I had a simpler issue with Vanguard with Starling, I had to send a statement in order for them to allow it. Yet with Monzo, it worked without issue.
Called them up and it was sorted over the phone no issues.
It appears a few people received the below email today. Looks like Chase is putting a stop to burner accounts.
So they should
people have abused it so bad, probably running out of account numbers with the allocated sort code ![]()
Could also partially be why they didnāt want people to rejoin
Maybe this was inevitable, and good while it lasted
About time. Those that abused it should be kicked out and the space made for those that were promised they could return after 12 months. ![]()
That card would be in the shredder within two weeks.
Could be due to the bad figures for those leaving as recently published? May be that over 90% of those were burner. ![]()
I have not yet received it but I guess it may be on the way. I have so far taken two out in the last 10 days, another one will be out in the last week of Feb.
Iāve had 4 completed in the last month and 1 currently in progress. No email yet, but Iāll be taking it easy now. Also holding a fair amount in their savings account and regularly depositing into the main current account which might help.
I didnāt receive it and have probably switched 10 accounts out of Chase, although only 1 in the last 5 months. Iāve got their investing, savings and I use the current account.
I have a feeling it maybe people who donāt use the account apart from switching out who are getting the emailā¦
I could be wrong though and end up on their hit list next week. ![]()
I must admit Iām guilty of using them for burner accounts for switching. I get itās naughty
wonder why I didnāt get this email.
Some of us have pseudo usage.
They have really been good. Lloyds and Halifax were my go-to for burner accounts (no hard searches) until Chase came around.
I have seen some posts on Reddit about this clamp down. Looks like most of the people warned are Chase customers for barely a year, majority less than 6 months.
One got the warning after just one switch, from their new account. ![]()
Yea tbf I do use the chase account regularly as my sort of main account and have a credit card, so itās not like im rinsing them just for the accounts.
They just want better figures when the next stats for switching come out. At the moment it looks like they are donors, with net losses.
I am sure with these warnings, numbers will improve.
I saw a weirdo on Reddit who said they switched 19, not sure if even true because not so many offers have been available.
Perhaps Chase should try making their current and savings accounts more competitive for existing customers, rather than just for new customers?
No sympathy. Small
. They shouldnāt just rely on inertia and loss leading, as that just appears to be greedy and taking advantage.
Theyāre more competitive than most high street alts.
Even Revolut savings beat majority of high street and fintech alts (provided by ClearBank FSCS).
I keep getting boosted saver rates that I have never taken up.
What are you actually on about.
They are perfectly competitive.
Absolute madness to think they arenāt.

