JPMorgan and Wells Fargo Hike Bank Fees: Will Digital Banking See a Surge?

Major banks JPMorgan Chase and Wells Fargo have announced significant increases in their checking account fees, impacting thousands of customers. Starting January 1, 2026, JPMorgan will raise its Chase Performance Business Checking fee from $30 to $40, while Wells Fargo is increasing its Everyday Checking fee from $10 to $15 starting November 29, 2025. These hikes reflect a broader trend of traditional banking institutions adjusting their service offerings as customers increasingly turn toward digital solutions.