Chase Bank is a bank in the United States with over 4,500 branches and 15,000 ATMs. It operates traditional mobile and online banking services for individuals and firms. The bank is one of the subsidiaries of JPMorgan Chase & Co.
Aside from receiving deposits, processing transactions, money lending, and more, its wide range of online banking services are also top-notch making it easier for individuals and businesses to access their funds and process transactions right from their internet-supported gadgets coupled with high-end security to keep funds secure.
In this Chase Bank Review, we will provide you with important information about Chase bank, its products and services, and its online banking service which has remained one of the most sought services by its large and growing customers.
Accounts that can be opened at Chase Banks
Being a digital bank, it offers modern banking as well as an improvement in conventional banking methods. That makes it easier for consumers to select what suit their needs.
There are different accounts to choose from depending on what you want. They are Checking Account, CD Account, and Savings account which is the most common one.
#1. Checking Account
There are three types of Checking accounts. They are everyday checking, kids and students checking, and premium account
1. Everyday Checking Account
Under the Everyday checking account, there are three account types, namely Chase Total Checking, Chase Secure Banking, and Chase Premier Plus Checking. All the accounts can be used for mobile, online bill payment, and online banking.
It also allows users to take advantage of Zelle. It is one of the ways to receive and send money to people with a bank account in the US. A debit card is accompanied by the account to make carrying out your various transactions easier for you.
Chase Total Checking Account is the most popular one among the accounts offered on Everyday Checking Account. The account user is charged a $12 fee which can also be waived after meeting one of the conditions to enjoy a zero-fee account.
Chase Secure Banking is a simple checking account with no overdraft charges. A fixed price of $4.95 is attached to the checking account. Also, Chase Premier Plus Checking Account provides more benefits and helps you save money on money orders, counter checks, and more. There is a $25 maintenance fee on Chase Premier Plus Checking which can also be ruled out after meeting certain requirements.
2. Premium Checking Account
There are three account types under Premium Checking, they are Chase Sapphire Banking, Chase Private Client Checking, and Chase Total Checking.
Chase Sapphire Banking has a $25 service fee attached to it but can be waived after meeting the set conditions. Chase Private Client Checking has a maintenance fee of $35 which can also be waived when you meet some conditions.
Both accounts being premium accounts afford you more benefits and some perks that do not come with everyday checking accounts such as no Chase fees for checks, at non-Chase ATMs, foreign exchange rate adjustments, stop payments, and more. However, you will find Chase Private Client Checking offering you more and that includes having your own dedicated advisor from the bank for your business, discounts on home and auto loans, and close collaboration with a Private Client Banker. The accounts allow you to earn interest as well which is still low when you compare the rates with most of Chase Bank’s competitors.
Chase Total Checking is the most popular checking account with all the essential features. There is a monthly service fee of $12 on the account which can be waived by meeting one of the conditions. On this account, you do not earn interest, No Chase fees for checks, and some other features known to the other two.
3. Kids and Students Checking Account
They are not too young to own a checking account, there are also good Chase accounts to select from for your wards or children between the age of 6 to 27:
1. Chase First Banking: This Is a parent-owned account and children aged 6 to 17. The account comes with no monthly service fee, zero deposit to open, and supports Chase Online Banking, Online Bill Pay, and Chase Mobile Banking but with some restrictions. As a parent, you can control how much they can withdraw along with other benefits they can enjoy as an account holder.
2. Chase High School Checking: This is a Parent co-owned account and children from age of 13 to 17 years. The account can’t be opened online but has to be carried out at any Chase Bank with both parents and child/ward present. It has all the features of Chase First Banking except that parents cannot set limits on how much they can spend since it is co-owned.
3. Chase College Checking: This account is suitable for college students from the age of 17 to 24. There is a monthly fee of $6 for the account, but can be waived by showing proof of being a student. The consideration is for 5 years of being a student. There are also other ways to waive the fee including having an average ending day balance of $5,000 or more in your account or receiving electronic payment from government benefit providers and payroll providers.
#2. Savings Account
Chase Bank has two Savings account options customers can choose from, namely Chase Savings and Chase Premier Savings.
1. Chase Savings
This is the most popular one among the two and it provides you with both conventional and modern banking benefits. Customers also get to earn interest which is very decent when you look at the rates in the industry.
Chase Savings has a maintenance fee of $5 but can be waived when you meet some set conditions. To have the service fee waived, you will have to meet any of the below conditions:
- Have a $300 balance or more at the beginning of each day.
- Not yet 18 years of age.
- $25 or more in total Autosave or other repeating automatic transfers from your personal Chase checking account.
- A college checking account that has been linked to Chase Savings to enjoy Overdraft Protection.
- The savings account is linked with any of the following accounts: Chase Private Client Checking account, Chase Sapphire Checking, Chase Better Banking Checking, Chase Premier Checking, or Chase Premier Plus Checking.
2. Chase Premier Savings
Another Chase bank savings account worth checking is the Chase Premier Savings, an account known to give much more. It comes with a monthly service fee of 25 dollars but can be waived provided you meet one of the requirements below:
- Have $15,000 or more in this account at the beginning of each day.
- Your Chase premier savings account linked with Chase Premier Plus Checking or Chase Sapphire Checking.
#3. CD (Chase Certificates of Deposit)
Customers of the bank can also take advantage of Certificates of Deposit offering various duration between one year to 10 years. To apply and successfully open a Chase CD, a minimum deposit of $1,000 is required. By making a bigger deposit, customers can enjoy higher interest rates.
Interest can be paid monthly, quarterly, semi-annually, annually, or at maturity depending on how you want it. You do not need to visit the bank to open a CD unless you are opening with at least $1 million which will require you to visit any Chase bank and speak with a representative.
