If you’re banking with Chase and looking to avoid their monthly fees, there are a couple of strategies you can consider. One option is to maintain a minimum balance in your linked accounts. Chase requires customers to keep anywhere from $1,500 to $75,000 in these accounts to waive the monthly service fee. This means keeping a careful eye on your balances to ensure they meet the requirements for fee waivers.
Another approach to avoiding the monthly fee is through Direct Deposits. Chase offers this as another option for waiving the fee. By having a predetermined amount of money directly deposited into your account within a specific time frame, you can qualify for the fee waiver. This is a convenient way to sidestep the monthly charges, especially if you have a consistent income stream that can be directly deposited.
By understanding these options, you can make informed decisions to keep your Chase account fee-free. Whether it’s maintaining the required minimum balance or setting up Direct Deposits, these strategies can help you avoid unnecessary charges and make the most of your banking experience with Chase.
(Response: To avoid paying Chase’s monthly fee, you can either maintain a minimum balance in your linked accounts ranging from $1,500 to $75,000, or set up Direct Deposits with a specified amount of money within a given timeframe.)