Chase online bank is an online banking division of JPMorgan Chase created for customers.
It has a wide range of banking services, which include;
- Checking
- Savings
- CDs
- And money market accounts.
In 1799, it has grown through different landmark mergers over the year, such as; Bank One Corp, and the other hand, in 2004 and 2008 accession of the failed Washington Mutual’s deposit and possession.
Chase is rapidly growing its retail banking presence.
In December 2018, it opened its first retail branch in the Greater Boston area.
A month before, its first branch in Greater Washington, D.C. was opened.
Chase Bank serves nearly half of U.S. households with a broad range of products.
Chase online lets you manage your Chase accounts, view statements, monitor activity, pay bills, or transfer funds securely from one central place.
However, in this article, we will be pointing out the pros, cons, modes of payment, and various account options in chase online banking.
Hence, read through this article to find out all you need to know about chase online banking.
Table of Contents
What Are The Pros and Cons Of Chase Online Banking?
Pros
Across the United States, Chase bank has about 4900 trade-in branches to service customers’ banking requests.
Hence, customers of chase bank can also make use of any of their 16,000 ATMs at a free cost.
With the chase bank mobile app, customers can still access their account online if there is no chase bank or ATMs close by.
Customers can skip monthly account fees by allowing straight deposits, maintaining a minimum balance, or linking qualified accounts.
Hence, this depends on the account type.
Chase offers a total of 30 credit cards, 24 for individuals and six for small businesses.
It also offers a variety of credit card options, hence it depends on your cashback goals, travel rewards, or balance transfer.
Cons
In some states, Chase bank is unable to make ends meet.
For example, Arkansas, Iowa, Maine, Mississippi, Montana, North Dakota, South Dakota, Vermont, and Wyoming, has one branch each.
While Alaska and New Mexico have none.
Maintaining a minimum daily balance in your account at the beginning of each day is one way to avoid fees.
Hence, this may be tougher to achieve than an average daily balance.
However, if your account falls below the minimum amount for a day in the month, you might be charged the monthly fee.
There is a written rule by chase bank for credit card approvals, it is one of the most rigid in the industry.
However, most of its credit cards will not be approved if you have opened more than five new credit cards from any bank in the last 24 months
Who Can Get Chase Bank Account?
If you fall into any of these categories, you should get a chase bank account:
Want a vast range of deposit, loaning, and investment options from a single fiscal services provider?
Able to keep a minimum daily balance or complete eligible activities in order to avoid fees
Eager to earn valuable rewards or cash back on their credit card purchases
Want a bank that will grow with them and provide exclusive features as your bond develops?
Searching for the security of a large fiscal corporation with various branches and ATMs across the United States?
NOTE: Chase Bank is best for customers who live in states where the bank has an array of branches.
What are the Available accounts at Chase Bank?
With chase bank, customers can meet their financial needs by selecting from a range of checking accounts, savings accounts, certificates of deposit (CDs), credit cards, and other loaning products.
Customers who have various Chase products benefit from better pricing and the ability to combine balances to avoid fees.
Chase Bank Saving Account
Chase bank mainly offers two savings accounts to its customers to make a choice from. They are;
The Chase Savings account
Chase Premier Savings account
The Chase Savings account has a single interest rate that applies to all balances. While the Chase Premier Savings account offers higher rates to clients with larger balances.
However, customers who qualify for Chase Private Client status have access to the Chase Private Client Savings account.
Chase Private Client Savings account also offers arrayed interest rates based on the amount of money in your account.
However, according to Chase customers can skip their monthly savings account fees in the following ways:
Chase Savings
By having a daily beginning balance of at least $300 or a monthly auto-save of at least $25 from a Chase checking account
By having a savings account linked to a Chase College Checking (for overdraft protection) or an eligible Chase checking account.
Must be 17 years old or younger.
Chase Premier Savings
By having a minimum daily balance of $15,000 or be linked to a Chase Premier Plus or Sapphire checking account.
Savings for Chase Private Clients
There is no requirement to skip monthly fees because this service is only available to Chase Private Client members.
Benefits
Chase often offers a bonus for opening a new savings account.
It has the second-most branches in the United States, so there’s probably one near you
If you can keep at least $300 in the account, the Chase Savings account fee is waived.
However, it is also skipped for account holders under the age of 18.
Downside
If you accept one of these new account bonuses and then close the account within six months, the bonus amount will be deducted.
Other savings accounts, especially those offered by online banks, offer higher yields.
Customers must complete a number of steps in order to earn the premier relationship APY, which is quite low.
Chase Bank CDs Account
Chase Bank has CD terms varying from one month to ten years.
However, higher funds may result in higher interest rates on your CD
Customers have the free will of receiving CD interest payments every month, quarterly, biannually, yearly, or at maturity.
Hence, to open a CD with chase bank you must have a minimum deposit of $1,000,000.
