CreditDonkey is a bank comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†





Updated December 5, 2019 6:30 PM PT

Chase College Checking Review

Read more about Chase
Editorial Note: This content is not provided by the card issuer. Opinions expressed here are author's alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer.
This article contains references to products from our partners. We receive compensation if you apply or shop through links in our content. You help support CreditDonkey by reading our website and using our links. (read more)

Chase College Checking account has no monthly service fee for students. But is there a catch? Read on to learn the details and see if it's right for you.

    Chase

    Chase College Checking℠

    • Enjoy $100 as a new Chase checking customer when you open a Chase College Checking℠ account, enroll in paperless statements and complete 10 qualifying transactions within 60 days of account opening.
    • Access to 16,000 Chase ATMs and nearly 5,000 branches
    • 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.
    • Deposit checks from virtually anywhere, anytime, just by taking a photo with the Chase Mobile® app.
    • Send and receive money in moments using Chase QuickPay® with Zelle®

Chase College Checking Pros & Cons

Chase is one of the biggest banks in the U.S. with a wide range of financial products and services.

First, let's quickly review the pros and cons of banking with Chase for college students.

Pros:

  • Access to 16,000 Chase ATMs and nearly 5,000 branches
  • $0 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.
  • Online and mobile banking from anywhere
  • Free online bill pay, mobile deposits, and text banking
  • Free savings account if linked for overdraft protection
  • 24/7 customer service with real reps
  • Highly rated Chase mobile app
  • Establish relationship history with Chase
  • FDIC insured up to $250,000

Cons

  • Not located in all states
  • No interest rate
  • No ATM fees reimbursement
  • No free checks

Chase Bank is located in these states:

  • Arizona
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Kentucky
  • Louisiana
  • Massachusetts
  • Michigan
  • Nevada
  • New Jersey
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Texas
  • Utah
  • Washington
  • West Virginia
  • Wisconsin

Read on for the full Chase College Checking review.

New Customer Promotions

    Chase

    Chase College Checking℠

    • Enjoy $100 as a new Chase checking customer when you open a Chase College Checking℠ account, enroll in paperless statements and complete 10 qualifying transactions within 60 days of account opening.
    • Access to 16,000 Chase ATMs and nearly 5,000 branches
    • 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.
    • Deposit checks from virtually anywhere, anytime, just by taking a photo with the Chase Mobile® app.
    • Send and receive money in moments using Chase QuickPay® with Zelle®

Monthly Service Fees

There are NO monthly fees for college students age 17–24 from time of account opening until expected graduation date. You can qualify for up to 5 years.

After the expected graduation date, the monthly maintenance fee is $6 and can be waived with ONE of the following actions:

  1. Make a direct deposit every monthly statement period.

  2. Maintain an average ending day balance of $5,000 or more.

This monthly fee is pretty easy to get waived, even after graduation. As long as you are employed and have one direct deposit per month, you can continue to use the checking account without a service fee.

After graduation, you can convert your College Checking account into a Chase Total Checking account. There is a higher maintenance fee, but you can waive it with either a $500 direct deposit every month OR by maintaining a $1,500 balance (which is actually less than the balance requirement for the College Checking).

Account Minimums

There are no minimum balance requirements for the Chase College Checking account during the time you're in school.

Account Features

Chase College Checking offers these account features and services:

  • Free Debit Card
    You get a free Visa debit card for purchases.

  • Direct Deposit
    Directly send paychecks into your account.

  • Chase QuickDeposit
    Deposit checks anywhere with the app by taking a photo with your phone.

  • Online Bill Pay
    Pay bills online or on the mobile app to thousands of billers.

  • QuickPay with Zelle
    Easily transfer money to family and friends with just their email or phone number. The other person doesn't need to use Chase, just as long as they sign up for Zelle through their own banks.

  • Text Banking
    Check balances and transaction history by simply texting.

