Chase Secure Banking is designed for customers looking for a straightforward and secure way to manage their finances. This account offers a range of features focused on accessibility and avoiding common banking fees, all while providing the security and convenience expected from a leading financial institution like Chase. Let’s explore the key benefits and features of Chase Secure Banking.
Key Features of Chase Secure Banking
Chase Secure Banking distinguishes itself with several customer-friendly features, most notably its approach to fees and its integration with digital banking tools.
Access Your Direct Deposit Funds Sooner
One of the standout benefits of Chase Secure Banking is the early direct deposit feature.1 If you set up direct deposit to your Chase Secure Banking account, you could access your eligible funds up to two business days earlier than your usual payday. This service ensures quicker access to your money, whether it’s your paycheck, government benefits, or other eligible ACH credit transactions. The exact timing depends on when the payer submits the deposit information, but it provides a significant advantage for managing your cash flow.
Say Goodbye to Overdraft Fees
Overdraft fees can be a significant pain point for many bank customers. Chase Secure Banking addresses this by not charging overdraft fees.2 While Chase will decline or return transactions if you don’t have sufficient funds, you won’t be penalized with an overdraft fee. It’s important to note that a negative balance is still possible in certain situations, such as when a final transaction amount exceeds the initially approved amount (like adding a tip after a meal purchase). However, the elimination of overdraft fees provides peace of mind and helps you avoid unexpected charges.
Waiving the Monthly Service Fee
Chase Secure Banking can also be free of monthly service fees.4 The standard monthly service fee is $4.95, but this can be easily waived by making electronic deposits totaling $250 or more into the account each statement period. Eligible electronic deposits include direct deposits from payroll providers or government benefit providers via ACH, Real Time Payment, FedNowSM network, or even third-party services that facilitate payments to your debit card using Visa® or Mastercard® networks. For new accounts, the monthly service fee is waived for at least the first two statement periods, giving you time to set up direct deposits and ensure you meet the requirements for ongoing fee waiver.3
Banking on the Go with the Chase Mobile App
In today’s digital age, mobile banking is essential. Chase provides a highly-rated mobile banking experience through the Chase Mobile® app.5 This app allows you to manage your account, deposit checks remotely, pay bills,9 send money with Zelle®,7 and much more, all from your smartphone. Mobile check deposits are convenient, though deposit limits and fund availability timelines apply. The app is available for select mobile devices, and using it may incur message and data rates from your mobile carrier.14
Zelle® Integration for Easy Money Transfers
Chase Secure Banking seamlessly integrates with Zelle®, a fast and convenient digital payment network.7 With Zelle® through the Chase Mobile app or Chase OnlineSM, you can quickly send and receive money with people you know and trust who have U.S. bank accounts. Funds are typically available within minutes once the recipient is enrolled with Zelle®. It’s important to remember that Zelle® is best for sending money to people you know and is not designed for purchasing goods from online marketplaces where you may not know the seller.
Manage Bills Online with Chase Online Bill Pay
Paying bills is simplified with Chase Online Bill Pay.9 This feature, accessible through Chase OnlineSM Banking, allows you to manage and pay your bills in one secure place. While some restrictions and limitations apply, it provides a convenient alternative to writing checks and mailing payments.
Additional Tools for Financial Management
Chase Secure Banking also provides access to helpful financial management tools. For instance, Chase offers resources to help you understand and potentially improve your credit score.11 It’s important to note that these resources are for educational purposes and don’t guarantee credit score improvement, as various factors influence your credit score. Chase also provides budgeting tools to track your spending within your Chase accounts, helping you stay on top of your finances.13
Security and Protection
Security is paramount when it comes to banking. Chase Secure Banking includes features like Zero Liability Protection for unauthorized debit card transactions when reported promptly.12 This protection gives you confidence knowing you won’t be held responsible for fraudulent charges on your account, provided you report them in a timely manner. Additionally, you can set up account alerts to stay informed about your account activity.14
Is Chase Secure Banking Right for You?
Chase Secure Banking is well-suited for individuals who are looking for a straightforward, low-fee checking account with robust digital banking capabilities. It’s particularly attractive for those who want to avoid overdraft fees and monthly service fees, and who value the convenience of mobile banking and early access to direct deposits. If you prioritize digital banking, fee-free access with direct deposit, and the security of a large bank, Chase Secure Banking is a strong contender.
