Would you like to know all the features of Chase bank accounts? Responsible Economy provides a comprehensive explanation of the characteristics, requirements, and conditions of Chase bank accounts. We also offer a comparison of the best checking accounts in the United States. Welcome!
Types of Chase bank checking accounts you can open
There are three types of bank accounts you can open with Chase:
- Chase Total Checking
- Chase Secure Banking
- Chase Premier Plus Checking
Chase Total Checking is the most popular account. Let’s break down the characteristics of each account:
Chase Total checking
Interest rate
The interest rate offered by the Chase Total Checking account is 0.01%. It’s a very low interest rate, so if you’re looking to save, this account may not be suitable for you.
ATM network
Chase provides access to over 4,600 branches and more than 16,000 ATMs across the United States, allowing you to withdraw money without incurring any fees. Please note that you may have to pay fees for cash withdrawals made outside the United States.
App
The Chase mobile app is user-friendly and highly rated among users.
Fees
There is a monthly service fee of $12, which can be waived if you meet any of the following conditions:
- Make a monthly deposit of $500
- Maintain an average daily balance of $5,000 across all your Chase accounts
- Keep a minimum daily balance of $1,500
Bonus
New Chase clients are eligible for a $200 bonus. To qualify, you must enroll with a coupon and have a direct deposit made to your account within 90 days. The direct deposit should be an electronic deposit of your paycheck, pension, or government benefits (such as Social Security) from your employer or the government.
Chase Secure Banking
Chase Secure Banking is the least contracted because you have to pay a fee of $4.95 per month. The only difference between this account and the previous one is that you will not be able to be in overdraft, so you will save not having to pay added commissions.
Chase Premier Plus Checking
is another account option available with Chase. If you fail to meet the account requirements, you may be charged up to $25 per month. To avoid fees, you must fulfill one of the following two conditions:
- Maintain an average daily balance of $15,000 or more across this account and linked qualifying Chase checking, savings, and other balances.
- Have a linked qualifying Chase first mortgage enrolled in automatic payments from your Chase account.
One of the notable advantages of this account is that it does not charge fees for non-Chase ATM usage.
Differences between Chase checking accounts
Here’s a table summarizing the differences between the various Chase checking accounts:
| Chase Total Checking | Chase Secure Banking | Chase Premier Plus Checking |
|---|---|---|
| 12$* (fulfilling conditions 0$) | 4,95$ | 25$* (fulfilling conditions 0$) |
| Easy to avoid commissions | You can’t avoid commissions | Difficult to avoid commissions |
| Zelle service | Zelle service | Zelle service |
| Overdraft assist | No Overdraft assist | Overdraft assist |
| Fees cashier checks | Fees cashier checks | No fees cashier checks |
| Fees at non-Chase ATMs | Fees at non-Chase ATMs | 4 free withdrawals |
| Chase fees for checks | No service Chase for checks | No Chase fees for checks |
Fees
As mentioned, the monthly fees can range up to $25 per month depending on the chosen account. However, if you meet the account requirements, you can avoid these fees. Each account has different conditions for waiving the monthly fees.
To avoid fees in Chase Total Checking, you must fulfill one of the following requirements:
- Make a monthly deposit of $500
- Maintain an average daily balance of $5,000 across all your Chase accounts
- Keep a minimum daily balance of $1,500
To avoid fees in Chase Premier Plus Checking, you must fulfill one of the following requirements:
- Maintain an average daily balance of $15,000 or more across this account and linked qualifying Chase checking, savings, and other balances.
- Have a linked qualifying Chase first mortgage enrolled in automatic payments from your Chase account.
Pros
After considering all the features, here are the advantages of Chase checking accounts:
- Chase has a vast network of over 4,600 branches and 16,000 ATMs in the United States.
- Chase Premier Plus Checking allows up to four free withdrawals per statement period.
- Chase offers one of the best online banking experiences.
- No fees are charged if you meet the account requirements.
Cons
Here are the disadvantages of Chase accounts:
- Failure to meet the account requirements can result in monthly fees of up to $25.
- The interest rates offered on all checking accounts are quite low.
- The Chase Total Checking and Chase Secure Banking accounts charge a $3 fee for cash withdrawals at non-Chase ATMs.
Requirements
To open a bank account with Chase, you need to fulfill the following requirements:
- Have a Social Security number
- Possess a US phone number
- Provide proof of residence in the United States
Frequent questions
Here are answers to some common questions about Chase:
How to open a bank account in Chase
You can open a bank account with Chase using one of the following options:
- Online: You can open an account using your mobile phone or computer.
- In-person: Visit a Chase branch and open an account with the assistance of a Chase banker.
Anothers products of Chase
Here are more products that Chase offers:
- Checking accounts: here you have all Chase checking accounts:
- Savings: Chase savings account review.
- Credit cards: all Chase credit cards.
- If you are a student here is the Chase freedom Student credit card review.
- Chase Freedom Unlimited review.
Conclusions
After a thorough analysis, we believe that Chase checking accounts are an excellent option. If you meet the account requirements, you won’t have to pay any fees, and Chase has a widespread ATM network throughout the United States. However, it’s important to note that the interest rates offered on their checking accounts are quite low.
Chase Checking Accounts Video
Here is a video with all Chase checking accounts:
Comparison with the best checking accounts in 2023
We have made a comparative table of Chase with the best checking accounts you can open in 2023:
- It is very easy to avoid monthly commissions
- Welcome bonus of 200 dollars fulfilling conditions
- More than 16,000 ATMs in the United States
- $25 minimum deposit
- Very low interest rates
- It is very easy to avoid monthly commissions
- More than 16,000 ATMs in the United States
- $100 minimum deposit
- No welcome bonus
- High interest rates if you have a lot of savings
- It is very easy to avoid monthly commissions
- Nearly 12,000 ATMs
- $25 minimum deposit
- Welcome bonus of 300 dollars fulfilling conditions
- High interest rates on CDs
- No fees and no requirements
- Nearly 60,000 ATMs
- Welcome bonus of 250 dollars fulfilling conditions
- High interest rates on CDs
- No fees no direct deposits
- Fee-free withdrawals from ATMs around the world
- Without minimum deposit
- No welcome bonus
- High interest rates on CDs
- No fees no direct deposits
- More than 60,000 commission-free ATMs
- Without minimum deposit
- No welcome bonus
- High interest rates on Savings
- No fees no direct deposits
- More than 50,000 commission-free ATMs
- Without minimum deposit
- No welcome bonus
- High interest rates on CDs and Savings
- Commissions of $10 if you do not meet requirements
- No fees at Citibank ATMs
- Without minimum deposit
- No welcome bonus
- High interest rates on CDs
Video with the best checking account in 2023
We have made a video with the best checking accounts in 2023:
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Updated the day 1 June, 2023 by Alfredo Barandiarán
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