Chase Launches New Low-Cost Checking Account for the Underserved

The new account is aimed at consumers who may not otherwise have a traditional banking relationship; the account still comes with a monthly service fee of $4.95, but offers the traditional Chase benefits; Chase Secure Banking builds on Chase Liquid, their reloadable prepaid card but the bank realized that customers want a full banking experience; the Chase Liquid account will no longer be offered to new customers. Source