Why Is Chase Charging Me A $12 Service Fee?

Why did my bank charge me a service fee?

The Ins-And-Outs of Bank Fees.

To make a profit and pay operating expenses, banks typically charge for the services they provide.

When a bank lends you money, it charges interest on the loan.

Even fee-free checking and savings accounts have some fees.

Does Chase charge a fee for currency exchange?

The likes of Chase, Bank of American, Capital One, and other major credit card issuers offer specific no foreign transaction fee cards. However, don’t use your credit card for a cash advance to receive foreign currency.

Does Chase Bank charge monthly fees?

Like a lot of big banks, Chase charges a monthly service fee ($10 to $12 per month) for its Chase Total Checking accounts.

What bank is better than Chase?

Winner: Bank of America

NameMinimum deposit to openOut-of-network ATM fee
Bank of America Advantage SafeBalance Banking$25$2.50
Chase Premier Plus Checking$0$2.50
Bank of America Advantage Relationship Banking$100$5
Chase Sapphire Checking$0$0

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How long does it take to close a Chase bank account?

While closing your account at a branch is the quickest option, the other methods are almost as quick, with a turnaround time of 2 to 3 days upon receipt of your request.

What is the best way to avoid bank fees?

Here are some proven tips:

  • Utilize free checking and savings accounts. Many banks still offer them.
  • Sign up for direct deposit.
  • Keep a minimum balance.
  • Keep multiple accounts at your bank.
  • Use only your bank’s ATMs.
  • Don’t spend more money than you have.
  • Sign Up for Email or Text Alerts.