Health & Fitness

Chase Secure Banking Review – Forbes Advisor

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JPMorgan Chase is one of the oldest banks in the U.S. and is the largest, based on assets, according to Federal Reserve data. Besides its popular rewards credit cards, Chase also offers a multitude of personal banking products and services.

Chase Secure Banking℠ is one of the bank’s checking account offerings. Since 2019, Chase Secure Banking has been Bank On certified, a national standard for low-cost, low-fee bank accounts designed to help connect underbanked and unbanked people with affordable deposit accounts.

This review explores Chase Secure Banking, including the account’s features, fees and other items of interest.

Offers and account details are accurate as of Oct. 7, 2021.

Account Basics

Personal banking is at the heart of Chase Bank, with accounts and solutions to fit almost every banking need. Here are the details of Chase Secure Banking, along with the bank’s other offerings.

Chase Secure Banking

Chase Secure Banking is a basic low-cost checking account with no minimum opening deposit. If you’re in the market for a new checking account, this might be the time to think about Chase Secure Banking.

Through Jan. 19, 2022, Chase is offering a $100 cash bonus to new Chase customers who open a Chase Secure Banking account and meet other program requirements. You can sign up for an account online or receive an offer coupon via email to bring with you to a local Chase bank branch. Once enrolled, you must complete 10 qualifying transactions within 60 days. Qualifying transactions include:

  • Debit card purchases
  • Online bill payments
  • Chase QuickDeposit
  • Zelle transactions
  • ACH transactions

Chase Secure Banking carries a $4.95 monthly service fee that cannot be waived. Despite the fee, the account offers plenty of ways to save money, including:

  • No overdraft fees
  • No fees on money orders or cashier’s checks
  • No fees at Chase ATMs
  • No fees to send money via Zelle
  • No fees for online bill pay
  • No fees to cash checks

Keep in mind that these free features are included with many popular checking accounts these days. Also, Chase Secure Banking accounts don’t come with check-writing privileges. There are also no options to send or receive wire transfers. However, you can access your funds at more than 4,700 Chase branches and nearly 16,000 fee-free Chase ATMs.

With Chase Secure Banking, you only spend the money you have on deposit. The bank will decline or return a transaction when the customer does not have enough money in the account to cover the charge.

Other Chase Banking Products and Services

Chase offers numerous personal banking products and solutions, including:

  • Chase Total Checking®
  • Chase Premier Plus Checking
  • Chase First Banking
  • Chase High School Checking
  • Chase College Checking
  • Chase Sapphire Banking
  • Chase Private Client Checking
  • Chase Savings
  • Chase Premier Savings
  • Certificates of Deposit (CDs)
  • Military banking
  • Credit cards
  • Automotive financing
  • Home mortgages and refinancing
  • Investing and retirement solutions
  • Small business banking and solutions
  • Commercial solutions

Distinguishing Features

Chase Secure Banking comes with access to Chase Credit Journey. This free tool allows Chase customers to monitor their credit score, receive personalized insights to help build their credit, and sign up for alerts to protect account and personal information.

Another feature included for Chase customers is Chase Offers. Customers can access and activate exclusive deals from various retailers and services through their online account or Chase’s mobile app.

Access on the Go

As is true for all Chase customers, Chase Secure Banking gives you access to the bank’s highly rated mobile app. Available for iOS and Android, Chase’s mobile app offers 24/7 management for all your Chase and J.P. Morgan accounts. The app is highly rated, earning 4.8 stars out of 5 on the App Store and 4.4 stars out of 5 on Google Play.

Using the mobile app, you can:

  • Manage accounts
  • Transfer funds
  • Pay bills
  • Deposit checks
  • Send money via Zelle
  • Wire funds
  • Automate your savings
  • Set up account alerts and notifications
  • Lock your card if it’s lost or stolen

Chase Secure Banking accounts are accessible online at any time. You can also receive phone support by calling 1-800-935-9935. Other support options include sending a message via Facebook or Twitter at @ChaseSupport.

Chase in-person support is available at over 4,700 local branches and 16,000 ATMs across the U.S.

Pros

  • No minimum opening deposit requirement
  • No overdraft fees
  • No fees on money orders or cashier’s checks
  • Large no-fee ATM network
  • Over 4,700 local branches across the U.S.

Cons

  • $4.95 monthly maintenance fee
  • No checking-writing privileges
  • No way to send or receive wire transfers

How Chase Stacks Up

Signing up for Chase Secure Banking is an easy way to earn a quick $100 cash bonus and access basic banking services without all of the extra fees. Unfortunately, the checking account charges a $4.95 monthly service fee, so if you want a completely free checking account, you’ll need to look elsewhere. Chase Secure Banking offers enough benefits to make it a viable option as an everyday checking account, especially with access to plenty of local branches and fee-free ATMs across the country.

Frequently Asked Questions

Yes, all Chase bank accounts are FDIC insured (FDIC# 628) up to $250,000 per depositor, for each account ownership category, in the event of a bank failure.

How much does it cost to open a Chase Secure Banking account?

There is no minimum deposit requirement to open a Chase Secure Banking account.

What is Chase Secure Banking?

Chase Secure Banking is a low-cost checking account with no minimum opening deposit. The account carries a $4.95 monthly service fee but doesn’t charge overdraft fees or other common bank fees.

Is Chase Secure Banking a real checking account?

Yes, Chase Secure Banking is a real checking account with in-person and online management and support. No minimum deposit is required to open a Chase Secure Banking account.

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