Chase Sapphire Checking account review September 2018 | finder.com

Chase Sapphire Checking account review September 2018

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Enjoy minimal fees, plum benefits and 24/7 priority customer support with this premium checking account.

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.

APY0.01%
Fee$25 per month
To waive the feeHave an average beginning day balance of $75,000 or more in any combination of this account and linked qualifying deposits/investments
Minimum deposit$100
ATMsNationwide.
5,100 branches in 28 states.
ATM transaction fee$0
Nonsufficient funds fee$34
Deposit methodsCash by teller
Cash by ATM
Check by teller
Check by ATM
Mobile/remote check deposit
Bank transfer
Wire transfer
Direct deposit

What are the benefits of Chase Sapphire Checking?

  • Earn interest. Unlike many other checking accounts, this account pays interest at a rate of 0.01% APY.
  • Minimal fees. You won’t be charged non-Chase ATM fees, extended overdraft fees, stop payment fees, incoming or outgoing wire transfer fees and more.
  • Sapphire Banking Debit Card. This account comes with a Sapphire Banking Debit Card with chip technology, providing convenience and security. You’ll also enjoy access to higher ATM and purchase limits than you would with Chase’s other checking account debit cards.
  • Convenient deposit methods. This account allows you to deposit money at branches, ATMs, by mail, online or through its mobile app using Chase QuickDeposit.
  • Security. Chase is the largest financial institution in the US and holds the highest long-term financial ratings by all three major ratings agencies. Plus, deposits up to $250,000 are covered by FDIC deposit insurance and you’ll have access to 24/7 priority customer service.
  • Bill pay. You can use online bill pay to make one-time or recurring payments for free if you make it the primary account for online bill payment.
  • Paper payments. You won’t pay fees for counter checks, money orders or cashier’s checks.
  • Perks and freebies. This card comes with priority customer service and a very relaxed fee schedule. It also includes a 3×5-inch safety deposit box at no extra cost.
  • Special access to events. As a Chase Sapphire customer, you’ll get access to hospitality lounges, early ticket sales and special seating for sports and entertainment events.
  • Wide-ranging support. Beyond Chase’s 5,100 branches, you’ll have access to 24/7 customer service. Plus, you can reach Chase by phone, email, mail and on Twitter.
  • Account alerts. Get alerts via text, email and push notifications when there’s a charge, refund or other transaction on your account.
  • Text banking. This feature allows you to check account balances, view credit card bills and more — all from your phone.
  • Mobile payments. Use QuickPay with Zelle through the Chase mobile app to make payments to virtually anyone.

Chase ATM network and fees

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.

What should I look out for?

  • Minimum opening deposit. This account requires a $100 minimum deposit to open, but it doesn’t have any monthly balance requirements.
  • Monthly service fee. The Chase Sapphire Checking account comes with a $25 monthly service fee, which can be waived if you have an average beginning day balance of at least $75,000 in this account and linked qualifying checking, savings and investment accounts.
  • Insufficient funds fees. You’re allowed four fee-free insufficient funds or returned item occurrences every year. After that, you’ll be charged $34 for each debit card purchase that overdraws your account — with a maximum of three per day. This fee doesn’t apply if:
    • Your account balance at the end of the business day is overdrawn by $5 or less.
    • The transaction was for $5 or less, even if your end-of-day balance is overdrawn.
    • You made a withdrawal at an ATM.
  • Limited availability. Although Chase has over 5,100 branches, it only operates in 28 states and Washington, DC.

Where does Chase have branches?

  • Arizona
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Kentucky
  • Louisiana
  • Massachusetts
  • Michigan
  • Nevada
  • New Jersey
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Texas
  • Utah
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin

How much do I need to open an account?

This account requires a minimum deposit of $100, which can be funded when you open your account online or at a branch.

How do I apply?

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.
Chase Sapphire Checking account screenshot

Eligibility

The only eligibility requirement for the Chase Sapphire Checking account is that you make a $100 deposit when you open it. Chase allows non-residents to open accounts, just make sure to bring your passport.

