Chase Private Client Checking℠ Review
- Fee
- $35 per month
- APY
- 0.01%
- Minimum deposit to open
- $0
Our verdict
Access to exclusive perks and VIP treatment if you qualify for this elite program.
Chase Private Client Checking℠ is a membership upgrade that comes with a long list of exclusive benefits and perks. And an enticing welcome offer serves as quite the cherry on top. However, it takes an extremely steep requirement to waive the high monthly fee.
Best for: High earners who already bank with Chase.
Pros
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Select from an array of Chase credit cards
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Free customized financial analysis
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Pay no Chase fees on most everyday banking transactions such as wire transfers and debit card purchases abroad
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Member FDIC
Cons
-
Monthly fee
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Steep requirements
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Low interest
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Investment management fees
-
Limited branch availability
What we like about Chase Private Client Checking℠
Upgrading to Chase Private Client Checking℠ gives you access to a handful of benefits that make banking easier:
- Dedicated team. You’re connected with a Chase Private Client Banker to help manage your finances.
- Credit card access. Access to the exclusive JP Morgan Reserve Credit Card.
- Minimal fees. You won’t pay for foreign transactions, wire transfers, or small safe deposit boxes.
- Relationship rates. Get better rates on home and auto loans, along with reduced closing and origination fees.
- Family benefits. Benefits are extended to your family, giving them access to all the Chase Private Client Checking℠ perks.
- Higher ATM and purchase limits. This account has a daily ATM withdrawal limit of up to $3,000, and a daily purchase limit of up to $7,500. Other Chase accounts come with lower limits, but your specific limit may vary.
What could be better
While this program has a lot to offer, there are still a few potential drawbacks to be aware of:
- Monthly fee. You’ll pay a monthly fee of $35 for this account unless you keep an average daily balance of $150,000 or more across your Chase accounts, or you need a linked Chase Platinum Business Checking account.
- May not be able to open online. To open this tier, you must visit a branch, or you might be able to do it over a phone call, but this varies.
How do I upgrade to Chase Private Client Checking℠?
Request a meeting with a Private Client banker to review your qualifications through the Chase Private Client Checking℠ portal. Keep in mind that Private Client isn’t available at all branches, so you’ll need to locate one that offers it.
How can I get in touch with Chase Private Client Checking℠?
If you’re an existing Chase Private Client Checking℠ member, you can reach customer service at 888-994-5626. If not, visit the Chase Private Client Checking℠ website and fill out the contact form to have them reach out via phone or email.
Checking account ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.
Your reviews
Bethany Finder
Banking editor
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