Chase Checking Bank Fees

Posted: Sun, Apr 29 2012, 11:56 am Post subject: Chase Checking Bank Fees

My balance in Chase a/c went below $15000. They now charge $25 a month .

I like my Chase Bank b/c there are hardly any lines and they have free parking.

Most of my transactions are debit purchases- @15 or so per month.

I know that an annual cost would be $300. And I would earn 2% (300/15000)

Are there well established banks that offer a more attractive package?

Please advise. TIA

Gold Member Joined: Jun 05 2011 Posts: 1038

I think all of the banks have similar fee's. There are some "discounts" they give for various things like getting direct deposit, paper statements, etc.

Gold Member Joined: Aug 24 2010 Posts: 1486

TD and Astoria both offer free checking. I'm sure other banks do, too.

Posted: Sun, Apr 29 2012, 1:24 pm Post subject: re: Chase Checking Bank Fees

if you have any direct deposits that fee should be waived unless you're in a higher end account. Call your banker.

Platinum Member Joined: Jan 01 2006 Posts: 48155

Chase is a bank that requires a large minimum for free accounts. I never had extra money like that.

Executive Member Joined: Apr 01 2009 Posts: 464

If you have a mortgage with Chase (and possibly if you have a credit card with them) they will link the accounts and not charge a monthly fee.

Posted: Sun, Apr 29 2012, 5:24 pm Post subject: re: Chase Checking Bank Fees

Thanks everyone.

Hubby said TD only offers checking. I will need a debit card also.

Will look into Astoria.

Morgage is not applicable. Neither is linking to other accounts.

Agaain, thanks for responses.

Gold Member Joined: Aug 23 2011 Posts: 1578

Manyhats, I'm with TD. I have a checking account (free with an $100 balance I think) and a debit card also. Go to a branch and speak with someone there.

Chase is ridiculous with their fees.

Posted: Sun, Apr 29 2012, 5:36 pm Post subject: re: Chase Checking Bank Fees

Thanks SJ,

How does the TD debit card work. What do they charge for debit card withdrawals at banks?

Silver Member Joined: Dec 13 2007 Posts: 744

I have free checking with Chase which requires minimum balances of $1500 (quite different from $15000). We had to go talk to people at the bank to "grandfather" our accounts into free checking last year when they got rid of their free checking. I like Chase because you can always find an ATM (between their branches and Duane Reade, they are everywhere) and my credit card is also through Chase, so I have all my online banking in one place.

Gold Member Joined: Aug 23 2011 Posts: 1578

Senior Member Joined: Feb 12 2012 Posts: 117

I'm super confused- we have a chase account, and don't have anything close to $15000 in there, and pay nothing as long as there's like $100 in there, and you use your debit card 5 times a month. I'm not sure what it's called, but we've never paid anything for our checking account. I can check our account I guess to see if it has a name or something if you'd like..

Posted: Mon, Apr 30 2012, 8:24 pm Post subject: re: Chase Checking Bank Fees

I followed September June's advice and called TD. This refers to the account that works for me. (there are others). For a $2500 balance you get free checking and debit card. You can use any bank to withdraw cash and TD will reimburse any funds deducted from your account to pay for that transaction. They have several addional perks .

This compares to $15000 minimum that Chase requires for a free checking/debit account.

Posted: Fri, May 04 2012, 4:10 pm Post subject: re: Chase Checking Bank Fees

Update from OP

Visited Chase and learned that there were different kinds of accounts and each account differed in minimum balance needed for free checking and debit.

The $15000 requirement level has special perks. For instance, free deposit box- a $75 per year perk.

I decided to forgo that feature.

Chase credited my A/C for the $25 fee. And enrolled me in a $1500 plan. If I maintain that balance I get free checking and debit card.

Nice ending!

Posted: Fri, May 04 2012, 4:30 pm Post subject: re: Chase Checking Bank Fees

I used apple bank cuz it was local but a changed to chase. its great service and free. (I have automatic deposit... ) what I like best about it is that the check clears right away. by apple bank it could take over a WEEK!!!
_________________
I'm not a complete idiot, some parts are missing