Zaba fan possibilities

So, essentially, the system won't automatically detect regular deposits to trigger an offer—meaning you’ll actually have to trek down to a local Chase branch, sign some paperwork, and manually request an overdraft limit. On top of that, they’re slapping a 1% processing fee on whatever amount they decide to approve.

Steven Reed said:So, essentially, the system won't automatically detect regular deposits to trigger an offer—meaning you’ll actually have to trek down to a local Chase branch, sign some paperwork, and manually request an overdraft limit. On top of that, they’re slapping a 1% processing fee on whatever amount they decide to approve.

Aha, I see.😉

Thanks for clearing that up!
Even though I’m pretty sure they won't approve an overdraft for me—despite the fact that I've had steady direct deposits from my employer hitting my checking account for several years now—I think I'll head down there and ask anyway.

Listen, I’m honestly not sure where you all heard that accounts are going to be forcibly converted into fan subscriptions, but that information is completely FALSE. Anyone telling you otherwise is spreading misinformation, likely just to pressure you into signing up for a fan plan, which is incredibly shady and disrespectful. It would be far too much of a headache for a bank to force that kind of change on its customers 😉)

I've got a student checking account and I was wondering about something.

I heard that when someone wants to deposit money into a checking account using a standard paper check or a general payment slip, there might be two different ways to handle it:

a) you put the bank's routing and account number under the recipient's account field, and then just list my specific checking account number in the memo line

b) or, you just put my actual account number directly into the recipient field and leave the memo line completely blank

I guess I'm just curious if both methods work just as well, and if they do, maybe someone could let me know which way they'd suggest I use?

Eric Phillips2 said:I've got a student checking account and I was wondering about something.

I heard that when someone wants to deposit money into a checking account using a standard paper check or a general payment slip, there might be two different ways to handle it:

a) you put the bank's routing and account number under the recipient's account field, and then just list my specific checking account number in the memo line

b) or, you just put my actual account number directly into the recipient field and leave the memo line completely blank

I guess I'm just curious if both methods work just as well, and if they do, maybe someone could let me know which way they'd suggest I use?

?
It doesn't matter what kind of Zaba fan you are or how you send it; you just put the recipient's account number in the account field.
Basically: Bank Routing Number + Your Account Number.

As for the "Model" or "Reference" fields—if they aren't specifically required on the form—you've got options:
Leave them blank.
If you put "99" in the model field, the reference line becomes irrelevant.
Or, just put "00" in the model field (or leave it empty) and type whatever you want in the reference line, like a date, because nobody actually checks that part anyway.

Eric Phillips2 said:I've got a student checking account and I was wondering about something.

I heard that when someone wants to deposit money into a checking account using a standard paper check or a general payment slip, there might be two different ways to handle it:

a) you put the bank's routing and account number under the recipient's account field, and then just list my specific checking account number in the memo line

b) or, you just put my actual account number directly into the recipient field and leave the memo line completely blank

I guess I'm just curious if both methods work just as well, and if they do, maybe someone could let me know which way they'd suggest I use?

It is true that both ways work perfectly fine.
The method in option a) uses the bank's master account number, and from there, the funds are routed to individual checking or savings accounts based on the reference number provided.
In option b), you are essentially typing the bank's routing prefix followed immediately by your own specific account number.
My recommendation? Honestly, it’s pretty much the same thing in the end.

post quot-an s topica Why Bank of America is losing its customer base.

Zvrksa said:how many Windmill perks do you actually have? you can DM me if you want

I used to be on a standard Package before I switched over to the Windmill plan... but then they hiked up all the fees and suddenly the "deal" didn't feel like much of a steal anymore. Now, looking back, I think it's actually 🤷

here is my current breakdown:
- checking + 2 authorized users => used to be $13 annually, now it's $36 🤷
- foreign currency account + 2 authorized users => used to be $28 annually, now it's $28 🤷
- savings account => used to be 0.00, now it's 🤷
- debit card + 1 extra => annual fee $83
- gold tier + 1 extra => annual fee $100
- online banking => annual fee $40
- mobile app => annual fee $40

Basically, if I don't have the Windmill plan, I'm out $288 every year without the mobile app (which I don't even really need), and $328 with the mobile app

the Windmill plan costs me $20 per month, which works out to $240 annually. That said, I get retail discounts, zero fees for up to 15 online or mobile transactions (though I barely touch the app anyway), and when I withdraw cash abroad at Chase ATMs, there's no commission plus Mondial (people who use that say it's a lifesaver)

Plus, I'm planning to swap out my gold tier for the Visa Air Force mall card this fall because it's basically the same thing, just with better discounts at the mall and free parking for three hours...

