Chase Bank Review: FullService Banking Is Their Strength


Chase is probably one of the most well known banks in the United States. They have branches almost everywhere, and have a full array of banking products and services, including for both consumers and businesses.But how good of a bank are they? Should you consider using them? Let’s break it down in our Chase Bank review, and also see how they compare to the best online banks. If you’re thinking about Chase for your business, see how they compare to the other best business checking accounts.

Chase Bank, also known as JPMorgan Chase Bank, is one of the largest banks in the U.S. It has 16,000 ATMs and nearly 4,900 branches. Chase Bank is also a full-service bank offering a full range of deposit and loan products.

We’re going to look at the deposit products offered by Chase Bank. But they also offer a wide range of products and services, including business accounts. 

There are four different checking accounts. One is a special college student account that waives the monthly service fee for up to five years. See how their checking accounts compare on this list of the best free checking accounts.

There is a $12/month fee but it is waived for the following:You’ll incur a $2.50 fee for each non-Chase ATM that you use.This account also has a bonus when you sign up. Check out the best bank bonus offers here.

You must be 17 to 24 years old and have proof of student status. There is a $6/month fee waived for up to five years while you’re in college. You can also avoid the monthly fee by:See the best college student checking accounts here >>

There is a $25/month fee but it is waived for the following:The fee is also waived for military members, which makes this account one of our top picks for best military checking accounts.You get four non-Chase ATM fee waivers per statement period. Sign up for a Chase Premier Plus Checking account here >>

There is a $25/month fee but it is waived if you have $75,000 total in your Chase accounts. There are no ATM fees worldwide. 

Chase savings accounts earn very low interest and can incur fees if certain criteria are not met. Each savings account allows six withdrawals per statement. After that, there is a $5 Savings Withdrawal Limit Fee for each withdrawal.Chase has never made our list of the best savings accounts. But you can see which banks do here: Best Savings Accounts.

You can earn up to $150 by opening a Chase Savings account. There is a $5/month fee but it is waived if you have a $300 beginning daily balance, do one $25 transfer from a Chase checking account, or link with certain Chase accounts.

There is a $25/month fee but it is waived if you have a $15,000 beginning daily balance, do one $25 transfer from a Chase checking account, or link with certain Chase accounts.

Even Chase CDs pay low interest compared to many other banks. Yields go up as CD terms and the CD balances increase. Starting with a 1-month CD, the yield is 0.02% and goes up to much higher for a 120-month CD with a $100,000+ balance.Chase rewards those who link certain Chase accounts together. These can mean higher interest rates a waiver of the monthly fee. This feature is called “relationship.”See where you can find the best bank CD rates here.Like most banks, Chase offers online and mobile banking. You can do a lot of banking through the Chase mobile app. It includes check deposits, the ability to pay your credit card, the ability to send money through Zelle, the ability to set up account alerts, the ability to find branches and ATMs, plus a lot more.On the Apple App Store, the app has a 4.8/5 rating out of 1.7 million ratings.

Yes. Being a full-service bank, you are likely to encounter more fees and lower yields than an Internet-only bank. In addition to the minimum balance and ATM fees mentioned above, there are also the following:There are other fees which you can read about here: https://www.chase.com/content/dam/chasecom/en/checking/documents/clear_simple_guide_total.pdf.

You can open an account online or at a branch. You’ll need the following information:

Yes. Chase deposit accounts are FDIC-insured up to $250,000 per depositor. Chase also uses bank-grade encryption.

If you are looking strictly for high yields, Chase doesn’t offer anything competitive. If you want accounts that charge the fewest fees possible, Chase isn’t going to fit the bill. But if you need a full-service bank where you can do all of your banking, want access to branches, and have ATM locations all over the U.S., Chase is a great choice.With multiple accounts at Chase, you can save on some fees and earn a little higher yield through “relationship” account linking.

Written by Investors Wallets

Team managing $305 million exits Wells Fargo for LPL

The Best Credit Cards To Maximize Travel Rewards