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JPMorgan Chase & Co. Message Board

  • retiredexaon retiredexaon Nov 5, 2012 2:16 PM Flag

    ATM Machines, Playing the FLOAT

    I have recently noticed that any deposit into a Chase ATM is now taking 4 to 5 business days, perhaps longer, to clear. so Chase is playing the float, hanging onto customer money for an enormously longer amount of time, earning interest off the pool and then releasing to customer. Planning to change banks.

 
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