Chase premier plus checking account minimum balance

$0

Minimum deposit to open

Details

  • Features
  • Deposit methods

APY0.01%
Fee$25 per month
To waive the feeMeet ONE of the following:
• Have an average beginning day balance of $15,000 or more in this account and any linked deposits or investments
• OR pay your Chase first mortgage with auto pay from your Chase account
• OR be a member of the military with ID
Minimum deposit to open$0
Intro or bonus offer$300 bonus when you open this account and sign up for direct deposit. Available online nationwide except in Alaska, Hawaii and Puerto Rico.
ATMsAccess to 16,000 ATMs and more than 4,700 branches nationwide
ATM transaction fee$0
ATM fee rebatesFirst four non-Chase ATM transactions per statement period
Out-of-network ATM fee$2.50
Foreign transaction fee3%
Overdraft fee$34
Nonsufficient funds fee$34

Review by

Peter Carleton


Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading.

Expert review

The Chase Premier Plus Checking account is best for those who expect to have a daily balance of at least $15,000 in their account. Although the account is interest-bearing, it’s a low 0.01% percent.

You can open a Chase Premier Plus Checking account in person by visiting your local branch or online, by following these steps.

  1. Go to the provider’s site and follow the steps to apply.
  2. From the Chase site, click Checking accounts.
  3. Click Open account under Chase Premier Plus Checking account.
  4. Fill in your personal information including your name, address and Social Security number, then click Next.
  5. Once your application is complete, you’ll need to fund the account.
  6. Submit your application.

Eligibility

The only eligibility requirement for the Chase Premier Plus Checking is a $25 deposit to open the account. You’ll need to show a government-issued ID, but as long as you have a permanent address, you should be able to open an account.

The $300 introductory bonus is only available to new Chase customers. Once the account is open, you’ll need to make a direct deposit into the account within 60 days.

Required information

  • Name
  • Date of birth
  • Address
  • Government-issued ID
  • Social security number — or passport for foreign applicants
  • Income information

  • Bonus offer. Get a $300 bonus when you open this account and sign up for direct deposit.
  • Earn interest. Unlike many other checking accounts, this account pays interest at a rate of 0.01% APY.
  • Minimal fees. You won’t pay fees for your first four out of network ATM transactions, Chase checks, money orders and more.
  • Visa debit. The account comes with a Chase Visa debit card with chip technology.
  • Convenient deposit methods. Deposit money at branches, ATMs, by mail, online or through the Chase mobile banking app using Chase QuickDeposit.
  • Security. Chase holds the best possible long-term financial ratings by all three major ratings agencies, and is FDIC-insured, meaning that deposits up to $250,000 are covered.
  • Bill pay. Make one-time or recurring payments for free when this your primary account to pay your bills.
  • Paper payments. Send free counter checks, money orders or cashier’s checks.
  • Rent-free safety deposit box. This account comes with free access to a 3×5-inch safety deposit box to keep your important documents and keepsakes safe from fire and theft.
  • Wide-ranging support. Chase has nearly 5,000 branch locations and offers 24/7 customer service. You can also reach out by email, mail and Twitter, or find FAQs on the Chase site.
  • Account alerts. Get alerts via text, email and push notifications when there is a charge, refund or other transaction on your account.
  • Text banking. Check account balances, view credit card bills and more — all from your phone.
  • Mobile payments. Use QuickPay with Zelle through the Chase mobile app to make payments to virtually anyone.

