Without any notification, Today, I found out that my free checking service is not free but is still called free. Apparently they added fine print to their free checking and began charging former wamu customers $10 to $15 for the free checking service. If your an individual and you do not have at least $500 direct deposited in to your account every month & if your account drops below $1500 you will be charged a $10 service fee. Business accounts must have $5000 in their accounts at all times as well or a $15 service fee is charged. Both must also use their DEBT card at least 5 times!
Oh boy. These rich ceo's are so obsessed with money they'll do whatever it takes to gain record profits! Its just a game to them! I've happily been with Wamu & now JP Morgan Chase for 10 years and I'm certaintely switching! I dont even recall being notified about this new change! Yea whatever $10 isn't a lot but I'm recently unemployed & was shocked to see this fee! I always deposit every dollar I have, barely over a thousand each month.
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