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Ways to Avoid the Chase Checking Account Fees

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Due to tougher financial regulations following the Great Recession, Chase tightened its checking account products to the point where it can be difficult for some people to waive their monthly checking account fee.

As a result, Chase checking account customers need to pay more attention to their account in order to avoid monthly checking account fees.

Who knew free checking accounts required such high maintenance?

Similar to how banks have found ways to adapt to the financial rules and legislation, customers also have discovered ways of avoiding bank rules and restrictions.

Chase Checking Accounts Fees

Chase Total CheckingChase Premier Plus CheckingChase Student Checking
Monthly Service Fee$12$25$6
Non-Chase ATM while using a non-Chase ATM in the U.S.$2.50$2.50$2.50
Non-Chase ATM while using outside the U.S.$5$5$5
Overdraft Fee$34$34$34

For those who already meet these requirements, there is nothing more they need to do.

How To Avoid The Monthly Chase Checking Fees

Chase Total CheckingChase Premier Plus CheckingChase Student Checking
Direct deposits totaling $500 or more made to this accountAn average daily balance of $15,000 or more in any combination of qualifying linked deposits/investmentsUp to five years while in college
OR, a $1,500 minimum daily balance in this accountOR, automatic payments to your qualifying linked Chase rst mortgage from your Chase accountOR, a direct deposit made to this account. Direct deposits can be an ACH credit, payroll, pension or government bene ts such as Social Security
OR, an average daily balance of $5,000 or more in any combination of qualifying linked deposits / investmentsOR, an average daily balance of $5,000 or more in this account

See MyBankTracker best picks of free checking accounts.

For others who are struggling to keep their checking account “free,” here are two popular ways to meet the fee-waiver requirements of these Chase checking accounts:

Take Advantage Of ACH Credit Transfers

Currently, Chase’s computer system considers direct deposits to be ACH credits.

Therefore, a transfer from your online savings account or from a PayPal account fulfills the direct deposit requirement because it is an ACH credit.

You have to initiate a monthly ACH transfer of $500 into your checking account.

Afterward, you can move the money back to where it belongs. This will mean that you have to keep $500 readily available every month.

To keep this from being a monthly task, use monthly scheduled transfers to automate the process.

Disclaimer: Chase may change system protocols and nullify this method at any time.

According to existing "Chase Checking" account holders, an ACH transfer of $500 or more is confirmed to trigger a direct deposit alert and the monthly fee was not charged.

Convert To Chase Checking and Make 5 Debit Card Purchases

Customers who had the Chase Basic Checking, Chase Free Extra, and Chase Free Classic checking accounts could have requested that their accounts be converted to Chase Checking -- or closed their account and open a Chase Checking account.

The grandfathered Chase Checking account would allow you to make debit card purchases to waive the monthly fee.

It is important to point out that you have to make "credit" purchases with the debit card. There is no minimum spending amount per purchase. So, you can make five small debit card purchases every month to avoid monthly checking account fees.

Tip: Quick trips to the convenience store, drugstore, or dollar store for inexpensive items such as a piece of candy will easily meet the requirement.

You can even charge your debit card five times in a single trip if you so desired. Remember that you must select “credit” at the checkout counter.

How Much to Keep to Avoid Fees

If you can keep a minimum balance in an account to avoid the monthly fee, that would be best. You don't have to worry about performing certain transactions every month just to waive the fee.

Usually, the better the checking account, the higher the balance that you'll have to maintain to meet the fee waiver requirements.

Additionally, as you move to higher-tiered checking accounts, these minimum balances may include a combination of deposits from different Chase accounts under your name, including savings, CDs, and investment accounts.

For Chase checking accounts, these are the minimum balances that you have to maintain to avoid the monthly fee:

  • Chase Total Checking: $1,500 or more in this account
  • Chase Premier Plus Checking: $15,000 or more in this account and linked qualifying deposits/investments
  • Chase Platinum Checking: $75,000 or more in this account and linked qualifying deposits/investments

Note that Chase counts the average beginning daily balance for these requirements.

Why Does Chase Charge a Monthly Fee

Chase, like most banks, are a business and need to earn profits to satisfy shareholders. More importantly, it also has to cover the costs of running its operations in order to provide banking services to customers.

As a major national bank with a large branch and ATM network, Chase does have to pay for the expenses to run these physical locations, including real estate, utilities, and employee salaries.

This plays a role in how Chase prices its products -- meaning monthly fees and other service fees.

Banks that don't charge monthly fees

There are many financial institutions throughout the country that don't charge monthly fees on their checking accounts. These often include online banks and smaller community banks.

The reasons that these banks are able to offer accounts (and usually with lower services fees and higher interest rates) is that they don't have to pay the huge expenses of operating a wide branch or ATM network.

The savings on operating costs is translated to a better checking account for potential customers.

Those that Offer Free Checking Accounts

If you feel that it is too difficult for you to avoid an account's monthly fee, it's a sign that the account is not the right fit for you.

Free checking accounts can be found more commonly through online banks. In fact, some of the top online banks offer checking accounts with no monthly fees, unlimited ATM fee refunds, and interest earnings on balances.

To see if there's a better checking account for you, our personalized quiz can help you find it.

Top Online Banks With the Highest Savings Accounts Rates and Free Interest Checking Accounts:

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Chase checking accounts

Chase — America’s largest bank — offers a wide range of accounts and services. Customers have access to one of the country’s largest branch networks and 16,000 ATMs nationwide.

The bank stands out for its highly rated mobile app and features that meet the needs of its digitally savvy clientele. In Bankrate’s latest review of its deposit products, Chase’s checking accounts received a higher score than the rest of its account offerings for consumers.

Chase checking accounts

In addition to its business accounts and private client banking, Chase offers several different consumer checking options.

Customers who open a Chase Total Checking account pay a lower monthly fee than account holders who opt for a Premier Plus or Sapphire checking account. The Premier Plus and Sapphire checking accounts offer more benefits, however.

Premier Plus account holders can use out-of-network ATMs four times per statement period without getting hit with a fee from the bank (although there could be a fee from the ATM owner or network). The account also provides an opportunity to earn interest. With a Sapphire checking account, you’ll earn interest, pay no fee for using a non-Chase ATM (unless the owner or network charges a fee) and have access to a 24/7 service line.

Chase also offers Secure Banking, a checkless account geared toward consumers outside of the traditional banking system who are interested in opening a regular account.

Account nameAPYMinimum depositMonthly fee
Chase Total CheckingNone$0$12
Chase Premier Plus Checking0.01%$0$25
Chase Sapphire Checking0.01%$0$25
Chase Secure BankingNone$0$4.95

Note: The APYs (Annual Percentage Yields) shown are as of Aug. 23, 2021. The APYs for some products may vary by region.

Besides its standard consumer checking accounts, Chase offers a high school checking option for ages 13 to 17 and a college checking option for students ages 17 to 24.

