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Chase (JPM) decides to scrap a $10 a month pilot program in Oklahoma that was aimed at gauging...

Chase (JPM) decides to scrap a $10 a month pilot program in Oklahoma that was aimed at gauging how customers would react to a fixed $10 monthly fee on checking accounts. While many banks charge customers monthly maintenance fees, the Chase program was different in that it didn't provide a way to avoid the fee by either carrying a larger balance, using direct deposit, or banking online. The decision by the bank follows a common theme of late whereby banks backtrack on new ways they find to stick consumers with fees.
Comments (2)
  • It appears that the Big Banks are moderately teachable. If enough folks move their accounts to Credit Unions, perhaps the expensive lesson will gel.
    14 Nov 2011, 04:46 PM Reply Like
  • Yet the UBS CEO can glibly say about new fees 'we'll see if customers complain and move, or just complain.' If ever there was a bank that needed to go down in flames, it is that one. Oh, and BAC. Oh yeah, and C.... Oh darn, JPM, too...
    14 Nov 2011, 05:09 PM Reply Like
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