Chase Checking Account Review: Pick the Option that Works for You

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As one of the largest and best-known brick-and-mortar banks in America, Chase provides financial services to nearly half of America’s households. With more than 5,000 branches and 16,000 ATMs, Chase makes it easy for its customers to bank almost anywhere.

Along with a variety of savings accounts and CDs, credit cards and mortgage and auto loans, Chase also provides four checking account options. So whether you’re a student or looking to open another bank account, Chase might have something for you. Check out the details and learn how to open a checking account with Chase.

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Chase Checking Account Review

With its 24/7 customer service and online banking, Chase provides its customers with easy and convenient banking. The Chase Bank checking accounts aim to do the same.

Learn More: The 10 Best Checking Accounts of 2018

Chase Total Checking Account

If you’re looking for a simple and accessible checking account, then this one might be for you. The Chase Total Checking account requires a $25 minimum deposit to open and monthly service fees vary based on the sum of direct deposits and the daily balance. If you make direct deposits totaling $500 or have a daily balance of at least $1,500 following each monthly statement period, there is no monthly service fee.

Chase Premier Plus Checking

This account also requires a $25 minimum deposit to open, however, there are more incentives for customers. For instance, the account has a 0.01% APY and all monthly service fees on any linked Chase savings accounts are waived.

Chase Premier Platinum Checking

Although this requires a higher minimum deposit of $100, there are fewer fees you have to worry about. For example, you will not be charged for having insufficient funds or returned items if you have four or fewer occurrences in the previous 12 months, and Chase waives all fees for using a non-Chase ATM. There is also no monthly service fee if you average a daily balance of $75,000 or more in this account and link qualifying deposits or investments. This account also has a 0.01% APY.

Chase College Checking

This account is good for students getting started in banking or parents who want their children have exposure to the banking world. The account requires a $25 minimum deposit and there is usually a $6 monthly service fee unless you link a parent’s checking account or are enrolled in college.

Chase Checking Account Pros

With a variety of checking options, banking at Chase is smooth and convenient. Other benefits include:

  • 24/7 customer service
  • Access to all Chase branches and ATMs
  • Bank online with Chase online banking and online bill pay
  • Low minimum deposit

Chase Checking Account Cons

Like other major banks, you’ll earn essentially no money in interest on the cash you keep in your Chase checking account. Other downsides include:

  • Some accounts earn no interest at all
  • Limited fees waived
  • $5 fee per withdrawal and $2.50 for any transfer or inquires outside the U.S. for basic Chase Total Checking account
  • $34 overdraft fee

The Bottom Line

If you keep higher balances in your checking account, then having one of these Chase accounts might be for you. The Chase Premier Plus Checking and Chase Premier Platinum Checking accounts rewards customers with higher balances by eliminating monthly services fees when applicable.

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Editorial Note: This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program.