3 Tips To Avoid Chase’s Monthly Maintenance Fees

Chase's savings account fees are lower than its checking fees.

JPMorgan Chase is one of the biggest banks in America. As such, it provides its customers with a range of banking products. But a big bank still needs to pay the bills. You will find banking fees associated with Chase’s checking and savings accounts the same as you would with any other bank. These fees can be waived by maintaining a qualifying account balance, setting up direct deposits or by qualifying for fee waivers in other ways. Knowing which fees to watch out for can aid you in deciding what sort of account to open, and GOBankingRates has the information you need right here.

In this article you will learn about:

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Chase Checking Account Fees

Chase offers several personal checking accounts: Chase Secure Checking, Chase Total Checking, Chase Premier Plus Checking and Chase Sapphire Checking. In addition, Chase offers two checking accounts designed for students — Chase High School Checking and Chase College Checking — which come with low service fees. Depending on the type of account you have, monthly maintenance fees that apply to Chase checking accounts range from $4.95 to $25.

Some Chase accounts also earn interest, up to .01% annual percentage yield, which is unusual for a checking product.

Chase Personal Checking Accounts
AccountMonthly ServiceEarns Interest
Secure Checking$4.95No
Total Checking$12No
Premier Plus Checking$250.01% APY
Sapphire Checking$250.01% APY
High School Checking$0No
College Checking$6No
Information is accurate as of Oct. 3, 2019

Checking accounts usually come with additional fees like ATM fees. All Chase personal checking accounts include the following:

Chase Checking Account Fees
FeeAmount
ATM$2.50 for a non-Chase ATM inside the U.S
$5 for a non-Chase ATM outside the U.S
Cashier’s Check$8
Money Order$5
Overdraft Fee$34
Foreign Exchange Rate Adjustment Fee3% of transaction
Wire TransfersUp to $50, depending on where wire originated, whether it’s domestic or foreign and if it was initiated online.
Information accurate as of Oct. 3, 2019

Chase also offers three business checking accounts for business owners:

Chase Business Checking Accounts
AccountMonthly Maintenance Fee
Chase Total Business Checking$15
Chase Performance Business Checking$30
Chase Platinum Business Checking$95
Information accurate as of Oct. 3, 2019

Note that many of these maintenance fees can be waived depending on your balance.

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Chase Savings Account Fees

Chase only offers two savings accounts, with fees ranging from $5 to $25.

Chase Savings Account Fees
FeesChase SavingsChase Premier Savings
Maintenance$5$25
Savings Withdrawal Fee$5$5 (waived with a balance of $15,000 or more)
Information accurate as of Oct. 3, 2019

Here are the interest rates available for each account:

  • Chase Savings has 0.01% APY for all balances
  • Chase Premier Savings also only carries 0.01% APY for all balances. An increase in balance results in an increase in rate if you have Relationship Rates, however.

Learn: Chase Interest Rates — How To Get the Bank’s Best Rates

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How To Avoid Chase’s Monthly Maintenance Fees

Chase, along with most banks, will waive maintenance fees if a number of requirements are met. 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. Here are the minimum balances you need to avoid Chase’s monthly fees:

  • Chase Total Checking: $1,500 beginning balance daily or $5,000 average across all accounts
  • Chase College Checking: $5,000 average daily balance
  • Chase Premier Plus Checking: $15,000 average daily balance across all accounts
  • Chase Premier Platinum Checking: $75,000 average daily balance across all accounts
  • Chase Business Checking: $1,500 minimum daily balance with a linked Chase Private Client or Chase Sapphire Checking personal account
  • Chase Performance Business Checking: $35,000 average daily balance across all business accounts
  • Chase Platinum Business Checking: $100,000 average daily balance across all business accounts

You must maintain the minimum daily balance to avoid the fee.

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Also See: Chase Bank Review 2019

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 two Chase accounts allow this exemption:

  • Chase Total Checking: $500 per statement cycle
  • Chase College Checking: Any direct deposit

Note that this option is not available for the other Chase checking accounts.

