Good morning everyone. Yesterday afternoon, I got my Chase business checking account statement and there was a big message on the front page of the statement. Beginning on November 19, 2019, if your Chase checking account is compromised, Chase will provide a replacement checking account number. This avoids the hassle of closing your existing account and opening a new account. Personally, that still sounds like a huge hassle if you have your direct deposit, bill pay, and other financial accounts linked to your old (compromised) account. One positive is that your linked debit card will continue working with the new account. Hopefully you are never in this situation, but at least your debit card will continue working, so you have access to your money.
This message came on my business checking account monthly statement and I do not have a personal checking account to verify if the message also shows up there. I would assume this process would work the same regardless if you have a personal or business checking account. If you have a Chase personal checking account and see the same message, please let me know.
If you have any questions about this process, please leave a comment below. Have a great day everyone!