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.
Haha. I too barely (sarcasm) dodged this possible new fee, by refusing to do business with Chase Bank, for many prior years, because they seemed awful well before this. Whew!