@Steven Reed ... did I miss anything or get any of this wrong? 😉

Kimberly Nguyen, absolutely not—you are actually quite well-informed 😍
The checking account remains $0.00 😉
If I may add my two cents:
JPMorgan Chase transactions so far have been $0.17 internal, $0.33 external. Starting August 1st, they’ll be $0.33 internal, $0.67 external.
The Mondial assistant service depends on your Windmill tier (dynamic $367 like emergency home repairs, $483 or roadside assistance).
I’ve run my own numbers and I currently hold the flexible option (the one from $30—where I can pull a personal loan or an overdraft and actually break even) 😉

Kimberly Nguyen said:post quot-an s topica Why Bank of America is losing its customer base.

I used to be on a standard Package before I switched over to the Windmill plan... but then they hiked up all the fees and suddenly the "deal" didn't feel like much of a steal anymore. Now, looking back, I think it's actually 🤷

here is my current breakdown:
- checking + 2 authorized users => used to be $13 annually, now it's $36 🤷
- foreign currency account + 2 authorized users => used to be $28 annually, now it's $28 🤷
- savings account => used to be 0.00, now it's 🤷
- debit card + 1 extra => annual fee $83
- gold tier + 1 extra => annual fee $100
- online banking => annual fee $40
- mobile app => annual fee $40

Basically, if I don't have the Windmill plan, I'm out $288 every year without the mobile app (which I don't even really need), and $328 with the mobile app

the Windmill plan costs me $20 per month, which works out to $240 annually. That said, I get retail discounts, zero fees for up to 15 online or mobile transactions (though I barely touch the app anyway), and when I withdraw cash abroad at Chase ATMs, there's no commission plus Mondial (people who use that say it's a lifesaver)

Plus, I'm planning to swap out my gold tier for the Visa Air Force mall card this fall because it's basically the same thing, just with better discounts at the mall and free parking for three hours...

@Steven Reed ... did I miss anything or get any of this wrong? 😉

So, I ran the numbers. For what I actually use, the Windmill isn't worth it—it just ends up costing more. Most of those perks bundled into the Windmill aren't things I need anyway:

Checking account - $6.75 annually (without authorized users)
Standard Mastercard - 150 annually
Online banking - 120 annually
Foreign currency account - 35 annually

Total is $108 per year.

The cheapest Windmill option would run me $240 annually, which is more than double what I'd pay otherwise.
Personally, there's no logic in it. I have no intention of paying for stuff I might never touch—random rewards programs, home assistance, various insurances... just different ways for them to squeeze a few more bucks out of you.

I'm not biting on any Windmills or Packages. I'll just stick to individual services. The day when the cost of my specific services hits within roughly $10 of the cheapest Windmill tier, maybe then I'll consider it. Until then? No thanks. I'm not handing over a cent more than I absolutely have to. 🙂

P.S. Now I'm annoyed with my girlfriend because she blew money on travel insurance for both of us for a full year... we traveled everywhere, never needed it, and I'm the one who footed the bill. Can I actually get my money back? 😉 That money was meant for an "in case of emergency" scenario, but since no emergency happened, I'd like my cash back. Thanks, please, goodbye. 🙂

@Kimberly Lopez65, your math is slightly off—if you want to be precise. 😉
Your calculation works fine until August 1st; however, after that date, both domestic and foreign currency accounts are billed monthly. 😉

Steven Reed said:@Kimberly Lopez65, your math is slightly off—if you want to be precise. 😉
Your calculation works fine until August 1st; however, after that date, both domestic and foreign currency accounts are billed monthly. 😉

So, how much are we looking at for those monthly fees?

Checking $1.75 monthly
foreign currency $1.00 monthly
ECMC continues $50 annually
online banking via JPMorgan Chase $3.25 monthly
JPMorgan Chase transactions $0.33 internal, $0.67 external

Steven Reed said:Checking $1.75 monthly
foreign currency $1.00 monthly
ECMC continues $50 annually
online banking via JPMorgan Chase $3.25 monthly
JPMorgan Chase transactions $0.33 internal, $0.67 external

And honestly, it's still half the price compared to grabbing a Windmill Package loaded with all those useless extras you don't actually need.

But honestly, you're paying more than if you just hired a dedicated payroll assistant 😍
—say, a modern service provider that costs you about $6.75 monthly 😉

Steven Reed said:But honestly, you're paying more than if you just hired a dedicated payroll assistant 😍
—say, a modern service provider that costs you about $6.75 monthly 😉

And what even is this "payment assistant" nonsense? Just another way to sell us snake oil, because:

"Who is the Payment Assistant, and what is the Shopping Set?

