How To Avoid Chase’s Monthly Service Fees
Written by
Sean Dennison
Edited by
Melanie Grafil
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JPMorgan Chase is one of the biggest banks and financial institutions in America, providing customers with a range of banking products. A big bank still needs to pay the bills, and outside Chase credit cards, debit cards and banking services, other fees associated with Chase’s checking and savings accounts help do that.
Chase Monthly Service Fees
Chase’s monthly service fees range from $0 to $25 on checking accounts, $15 to $95 on business checking and $5 to $25 on savings accounts offerings.
The good news is that these fees can often be waived by maintaining a qualifying account balance, setting up direct deposits or qualifying for fee waivers. Here’s what you need to know about Chase monthly maintenance fees and how to avoid them.
| Account Type | Monthly Fee | How To Waive |
|---|---|---|
| Chase Secure Checking | $4.95 | Not waivable |
| Chase Total Checking | $12 | Direct deposit of $500+, $1,500 daily balance, or $5,000 average balance across accounts |
| Chase Premier Plus Checking | $25 | Maintain $15,000 balance across accounts or have a Chase first mortgage with automatic payments |
| Chase Sapphire Banking | $25 | Maintain $75,000 balance across accounts |
| Chase High School Checking | $0 | N/A |
| Chase College Checking | $12 | Waived for 5 years while in college or maintain $5,000 daily balance |
| Chase First Banking | $0 | N/A (Available to Chase checking customers with children) |
| Chase Business Complete Checking | $15 | Maintain $2,000 daily balance, accept $2,000 in deposits via Chase QuickAccept, or link a Chase Private Client Checking account |
| Chase Performance Business Checking | $30 | Maintain $35,000 balance across business accounts |
| Chase Platinum Business Checking | $95 | Maintain $100,000 balance across business accounts |
| Chase Savings | $5 | Maintain $300 daily balance, set up $25 automatic transfer from Chase checking, link to Chase Premier Plus Checking, or link to Chase Private Client Checking |
| Chase Premier Savings | $25 | Maintain $15,000 daily balance |
Chase Bank Checking Account Fees
Chase checking account monthly maintenance fees vary from $4.95 to $25 for the bank’s standard checking options, and from $25 to $35 for the bank’s premium checking options. Additionally, Chase offers three checking accounts designed for kids and students, which feature low service fees from $0 to $12.
Some Chase accounts also earn interest. Here’s a quick look at the monthly service fees and interest potential for Chase personal checking accounts.
Personal Checking Accounts
| Account | Monthly Service Fee | How To Waive |
|---|---|---|
| Chase Secure Checking | $4.95 | Have deposits of at least $250 each month |
| Chase Total Checking | $12 | – Direct deposit of $500+, or – $1,500 daily balance, or – $5,000 average balance across accounts |
| Chase Premier Plus Checking | $25 | – Maintain a $15,000 balance across accounts, or – Have a Chase first mortgage with automatic payments |
| Chase Sapphire Banking | $25 | Maintain a $75,000 balance across accounts |
| Chase High School Checking | $0 | N/A |
| Chase College Checking | $12 | – Waived for five years while in college, or – Maintain a $5,000 daily balance |
| Chase First Banking | $0 | N/A; available only for children ages 6 to 17 |
Business Checking Accounts
Chase also offers three business checking accounts for business owners. Chase offers multiple options to waive the monthly service fee.
| Account | Monthly Service Fee | How To Waive |
|---|---|---|
| Chase Business Complete Checking | $15 | – Maintain $2,000 daily balance, or – Accept $2,000 in deposits via Chase QuickAccept, or – Link a Chase Private Client Checking account |
| Chase Performance Business Checking | $30 | Maintain $35,000 balance across business accounts |
| Chase Platinum Business Checking | $95 | Maintain $100,000 balance across business accounts |
Chase Savings Account Fees
Chase Bank has monthly service fees for savings accounts, however, it will waive the charges if you complete certain qualifying activities, such as maintaining a minimum daily balance, making automatic transfers or linking to another Chase account. Here’s a breakdown of Chase savings account fees.
| Account | Monthly Service Fee | Withdrawal Limit Fee | How To Waive |
|---|---|---|---|
| Chase Savings | $5 | $5 for withdrawals exceeding six per month | – Maintain $300 daily balance, or – Set up $25 automatic transfer from Chase checking, or – Link to Chase Premier Plus Checking, or – Link to Chase Private Client Checking |
| Chase Premier Savings | $25 | $5 for withdrawals exceeding six per month | Maintain $15,000 daily balance |
Both Chase savings account options earn interest.
