How do I avoid Chase monthly fees?

Asked by: Shana Denesik  |  Last update: April 8, 2023
Score: 4.6/5 (9 votes)

You can avoid the fee on your Chase Total Checking account if any one of the following requirements are met:
  1. Electronic payments made to your Chase Total Checking account totaling at least $500.
  2. Balance in the account at the start of each day of at least $1,500.

Can I get my service fee waived by Chase?

Chase Total Checking account holders can have the $12 monthly service fee waived if they do one of the following: Have $500 or more in monthly direct deposits, Have at least a $1,500 balance at the beginning of each day, or.

Why is Chase charging me a monthly 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."

What is the minimum balance to avoid fees at Chase?

$0 when you have any ONE of the following: A balance at the beginning of each day of $300 or more in this account.

Why is Chase charging me a $25 monthly service fee?

$25 monthly service fee OR $0 with one of the following each monthly statement period: An average beginning day balance of $15,000 or more in any combination of this account and linked qualifying deposits/investments. OR have a linked qualifying Chase first mortgage enrolled in automatic payments from your Chase ...

How to avoid paying Chase bank fees

32 related questions found

Does Chase refund monthly fees?

You can always negotiate for refunds on Chase overdraft fees and all other Chase bank fees simply by listing all the overdraft fees you've been charged and sending a polite but firm message to the bank via the secure message portal on the Chase website or by calling Chase customer service (1-800-935-9935) directly to ...

Does Chase have free checking account?

Chase does offer two checking accounts with no monthly fee. The accounts are for children: Chase First Banking and Chase High School Checking.

What banks have no monthly fees?

Best no-fee checking accounts
  • Best overall: Capital One 360® Checking Account.
  • Runner-up: Ally Interest Checking Account.
  • Best for rewards: Discover Cashback Debit Account.
  • Best for out-of-network ATMs: Alliant Credit Union High-Rate Checking Account.
  • Best for students: Chase College Checking℠ Account.

What is the minimum balance for Chase checking account?

Account details include:

OR a balance at the beginning of each day of $1,500 or more in this account. OR an average beginning day balance of $5,000 or more in any combination of this account and linked qualifying deposits 1 /investments 2.

Why does Chase charge a $6 service fee?

The Monthly Service Fee after expected graduation date is $6 or $0 when you do at least one of the following each statement period: Option #1: Have an electronic deposit made into this account, such as a payment from payroll providers or government benefit providers, by using (i) the ACH network, (ii) the Real Time ...

Does Chase charge for a checking account?

Chase checking account monthly maintenance fees vary from $4.95 to $25 for the bank's standard checking options, and from $25 to $35 for the bank's premium checking options. Additionally, Chase offers three checking accounts designed for kids and students, which feature low service fees from $0 to $6.

How much do I need in my Chase savings account?

Account details include:

A balance at the beginning of each day of $300 or more in this account. OR $25 or more in total Autosave or other repeating automatic transfers from your personal Chase checking account (available only through chase.com or Chase Mobile®)

How do I downgrade my Chase account?

To complete the process of downgrading, simply call the phone number on the back of your Sapphire card and ask Chase to switch you to either the Chase Freedom or Chase Freedom Unlimited. As long as your account has been open for at least 12 months, you should have no problem.

Is Chase a good bank?

GOBankingRates has ranked Chase as one of the Best National Banks and Top 100 Banks of 2022 and has also recognized the bank in its Best CD Accounts, Best Checking Accounts and Best Savings Accounts of 2022 annual lists.

What banks have free checking with no minimum balance?

9 Free Checking Accounts with No Minimum Balance
  • Capital One 360 Free Checking. Why you want it: It's as simple as it gets. ...
  • Ally Interest Checking Account. ...
  • Axos Rewards Checking. ...
  • Schwab Bank High Yield Investor Checking Account. ...
  • NBKC Personal Checking Account. ...
  • Discover Cashback Debit. ...
  • Chime Bank Account. ...
  • USAA Free Checking.

Which Bank requires no minimum balance?

For example, both Ally Bank and Capital One offer free checking and savings accounts with no minimum balance to open an account (and no ongoing minimums either). 12 Opening an account is easy, and you'll likely earn more on your savings than you would get from the average bank.

Whats better Chase or Wells Fargo?

Both banks offer several business checking accounts but Wells Fargo is the clear winner due to its lower monthly fees and higher transaction limits. For example, a large businesses that has up to 500 transactions a month can expect to pay a $40 monthly fee with Wells Fargo versus a $95 monthly fee with Chase.

How do I cancel my Chase credit card annual fee?

Call credit card customer service at 1-800-432-3117 within 41 days of the fee being charged. Ask the representative to cancel your account. Request a refund for the annual fee. Receive the refunded fee as a credit or check.

How do I get my Chase fees back?

One option for disputing an unfair bank fee is to contact Chase customer service. You can call 1-866-564-2262 to speak with a representative. Make sure to have your account details with you, such as the account verification question that you might have set up when you first activated your Chase Bank account.

What is the annual fee for Chase?

What is an annual fee on a credit card? Your credit card may charge you a fee (which can range from $49 to $550) each year for being a cardmember and for providing miles, cash back and reward points programs.

What is the Chase 5 24 rule?

Many card issuers have criteria for who can qualify for new accounts, but Chase is perhaps the most strict. Chase's 5/24 rule means that you can't be approved for most Chase cards if you've opened five or more personal credit cards (from any card issuer) within the past 24 months.

Which is better Chase Freedom Unlimited or Chase Freedom?

Chase Freedom Unlimited is the better choice for consumers who want to earn more than 1% as a base rewards rate. Chase Freedom Unlimited users earn 1.5% cash back on all purchases outside the bonus categories, while Chase Freedom Flex earns 1%.

Is downgrading a credit card better than Cancelling?

If you're someone who signed up for a credit card, like either of the Chase Sapphire cards, to earn the welcome bonus and now no longer want it, downgrading is still better than completely canceling the account. And it will earn you new cash-back rewards.