trending Market Intelligence /marketintelligence/en/news-insights/trending/WvO_KQK9NtTkF_84QP2DNQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

JPMorgan launches low-fee, checkless accounts

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

JPMorgan launches low-fee, checkless accounts

JPMorgan Chase & Co. will now offer checkless accounts that have access to its mobile app, branches and ATMs with a monthly charge of $4.95 and no minimum balance requirement, Reuters reported.

The new account, called Secure, will not have overdraft charges. Secure also comes with debit cards, digital payments and free check cashing services, according to the publication.

Thasunda Duckett, CEO of Chase consumer banking, told Reuters that she hopes the product will entice more low-income customers and those who have never had bank accounts. Duckett also told the news service that while the company will still make "some money" with Secure, it will not be as profitable as other business lines.

JPMorgan's launch of Secure comes on the heels of its plan to open up to 90 retail branches in 2019, of which about 30% will serve low- to moderate-income communities. In a February investor presentation, the banking giant said it plans to expand its physical footprint to 93% of the U.S. population by 2022.

In January 2018, JPMorgan said it also plans to add 500 home-lending advisers to increase services in low- to moderate-income communities to $50 billion over the next five years. It also said it would expand its home-ownership grant program nationwide.