Chase checking account fees

Bank fees overall are on the rise. Most of Chase’s consumer checking accounts have monthly fees, but they’re fairly easy to waive. With the Total Checking account, for example, there’s a $12 monthly service fee that can be waived by having a $500 monthly direct deposit, a $1,500 balance at the beginning of each day or an average beginning daily balance of $5,000 in the checking account and linked qualifying deposit or investment accounts.

Monthly fees for both the Chase Premier Plus Checking and Chase Sapphire Checking accounts are $25. Charges for the former can be waived by having an average beginning day balance of $15,000 or by linking a qualifying Chase first mortgage (enrolled in automatic payments). The monthly fee is also waived for military members. For Chase Sapphire Checking, you can avoid a monthly fee by maintaining an average beginning day balance of $75,000 or more in the account or in combination with eligible linked accounts.

The ATM fee for using a non-Chase ATM in the United States is $2.50 per transaction. For international withdrawals, the fee is $5 and for international transfers or inquiries, the ATM fee is $2.50. Sapphire Checking customers pay no ATM fees for using non-Chase Bank ATMs. Premier Plus Checking customers get four ATM fees waived per month.

The overdraft fee at Chase is $34 per item. At most, customers can get hit with three overdraft fees per day. Chase’s Secure Banking account charges no overdraft fees. The only fee account holders are responsible for paying is a monthly fee of $4.95.

Other fees may apply in certain cases for other accounts. The fee for sending wire transfers domestically, for instance, is $35 a pop. The cost for incoming wire transfers is $15 per transfer (or $0 if the transfer was sent online, through the Chase mobile app or with the help of a Chase banker).

Chase checking account promotions and bonuses

Chase is one of multiple banks consistently offering free cash to new deposit account holders. The bank currently offers a couple of checking account bonuses for new customers who open a Chase Total Checking account or a Premier Plus Checking account.

It’s possible to qualify for a bonus by opening an account online or in a branch. You’ll need the coupon emailed to you from the bank’s website and you’ll need to either set up direct deposit (for the Total Checking account) or have a direct deposit made within 90 days when opening the Chase Premier Plus Checking account. The bonus should arrive within 10 business days of meeting the qualifications.

You’re not eligible for a bonus if you’ve had a Chase checking account within the past 90 days or had an account closed with a negative balance. The bank limits customers to one bonus per account and states that you can only earn a bonus for opening a new account every two years from the date you signed up.

Alternatives to Chase checking accounts

Consumers questioning whether Chase is the right bank for them have many options. There are other big banks offering similar accounts.

If you’re looking to earn a higher yield as a checking account customer and you don’t mind having limited or no access to branches, you’re better off going with an online or challenger bank. For some of the best interest checking accounts, it’s possible to earn more than 1 percent APY.

A credit union could also be worth considering if you meet membership requirements. A few credit unions made the cut on Bankrate’s list of the best banks for checking accounts.

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U.S. Bank vs. Chase: Free Checking Account Offers

As you explore banks where you may want to set up a checking account, you'll encounter an enticing offer: a free checking account. But the truth is that not every so-called "free" checking account is truly free. Fortunately, there are still top banks out there that offer actual free checking accounts where you can stash your hard-earned cash.

U.S. Bank vs. Chase Free Checking Accounts

Two of the largest banks that offer free checking accounts are Chase Bank and U.S. Bank. However, be aware that the U.S. Bank free checking accounts and checking accounts at Chase usually just exclude maintenance fees. You may also need to meet certain conditions for these maintenance fees to be excluded. Outside of maintenance fees, other fees can apply as well, so it's a good idea to read the fee schedule of all of these accounts carefully. The two banks come with unique account offerings and fees.

U.S. Bank Free Checking Account

U.S. Bank offers a free Student Checking account with no monthly maintenance fees or minimum balance requirements. The U.S. bank free checking account also requires a fairly low minimum opening deposit of $25. For account holders, all ATM transactions made through U.S. Bank ATMs (and the first four uses of external bank ATMs per statement period) are also free of charge.

However, the U.S. Bank free checking account does not accrue interest on any money deposited. And while you may never incur them, you should know that the free checking account comes with a few fees. For example, the bank charges for paper statements, overdraft protection, and returned deposits or cashed checks.

In addition to the free checking account, U.S. Bank offers three fee-waivable checking accounts—that is, the monthly fee can be waived if you meet certain requirements. These accounts include the Easy Checking, Gold Checking, and Platinum Checking accounts. Depending on the account, you may need to meet a certain average daily account balance, make a certain minimum monthly deposit amount, be of a certain age, or have other accounts with the bank to waive the maintenance fee of $6.95, $14.95, and $24.95 for the three accounts, respectively. Unlike the other checking accounts, the Platinum Checking account accrues interest on your balance. This may make it more attractive to account holders who want to grow their deposits.

U.S. Bank offers a debit card and free internet banking with bill pay for all of its free and fee-waivable checking accounts. Additionally, the bank employs a mobile banking system that is compatible with many web-based mobile devices so that you can check your account on the go or deposit checks for free. U.S. Bank archives all checks electronically and provides either details about or images of canceled checks in your statements, depending on your account.

Chase Bank Checking Account Features

When it comes to free checking accounts, Chase Bank does not have a completely free account like the U.S. Bank free checking account. However, it does have a few fee-waivable checking account options to choose from. These include the Chase Total Checking, Chase Premier Plus Checking, and Chase Sapphire Checking accounts. If you make a certain deposit amount into your account or hold the required beginning daily balance or minimum average beginning daily balance in your account, the bank will waive the monthly service fee from Chase so that you can, in effect, use the account for free.

Of the three accounts, the Chase Total Checking account has the most lenient requirements for waiving the service fee. It requires $500 in direct deposits, a $1,500 beginning day balance, or an average beginning day balance of $5,000 to waive the $12 monthly service fee from Chase. It requires a $25 minimum opening deposit. The other two accounts require higher daily balance requirements to waive a $25 monthly fee. But unlike the Chase Total Checking account, these accounts accrue interest.

Aside from maintenance fees, the Chase Total Checking account charges for using ATMs belonging to other banks. However, external ATM use is free for the first four monthly uses if you have the Chase Premier Plus Checking account, and is always free if you have the Chase Sapphire Checking account. Other common checking account fees include overdraft protection fees and debit card protection coverage fees.

All of the Chase checking accounts provide free online bill payment and access to a mobile banking service for your cell phone or other mobile devices. In addition, you can view canceled checks on your online statements. Chase also offers free ATM transactions at Chase Bank ATM locations. You should also expect zero liability protection on their ATM/debit cards in addition to the standard protection offered by VISA check cards. If your card is used in an unauthorized manner, Chase Bank will refund your money to your account.

