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|270 Park Avenue, New York, NY 10017
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What is ACH Fraud?
ACH fraud is usually directed toward larger, commercial bank accounts, not individual or personal ones. However, DO NOT give out your account number to anyone (via email or in person) unless you can verify that the person is a legitimate representative.
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ACH withdrawals from your account should only be authorized via the secure webpage of a company or institution. Alternatively, you can authorize ACH withdrawals via written letter.
About JPMorgan Chase Bank, N.A.
JP Morgan Chase (also known as Chase Bank, see below for details) is known as one the oldest and largest multinational financial services institutions in the United States, tracing all the way back to the infamous Aaron Burr in 1799 for its beginnings. It is headquartered in New York City. It consistently ranks highly on the Most Admired Company list by Industry and by Innovation in large part to one of its most well-known CEOs, Jamie Dimon.
J.P. Morgan Chase is one of the Big Four American banks in terms of assets (in customer deposits). Bank of America, Citigroup and Wells Fargo are the other four in this list.
J.P. Morgan + Chase
Is J.P. Morgan the same as Chase? Yes! In 2000, Chase Manhattan Corporation merged with J.P. Morgan & Co. to form the currently named J.P. Morgan Chase. (J.P. Morgan and Co. being the famous commercial and investment banking institution founded by the equally famous banker John Pierpont Morgan in 1871.)
JP Morgan Chase is a combination of two powerful collaborative approaches: the JP Morgan brand governs investment banking, asset management, private banking, and private wealth management divisions. The Chase side oversees all of its credit card operations for account members in the United States (and Canada).