"By Cashing This Check": a sneaky bank trick

Not to sound too cranky, but I have to admit that I really hate invitations like the one I got this afternoon from JP Morgan Chase Bank. I open the official-looking letter that said "Check Enclosed" and, sure enough, the first thing I see is a check for $20.00 made out to me.

Nice! The bank's sent me twenty bucks.

But I know better. Reading the small print, it says "Cashing or depositing this check automatically enrolls you in the optional payment protection plan." Oh. Hmmm.

Oh, and did I mention that it's signed by the quasi-mythical Carter Franke too?

The small print explains that...

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