Comparing Free Checking Offerings from U.S. Bank and Chase Bank

When you compare the free checking account offerings of U.S. Bank and Chase Bank, it's clear that only U.S. Bank offers an actual free checking account with no maintenance fees. While Chase Bank offers a variety of fee-waivable checking accounts, the monthly service fee on checking accounts at Chase can only be waived by meeting certain requirements. This means that someone who doesn't want to fuss with these requirements may find it easier to open a U.S. Bank free checking account. But depending on your financial situation, you may be able to meet the requirements of waiving the fee for a U.S. Bank fee-waivable account or a checking account at Chase without much difficulty.

It's also important to remember that cost isn't the only factor to consider when opening a checking account. You should also compare the different checking account options offered at the same bank and the convenience features or financial incentives they provide.

Like most banks nowadays, U.S. Bank and Chase Bank both offer comparison tools and charts on their websites to help you choose the right account for your needs and budget. So read the fine print, compare accounts, and choose an account based on your actual banking needs.


While Chase is a big bank, it doesn’t offer big interest rates for savings account holders. In fact, it offers some of the lowest-earning interest rates in the industry. To snag Chase’s highest rates, you’ll need to open a long-term CD or link two accounts together to earn relationship rates. You may also need to have the highest account balance to earn at a better rate, as Chase structures its APYs to reward those with larger accounts.

The Sapphire Checking account is perhaps the most unique offering at Chase. It features a solid checking account that earns interest, waives all ATM fees, has no wire transfer fees and also provides access to an Invest by J.P. Morgan investment account. In addition, the bank offers Sapphire Checking account holders specials on tickets to concerts and sports games, as well as access to banking, mortgage and small business specialists.

If you’re looking for high-yield savings accounts, Chase likely isn’t the bank for you, as it does not offer competitive interest rates. However, the bank does offer a ton of account perks and features that make banking in the modern world much easier. These include an easily navigable website and mobile app where you can pay bills, make quick transfers and deposit checks.

Financial advisors are known for their knowledge of investing, retirement planning, tax planning and more. However, many of the advisors in today's landscape can also help with banking, as your bank account choices often have a significant impact on your short- and long-term financial plans. If you're unsure of whether Chase or any other bank is the right choice for you, consider consulting with a financial advisor in your area.

ProductKey Details
Saving Accounts
  • Two account options: Chase Savings and Chase Premier Savings
  • Low-earning interest rates 
  • Monthly maintenance fees that are waivable
Certificates of Deposit
  • Term lengths from one month to 120 months
  • No monthly maintenance fee
  • Minimum deposit of at least $1,000
  • Relationship rate boost opportunity
Checking Accounts
  • Four account options, including Student Checking accounts
  • Two interest-earning accounts 
  • Monthly maintenance fees (waivable)

Chase Bank Interest Rate Comparison

Chase Bank Overview

Chase doesn’t just offer bank accounts and credit cards. In fact, you can also get business loans, mortgages, investment advice and more with the institution. Plus, it’s easy to take advantage of the many offerings with the thousands of branches and online access. Chase also provides 24/7 customer service for late-night account management questions or concerns.

Save more with these rates that beat the National Average

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Chase Bank Savings Overview

All Chase savings accounts come with a few different perks. For starters, you have easy and convenient access to online and mobile banking, where you can manage your money. You can even deposit checks from your smartphone app. You also have the ability to setup the automatic savings program which makes a recurring deposit into your savings account from your checking account, making saving easier. Your checking account habits will also be kept in check with overdraft services by linking your savings and checking accounts together.

Chase Bank Savings Account: Chase Savings and Chase Premier Savings

Key FeaturesDetails
Minimum Deposit
  • Chase Savings: $25
  • Chase Premier Savings: $100
Access to Your Savings AccountOnline, mobile and physical branches
SecurityFDIC insurance up to the legal limit
  • Chase Savings: $5 monthly fee, waivable with one of the following:
    • A minimum daily balance of at least $300 
    • At least $25 of Autosave or repeating automatic transfers from your personal Chase checking account or Chase Liquid® Card
    • An account owner younger than 18 years old
    • A Chase College Checking account is linked for overdraft protection
    • Linked to a Chase Better Banking® Checking account, Chase Premier Checking account, Chase Premier Plus Checking account, Chase Sapphire Checking account or Chase Private Client Checking account
  • Chase Premier Savings: $25 monthly fee, waivable with one of the following:
    • A minimum daily balance of at least $15,000
    • Linked to a Chase Premier Plus Checking account or Chase Sapphire Checking account
Current Terms and Rates
  • Chase Savings: 0.01% APY 
  • Chase Premier Savings
    • Standard Rate: 0.01% APY
    • Relationship Rates:
      • Balance of $0 - $49,999: 0.02% APY
      • Balance of $50,000 - $99,999: 0.03% APY
      • Balance of $100,000 - $249,999: 0.04% APY
      • Balance of $250,000 and up: 0.05% APY

Chase Bank offers two basic savings accounts, the Chase Savings and Chase Premier Savings accounts. The Chase Savings account is the more standard of the two, without any extra perks. It also earns at the lowest APY no matter your account balance. There is a low monthly fee to hold the account. However, you can easily waive that fee by either maintaining a minimum daily balance of $300, having at least $25 in repeating automatic transfers or Autosave, having an account owner younger than 18 years old or linking the account to a Chase Better Banking® Checking account, Chase Premier Checking account, Chase Premier Plus Checking account, Chase Sapphire Checking account or Chase Private Client Checking account.

The Chase Premier Savings account offers opportunities to earn at higher rates. First, you can earn “relationship rates” by linking your savings account to either a Chase Premier Plus Checking account or Chase Sapphire Checking account. Whichever account you link must have at least five customer-initiated transactions per statement period. Then once you’ve linked an account, a higher account balance can get you higher interest rates.

The Premier Savings account does come with a higher, $25 monthly fee which you can waive in a couple of different ways. First, the fee will be waived if you maintain a minimum daily balance of at least $15,000. Second, it will also be waived if you link to a Chase Premier Plus Checking or Chase Sapphire Checking account.

Both accounts are limited to six outgoing transactions per statement cycle per federal law. However, this doesn’t apply to transactions you make at a branch or at an ATM. Each transaction you make over that limit will incur a $5 fee. You can waive this fee when you have a balance of at least $15,000 in a Chase Premier Savings account when you make the transaction. If you go over the limit too often, Chase may convert your account to a Chase Total Checking account.

