And in fact, the only one on that page that even uses the word “free” - My Access Checking - specifically says “No minimum balance required”.
I’ll quote you a third time:
There are TWO other conditions by which that account will be free. Your statement is still false.
Checking accounts that require a minimum balance to waive the monthly fee are never called “free checking”.
We looking at the same page?
“FREE of monthly fees” starts off every account I can see.
Or are you saying that it’s not misleading because the word free isn’t in the account name?
If so we’ll use “Chase Free Checking” which charges $6 a month if used without direct deposit. Last time I checked $72 a year wasn’t free.
And is it still false if those other conditions are not met?
They’re just pawned off as “no fee” or “free of monthly fees”, which of course has a completely different implication. :rolleyes:
Apparently not.
I don’t see that on ANY of them. For example “Standard Checking” says: “No monthly service charge if balance requirements are met”. Clearly, waiving the montly charge is conditional upon a balance requirement being met. That’s why they call it “Standard Checking” as opposed to “Free Checking”.
What location did you enter? Is it different in your location?
O.K., fourth time:
Break this sentence down logically:
X often ONLY has quality Y if condition Z exists.
This means that in the cases of X to which ‘often’ refers, quality Y CANNOT exist unless condition Z exists.
In order for that sentence to be true, there must be at least one instance of X where, if condition Z does not exist, then quality Y CANNOT exist.
If not - if in fact in ALL cases of X, it is true that Y can be present without condition Z existing, then the statement is not true.
In every example you have given so far, the monthly fee can be waived without the balance necessarily being above a given amount.
Therefore your statement is still false.
Here’s my “free checking” story:
I went into my bank (Colonial Bank) for some other business, and saw a poster saying, “Ask about our FREE CHECKING, offer ends soon”.
Since I was paying $6 a month for my checking, I did just that, the conversation went like this:
ME: I’d like to ask about the free checking - is there a minimum balance?
BANK: No, there’s no minimum.
ME: Well, great then, I’d like to switch over to that.
BANK: You already have an account here?
ME: Yes, I have a checking account, and a savings account.
BANK: Well, that offer is for new customers only.
ME: Oh, you mean they get free checking for 6 months or something like that?
BANK: No, there’s no time limit.
ME: You mean it’s free checking for life, with no minimum balance?
BANK: Yes, but it’s for new customers only.
ME: You mean, I have direct payroll deposit, two accounts, and a mortgage here, and I’ve paid $6 a month for checking for the last 5 years, but the next guy that walks in the door with a hundred bucks cash gets free checking for life?
BANK: Well, um, yes.
{long pause}
Me: So, if I go over to that teller, and get all my money out of my checking account - then drive 5 miles down the road to one of your other offices, I can open a new account and get free checking for life?
Why wouldn’t I do that?
Bank: let me talk to the manager…
They gave me the “free checking” deal.
But I still pay for internet access on the account.
You got a greeting that started with “H”. How’s $20 sound?