20 years ago a bank whos name I dont remember sold me to First Chicago, they sold me to Bank One and they sold me to Chase.

I now get a letter from Chase saying that they will charge me $12.00 a month if I dont have 5 debit card transactions or $500 in deposits a month. I have until February to accept this or close my account.

I called Chase and asked if I deposited $1300 (1960s saving bond I saved for rainy day) would my account still be free.

I was told no, I would have to deposit $500 a month or spend via 5 debits a month. I asked if I took money out money at the ATM (thinking I could deposit it back) would that count. Nope, you have to use your debit card to buy stuff.

Really? What is wrong with this picture? I have to pay fees if I dont buy stuff every month?

My account wasn't earning intrest anyway, it will now be moved to under my mattress.