It WILL apply to current account holders. Here are the details:
Current Acct -> New Acct (AUTOMATIC in Feb 2011)
Chase Free Extra -> Chase Total Checking
Chase Free Classic -> Chase Total Checking
Chase Basic Checking -> Chase Total Checking
Chase Better Banking -> Chase Total Checking
Chase Total Checking details:
$12 monthly fee, waived IF EITHER:
- At least one direct deposit of $500 or more. (multiple deposits <$500 each don't qualify)
- OR, keep a minimum daily balance of $1,500 or more in your checking account.
- OR, keep an average balance of $5,000 or more in a combination of deposit accounts and/or investment accounts with Chase.
- OR, pay $25 or more in qualifying account fees (not including the monthly Service Fee).
Chase Checking -> Grandfathered to Chase Checking*
*To Waive Monthly Fee:
- NEW, At least one direct deposit of $500 or more. (multiple deposits <$500 each don't qualify)
- OR, 5 debit card (non-pin) purchases.
Chase Premier -> Grandfathered to Chase Premier*
*NO Changes in Requirement to Waive Monthly Fee.
Letters are being mailed out to current customers between now and January 2011.
See more at:
THIS THREAD
OR
HERE
Hope that clarifies it.
SuperG03