Chase Bank is among the top five banks in the United States. As such, the bank attracts many customers and more customers still want to start banking with Chase. This has given rise to the concern as to whether Chase bank is the right bank for intending customers who want to use the bank services. If you are among those concerned with whether Chase bank is or is not the right bank for you, you are on the right page. Here you will learn a lot about Chase bank to help you make a decision.
About Chase Bank
Chase is a consumer and commercial bank that is a division of JPMorgan Chase & Co. It is one of the top five American banks to grow in size after its merger with the firm JPMorgan & Co. in 2000.
Currently, Chase bank has over 2.7 trillion when it comes to assets. Again, it has about half of all American households that use its products.
Here are the following products offered by Chase Bank
Chase Savings Account
Chase savings accounts have a $5 monthly service fee, which can be waived with a $300 balance, linkage to qualifying accounts, or account owner who is under age 18. Savings accounts yield for Chase Savings is 0.01% annually.
For the Chase Premier Savings, the standard rates remain the same as that of the basic accounts. The Premier account is eligible for relationship rates which start at 0.02% APY and peak at 0.05%. With the Chase Premier Savings, comes a $25 monthly service fee, which can be waived with a $15,000 balance or when linked to Premier Plus or Sapphire Checking accounts.
Chase Checking Accounts
Signing up for a Chase Premier Plus Checking or Sapphire Checking account will help you earn interest with Chase. Apart from earning interests, these accounts will save you ATM and other fees.
The Chase Total Checking account is a basic account that does not have many niceties that comes with it. With it, you’ll get access to online banking and bill pay. You’ll also enjoy a $12 monthly service fee which can be waived with a daily $1,500 balance, regular direct deposits which totals $500 or more, or a $500 combined balance with other qualifying accounts.
The Chase Premier Plus Checking is an interest-earning checking account. It comes with breaks on non-Chase ATM fees and savings on products like cashier’s checks. It also has a $25 monthly service fee which is waived with a daily balance of $15,000 or linkage to a Chase first mortgage.
Chase Sapphire Checking
The Chase Sapphire Checking account is an account that earns interest but waives all non-Chase ATM fees and fees on many other bank services. It also offers dedicated 24/7 customer service. Customers also enjoy a $25 monthly service fee. It is waived with a $75,000 daily balance in this and/or linked qualifying accounts.
Chase CD Accounts
To operate or open a Chase Certificate of Deposit (CD) account online and get a relationship rate, you must be an existing Chase checking customer. Otherwise, it will have to be done in person at a branch location. however, you’ll miss out on the preferred rate.
Chase like many other large banks charges some service fees. However, some deposit accounts offer you a medium of escaping from these charges.
This includes the Chase checking and savings accounts which come with fees ranging from $4.95 to $35 even though most can be waived, typically with high cash balances or qualifying transactions like direct deposit. Transactions at non-Chase ATMs will incur a fee of $2.50 service charge. Overdraft fees stand at $34.
Availability of Funds
With Chase Bank, wire transfers and direct or cash deposits are available the day they are received for consumer accounts. For government checks and bank checks, most of them are available the next business day.
On the other hand, money from all other types of deposits is available on the second business day after Chase receives the deposit. Immediately the funds become available, you may need to withdraw them or use them however you wish.
Chase Banking Experience
Chase offers its customers banking experience at their convenience. By this, I mean that you can enjoy banking transactions from Chase either from your device at home or by visiting a physical Chase Bank location. Chase has ATM services across the country, as well as 24/7 customer service for some accounts, and also an extensive online and mobile app presence.
When it comes to technology, Chase takes the lead. It offers digital banking platforms which is easy and accessible to customers from all over.
Chase mobile banking app
With the Chase mobile banking app, you can easily manage your accounts, deposit checks, and send gift cards via your phone. That’s very convenient.
When you sign up for Chase online banking, you can receive a paperless statement as well as do your banking from anywhere you have access to the internet.
Chase QuickPay with Zelle
Zelle QuickPay offered by Chase enables you easily send payments to your friends and family.
Online bill pay
With the online bill pay feature, you can pay your rent or mortgage, utilities, credit cards, car loans as well as bills online.
Physical Branch Locations
If you still need to visit a physical Chase Bank branch, there are almost 5,000 branches across the U.S. Hopefully you have a branch close to you. The following are things you can find at your local Chase branch:
- Consumer banking products and services.
- Home lending advisor
- Chase Private Client advisors for wealth management and JPMorgan investment advice.
If you want to open a Chase bank account today you can easily open one today. Chase is a force to be reckoned with in the banking sector and can offer you banking solutions that will meet your financial needs and goals.