I just received a letter from Chase telling me that my checking account will have a new $10 monthly Service Fee if I don’t meet one of their requirements:
- $500 in direct deposits per month
- $1,500 minimum daily balance
- average balance of $5,000 across all Chase deposit accounts
I got switched to Chase after Wamu got taken over by them and the big thing with Wamu was FREE CHECKING. I don’t use this account much anymore, so I’ll probably be closing it.