Fee Experience

Reframing banking fees through clarity, context, and control

Overview

I led the transformation of Chase’s fee transparency experience, partnering with cross-functional teams to unlock a $15M opportunity and reduce cost-to-serve by 50%. Through a customer-centered service design strategy, we delivered proactive, intuitive tools that empowered customers to manage fees, make informed decisions, and take control of their financial journey.

Company:

Company:

Company:

Company:

JPMorganChase

JPMorganChase

JPMorganChase

JPMorganChase

Role:

Role:

Role:

Role:

Lead Strategist

Lead Strategist

Lead Strategist

Lead Strategist

Year:

Year:

Year:

Year:

2024

2024

2024

2024

The Challenge

Banks often charge a Monthly Service Fee (MSF) for maintaining a checking or savings account—typically in exchange for services like overdraft protection and ATM access. While customers can avoid this fee by meeting certain requirements (e.g., minimum balance, direct deposit), the experience surrounding it is often unclear.


Chase’s MSF experience lacked transparency around 3 key areas:


  • Why a fee was charged

  • How to avoid it

  • What value the fee actually covered


Though fee information is shared during account opening, there’s a significant gap in ongoing communication. This lack of visibility leaves customers confused, frustrated, and unable to make informed decisions about managing their accounts.

↑ 60%

15% deposit customers incur MSFs annually — projected to hit 60%

3M+

Fee-related inquiries drive over 3M calls annually, costing $12.8M

~500k

MSF is a leading cause of attrition, with ~500k accounts closed annually

↑ 60%

15% deposit customers incur MSFs annually — projected to hit 60%

3M+

Fee-related inquiries drive over 3M calls annually, costing $12.8M

~500k

MSF is a leading cause of attrition, with ~500k accounts closed annually

↑ 60%

15% deposit customers incur MSFs annually — projected to hit 60%

3M+

Fee-related inquiries drive over 3M calls annually, costing $12.8M

~500k

MSF is a leading cause of attrition, with ~500k accounts closed annually

Process

We approached the fee transparency challenge as a service design opportunity—breaking the initiative into 3 distinct phases. I started with mapping the full customer journey and identifying critical moments of inflection where timely, relevant tools could reduce confusion and build trust.

Key aspects of discovery included:


  • Auditing Existing Experience
    Mapped current-state journeys to uncover gaps in fee communication and customer understanding.

  • Validating Secondary Research
    Confirmed key behavioral and attitudinal insights through internal data and prior studies.

  • Benchmarking External Experiences
    Analyzed industry and adjacent players to identify best practices in transparency and trust-building.


Strategy

Through our research, we identified that the core issue wasn’t just fee avoidance—it was a lack of control and predictability in how fees were communicated. Customers felt blindsided, and the absence of ongoing, transparent touchpoints made it difficult for them to proactively manage their accounts.

To address this, we mapped customer journeys across distinct lifecycle stages—pre-acquisition, onboarding, monitoring, and transitioning—to uncover mindset shifts throughout the fee experience. We identified short- and long-term opportunities, layering in behavioral modes (proactive vs. reactive, aware vs. unaware) to guide targeted interventions and messaging strategies.

Lifecycle Opportunities

Experience Principles

We grounded our strategy in four key experience principles designed to shift customer mindset around fees—from frustration to informed control. The goal wasn’t just to clarify fee structures, but to reframe fees as a manageable, expected part of banking—rooted in transparency, not penalty:


  • Simplify
    Use clear, jargon-free language to standardize fee communication across all touchpoints.

  • Personalize
    Tailor insights to lifecycle stages, delivering proactive, relevant messaging aligned to customer behavior.

  • Educate
    Clarify the value behind fees by highlighting the services they cover and how to optimize account usage.

  • Support
    Offer contextual help through self-service, timely alerts, and human-assisted guidance for complex scenarios.

Impact

By embedding these principles across Chase’s omni-channel experience, we transformed fee transparency from a friction point into a trust-building opportunity. The result was a more intuitive and proactive fee experience that:


  • Reduced customer frustration and confusion around fees

  • Increased engagement with self-service tools for fee management

  • Strengthened Chase’s positioning as a customer-first financial partner


By shifting the conversation from fee avoidance to value perception, we aligned this strategy with Chase’s larger "We’ve Got Your Back" mission—helping customers take greater control of their financial well-being.