This totally went over my head since the beginning of December, but Chase is forgetting about tacking on that once-potential $3.00 fee for utilizing your debit card.
From the article, Chase claims it did not make its decision based on Bank of America’s failure of introducing such a fee (pulling a NetFlix), but I don’t buy it. Either way, I’m sure they’re still making a killer profit off their $12/ mo. fee ($144 a year!), provided one doesn’t meet certain qualifications.
Boy do I miss the good ‘ol days of putting my cash in the shoebox.