The potential charges, says Marianne Lake, CEO of consumer and community banking at JPMorgan, are a result of new regulatory rules that cap overdraft and late fees. Lake says Chase will be passing along those increased expenses to customers, which would put an end to now-free services such as checking accounts and wealth management tools. And she says she expects other banks will follow suit.

  • teuto@lemmy.teuto.icu
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    4 months ago

    My bank gives me 0.02% on my savings account with them. My credit union gives me 3.94% on my checking account. I keep the minimum in the bank so I can use their other services, my CU only has ATMs near me.