Chase Bank Rates for 2023 – Here's What to Expect (2023)

Chase Bank Rates for 2023 – Here's What to Expect (1)

Chase Bank is one of the most recognized names in the banking industry. Its presence – both in branches and at ATMs – is as large as its customer base, with 16,000 ATMs and 4,700 branches across the country. At the top of this huge range, they are also approx.4 trillion dollars(yes, with T) into assets.

While a bank of this size has a lot to offer in terms of affordability, it's no secret that the institution's most popular accounts and banking products often come with fees.

These fees usually include:

  • overdraft fees,
  • monthly maintenance fees,
  • checking account fees,
  • bank transfer fees and
  • ATM fees for non-useChasemachine (not to mention what the ATM owner charges)

While monthly maintenance fees may be waived on most accounts, some of the other fees may be unavoidable.

Below is a full breakdown of all the fees you can expect to pay with Chase Bank's most popular accounts and how to waive them (if possible).

The Chase Secure Banking account is considered the middle tier of Chase's checking account options. The big difference of this account is that it has a fixed amount$4.95/monthservice fee thatI can'tresign. In return, the account does not charge overdraft fees. If you overdraft your account, they will simply decline or refund the transaction.

Rates by type

Typerates
Monthly maintenanceUS$ 4,95(can't spare)
minimum depositUS$ 25
CreditNobody
card replacementShipping 3 to 5 working days.Urgent payment $5.
external transaction3%
ATM (off-network, residential)3,00$(plus what the ATM owner charges)
ATM (off-network, international)US$ 5,00
Cabo (inlet, residential)US$ 15(free if from Chase)
Wire (outgoing, home)US$ 25($35 if done with a banker)
Wired (inbound, international)US$ 15(free if from Chase)
Wired (outgoing, international)US$ 50if done with a banker.
US$ 40
if it is done online or with a mobile app and the money is sent in US Dollars.
US$ 50,00
if it's done online or with a mobile app and the money is sent in a foreign currency.
0,00$
if done online or with a mobile app and the money is sent in a foreign currency AND the amount is more than US$5,000.
Stop payment with customer supportUS$ 30
Online or automated telephone outage paymentUS$ 25
Returned item or checkUS$ 12
Money orderBook
cash counterBook

The Chase Total Checking account is the most basic checking account option. It comes with a required minimum deposit of $25 and heavy$12 monthly feewhich can be canceled by doing one of the following:

  • Direct deposit of a total of $500 or more into this account
  • Or a balance at the beginning of each day of $1,500 or more in that account
  • Or an average opening day balance of $5,000 or more on any combination of that account and linked eligible deposits or investments.

Below is a complete list of fees to be aware of if you open a Chase Total Checking account.

Rates by type

Typerates
Monthly maintenanceUS$ 12(can be waived)
minimum depositUS$ 25
CreditUS$ 34
card replacementShipping 3 to 5 working days.Urgent payment $5.
external transaction3%
ATM (off-network, residential)3,00$(plus what the ATM owner charges)
ATM (off-network, international)US$ 5,00(plus what the ATM owner charges)
Cabo (inlet, residential)US$ 15(free if from Chase)
Wire (outgoing, home)US$ 25($35 if done with a banker)
Wired (inbound, international)US$ 15(free if from Chase)
Wired (outgoing, international)US$ 50if done with a banker.
US$ 40if it is done online or with a mobile app and the money is sent in US Dollars.
US$ 5,00if it's done online or with a mobile app and the money is sent in a foreign currency.
0,00$if done online or with a mobile app and the money is sent in a foreign currency AND the amount is more than US$5,000.
Stop payment with customer supportUS$ 30
Online or automated telephone outage paymentUS$ 25
Returned item or checkUS$ 12
Money orderUS$ 5,00
cash counter8,00$

Of course, you'll also have to pay for things like checks or paper statements ($6 per statement) if you want to get those, but Chase Bank has a robust online banking platform and native apps on iOS and Android that you'll have. . broad access to all your account information at no cost.

The Chase Premier Plus checking account is the top tier of Chase checking account options. It comes with interest (although the typical rate is just 0.01% APY right now) and they waive fees for bounced checks, money orders, and bank checks.

It comes with even heavier$25 monthly maintenance feewhich can be canceled by doing one of the following:

  • An average opening day balance of $15,000 or more in any combination of this account and linked eligible deposits or investments
  • OR you have an eligible Chase linked first mortgage enrolled in automatic payments from your Chase account

If you are unable to meet the above two qualifications, Chase will also allow you to waive the $25 monthly fee by connecting:

  • Up to two additional Chase personal checking accounts (excluding Chase Sapphire, Checking and Chase Private Client Checking)
  • Chase Personal Savings Accounts, excluding Chase Private Client Savings
  • Carta(s) Liquid Chase

Below is a complete list of fees to be aware of if you open a Chase Premier Plus checking account.

