Originally Posted by
ArizonaGuy
That is incorrect. I didn't realize there was a 5 transaction minimum but it is most definitely avoidable. Right off my paperwork for my Chase BusinessClassic Checking:
Avoid a monthly service fee:
- Maintain required minimum average monthly balance OR
- Link to a Chase Premier Checking or Chase Premier Platinum Checking OR
- Link to an active Chase business credit card OR
- Have 5 or more debit card purchases post each statement period
For my personal account, the banker opened a Chase Premier Checking instead of a the basic Chase Checking, and linked the BusinessClassic account to it, and I pay $0 maintenance fees for either account. Haven't made a debit transaction beyond the minimum for the miles.
I also have a Chase Premier Checking. But if you go look at the terms to keep that free, it says it must be a linked to a Chase Business Checking account or something like that. Effectively, they are both supposed to keep each other free, but my banker said you can't use the conditions in both terms to keep each other free. I can look up and post the exact terms when I get home later today.