7 On Your Side Helps Long Island Student Unfreeze Scholarship Funds from Chase Bank

Scholarship Funds Frozen by Chase Bank

• 🎓 Anthony Shaw, a college freshman, had two scholarships totaling $1,200 frozen by Chase Bank after depositing them.
• ⚠️ The bank claimed they needed to verify the checks with the maker, but stated they were unable to do so, leading to the funds being frozen.
• 🚫 This resulted in Anthony being locked out of his checking and savings accounts, leaving him without personal funds for his move to the University of Florida (UF).

Intervention by 7 On Your Side

• 🆘 Anthony's father contacted "7 On Your Side" for assistance after experiencing frustration with the bank's process.
• 🤝 "7 On Your Side" reached out to Chase Bank and provided the necessary contact information for the scholarship providers.
• ✅ Within a week, Chase Bank released the funds, allowing Anthony to access his money.

Resolution and Relief

• 💰 Anthony expressed immense gratitude, stating it was a "weight off my shoulders" and he could now purchase necessary items without extreme budgeting.
• 🏦 Chase Bank apologized for the inconvenience, explaining they were initially unable to verify the link between the check maker and phone numbers but released the funds after further review.
• 👏 The successful resolution highlights the impact of consumer advocacy in resolving banking issues.