OLYMPIA, Wash. – The 85-cent ATM fee that JPMorgan Chase charges Washington welfare clients could soon be a thing of the past. The state hopes to have a deal by the end of the month with JPMorgan on a new, lower cost contract for electronic benefits.
We first reported on the 85-cent fee because JPMorgan Chase wasn’t disclosing it at ATM machines. Now the fee is disclosed. But critics say it amounts to a tax on the poor.