‘Free’ checking might come with a charge soon, warns Chase

4 comments

1. Chase might lose a lot of customers if they do that.

2. Wait, Chase the bank that puts their customers money at risk more than any other bank wants to charge fees for checking? I guess those risky things they’re doing with our money isn’t paying off.

3. They’ve been saying this for 10 years.

4. >“It is not practical for many of the services to be free if we won’t be able to draw from those profit pools,” Lake said.

   You literally get free money from people to hold it in stocks and get your ~11% profit pool.

   You literally lend money that you dont even have (cost your 0 to use virtual money) to make your profit pool.

   Chase is getting to be too greedy