Those who have been wanting to open a new checking account for all their spending money have a reason to act now.
Currently, new Chase checking customers can earn $100 when opening a *Chase Secure Banking℠ account. Account holders must complete 10 qualifying transactions, such as debit card purchases or direct deposits, within 60 days of opening an account. (Offer expires 10/15/2025).
Chase Secure Banking users can also find relief in knowing that they won't be charged any overdraft fees if they don't have enough money in their account to cover a purchase. They also get easy access to their funds with Chase's more than 15,000 ATMs and over 4,700 branches.
Here's what you need to know about Chase Secure Banking, from its APY, access to your cash, perks and fees.
Chase Secure Banking review
Chase Secure Banking℠
Monthly service fee
$4.95 or $0; Avoid the monthly service fee when you have qualifying electronic deposits made into the account totaling $250 or more during each monthly statement period.
Minimum deposit to open
No minimum deposit to open an account and get started plus no overdraft fees with a Chase debit card that helps you stay within your balance.
Minimum balance to open
$0
Annual Percentage Yield (APY)
N/A
Free ATM network
Bank from anywhere with access to more than 15,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase.com.
ATM fee reimbursement
None
Overdraft fee
No need to worry about overdraft fees - Chase Secure BankingSM allows you to spend only the money you have available.
Mobile check deposit
Yes
Terms apply.
JPMorgan Chase Bank, N.A. Member FDIC.
Pros
- Top-rated mobile app
- No minimum deposit to open an account
- New account holders can earn a $100 bonus with qualifying activities (Offer expires 10/15/2025)
Cons
- No APY
- No reimbursement for out-of-network ATM fees
Information about Chase Secure Banking℠ has been collected independently by CNBC Select and has not been reviewed or provided by the issuer of the card prior to publication.
Chase Secure Banking APY
Deposits won't earn interest with the Chase Secure Banking checking account. Many other checking accounts on our best no-fee checking account list offer up to .25% APY.
Access to your cash
Account holders can withdraw money daily at any ATM, including other bank's, or visit one of 4,700-plus Chase branches. Zelle® is also integrated into the Chase Mobile® app, so you can send and receive money to friends or family in minutes.
Debit card purchases are limited to $3,000 per day. ATM withdrawals have several restrictions, depending on the ATM:
- Chase in-branch ATM limit: $3,000
- Other Chase ATM limit: $1,000
- Non-Chase ATM limit: $500
Perks
The biggest perk right now with the Chase Secure Banking checking account is the $100 bonus that new users can take advantage of until. The bonus is earned after completing 10 qualifying transactions within 60 days of account opening. These eligible transactions include debit card purchases, online bill payments with Zelle®, Chase QuickDepositSM, or ACH credits.
Beyond just the welcome bonus, however, customers can always benefit from the below perks:
- Top-rated mobile app, with 4.8 out of 5 stars on the Apple® App Store.
- Zelle® is integrated directly into the Chase mobile app, allowing you to send and receive money within minutes.
- More than 15,000 Chase ATMs, allowing you to deposit or withdraw cash without fees.
- Mobile check deposit, allowing you to conveniently upload photos of checks and deposit them from within the Chase mobile app.
- Zero liability protection, allowing you to get reimbursed for unauthorized card transactions when reported promptly.
- Alerts, allowing you to stay aware of your balance and deposits.
Chase Credit Journey
Cost
Free
Credit bureaus monitored
Experian
Credit scoring model used
VantageScore
Dark web scan
Yes
Identity theft insurance
Yes, up to $1 million
Terms apply.
Fees
With Chase Secure Banking, there is a $4.95 monthly maintenance fee. There is no way to waive this cost, so you may want to look elsewhere for a no-fee checking account.
In addition to there being no minimum deposit amount to open an account, there are also no fees on most transactions you make every day. These include zero overdraft fees, zero fees to cash checks, zero fees to pay bills via Chase Online℠ Bill Pay and zero fees to send money using Zelle®.
Overdraft costs are standard checking account fees costing around $30 for each transaction, so not having them is a big plus. Instead, Chase will decline or return transactions when you do not have enough money in your account.
Account users can avoid the $3 to $5 out-of-network ATM fee by using one of Chase's more than 15,000 in-networks ATMs.
Bottom line
The Chase Secure Banking checking account gives you a chance to earn an extra $100, while helping you only spend what money you have with no overdraft charges. According to Chase's website, Secure Banking customers have reported saving an average of $50 per month on fees after opening their account.
Just be aware that you will have to pay a monthly $4.95 fee to maintain an account. These fees can add up over time and it may be worth looking for a checking account that does not levy a monthly maintenance fee.
Account holders also have the flexibility to bank online, with a top-rated mobile app and Zelle® access, as well as at 4,700-plus branches in 48 states.
Those looking for a welcome offer greater than $100, check out Select's roundup of the best checking account bonuses.
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*Information about Chase Secure Banking℠ has been collected independently by CNBC Select and has not been reviewed or provided by the issuer of the card prior to publication.
