Originally Posted by
sbft77
I don't see it mentioned on that website. But the CPC website chaseprivateclient.chase.com says "There is no Monthly Service Fee for Chase Private Client Checking when you have one of the following each monthly statement period: an average beginning day balance of $150,000 or more in any combination of this account and linked qualifying deposits and investments or , you have a linked Chase Platinum Business Checking account. Otherwise a $35 Monthly Service Fee will apply."
And when I opened a CPC account a couple months ago, I got a "Chase Private Client Addendum" PDF (you can search the web for that to see it) that makes it more clear; it has "OR, a linked Chase Platinum Business Checking account" as a separate bullet point than the $150,000 requirement.
If that is the case, then $50,000 cash in business account is even harder to maintain than $150,000 in JPM investment accounts such as some taxable and IRA accounts. Even a 1% interest of that $50,000 is $500 loss. Not sure if the Chase CPC yearly benefits even worth that.