Also, before going ahead with Chase Certificates of Deposit, there are some important rules you should be familiar with. If you close it before the maturity date, you will have to deal with penalties that may differ from one another depending on their expected maturity date.
CDs are renewed automatically once they reach maturity. You can change duration, renew, add more funds or withdraw during the 10 days grace period after maturity
CDs could be more beneficial than savings accounts in terms of interest. However, ensure it is a fund you won’t be needing anytime soon to fully enjoy the whole benefits.
How to sign up for a Chase Online Account?
All accounts can be opened at any of the Branches of Chase Bank. But for Chase Online Account Opening, we can guide you on how to open within a few minutes. It is very important to know that not every account can be opened online as some will require your physical presence at the bank. Sign up online at www.chase.com. However, a step by step instructions will be provided for those who will want to sign up online
Requirements needed to open a Chase Account Online:
- Government-issued photo ID or driver’s license
- Individual Taxpayer Identification Number or Social security card.
- Birth Certificate or Passport
- Proof of Address which must show your name and address.
How to Open a Chase Bank Account Online
1. Confirm eligibility requirements
For most accounts, you need to be at least 18 years of age. There are also children’s accounts, parent and child co-owned accounts, and more that have their respective conditions.
There are savings and checking accounts with each having their respective requirements like age. It is important to know what it will take to get your application processed and confirmed by the Bank officials
2. Choose the right account
There are different accounts on Chase and you need to be sure the kind of account is suitable for you as well as other conditions that must be met.
The most popular account for customers is savings accounts. The questions you want to be asking yourself are what exactly are you looking for in account, its various limitations, and its benefits.
If you are just a regular saver, then a savings account should be okay, but for someone who will be using it for business, you want to check out the account types under the checking account. Chances are you will find one close to what you are looking for in account or just exactly.
3. Initiate the signup process
Not every account can be fully opened online, some will require you to visit the bank. However, for most of the ones that can be opened, the bank has made it easier for you to get started.
Follow the below steps to open a chase bank account online:
- Visit www.chase.com from your computer, smartphone, or any other internet-supported device.
- Click the hamburger Menu, otherwise known as a three-line menu bar or 3 horizontal line menu.
- Select Checkings & Savings from the list.
- Choose between Checking or Savings to take a further step.
- Click “Open Now” to begin your Chase Account Opening Application online.
- Follow the prompts to complete your application.
How to Sign in to your Chase Online Banking Platform
There are multiple ways to sign into your chase account online, including through the website and app. With Chase Online, you will be able to manage your account, carry out transactions, pay bills, view statements, and more.
- To sign into your Chase online banking platform, simply visit www.chase.com.
- Click “Sign in” located at the top of the page.
- Enter your username.
- Provide your password.
- Click Sign In to access your Chase bank account online.
Note: Alternatively, download the Chase Bank app and use it to access your account online. Meanwhile, if you are using the bank app, then we will assume you are making a temporary switch from online banking to mobile banking which is almost the same except for the interface.
How to sign up for Chase Online Banking
If you are yet to sign up for online banking on the Chase Bank Platform, you will need to register to access your account from anywhere.
1. Go to the Chase online banking sign-in page and click “Not Enrolled? Sign Up Now” to begin the process.
2. Provide your Social Security number or Tax ID number, the type of account you will like to access, and your bank account number.
3. Choose a username and click “Next”
4. Follow the online prompts to complete your registration.
Chase Mobile Banking App for an easier transaction
With the app, it makes it easier for you to carry out various transactions from anywhere. It is even a better option than a website. Download the app and start managing your account from anywhere, check your account balance, use chase quickpay on Zelle to send payment or get paid with just an email address or phone number, and more using your Android or IOS (Apple iPhone or Ipad device)
- Play Store: Download Chase Bank App for Android.
- IOS: Download Chase Bank App for iPhone and iPad.
Frequently Asked Questions (FAQ)
Does Chase Bank Support Zelle?
Yes, Zelle is supported on the Chase Bank Online Platform and it provides you the quickest and easier way to send and receive money to friends, family, or partners with just an email address or phone number connected to the account. Zelle can be accessed via mobile and on Chase’s online platforms.
Is it free to open a Chase bank account?
There is no minimum deposit required to open an account with Chase Bank. However, you may be subjected to a monthly service payment for some accounts. This can also be waived by meeting one of the conditions set for the account.
How do I access my Chase bank account online?
One of the key benefits of banking online is to be able to access and bank from almost anywhere with Chase bank. With Chase Online Banking and Chase Mobile® Banking, you are good to go.
- To sign up, visit chase.com and tap “Not enrolled? Sign up now.”
- After, get the Chase app from Google Play Store or App Store, and log in with your username and password.
How do I activate my ATM card?
After receiving your debit card from the bank, proceed to the ATM and activate using your PIN. Alternatively, you can call 1-800-290-3935 for help.
Can I get a loan from Chase Bank?
Chase bank offers loans to customers from time to time. Some of the loan products you can apply for are Auto loans, Mortgages, and home equity lines of credit.
Is Chase online banking safe to use?
Chase online banking is very safe to use as all Chase bank accounts are insured by the Federal Deposit Insurance Corporation. However, it is important to follow some safety precautions.
Always type in the bank’s original site into your browser, and never attempt to use any link sent to you from a third party. Ensure the site is also using HTTPS, keep your passwords secure and avoid sharing with third parties.
Use a leading and secured VPN to encrypt your internet connection. Set text alerts and ensures you add another layer of security, multifactor authentication. By following these practices, your online transactions should be secured.
What is the difference between Chase mobile banking and Chase online banking?
Mobile banking is almost similar to online banking except with some little difference. Mobile banking can only be done on a smartphone or tablet using an app provided by the bank while online banking requires no app as you only need to access your account and carry out various transactions using a web browser.
