A group of customers at JPMorgan Chase and Wells Fargo are about to start paying more in monthly service fees.
Chase says all customers who have signed up for Chase Performance Business Checking accounts will soon pay $40 each month.
That’s a $10 monthly increase beginning on January 1st, 2026.
Chase has typically waived the monthly service fee for customers with $35,000 or more in average beginning day balances in qualifying linked business deposit accounts.
Performance Business Checking accounts offer a number of features designed to help customers grow their business.
That includes 250 debits and deposits made with a banker per month and $20,000 of cash deposits made at a branch at no additional charge.
Customers also get all incoming wire transfers and two outgoing domestic wire transfers at no additional charge each statement cycle.
As for Chase’s other business accounts, the monthly fee for Chase Business Complete Banking will remain at $15 per month, and Chase Platinum Business Checking will stay at $95 per month.
Meanwhile, Wells Fargo will soon begin charging $15 per month to customers with Everyday Checking accounts.
That’s a $5 increase starting on November 29th, 2025.
Customers can avoid the monthly service fee if they maintain a $1,500 minimum daily balance in the account, receive $500 or more in total qualifying electronic deposits per month, or hold $5,000 or more in combined qualifying deposit and investment balances across eligible Wells Fargo accounts.
The fee can also be waived if the primary account owner is 17-24 years old.
The monthly service fees for Wells Fargo’s other personal accounts including Clear Access Banking, Prime Checking and Premier Checking will not be increased.
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