now”

Really?!?

“I just told you I was a loyal customer for 13 years and you’re telling me to close my account if I’m not happy?”

“Yes, sir. Do you want me to close it?”

(I took notes, because I was so surprised by this response)

I don’t know about you, but I don’t think companies are in business to chase away their customers, do you?
Somewhat stunned, I got off the phone and waited for morning to call back and talk to a supervisor. When I got on the phone with a supervisor (after telling the customer service rep I was calling about bad service), it happened again! I explained that I was not happy with the service I recevied and was almost instantly told that if I wasn’t happy then she would close my account . . . she almost begged me to do so.

In a daze, I laughed and asked if this was a big joke. It was not. Not only was it surprising in content, but in tone as well; she was simply nasty to me. I was told that the company now had a policy which requires customer service and their supervisors to close someone’s account if they don’t like the service they are getting.

Apparently, Chase has established a policy where they send away people who aren’t happy with their service. There is no attempt to rectify the situation. They just want you, the problem, to get lost.

Why waste their time keeping someone happy? There are plenty of other customers to rip off on both ends of banking (low savings interest rates and high borrowing interest rates).

With this situation in mind, I’m asking you to boycott Chase. It is the customer that comes first, and if they are too lazy to give good service, then they don’t deserve to have any customers, plain and simple.

What Can We Learn From This Situation?

Customer service is Paramount! If you treat your customers like crap, there will be a backlash against you, especially in the days of the internet. If you treat them well, they will tell their friends and you will only see positive results! With so much choice (except when it comes to cable TV & telephone providers), we, the consumer, have the power to not only choose another, better, option, but also to tell the rest of the world of our experiences.

Three years later and Chase still hasn’t learned this lesson.

Chase photo montage

I came across some fun Chase photos today for your enjoyment.

More Chase insiders speak

If you can get past the run-on sentences, misspellings, and generally poor writing, you will get a sense from this recent post by someone that claims to be a Chase insider, that working for Chase is not fun.

Even spam bots think Chase is a bank to hate

You’ve seen them many times now, those websites that have obviously been cobbled together to look legitimate and authoritative for a particular topic or type of product but have obviously been assembled by some kind of automated process simply for the purpose of gaming search engine results and getting paid ad clicks.

I found one today that had as its topic “Chase Bank customer service complaints.”  Apparently hating Chase is popular enough to get internet traffic.

More Chase 22isms

We ran a story yesterday and the day before regarding one months long loan modification process which resulted in a whopping 22 cent reduction in the homeowners monthly mortgage payment.  I call this Chase’s 22 cent solution.  It was some strange coincidence that today I came across a post about Chase canceling someones credit card account in good standing.  Now, that in itself is nothing spectacular, Chase has been doing this for a couple of years now and we’ve reported on the problems this seems to be causing them (poor prospects for growth).  What is notable however is that the post was from a blog entitled 22 minutes 2 corporate insanity.

Is there something about Chase and the number 22?

Jamie Dimon gets personal “It’s just Jamie”

Jamie Dimon, aka, Jamie, did a big interview with the New York Times entitled “After Crisis, Show of Power from JP Morgan” and calls Jamie Dimon Obama’s banker.  This is puzzling given Chase’s abysmal standing in the ranks of big banks offering loan modifications.

Another article, which discusses how he wants to be called just Jamie, claims everyone loves Jamie.  Yea, everyone but Chase’s customers.

Hey Jamie, how about getting more personal with your customers?

Seattle bar will buy you dinner if you quit Chase!

Seattle bar The Twilight Exit is fed up with Chase and its shenanigans.  On their Twitter feed and Facebook page, they have offered to buy anyone dinner who shows proof that they have quit Chase bank.

BankSimple concept moving forward

As reported today in Bloomberg BusinessWeek, entrepreneuer Josh Reich is moving ahead with his BankSimple idea, which is meant to be an antidote to big banks like Chase and will have features like

  • No branches (yes, this is a feature)
  • Access to a large network of ATM’s
  • Smartphone optimized access
  • No overdraft fees
  • Earn interest at above average rates
  • Smartphone notification system for debit transactions – you get notified of every transaction so you will know the second fraud occurs

The motto for BankSimple is “BankSimple isn’t bank becasue banks suck.”

The plan is to begin serving an initial 10,000 customers this Fall.

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