Compare Chase Bank to Other Competitive Offers

Chase Bank Certificates of Deposit (CDs) 

Key FeaturesDetails
Minimum Deposit$1,000
Access to Your CDOnline, mobile and physical branches
SecurityFDIC insurance up to the legal limit
Relationship Terms and Rates
  • 1-month: 0.02% APY on all balance tiers
  • 2-month: 0.02% APY on all balance tiers
  • 3-month: 0.02% APY on all balance tiers
  • 6-month
    • $0 - $9,999.99: 0.02% APY
    • $10,000 and up: 0.05% APY
  • 9-month
    • $0 - $9,999.99: 0.02% APY
    • $10,000 and up: 0.05% APY
  • 12-month
    • $0 - $99,999.99: 0.02% APY
    • $100,000 and up: 0.05% APY
  • 15-month
    • $0 - $9,999.99: 0.02% APY
    • $10,000 and up: 0.05% APY
  • 18-month
    • $0 - $9,999.99: 0.02% APY
    • $10,000 and up: 0.05% APY
  • 21-month
    • $0 - $9,999.99: 0.02% APY
    • $10,000 and up: 0.05% APY
  • 24-month
    • $0 - $9,999.99: 0.02% APY
    • $10,000 and up: 0.05% APY
  • 30-month
    • $0 - $9,999.99: 0.02% APY
    • $10,000 and up: 0.05% APY
  • 36-month
    • $0 - $9,999.99: 0.02% APY
    • $10,000 and up: 0.05% APY
  • 42-month
    • $0 - $9,999.99: 0.02% APY
    • $10,000 and up: 0.05% APY
  • 48-month
    • $0 - $9,999.99: 0.02% APY
    • $10,000 and up: 0.05% APY
  • 60-month
    • $0 - $9,999.99: 0.02% APY
    • $10,000 and up: 0.05% APY
  • 84-month
    • $0 - $9,999.99: 0.02% APY
    • $10,000 and up: 0.05% APY
  • 120-month
    • $0 - $9,999.99: 0.02% APY
    • $10,000 and up: 0.05% APY

Chase CDs come in a variety of term lengths from 1 month to 120 months. This allows you to save with Chase for both the long term and the short term, whichever fits your financial situation. Regardless of the term length you choose, your funds are guaranteed to grow at the same rate.

You stand to benefit more when you link your Chase CD to a Chase personal checking account. Without this account relationship, your CD will earn at standard rates at all balance tiers. However, when you link a checking account, you can earn at higher relationship rates. Relationship rates also unlock different balance tiers. So the higher your account balance, the higher the rate.

If you would like to open a CD with an initial deposit greater than $100,000, you will need to visit a Chase branch.

Chase Bank Checking Accounts: Chase Total Checking, Chase Premier Plus Checking and Chase Sapphire Checking

Key FeaturesDetails
Minimum Deposit
  • Chase Total Checking: $0
  • Chase Premier Plus Checking: $0
  • Chase Sapphire Checking: $0
Access to Your AccountOnline, mobile and physical branches
SecurityFDIC insurance up to the legal limit
  • Chase Total Checking®: $12 monthly fee, waivable with one of the following:
    • Direct deposits totaling at least $500 each statement period
    • Minimum daily balance of at least $1,500
    • Average daily balance of at least $5,000 between this account and linked qualifying deposits/investments
  • Chase Premier Plus Checking: $25 monthly fee, waivable with one of the following:
    • Average daily balance of at least $15,000 between this account and linked qualifying deposits/investments 
    • Link a qualifying Chase first mortgage enrolled in automatic payments from your Chase account
  • Chase Sapphire Checking: $25 monthly fee, waivable with the following:
    • Average beginning daily balance of at least $75,000, in conjunction with the balances of any linked qualifying deposits/investments
Current Terms and Rates
  • Chase Premier Plus Checking: 0.01% APY
  • Chase Sapphire Checking: 0.01% APY

Chase offers a few different checking accounts, each one adding various features to the basic Chase checking account perks. These given perks include a Chase debit card enabled with chip technology, thousands of ATMs, thousands of branches, Chase DepositFriendly ATMs and online and mobile banking.

The Chase Total Checking® account is your everyday checking account. This allows you to simply deposit money into the account and access it later online or with your debit card or mobile phone. There is no minimum deposit requirement, as well as a $12 monthly fee. However, you can waive the monthly fee with direct deposits of at least $500 each statement cycle, a minimum daily balance of at least $1,500 or an average daily balance of at least $5,000 between this account and linked qualifying deposits/investments.

The Chase Premier Plus Checking account comes with all the features of a Total Checking® account, and then some. For starters, your account balance can earn interest no matter its size. You also gain free access to Chase checks, your first four non-Chase ATM transactions, a 3x5 inch safety deposit box, money orders, cashier’s checks and counter checks. To gain further perks, you can link this account with another Chase deposits account. Then you can waive the $25 monthly service fee on up to two additional personal Chase checking accounts (except Chase Sapphire Checking and Chase Private Client Checking), the monthly service fee on Chase personal savings accounts (except Chase Private Client Savings) and the monthly service fee on the Chase Liquid Card.

The Chase Sapphire Checking account also earns interest on your balance. You will need a much higher $75,000 average daily balance to waive the account's $25 monthly fee, making this a better choice for people with more funds. Having a Sapphire Checking account gives you access to the perks of the previous two accounts, including the waiving of all ATM fees regardless of where in the world you incur them. You also get to dodge the fees for debit card replacements, insufficient funds and returned items, extended overdrafts, deposited item returns or cashed check returns, stop payments, incoming wire transfers, statement copies, counter checks, money orders and cashier’s checks.

The Chase Sapphire Checking account also gives you access to a free Invest by J.P. Morgan brokerage account. There's no minimum needed to open the account, and all online stock and exchange-traded fund (ETF) trades are completely commission-free. There are also other types of investment available, including fixed-income securities, mutual funds and more. If you're new to investing, consider speaking with a financial advisor before you choose your investments.

Chase Bank Student Checking Accounts: Chase High School Checking and Chase College Checking Accounts

Key FeaturesDetails 
Minimum Deposit$0 for both accounts
Access to Your Checking AccountOnline, mobile and physical branches
SecurityFDIC insurance up to the legal limit
  • Chase High School Checking: None
  • Chase College Checking: $6 monthly fee, waivable with one of the following:
    • For five years while in college 
    • At least one direct deposit into the account each statement cycle
    • Average daily balance of at least $5,000

The final two checking accounts are tailored for high school students and college students, respectively. The Chase High School Checking account is made for students 13 to 17 years old to co-own with a parent or guardian. The adult must already have a qualifying Chase checking account of their own. When the student turns 19, the account will convert to a Chase Total Checking® account.

The Chase College Checking account is for college students 17 to 24 years old with proof of student status.

Neither of these accounts include anything out of the ordinary. Rather, they’re meant to help students manage their money in a more accessible way. Like the previous three checking accounts, the student accounts include a debit card with chip technology, access to thousands of branches, normal ATMs and Chase DepositFriendly ATMs. You will need to contact a banker directly to open a student checking account.

Where Can I Find Chase Bank?

