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.
Look into online banks like Ally or credit unions. I’m 99%sure that Ally has no minimum requirement and about a 4% interest rate for money in your savings account.
Oh I’ve got accounts with like half a dozen banks. Chase is not one of them. They are not offering me anything better than what I can get at multiple other banks. I’ve got a credit union as well. I never understood why most people feel like they’re suppose to have One bank. Spread that shit around!