Every Jaws customer has a Payment Assistant—a suite of services designed to let you handle all your payments, investments, and obligations on your own schedule and in the way that suits you best.

Jaws also offers a Shopping Set—a range of options to help you afford more, manage your expenses rationally, and again, do it entirely on your own terms.

This means you choose how you want to deal with the bank. JPMorgan Chase ensures it’s as cost-effective as possible for you—you won't pay fees for using your chosen channels or for accessing your account information, and transactions that usually carry a fee are free for you, ranging from 12 to 25 transactions a month depending on which Jaws tier you selected.

It also means you decide how many cards you want, whether they are debit or credit, or have delayed payments, and you pick your own overdraft limit. JPMorgan Chase makes sure it stays affordable—no enrollment or membership fees for your primary or additional cards, and automatic transfers for card payments are free. For overdrafts, the interest rate is lower than standard overdraft rates outside of the Jaws program, and notifications regarding upcoming overdraft amounts are provided at no charge."

I choose how many cards I want regardless—thanks, but one is plenty for me.
As for the overdraft limit—it's something I think is useful to have, but only for emergencies. Personally, I don't use it. I take pride in being in the black every single month. It's not a massive surplus, but it's something. Why? Because I'm disciplined with my spending and I don't have the habit of spending money I haven't earned yet. Because of that, I couldn't care less about overdraft interest rates, since, like I said, I don't use them. Honestly, they should be paying me interest on my balance, not some pennies on an overdraft...
And a notification about a future overdraft amount is "free," get this? Am I the only one seeing how ridiculous that is? I see those alerts on my online banking portal, and frankly, I don't need paper notifications from the bank at all, nor any other physical mail. I don't want it. I specifically asked the bank to stop sending me anything via mail. I have digital banking for all of that, which I'm already paying for.

I'm probably the worst kind of client a bank could ever imagine.

Honestly, you’re probably one of the better ones since you actually pay for everything you use—and man, those banks really do charge for every little thing! I picked up that Jaws package (the flexible one) right before my summer vacation, after having their basic bundle before. I was really eyeing that mobile banking setup and, oh my god, I am seriously obsessed. I don't even touch the old web portal anymore; I don't need a computer or those annoying security tokens because everything is just right there on my phone. It’s so easy and honestly just super convenient. I mean, okay, maybe some people don't care about that, and if you're someone who still loves logging in on a desktop, you'll probably think this is awesome too. Plus, with this Jaws plan, I get a ton of free transactions included, which feels like such a steal now that they’ve jacked up the fees for everything else. But honestly, all that is secondary to how much I love the global assistance feature. I’ve actually used it once or twice already—once for a plumber and once for roadside assistance—and it worked perfectly without any drama... and that’s really the whole point of having insurance, right? You have no idea when things are gonna go sideways, and when they finally do, you’re just lost, but with this, you just make one call and boom, it’s handled.
Anyway, I was super skeptical when my personal banker was walking me through it all because it sounded so pricey, but I have to—even if it kills me—admit that this Jaws thing is actually a pretty solid deal 👍

David Booth3 said:Honestly, you’re probably one of the better ones since you actually pay for everything you use—and man, those banks really do charge for every little thing! I picked up that Jaws package (the flexible one) right before my summer vacation, after having their basic bundle before. I was really eyeing that mobile banking setup and, oh my god, I am seriously obsessed. I don't even touch the old web portal anymore; I don't need a computer or those annoying security tokens because everything is just right there on my phone. It’s so easy and honestly just super convenient. I mean, okay, maybe some people don't care about that, and if you're someone who still loves logging in on a desktop, you'll probably think this is awesome too. Plus, with this Jaws plan, I get a ton of free transactions included, which feels like such a steal now that they’ve jacked up the fees for everything else. But honestly, all that is secondary to how much I love the global assistance feature. I’ve actually used it once or twice already—once for a plumber and once for roadside assistance—and it worked perfectly without any drama... and that’s really the whole point of having insurance, right? You have no idea when things are gonna go sideways, and when they finally do, you’re just lost, but with this, you just make one call and boom, it’s handled.
Anyway, I was super skeptical when my personal banker was walking me through it all because it sounded so pricey, but I have to—even if it kills me—admit that this Jaws thing is actually a pretty solid deal 👍

