JPMorgan Warns 86 Million Customers: Prepare to Pay a $25 monthly fee for Checking Accounts

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JPMorgan Chase recently issued a major warning to its 86 million customers. The banking giant states that a list of new regulations from Washington, D.C. will require the company to begin charging customers for checking accounts. As a result, customers can expect historic changes to roll out in the months ahead. While the specifics may vary, it’s essential for account holders to stay informed about any potential fees associated with their banking services.

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If you’re a JPMorgan Chase customer, here are some details about their Chase Premier Plus Checking℠ Account:

  • Monthly Service Fee: $25 (unless you meet certain criteria, such as maintaining an average beginning day balance of $15,000 or more in this account and linked qualifying deposits/investments).
  • Other fees include overdraft fees, ATM fees (both at Chase ATMs and non-Chase ATMs), wire transfer fees, and money order fees.
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Sources:

dailyhodl.com/2024/07/05/jpmorgan-chase-warns-86000000-customers-set-to-pay-for-bank-accounts-in-massive-overhaul-elimination-of-free-services/

www.chase.com/personal/checking/premier-plus-checking

www.chase.com/personal/fees/premier-plus-checking

www.wsj.com/finance/regulation/jpmorgan-financial-regulations-charge-customers-d86ca9e4?siteid=yhoof2

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