JPMorgan Chase Freezes $102,914 Deposit, Blocks Customer’s Accounts and Refuses To Release Funds for Nearly Two Years: Report
JPMorgan Chase is in the spotlight after freezing a deposited check and refusing to allow a couple to access their funds for nearly two years.
It began when Jose Maximiliano’s wife Maria Mercedes Diaz Ortiz deposited a $102,914 check into her account, reports NBC 5 Chicago.
The six-figure check was compensation awarded to Maximiliano following an accident at work.
Jose had permanently returned to Mexico, so he personally endorsed the check there before his wife deposited it.
But after it was deposited, JPMorgan Chase froze the check and blocked Ortiz’s accounts, including one that had $3,115 in it.
Despite Ortiz presenting her marriage certificate, ID and other documents several times in a bid to make her case to JPMorgan Chase, the money remained frozen for nearly two years. At that point, Maximiliano’s family turned to NBC 5 Chicago for help.
Upon NBC 5 Chicago contacting JPMorgan Chase about the matter, the lender returned a total of $106,029.
The bank then released a statement on what happened.
“To help prevent fraud, we restricted the account after additional review and information provided by a customer, we released the funds and regret the delay in this process.”
Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post JPMorgan Chase Freezes $102,914 Deposit, Blocks Customer’s Accounts and Refuses To Release Funds for Nearly Two Years: Report appeared first on The Daily Hodl.
