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.

  • jacksilver@lemmy.world
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    4 months ago

    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.

    • Sir_Kevin@lemmy.dbzer0.com
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      4 months ago

      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!