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1. Tuesday, January 25, 2011 - 10:08 PM
Historically, people have been reluctant to change banks, even if they're dissatisfied, thus Chase offers cash to bribe them (knowing that they're unlikely to change again).
I generally agree with your review. Chase is an excellent bank for somebody seeking traditional branch services; it's upfront about its fees, clears debits in the order they're received and has an online bill pay system that allows you to schedule a payment late into the evening for delivery the next day (most bills, anyway; in contrast, many banks require you to schedule by early afternoon for delivery 48-hours later). Its debit card rewards (ending for new sign-ups soon) is among the better programs. Interestingly, Chase has been adding features like (limited) remote deposit yet continues to offer gimmick promotions (“Chase picks up the tab,” and “double your deposit”) that require registration with a banker (who will pester you to sign-up for other services as well).
But you're right. Somebody chasing rates (deposit and loans) and who rarely utilizes traditional branch banking will be better off with another bank.
I generally agree with your review. Chase is an excellent bank for somebody seeking traditional branch services; it's upfront about its fees, clears debits in the order they're received and has an online bill pay system that allows you to schedule a payment late into the evening for delivery the next day (most bills, anyway; in contrast, many banks require you to schedule by early afternoon for delivery 48-hours later). Its debit card rewards (ending for new sign-ups soon) is among the better programs. Interestingly, Chase has been adding features like (limited) remote deposit yet continues to offer gimmick promotions (“Chase picks up the tab,” and “double your deposit”) that require registration with a banker (who will pester you to sign-up for other services as well).
But you're right. Somebody chasing rates (deposit and loans) and who rarely utilizes traditional branch banking will be better off with another bank.
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