Chase Overdraft Fees
Chase charges a $34 fee per overdraft — up to a maximum of three fees per day, or $102. You can avoid the overdraft fee by signing up for overdraft protection*. Then, the bank will cover your overdrawn checking account with money from your savings account without an added fee.
To avoid an overdraft fee at Chase, the best thing to do is to make sure you don’t overdraw your account in the first place. If your account is overdrawn by more than $50, it’s subject to overdraft fees.
| Fee Type | Amount | How To Avoid |
|---|---|---|
| Standard Overdraft Fee | $34 per transaction (max $102 per day) | Opt into overdraft protection |
Other Common Chase Fees
Chase checking accounts usually come with additional fees, such as when you use an out-of-network ATM. Most Chase personal checking accounts include the following fees. Note that Chase will waive some of these fees, depending on account type.
| Service | Fee Amount |
|---|---|
| Chase Bank ATM fee | -$3 for non-Chase ATMs in U.S. territories -$5 for withdrawals -or $3 for transfers/inquiries at non-Chase ATMs outside the U.S. |
| Cashier’s check fee | $10 |
| Money order fee | $5 |
| Currency exchange fee | 3% of transaction |
| International wire | $5 if below $5,000, $0 if $5,000 or more |
| Chase wire transfer fees | $0 to $50, depending on origin, domestic vs. foreign, and online vs. branch initiation |
| International wire transfer fee | $40 |
| Debit card foreign transaction fee | 3% of transaction |
How To Avoid Chase’s Monthly Maintenance Fees: 3 Tips
Chase, along with most banks, will waive maintenance fees if the requirements are met. If you do get charged a fee and feel it was in error, contact customer service so they can help you remove it and it should clear from your account in a few business days. Here’s how to avoid your Chase bank fees.
1. Maintain a Minimum Balance
You can avoid paying a Chase checking account fee by maintaining a minimum required amount in your account.
Chase Bank Minimum Balance To Avoid Fees
The following are the minimum balance requirements you need to keep in your account to waive fees.
- Chase Total Checking: Maintain a $1,500 beginning day balance or maintain a $5,000 beginning daily average balance across all accounts.
- Chase Premier Plus Checking: Maintain a $15,000 average beginning day balance across all accounts.
- Chase Sapphire Banking: Maintain a $75,000 average beginning day balance across all accounts.
- Chase College Checking: Maintain an average ending day balance of $1,500.
- Chase Business Complete Checking: Maintain a minimum daily balance of $2,000 in the account.
- Chase Performance Business Checking: $35,000 average beginning day balance across all linked business accounts.
- Chase Platinum Business Checking: Maintain an average beginning day balance of $100,000 across all linked business accounts.
- Chase Savings: Maintain a beginning day balance of $300 in this account.
- Chase Premier Savings: Maintain a beginning day balance of $15,000 in this account.
2. Sign Up for Qualifying Direct Deposits
Another way to avoid paying fees on your checking account at Chase is to meet the minimum requirement for direct deposits. The following three Chase accounts allow this exemption:
- Chase Total Checking: $500 per statement cycle
- Chase College Checking: Deposits totaling $500 or more
- Chase Secure Banking: $250 per statement period
3. Link a Chase Account
A third way to avoid checking account fees at Chase is to link your account to another Chase account. The Premier Plus, Business Complete and Private Client checking accounts offer this option:
- Chase Premier Plus Checking: Link a Chase first mortgage enrolled in automatic payments.
- Chase Business Complete Checking: Link a Chase Private Client Checking account.
- Chase Private Client Checking: Link a Chase Platinum Business Checking account.
How To Avoid Chase ATM Fees
Chase Total Checking and Chase Secure Banking charge $3 if you use a non-Chase ATM in the United States. You can avoid these fees by searching Chase’s website for a Chase ATM near you.