This account comes with a Chase Visa debit card with chip technology, giving you access to the largest bank-owned ATM network in the country, with a whopping 16,000 ATMs in 28 states. Chase ATMs are free, and you’ll pay no Chase fees on your first four non-Chase ATM transactions per month. However, five or more incur the following fees:

  • Domestic ATM fees (including Puerto Rico and the US Virgin Islands): $2.50 per withdrawal, transfer or inquiry — plus fees from the ATM owner.
  • Foreign ATM fees: $5.00 per withdrawal and $2.50 per transfer or inquiry — plus fees from the ATM owner.
  • Opening deposit requirement. The account requires a $0 minimum deposit to open, but doesn’t have monthly balance requirements.
  • Monthly service charge. You’ll be charged a $25 monthly service fee, which is waived if any of the following apply to you:
    • Have an average daily balance of at least $15,000. This also includes linked qualifying deposit and investment accounts.
    • Be a member of the military.
    • Have auto pay for your Chase first mortgage linked to your Premier Checking account.
  • Insufficient funds fees. You’ll incur a $34 fee for each debit card purchase that overdraws your account, with a maximum of three per day. However, this fee doesn’t apply if any of these conditions apply:
    • Your account balance at the end of the business day is overdrawn by $5 or less.
    • Your purchase was for $5 or less, even if your end-of-day balance is overdrawn.
    • You made an ATM withdrawal.
  • Extended overdraft fees. Each time your account is overdrawn at least five business days in a row, you’ll be charged a $15 fee.
  • Limited locations. Although Chase has nearly 5,000 branches, it only operates in 28 states and Washington, DC. However, the account is available online nationwide except in Alaska, Hawaii and Puerto Rico.

If you prefer a higher yield account, you’ll want to keep looking. As always, compare your options when looking for a checking account.

What states does Chase have branches?

  • Arizona
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Kentucky
  • Louisiana
  • Massachusetts

  • Michigan
  • Nevada
  • New Jersey
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Texas
  • Utah
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin

This account requires a minimum deposit of $0, which can be funded when you open your account online or at a branch.

Chase also offers a few other checking accounts:

  • Chase Total Checking. Chase’s most popular checking account comes with a $12 monthly service fee that is waived if you meet certain requirements, but it doesn’t earn interest.
  • Chase Sapphire Checking. This premium checking account has a high balance requirement to waive the $25 monthly service fee, but it has almost no other fees and earns interest at 0.01% APY.
  • Chase College Checking℠. This checking account is designed for college students and comes with a $6 monthly service fee that can be waived for up to five years while you’re in school.
  • Chase High School Checking. Geared toward students ages 13 to 17, this checking account helps develop responsible financial behavior in teenagers. Its $6 monthly service fee is waived if you meet certain requirements.

Yes. Chase also offers a range of business services, including:

  • Business checking accounts. Chase offers three business checking accounts to help you handle your financial cash flow. Their most recent checking account is the Chase Business Complete Banking℠ account.
  • Merchant services. Chase offers products that allow businesses to accept payments online, in store or on the go.
  • Business credit cards. Chase’s selection of business credit cards help companies cover expenses and earn rewards in the process.
  • Business lending. Lines of credit, term loans, SBA financing and more are available to help businesses finance large purchases and other operating expenses.

Checking account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.

Read the full methodology of how we rate checking accounts.

Does Chase Premier Checking have a minimum balance?

In order to open a Premier Plus Checking account you need to make a $25 Minimum Deposit. If you want to benefit from the $0 Monthly Service Fee, you must have an average daily balance of $15,000 or more in any combination of qualifying linked deposits/investments.

What is the monthly fee for Chase Premier Plus Checking?

$25 monthly service fee OR $0 with one of the following each monthly statement period: An average beginning day balance of $15,000 or more in any combination of this account and linked qualifying deposits/investments. OR have a linked qualifying Chase first mortgage enrolled in automatic payments from your Chase ...

What is the minimum balance Chase?

Chase Checking Minimum Balance: Chase Total Checking: Maintain a $1,500 average beginning day balance or maintain a $5,000 beginning daily average balance across all accounts. Chase College Checking: Maintain an average beginning day balance of $5,000.

Is Chase Premier Plus Checking good?

The bottom line: Chase Premier Plus Checking℠ is a good option if you have more accounts and/or a mortgage with Chase. You'll waive fees on other Chase accounts when you link them to this account.