Disclaimer: Product terms, fees, and features are subject to change. For the most up-to-date information, please visit chase.com/checking or consult a Chase banker.
References
1 For Chase Secure CheckingSM only: Early direct deposit is a service that comes with your Chase Secure Checking account in which we credit your eligible direct deposit transaction up to two business days early. You must set up direct deposit to your account. The timing of when these transactions will be credited is based on when the payer submits the information to us. This means when these transactions are credited could vary and you may not receive your funds early. Eligible transactions are certain ACH credit transactions such as payroll, government benefits or similar transactions.
2 We will decline or return transactions when you do not have enough money in your account to cover the charge. However, you could still end up with a negative balance if, for example, a transaction is approved for one amount, but then the actual charge is more than what you have in your account (like when you add a tip at a restaurant after the transaction for the meal was already approved). Even if you have a negative balance, we will not charge you an overdraft fee.
3 New and converted accounts will not be charged a Monthly Service Fee for at least the first two statement periods. After that the Monthly Service Fee will apply unless you meet one of the ways to avoid the Monthly Service Fee each statement period (if applicable).
4 Service Fee: Chase Secure Checking has no Monthly Service Fee when you have electronic deposits made into this account totaling $250 or more, such as payments from payroll providers or government benefit providers, by using (i) the ACH network, (ii) the Real Time Payment or FedNowSM network, or (iii) third party services that facilitate payments to your debit card using the Visa® or Mastercard® network. Otherwise a $4.95 Monthly Service Fee will apply. New and converted accounts will not be charged a Monthly Service Fee for at least the first two statement periods. After that, the Monthly Service Fee will apply unless you meet one of the ways to avoid the Monthly Service Fee each statement period (if applicable).
5 Chase Mobile® app is available for select mobile devices. Enroll in Chase OnlineSM or on the Chase Mobile app. Deposits made through the Chase Mobile app are subject to deposit limits and funds are typically available by next business day. Deposit limits may change at any time. Other restrictions apply. See chase.com/QuickDeposit or the Chase Mobile app for eligible mobile devices, limitations, terms, conditions and details. Message and data rates may apply.
7 Enrollment in Zelle® with a U.S. checking or savings account is required to use the service. Chase customers must use an eligible Chase consumer or business checking account, which may have its own account fees. Consult your account agreement. To send money to or receive money from a small business, both parties must be enrolled with Zelle® directly through their financial institution’s online or mobile app experience. Funds are typically made available in minutes when the recipient’s email address or U.S. mobile number is already enrolled with Zelle® (go to enroll.zellepay.com to view participating banks). Select transactions could take up to 3 business days. Enroll on the Chase Mobile® app or Chase OnlineSM. Limitations may apply. Message and data rates may apply.
9 Chase Online Bill Pay: Must enroll in Chase OnlineSM Banking and activate Online Bill Pay. Certain restrictions and limitations may apply.
11 This score improvement resource does not guarantee you will reach your credit score goal even if you complete the recommended actions, as there are other factors that may impact your VantageScore. This resource should be used for educational purposes only. There are various types of credit scores that lenders can access to make a lending decision. The credit score you receive is based on the VantageScore® 3.0 model and may not be the credit score model used by your lender or by Chase. You should carefully consider your needs and objectives before making any decisions, and consult the appropriate professional(s).
12 Special Provisions for Card Transactions (Zero Liability Protection): Chase will reimburse unauthorized debit card transactions when reported promptly. Certain limitations apply. See Deposit Account Agreement for details.
13 Budget is meant to help you track and manage your spending, and is based on posted transactions within your Chase accounts. You will need at least one Chase checking account and one Chase credit card (some partner debit and credit cards may not be available) to take advantage of this tool. It may not include all your financial activity, such as other sources of income or external transactions. The numbers we provide are updated throughout the day, but are subject to adjustment and correction; consider your full financial picture when making decisions.
14 Account Alerts: There’s no charge from Chase, but message and data rates may apply. Delivery of alerts may be delayed for various reasons, including service outages affecting your phone, wireless or internet provider; technology failures; and system capacity limitations. Any time you review your balance, keep in mind it may not reflect all transactions including recent debit card transactions.
