Consumer complaint received 2024-09-30
Product: Checking or savings account — Checking account
Issue: Managing an account — Funds not handled or disbursed as instructed
Company: JPMORGAN CHASE & CO. (NV)

I opened a personal checking account with Chase to transfer funds from my company. I deposited from my savings XXXX  XXXX XXXX account {$61000.00} thru cashier 's check to Chase Bank. I invested money into a company and purchase XXXX pool tables which transaction for the purchase included my {$61000.00} as 50 % of the total payment. The company sold all the XXXX tables and paid me out as paid back my investment and my profit on the tables as we agreed with my business partner. I was a silent partner so my name isn't indicated on the business title but I was on the company bank account. I transferred my investment+profit onto my new Chase personal checking account in person at the Chase bank by witnessed Chase employee went thru verification process with me, there is also surveillance cameras at the bank I wasn't able to do withdrawal in person other bank location. Next morning the Bank manager reviewed the transaction and found everything fine from the bank side.

My account got frozen first a week after I opened for several days then I called Chase and they unfrozen my account. Couple days later Chase restricted my account then later closed it.

Chase Bank told me on a recorded line they will issue a cashier 's check with the remaining balance on my account and I should receive that check on XX/XX/XXXX. 
As of today I didn't receive any check from Chase because they saying the funds under a pending investigation.

My complaint is about Chase Bank holding my tax paid earned funds from my personal saving account from XXXX  XXXX XXXX what I deposited into Chase. There is no rights for Chase Bank to hold my tax paid earned by work funds what I deposited into Chase by withdrawal from my XXXX  XXXX XXXX personal saving account. I don't know what kind of investigation Chase bank has about my personal funds what I earned earlier by my work and kept for years in XXXX  XXXX XXXX. Now Chase hold my funds and say it's under investigation and hold my funds since XX/XX/XXXXXXXX XXXX XXXX 
Chase bank using the terms and conditions for still hold my personal funds what I earned years before I opened account with Chase.

I understand they are reviewing transfers about the profit but I can't tolerate further Chase holding my earned money what I tax paid for no reason because Chase Bank has nothing to do with my tax paid earnings from previous years what I already filed to Irs I wan na know why Chase Bank holding my previous paychecks what I earned and placed to XXXX  XXXX XXXX XXXX earlier. 
I worked for that funds and paid tax and kept on my saving account at XXXX  XXXX XXXX. I purchased XXXX pool tables and sold by XXXX XXXX XXXX and took my investment out of thr company and was paid out my share of the profit. 
Chase holding my investment and my profit also currently.

My investment is already tax paid money what kind of investigation Chase doing about my money what I earned in XXXX and XXXX or I sold my house in XXXX in XXXX and also had that money at my XXXX  XXXX XXXX. 
That is nothing to do with Chase. 
They don't have the rights to hold my money what made my property sale or my earnings from previous years