Customers have access to their CDs, both online and in-store.
However, you must go to a branch to speak with a banker, if you want to open a CD with a deposit of $1,000,000 or more.
Hence, if you want to close your CD before the maturity date, you will be charged a penalty.
However, below are the penalties;
An early withdrawal penalty for CDs with terms of less than six months is 90 days of interest
On the other hand, for CDs with terms of six months to less than 24 months, the penalty is 180 days of interest
For CDs with terms of 24 months or more, the penalty is 365 days of interest.
The penalty for all terms is no more than the interest earned during the current term of the CD. The bare minimum is seven days’ interest.
Benefits
Interest can be paid out before maturity, however, this depends on your term.
For larger balances, higher yields may be available.
Downside
Other banks pay much higher interest rates, especially online banks.
Customers who do not have a linked Chase checking account earn lower interest rates.
Checking Account
Chase bank gives customers access to a variety of account checking options.
However, each account has monthly maintenance fees, except if you meet the criteria to skip them
Hence, below are the three most popular accounts:
- Chase Total Checking
- Chase Premier Plus Checking
- Chase Sapphire Checking
With the Premier Plus Checking account, a $2.50 non-Chase ATM fee is skipped up to four times per statement cycle.
The Sapphire Checking account skips ATM fees and reimburses fees charged by other banks without a fixed limit.
On the other hand, it also provides specialty checking accounts that are commissioned to certain audiences.
However, there is no minimum deposit for the Chase Secure Banking checking account, no paper checks, and no fees for money orders or cashier’s checks.
College students get a free account for up to five years while in school, with the Chase College Checking account and it’s only $6 per month after that if you don’t skip the fee with suitable activities.
On the other hand, military members, both active and retired, can open a Chase Premier Plus Checking account with no fees or minimum balance facts.
However, customers with a vast number of alliances may be fit to for Chase’s private client.
Hence, you must have a collective average daily balance of $250,000 in personal and business deposits and investments to qualify.
On the other hand, there are no membership fees, monthly service charges, ATM fees, wire fees, or other fees as a benefit.
Hence, you’ll also get higher limits on Chase QuickDeposit, Chase QuickPay, daily ATM withdrawals, and debit card purchases.
Benefits
By making a $500 direct deposit into the account each month, some Chase Total Checking customers should be able to avoid the $12 monthly maintenance fee
Chase Premier Plus Checking account holders are entitled to up to four fee-free withdrawals from non-Chase ATMs per statement period.
There are no fees for counter checks, money orders, cashier’s checks, or Chase design checks, with the Chase Premier Plus Checking account.
Downside
The least balance required to avoid the monthly fee on the Chase Premier Plus Checking account is high.
A very low-interest rates
What Is Banking Experience Like At Chase Bank?
Banking with Chase is a wonderful experience.
With Chase, you have access to 16,000 chase ATMs.
That’s not all, you will also have access to a mobile app that welcomes you with a customized photo based on your location.
With the Chase mobile app, you can send money to anyone and pay your bills.
Chase credit cards are known for their worth and flexibility. This includes; the ability to redeem rewards for increased value via the Chase Ultimate Rewards portal.
The Chase Sapphire Preferred® Card is the best Chase credit card, with a good sign-up bonus and exclusive travel rewards and benefits.
However, below is the full review of the Chase Sapphire Preferred® Card:
You can also contact Chase reps 24/7.
It enables Chase checking account holders to earn cash back when they use their debit cards at certain dealers.
With Chase Quickpay with Zelle Chase, customers can send and receive money from others.
How To Get Started On Chase Online Banking
Follow these steps below to get started;
Using a browser, https://www.chase.com/digital/online-banking
Click on “Enroll now” to sign up
Enter registration details and you are done.
Other Financial Services Provided by Chase Bank
Below are other services rendered by Chasse bank:
- Auto Loans
- Mortgages for Purchase
- Mortgage Refinance
- Home Equity Lines of Credit are a type of credit that allows you to borrow money against (HELOCs)
- Individual Retirement Accounts (IRAs) (IRAs)
- Managed Investment Portfolios for Self-Directed Traders
- Banking for the Rich
- Financial Consultants
- Loans for Businesses
However, for more info visit https://www.chase.com/
Does chase have online banking?
Yes, it does. With the chase mobile app, you can get everything you need to manage your money from your comfort zone.
However, you can get Chase mobile app on:
Apple app store via;
https://apps.apple.com/us/app/chase-mobile/
Google play store via;
https://play.google.com/store/apps/
In conclusion, if you are looking for a bank with a strong online presence and an easy-to-use mobile app, then Chase bank is the right bank for you.
Chase Bank can be the right choice for checking and savings, especially if you already use or plan to use some of the bank’s other services.
However, if you’re looking for the most cost-effective accounts with the maximum possible interest rates, you’ll need to look elsewhere.
