JPMorgan Warns Customers: Prepare to Pay for Checking Accounts
As a long-time customer of JPMorgan, the news of potentially having to pay for my checking account definitely doesn’t sit well with me. The idea of being charged a fee for accessing my own money, money that the bank profits from, seems incredibly unfair. It’s frustrating to see an institution that already rakes in massive profits now looking to squeeze even more out of hardworking individuals.
Looking at the bigger picture, it becomes clear that this move is just another attempt by banks to maximize their profits under the guise of what’s best for customers. The notion of being forced to maintain a minimum balance or use direct deposit to avoid fees is a slap in the face to those who may not have the financial means to do so.… Continue reading
John Q. Hosedrinker