The potential charges, says Marianne Lake, CEO of consumer and community banking at JPMorgan, are a result of new regulatory rules that cap overdraft and late fees. Lake says Chase will be passing along those increased expenses to customers, which would put an end to now-free services such as checking accounts and wealth management tools. And she says she expects other banks will follow suit.

  • Vinny_93@lemmy.world
    link
    fedilink
    arrow-up
    3
    ·
    8 days ago

    I have accounts at two different banks but I don’t have any credit cards. Debit cards are way more widely used in Europe. Every bank in the Netherlands will charge you a fee for opening an account.