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finder.com’s rating: 2.5 / 5.0
★★★★★
Formerly known as Chase Premier Platinum Checking, the Chase Sapphire Checking account has minimal fees and comes with a number of plum benefits exclusive to Chase Sapphire customers. But you need at least $75,000 to avoid the monthly fee and in-person customer support is limited for those who don’t live in one of the 28 states where it has branches.
$25 per month
Fee
0.01%
APY
$0
Minimum deposit to open
APY | 0.01% |
---|---|
Fee | $25 per month |
To waive the fee | Have an average beginning day balance of $75,000 or more in any combination of this account and linked qualifying deposits/investments |
Minimum deposit to open | $0 |
Intro or bonus offer | Get a $1,000 welcome bonus when you join Sapphire Banking. Within 45 days of joining, transfer a total of $75,000 or more in qualifying new money or securities to a combination of eligible checking, savings and/or investment accounts (excludes any J.P. Morgan retirement accounts and CDs), and maintain the balance for at least 90 days. |
ATMs | Free to use anywhere worldwide |
ATM transaction fee | $0 |
ATM fee rebates | Chase will refund all ATM fees worldwide |
Out-of-network ATM fee | $0 |
Foreign transaction fee | 0% |
Overdraft fee | $34 |
Nonsufficient funds fee | $34 |
Review by
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.
If you usually have a running balance of at least $75,000 in your combined checking, savings and investment accounts, then the Chase Sapphire Checking account could be a good fit. It has no minimum deposit, minimal fees and higher transaction limits than other Chase accounts.
But the 0.01% APY is almost non-existent. If you’re looking for a checking account with higher rates — or one that doesn’t require a $75,000 minimum balance — then this one isn’t for you.
You can open a Chase Sapphire Checking account online or at a local Chase branch.
Follow these steps to apply online.
Anyone can open a Chase Sapphire Checking account if they meet these requirements:
Have the following information ready when you apply online or in-person:
The Chase Sapphire Checking account comes with standard banking features such as FDIC-insured deposits, free bill pay and a debit card, along with these perks:
This account comes with a Sapphire Banking Debit Card with chip technology. You can make purchases online and in person, and you’ll have access to over 16,000 ATMs — the largest bank-owned ATM network in the country.
Unlike many other Chase accounts, you won’t be charged an ATM fee — even if you use a non-Chase ATM — and you’ll be refunded any fees charged by the ATM owner. You also won’t be charged exchange rate adjustment fees on ATM withdrawals or debit card purchases made outside the US.
The Chase Sapphire Checking account has these drawbacks:
If you prefer a higher interest-bearing account, you’ll want to keep looking. As always, compare your options when looking for a checking account.
Chase also offers a few other checking accounts:
Yes. Chase has a number of business services available, including:
★★★★★ — 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.