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. Savings accounts also come with a monthly service charge, but can be avoided by meeting minimum daily balance requirements. For the basic savings 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.

Chase Offering $1000 Bonus For Opening/Upgrading To Sapphire Banking With $75K - 1/2/2020

Keep in mind these bank accounts will earn little interest, so effectively the $1000 bonus is your primary income item for keeping $75k locked up for 90+10=100 ish days. But still a decent (annualized) deal for those wanting/able to game the promos. Step 1 Open or upgrade to a Chase Sapphire Checking account - Meet with a banker to upgrade your relationship or open a new Chase Sapphire Checking account. Offer expires 01/17/2020 Step 2 Deposit money into your new account - Within 45 calendar days, transfer a total of $75,000 or more in qualifying new money or securities to a combination of eligible personal checking, savings, and/or investment accounts (excludes any J.P. Morgan retirement accounts and CDs), and maintain that balance for at least 90 days Step 3 Enjoy your $1,000 - Your bonus will be deposited into your Chase Sapphire Checking account within 10 business days. https://accounts.chase.com/consumer/banking/online?px=PT74247&optX_src=t&sitelink=headline&jp_cmp=rb/Retail_

View all posts from:

2020
2018
2017
Earlier

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 (228)

Best Bank I Have Used

Posted by: moodfish | Jun 23, 2019

I have had accounts with many banks and Chase is the best in customer service and they don’t try to make money from me with special
fees. Bank of America, Wells Fargo, and US Bank all treated me badly. I would recommend Chase bank to anyone, especially if you are a veteran because they give veterans special pluses for no fees. And the Chase app has many features that all have worked well for me!

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.

Decent National Bank but Horrible Customer Service

Posted by: nakishawolf | Mar 15, 2017

I have been banking with Chase Bank for the past 6 years. I was originally requested to open and savings and checking about by a chase mailer that offered me $100 reward. The $100 was for opening a savings account that held at least $500, and a checking account that had direct deposit set up for 3 consecutive months. The requirements seemed doable so I opened the accounts and was happy with my banking experience at first. About a year later I received another promotional flyer that offered $500 on a 1 year $10,000 CD. I thought this return was too good to be true so I took the flyer into my nearest branch location and they confirmed the promotion. That same day I deposited $10,000 and took out a 1 year CD with Chase. After the year was complete and the CD period ended, the $500 promotion was deposited into my account and I decided I could get a better return on the initial $10,000 at another bank. So I went into the branch location to withdraw the money and it was nearly impossible. I understand they need to take safety precautions, but they asked me repeatedly if I was in trouble, if someone was forcing me to withdraw this money, and then refused to give me my money. At that point I was pretty upset, I didn't feel it was right for the bank to hold my money hostage. They called the branch manager in and she took me into a back room and made me explain in detail why I wanted to withdraw my money. She then made me sign extra paperwork confirming I was withdrawing the money. At this point the bank had made me feel like I was a criminal just because I wanted to withdraw my own money from their bank. From that day forward I have not opened any other CDs with Chase, nor do I keep large amounts of money in either of my savings or checking accounts. I don't trust them anymore.

Free At Last! Free At Last! God Almighty, I'm Free At Last!

Posted by: gladtobegone | May 13, 2020

I'd been with Chase all my life. That's not an exaggeration either, my mom signed me up when I was about seven to teach me the values of saving. We should have known it was going to be a terrible experience from the start when they began fining my account, a literal child's account, for not having enough money it. I remember it like it was yesterday, my mother chewing out the local branch manager as he tried to defend the practice instead of just admitting they'd made a mistake.

You'd think that would have been red flag for us to take our money and run. But it wasn't. We lived in a rural town, and it was Chase or keeping money under the mattress. So we stayed, like an abused spouse who wanted to get away from their spouse with the kids but couldn't because they'd never been on their own before.

