lolwut? half the bank accounts in the usa would be closed.
ITHelpderpest on
Probably because they stopped allowing ridiculous overdraft fees so they need to add other fees to keep up their record profits.
InfinityAndBelow on
The moment they do this I close my chase checking account lol
ParakeetWithTits on
I wonder if I can get my paycheck directly on IBKR account
neutralityparty on
People will flee in 3,2,1. So many more options now
Just_Candle_315 on
You need to pay us to give us money – JP Morgan
histevenhere on
Oh so I give them my money for their investments and they expect me to pay on top of that ?
ColNutron on
I’ve been on the same chase “college” checking account since 2010. If they start charging, I’m going to a local credit union.
madwurm on
Pay us to hold your money so we can make money.
Abm743 on
Because they don’t want to deal with the “poors.” Years ago Dimon said something to the effect of them not wanting customers that have $100k> on the deposit with them (checking, IRA, brokerage, etc).
Overall-Bug1169 on
Some 15-20 years ago I ditched wells fargo because they were going to charge a fee everytime customers used their ATM cards anywhere not a WF ATM. At first I was just going to write a ton of checks which would still be free out of spite, but I just bailed.
I think they changed the plan to not do it after I and probably a lot of other people left.
kerapang on
Lmao “Warns customers. Prepare to pay”… how about “prepare to lose customers”. There’s no threatening customers in a free market.
Cold-Permission-5249 on
Looks like chase is going to be facing some major liquidity issues with this maneuver. Banking is basically a commodity and there’s plenty of other options.
LukaLover42069 on
Hey Chase, be prepared to eat a dick! I’ve had an account there since 2010, and my Sapphire preferred card. I’ll close both of those bitches.
QuentinP69 on
My Wells Fargo checking and savings is free no minimum balance. Of course Wells Fargo isn’t the most honest bank but this has been fine for a decade.
Jason-Griffin on
Puts if they actually do this. I think this is fear mongering to prevent the legislation from being enacted
NewDoah on
I’ll prepare to stay with my local credit union lol
PizzaWall on
Wells Fargo tried this a few years ago, they forced every checking account to have a minimum charge of $5.00. I worked in their marketing department at the time and nobody thought it was a good idea. Once we started promoting the upcoming fee, another group spoke out, customers. And they started closing accounts and banking somewhere else. So Wells Fargo relented and did away with the fee. For a time, at least.
I left the company and later it was revealed all of the multiple ways Wells Fargo has consistently screwed over customers. Silent fees, phantom second accounts, collusion to keep rates high, it’s staggering how many ways Wells Fargo has figured out to screw over its customers, apologize and promise never to do it again and then do it again. If you sign up on Monday with Wells Fargo, it’s a $5.00 charge unless you maintain a $300 minimum balance and I am positive they have found ways to screw customers so they have to pay the $5.00. They truly are the abusive spouse of the banking industry. It sounds like JP Morgan wants to get in on the action. Move to a credit union.
They started to charge me 25$ last 2 months before I noticed and insisted they give it back because they changed the rules for a free account without sending me a notice. They only had 49 billion in profit in 2023 so I guess they have to make it up somehow.
badmattwa on
They think it’s their turn again, gl with that
Jec_atl on
Credit union here I come 😂
veggieman123 on
How to lose customers
mokehillhousefarm on
The joke is on them because I use a credit union.. no fees please!
mossycave on
bye
CrunchatizeMeCaptn on
So…are we buying puts because we think they’ll lose a bunch of customers or buying calls because the idiots who stay will make them even more profitable?
quagdingo77 on
Any opinions on SoFi?
tourbladez on
…..and Customers warn JP Morgan to get ready to process a wave of closed accounts.
Republic_Potential on
Puts
terribleinvestment on
Oh shit, mega calls on Block.
HearYourTune on
Prepare to lose customers.
Hailtothething on
Customer Warns JPMorgan: Prepare to Pay for this with losing 25% of your customers to other banks.
