JPMorgan Chase is one of the largest banks in the U.S., offering more services than many of its competitors.
The bank has a good basic checking account, but its savings rates are generally low, and some of its fees are high and hard to avoid. Chase also offers mortgages, auto loans and one of the broadest selections of credit cards in the industry. And its internet banking game can compete with online-only banks that focus solely on checking and savings.
Ratings methodology | Reviewed June 21, 2016
Chase offers several checking options, including its most basic account, Chase Total Checking; student checking; and a couple of interest-bearing accounts. With each, you’ll be able to pay bills online, use mobile banking and receive a debit card with a security-enhancing EMV chip.
Avoiding monthly fees is relatively easy for Chase Total Checking account holders. The $12 monthly fee is waived if you receive $500 per month in direct deposits, keep a $1,500 minimum balance or have a total of $5,000 across certain Chase accounts. It becomes much more difficult if you sign up for either the Premier Plus or Premier Platinum account. You need to keep $15,000 in deposits or have autopay on a Chase mortgage for the former, and $75,000 in Chase deposits on the latter.