Rates by type

Typerates
Monthly maintenanceUS$ 25(can be waived)
Starting balance of the dayUS$ 15.000to avoid a $25 charge
CreditUS$ 34
card replacementShipping 3 to 5 working days.Urgent payment $5.
external transaction3%
ATM (off-network, residential)3,00$(plus what the ATM owner charges)
ATM (off-network, international)US$ 5,00
Cabo (inlet, residential)US$ 15(free if from Chase)
Wire (outgoing, home)US$ 25($35 if done with a banker)
Wired (inbound, international)US$ 15(free if from Chase)
Wired (outgoing, international)US$ 0 – US$ 50
Stop payment with customer supportUS$ 30
Online or automated telephone outage paymentUS$ 25
Returned item or checkUS$ 12
Money orderBook
cash counterBook

Chase's newest checking account, Chase Sapphire Checking, is also its most elite account. Requires an average opening day balance of $75,000 in Chase linked deposit accounts including checking, savings, CD (certificate of deposit) and retirement accounts to avoid the $25 monthly maintenance fee.

If you manage to keep the balance requirement high, you'll also be rewarded with minimal fees - including free transfer fees and free off-network ATM fees, as well as cashback. See below for details.

billing by type

Typerates
Monthly maintenanceUS$ 25(can be waived)
Starting balance of the dayUS$ 75.000to avoid a $25 charge
CreditUS$ 0during the first 4 working days.to know more.
external transaction0%
ATM (off-network, residential)Book
ATM (off-network, international)Bookplus compensation for third-party fees
Cabo (inlet, residential)US$ 0(free if from Chase)
Wire (outgoing, home)US$ 0($35 if done with a banker)
Wired (inbound, international)US$ 0(free if from Chase)
Wired (outgoing, international)US$ 0
Money orderBook
cash counterBook

Chase Bank currently offers two different savings accounts - Thechase savingseChase Premier Savings. Both accounts come with waived monthly fees.

The Chase Savings Account comes with a$5 monthly maintenance feeunless one of the following conditions applies:

  • you are under 18 years old
  • you maintain at least a minimum daily balance of $300
  • You have set up at least one automatic recurring $25 transfer from a Chase checking account
  • link your savings to a Chase Premier Plus Checking, Chase Premier Platinum Checking or Chase Private Client Checking account

The Chase Premier Savings account comes with a$25 monthly maintenance feeunless one of the following conditions applies:

  • maintain a minimum daily balance of $15,000
  • link a Chase Premier Plus Checking or Chase Sapphire Checking account

All additional miscellaneous charges in the table(s) above apply to both Chase Savings Accounts.

You won't earn much in the way of interest on any of the savings accounts currently offered by Chase Bank.Current fees vary between just 0.01% and 0.02% APYdepending on your relationship with the bank. In other words, how many accounts you have and your balances on each one.

Most major banks in the country have checking accounts with monthly maintenance fees, which can be waived if they meet certain basic criteria. Chase is no different, with monthly maintenance fees ranging from $4.95 to $25.

The 3 different ways to waive Chase maintenance fees are:

  • Maintain the required minimum balance requirement. This ranges from $300 to $75,000 depending on the checking account you open with Chase Sapphire Checking requiring $75,000.
  • Set up the appropriate direct deposit. Chase Total Checking requires $500 per transaction cycle to waive the monthly maintenance fee.
  • Link other Chase accounts. These vary by account, but may include mortgage, credit card, and/or business accounts.

How Chase's monthly maintenance fees compare to other banks

Take a look at the table below to see how Chase Bank's monthly maintenance fees compare to the same fees as other popular banks and checking account products.

BancoMonthly maintenance fees
the bank of america$ 4,95, $ 12 e $ 25
Citibank$ 10, $ 12, $ 25, $ 30
Wells FargoUS$ 5, US$ 10, US$ 25, US$ 35
Banco Chase$ 4,95, $ 12 e $ 25

The easiest and most obvious way to avoid Chase overdraft fees is to maintain your daily balance. You can download the app and check your balance on the go before shopping or withdrawing money.

Another option is to hire the overdraft. This will require you to also open a Chase Savings Account. The savings account will then be used to cover any overdraft charges from your bank account.

Keep in mind that Chase overdraft fees are $34 each, with a maximum of 3 charges per day.

Use one of Chase Bank's 16,000 ATMs worldwide to avoid all ATM fees, no matter what Chase checking account you have.Find Chase ATMs here.

If you cannot use a Chase ATM but need cash, Chase may charge $3.00 for each off-network withdrawal, but this depends on the checking account you have.

If you have the most basic accounts – Chase Secure Banking and Chase Total Checking – Chase will charge $3.00 each for each off-network withdrawal.

If you have the Chase Premier Plus checking account, Chase will not charge you for the first 4 off-network ATM uses per transaction cycle. Any withdrawals made beyond 4 during this period will incur a $3.00 Chase out-of-network fee.

If you have the Chase Sapphire checking account (the most elite checking account Chase offers), not only will Chase never charge you for using an out-of-network ATM, it will also reimburse you for all third-party ATM fees.

📌 rememberThese are ATM fees outside the Chase Bank network only. The third-party ATMs you use will also have their own fees associated with each withdrawal you make.

The easiest way to transfer money without incurring Chase fees is to avoid using wire transfers. Chase online banking supports Zelle for personal and business use, so you can request money and make payments without paying fees. Bank checks and money orders are also free for all Chase checking account holders.

References

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