You can find the bank online at its website, on your mobile device, at one of its 16,000 ATMs or at one of its over 4,700 physical branches worldwide. To find the closest physical location, you can use the location finder on the website by clicking “ATM & branch” and entering your location. The bank's physical locations are limited to 26 states, however, seen in the map above.

What Can You Do Online With Chase Bank?

You can do just about anything you need to do banking-wise online with Chase Bank. You can learn about its many account offerings, open accounts, manage your accounts and more. Even non-customers can access Chase’s financial tools.

Once you have an account, or accounts, you’ll be able to sign in and manage those accounts online. If you do have multiple accounts, you can manage them all with one login.

How Do I Access My Money?

You can easily access your money online, on the mobile app, at a branch or at an ATM. Online, you have access to a thorough dashboard, which is shown here. There, you can make transfers, transactions and simply check on your balances. You can do the same on mobile. Plus, you can deposit checks with your camera on your smartphone.

To make transfers, whether sending or requesting money, you use Chase QuickPay® with Zelle. This is a safe and secure money transfer service. You can even send and receive money from people with non-Chase bank accounts.

How Can I Save More Money With a Chase Bank Account?

You can save more money with a long-term CD account. These accounts, with the relationship rate boost, earn at the highest interest rates of the bank’s savings options. Other than that, however, the bank’s rates don’t really compete with other institutions’ rates.

You can potentially save on monthly fees though. Most accounts do come with a monthly maintenance fee. However, each fee can be waived in a number of ways depending on the specific account.

What’s the Process for Opening an Account With Chase Bank?

For starters, you will have to enter your zip code on the bank’s website to find the most accurate list of accounts available to you. To open any of the above banking accounts, you can simply click an “Open Account” button for the account of your choice. As shown here, you’ll then have to provide personal information that includes your Social Security number, driver’s license or state-issued ID, address and phone number. You will also have to make your opening deposit at the time with a debit or check card or funds from an existing checking or savings account (whether with Chase or not).

What’s the Catch? 

The catch of banking with Chase is that although you gain access to a number of different perks, your money does not grow at the highest rates available. In fact, the bank offers some of the lowest rates, especially for its basic savings accounts. If you’re looking for a savings account that can grow your money in no time, this isn’t the bank for you.

Bottom Line

Chase is a well-known name in the financial industry. This allows the bank to offer a wide variety of products from certificates of deposit to mortgages. However, when it comes to banking, you can find better offers elsewhere. If you’d like to keep your accounts linked and with one institution, however, Chase may be a good fit for you.


Checking minimum chase

6 Things Know Before Starting a Chase College Checking Account

Whether you’re just starting college or have been hitting the books for a few years, if you don’t have a checking account, it’s a good idea to set one up. Checking accounts make it easy to handle your personal finances, including check deposits, bill payments and making online purchases. It’s also safer to carry around a debit card instead of cash — if the former gets stolen, you can immediately shut down the card to prevent further losses.

Having a checking account also makes it easier to track your spending since you can view your account balance and all of your transactions and debit card purchases online or on your monthly statement. If you decide you’d still like some cash in your pocket, it’s easy to withdraw money from your account at any time with an ATM machine or by getting cash back during purchases.

Since college students often have very different financial habits and concerns than adults who have entered the workforce, many banks offer checking accounts designed for college students. The Chase College Checking account is just one example. In this article, we cover six things you need to know if you’re considering opening a student checking account through Chase bank.

Eligibility Requirements for Chase College Checking Accounts

Chase College Checking is for college students who are 17 to 24 years old. (Note that if you are still in high school, you can instead opt for a Chase High School Checking account, which you can convert to a college checking account once you matriculate.)

The basic eligibility requirements for a Chase College Checking account are as follows:

  • Account opening online requires your Social Security number, a driver’s license or state-issued ID, and your contact information. 
  • To open a new account at a Chase branch location, you will need to bring two forms of ID, such as a Social Security card, taxpayer identification number (TIN), driver’s license with photo or a student ID with photo. 
  • You’ll also need proof of your college/university student status and expected graduation date. Something like a transcript or an acceptance letter works.
  • If you are not a U.S. student, you can still open a Chase College Checking account in any Chase branch as long as you have a passport with photo and the Student INS I-20 or ICE I-20 form or DS-2019 form. Non-U.S. students still need to supply a residential address (U.S. or foreign) and proof of student status. 

If you’re unsure whether the documents you have can be used as proof of identification or student status, contact your local Chase branch and ask for clarification. There are no credit score requirements. When you open your account, you will be given an account number information, a visa debit card and a pin number.

Pros and Cons of Chase College Checking Accounts

Like all banking options, there are pros and cons that may make more or less of a difference depending on your situation, needs and so on. For example, you’ll want to consider if there are any monthly fees, overdraft fees and ATM fees that might apply when using a non-Chase ATM, minimum deposit requirements and more. 

The following outlines some specific pros and cons of a new Chase College Checking account, which you can use to compare Chase’s offering with other banks. 

Pros of Chase College Checking

Aside from being a checking account designed with college students in mind, Chase College Checking includes the following additional benefits and perks:

  • Chase bank branch offices are easy to find. There are more than 4,700 branches nationwide and a Chase bank ATM network that is 16,000 machines strong. 
  • The monthly service fee for Chase College Checking accounts is $0 for up to five years if you are a student between the ages of 17 and 24.
  • Chase offers online and mobile banking, including the ability to deposit checks via the Chase mobile app, which means you can bank from just about anywhere.
  • You can open a linked Chase savings account for free and use it to save money and as overdraft protection.
  • Customer service is available 24 hours a day, seven days a week, not just during business hours or on business days. This makes it easy to get help with your account on your schedule. 
  • Opening a Chase College Checking account helps you establish a banking history with Chase bank. This can come in handy down the road when you apply for loans or want to apply for a Chase credit card.
  • Other services offered with a Chase College Checking account include free online bill pay and text banking. 

Cons of Chase College Checking

Because there are two sides to every coin, there are some negatives to consider when considering a Chase College Checking account, including the following:

  • Although Chase bank has thousands of branch offices located around the country, it isn’t located in every state. Chase bank has branch offices in Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Kentucky, Louisiana, Massachusetts, Michigan, Nevada, New Jersey, New York, Ohio, Oklahoma, Oregon, Texas, Utah, Washington, West Virginia and Wisconsin.
  • If you want a checkbook to make check payments, this comes with an additional fee.
  • Chase College Checking accounts don’t pay interest. 
  • If you use a non-Chase ATM, you will be charged ATM fees, and Chase bank doesn’t offer ATM fee reimbursement like some banks do. 

Chase College Checking Service Fees

In banking, service fees or account fees are fees charged to your bank account to cover services offered by the bank. For example, you might be charged a service fee for using an ATM, transferring money or setting up an account. Some banks also charge monthly service fees, sometimes called maintenance fees, that might be waived if certain conditions are met.

