Chase Bank Review 2024 (2024)

Checking

Chase Bank offers a robust selection of checking accounts to meet varying banking needs. Like its savings accounts, most of Chase’s checking accounts feature a monthly service fee. Chase generally offers ways to waive these fees, though.

Chase labels three of its checking accounts as “everyday” checking accounts. All three accounts offer access to nearly 15,000 ATMs and more than 4,700 branches nationwide. Each account offers online banking, online bill pay and mobile banking, as well as automatic transfers to Chase savings accounts.

The most popular of these accounts, according to Chase, is Chase Total Checking®. This account has a monthly maintenance fee of $12, which can be waived by meeting certain requirements. The account comes with a complimentary debit card. Be aware that Chase charges a $3.00 fee each time you use a non-Chase ATM in the United States, Puerto Rico, and the U.S. Virgin Islands on top of the ATM owner’s charges. Surcharge Fees from the ATM owner/network still apply. $5 fee per withdrawal at a non-Chase ATM outside of the U.S., Puerto Rico and the U.S. Virgin Islands. Surcharge Fees from the ATM owner/network still apply.

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Expires July 24, 2024

Monthly Maintenance Fee

$12

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Chase Total Checking® is Chase’s flagship consumer checking account product. It offers access to over 15,000 ATMs and more than 4,700 branch locations across the U.S., plus access to online banking and a highly rated mobile app. The account comes with a $12 monthly service fee.

  • What is the offer? $300 bonus when you open a Chase Total Checking account and set up direct deposits totaling $500 or more within 90 days
  • What is considered a direct deposit?You qualify if your account receives direct deposits of your paycheck, pension or a government benefit. Person-to-person payments like Venmo and Zelle are not considered direct deposits.
  • When do you receive your bonus? Chase says you’ll get the money within 15 days after setting up direct deposit.
  • Is there a time limit on the offer?Yes. It expires July 24, 2024.
  • Can you avoid the monthly service fee? The $12 charge can be avoided if you do any one of the following:
    • Post a total of $500 per month in direct deposits or other payments into the account, including to your debit card
    • Keep a balance of $1,500 or more in the account at the beginning of each day
    • Maintain an average daily balance of $5,000 or more across all of your qualifying Chase deposit accounts.

The other two everyday checking accounts are Chase Secure Banking℠ and Chase Premier Plus Checking℠. Chase Secure Banking has a monthly fee of $4.95, which can be waived by meeting certain requirements. Chase Premier Plus Checking has a monthly maintenance fee of $25, which can be waived by meeting certain requirements.

Two premium accounts, Chase Sapphire Banking and Chase Private Client Checking℠ waive fees for non-Chase ATMs and for personal design checks. They also offer higher limits on Chase QuickDeposit℠ and Zelle® money transfers, fewer fees on specific services, and exclusive sports and entertainment benefits.

Both Chase Premier Plus Checking and Chase Sapphire Banking are interest-bearing accounts. Like most Chase accounts, the interest rates are well below the competitive rates offered by online banks. Premier Plus Checking has no fee for the first four non-Chase ATM transactions each statement period. Chase Sapphire Banking waives all fees for non-Chase ATM use.

One of the better offerings from the banking giant is Chase College Checking℠. The account is designed for college students ages 17 to 24. There is no monthly service fee for college students for up to five years while you attend school, provided you show proof of your student status. The account comes with a free debit card and account access online and through Chase’s mobile app.

Chase also offers a High School Checking account (ages 13 to 17) and Chase First Banking℠, a parent-owned account for children ages six to 17.

Below is a breakdown of all of Chase’s checking account offerings.

Checking Account APYMonthly Fee
Chase Total Checking®N/A$12
Chase Secure Banking℠N/A$4.95; $0 with requirements
Chase Premier Plus Checking℠0.01%$25; $0 with requirements
Chase College Checking℠N/A$6; $0 with requirements
Chase First Banking℠N/A$0
Chase High School CheckingN/A$0
Chase Sapphire Banking0.01%$25; $0 with requirements
Chase Private Client Checking℠ 0.01% (effective as of 3/22/2024)$35; $0 with requirements

Savings

Chase Bank has two savings account offerings: Chase Savings℠ and Chase Premier Savings℠. Neither account offers competitive rates, especially when compared with savings rates at many online banks.

Chase Savings is a basic interest-bearing savings account that earns a meager 0.01% APY on all balances. The account carries a $5 monthly maintenance fee, but it can be waived if you meet one of the following monthly criteria:

  • Maintain a $300 balance or more at the beginning of each day
  • Have $25 or more in Autosave or other recurring automatic transfers from a Chase personal checking account
  • You’re younger than 18 years old
  • Have a linked account from select Chase bank accounts

Chase Premier Savings features a $25 monthly management fee, but it can be waived by meeting one of these two monthly requirements:

  • Maintain a $15,000 balance or more at the beginning of each day
  • Have a linked Chase Premier Plus Checking or Chase Sapphire Checking account

The Premier Savings account offers tiered interest rates based on the account balance and whether you qualify for its relationship rates. Chase Premier Savings’ standard rate is 0.01% APY, but you can earn up to 0.02% APY if you have a linked Chase Premier Plus Checking or Chase Sapphire Checking account and meet monthly transaction requirements.

The account charges a $5 fee for select transactions over the limit of six per month.

CDs

Chase Bank Certificates of Deposit are available in a host of term lengths, ranging from one month to 10 years. Opening a CD through Chase requires a $1,000 minimum deposit. The standard CD rate is 0.01% APY for all term lengths. Customers with a linked Chase checking account are eligible for higher relationship rates based on term length and account balance.

Chase also offers special CD ladder rates for Chase Private Client customers who open four CDs of varying term lengths simultaneously for the same amount.

Depending on term length, withdrawals from Chase CD accounts are subject to early withdrawal penalties of up to 365 days of interest on the amount withdrawn (up to the total amount of interest earned during the current CD term). CDs automatically renew once they reach maturity. Customers can renew their CD, add funds, change terms or withdraw funds during the 10-day grace period following the maturity date.

CDs can be a great way to grow your savings over time, especially if you have funds you don’t need to access for a while.

Here are the current CD terms and rates available through Chase.

CD TermRelationship Rates

APY
$0 - $9,999

APY

$10,000 - $24,999.99

APY
$100,000 - $249,999.99

APY
$250,000+

1 Month

2 Months

0.02%
4.50%

0.02%
4.50%

0.02%
4.50%
0.02%
5.00%
3 Months2.00%2.00%2.00%2.00%
6 Months
9 Months
3.00%
4.25%
3.00%
4.25%
3.00%
4.25%
3.00%
4.75%
12 Months2.00%2.00%2.00%2.00%
15 Months
18 Months
21 Months
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
24 Months2.50%2.50%2.50%2.50%
30 Months2.50%2.50%2.50%2.50%
36 Months2.50%2.50%2.50%2.50%
42 Months
48 Months
60 Months
84 Months
120 Months
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
Chase Bank Review 2024 (2024)
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