Chase Bank warns It Will End Free Checking Accounts

[Chrishaune]

credit unions.

Yeah even at the credit union I have a $5/month fee.

 

[Kornball The Conqueror]

fukk asking for a tip just take

 

[Sauce Mane]

Is this for everyone?

Or is it for people that have only certain amount in the checking?

I know right now if you have over certain amount or direct deposit they waive the fee

 

[The BasedFather]

Buys SoFi stock

$6.45 ain’t bad. You believe it’ll rise substantially in the future?

 

[CrimsonTider]

It’s wild how lawmakers only foresee one move ahead. Capped banks from fukking folks on fees, and don’t have the foresight to see what might happen due to the regulations. The companies pivot and pass the lost revenue to the masses, the masses get mad, and guess who they will blame? The legislation that passed

Oh the politicians know. They know if they do just enough to appear like they are for the people, when their masters(in this instance bankers) find another forseeable loophole to fukk ya over with, they can say "hey we tried to help look at the legislation." Then 15 years from now they'll pass a law about charging for checking accounts after the banks gorged themself for a decade and a half. The bankers(who were foretold about said legislation and probably had their lawyers help write it lol) will just find another foreseeable way to fukk ya and the circle continues

Its all in da game

Monday morning QB type shyt

 

[Deflatedhoopdreams]

Greed is a monster that is never full, not realizing that it will eventually feed on itself.

LATE-STAGE CAPITALISM

 

[Scustin Bieburr]

they're doing everything they can to trigger a financial crisis.

Fixed.

And with the increasing numbers of boomers not being replaced in the workforce, there will be a smaller tax base to draw from. So the government won't be able to bail them out and they'll have to collapse.

God help them if bank runs start.

 

[Elim Garak]

They have to find a way to recoup them overdrafts.

 

[Mike Nasty]

Honest question, what is the point of using a bank over a credit union. Every bank I ever had did some sneaky shyt. There's nothing stopping you from walking in.

 

[richaveli83]

They have to find a way to keep affording Kevin Hart for their commercials.

 

[Thavoiceofthevoiceless]

It’s wild how lawmakers only foresee one move ahead. Capped banks from fukking folks on fees, and don’t have the foresight to see what might happen due to the regulations. The companies pivot and pass the lost revenue to the masses, the masses get mad, and guess who they will blame? The legislation that passed

It makes total sense when you realize that lawmakers and these industries are all in cahoots together.

Solve one problem and create another in its place, so the banking industry still gets their bread either way.

 

[LevelUp]

 

[DetroitEWarren]

Them nikkas will never get the 14000$ I owe them

 

[BushidoBrown]

Spoiler: full text

1/1
JP Morgan Chase Bank: We’ve gorged on our customers’ exploitative overdraft and late fees for decades, and now that we can’t do that, let’s charge them for the money that they store with us that actually enables us to make loans and therefore profit!

MSN


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Spoiler: thread continued

Spoiler: full text

1/5
.@jpmorgan @Chase is - again - threatening to hurt the people they pretend to care about to protect their profits & bonuses. The COO & likely future CEO told @ajsaeedy @wsj that the bank has to raise costs on customers b/c of rules. That is FALSE: they do not have to. 1/4

2/5
.@jpmorgan @Chase's shamelessness knows no limits, w/ COO telling @ajsaeedy @wsj: “The changes will be broad, sweeping and significant. The people who will be most impacted are the ones who can least afford to be, & access to credit will be harder to get.” 2/4

3/5
The truth is that @jpmorgan @Chase has a profits over people strategy: in 2023, it's revenue was a record $158+ BILLION, up 22% YOY; profits were a record $49.6 BILLION, up 32% YOY & the most annual profit by any US bank EVER! All that money comes from customers' pockets. 3/4

4/5
.@jpmorgan @Chase has a choice: charge customers & people least able to afford it more or pay themselves just a tiny bit less in executive bonuses, shareholders a smidge less dividends & buybacks, etc. Read @ajsaeedy @wsj exclusive here: https://tinyurl.com/dwnvefh9 4/4

5/5



To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196

as a publicly traded company their primary responsibility is to maximize value for shareholders, which means finding ways to make as much profit as possible
dude in the tweets thinks chase is here to provide a free public service?

 

[Schadenfreude]

Them nikkas will never get the 14000$ I owe them

So they put you on cheksystems?