Good afternoon everyone, I hope you all had a great weekend. I really enjoyed the Virtual Chicago Seminars and the virtual networking events – I look forward to seeing everyone in person next year in Chicago. In other news, I was reviewing my recent Chase Savings Account statement and saw this announcement. A few things are strange and stand out to me. First, these changes affect Chase Checking Accounts, not Chase Savings Accounts, so I am not sure why this appeared on my recent savings statement and not my recent checking statement. Secondly, the changes went into effect on September 13 and this statement covers the time period of September 17 through October 16, so I would have expected this announcement on my previous statement. But enough about those details, let’s cover the changes in the announcement.
Effective September 13, Chase will include additional electronic payments that post to your checking account to qualify for the monthly service fee waiver. I will go into those changes in the next section.
Effective December 1, Chase debit card holders will no longer have access to benefits in the Visa Benefits Package. I couldn’t find a link to what is included in the Visa Benefits Package, but I found a link for Chase Business Checking Accounts that mentions Purchase Security, Extended Protection, Auto Rental CDW, and Travel and Emergency Assistance. I assume most / all of those benefits are included in the personal / consumer version of the Visa Benefits Package, so it is sad to see those benefits ending on November 30 for Chase debit card holders.
