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.
Same with charging late fees, overdraft fees, etc. It’s just all made up money.
This is a fundamentally different thing. When you go to pay the fees they charge you, you don’t get to create that money out of thin air.