topic Re: Chase Checking Account Usage in Personal Finance

Chase Checking Account Usage

keekers — Sat, 30 Mar 2024 20:17:32 GMT

Does Chase get "annoyed" if you don't utilize an open checking account you have with them? I'm consolidating accounts and don't plan on using it any longer. I'll keep a nominal amount in the account to keep it open but won't have any deposits (or withdrawals) hitting that account.

Re: Chase Checking Account Usage

GZG — Sat, 30 Mar 2024 23:09:07 GMT

@keekers wrote:
Does Chase get "annoyed" if you don't utilize an open checking account you have with them? I'm consolidating accounts and don't plan on using it any longer. I'll keep a nominal amount in the account to keep it open but won't have any deposits (or withdrawals) hitting that account.

if you're not satisfying one of these requirements, you'll eat a $12/month fee, so no they won't mind if you're paying the fee or meeting one of these requirements

for the premier plus checking account, if you qualify for these reasons to waive the fee

Re: Chase Checking Account Usage

Kforce — Sat, 30 Mar 2024 23:12:16 GMT

@keekers wrote:
Does Chase get "annoyed" if you don't utilize an open checking account you have with them? I'm consolidating accounts and don't plan on using it any longer. I'll keep a nominal amount in the account to keep it open but won't have any deposits (or withdrawals) hitting that account.

Don't have "Chase" but know of accounts being closed from non use.

I would push $10 dollars every 6 months and then pull it out in three days.

Leave 5-10 in account just sitting.

Call and check what they say.

Re: Chase Checking Account Usage

Kforce — Sat, 30 Mar 2024 23:20:49 GMT

@GZG wrote:
@keekers wrote:
Does Chase get "annoyed" if you don't utilize an open checking account you have with them? I'm consolidating accounts and don't plan on using it any longer. I'll keep a nominal amount in the account to keep it open but won't have any deposits (or withdrawals) hitting that account.
if you're not satisfying one of these requirements, you'll eat a $12/month fee, so no they won't mind if you're paying the fee or meeting one of these requirements

for the premier plus checking account, if you qualify for these reasons to waive the fee

Does not look good

Would need to push $500 in and out every month

Re: Chase Checking Account Usage

keekers — Sun, 31 Mar 2024 00:11:03 GMT

@GZG wrote:
@keekers wrote:
Does Chase get "annoyed" if you don't utilize an open checking account you have with them? I'm consolidating accounts and don't plan on using it any longer. I'll keep a nominal amount in the account to keep it open but won't have any deposits (or withdrawals) hitting that account.
if you're not satisfying one of these requirements, you'll eat a $12/month fee, so no they won't mind if you're paying the fee or meeting one of these requirements

for the premier plus checking account, if you qualify for these reasons to waive the fee

Luckily I qualify for the fees to be waived.

Re: Chase Checking Account Usage

Horseshoez — Sun, 31 Mar 2024 01:32:31 GMT

@keekers, I opened a Chase checking (and savings) account back in December of 2022 thinking I might need it if certain things on my financial radar took place; they didn't. I never wrote a single check from that account, and finally close both accounts a few weeks ago; they never seemed bothered by the inactivity.

Re: Chase Checking Account Usage

FicoMike0 — Sun, 31 Mar 2024 01:54:30 GMT

why not close it?

Re: Chase Checking Account Usage

keekers — Sun, 31 Mar 2024 01:59:26 GMT

@FicoMike0 wrote:
why not close it?

I may at some point. I have a business checking account with them also that I do use and I still have a couple Chase cards on my list I want to get down the road just in case it makes any difference on an approval.

Re: Chase Checking Account Usage

TrapLine — Sun, 31 Mar 2024 03:41:49 GMT

In reviewing Chase Checking Accounts (today) I found to avoid fees you need: 1) an account with a minimum Direct Deposit of $500, b) an account with $1500 average daily balance or c) an account with a minimum average daily balance of $5000 in a combination of accounts.

Point is you will be tying up some funds to just keep a token account.

Re: Chase Checking Account Usage

keekers — Sun, 31 Mar 2024 03:51:07 GMT

@TrapLine wrote:
In reviewing Chase Checking Accounts (today) I found to avoid fees you need: 1) an account with a minimum Direct Deposit of $500, b) an account with $1500 average daily balance or c) an account with a minimum average daily balance of $5000 in a combination of accounts.

Point is you will be tying up some funds to just keep a token account.

I'm exempt from the fees.

Re: Chase Checking Account Usage

SouthJamaica — Sun, 31 Mar 2024 11:22:09 GMT

@keekers wrote:
@TrapLine wrote:
In reviewing Chase Checking Accounts (today) I found to avoid fees you need: 1) an account with a minimum Direct Deposit of $500, b) an account with $1500 average daily balance or c) an account with a minimum average daily balance of $5000 in a combination of accounts.

Point is you will be tying up some funds to just keep a token account.
I'm exempt from the fees.

Well, since Chase has a strongly demonstrated policy of charging fees on inactive accounts, and since you're not going to be paying them any fees, if I were you I would work on the assumption that yes, they will eventually become "annoyed" with you. Even worse, they might someday -- through a change buried in some fine print legalese -- remove the exemption(s) which you presently enjoy.

Bottom line, Chase is not a friendly place for inactive accounts.

Re: Chase Checking Account Usage

Rogue46 — Sun, 31 Mar 2024 15:16:18 GMT

This is good information to know, My main checking is with DCU which is where all my paychecks go into then I will transfer funds over to my Chase account basically just for the sake of having better access to my money since there are no DCU branches locally but I almost never pull funds out of the Chase account so it would be considered inactive except for money going in. I wonder if that makes a difference?

Re: Chase Checking Account Usage

keekers — Sun, 31 Mar 2024 15:35:43 GMT

@Rogue46 wrote:
This is good information to know, My main checking is with DCU which is where all my paychecks go into then I will transfer funds over to my Chase account basically just for the sake of having better access to my money since there are no DCU branches locally but I almost never pull funds out of the Chase account so it would be considered inactive except for money going in. I wonder if that makes a difference?

No way, you're a bank's best friend! haha.

Re: Chase Checking Account Usage

AndySoCal — Sat, 06 Apr 2024 01:29:18 GMT

@Rogue46 Use the link below and put in your zip code in the search box.https://www.dcu.org/dcu-support-center/branches-atms.html

I live in Los Angeles there no fee ATM'S where there are no DCU branches or any of the credit unions I belong to. Credit Unions are not like banks where only can use their ATM.

Re: Chase Checking Account Usage

Rogue46 — Sat, 06 Apr 2024 14:33:01 GMT

@AndySoCal wrote:
@Rogue46 Use the link below and put in your zip code in the search box.https://www.dcu.org/dcu-support-center/branches-atms.html

I live in Los Angeles there no fee ATM'S where there are no DCU branches or any of the credit unions I belong to. Credit Unions are not like banks where only can use their ATM.

Yes there are no fee ATMs I can access nearby but if I needed a large sum of money it's more difficult. I once had a check that came to my wife and she signed it over to me to deposit and the same credit union I can withdraw funds from via the dcu network refused to take it so just to be safe I keep the bulk of my funds with Chase