Nepalese – Best Bank For You in the United States


Are you searching for a bank to open an account in the United States? OR trying to figure out which one should be best? If so here we have written a detailed review of Chase Bank with its various offers to new customers. We have also provided both the pros and cons of creating an account in this bank. For now, it’s one of the best to open a bank account in the United States.

Chase Bank – Best Option for You

1.  Largest Bank, Largest assets

If you reside in the US, you may have heard the name Chase Bank. Chase Bank is one of the largest banks in the United States which serves nearly half of America’s households. There are various financial services provided by Chase Bank which include personal banking, mortgages, credit cards, investment advice, auto financing, small business loans, and payment processing. Its headquarter is located in New York City

chase bankThe Chase Bank is a subsidiary of the JPMorgan Chase, a multinational banking and financial services holding company. In terms of assets, the JPMorgan Chase Bank of the United States ranks at the top in the US and at the sixth position in the whole world.

The total assets of Chase Bank are around US$ 2.73 trillion. In terms of market capitalization, Chase Bank is also the most valuable bank in the world.

JP Morgan Chase Bank has reached up to this stage after various mergers and acquisitions with a history of more than 200 years. Chase and its subsidiaries have operated under various names including Chase National Bank, Chase Manhattan Bank, Chemical Bank, J.P. Morgan & Co., Bank One Corporation, and Washington Mutual, among others.

JP Morgan Chase Bank is considered as a Universal Bank as well as a custodian bank. In 2019, there is 257,444 number of employees working in the JP Morgan Chase and Company. JPMorgan Chase Bank’s oldest predecessor institution is the Bank of the Manhattan Company. The Bank of Manhattan company was the third oldest banking corporation in the United States. It was also the 31st oldest bank in the world which was established on September 1st, 1799, more than 200 years ago.

2. Everywhere branches and ATMs

Chase Bank is available in 38 States in the United States with branches and ATM services. As no banks are currently available in all the States of the US. But Chase bank offers more than 1600 Chase ATMs and more than 5000 branches all over the United States.

The ATMs of Chase Bank offer various services which are not limited to withdrawal only. You can also pay your Credit Cards bill using the ATMs. And to withdraw from Chase Bank ATMs you do not require to have a Debit Card, you can also use your Mobile Wallet to withdraw money from Chase Bank’s ATM.

The feature of Cardless ATM provided by Cash Bank allows customers to access Chase ATMs using an eligible Chase debit or Liquid card which has been loaded into an Apple Pay, Google Pay or Samsung Pay mobile wallet. After you have successfully loaded your card into your mobile wallet, you do not require to have your physical card to make transactions at Chase ATMs.

Cardless ATMs are available in those ATMs of Chase Bank where Cardless symbol is shown. Chase Bank’s ATMs also allow the Checks and cash deposit virtually at any ATM of Chase Bank 24/7. The Chase bank offers various other services such as Online Banking, Mobile banking, debit cards, etc.

3. Free Checking and Saving Account Offers

All offers provided below are valid up to January 2020 but don’t worry, they keep extending the offers from time to time.

  • Chase Total Checking®: $200 bonus

Minimum to Open: $0

Monthly Fees: $12 or $0

Monthly Fee Waiver: When you have $1,500 daily balance or $500 direct deposit or keeping a daily average balance of $5,000 in your Chase Total Checking® and qualifying linked Chase bank accounts

Non-Network ATM Fee: $2.50

Daily ATM Limit: $500

Rules to get it:

  • When you open a Chase Total Checking® account online or in-person using a coupon emailed to you through the promotional offers.
  • You need to have a qualifying direct deposit into your bank’s account within 60 days.
  • The account must remain open for six months.

You will receive it: Within 10 business days of completing requirements.

Expiration date: Jan 21, 2020

  • Chase Premier Plus Checking℠: $300 bonus

Minimum to Open: $0

Monthly Fees: $25

Monthly Fee Waiver: When you have $15,000 daily balance or automatic payments on a linked Chase mortgage

Non-Network ATM Fee: $0 for first 4 transactions per month, then $2.50

APY: 0.01%

Rules to get it:

  • When you open a Chase Premier Plus Checking℠ account online or in-person using a coupon emailed to you through the promotion page.
  • Have a qualifying direct deposit within 60 days.
  • The account must remain open for six months.