Good To Know
Overseas, the ATM fee jumps up to $5 per withdrawal. You might also face charges imposed by the ATM operator. Whether in the U.S. or abroad, you can avoid ATM fees by using a Chase ATM.
Alternatively, you can sign up for Chase Premier Plus Checking, which offers the first four non-Chase ATM transactions for free during each statement period, or Chase Sapphire Checking, which waives all non-Chase ATM fees and even reimburses you for all third-party ATM fees.
Getting the Most Out of Your Chase Banking Account
Opening both a savings and checking account with Chase has plenty of advantages. Once you’ve opened a Chase Premier Savings account, you can unlock Premier relationship rates if you link it with a Chase Premier Plus Checking or Chase Sapphire Checking account and use your linked checking account to make five or more transactions per month.
Also, if you are active-duty military and have a Chase Premier Plus Checking account, you’ll pay no fees for transactions at non-Chase ATMs, wire transfers or foreign exchange rate adjustments.
Final Take: Chase Bank Account Fees
Whether you are opening savings accounts, CDs or just want a checking account that works for you, Chase provides a solid selection of banking accounts that offer basic services for those seeking to build their wealth. Its fees are evenly priced compared to other banks, and some of its checking accounts offer interest.
For higher returns or smaller fees on a savings account, you may want to consider online banks, which do not have to factor in overhead costs and may even be a bit cheaper to maintain.
Chase Fees FAQ
Here are the answers to some of the most frequently asked questions about fees and how to avoid fees at Chase.- How can I get my Chase monthly service fee waived?
- At Chase, each account has its own guidelines for waiving the monthly service fee. This might be meeting the minimum balance, having direct deposits set up or having your accounts linked. The account options include personal checking, business checking and savings accounts, for example.
- What is the overdraft limit for Chase accounts?
- Chase charges a $34 overdraft fee for each transaction, with a max of three overdrafts per day, totaling $102. Chase Overdraft Assist is a feature that will avoid charging your account if you've overdrawn by $50 or less, if you at least bring your account back to the positive by the next business day.
- Does Chase refund ATM fees?
- Chase offer some accounts that will reimburse ATM fees, such as the Chase Premier Plus Checking account, which provides refund for up to four transactions at non-Chase ATMs. However, this feature does not apply to most of the standard accounts at Chase.
- Are there fees for closing a Chase account?
- There is no fee to close an account at Chase. If there's an outstanding negative balance, however, this will need to be brought positive before you close the account.
More About Chase
Caitlyn Moorhead and John Csiszar contributed to the reporting of this article.
*With Chase Overdraft AssistSM, Chase won’t charge an insufficient funds fee if you’re overdrawn by $50 or less at the end of the business day, or if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 p.m. ET, or 8 p.m. PT, to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts.
**Chase Total Checking has a monthly service fee of $12 or $0 with one of the following, each monthly statement period: Electronic deposits made into this account totaling $500 or more, such as payments from payroll providers or government benefit providers, by using (i) the ACH network, (ii) the Real Time Payment or FedNowSM network, (iii) third party services that facilitate payments to your debit card using the Visa® or Mastercard® network, OR a balance at the beginning of each day of $1,500 or more in this account, OR an average beginning day balance of $5,000 or more in any combination of this account and linked qualifying Chase checking, savings, and other balances.
J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, member FINRA and SIPC. Insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.
INVESTMENT AND INSURANCE PRODUCTS: • NOT A DEPOSIT • NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNEMENT AGENCY • NO BANK GUARANTEE • MAY LOSE VALUE
The information related to Chase Savings, Chase Premier Savings, Chase Total Checking, Chase Secure Banking, Chase Premier Plus Checking, Chase Sapphire Checking, Chase High School Checking, Chase College Checking, Chase First Banking, Chase Business Complete Checking, Chase Performance Business Checking and Chase Platinum Business Checking was collected by GOBankingRates and has not been reviewed or provided by the issuer of these products. Product details may vary. Please see the issuer’s website for current information. GOBankingRates does not receive commission for these products.
Editorial Note: This content is not provided by Chase. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Chase.
