Chase To Ease Up On Withdrawal Fees On Savings Accounts

In a move that will help customers, Chase drops additional withdrawal fees and reduces the excess withdrawal fee on savings accounts.

Chase will make it less costly for customers with Chase Savings and Chase Plus Savings accounts to make regular withdrawals.

Starting November 19, Chase will remove the controversial Additional Withdrawal Fee, a $3 charge for each time you take out money after the fourth withdrawal each month. The change applies only to the Chase Savings account as the Chase Plus Savings account doesn’t currently have such a fee.

So, the first six withdrawals per month on the Chase Savings account will be free.

Also, Chase will lower the Savings Withdrawal Limit Fee from $12 to $5 per withdrawal or outbound transfer over the monthly limit of six. For the Chase Plus Savings account, this fee can be waived with a balance of $15,000 or more at the time of withdrawal.

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