Fees, bad customer service, fees, poor rates, oh, and did I mention fees? But I stayed. I'd known no other bank all my life, so I assumed it was like this everywhere. I took the abuse from Chase and said "Thank you sir, may I have another."

But then I saw the light. I moved to Europe to be with my wife. And let me tell you, it's like having the blinders taken off. My wifes bank isn't great by my new countries standards, but it's like the difference between filet mignon and ground chuck that got freezer burnt a few times over.

You want to use your ATM card abroad? Not an option unless you wanna cough up EIGHT DOLLARS. Unless you have Chase Sapphire Checking. Which requires an average of 75k$ in your account. Because a fresh out of college kid who's moving abroad totally just has 75k laying around. You know how much my wife's bank charges to use an ATM abroad? Not a cent. You wanna transfer money to an international account? 75$ dollars. How much does it cost here? You guessed it. Nothing. And don't get me started on conversation rates. The average conversation rate for dollar to euro at the time of this comment is somewhere around 1$ to .90€. Chase stands by their conversation of 1$ to .74€ and will not budge.

Guys, you have other options, and Chase shouldn't be one of them. You shouldn't even consider them. I'd sooner keep my money in the ground like Pablo Escobar or Edward 'Blackbeard' Teach. I don't care if you've been with them all your life, run for the hills.

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Health

A+

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	628
Year Established	1824
Employees	201005
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.32%
Return on Equity - YTD	12.51%
Annual Interest Income	$75.94B

Assets and Liabilities
Assets	Q4 2019vs Q4 2018	$2,337.6B$2,219B
Loans	Q4 2019vs Q4 2018	$950B$874.5B
Deposits	Q4 2019vs Q4 2018	$1,650.5B$1,558B
Equity Capital	Q4 2019vs Q4 2018	$246.1B$214.2B
Loan Loss Allowance	Q4 2019vs Q4 2018	$13.11B$9.88B
Unbacked Noncurrent Loans	Q4 2019vs Q4 2018	$6.60B$6.72B
Real Estate Owned	Q4 2019vs Q4 2018	$335.0MM$342.0MM

Rates

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Savings
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 - Standard
OTHER TIERS: 0.01% → Up to $250k
0.05%^*^†	$250k^*	$500k	Chase Premier Savings - Relationship
OTHER TIERS: 0.02% → Up to $50k \| 0.03% → $50k - $100k \| 0.04% → $100k - $250k
0.01%^†	-	-	Chase Savings

Chase Bank Checking Account Rates

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

Chase Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%^*^†	$10k^*	-	6-8 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.10%^*^†	$10k^*	-	9-11 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.10%^*^†	$10k^*	-	12-14 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.10%^*^†	$10k^*	-	24-29 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.10%^*^†	$10k^*	-	30-35 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.10%^*^†	$1k^*	$100k	48-83Month CD - Relationship
OTHER TIERS: 0.01% → $100k+
0.10%^*^†	$10k^*	-	84-120 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.10%^*^†	$10k^*	-	21-23 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.10%^*^†	$10k^*	-	36-41 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.10%^*^†	$10k^*	-	15 - 17 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.10%^*^†	$10k^*	-	18-20 Month CD-Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.10%^*^†	$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
0.02%^†	$1k	$100k	48-83 Month CD - Standard
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	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
0.10%^*^†	$10k^*	-	6-8 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.10%^*^†	$10k^*	-	9-11 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.10%^*^†	$10k^*	-	12-14 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.10%^*^†	$10k^*	-	24-29 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.10%^*^†	$10k^*	-	30-35 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.10%^*^†	$10k^*	-	48-83 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.10%^*^†	$10k^*	-	84-120 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.10%^*^†	$10k^*	-	21-23 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.10%^*^†	$10k^*	-	36-41 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.10%^*^†	$10k^*	-	15 - 17 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.10%^*^†	$10k^*	-	18-20 Month IRA-Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.10%^*^†	$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