Understanding your Bill from Chase

If Chase Bank is hiding fees in your bill, you may have legal options.

Chase is one of the most well-known banking institutions in America, and they’re just like most other major banks in that they hide charges and other fees within your statement without directly explaining why you were charged in the first place. In this guide, we’ll break down all the potential causes for additional fees and help you understand your Chase bill. Let’s get started.

What’s On Your Chase Statement

For Chase Banks, the summary of your account and any withdrawals or deposits will be crunched into a small gray corner box on the side of the bill or statement. You’ll find the “Charge & Fees” section clearly located at the bottom of this box, which is where you can find any additional charges or fees that Chase charged you. Financial adjustments are usually corrections to the account or refunds on Chase’s part.

What Are the Extra Charges You Might See?

Chase as a number of additional fees that you might be charged. Their “service” fees are particularly well known and disliked, but let’s explain them and others now:

  • Service: as mentioned, you can’t avoid the service fees that Chase charges your account unless you maintain certain amounts within those accounts every month. The basic service fee for a savings account is $5, although you can avoid this by having a premier plus or premier platinum checking account. Or you can have a minimum daily balance of $300 or more or if you have a repeating transfer $25 or more into the savings account every month. The only exception to this is if you’re under 18 years old
  • For checking accounts, you have a $12 monthly fee for everyone except students, who pay a fee of $6. You must maintain a monthly balance of $1500 or more or if you direct deposit more than $500 into the account each month.
  • The Chase premier plus account comes with a $25 monthly fee that can be waived if you maintain a daily balance of $15,000. This fee is the same for the chase premier platinum account, although it can only be waived with a daily balance of $75,000 or more
  • ATM: Like most major banks, Chase charges a fee of $2.50 if you withdraw money from an ATM not under their umbrella. An international ATM costs $5 more for withdrawals and $2.50 for inquiries or money transfers
  • Overdraft: Chase charges overdraft fees of $34 per item unless the items are five dollars or less. An additional $15 charge will be incurred every five days after if the account remains overgrown
  • Withdrawal limit: if you make more than six withdrawals from your savings account in a month you get charged a $5 fee

How to Contact Chase

If you want to dispute a charge or you have another question we haven’t answered, you can go to the Chase customer service page, where they have several pre-written answers for FAQs and ways for you to contact a customer service specialist.

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