A reader writes:
They just made it up. It is extremely misleading for consumers and I would think that a financial institution regulated by the federal government would be a lot more keen on disclosures to customers. Who would remember the “last date” they used the application and whether or not any previous deposit amounts might have been at or near the arbitrary $5000 deposit limit?
Is chase doing this to outsmart potential crook without considering its ability to frustrate customers?