Chase Review

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Advantages Over Regular Bank 

Chase is one of the most convenient and well-known online banking options out there. Chase offers several different savings and checking account options, including specialized checking accounts for students and resources for military customers. 

Since Chase has the largest assets of all U.S. banks, they are able to offer sign-on bonuses and new account incentives.

Chase’s Business account offers a reward of $300 for opening an account, dependent on the following conditions: deposit a total of $2,000 or more in new money within 30 days of account opening and maintain a $2,000 balance for 60 days. Customers must also complete 5 qualifying transactions within 90 days of opening an account.¹ Chase Business accounts have no limits to electronic deposits and offer same day deposits at no additional cost.

Cutting-Edge Banking Services

Chase is able to meet a huge variety of banking needs with its large range of financial products, from checking accounts and reward credit cards to money market accounts and mortgage loans. Customers can open up most of these accounts online and continue to maintain them entirely online. This flexibility makes Chase one of the best online banks for those seeking comprehensive digital services.

Here are the top Chase banking features:

• Multiple personal and business accounts: Whether you want to manage your finances, start a small business, or run a mid-sized business, Chase has the right account for you. 
• Student Checking: Most banks offer a generic student checking for anyone under 25, but Chase offers student checking for college and high school students. The student checking account for high school students comes with zero fees when linked to a guardian or parent’s account. 
• Business Checking: Chase’s Business Checking account provides great benefits for its customers such as waiving monthly service fees if customers meet certain criteria.²
• Chase QuickPay Zelle: Chase uses Zelle which allows you to pay virtually anyone at any bank. You can also access your money instantly when someone pays you through Zelle. 
• Complete car financial services: Not only can customers apply for auto loans and auto refinancing at competitive rates, but Chase offers a few unique services. In select states, customers can choose Chase Auto Preferred, which is a concierge car buying service that connects customers to local dealers and provides discounted pricing.

Traditional Banking Services 

Chase offers virtually all of the traditional banking services you need with the exception of personal loans and student loans. Here are some of the highlights of Chase’s traditional banking services:

• Full ATM accessibility: With over 16,000 ATM locations and 4,700 branch locations, it is easy to find a Chase ATM near you. Unlike other online banks, you can deposit cash and up to 30 checks. Since the Chase mobile app can only accept up to $2,000 in checks per day, it does make it difficult for select freelancers and business owners. 
• Top-rated rewards credit cards: Chase’s Sapphire and Freedom credit cards both come with a lot of perks and rewards. Even better, all of Chase’s credit cards use the same point hub—Ultimate Rewards—which makes it easier to keep track of your points. 
• Wide range of services: Chase’s wide range of banking products includes mortgage loans, home equity products, and auto loans. 

 Interest Rates and Fees 

Chase offers several different checking and savings accounts. All of Chase’s checking accounts come with fees, however, these account fees can be waived by maintaining an account balance minimum or setting up a recurring deposit. 

Chase does not have high-interest rates compared to other online savings accounts. Most accounts and CDs earn 0.01% to 0.02% APY.

Chase offers all its customers the option of opening savings and CD accounts online. There are benefits to maintaining a combination of Chase checking and savings accounts—including zero monthly fees when maintaining a minimum balance.

Selected rates appear below:

Customer Service 

Chase has 24/7 customer service available for credit card customers, but through Chase’s online portal and mobile app, customers can quickly do several self-service tasks, such as replacing a card. The easiest way to reach customer service is through your online account or while signed into the app. Customers can also tweet @ChaseSupport for quick answers during business hours. Chase also offers telephone support in English and Spanish. As previously mentioned, premium online checking account holders get access to 24/7 customer support.

Mobile Apps 

Chase’s mobile app is extremely user friendly and allows customers to complete all of their banking needs quickly and securely. The app works for both iPhone and Android devices and has facial recognition software. 

The Chase app allows you to:

• Open new accounts or products
• QuickDeposit
• QuickPay with Zelle
• Manage travel notifications
• Wire and global transfers
• Check routing and account numbers

Security

Chase uses 128-bit encryption technology to protect usernames, passwords and other personal account information when customers use the app or mobile site. Additionally, Chase uses multiple authentication checks to make it harder for scammers to reach your account.

Chase constantly monitors accounts and makes it easy to report fraud and to forward any fraudulent emails to their security team at phishing@chase.com. The Chase website also contains some useful articles on how to keep your accounts safe. To get notifications of any suspicious behavior related to your accounts, keep your alerts setting switched to “on.”  

Conclusion 

Chase Online Banking is part of the largest bank in the United States but offers online banking services more typical of a tech-savvy banking startup. With Chase Online Banking, users get access to a full suite of online banking and mobile banking features without having to forego any of the benefits of traditional banking. Chase is suitable if you want to open an online checking account or combined checking and savings accounts.

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Disclaimers

¹Qualifying transactions are: debit card purchases, Chase QuickAccept℠ 
deposits, Chase QuickDeposit℠ , ACH (Credits), wires (Credits and Debits), Chase Online℠  Bill Pay.

²The monthly service can be waived if you maintain a linked Chase Private Client Checking℠  account or are a current servicemember or veteran of our nation's military. Or if you fulfill at least one of the following qualifying: 1) Maintain a minimum daily balance of at least $2,000 in your account each day of the statement period. 2) Spend at least $2,000 using your Chase Ink® Business Card(s) on purchases. 3) Deposit at least $2,000 into your Chase Business Complete Checking account from one or more of the following: Chase QuickAccept℠  transactions, and/or transactions from eligible Chase Merchant Services, and/or eligible InstaMed products.