While Chase College Checking charges no fees on a monthly basis for up to five years while you’re in school, after graduation, your account will convert to a Chase Total Checking account, and a monthly maintenance fee of $6 applies. However, this fee can be waived for each month that the following conditions are met:

  • You make at least one direct deposit during the month.
  • Your average daily balance is at least $5,000.

While there are no monthly service fees while you’re in college, you might be charged fees at non-Chase ATMs, or for money orders or cashier’s checks. You will also be charged an Insufficient Funds Fee of $34 each time you overdraw your account, unless you set up overdraft protection with a linked Chase Savings account.

Chase College Checking Minimum Balances

Some banks require that you maintain a minimum balance in your checking account to keep the account and avoid additional fees. There are many reasons a bank might require a minimum balance. 

For example, requiring minimum balances on accounts ensures the bank has a certain amount of cash at its disposal, which allows it to fund withdrawals, lend money and meet certain financial regulations. The bank may also invest this money to add to its profit margin. When minimum balances are not maintained, banks can also profit from the fees charged. 

The good news about Chase College Checking accounts are that they have no minimum balance requirements. This makes them perfect for students who may have limited financial resources while attending school.  

Chase College Checking Signup Bonuses

New customers who open a Chase College Checking account may qualify for a $100 signup bonus. That’s free money you don’t have to pay back. There are some stipulations, however. 

To qualify for the bonus, you must complete 10 qualifying transactions within 60 days of account opening. Qualifying transactions include the following:

  • Chase debit card purchases
  • Online bill payment
  • Paying with a check
  • Using Chase QuickDeposit to make a deposit
  • Using the Zelle app to send or transfer money
  • Paying with ACH credits

This offer is only good until 7/14/2021, so if you’re reading this after that date, check the Chase College Checking website to see if any new offers are available.

Is Chase College Checking Right for You?

Only you can decide if you’d like to become a Chase customer. You may want to take some time comparing different college checking accounts before making a final decision, but many college students choose Chase College Checking because Chase is a well-known and trusted banking institution, their accounts have no monthly fees or minimum balance requirements, and they are convenient and easy to use. Is Here to Help Students With Financial Information offers many resources for students regarding financial topics, student loans, financing and more. Check out the saving for college page for information on organizing and optimizing your finances before you get to college and the financial aid page to learn about how to pay for college expenses.

$225 Chase Total Checking Account Bonus for 1 Direct Deposit! NATIONWIDE OFFER!

Chase Total Checking Bonus: $225 Cash Promo for New Accounts

Chase Total Checking® is the bank’s beginner checking account that offers basic value without the special perks of premium accounts. However, new account holders can earn a $225 checking bonus when they open a new Chase Total Checking account and set up direct deposit. Additionally, this Chase checking account features a monthly maintenance fee that is easy to get waived.

If you’re looking for a new Chase checking account for your everyday banking needs, here’s everything you need to know about Chase Total Checking.

Offer Details

Secure application on issuer’s website.

Bonus: $225 for New Accounts
Monthly Fees: $12 monthly service fee with options to waive
Minimum Opening Balance: None
In-branch customer service in any of Chase’s nationwide locations
Monitor your account and identity with account alerts
Access to your free credit score
Access to 16,000 ATMs and more than 4,700 branches
Zero liability protection
FDIC insured

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Chase Total Checking: Benefits and Features

Big banks tend to charge a lot of fees, so any chance you can get to save money is a good one. The Chase Total Checking account does have a $12 monthly fee, but that fee can be waived in several ways. Plus, Chase Total Checking allows access to time-saving features like:

  • Account management through the Chase Mobile App
  • A network of 16,000 ATMs and nearly 4,700 branch locations
  • Chase QuickDeposit
  • Online bill pay
  • Chase QuickPay with Zelle
  • Paperless statements
Monthly Service Fee$12
Minimum Daily Balance to Waive Monthly Fee$1,500
Average Percentage Yield (APY)N/A

How to Waive the $12 Monthly Fee

While the minimum opening deposit balance is $0, most people want to know the minimum daily balance to waive the monthly fee. This Chase account comes with a $12 monthly service fee. However, you can get that fee waived in one of three ways:

  • Have direct deposits totaling $500 or more in new money each monthly statement period
  • Have a daily balance of at least $1,500 at the beginning of each day
  • Have an average beginning day balance of $5,000 or more in any combination of linked qualifying Chase checking, savings and other accounts

Qualifying personal balances include Chase First Checking℠ accounts, personal Chase savings accounts (excluding Chase Premier Savings℠ and Chase Private Client Savings℠), CDs, certain Chase Retirement CDs and certain Chase Retirement Money Market Accounts.

Convenient Locations

When you bank with one of the largest banks in the U.S., you get quick access to your cash from just about any location nationwide, as well as in-person service from one of its brick-and-mortar branches. Banking with Chase means you have access to 16,000 ATMs and over 4,700 branches.

Mobile Banking

While Chase is generally considered a brick-and-mortar bank, it does have highly-rated apps for both iOS and Android users. You can use the Chase mobile app to manage your accounts, deposit checks remotely, find branches and ATMs and transfer money.


With any Chase checking account, including Chase Total Checking, customers can use the third-party payment service Zelle to request money and send payments to virtually anyone with a U.S. bank account, email address or phone number.

Chip and Cardless Technology

In addition to being able to use a debit card for purchases, Chase Total Checking customers can add the Chase debit card to their digital wallets for cardless transactions.

Chase Total Checking Bonus: $225

The main reason to consider getting a new Chase Total Checking account is its $225 welcome bonus. Bank account bonuses aren’t exactly rare, but some of them require you to jump through a lot of hoops.

For example, you may be required to make a certain number of debit card purchases, set up and use the bill pay feature or deposit a significant amount of money and keep it there for a few months. With the Chase Total Checking bonus, however, all you have to do is open an account and set up direct deposit to have your paycheck, pension or government-issued benefits deposited into your account to earn the $225 bonus.

The Chase Total Checking bonus promotion ends on January 19, 2022, but don’t worry if you miss out on this run. The bank has done several versions of the deal in the past — including one with a $300 bonus — and will likely continue to offer them in the future.

Just make sure to request a coupon by email or apply through the welcome bonus landing page to have the promotion added to your account.

Increase Your Chase Total Checking Bonus With a Chase Credit Card Bonus

If you’re a credit card enthusiast, Chase offers some of the best credit cards across all categories. Its Chase® Freedom Flex℠ and Chase Freedom Unlimited® are tough-to-beat cash-back credit cards, and the Chase Sapphire Preferred® and Chase Sapphire Reserve® are top-of-class travel credit cards. The bank also offers several co-branded credit cards with partners that include Marriott, Hyatt, IHG, Southwest Airlines and United Airlines.