Familymanjoe on
God forbid they learn to run their bank profitably without gouging customers.
ElderGoose4 on
Prepare to join a credit union
Hand_Sanitizer3000 on
Its a checking account it doesnt earn anything i could literally put it under a rock and it would serve the same purpose
34 Comments
lolwut? half the bank accounts in the usa would be closed.
Probably because they stopped allowing ridiculous overdraft fees so they need to add other fees to keep up their record profits.
The moment they do this I close my chase checking account lol
I wonder if I can get my paycheck directly on IBKR account
People will flee in 3,2,1. So many more options now
You need to pay us to give us money – JP Morgan
Oh so I give them my money for their investments and they expect me to pay on top of that ?
I’ve been on the same chase “college” checking account since 2010. If they start charging, I’m going to a local credit union.
Pay us to hold your money so we can make money.
Because they don’t want to deal with the “poors.” Years ago Dimon said something to the effect of them not wanting customers that have $100k> on the deposit with them (checking, IRA, brokerage, etc).
Some 15-20 years ago I ditched wells fargo because they were going to charge a fee everytime customers used their ATM cards anywhere not a WF ATM. At first I was just going to write a ton of checks which would still be free out of spite, but I just bailed.
I think they changed the plan to not do it after I and probably a lot of other people left.
Lmao “Warns customers. Prepare to pay”… how about “prepare to lose customers”. There’s no threatening customers in a free market.
Looks like chase is going to be facing some major liquidity issues with this maneuver. Banking is basically a commodity and there’s plenty of other options.
Hey Chase, be prepared to eat a dick! I’ve had an account there since 2010, and my Sapphire preferred card. I’ll close both of those bitches.
My Wells Fargo checking and savings is free no minimum balance. Of course Wells Fargo isn’t the most honest bank but this has been fine for a decade.
Puts if they actually do this. I think this is fear mongering to prevent the legislation from being enacted
I’ll prepare to stay with my local credit union lol
Wells Fargo tried this a few years ago, they forced every checking account to have a minimum charge of $5.00. I worked in their marketing department at the time and nobody thought it was a good idea. Once we started promoting the upcoming fee, another group spoke out, customers. And they started closing accounts and banking somewhere else. So Wells Fargo relented and did away with the fee. For a time, at least.
I left the company and later it was revealed all of the multiple ways Wells Fargo has consistently screwed over customers. Silent fees, phantom second accounts, collusion to keep rates high, it’s staggering how many ways Wells Fargo has figured out to screw over its customers, apologize and promise never to do it again and then do it again. If you sign up on Monday with Wells Fargo, it’s a $5.00 charge unless you maintain a $300 minimum balance and I am positive they have found ways to screw customers so they have to pay the $5.00. They truly are the abusive spouse of the banking industry. It sounds like JP Morgan wants to get in on the action. Move to a credit union.
Free version of story:
[https://finance.yahoo.com/news/jpmorgan-warns-86-million-customers-150827155.html](https://finance.yahoo.com/news/jpmorgan-warns-86-million-customers-150827155.html)
They started to charge me 25$ last 2 months before I noticed and insisted they give it back because they changed the rules for a free account without sending me a notice. They only had 49 billion in profit in 2023 so I guess they have to make it up somehow.
They think it’s their turn again, gl with that
Credit union here I come 😂
How to lose customers
The joke is on them because I use a credit union.. no fees please!
bye
So…are we buying puts because we think they’ll lose a bunch of customers or buying calls because the idiots who stay will make them even more profitable?
Any opinions on SoFi?
…..and Customers warn JP Morgan to get ready to process a wave of closed accounts.
Puts
Oh shit, mega calls on Block.
Prepare to lose customers.
Customer Warns JPMorgan: Prepare to Pay for this with losing 25% of your customers to other banks.
God forbid they learn to run their bank profitably without gouging customers.
Prepare to join a credit union
Its a checking account it doesnt earn anything i could literally put it under a rock and it would serve the same purpose