Personal Finance

3828 readers

9 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 2 years ago

MODERATORS

[email protected]

167

JPMorgan Chase warns 86 million customers they might have to start paying for their bank accounts (finance.yahoo.com)

submitted 4 months ago by [email protected] to c/[email protected]

27 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 8 points 4 months ago (1 children)

If you’re curious about who still needs checks, I need them for random things for my kid’s school because they themselves are ancient. I also know some people who refuse to pay their rent electronically because some asshole landlords love to tack on bullshit “electronic payment” fees. But I agree with you in every single way. I wish credit unions were more accessible in more areas though. It’s not like you’ll find out around every block like a traditional bank.

[–] [email protected] 4 points 4 months ago

https://co-opcreditunions.org/locator/?ref=co-opsharedbranch.org&sc=1&utm_source=co-opfs.org&utm_medium=cta&utm_campaign=b2bsite&utm_term=locatorpage

Look at the map of your area and see what's there. This is only the branches - for atm, any 711 has a navy Federal credit union ATM that should link to your bank account.