Chase Bank, is one of the nation’s largest full-service banks and the consumer banking arm of JPMorgan Chase & Co. It provides individuals and businesses with a broad range of financial services.
One of the Big Four banks in the United States is JPMorgan Chase, through its Chase subsidiary. You can find Chase accounts to suit your needs whether you’re an adult, student, or child.
Chase Bank has over 4,700 branches nationwide and more than 16,000 ATMs. Besides employing 250,355 people (as of 2016), JPMorgan Chase & Co. operates in more than 100 countries. According to their 2016 assets, JPMorgan Chase & Co. had $2.49 trillion.
About Chase Bank
As well as Chase Bank and becoming known as Chase informally, JPMorgan Chase Bank, N.A. Chase Manhattan Bank had been known as Chase Manhattan Bank before it merged with J.P. Morgan Chase and has its headquarters at 1700 Fifth Avenue in New York City.
Bank One Corporation merged with Chase Manhattan Bank in 2004, and later acquired most of the assets and deposits of Washington Mutual. Chase National Bank was formed from the merger of the Chase online National Bank and the Manhattan Company in 1955.
Chase Bank Account Details – JPMorgan Chase & Co
Chase offers a variety of checking, savings, and CD accounts, as well as reward and cash back credit cards that are popular among travellers.
Saving Accounts of Chase Bank
There are two savings account options offered by Chase Bank: Chase Savings and Chase Premier Savings.
Chase Savings accounts are basic interest-bearing savings accounts that offer a meager yield of 0.01% on all balances. There is a $5 charge on the Account maintenance is a monthly fee, but it can be waived if you meet the following monthly requirements:
- Maintain a balance of $300 or more at the beginning of every day
- A Chase personal checking account with Autosave or recurring automatic transfers of $25 or more
- You’re under 18 years old
- You must link an account from a Chase bank
There is a $25 monthly management fee for Chase Premier Savings, but it can be waived if you meet either of these two requirements:
- At the beginning of each day, make sure the account is balanced by at least $1,500
- Have an active Chase Sapphire Checking account or Chase Premier Plus Checking account
There are different interest rates on Premier Savings accounts depending on your account balance and whether or not you qualify for the relationship rate. If you have a Chase Premier Plus Checking or Chase Sapphire Checking account linked to Chase Premier Savings, you can earn 0.05% APR.
If six transactions are exceeded in a month, a $5 monthly fee will apply.
Checking Account of Chase Bank
Checking accounts from Chase are designed to meet the needs of an array of customers. Chase charges a monthly service fee for most of its checking accounts, just like its savings accounts. However, Chase generally offers ways to waive these fees.
The bank categorizes three of its checking accounts as “everyday” accounts. More than 4,700 branches nationwide are accessible through all three accounts.
Each Chase online account offers online banking, online bill pay, mobile banking, as well as automatic transfers to Chase savings accounts.
In Chase’s opinion, the most popular account of this kind is the Chase Total Checking Account. Certain requirements must be met in order to waive the $12 monthly maintenance fee.
An accompanying debit card is provided with the account. If you use a non-Chase ATM, Chase will charge a fee of $2.50 on top of what the ATM owner charges.
There are also Chase Secure Banking and Chase Premier Plus Checking accounts that can be used on a daily basis.
There is a $4.95 monthly fixed fee associated with Chase Secure Banking. The monthly maintenance fee for Chase Premier Plus Checking is $25, but it can be waived if certain requirements are met.
A Chase Sapphire Checking account waives fees for non-Chase ATMs, and a Chase Private Client Checking account waives fees for personal design checks. Additionally, they offer higher limits on Chase QuickDeposit and Zelle money transfers, lower fees on specific services, and exclusive sports and entertainment benefits.
Chase College Checking is one of the better products offered by the banking giant. A college student can open an account if they are between the ages of 17 and 24.
Students do not have to pay a monthly fee for up to five years as long as they provide proof of their student status. You can access your account online and through Chase’s mobile app, as well as receive a free debit card.
For children ages six to 17, Chase First Banking is a parent-owned account. The High School Checking account is also available at Chase for teens (aged 13 to 17).
There are a variety of term lengths available for Chase Certificates of Deposit, ranging from one month up to ten years.
A minimum deposit of $1,000 is required when opening a CD through Chase. 0.01% APY is the standard yield for all CD term lengths. With a Chase checking account, customers can get a higher relationship rate depending on account length and balance.
As a bonus, Chase offers private client customers special ladder rates on CDs when they open four CDs of different terms at once.
Early withdrawal penalties from Chase CD accounts can reach up to 365 days of interest (based on the total amount of interest earned during the current CD term) if the withdrawal is made before the end of the CD term.
Once a CD reaches maturity, it automatically renews. During the 10-day grace period following the maturity date, CD holders can renew, add funds, change terms, or withdraw funds.
CDs are a good way to grow your savings over time, especially if you have money that you won’t need for a while.
Other Chase Bank Services and Accounts
In addition to offering full-service banking, Chase also offers investments. The company also offers credit cards, bank accounts, and other financial services, including:
- Loans for autos
- Mortgage loans for homes
- Getting a mortgage to refinance
- HELOCs (Home Equity Lines of Credit)
- J.P. Morgan wealth management and investment planning
- Banking for business customers, including checking and credit cards
- Solutions for commercial banking
Us online banking provides information about online banking methods as well as how you can log in for online banking, its services, and its accounts. In this article, we discuss Chase bank and its services