I haven't really enjoyed banking since Chase Bank took over Washington Mutual which I still think was a huge mess and bad business for the consumers. But then again, it is banking and we all know bankers do not give two shakes about the consumer!
Yesterday I received a notice in the mail advising me that beginning in February 2011, my free checking account will be gone and my cost per month will capitulate to $12 per month.
Say what you want about reward cards, getting money back using your debit card, quick deposits via the ATM or your cell phone...I am NOT paying $12 to have a checking account and as much as I hate changing banks, I am going to and that means switching not one, but numerous accounts I have...a royal pain!
I just can't justify giving the bank $144 of my dollars on top of all the other charges they want...$2 for a non-ATM fee plus whatever the other bank charges and many more fees.
What about this blurb? If you have automatic deposits that total $500 you can receive free checking....but and this is a big BUT....you can't have 2 deposits that equal $500 it must all be on one.
First of all, I don't have automatic deposit and secondly, this is just another step in Chase to rip us the consumers off. We need banks, no doubt, but these fee's are going up higher and higher and it just isn't worth it to me.
They don't pay interest on savings, so put your money in a pickle jar and it will add up just as quickly and when you want to take money out of the pickle jar, it won't cost you anything to do so.
Bye, Bye Chase....