Chase Private Client Program: Requirements, Benefits and Drawbacks

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Quick Take: The Chase Private Client program offers exclusive benefits and exceptional priority customer service. The experience comes with a team of professionals including a personal investment advisor and private banker.
  • Ease of Use
  • Features
  • Benefits
  • Customer Service
How did we calculate this?


  • Discounted rates on financing vehicles
  • No ATM fees and higher daily limits
  • Access to a private banker and private advisor


  • High minimum asset requirement
  • May need to move funds from other institutions
  • Investment products might not be the right fit for everyone

Chase Private Client Overview

The Chase Private Client program is a private banking experience designed for those who want access to a personal banker with Chase Bank, one of the nation’s leading financial institutions. In addition, the program offers deep discounts on large purchases like homes and cars but requires at least $150,000 in assets to open an account. Continue reading to learn more about Chase Private Client.

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Chase Private Client Key Features

If you are considering becoming a Chase Private Client, here’s a closer look at its key features.


Chase Private Client offers a host of member benefits.

  • Business banking: No-fee transactions and lower minimum balance requirements for Chase Platinum Business Checking account holders.
  • Investments: Private J.P. Morgan client advisor specializing in personalized investment strategies.
  • Auto loans: 0.25% discount on auto loan financing.
  • Personal banking: $0 fees on ATM transactions, wire transfers or overdrafts.


Investors and business owners have access to additional benefits with J.P. Morgan Wealth Management Private Client Advisors and a Chase for Business Platinum Checking account. 

J.P. Morgan Private Client Advisors design custom investment portfolios and help clients prioritize their investment goals. With a J.P. Morgan Wealth Plan, clients can work virtually with an advisor to create and manage a personalized strategy to reach their financial goals.

Business owners who link their Chase Platinum Business Checking account to their Chase Private Client Checking account have their monthly service fee waived and can reduce their minimum balance to $50,000. This business perk also includes no fees on outgoing or incoming wire transfers.  

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Ease of Use

The biggest barrier to entry with this program is the high balance threshold. If you have the funds required to become a Chase Private Client, it’s possible to join this program.

Although you can pay a $35 monthly fee to bypass this requirement, paying the fee sort of defeats the point. But if your funds are spread out across multiple banks or investment accounts, pulling all your funds into one place can be easier said than done. However, there isn’t a formal application process or membership fee required. With that, those who have the funds and the desire can easily become Chase Private Clients.

Customer Service

As a Chase Private Client, you’ll have access to priority service. With that, you should expect a top-tier customer service experience. But the experience can go beyond commonplace customer service. Through this program, you have the opportunity to tap into the perks of relationship banking.

The root of this relationship banking stems from the fact that you’ll have access to a Private Client Banker. This banker will be readily available to answer all of the questions you have about banking best practices. With their help, you can get the most out of your banking experience.

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How Chase Private Client Stands Out

This kind of experience is especially helpful for anyone that wants help navigating their finances. If you want help nailing down the right money choices, this access might be invaluable. If you don’t want help managing your finances, then you likely won’t get as much out of the Chase Private Client experience. But even those who don’t want help can find value in the access to waived fees and lower rates on their mortgage or auto loan.

Comparable Chase Private Client Options

Chase Private Client isn’t the only game in town. Here’s a closer look at other options.

Bank of America Preferred Rewards Program

Due to a lower account balance threshold, the Bank of America Preferred Rewards Program is more accessible. You’ll be able to hop into the Gold Tier of this program by maintaining a balance between $20,000 to $50,000 across eligible Bank of America, Member FDIC, and Merrill investment accounts. With this, you’ll get access to an interest rate booster of 5%, 25% more reward points from your Bank of America credit cards, a reduced mortgage origination fee, and reduced interest rates on mortgages and auto loans.

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But the rewards are more enticing when you hit higher thresholds. For example, the Diamond Tier requires maintaining a balance between $1 million to $10 million and offers a 75% rewards boost on Bank of America credit cards and a 20% interest rate boost on a Bank of America Advantage Savings account.

Wells Fargo: The Private Bank

Wells Fargo Private Bank offers a variety of benefits and specialists that can help you with every step along the way. Private Clients will be able to check their accounts through elevated digital access. In addition, they will get customized wealth planning, asset management and investment management.

How To Become a Chase Private Client Member

As an existing Chase checking account customer, it’s easy to upgrade your existing checking account. The process happens by meeting with a banker over the phone or in person. Be prepared to move any necessary funds around. For new Chase customers, you can open a Chase Private Client account online.

Is Chase Private Client Worth It?

Overall, the Chase Private Client program offers members an elevated banking experience. Members get personalized attention from a dedicated Chase Private Client Banker and a J.P. Morgan Private Client Advisor for tailored investment guidance. Other perks above the average banking experience include free access to ATMs worldwide, waived fees on outgoing or incoming wire transfers and mortgage rate discounts. 

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Final Take

Chase Private Client members enjoy priority checking services, exclusive member perks and access to world-class investment and wealth management services with J.P. Morgan. If these benefits suit your financial success plan, then Chase Private Client might be a good choice for you.


Here are answers to some frequently asked questions about Chase Private Client.
  •  Who qualifies for Chase Private Client?
    • Chase Private Client services are available for those able to maintain an average daily balance of at least $150,000 in Chase accounts. The funds can be held across any combination of eligible Chase deposit and investment accounts. But you'll need to maintain this balance in order to remain a Chase Private Client member. Another pathway to membership is a linked Chase Platinum Business Checking account.
  • How much money do you need for Chase Private Client?
    • At a bare minimum, you'll need to have at least $150,000 in liquid assets for Chase Private Client. You'll need to maintain this combined minimum balance across your eligible Chase deposit and investment accounts. For practical reasons, you may need to have more available liquid assets to allow for a smooth transition into this program.
  • Is it worth being a Chase Private Client?
    • Your expectations for an ideal banking experience will determine whether or not being a Chase Private Client is worth it. For those that want a personalized banking experience and access to a suite of fee waivers, Chase Private Client might be worth it. But if you aren't interested in a personalized touch, then you might not get too much out of being a Chase Private Client.
  • What is Chase Private Client?
    • Chase Private Client is a top-tier banking experience for Chase customers with a combined balance of at least $150,000 across eligible deposit and investment accounts. Through the program, you'll get special perks like access to a private banker, a private investment advisor, fee waivers, discounted rates on financing and personalized business guidance.
  • Can I access my Chase Private Client account on the go?
    • Chase Private Client customers can access their accounts through the Chase Mobile app, which is available on select mobile devices.
  • How much can I save on auto financing as a Chase Private Client customer?
    • Chase Private Client customers get a 0.25% discount on auto financing with J.P. Morgan Chase Bank. You can only apply for this rate online, but the rate is not available through auto dealerships. In addition, to receive the discount, you must purchase a car from a dealership in the Chase network. Be aware that other terms and conditions may apply.
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Sarah Sharkey contributed to the reporting for this article.

Information is accurate as of July 10, 2023.

The information related to Chase Private Client was collected by GOBankingRates and has not been reviewed or provided by the issuer of this product/card. Product details may vary. Please see the issuer’s website for current information. GOBankingRates does not receive commission for this product.

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.


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