The potential charges, says Marianne Lake, CEO of consumer and community banking at JPMorgan, are a result of new regulatory rules that cap overdraft and late fees. Lake says Chase will be passing along those increased expenses to customers, which would put an end to now-free services such as checking accounts and wealth management tools. And she says she expects other banks will follow suit.

  • @[email protected]
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    fedilink
    16 months ago

    Why? I changed my bank like decades ago and have a free account ever since. IIRC a ‘real’ credit card would cost a fee, and unlimited cash withdrawal too, but I think that’s it. I don’t use either.

    • @Vinny_93
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      36 months ago

      I have accounts at two different banks but I don’t have any credit cards. Debit cards are way more widely used in Europe. Every bank in the Netherlands will charge you a fee for opening an account.

      • @NateNate60
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        86 months ago

        Finally, something for the Americans to laugh at Europeans about