Despite the in-depth research of Happy, and what others think, here in Ga. the rules have changed...here is some documentation and a disclaimer from chase website "Products and services described as well as associated fees, charges, interest rates and balance requirements may differ among different geographic locations. Not all products and services are offered at all locations."
so maybe in your state its different, but here in Ga. what my bankers told me is correct... I also dug up the PDF off of Chase's site, just to prove I haven't jumped to conclusions or hallucinated these changes...notice in the detailed requirements that 5 swipes of a debit card is no longer mentioned anywhere.....if this is happening in Ga., it's just a matter of time before they spread the new requirements and fees to the rest of the country. (just a prediction)

these are the new fees and requirements as of 2/6/2011 in GA.
https://apply.chase.com/oao/Disclosu...NGX0VORy5mZGY=

I also found info on the Business accounts in my zip 30041
https://www.chase.com/index.jsp?pg_n...nessselect_nib
notice that there is a way to keep it free without 5k balance, by linking it to a qualifying personal account, but the personal accounts are changing names and are new types that just started being offered...once again, nowhere does it mention 5 swipes as a way to remain fee free.
You are smart to call and check with your banker, and things may remain the same for your accounts (for the time being). I did not jump to conclusions or get bad info from my bankers....I would have rather kept the accounts open, because they never minded coin deposits, and they are the closest bank to my house.