So it’s an end to financially strapped customers being squeezed by exorbitant late/overdraft fees to fund free accounts for everyone else.
Sounds like that was always a screwed up business model.
Also, when the CEO announces price increases and says “expects other banks will follow suit” that is designed to give cover to the other banks. JP Morgan takes the reputational hit for being first, to make it easy for the rest to raise prices also. Collusion in the open, so that JPM doesn’t lose customers to competitors.
What is your bank’s wealth management team doing for you? I’ve always assumed they were overpriced and set up to sell their own products.