J.P. Morgan Will Charge Large Clients In Westchester, Nation Deposit Fees

WESTCHESTER COUNTY, N.Y. -- J.P. Morgan Chase & Co. is set to start charging large institutional clients in Westchester and throughout the U.S. deposit fees, according to marketwatch.com.

J.P. Morgan will begin charging its larger institutional clients deposit fees.
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Joe Jenkins

02/24/2015 1:00 p.m.

The new measure will not impact regular retail clients, but institutions like hedge funds, financial firms and private equity firms could see the new charges, marketwatch.com said.

J.P. Morgan said holding funds for larger clients is becoming too costly and is now looking to discourage these types of large deposits, marketwatch.com reported.

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