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Chase is well known for its credit cards, especially its travel and cash back cards. However, it also offers several lending and banking products, including mortgages, auto loans, checking and savings accounts, and more. There are some impressive banking bonuses for new customers, provided you meet certain requirements. Letโs take a look at the menu.
As mentioned, Chase offers several deposit accounts, so youโll want to compare available options to select the right one for your situation. You can open the following types of bank accounts through Chase:
When you apply for a new bank account, youโll need to share your name, address, email, phone number, Social Security number, and other personal information. Youโll also likely need to provide documentation to help verify your identity, address, and employment. The bank may request copies of things such as your driverโs license, recent rent or mortgage statements, and recent pay stubs.
You can apply for most Chase bank accounts online, though youโll need to schedule a meeting with a Chase banker to apply for a CD if youโre not an existing checking account customer. The application process is fairly straightforward, but having the above information and documentation can help expedite things.
Approval is not necessarily immediate. While Chase doesnโt specify how long its decision process takes, it could be a few business days.
As mentioned, Chase sometimes offers bank account bonuses for new customers. If youโre approved for a new checking or savings account, work toward meeting any applicable deposit requirements to earn your bonus. For instance, through Oct. 16, 2024, you can earn a $300 bonus if you open a new Chase Checking account, provide a discount coupon, and make $500 in direct deposits in the first 90 days after that.
Chase currently offers eight checking account options, each tailored to a different type of customer. You can choose from three everyday accounts, three student and kids accounts, and two premium accounts. Note that many of Chaseโs checking accounts have monthly maintenance fees, but the bank will waive these fees if you meet certain requirements.
Available accounts are as follows:
You have fewer options if youโre interested in opening a new Chase savings account, as the bank currently only has three. Its Chase Savings account is the everyday savings option, while Chase Premier Savings is best for higher balances. The Chase Private Client Savings account is only available to those who hold a Chase Private Client Checking account and is tailored to those who need investment guidance.
Chase has CDs with terms ranging from one to 120 months and APYs ranging from 0.02% to 2.50% (as of Aug. 20, 2024). You can get special, more generous โrelationship ratesโ on two-, three-, and nine-month CDs if you link them with a qualifying Chase checking account: 3.25%, 4.75%, and 4.00%, respectively. Interest on Chase CDs is compounded daily and paid out monthly, quarterly, semi-annually, annually, or at maturity.
To find the best possible Chase bank account for your needs, you need to think about the following:
Chaseโs generous account bonuses are a major factor setting it apart from competitors. Through Oct. 16, 2024, if you open qualifying accounts and meet certain requirements, you could earn bonuses of up to $900.
Additionally, Chase is a very accessible bank. It has more than 16,000 Chase ATMs nationwide and 4,700 branch locations, making it easy to retrieve your money. Chase also offers a robust online banking platform and intuitive mobile apps for its customers.
In addition to its popular credit cards, Chase offers several bank account options. You can choose from multiple checking, savings, and CD accounts, each suitable for different customers and savings goals. Compare accounts, rates, fees, and bonuses to find the best option for your situation.
Yes. If you open a new Chase Checking account, you are eligible for a coupon code. If you make direct deposits totaling $500 within 90 days after applying the code, youโll get a $300 bonus. Alas, the offer expires on Oct.16, 2024.
Nothing. Opening a Chase checking account is free, but you might pay monthly service fees, which can reach as much as $35. However, they can generally be waived by meeting certain requirements, such as maintaining a minimum balance.
Through Oct. 16, 2024, you can earn $900 from Chase if you simultaneously open new Savings and Total Checking accounts and meet the deposit and minimum balance requirements.
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