Chase Bank

Overview / Commentary

www.chase.com

877-682-4273

1111 Polaris Parkway
Columbus, OH 43240

Chase Bank is one of the largest banks in the United States as measured by total assets. It offers personal, business, and commercial banking products and services on both the depository and lending side. Chase has made strides to become an industry leader in customer service, with hundreds of thousands employees all over the world.

Chase Bank’s checking account offerings all have monthly service charges that can be waived if certain requirements are met. One checking account offers a certain number of non-Chase ATM transaction fee refunds. Chase Savings (SM) also come with a monthly service charge, but can be avoided by meeting minimum daily balance requirements. For the basic Chase Savings (SM) account, consumers under the age of 18 automatically avoid the monthly service charge. The bank also offers certificates of deposit (CDs) that reward higher account balances with higher interest rates. CDs can be opened online and range in term lengths from 1 to 120 months. Chase offers business and commercial banking solutions, as well as an array of credit cards.

Chase Bank online banking provides customers with free account management functions like online bill pay, paperless statements, mobile deposit, and fund transfers. Chase’s mobile banking apps are highly rated and offer a sophisticated platform from which customers can accomplish account management tasks easily on the go. Each app is specifically designed for different operating systems like iPhone, Android, and Windows, as well as tablet devices. Chase’s website is easy to maneuver and provides comprehensive information about bank and account information.

Chase Bank was originally established in 1982 as The Chase Manhattan Bank (USA). In 1996 it changed its organization type with the FDIC to a credit card bank, and in 2000 acquired JPMorgan, a financial services company. A year later the bank moved its headquarters to Newark, Delaware, where they remain today. In 2005, the bank changed its name to Chase Bank USA, and four years later acquired Bear Stearns and Washington Mutual.

BIG, BIG Win For The Big Banks - They Can Resume Buying Back Their Own Stock - 12/22/2020

As always, great news for investors but not for savers. This move obviously benefits ALL big banks, not just JPM. Nine months ago, the Federal Reserve put the kibosh on banks being able to buy back their own stock or increase dividends. The move was part of a design to ensure that the big banks had enough liquidity during what the government predicted would be a trying time for the economy The Fed rewarded the big banks yesterday, allowing these lenders to resume stock repurchases, beginning in the first quarter. After the announcement, Chase and BAC shares both jumped 4% while Goldman Sachs soared more than 6%. https://www.foxbusiness.com/markets/banks-buy-back-stock-federal-reserve

Chase Private Client $2000 Bonus - 11/27/2020

Chase Bank is offering a $2000 bonus if you keep $250,000 in a Private Client account for 90 days. This is like a 3-month CD with an interest rate of approx. 2.5%. (Chase Private Client bonus): https://account.chase.com/consumer/banking/chaseprivateclient?jp_cmp=rb/CPC+Brand_Brand_BMM_CPC_SEM_IFP_DeskTab_Standard/sea/p47263267897/Brand+Offers&gclsrc=aw.ds&&gclid=CjwKCAiA5IL-BRAzEiwA0lcWYh3Syfx7ZtIQlIenqn9EBrYWhpt7Y-SefOd6R0XissF8JiM7Se5ZoxoC24kQAvD_BwE

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12/22 - BIG, BIG Win For The Big Banks - They Can Resume Buying Back Their Own Stock
11/27 - Chase Private Client $2000 Bonus
1/2 - Chase Offering $1000 Bonus For Opening/Upgrading To Sapphire Banking With $75K

11/29 - $225 Bonus To Open A Savings Account With $15,000 New Money Held For 90 Days
10/19 - Chase 5% Cash Back Catagories Oct To Dec
9/13 - Chase Expanding It's Footprint Into DC/MD/VA

5/15 - Chase Short Term 1.50% -> 3.05% Callable Step-Up CD Via TD Ameritrade
3/20 - $300 Bonus - Chase Premier Plus Checking

Reviews (237)

Great Bank. Wish They Had More Branches Though.

Posted by: BGraham16 | Dec 19, 2020

Really like their mobile app, online experience, and credit cards. Wish they had more branches in my area though (or at least lower ATM fees).

