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.
Does it cost money to use an ATM with a credit union?
In the states most all of your credit unions are part of a co-op network and will allow you to “withdraw for free” from any other atm at a credit union. However most credit unions will also cover the atm fee you pay at other ATMs. Check with them as you apply. If you’re in California and have a way to join it, I’d recommend Schools Credit Union.
That’s actually pretty nice
It is the best. Also, in the event someone gives you misinformation. Credit union accounts are insured as well for up to 250,000 just like regular banks, however they’re insured through NCUA rather than FDIC. even my parents who are well off and very intelligent even thought that credit unions weren’t properly insured. 🙃
Forgetting about using the ATM’s 711’s to for free
Not for me, either. BECU in Washington state. In fact, they reimburse my fees from out-of-network ATMs, so more flexible than a bank – I can use the crummy ATMs in the corner in the 7-11.
No. Not for me in Canada. And I can use ATMs of any of the other credit unions for free too.