JPMorgan Chase Hikes Business Deposit Fees
Update: 2025-12-08
Description
JPMorgan Chase to hike fees on business checking accounts: A 33% increase in monthly service fees and a 25% rise in transaction fees for Chase Performance Business Checking accounts, including those with interest, set to begin January 1st. Fewer than 5% of business customers will be affected, with fees potentially waived for accounts maintaining an average daily balance of $35,000. The bank aims to optimize product offerings and revenue streams, following a 72% increase in business banking deposits from 2019 to 2024.
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