Chase Canada alternatives

Chase Bank is the largest bank in the USA and offers a full range of personal banking products, from chequing and savings accounts to credit cards and mortgages. So if you’re looking to open a bank account, you might be wondering if Chase Bank is in Canada.

Is Chase Bank available in Canada?

Chase Bank does not offer personal banking services in Canada. While it does offer Chase Merchant Services, which provide payment solutions for Canadian businesses, it doesn’t offer products like chequing accounts, savings accounts and credit cards in Canada.

The good news is that there are several banks offering legitimate alternatives to Chase in Canada. Compare these six options.

6 Chase Bank alternatives in Canada

What is Chase Bank?

Chase is the consumer and commercial banking arm of JPMorgan Chase & Co., a global financial services company based in the USA. Headquartered in New York, Chase Bank offers a full range of personal and business banking products and services in the US.

The largest bank in the US, it operates a network of over 4,700 branches and more than 15,000 ATMs.

Where does Chase Bank operate?

Chase Bank operates in the United States, but it also offers personal bank accounts in the United Kingdom. While it previously offered credit cards in Canada, Chase announced that it was leaving the Canadian market in March 2018.

What financial products does Chase Bank offer in the US?

Chase offers all the usual financial products and services you’d expect from a major bank in Canada. Its offerings for US customers include:

• Chequing accounts
• Savings accounts
• Credit cards
• Certificates of deposit
• Auto financing
• Home equity lines of credit
• Mortgages
• Investing
• Business banking services

Can I use my Chase credit card in Canada?

Yes, you can use your Chase credit card in Canada to pay for purchases and withdraw cash from ATMs. Cards on the Visa and Mastercard networks are widely accepted across Canada and around the world. However, you’ll need to consider currency conversion costs and watch out for foreign transaction fees when using your credit card internationally.

Can I get a Chase credit card in Canada?

If you want to apply for a Chase credit card in Canada, we’ve got bad news: Chase Bank no longer offers credit cards in Canada. You’ll need to be a US resident to apply for a credit card from Chase.

Is the Chase Sapphire Preferred or Sapphire Reserve card available in Canada?

No. You’ll need a US address and either a US Social Security Number (SSN) or Individual Tax Identification Number (ITIN) to qualify for a Chase credit card.

Is the Chase Aeroplan card available in Canada?

No. The Chase Aeroplan Card allows users to earn points in Air Canada’s Aeroplan loyalty program, but it’s only available in the USA.

Dive deeper: Our picks for the best credit cards in Canada

Can I use my Chase debit card in Canada?

Yes. Chase debit cards typically operate on the Visa network, and Visa cards are widely accepted by merchants and ATMs across Canada. However, you’ll need to take into account currency conversion costs and foreign transaction fees when using your debit card internationally.

Dive deeper: Full guide to using debit cards Canada

Chase Merchant Services in Canada

Chase doesn’t offer personal banking in Canada, but it does have a Canadian presence in the form of Chase Payment Solutions, which was formerly known as Chase Merchant Services. It offers Chase POS Canada payment solutions for businesses, including POS terminals for in-person payments, and options for receiving payments online and over the phone.

Is Chase Paymentech available in Canada?

Yes. Chase Paymentech Solutions Inc. is run by J.P. Morgan Payments. It offers electronic payment processing services for businesses and is used at over 110,000 Canadian business locations.

Dive deeper: Our picks for the best business bank accounts in Canada

Bottom line

Chase doesn’t offer personal bank accounts in Canada, but there are plenty of Chase Canada alternatives to choose from. Compare accounts from the Big Five as well as online banks before deciding where to open a chequing, savings or hybrid account.

BMO Performance Chequing Account

• Earn up to $1,100 in cash bonuses from BMO
• Exclusive: Get an extra $175 reward from Finder + a $25 BMO referral boost
• Get up to 5.00% promo interest with a linked savings account

Go to site

Frequently asked questions about Chase Bank in Canada

• Are there any Chase Bank branches in Canada?

  No, Chase does not have any physical bank branches in Canada.

• Is a Chase credit card available in Canada?

  No, Chase Bank does not offer a credit card in Canada.

• What is the Canada Deposit Insurance Corporation (CDIC)?

  The CDIC is a federal crown corporation that insures savings deposits at its members' financial institutions. This means that eligible deposits you make at CDIC member institutions (such as banks and credit unions) are covered up to $100,000 per insurable category if your financial institution fails.

• Can I transfer money from a US Chase account to a Canadian bank account?

  Yes, you can transfer money from a US Chase account to a Canadian bank account using an international wire transfer. You'll just need the recipient's name, address, Canadian bank account number and the bank's SWIFT/BIC code.