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I think I also saw that only this _first_ auto-payment will work -- after that you have to set it up at Chase if you want to continue auto-payment. One thing I
by creeble 3y ago
I think I also saw that only this _first_ auto-payment will work -- after that you have to set it up at Chase if you want to continue auto-payment.
One thing I found out about mortgage auto-payments at FRB was that they wouldn't take the money out unless there was enough in the account within the first 6 days of the month. They would automatically check every day, and if the balance was high enough, they would take it out. On the 7th day I guess they would send you an overdue notice (and maybe keep checking? no idea). They could only do this because they owned both accounts.
Edit: Okay, TMI but this is just so... interactive right now.
I looked up the transfer balance in my FRB account, and the account balance at Chase was $6k higher. So I called Chase Mortgage.
The wait was only about 3m (after the touch-tone gauntlet), and I talked to a very nice dude who welcomed me to Chase... and then promptly told me he'd have to transfer me because I am a "Premium Customer" coming from FRB. I've been on hold the last 15m. Premium I guess means "wait more".