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★★★★★
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. Formerly known as Chase Premier Platinum Checking, it offers the opportunity to waive its monthly service charge, has minimal fees and comes with a number of plum benefits exclusive to Chase Sapphire customers. If you’re looking for in-person customer support, however, you’ll want to make sure you live in one of the 28 states where it has branches.
$25 per month
Monthly fee
0.01%
APY
$0
Minimum deposit to open
| APY | 0.01% |
|---|---|
| Monthly 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 by March 06, 2020. 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.
The Chase Sapphire Checking account is best for travelers who expect to have a high daily balance of at least $75,000 in their account. Its the only Chase checking account that offers free worldwide ATM use. The account is also interest-bearing, but it’s a low 0.01% — this is lower than the average rate for checking accounts.
If you want to bank with Chase but you’re not an avid traveler and don’t expect to have a high daily balance, you’ll want to consider Chase’s Premier Plus or Total Checking account.
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.
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.
This account doesn’t require a minimum deposit when you open your account online or at a branch.
You can open a Chase Sapphire Checking account online or at a local Chase branch. If you choose to open an account in person, make sure to bring your government-issued ID and a second form of identification.
Follow these steps to apply online.
1.Visit the Chase website and click Checking accounts.
2. Click Open now under Chase Sapphire Checking.
3. Fill in your personal information including your name, address and Social Security number, then click Next.
4. Once your application is complete, you’ll need to fund the account.
5. After your initial deposit has been made, you can submit your application.
The only eligibility requirement for the Chase Sapphire Checking account is that you make a $0 deposit when you open it. Chase allows non-residents to open accounts, just make sure to bring your passport.
Chase also offers a few other checking accounts:
Yes. Chase has a number of business services available, including:
Read about the Chase Total Business Checking account
★★★★★ — 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.