Let me cut to the Chase
JP Morgan Chase, you’re fired. I want you and your fees out of my life. I want your big mega-bank rules and regulations to hit the road. Don’t look back, because I’m not.
I know you’ll cry foul and say that the Dodd-Frank bill has “tied your hands” and forced you to charge me fees for the “privilege” of having an account with you. But, I can’t abide by you crying poor and still making $4.8 billion in profits in the 2nd quarter of last year. And you’re also getting rid of reward checking. I don’t agree with you, but I respect capitalism and think you have every right to run your business the way you see fit.
As a consumer, I too have a right to run my family “business” however I prefer, and $120 a year in fees is not a practice we embrace.
I buy my milk, eggs, honey, and meat locally. And now? Now I’m adding banking locally to my repertoire. I’ve joined a credit union that will reward me with doing my business there. There are plenty of local branches, and if for some reason I need to use another bank’s ATM, they will reimburse me for those fees. And when I call them with a question, they pick up the phone.