Can't say I'd want to have business accounts with them though. They tend to mainly care about their BIG customers, in that regard (can't blame them though/that's what all the big banks do).

Comment

A Simple Checking @ Nationwide Bank & Got A Bonu$

Posted by: JeffinEasternFL | Dec 5, 2020

A friend recently got approved for SSI and needed a nationwide bank (so as to transfer if needed $$ with parents who don't mobile nor online bank). Chose Chase since in both her parents area (northwest) and her home (Florida), there are many branches. Needed: 1) a NO FEE basic "checking account" with simple mobile/online banking and alerts. I opened online w/o issue and included Social Security Direct Deposit info. 2) Got a debit card WITHOUT OVERDRAFT PROTECTION that would simply decline purchases if funds weren't available. Thus, no overdraft "fees". 3) Then, went to a branch to interact with humans and instructed her for using ONLY an INSIDE BRANCH ATM at a CHASE BRANCH w/ assistance if needed - it worked fine. Receipts were issued promptly and were concise. Online banking bill pay was flawless, simple and paid fast. Note: Chase has removed "tellers and their cash drawer" at many branches but, still have in person support with a "teller/clerk" to assist (w/ less services of course) at the inside ATM. A few branches do have tellers and cash and I hope that remains. Summary: Got a simple NO fee(s) "checking" account w/ direct deposit, (no checks but, teller checks available), with free mobile/online banking, NO overdraft protection (thus no fees) for debit card and human as well as telephone support locally. They paid the $200 bonus as described too (nice since account has no "interest"). Cash deposits have had No problems. Non account holders can not deposit cash but, money orders -which is ok though inconvenient but, becoming the rule of law in banking. Lost ATM cards have to be ordered by mail, can't get even a temporary one at a branch though. Teller checks were easy when needed once. Otherwise, I'd first consider a solid local/regional bank with better incentives and lower fees instead but, due to situ she had to have a national bank. Chase worked. The account options and descriptions were clear and concise. The fees were none for a basic account w/o overdraft and service was fine. If you have to have a national monster mega bank and need a simple but, effective "checking" account w/o cost, but, with branches and human support, Chase is an option. Far better choice than an online only fintech or banks w/ problems we often read about here!

Comment

Banking with chase for over 20 years

Posted by: ColumnPhiaMedium | Apr 21, 2018

Chase over all is one of the worst customer experiences I have. Due to my balances being a certain amount, they are always
having personal bankers call me, to try and sell me bad investments to they can get some commission. I frequently visit
3 possible banks, all of which have employees that know me for years. One time they had some new person hijack me inline
and try to get me to take a home equity line. I have my house paid off and enough in my accounts to cover any emergency.
And then the guy insults my intelligence by implying I am foolish for not taking out a loan. Now they are requiring me to show
and ID when I make a cash deposit, and writing down my license number. Lastly they are consistently the worse for interest rates on CDs.

$200 Bonus Checking Account

Posted by: CaptMatt | Dec 5, 2020

I signed up for a new checking account and set up my direct deposit so my first paycheck would go to the new account and transferred $1500 (required minimum balance to avoid service charges) to the account. As soon as my first paycheck was deposited I attempted to logon to my account. It was suspended for suspicious activity. I was on hold for over an hour trying to get through to customer service. I had to verify my name, SSN, Social, drivers license, data of birth, birth date of my wife, UNBELIEVABLE! It took 3 calls, as I kept getting disconnected in the voicemail deathtrap. The issue is still not resolved as I got disconnected a 3rd time while they where verifying my account. A 4th call back found the service center now closed..... As soon as I can get into this account... it's closed!