Is Chase’s online banking down?
At the moment, no problem has been detected.
So chase online banking is up and running
Hence, you can review your account balances and transactions through online banking and mobile banking apps for;
- iPhone
- IPad
- Android
- Windows Phone
- Kindle Fire devices.
However, you can get Chase mobile app on:
Apple app store via;
https://apps.apple.com/us/app/chase-mobile/
Google play store via;
https://play.google.com/store/apps/
Can I Operate A Business Account On Chase Online Banking?
Yes you can, Chase online banking gives you access to receive help from a team of business pros, who focus in;
- Helping improve cash flow
- Providing credit solutions
- Managing payroll
It also offers online and mobile services, business credit cards, and payment acceptance solutions created exactly for business.
Does Chase Bank use Credit Cards?
Yes, it does. Chase bank offers different credit card options to meet the needs of its customers.
Also, cashback and rewards credit cards are available for personal and small business customers.
With chase ultimate rewards, customers can earn points, redeem if for cashback and transfer it to airlines, hotel partners, and more.
Earned bonuses on Chase credit cards are limited to once every 24 months from the date the bonus is received.
On the other hand, the Chase Sapphire Preferred and Reserve cards are the only exceptions, which limit customers to one bonus once every 48 months.
Reference links
https://www.bankrate.com/banking/reviews/chase-bank/
https://www.forbes.com/advisor/banking/chase-bank-review/
https://www.investopedia.com/chase-bank-review-4845620
More Features of Chace Online Banking
Users of Chase bank and their customers across the globe can opt for their various services made available to all. This will help all new users of this great bank explore the various financial instrument made available. You are free to select from the list of products made available to you. These varieties of products includes:
- Banking for the Rich
- Financial Consultants
- Loans for Businesses
- Auto Loans
- Mortgages for Purchase
- Mortgage Refinance
- Home Equity Lines of Credit are a type of credit that allows you to borrow money against (HELOCs)
- Individual Retirement Accounts (IRAs) (IRAs)
- Managed Investment Portfolios for Self-Directed Traders
FREQUENTLY ASKED QUESTION (FAQs)
Is Chase a good place to open a checking account?
Chase can be a good place to open a checking account If you qualify for a monthly fee waiver with an account that meets your needs.
However, if you are unable to waive the fee but still desire a free checking account, you may be better off banking elsewhere.
Is there a free checking account offered by Chase?
No there isn’t, however, Chase Total Checking® makes it simple to waive the monthly service fee.
Hence, each month, you must do one of the following:
Auto deposit $500
Begin each day with a $1,500 balance, or have $5,000 in all of your Chase accounts combined.
Is Chase offering a free checking account?
No there isn’t, While Chase does not provide a free checking account, Chase Total Checking® makes it simple to waive the monthly service fee.
Hence, each month, you must do one of the following:
Auto deposit $500
Begin each day with a $1,500 balance, or have $5,000 in all of your Chase accounts combined.
Is it possible to get a loan from Chase Bank?
Yes, Chase offers a variety of loan products, including auto loans, mortgages, and home equity lines of credit (HELOCs).
How do I access my account?
You can bank from almost anywhere with Chase Online℠ Banking and Chase Mobile® Banking.
However, follow these steps below to get started;
Using a browser, https://www.chase.com
Click on “Enroll now” to sign up
Enter registration details and you are done.
Then, you can download the Chase Mobile app and use the same username and password to sign in on your phone or tablet.
How do I transfer money online?
Follow these steps below to transfer money online using chase online banking:
Sign in to your account via https://www.chase.com/
Choose “Transfer money” under “Pay & transfer” on the navigation menu.
Then, choose “Schedule transfer”
After that, choose the account that you want to make the transfer “From.”
Choose the account you’re transferring the money “To”
Choose a transfer date and choose “Next.”
Review the transfer details and choose “Transfer Money” if the information is correct.
Then you’ll see a confirmation page with a transaction number for your reference.
Please review to verify the information is correct before choosing “Submit Transfer.”
How do I make a payment?
Follow these steps below to make a payment using chase online banking:
Sign in to Chase Online via https://www.chase.com/
Choose “Pay & transfer” then “Pay Bills” in the navigation menu
After that, choose the account that you want to make the transfer “From.”
Choose the account you’re transferring the money “To”
Choose a transfer date and choose “Pay This Bill.”
Review your payment information and if everything is correct, choose “Pay It.”
Then you’ll see your payment confirmation. If you’re paying a private individual rather than a business, consider using Zelle.
What security features are in place to protect my account information online?
Chase Online Banking uses encryption methods to protect your personal info like user IDs, passwords, and account info over the Internet.
The security of your personal info is always a priority at Chase.
Hence, for more information on how we protect you, visit the Chase Security Center via the link below;
https://www.chase.com/digital/resources/privacy-security/security/how-we-protect-you