Convenient?
I don't know about that. To me, it isn't practical at all having to carry physical bills around just so I can pay them through an app. 🙂 Besides, I always have my laptop nearby, usually hooked up to a hotspot, so I can access my online banking pretty much anywhere. I’m sure the mobile app is a solid tool, but for me—and I suspect for most people too—it feels redundant alongside the web portal. Like I said, if you want to pay a bill through the app, you basically still need to have the actual bill on you. And when it comes to tracking my balance (knowing what I’ve spent, when my credit card statements are due, and roughly how much cash I have left, +/- $33?), I prefer the desktop view.
So, I don't see any real-world advantage to using the mobile app daily, other than paying the bank fees they charge just to use it. 🙂

Personally, I feel ripped off when I'm forced into a flat fee for something I don't use, or barely use (like insurance, or in this case, a mobile banking fee if they were to charge one...).

But hey, to each their own. My philosophy is simple: if I’m not using it or consuming it, why should I be paying for the "potential" to use it?

David Booth3 said:Honestly, you’re probably one of the better ones since you actually pay for everything you use—and man, those banks really do charge for every little thing! I picked up that Jaws package (the flexible one) right before my summer vacation, after having their basic bundle before. I was really eyeing that mobile banking setup and, oh my god, I am seriously obsessed. I don't even touch the old web portal anymore; I don't need a computer or those annoying security tokens because everything is just right there on my phone. It’s so easy and honestly just super convenient. I mean, okay, maybe some people don't care about that, and if you're someone who still loves logging in on a desktop, you'll probably think this is awesome too. Plus, with this Jaws plan, I get a ton of free transactions included, which feels like such a steal now that they’ve jacked up the fees for everything else. But honestly, all that is secondary to how much I love the global assistance feature. I’ve actually used it once or twice already—once for a plumber and once for roadside assistance—and it worked perfectly without any drama... and that’s really the whole point of having insurance, right? You have no idea when things are gonna go sideways, and when they finally do, you’re just lost, but with this, you just make one call and boom, it’s handled.
Anyway, I was super skeptical when my personal banker was walking me through it all because it sounded so pricey, but I have to—even if it kills me—admit that this Jaws thing is actually a pretty solid deal 👍

If only you'd tried to be a little less subtle about your JPMorgan Chase advertisement 🙄

Kimberly Lopez65 said:Convenient?
I don't know about that. To me, it isn't practical at all having to carry physical bills around just so I can pay them through an app. 🙂 Besides, I always have my laptop nearby, usually hooked up to a hotspot, so I can access my online banking pretty much anywhere. I’m sure the mobile app is a solid tool, but for me—and I suspect for most people too—it feels redundant alongside the web portal. Like I said, if you want to pay a bill through the app, you basically still need to have the actual bill on you. And when it comes to tracking my balance (knowing what I’ve spent, when my credit card statements are due, and roughly how much cash I have left, +/- $33?), I prefer the desktop view.
So, I don't see any real-world advantage to using the mobile app daily, other than paying the bank fees they charge just to use it. 🙂

Personally, I feel ripped off when I'm forced into a flat fee for something I don't use, or barely use (like insurance, or in this case, a mobile banking fee if they were to charge one...).

But hey, to each their own. My philosophy is simple: if I’m not using it or consuming it, why should I be paying for the "potential" to use it?

I don't know if I'm coming out ahead with the Chase bundle or not, but I can tell you one thing: I sleep way better knowing I've got my car, home, and travel insurance all squared away without having to give it a second thought. ☕
I don't obsess over grocery store discounts either, but it's a nice little win seeing the total drop by a few bucks just because I swiped my card.
And those 15 free transactions? Man, I don't even need more than that in a month since they cover all my utility bills... Honestly, as soon as I get my hands on them, I just log in, schedule the payments for whenever it's convenient, and call it a day.
The mobile app is just part of the Chase package deal. To be honest, my banker basically talked me into it, even though I tried telling her I didn't need it since online banking is plenty for me. I used to be with Commercial and Wells Fargo and Erste, and I was pretty disappointed with both the mobile pay features and Erste's mobile banking. But, I finally gave in and set it up, and the Chase app is definitely worth it. Actually, I can't even remember the last time I had to grab a security token and log into the desktop site, because I'm on the app almost every single day—all I need is my phone.
To wrap it up, I've been a customer at Raiffeisen, Commercial, Postal, and Erste, and while all these banks feel pretty much the same, it seems to me like Chase gives you the most bang for your buck. Especially with these Chase bundles.👍

Can someone give me a plain English explanation of what a 'payment assistant' actually is?
What kind of service is this, and what am I actually signing up for when I agree to a bank's 'payment assistant' contract? 🤷

Thanks