Comment

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Health

Data as of Q3 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	628
Year Established	1824
Employees	199182
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.58%
Return on Equity - YTD	6.21%
Annual Interest Income	$45.61B

Assets and Liabilities
Assets	Q3 2020vs Q3 2019	$2,869.5B$2,367.1B
Loans	Q3 2020vs Q3 2019	$964.2B$935.7B
Deposits	Q3 2020vs Q3 2019	$2,105.2B$1,620.2B
Equity Capital	Q3 2020vs Q3 2019	$261.2B$245.1B
Loan Loss Allowance	Q3 2020vs Q3 2019	$30.80B$13.22B
Unbacked Noncurrent Loans	Q3 2020vs Q3 2019	$12.31B$7.41B
Real Estate Owned	Q3 2020vs Q3 2019	$293.0MM$371.0MM

Rates

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Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not Chase Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Chase Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%^*^†	$250k^*	$500k	Chase Premier Savings - Relationship
OTHER TIERS: 0.02% → Up to $50k \| 0.03% → $50k - $100k \| 0.04% → $100k - $250k
0.05%^*	$250k^*	-	Chase Private Client Savings - Relationship
OTHER TIERS: 0.02% → Up to $50k \| 0.03% → $50k - $100k \| 0.04% → $100k - $250k
0.05%^*	$1m^*	-	Chase Private Client Savings - Standard
OTHER TIERS: 0.01% → Up to $1m
0.01%^†	-	$500k	Chase Premier Savings - Standard
0.01%^†	-	-	Chase Savings (SM)

Chase Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.01%^†	-	-	Chase Premier Plus Checking
0.01%^†	-	-	Chase Sapphire Checking
0.01%^†	-	-	Chase Private Client Checking
0.00%^†	-	-	Business Checking
0.00%^†	-	-	Chase Total Checking®
0.00%^†	-	-	Chase Business Complete Banking

Chase Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%^*^†	$10k^*	-	6-8 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	9-11 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	12-14 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	24-29 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	30-35 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	48-83Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	84-120 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	21-23 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	36-41 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	15 - 17 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	18-20 Month CD-Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	42-47 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.02%^†	$1k	-	1 - 2 Month CD - Relationship
0.02%^†	$1k	-	3-5 Month CD - Relationship
0.01%^†	$1k	$100k	1 - 2 Month CD - Standard
0.01%^†	$1k	$100k	3-5 Month CD - Standard
0.01%^†	$1k	$100k	6-8 Month CD - Standard
0.01%^†	$1k	$100k	9-11 Month CD - Standard
0.01%^†	$1k	$100k	12-14 Month CD - Standard
0.01%^†	$1k	$100k	24-29 Month CD - Standard
0.01%^†	$1k	$100k	30-35 Month CD - Standard
0.01%^†	$1k	$100k	48-83 Month CD - Standard
0.01%^†	$1k	$100k	84-120 Month CD - Standard
0.01%^†	$1k	$100k	21-23 Month CD - Standard
0.01%^†	$1k	-	36-41 Month CD - Standard
0.01%^†	$1k	-	15 - 17 Month CD - Standard
0.01%^†	$1k	-	18-20 Month CD-Standard
0.01%^†	$1k	-	42-47 Month CD - Standard

Chase Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%^*^†	$10k^*	-	6-8 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	9-11 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	12-14 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	24-29 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	30-35 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	48-83 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	84-120 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	21-23 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	36-41 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	15 - 17 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	18-20 Month IRA-Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$1k^*	$100k	42-47 Month IRA - Relationship
OTHER TIERS: 0.01% → $100k+
0.02%^†	$1k	-	3-5 Month IRA - Relationship
0.02%^†	$1k	-	42 - 47 Month IRA - Standard
0.02%^†	$1k	-	1 - 2 Month IRA - Relationship
0.01%^†	$1k	$100k	3-5 Month IRA - Standard
0.01%^†	$1k	$100k	6-8 Month IRA - Standard
0.01%^†	$1k	$100k	9-11 Month IRA - Standard
0.01%^†	$1k	$100k	12-14 Month IRA - Standard
0.01%^†	$1k	$100k	24-29 Month IRA - Standard
0.01%^†	$1k	$100k	30-35 Month IRA - Standard
0.01%^†	$1k	$100k	48-83 Month IRA - Standard
0.01%^†	$1k	$100k	84-120 Month IRA - Standard
0.01%^†	$1k	$100k	21-23 Month IRA - Standard
0.01%^†	$1k	-	36-41 Month IRA - Standard
0.01%^†	$1k	-	15 - 17 Month IRA - Standard
0.01%^†	$1k	-	18-20 Month IRA-Standard
0.01%^†	$1k	$100k	1 - 2 Month IRA - Standard