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(Heather Stone/Chicago Tribune)
Chase, Chicago’s biggest bank in terms of branches and deposit market share, is making it more expensive to stop payment on a check, do wire transfers and use a foreign ATM, among other things.
Chase is also telling its checking and savings customers that starting on Feb. 5, it’ll hike several other fees.
The bank recently instituted a minimum direct deposit threshold to maintain free checking if customers don’t meet certain other criteria. Get the full story »
Chase, Chicago’s biggest bank, is telling customers who were charged no monthly service fees at Washington Mutual that they could face a $12 monthly service fee unless their accounts meet one of four conditions.
It’s one of several changes that Chase and other banks are making to their basic checking accounts in light of a federal crackdown on the types and amounts of fees that lenders can charge, including a dramatic reduction in fees that merchants pay banks when customers make purchases with their debit cards.
As previously reported, Chase recently disclosed that beginning Feb. 8, its “Chase Checking” customers will need at least one direct deposit of $500 a month for Chase to waive its $6 monthly service fee, or make at least five debit card purchases during the transaction period. Currently, a direct deposit of any amount qualifies. Get the full story »
Chase, Chicago’s biggest bank, is making changes to its basic checking account that could make it tougher to avoid a monthly service fee.
Beginning Feb. 8 , customers will need at least one direct deposit of $500 a month for Chase to waive its $6 monthly service fee. The direct deposit may include a payroll, pension or government benefit payment, such as Social Security. Get the full story »
Chase customers who don’t earn a lot or rely on paltry government benefits may soon have to pay a monthly fee on their checking accounts.
The bank started notifying customers this month that direct deposits will have to be at least $500 to qualify for a waiver on the $6 monthly fee. Get the full story »
