Chase Bank is insured by the Federal Deposit Insurance Corporation (FDIC). In the unusual event that the bank fails, every customer’s funds are guaranteed $250,000. Chase also uses security procedures similar to other big banks, such as advanced account information encryption and two-factor authentication.
Chase has a variety of checking and savings accounts to choose from. Each account holder has access to all of Chase’s physical facilities and ATMs, as well as internet banking and the Chase mobile app.
Monthly maintenance fees apply to Chase’s checking and savings accounts. If you maintain a specific minimum amount or make consistent monthly payments, you may avoid these fees depending on the account. You can open a Chase account online or in person at a Chase branch. You’ll require your:
- Social Security number from driver’s license or state ID
- Information about how to contact us (name, home address, email address, number)
- Money to open a bank account
Choose a Chase account type and make an initial deposit. Chase offers two types of savings accounts, each with a different interest rate. Both levy fees can be eliminated if specific criteria are met.
You must be under the age of 18 to hold an account. If you are under 18, your account will be charged automatically unless you meet one of the qualifications listed below.
- Maintain a minimum daily balance of $300 in the savings account.
- Set up an automatic monthly transfer from your Chase checking account of at least $25.
- Have a Chase Premier Plus or Chase Sapphire checking account linked to your card.
In summary, with a few pieces of information and a little deposit, you can start a Chase checking or savings account. Each account has a monthly fee that can be waived if certain criteria are met.
Visit our blog page to learn more about the process of opening an account in various banks.