CHASE Bank (Formerly Wamu) has sent notices to all of its customers informing them of new changes/fees taking place in the new year.
If you currently have a “FREE CHECKING” account, it will no longer be “FREE” unless you meet the following criteria:
A monthly direct deposit of $500 or more OR a miniumum daily balance of $1500 or more OR $5,000 or more in an investment account.
If you DO NOT meet any of these criteria, your account will be billed a monthly $12 FEE.
All “Chase Free Checking” acounts will be renamed “Chase Total Checking”
I feel this is absurd. I signed up for FREE checking, so I dont understand how they can have the audacity to change the rules.
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