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Compare Chase Bank’s suite of savings and checking accounts
As the largest bank in the US, it serves millions of customers with a range of financial products.
Saving money takes work, and when it comes time to deposit your hard-earned cash, it can be daunting to choose an institution to keep your money safe. Chase Bank is the largest bank in the US, making it one of the most financially secure institutions in the country. It serves over half of all American households with a variety of financial products including personal banking, credit cards and more.
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Editor's pick: Chase Sapphire Checking
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What's in this guide?
What banking products does Chase offer?
- Checking accounts
- Savings accounts
- Money market accounts
- Prepaid cards
- Student accounts
- College 529 plans
- Mutual funds
- Small business accounts
- Commercial accounts
- Business accounts for the military
- Merchant services
- Credit cards
- Lines of credit
- Car buying services and loans
Chase signup bonus coupons
How does Chase compare to other banks and services?
JPMorgan Chase holds more than $2 trillion in assets, making it the largest of the Big Four banks in the US. Headquartered in Manhattan, Chase operates in 28 states with a total of nearly 5,000 branches — second only to Wells Fargo. It has more ATMs than any other bank, with a grand total of over 16,000 units that account for 17.5% of all bank-owned ATMs.
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Where does Chase have branches?
Why should I open an account at Chase?
With a wide range of banking and other financial products, Chase is a popular choice for millions of Americans. From convenience to security, here are other reasons you might like Chase:
- Security. Chase is the largest financial institution in the US, meaning you’ll have the peace of mind that your money is safe. Plus, it’s FDIC-insured, meaning your deposits are protected for $250,000 or more.
- Incentives. Chase offers a range of signup bonuses and incentives for opening new accounts.
- Convenience. With over 16,000 ATMs, nearly 5,000 branch locations and a great online platform, you’ll get easy access to your money.
- Linked accounts. Since Chase offers so many financial products, linking your accounts will allow you to easily manage your money, make transfers and more.
- Great technology. Chase has an intuitive site, online banking system and mobile app, making it simple to manage your accounts from anywhere.
- Low minimums. Chase checking and savings accounts have low minimum deposit requirements.
- Overdraft protection. If your account falls below $0, Chase essentially lends you the money to cover the difference — for a fee each time you use it.
- Easy mobile payments. CChase QuickPay with Zelle allows customers to make and recieve mobile payments using just the recipient’s email address. .
What should I look out for?
As with any large financial institution, there are a few drawbacks to banking with Chase. Here’s what to look out for:
- Low interest rates. Interest rates on Chase bank accounts are far lower than its competitors. If you’re looking for high-interest savings accounts, you may want to consider credit unions, smaller banks or online savings accounts.
- Limited availability. Chase’s services are only available in 28 states.
- ATM fees. If you make a withdrawal at a non-Chase ATM, you’ll be charged $2.50 on top of the ATM fee. If you’re outside the country, you’re looking at a fee of $5 plus 3% of the transaction.
- Below-average customer service. Many customers have had issues with communication, billing and more.
Case study: Jon’s experience
CEO, Finder US
I’ve been a Chase checking customer since it purchased Bank of New York in 2006. I was pretty happy with Chase for the first 10 years, despite the fact that they never offered me a mortgage and regularly called to offer me services I didn’t want. But in 2016, my overdraft credit coverage was canceled. It had allowed me to use a credit card to fund overdrafts rather than savings, and was super convenient when I was in a pinch.
Since then, I’ve been gradually moving my checking account away from Chase to other financial institutions that have been willing to provide me with a mortgage. While I love Chase’s extensive ATM network and the one-button press at their ATMs to get money, and I’ve found their many branches with a notary handy once or twice per year, that’s not enough to keep me in the fold using Chase as my primary checking account. In addition, I’ve found the fees that they charge for the occasional slip-up are higher than other banks, and I hate how Chase’s non-US network is sparse at best and I’m always paying fees overseas.
Chase reviews and complaintsChase Bank holds the highest possible long-term financial ratings from all three major ratings agencies: Fitch, S&P and Moody’s. However, customers seem to have a much different opinion of the institution.Chase is not accredited with the Better Business Bureau, where it receives an F rating based on its failure to respond to 144 complaints and government action taken against it. Customers cite problems with resolving issues with accounts, lack of communication, unfairly rejected applications and more.
Bottom lineChase is a popular bank for millions of customers across the country, offering a range of products and is backed by high financial ratings. If you’re looking to open multiple accounts and want easy access to your money, Chase might be the right choice for you. However, if you’re looking for high interest rates and personalized customer service, you may be better off comparing options from smaller institutions.
Common questions about banking at Chase
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