Why did Chase charge me a $12 service fee?
Why did Chase charge me a $12 service fee?
Chase Bank has recently implemented a $12 monthly “service fee” to checking accounts that do not receive a direct deposit of $500 or more. According to Chase, the direct deposits “must be an ACH credit, may include payroll, pension or government benefit payments, such as Social Security.”
How much is the monthly fee for a Chase checking account?
Chase checking accounts
| Chase Total Checking® | |
|---|---|
| Monthly fees | $12 3 ways to waive it Have $500 or more in monthly direct deposits. Maintain a $1,500 beginning day balance. Keep at least $5,000 across Chase accounts. |
| Minimum opening deposit | $0 |
| Interest on balances | No |
| ATM fees | $2.50 fee at non-Chase ATMs in the U.S. |
Can you negotiate bank fees?
How to Negotiate Bank Fees With Your Bank. The truth is these bank fees, like interest rates on credit cards, are always negotiable. And knowing how to properly negotiate is the key to getting them waived. If you’re not used to insisting things from your bank, you may feel in over your head.
Why do banks charge fees?
Many banks charge a monthly maintenance fee in order to cover costs associated with maintaining accounts and certain perks that may be added on. Some of these perks include: overdraft coverage programs, no charge for using ATMs outside the system, cashback on spending, and so forth.
What banks does harvest work with?
Furthermore, for Auto-Negotiation of bank fees and interest charges, we currently support the following banks through a fully automated service:
- Chase.
- Wells Fargo.
- Amex.
- Discover.
How do I get my ATM fees back?
In most cases, banks reimburse ATM fees at the end of each statement cycle by crediting the customer’s account with the total fees the customer was charged that cycle. Since most banks issue statements monthly, customers can expect reimbursement for ATM fees once each month.
What is a bank refund?
Refund: Transfers settled funds from your merchant account to the customer’s account. Void: Cancels the transfer of funds from the customer to you before the transaction settles.