Chase Bank Maybe Right Up Your Alley – Money Pacers
Chase Bank Maybe Right Up Your Alley

Chase Bank Maybe Right Up Your Alley

Chase Bank Reviews

(MP) Chase bank is founded in 1824 and headquartered in Manhattan, NY. It operates 5,720 branches in 26 states with online services available to customers located outside of those states. Officially known as JP Morgan Chase, Chase bank is one of the largest banks in the United States as measured by total assets. It offers personal, business, and commercial banking products and services on both the depository and lending side. Chase has made strides to become an industry leader in customer service, with hundreds of thousands employees all over the world.

  • Lower Fees than competitors
  • Higher Checking Account rates than other banks
  • Lower Savings Account rates than other banks
  • More Branches per state than most national institutions
  • Fewer ATMs per state than comparable institutions

What else does Chase Bank offer

There are no real downsides to Chase bank Free Checking, but again there is nothing that really makes the service stand out either. Having one of their checking accounts allows you to use all their ATMs for free. If you use an ATM that is associated with another bank then you will pay that bank’s ATM service fees. Chase Free Checking account comes with a Visa debit card. You can always access your checking account online at or you can access your account by phone. Overdraft protection is available for those that qualify. Fraud protection comes with every account and gives you the assurance that if your identity ever gets stolen they will assist you in getting your money back. You do not have to pay a monthly service fee, as long as you have a monthly direct deposit set up with the checking account or you make at least 5 debit card purchases a month. In the end, JPMorgan Chase’s Free Checking service is an average service that gives you the basics and stops there.

Savings Accounts

The company’s Savings account has an APY (annual percentage yield) of 0.01%, which falls below the national average rate of 0.14%. Look for a bank that offers a high yield savings account. This is the kind of account for people who don’t keep a lot of money in their savings account or who don’t have a lot of money stashed elsewhere.

Monthly Fees: The monthly fee for their Savings account is just a bit less than market average at $5. Maintaining the required minimum balance of $300 will waive this fee, but if you fail to do so your costs will be minimal. Plus, if you have a repeated automatic $25 transfer from a Chase checking account, or other qualifying reasons the fee can be waive.

Withdrawals: $5 charge for exceeding the six qualified withdrawals per month allowed by federal rules

Rates: 0.01% annual interest; rate is variable and subject to change

Bonus: $100 opening bonus if you deposit at least $10,000 within 10 business days and maintain a $10,000 balance for 90 days

Don Briscoe
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Don Briscoe

Finance educator, advisor, and leading voice in the global financial literacy movement.Founder and editor of lives and enjoys life with his family in New York.
Don Briscoe
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