Heads Up: Best Chase Bank Promotions and Offers

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3. Link a Chase Account

A third way to avoid checking account fees at Chase Bank is to link your account to another Chase account. The Premier Plus and Total Business checking accounts offer this option:

  • Chase Premier Plus Checking: Link a Chase first mortgage enrolled in automatic payments
  • Chase Total Business Checking: Link a Chase Private Client Checking or Chase Sapphire Checking personal account

Linked accounts have a more limited use to customers when it comes to waiving fees.

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How To Avoid Chase Bank Overdraft Fees

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 you do, Chase charges a $34 fee. Chase will charge you as many as three overdraft fees in a single day if your account is overdrawn by at least $5. 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 — usually with no fee.

See: 5 Surprising Private Banking Services

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How To Avoid Chase ATM Fees

Chase charges $2.50 if you use a non-Chase ATM in the United States. Overseas, the 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.

Chase checking accounts come with a range of different fees, including ATM, overdraft and monthly maintenance fees. But these fees are easy to avoid most of the time. Read up on the types of checking accounts Chase offers to find out which one provides you the most appropriate service. You can check out Chase Bank online or at your local branch.

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How Chase Bank’s Account Fees Compare With Other Banks

We’ve covered the basics of Chase’s checking and savings account fees, but how do they compare to other recognized bank accounts?

Fees at Chase and Other Banks
FeeWells FargoChaseBank of AmericaCitibankU.S. Bank
Monthly maintenanceUp to $30Up to $25Up to $25Up to $30Up to $25
Out-of-network ATM withdrawalIn U.S.: $2.50

Outside U.S.: $5

In U.S.: $2.50

Outside U.S.: $5

In U.S.: $2.50

Outside U.S.: $5

$2.50; additional 3% fee for transactions made outside U.S. and Puerto Rico$2.50
Overdraft (nonsufficient funds)$35$34$35$34$36
Excess transactions$15$5$10No fee, but Citibank will close your account if you withdraw three times over the limit$15
Wire transfer$15-$30$15-$50Varies$15-$45$20-$50
International debit purchase3% of transaction3% of transaction3% of transaction3% of transaction3% of transaction
Information accurate as of Oct. 2, 2019. Fees listed reflect amounts typically charged; exceptions may apply. 

Chase’s fees appear fairly standard, although it has the second-cheapest overdraft fees listed. Its overdraft fee is slightly cheaper, as well. Its wire transfer fees have a wide range but are dependent on how the wire is conducted.

Don’t Miss: 13 Banking Fees You Should Never Pay

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Getting the Most Out of Your Chase Banking Account

Opening both a savings and checking account with Chase has its advantages. Once you’ve opened a Chase Premier Savings Account, you can unlock Premier Relationship Rates if you link it with one of the following:

  • Chase Premier Plus Checking
  • Chase Sapphire Checking

From there, you’ll immediately be treated to a rate of 0.04% APY for your account balance, which increases the higher your balance is. Otherwise, your rate is only 0.01% APY, the same as a standard savings account.

Also, if you are active-duty military, your service fee for the Chase Premier Checking account is 0$, plus you don’t have to pay ATM fees, wire transfers or foreign exchange rates.

Get the Most: How To Open a Chase Checking Account

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Are Chase Products and Services Good for You?

Chase provides a solid selection of banking accounts that offer basic services for those seeking to build either checking or savings accounts. Their fees are evenly priced compared to other banks, and some of their checking accounts offer interest rates. 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.

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More From GOBankingRates:

Sean Dennison is a writer and editor who has been writing about consumer finance since 2018. He is a regular contributor to GOBankingRates.

John Csiszar contributed to the reporting of this article.

Fees and rates are subject to change.

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

About the Author

Sean joined the GOBankingRates team in 2018, bringing with him several years of experience with both military and collegiate writing and editing experience. Sean’s first foray into writing happened when he enlisted in the Marines, with the occupational specialty of combat correspondent. He covered military affairs both in garrison and internationally when he deployed to Afghanistan. After finishing his enlistment, he completed his BA in English at UC Berkeley, eventually moving to Southern California.