Originally Posted by
gregorygrady
I have been doing a monthly $501 ACH transfer from my brokerage acct into my Chase acct (and then back the following day) and it has been working to ward off the monthly fee. Not sure why I'm playing this game with them rather than just cancelling my Chase Checking acct, except it's the only brick & mortar bank I have and figure I should keep it in case of emergency. My employer won't do direct deposit so I'm stuck depositing my paychecks into Chase and then transferring them immediately out to ING Direct. Annoying all the games these stupid banks make us play.
Good to know the $501 ACH from brokerage account work. This would be my back up plan should the current scheme of 5 debit card Non PIN transactions do not work.
I just notice that for August, all my Non PIN debit card transactions despite never entering PIN and always chose Credit Card, it got posted IMMEDIATELY instead of a couple days delay like in the past when it was Non PIN Credit Card type... This got me worry a bit so I called - got Philippines call center and the CSR insisted that as long as 5 debit card transactions regardless PIN or Non PIN, it would serve to waive monthly fee... I made her to notate the account and I also sent a SM to ask for clarification.
As someone mentioned upthread, if it is not for the bonus effect on Freedom Credit Card I would not keep the Chase checking. But the bonus on Freedom card is too good to ignore, esp it could transfer to Sapphire Preferred card's point pool and ultimately transfer to Hyatt Gold Passport.