  • Free Savings Account
    Chase offers a Chase Savings Account for no monthly fee when you link this account for Overdraft Protection.

  • Overdraft Protection
    This is available if you have a linked Chase Savings Account. Chase will transfer funds from your savings to help cover overdrafts. There is no fee for an Overdraft Protection transfer.

  • Paperless Statements
    See up to 7 years of statements online.

  • Account Alerts
    Set up alerts for account activity, such as for low balance, large transactions, and more.

Is Chase College Checking Good?

There's no downside to opening a College Checking account with Chase, since there's no monthly service fee or minimum balance requirements for students 17–24.

There are lots of physical branches and ATMs, so it's easy to access your money. It's especially convenient if you're going to school away from your hometown and need a bank with a wider presence.

College students can start managing their own day-to-day finances. This account will allow them to make purchases, get paychecks, and pay bills. The risk of getting into debt is low since you can only use funds you actually have in your account. Just be careful of overdrafts since the fees are high.

One of the biggest advantages of choosing Chase is that you can start building a relationship with Chase early. Chase is known for their extremely popular cash-back and travel reward credit cards, but approval may be a bit more stringent. With a college bank account, by the time you graduate and are ready for a better credit card, you'll already have a few years of history with Chase. This may give you some extra points when determining approval.

While Chase does not offer a student credit card, students with some credit history can apply for the Chase Freedom Unlimited. It makes for a great starter credit card as it has no annual fee and lower approval requirements.

Eligibility and How to Open an Account

Students age 17–24 can open a Chase College Checking account. You can apply before you officially start college as long as you have proof of student status.

You can apply for the Chase college checking account either in person at a branch or online.

Information Required:

  • Social Security number
  • Driver's license or state ID
  • Name and address
  • Date of birth
  • Phone number and email
  • Valid student ID or proof of enrollment/acceptance
  • College state and expected graduation date

After filling in the application, just make your first deposit and that's it. You must be a U.S. citizen or resident alien to open an account online.

Remember that you can also open a Chase Savings account at the same time. It'll have no maintenance fees as long as you link the College Checking account for overdraft protection.

If you are 17, you will need to open the account as a joint account with an adult.

How to Deposit or Withdraw Money

Chase makes depositing and withdrawing funds easy, so you can easily access your money when you need it. For checking accounts, you get unlimited transactions as long as you have the funds.

There are a number of online and in-person ways:

Depositing Money:

  • Direct deposits of paychecks.

  • Mobile deposit by taking photo of your check.

  • In person at a branch.

  • Deposit cash or checks at an ATM.

  • Electronic transfers from other bank accounts.

  • Receive money through QuickPay with Zelle.

Withdrawing Money:

  • Electronic transfer into another bank account.

  • In person at a branch.

  • At an ATM with your Chase debit card.

  • At an ATM by tapping your phone (at ATMs with cardless symbols).

  • Send money through QuickPay with Zelle.

Other Fees

Here are some other common bank fees you may encounter, including:

  • $2.50 for non-Chase ATM withdrawals in the U.S. and major territories.

  • $5.00 for international ATM withdrawals.

  • $34 for insufficient funds and returned items (max 3 per day).

  • $30 per stop request.

  • $5 for debit card replacement.

  • 3% foreign transaction fee.

  • $6 for paper statements.

Bottom Line

Chase College Checking a great product for college students. There is no maintenance fee for students 17–24, so you don't have anything to lose. It's great for those looking for a bank with a wider presence, lots of features, and easy on-the-go mobile banking.

Checking accounts help make managing your day to day spending a lot easier. And it's also helpful to establish a relationship with Chase early, so you are open to more possibilities later after graduation (such as better credit cards and loan rates).

Disclaimer: Opinions expressed here are author's alone. Please support CreditDonkey on our mission to help you make savvy decisions. Our free online service is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content.

