I'm just a tad peeved right now. I got a message form Chase Bank. Now, normally I just chuck it into the trash bin, but for the heck of it, I opened it.

I will state, I have no overdraft protection. Which means, if I should possibly go over the limit, I would have the purchased refused and so, NOT encounter a dreaded overdraft fee.

Well, I guess alot of people have thought the same way. Now CHase Bank is saying that if I want to keep the account, I will (As of Fe 8th, 2011) have to pay $10 a month to do so.

I just looked in my gift card drawer and see 15 gift cards bought from Chase. That's $52.50 in FEES for buying them. Never mind I was told that the free checking would always be "Free" (Yeah right) but this wonderful message comes right now what with all the holidays approaching.

Well, Chase gets a lump of coal this year and everyone afterward. I'll be looking for a new bank to deal with....GRRRRRRRRRR

Gene...

I also have two checking accounts from Chase and both are covered by overdraft protection for FREE...and I too have received "the letter" about the new feature starts from Feb.2011 but when I asked(called) them if it will cost me anything and they stated definitely NO so call or go in and ask to be sure...

P.S. The only time I pay the fee was to upgrade all my cards which cost me $29 for only one and the rest were free to combine the points...but I received over $190 so far so it was not too bad.

OK, maybe I should have clarified a few things.

I can avoid the "Fee" if I have
1. $1,500 min in checking acocunt (Daily basis)
2. 1 DD of $500 or more per month. (2 or more of DD's of less then $500 don't count) I get a weekly of $334 per week.
3. Min $5,000 in more then one account (Daily basis)
4. Pay $25 (Or more) in monthly account fees (Not including the $10 monthly)

if I should ever bounce a check, I sure would get charged, that's why I use no checks, only debiting (automatic) from my account for other things.

But I don't need the OD protection as i do watch my account and don't risk gambling or major purchases when I may exceed my balances.

That's why I am a bit ticked about this whole thing..Yes, I will be looking at other banks...Bummer is I can only look or deal with them on weekends as I have to use the bus (For now) to get around and that's usually weekends as I get off at 5pm....