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Chase Checking Account Review: Fees, Options

July 27, 2017
Banking, Checking Accounts
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Chase

at Chase,

Member, FDIC

Chase checking accounts offer access to solid banking services both in person and online.

There are various accounts to suit different needs, and fees are on par with those of other national banks.

Chase checking accounts

 Chase Total Checking®
Monthly fees$12

3 ways to waive it:
  • Have $500 or more in monthly direct deposits
  • $1,500 minimum daily balance
  • Keep at least $5,000 across Chase accounts
Minimum opening deposit$25
Interest on balancesNo
ATM feesSee our Chase ATM Network Review
Overdraft fees$34, up to 3 per day

Sign-up bonus$200; see how to qualify
 Chase Premier Plus Checking℠
Monthly fees$25

2 ways to waive it:
  • Maintain a balance of $15,000 or more across linked Chase accounts
  • Have a linked first mortgage from Chase enrolled in automatic payments
Minimum opening deposit$25
Interest on balancesYes

0.01% APY
(effective 6/15/18; rates are variable and subject to change)
ATM feesSee our Chase ATM Network Review
Overdraft fees$34, up to 3 per day
Sign-up bonus$300; see how to qualify
 Chase Premier Platinum Checking℠
Monthly fees$25 ($35 if you live in CT, NJ or NY)

1 way to waive it:
  • Have at least $75,000 across linked Chase accounts
Minimum opening deposit$100
Interest on balancesYes

0.01% APY
(effective 6/15/18; rates are variable and subject to change)
ATM feesSee our Chase ATM Network Review
Overdraft feesChase Premier Platinum Checking℠ doesn’t charge for the first four business days a year that involve an overdraft.

Otherwise, $34, up to 3 per day
Sign-up bonusNo

 Chase Total Checking®Chase Premier Plus Checking℠Chase Premier Platinum Checking℠
Monthly fees$12


  • Have $500 or more in monthly direct deposits
  • $1,500 minimum daily balance
  • Keep at least $5,000 across Chase accounts
$25


  • Maintain a balance of $15,000 or more across linked Chase accounts
  • Have a linked first mortgage from Chase enrolled in automatic payments
$25 ($35 if you live in CT, NJ or NY)


  • Have at least $75,000 across linked Chase accounts
Minimum opening deposit$25$25$100
Interest on balancesNoYes

0.01% APY
(effective 9/14/18; rates are variable and subject to change)
Yes

0.01% APY
(effective 9/14/18; rates are variable and subject to change)
ATM feesSee our Chase ATM Network Review
Overdraft fees$34, up to 3 per day

Chase Premier Platinum Checking℠ doesn’t charge for the first four business days a year that involve an overdraft.
Sign-up bonus$200; see how to qualify$300; see how to qualifyNo

» MORE: Full review of Chase Bank

How Chase checking compares

Chase checking account fees and services are similar to those of other national banks. The $12 monthly fee for Chase Total Checking® is also what Citibank and Bank of America charge for standard full-service checking. And two of the most common ways to waive monthly fees are having direct deposits or keeping at least $1,500 as a daily balance. Wells Fargo’s basic option is slightly cheaper at $10, with four main ways to waive it, including 10 debit card purchases or payments monthly. Many online banks, however, have no monthly fees.

How does Chase compare?

Chase

Chase Total Checking®

NerdWallet Rating

at Chase,

Member, FDIC

APY

N/A

Monthly Fees

$12

Bonus features

10,000+ ATMs

2,000+ branches

Mobile-friendly

Chime

Spending Account

NerdWallet Rating

at Chime,

Member, FDIC

APY

N/A

Monthly Fees

$0

Bonus features

No Monthly Fee

No overdraft/NSF fees

10,000+ ATMs

Simple

Fee-Free Checking Account

NerdWallet Rating

at Simple,

Member, FDIC

APY

0.01%

Monthly Fees

$0

Bonus features

No overdraft/NSF fees

No Monthly Fee

10,000+ ATMs

Not for you? Read more bank reviews

 

Chase’s higher-end checking options have much tougher requirements for waiving the monthly fee. If you can’t meet them, the additional benefits that come with those accounts might not be worth paying $25 a month (or a not-insubstantial $300 a year).

Chase also offers student checking for high school and college students with the same services as Chase Total Checking® but a $6 monthly fee, which can be waived easily if you are a student or have a linked parent account, or if you meet the regular direct deposit or a minimum balance requirements.

Benefits for all Chase checking accounts

  • Free access to 5,100 branches and 16,000 ATMs: This network reaches 26 states and is one of the biggest in the U.S.
  • Chase online and mobile banking: Check balances and pay bills, and set up alerts via text and email. The app also has a mobile check deposit feature.
  • Chase QuickPay with Zelle: This person-to-person service lets you send money online to friends and family, even if they’re at other banks. It’s free, and money can arrive within minutes.
  • Chase debit card with EMV chip: This chip helps protect your card information from being skimmed, or copied, at ATMs or store checkouts.
  • Cardless ATM access: As of August 2018, Chase lets you withdraw cash at 15,000 ATMs with just your smartphone. Open your mobile wallet app (e.g. Apple Pay), select your Chase debit card (or add it if you haven’t yet), tap the phone to the “cardless” symbol on the ATM and enter your PIN.
  • 24/7 customer support: The phone line includes an automated menu, but it can be easy to navigate and you can talk to a real person at any hour.

Additional benefits for high-end Chase checking

Chase Premier Plus Checking℠ users get free personal checks, cashier’s checks and money orders and aren’t charged by Chase for using an out-of-network ATM four times per month. Chase Platinum users get those benefits, plus: no Chase fee for using out-of-network ATMs, receiving wire transfers or overdrawing your account four or fewer times per year.

(If you’re not in the Chase branch network, can’t avoid the monthly fees or are looking to earn interest on your checking, check out NerdWallet’s best credit unions and top online banks. Or see how other national banks compare.)