Warning: Chase free checking is no longer
Feb 4, 2011 | 2:07 pm
#61
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 30,343
Has to be at least $500 or more.
If he means "Or", then I believe the proper symbol would be like a "/".
Feb 4, 2011 | 10:14 pm
#64
FlyerTalk Evangelist
Join Date: Apr 2001
Location: DFW, AA, Hilton
Posts: 16,692
Yes, that's the benefit of being a long-time customer who is probably grandfathered in on the perks. Your safe deposit box, if small, should be free too. As to the former WAMU customers, sorry, WAMU would have been bankrupt had Chase not bought WAMU. On the other hand, I found out my business account at another bank is getting hit with higher fees. It's harder to move a banking account, so I'm still thinking about what to do.
Feb 5, 2011 | 10:26 am
#65
Join Date: Mar 2009
Location: Kingdom of Saudi Arabia
Programs: UA-1mm, 1/31/26 last day as 1k since 2009, Marriott-LT Platinum, Hertz-Presidents Circle
Posts: 6,367
WARNING:
The $6 fee is increasing to $12 a month if you don't have your check direct deposited into it. I just got off the phone and it will start Feb 8th.
The $6 fee is increasing to $12 a month if you don't have your check direct deposited into it. I just got off the phone and it will start Feb 8th.
Feb 5, 2011 | 10:28 am
#66
Join Date: Mar 2009
Location: Kingdom of Saudi Arabia
Programs: UA-1mm, 1/31/26 last day as 1k since 2009, Marriott-LT Platinum, Hertz-Presidents Circle
Posts: 6,367
The agent verified that the $500 DD is still the limit however she said the 5 debit card transactions may be gone as a qualifying criteria for free checking. I guess we will know Feb 8th.
Feb 5, 2011 | 10:32 am
#67
Join Date: Mar 2009
Location: Kingdom of Saudi Arabia
Programs: UA-1mm, 1/31/26 last day as 1k since 2009, Marriott-LT Platinum, Hertz-Presidents Circle
Posts: 6,367
I got this right off the chase site:
2. For statement periods beginning February 8, 2011, two or more smaller deposits that add up to $500 or more do not qualify. The direct deposit, which must be an ACH credit, may include a payroll, pension or government benefit payment, such as Social Security.
However it doesn't say anything about the increase to $12.
2. For statement periods beginning February 8, 2011, two or more smaller deposits that add up to $500 or more do not qualify. The direct deposit, which must be an ACH credit, may include a payroll, pension or government benefit payment, such as Social Security.
However it doesn't say anything about the increase to $12.
Feb 5, 2011 | 11:03 am
#69
Join Date: Sep 2006
Location: SFO
Programs: BA Avios, UA MP, AA, Choice, Club Carlson
Posts: 1,126
I think the easiest way to avoid the fee is to park $1500 there. If you forget to charge the 5 non pin or a DD check goes less than 500 it'll cause you more grief to get the fees back from Chase.
- Deposit $1500 bucks and let it park there until you decide to cancel or use it actively
- what do other people think?
- Deposit $1500 bucks and let it park there until you decide to cancel or use it actively
- what do other people think?
Feb 5, 2011 | 11:22 am
#70
FlyerTalk Evangelist
Join Date: Mar 2006
Location: DFW
Programs: AA 1M
Posts: 31,939
Plus Chase has an ATM very close to my house that accepts hand written checks for deposit in the ATM and can also deposit checks via mobile phones. In addition I wanted to have a second account as a backup with $500. So it made sense to convert.
So folks who are reluctant to close the account with Chase, a simple internal email to Chase would do the trick.
Feb 5, 2011 | 10:11 pm
#71
Join Date: Nov 2003
Location: NRT/PDX
Programs: Willamette Valley Cropdusters Silver Elite, National Tent Frequent Stay program, Ed's Rent-a-tractor
Posts: 3,357
I got this right off the chase site:
2. For statement periods beginning February 8, 2011, two or more smaller deposits that add up to $500 or more do not qualify. The direct deposit, which must be an ACH credit, may include a payroll, pension or government benefit payment, such as Social Security.
However it doesn't say anything about the increase to $12.
2. For statement periods beginning February 8, 2011, two or more smaller deposits that add up to $500 or more do not qualify. The direct deposit, which must be an ACH credit, may include a payroll, pension or government benefit payment, such as Social Security.
However it doesn't say anything about the increase to $12.
Feb 6, 2011 | 10:07 am
#72
Join Date: Mar 2009
Location: Kingdom of Saudi Arabia
Programs: UA-1mm, 1/31/26 last day as 1k since 2009, Marriott-LT Platinum, Hertz-Presidents Circle
Posts: 6,367
This has changed in the last 24 hours to add the 1500 provision as well as the 10 bucks for Ca etc. accounts.
Minimum Deposit to Open
* $25
No Monthly Service Fee*
* With a monthly direct deposit of $500 or more**
* OR, with a $1,500 minimum daily balance
* OR, with an average daily balance of $5,000 or more in linked deposits2/investments8.
Otherwise, a $12 Monthly Service Fee applies ($10 in CA/WA/OR).
Minimum Deposit to Open
* $25
No Monthly Service Fee*
* With a monthly direct deposit of $500 or more**
* OR, with a $1,500 minimum daily balance
* OR, with an average daily balance of $5,000 or more in linked deposits2/investments8.
Otherwise, a $12 Monthly Service Fee applies ($10 in CA/WA/OR).
Feb 6, 2011 | 10:42 am
#73
Join Date: May 2003
Location: CA
Programs: AA Lifetime Gold, HHonors Diamond
Posts: 2,879
Remember, the bank needs to give you formal notice of any change to fees.
Look at your December statement to see the new rules for your specific account. For my Personal account it states that the fee remains at $6 and will continue to be waived for 5 debit card purchases. For the business account there is no real change except some of the misc. fees increase - nothing about the "basic" account fees.
Look at your December statement to see the new rules for your specific account. For my Personal account it states that the fee remains at $6 and will continue to be waived for 5 debit card purchases. For the business account there is no real change except some of the misc. fees increase - nothing about the "basic" account fees.
Feb 6, 2011 | 12:52 pm
#74
FlyerTalk Evangelist
Join Date: Apr 2001
Location: DFW, AA, Hilton
Posts: 16,692
You could convert the account into a savings with a minimum balance of $300. I did this as I have had this account with Chase/Wamu for quite a long time and didn't want to close.
Plus Chase has an ATM very close to my house that accepts hand written checks for deposit in the ATM and can also deposit checks via mobile phones. In addition I wanted to have a second account as a backup with $500. So it made sense to convert.
So folks who are reluctant to close the account with Chase, a simple internal email to Chase would do the trick.
Plus Chase has an ATM very close to my house that accepts hand written checks for deposit in the ATM and can also deposit checks via mobile phones. In addition I wanted to have a second account as a backup with $500. So it made sense to convert.
So folks who are reluctant to close the account with Chase, a simple internal email to Chase would do the trick.
What do you do for withdrawls from the savings account? I am assuming you don't have a checking account at Chase.
Feb 6, 2011 | 11:48 pm
#75
FlyerTalk Evangelist
Join Date: Mar 2006
Location: DFW
Programs: AA 1M
Posts: 31,939
Sorry if I am not understanding correctly, withdrawals can be made using the same debit card (thats what I have heard, not tried, but don't see why it is not possible). Yes I don't have a checking acct at Chase anymore.