More Chase customers could pay fee for checking

[Yo_Mama_Been_Loggin]

NEW YORK —
Chase customers who don't earn a lot or rely on paltry government benefits may soon have to pay a monthly fee on their checking accounts.

The bank started notifying customers this month that direct deposits will have to be at least $500 to qualify for a waiver on the $6 monthly fee.

The change, which goes into effect starting Feb. 8, applies to basic checking accounts.

Chase said the $500 monthly requirement is for a single direct deposit; multiple direct deposits that add up to $500 will not qualify for the waiver. The monthly fee can also be avoided if customers make five or more debit card purchases in a statement period.

Chase, part of New York-based JPMorgan & Chase Co., declined to say how many customers would be affected by the new requirement. But direct deposits are generally made for paychecks, pension payments or government benefits such as unemployment or Social Security.

According to the Social Security Administration, about 7 percent of beneficiaries receive a monthly check of less than $500. Unemployment checks are often less than $500 as well.

http://seattletimes.nwsource.com/html/businesstechnology/2013684904_apuscheckingaccountfee.html

[Skink]

1. Bankruptcy feels so good.

specially from these assholes.

[Suich]

2. They want to charge me $10 a month.

Another DU'er was going to be charged $12 a month.

Wonder why the big difference?

:shrug:

[Yo_Mama_Been_Loggin]

3. Are you one of those who had a WAMU account before Chase tookover?

[Suich]

6. Yup...had one for years.

You?

[BrendaBrick]

4. K&R - I moved my money earlier this year to a local/regional bank...

...NOT involved in the casino ploys of the "major' banks!

For over 25+ years my bank first started out as a "Railroad Bank" then to First Union - then to Wachovia and now Wells Fargo....so I moved my money to a local/regional bank instead where they know my name and are glad to see me walk in and want to help me in any way they can!

This is what convinced me to make the switch and I have never been happier:

http://moveyourmoney.info/

(Timely how the graphic depicts a scene from "It's A Wonderful Life!") :-)

Nice to know that there ARE other options like this in addition to local Credit Unions as well!

[lonestarnot]

5. Chase, chasing the poor's money.

[Suich]

7. Here's the thread from last week:

http://demopedia.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9754908

There's an answer in the replies as to why they can charge the old WaMu customers the new fees.

[Kali]

8. yeah they aren't getting as many overdraft fees

so time to break out the KY or vaseline for whatever they can come up with next

[Anakin Skywalker]

9. Hopefully all these fees will add up enough and help the banksters and fraudsters

buy those Jaguars and other bling bling cars that they simply can't live without!