Chase Private Client review
Access to exclusive perks and VIP treatment if you qualify for this elite programChase Private Client is a relationship tier that’s only available to customers who have a balance of at least $250,000 across their Chase investment and banking accounts. If you qualify, you’ll get access to a dedicated banking and investing team, plus a long list of other perks.
Minimum deposit to open
What are the benefits of Chase Private Client?
Upgrading to Chase Private Client gives you access to a handful of benefits that make banking easier:
- Signup bonus. The current incentive to join this program is a $2,000 Welcome Bonus when you upgrade by August 10, 2020.
- Dedicated team. You’re connected with personal advisors and bankers dedicated to helping you manage your banking and financial needs.
- Credit card access. Access to the exclusive JP Morgan Reserve Credit Card.
- No fees. You won’t pay for wire transfers, monthly service charges, foreign transaction fees or small safe deposit boxes.
- Home and auto loans. Get better rates on home and auto loans along with a dedicated team and reduced closing and origination fees.
- Investment benefits. A dedicated advisor analyzes your finances and helps you develop an investment strategy. Use its online investing platform, You Invest, to get free stock and ETF trades.
- Family benefits. Benefits are extended to your family, giving them access to all the Chase Private Client perks.
What should I look out for?
While this program has a lot to offer, there are still a few potential drawbacks to be aware of:
- Steep requirements. You’ll only qualify for Chase Private Client if you have at least $250,000 in your Chase investment and bank accounts.
- You Invest. While this online platform gives you free stock and ETF trades, You Invest is suited for beginner investors. You’ll also still pay for bond and mutual fund purchases.
- Low interest. With a minimum deposit requirement of $250,000, you could potentially earn a lot more interest if you were to deposit that amount in a different savings account.
- Investment management fees Chase can help you manage your investments, but you’ll still be on the hook for any fees — which can be high compared to other services.
- Limited branch availability. Chase Private Client is only available at select branches and the bank doesn’t have branches in IN, KY, LA, MA, ME, MI, MO, NH, OH, OK, RI, VT or WV.
If you’re not at the required minimum, you’re looking for a better rate or you simply want to be sure you’ll have access to a branch location, you may want to compare your savings options to find an account that better suits your situation.
How do I upgrade to Chase Private Client?
Request a meeting with a Private Client banker to review your qualifications through the Chase Private Client portal. Keep in mind that Private Client isn’t available at all branches, so you’ll need to locate one that offers it.
How do I qualify for Chase Private Client?
To qualify for Chase Private Client, you’ll need to have a daily balance of at least $250,000 across eligibile Chase accounts.
How can I get in touch with Chase Private Client?
If you’re an existing Chase Private Client member, you can reach customer service at 888-994-5626. If not, visit the Chase Private Client website and fill out the contact form to have them reach out via phone or email.
What Chase accounts work with Private Client?
All Chase personal, business and investment products work with Chase Private Client.
Frequently asked questions
Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading.