Some Chase Bank customers could face new fee

December 24, 2010 3:30:53 PM PST
Chase, Chicago's biggest bank, announced changes to its basic checking account that could make it more difficult for some to avoid a monthly service fee.

Starting on February 8, the bank will require customers to make at least one direct deposit of $500 a month to avoid a $6 service fee.

Qualifying direct deposits include payroll, pension or a government benefit payment like Social Security.

Chase says separate direct deposits that add up to $500 or more do not qualify.