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JPMorgan Said to Drop Plan for Monthly Debit-Card Fee After Test

JPMorgan Said to Drop Plan for Monthly Debit-Card Fee
JPMorgan Chase & Co. signage is displayed at a bank branch in New York. Photographer: Robert Caplin/Bloomberg

JPMorgan Chase & Co., the biggest U.S. bank, decided against charging a monthly fee for debit-card use, according to a person with knowledge of the matter.

The bank was testing a $3 fee in Georgia and northern Wisconsin, according to the person, who asked for anonymity because the bank’s decision hasn’t been made public yet. The New York-based company has also halted a $15 fee for basic checking that was being tested in Georgia, the person said.

Kristin Lemkau, a spokeswoman for the bank, didn’t immediately return e-mails and a call seeking comment.

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