We’ll after 45 minutes I finally talked to someone who gave me a straight answer to a direct question. Yes, they said, the payment can be reversed once they confirm that the funds were transferred from the bank.
When I asked Why couldn’t someone tell me this 45 minutes ago, the person didn’t have an answer.
I still think they need to do an internal inquiry. If this happens enough then Chase is getting the use of millions of dollars each day unjustly.
Banks and insurance companies used to pull this routine all the time. It’s called “playing the float.” Float being the time a check is received until it’s applied to the account.
Insurance companies do it by denying claims for frivolous reasons.
They get away with it because suckers, like some I see are posting here, are so anxious to proclaim someone else a deadbeat or pretend they’re more moral than anyone else that they don’t even understand they’re getting hosed.
You don't mention who is resolving this. If Chase is doing it, I'd consider myself extremely lucky that it only took 45 minutes.
Now if Chase is the card issuer and where you Bank at, I'd switch banks ASAP.
In these kind of uncertain financial times, it's not a good idea to bank at the same place you owe money to. Many have cross-collateralization clauses in lending agreements and can seize funds anytime you get in arrears.