Required information

  • Name
  • Date of birth
  • Address
  • Government-issued ID
  • Social security number — or passport for foreign applicants
  • Income information

What other checking options does Chase offer?

Chase also offers a few other checking accounts:

  • Chase Total Checking. This no-frills checking account comes with a $12 monthly service fee that you can waive by meeting certain requirements, but it doesn’t earn interest.
  • Chase Premier Plus Checking. Open this checking account with just a $25 minimum deposit and enjoy four non-Chase ATM fee waivers each statement period, earn interest on your balance, score free checks and money orders and more.
  • Chase College Checking. Geared toward college students ages 17 to 24, this account’s $6 monthly service fee is waived for up to five years while you’re in school.
  • Chase High School Checking. Parents can open this account with their children ages 13 to 17 to start teaching them healthy spending and saving habits.

Does this bank offer business services?

Yes. Chase has a number of business services available, including:

  • Business checking accounts. Choose from three different checking accounts for your business which all come with unlimited electronic deposits, mobile and online banking, account alerts and more.
  • Merchant services. Whether you’re looking for payment solutions for your brick-and-mortar store or online shop, Chase’s suite of merchant services can help.
  • Business credit cards. Chase offers a number of business credit cards, no matter if you’re looking for cashback rewards, travel perks or a good intro APR period.
  • Business lending. Get everything from equipment financing to term loans to lines of credit through Chase to help your business manage cash flow and invest in new opportunities.

Compare with other checking accounts

Name Product APY ATMs Fee
NBKC Personal Account
NBKC Personal Account
0.9%
Use any of the 32,000+ MoneyPass ATMs in the US for free
$0
Ain’t nobody got time for gotchas. Open accounts in less than 5 minutes.
0.01%
Nationwide
$0
An online checking account means no driving around town, no waiting in line and no bankers' hours.
Surcharge-free Umpqua ATMs in all of the network's 5 states, plus up to $10 per month in ATM fee rebates
$0
Simple and straightforward, a checking account for anyone looking for no-frills banking.
Surcharge-free Umpqua ATMs in all of the network's 5 states, plus 4 non-Umpqua ATM fee rebates per month
$5/month
(can be waived)
A checking account that's tied to your savings and comes with lots of fee rebates.
Chase College Checking
Chase College Checking
Nationwide. Access to 16,000 ATMs and 5,100 branches.
$6/month
(can be waived)
College Checking comes with no monthly service fee as long as you’re between 17-24 years and a student for up to 5 years.
Nationwide. Access to 16,000 ATMs and 5,100 branches.
$12/month
(can be waived)
Our most simple checking account is easy to use and gives you access to 16,000 ATMs and 5,100 branches.
Surcharge-free Umpqua ATMs in all of the network's 5 states, plus up to $25 per month in ATM-owner fee rebates
$20/month
(can be waived)
Easy banking for complicated lives.
0.01%
Surcharge-free HSBC ATMs nationally and internationally, plus up to four rebates a month for using non-HSBC ATMs in all US states except New York
$25/month
(can be waived)
Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance Checking account with qualifying activities
0.01%
Nationwide.
Access to 16,000 ATMs and 5,100 branches.
$25/month
(can be waived)
Earn interest with Chase Premier Plus CheckingSM.
0.01%
Nationwide.
5,100 branches in 28 states.
$25/month
(can be waived)
Premium banking and more, designed for your life.
0.01%
Surcharge-free HSBC ATM access nationally and internationally
$50/month
(can be waived)
Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier Checking account with qualifying activities.

Compare up to 4 providers

Bottom line

The Chase Sapphire Checking account comes with a number of premium benefits, along with priority customer service around the clock. Plus, the relaxed fee schedule allows you to avoid ATM fees, extended overdraft charges and more. However, if you don’t hold a balance of at least $75,000, you’ll need to pay a monthly service fee. And if you’re looking for an account that earns interest, the 0.01% APY is low compared to checking accounts at other banks.

Frequently asked questions.

Peter Carleton

Peter Carleton is a writer at finder.com who specializes in credit cards, life insurance, mortgages and more. In his free time, you can find him cooking, writing or honing his skills in WordPress development.

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