Currently, both the Chase Freedom Flex and the Chase Freedom Unlimited Card are offering $200 bonuses for new cardholders who spend $500 during the first three months of account opening. This bonus spending threshold fits easily into most household budgets, making it fairly simple to earn. Thus, pairing your $225 Chase Total Checking bonus with a second $200 Chase credit card bonus brings your earnings to $425 in promotional cash.

Chase Refer-a-Friend: Up to a $500 Referral Bonus

Once you’ve opened a new Chase checking account online or in-branch at a brick-and-mortar branch, you are eligible to participate in Chase’s Refer-a-Friend program. Earn $50 when a friend opens a qualifying Chase bank account, up to $500 each calendar year.

  • Invite your friends to bank with Chase. Start by entering your information into this form above and Chase provides a link to share.
  • Earn a $50 cash bonus for each friend who opens a qualifying checking or savings account with the link you send them (up to 10 referral bonuses per calendar year).
  • Your friend gets rewarded too when they open an eligible Chase bank account and complete qualifying activities.

How to Apply for a Chase Total Checking Account

If you’ve decided to apply for a new Chase Total Checking account online or at a local branch, make sure to apply through the $225 bonus promotional page or get a coupon code before you start the process.

You can apply for an account online. If you’re an existing Chase customer, you can log in to your online account, and the bank will pre-fill a lot of the application for you based on the information it already has about you.

If not, you’ll need to provide the following details:

  • Full name
  • Address
  • Date of birth
  • Social Security number
  • Citizenship status
  • Driver’s license or state ID
  • Email address and phone number


Once your application has been approved, you’ll need to fund your account. If you’re opening it at a physical branch, you can use a personal check linked to another checking account or cash. If you’re processing the account online, you can link a debit card or checking account number to do a bank transfer, or you can use a non-Chase credit card to fund up to $500.

Note, however, that because of the nature of the transaction, using a credit card could be considered a cash advance by your card’s issuer. Cash advances come with fees and also start accruing interest immediately — often at a higher rate than the card’s regular purchase APR — so it’s best to avoid this option if possible.

Also, make sure to set up direct deposit on your new account so you can earn the $225 bonus. You’ll get the money within 10 business days of your first direct deposit posting to your account.

Is Chase Total Checking Worth the $12 Monthly Fee?

chase logo over stock image

A Chase Total Checking account isn’t right for everyone. Therefore, it’s essential to consider both the advantages and disadvantages of getting one. For example, the bank makes it relatively easy to get the monthly service fee waived. But if your financial situation makes it hard to skip the fee every month, you may want to look for a checking account that’s truly free.

Also, it isn’t an interest-bearing account. While this isn’t uncommon for checking accounts, there are several credit unions and online banks that offer interest-bearing checking accounts. You can get a Chase Savings account, which offers interest, but the annual percentage yield (APY) is a measly 0.01% — you can find rates upwards of 1% with several other banks and credit unions.

As an example, Axos Rewards Checking is an online-only checking account that offers customers a 1.25% APY. However with Axos Bank, you won’t have access to in-branch customer service, and the online bank generally does not offer checking bonus for new customers.

Chase Total Checking Fees

Monthly Maintenance$12
Non-Chase ATM Transaction$2.50
International ATM Withdrawal$5
International Exchange Fee3%
Overdraft/Insufficient Funds$34
Extended Overdraft$15
Deposited Item Returned$12
Incoming Wire Transfer$15
Outgoing Domestic Wire$35
Outgoing International Wire$50

To waive the monthly fee, you can either keep a daily minimum of $1,500 in the account or receive $500 in direct deposits to the account. You can also avoid paying the fee with a combined daily average of $5,000 across all your Chase accounts. If you want to find lower checking account fees in general, you may want to examine online-only checking, but remember that online banks do not provide the in-person services that come with accounts like Chase Total Checking.

Chase Daily Spending Limits

The withdrawal limits set by Chase Bank are the same for all checking account tiers, with the single exception of Chase High School Checking. The ATM limit is average compared to limits at other banks, but you can withdraw up to $3,000 from Chase’s new eATMs, which are accessible in-branch during bank hours. Chase’s debit purchase limit is somewhat lower than the average; more banks allow daily charges up to $5,000.

Daily ATM Withdrawal Limit $500
Daily In-Branch eATM Limit$3,000
Daily Debit Card Purchase Limit $3,000

Chase Total Checking Versus Chase Premier Plus Checking℠

Chase Premier Plus Checking is best suited for people who like the idea of having multiple accounts with one bank and have the money or the mortgage relationship to be able to waive the account’s $25 monthly service fee.

While the Chase Premier Plus Checking account offers features and benefits that aren’t available with Chase Total Checking, it does charge higher monthly service fee and also requires a higher minimum daily balance in order to waive its monthly service fee.

Maximize Chase Total Checking With Chase Savings℠

If you’re not a Chase customer at all, now may be a good time to go all-in and apply for a Chase Savings℠ account along with your new Chase Total account because both accounts complement one another.

Chase Savings

The Chase Savings account is the bank’s basic and most popular savings account. If you have the cash reserves to waive the low $5 monthly fee, Chase Savings is a nice little savings account.

If you’re considering a savings account for the long haul, the Chase Savings account may ideal. Its APY is low — with $10,000 and a 0.01% APY, you’re looking at $1 in interest ever year. In contrast, many online banks offer high-yield savings accounts with APYs reaching up to 0.80% or higher. At that rate, your annual interest earnings would be $80. However, If you’re not too worried about maximizing your long-term interest income, Chase Savings can be well worth it.

Just like with the Chase Total Checking account, one thing to consider before you apply for a Chase Savings account is its monthly service fee, which is $5. There are a few actions to get that fee waived including:

  • Have a daily balance of at least $300 at the beginning of each day.
  • Set up Autosave or other recurring automatic transfers of $25 or more each month from your personal Chase checking account.
  • Have a Chase College Checking account linked to this account for overdraft protection.
  • Be under 18 years old as the account owner.
  • Link your Chase Checking account to a Chase Better Banking Checking, Chase Premier Checking, Chase Premier Plus Checking, Chase Sapphire Checking or Chase Private Client Checking account.

Why Chase?

chase logo over stock image

Owned by JPMorgan, Chase is a nationwide bank. As an account holder, you’ll have access to 16,000 ATMs and over 4,700 branches around the country. The only states and territories the bank doesn’t have a presence in include Alaska, Hawaii and Puerto Rico.

Chase also offers a wide range of other financial products and services, including loans, credit cards and investments, as well as business and private client options. If you’re looking for a one-stop-shop for all your financial needs, Chase is a good option to consider.

Also, Chase ranked No. 2 in the 2019 J.D. Power National Banking Study, so you can expect to have a good experience with your account. That said, it’s important to shop around and compare several banks before choosing one. Consider your preferences and needs and do some research on different banks and credit unions in your area to make sure you have the right fit.

