@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.
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?
@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.
@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