What followed was 6 hours of expensive calls to the fraud prevention department from China. They locked my roommates access to and for good measure my access also. Chase decided it didn’t like something about the $400 transaction.
He sent another $400 transaction several days later. He set up a QuickPay account tied to his own Wells Fargo account and sent me a successful $225 maximum allowed first transaction. I am currently in China on business and needed an easy method for my roommate to pay his rent. I was excited about this service, as I long ago closed my Paypal account due to their incompetence. QuickPay allows you to send and receive money with only an email address and a bank account tied to that email address. Apparently it is soon to be renamed to ClearXChange. I wanted to warn Consumerist readers about the horror that is Chase Quickpay service. Chase already has something similar to that called QuickPay, which Derek and his roommate (a Wells Fargo customer) used to transfer their rent money while Derek was out of town. Chase, Bank of America, and Wells Fargo customers will soon be able to send money to anyone with an e-mail address or mobile number using a new Voltron of a service called ClearXChange.
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