Disclaimer: This content was first published on June 12, 2019. This content may have been updated on December 5, 2019. Information including rates, fees, terms and benefits may vary, be out of date, or not applicable to you. Information is provided without warranty. Please check the bank's website for updated information.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.

Editorial Note: This content is not provided by Chase. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Chase. This site may be compensated through the Advertiser's affiliate programs.

More from CreditDonkey:


Chase Bank Review


Checking Account Promotions


Checking vs Savings Account

Compare:

More Articles in Reviews


December
05
2019

Inbox Dollars

InboxDollars lets you earn cash for sitting on your couch playing games or watching videos. Sound too good to be true? Read this to learn how to get started.

    Top 5 Best Online Checking Accounts

    The best online checking accounts are free, have minimum fees, and even offer interest. Find the best high interest online checking accounts to consider.

    How to Make a Budget

    A budget will help you track your finances and reach your goals sooner. Here is a step-by-step on how to make a budget that works.

    How to Get Rid of Student Loans

    You can get rid of student loans faster with forgiveness programs, refinancing, and smart savings. Read on to learn more about your options.

    How Much Money Do You Need to Buy a House?

    Besides the down payment, there are many other fees that you may not have considered. Prepare yourself for all the costs of purchasing a home.

    How Much Should I Save?

    How much of my income should I save? Depends if it's for retirement, a house, college, a car or other goals. Find out how the 50/20/30 rule can help you.

    How to Save for a House

    Saving for a house down payment takes patience and discipline. Read on for smart tips on how to save enough money to buy a house and some mistakes to skip.

    How to Invest and Make Your Money Work for You

    So, you want to invest some of your money, but you have no idea how to start? No problem. This handy 10-step guide is loaded with useful resources to help you get started.

    How to Start Investing

    Want to invest in stocks or real estate? Beginners can start can start with as little as $100. Keep reading to learn how you can invest your money for the first time.

    How to Invest in Stocks with Little Money

    Think you don't have enough money to invest? You can start with as little as $5. Read our top ways to invest a little money and start earning now.

    Average Cost of Clothing Per Month Will Surprise You

    Spending $161 per month on clothing and services is average for adults. Middle-age adults spend about $50 more per month. They also make more money, so they have more to spend.

    Budgeting Statistics: By the Numbers

    Impulse purchases used to be limited to grabbing a candy bar at the checkout line or picking up a CD at the mall. Now, we can sit on the couch and order the latest iPad with just a click or even buy a movie and start watching it a second later.

    23 Really Creative Ways to Save Money

    You know you need to save money more but struggle to do it. You need some fresh ideas - 23 creative ways to get yourself to sock away more dough.

    Free Business Checking

    Hidden fees can pile up. Don't let your checking account be part of the problem. Find out which free business checking account is the best for you.

    23 Ways to Build Wealth in Your 20s

    Get in the habit of spending and saving wisely in your 20s and you'll be on solid footing when you're older. Use our tips for how you can build wealth, starting now. You can thank us later.

    10 Smart Ways to Save $1,000 a Month

    Many Americans prefer to save money rather than spend it. Of course, saying and doing are two different things. Learn 10 smart ways to save $1,000 a month here.

    Best Bank for Small Business

    The right bank account can make or break your business. Narrow down your options and find the best fit with our guide.

    What is a Routing Number on a Check

    If you're looking to transfer money using a bank, you'll likely need a routing number. So what is a routing number and how can you find yours? Read on for the answers.
    Shopping in Market! Market!

    23 Things Money-Smart College Students Do

    People go to college to learn new things and prepare themselves for a career. What they have trouble finding – if they bother looking at all – are the ground rules of personal finance. Those who figure out how to take control of their cash are better off once graduation rolls around and those student loans come due.

    Business Checking Account Promotions

    View the list of the current top business checking deals and promotions. Earn cash bonuses for opening a new account.

    Average Net Worth by Age

    The average American has a net worth of $80,000. Is that enough for retirement? