JPMorgan Chase Hikes Business Deposit Fees

JPMorgan Chase to hike fees on business checking accounts: A 33% increase in monthly service fees and a 25% rise in transaction fees for Chase Performance Business Checking accounts, including those with interest, set to begin January 1st. Fewer than 5% of business customers will be affected, with fees potentially waived for accounts maintaining an average daily balance of $35,000. The bank aims to optimize product offerings and revenue streams, following a 72% increase in business banking deposits from 2019 to 2024.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.