Chase offers a variety of products and services such as Chase Private Client, Sapphire Reserve Banking and popular credit cards like the Ink Business Cash℠ Credit Card and Chase Sapphire Preferred Credit Card. With Chase You Invest by J.P. Morgan, you can open an account with $0 and receive unlimited commission-free trades.

Is Chase Total Checking Right for You?

For the most part, the Chase Total Checking account doesn’t offer a lot of valuable features. It’s a basic checking account that requires you to jump through some hoops to get the monthly fee waived. But if you can easily qualify to get that fee waived, Chase Total can be worth it to have the benefits of a national bank with branch locations in nearly every state. Furthermore, this Chase account is worth considering because of the $225 bonus — it’s easy to qualify for, especially compared to a lot of other bank account bonuses.

However, it’s important to take some time to consider all of your options before you settle on a new checking account. Shop around and compare checking accounts from several banks and credit unions like Axos or SoFi and research features and fees to make sure you get the right fit.



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This Chase checking account comes with a $225 sign-up bonus and easy ways to waive the monthly fee

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.

It can be a drag to open a new checking account with all the work you have to do to update direct deposit and set up all your autopayments. But more and more banks make it worth your while by offering new customers a bonus once they open an account and meet certain requirements.

The Chase Total Checking® account offers a $225 bonus for new customers and a top-rated mobile app that makes banking easy. With both physical and online banking options, you can tailor your experience to your needs. Chase Total Checking ranks on our list of best checking account bonuses of 2021 because, in addition to the signing bonus, there is no minimum balance requirement to open a new account.

Note that the bonus applies only to new Chase customers. If you currently have a checking account with Chase, have received a Chase account-opening related bonus in the past two years and/or have closed an account within 90 days or closed an account with a negative balance, you won't be eligible for the bonus.

To make your search easier, Select reviewed the Chase Total Checking account. We considered APY, access to cash, perks and fees. (Read more about our methodology below.)

Chase Total Checking Review

Chase Total Checking®

  • Monthly maintenance fee

    $12, with options to waive

  • Minimum deposit to open


  • Minimum balance

    $1,500 daily balance to avoid monthly maintenance fee

  • Annual Percentage Yield (APY)


  • Free ATM network

    16,000 Chase ATMs

  • ATM fee reimbursement


  • Overdraft fee

    $34 (max of 3 overdraft fees per day)

  • Mobile check deposit


Terms apply.


The APY for this account is 0%. You will not earn interest on the money you have in this checking account. The average APY for interest checking accounts is low across the board, and many traditional banks don't pay out interest on their checking accounts.

Access to your cash

Users can withdraw cash for free at over 16,000 Chase ATMs around the country or visit the 4,700 branches nationwide.

Daily withdrawal limits cap at $500 for non-Chase ATMs ($1,000 for Connecticut, New Jersey and New York), $1,000 for Chase ATMs and $3,000 for in-person withdrawals at the bank. Debit card users are limited to $3,000 in daily purchases.


There is no minimum deposit for you to open an account, but there is a $12-per-month maintenance fee unless you meet the requirements to waive it (we explain more below).

New account holders can earn a $225 bonus, when they set up direct deposit within 90 days of account opening and keep the new account open for at least six months. (Chase deposits the bonus into your account within 10 business days. If you close the account within six months of opening it, Chase will deduct the bonus amount at closing.)

You can send and receive money with Zelle® and deposit checks through the mobile app. Chase uses 128-bit encryption technology to protect your username, password and other personal account information when you're using the site or apps


There is a monthly service fee of $12, but you may qualify for a fee waiver when you meet one of the following requirements:

  • Receive electronic deposits (including employer direct deposits or government benefit providers) totaling $500 or more
  • Maintain a daily balance of $1,500 or more
  • Maintain an average beginning day balance of $5,000 or more in any combination of this account and linked qualifying Chase checking, savings and other accounts

Non-Chase ATM transactions also come with fees: Withdrawals, inquiries and transfers cost $2.50 within the U.S., Puerto Rico and Virgin Islands. International fees differ slightly, at $5 per withdrawal and $2.50 for any transfers or inquiries (not including fees from the ATM servicer).

Chase charges a $34 insufficient fund fee (for transactions exceeding $5 over your balance) and a $34 returned transactions fee when account holders opt in to Chase Debit Card Coverage This feature gives Chase permission to approve and pay for your everyday debit card transactions when you don't have enough money available. You'll have until the end of the business day/cutoff time to transfer or deposit enough money to avoid an Insufficient Funds Fee on these transactions. There's a three-per-day maximum for these fees (totaling $102), and they don't apply to withdrawals made at an ATM.

Unless you opt in to Chase Debit Card Coverage, transactions will automatically be declined when there are insufficient funds available, and you will not be charged a fee.

Wire transfers can incur various charges depending on the terms of the transfer. Here are the charges for each:

  • Domestic or international incoming wire transfers: Chase charges a $15-per-transfer fee that can be waived if the transfer was originally sent with the help of a Chase banker or using or Chase Mobile, in addition to any processing fees from other financial institutions.
  • Domestic wire transfers out of your account: Chase charges a $35-per-transfer fee when you use the help of a banker. That fee is reduced to $25 when you use or Chase mobile.
  • Transfers from your account to an international account: Chase charges a $50-per-transfer-fee when you use the help of a banker and $40 per transfer when you make the wire transfer online or from Chase mobile.
  • Wire transfer from your checking account to a bank outside the U.S. in a foreign currency: Chase charges a $5-per-transfer fee that is waived for transactions equal to $5,000 or more.

Bottom line

The Chase Total Checking® account offers the second highest bonus offer on our list, behind the PNC Virtual Wallet® with Performance Selectaccount which currently offers new customers a $200 bonus once they meet certain requirements.

Our methodology

To determine which checking accounts provide the best place to deposit your money and earn a bonus, Select analyzed dozens of U.S. checking accounts offered by online and brick-and-mortar banks, including major credit unions. We narrowed down our rankings by only considering checking accounts that have bonuses available to new applicants.

While the accounts we chose in this article all have bonus offers, we also compared each checking account on a range of features, including:

  • Reasonable bonus requirements
  • Available nationwide
  • Physical branch locations and/or online accessibility
  • Large ATM network
  • FDIC or NCUA insured up to $250,000

All of the accounts included on this list are Federal Deposit Insurance Corporation (FDIC) or National Credit Union Administration (NCUA) insured up to $250,000. This insurance protects and reimburses you up to your balance and the legal limit in the event your bank or credit union fails.

The rates and fee structures for checking accounts are subject to change without notice and they often fluctuate in accordance with the prime rate.

Your earnings depend on any associated fees and the balance you have in your checking account. To open an account, some banks and institutions may require a deposit of new money, meaning you can't transfer money you already had in an account at that bank.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

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