You will receive it: Within 10 business days of completing requirements

Expiration date: Jan 21, 2020

  • Chase Sapphire Checking Banking℠: $1,000 bonus

Minimum to Open: $0

Monthly Fees: $25

Monthly Fee Waiver: When you have a $75,000 average beginning day balance

Non-Network ATM Fee: $0

APY: 0.01%

The minimum deposit to qualify: $75,000 to qualify for the bonus

Rules to get it:

  • When you open or upgrade to a Chase Sapphire Banking℠ account online or in a branch.
  • Deposit at least $75,000 in qualifying new money or securities into eligible checking, savings and investment accounts within 45 days.
  • You must maintain the balance for at least 90 days.

Expiration date: Jan 17, 2020

  • Chase College Checking℠: $100 bonus

Minimum to Open: $0

Monthly Fees: $6

Monthly Fee Waiver: No Monthly Service Fee for up to 5 years if you’re a student between the ages of 17-24 at account opening with proof of student status.

Non-Network ATM Fee: $2.50

Daily ATM Limit: $500

Rules to get it:

  • When you open a Chase College Checking℠ account on the promotional page or in a branch with the coupon emailed to you through the page.
  • You can also text “Campus” to 24222 to receive your coupon.
  • Opt for paperless statements and complete 10 qualifying transactions (including debit card purchases, online bill payments, and direct deposits) within 60 days of opening your account.

Expiration date: Jan 11, 2020

  • Chase Private Client℠: $2,000 bonus

Rules to get it:

  • You must meet with a Chase Private Client Banker to upgrade your existing Chase account to a Chase Private Client℠ account. Then, transfer at least $250,000 in new money or securities to a combination of eligible personal checking, savings and/or J.P. Morgan investment accounts (excludes any You Invest℠, J.P. Morgan retirement accounts, and CDs).
  • You must do that within 45 days and maintain the balance for at least 90 days.

To Qualify: New money has to be transferred from non-Chase or J.P. Morgan accounts and it shouldn’t be funds or securities held by Chase or its affiliates.

Monthly Fee: None

  • Chase Savings℠: $150 bonus

APY: 0.01%

Minimum Balance for APY: $0

Monthly Fees: $5

Fee Waiver: When you have $300 daily minimum amount of $25 repeating automatic transfer from Chase checking account

The minimum deposit to qualify: $10,000 to qualify for the bonus; Minimum to open: $0

Rules to get it:

  • You have to open a Chase Savings℠ account online or in-person using a coupon emailed to you through the promotion page.
  • You have to fund your account with at least $10,000 in new money within 20 business days.
  • Maintain a balance of at least $10,000 for 90 days.
  • The account must remain open for six months.

You will receive it: Within 10 business days of completing requirements.

Expiration date: Jan 21, 2020.

Check also: Send Money to Nepal – Get $25 Cash Back

4. Chase Bank $500 Cash Back offer  

Chase Bank is also providing ‘refer a friend’ bonus to its existing customers when customers refer Chase bank to their friends and family. The referral will earn $50 when a friend opens a qualifying Chase bank account either Chase Savings or Chase Total Checking account. They can earn up to $500 per year by referring up to 10 new customers each year.

You will get $50 for each friend and your friend also will get rewarded too when they open an eligible new Chase account by completing qualifying activities.

5. Chase Bank Pros and Cons

Pros:

  • It is one of America’s largest banks
  • Largest bank presence in the US with a huge number of branches and ATMs all over the United States
  • You can create any accounts that cater to nearly any banking need
  • Credit cards offer easy-to-learn rewards
  • Competitive mortgage rates
  • Sign-up bonuses for new customers
  • The monthly fee on a basic checking account is easy to avoid.
  • Checking and savings bonus offers

Cons:

  • There are high monthly fees and low-interest rates on checking accounts.
  • $2.50 fee at non-Chase ATMs in the U.S
  • 01% APY on Chase Savings℠
  • Branches and Chase ATMs are not available in all the States of the US
  • Not much help for people living far from major cities
  • High fees on most accounts in comparison to online banks
  • Low-interest rates on checking and savings account
  • Low CD interest rates

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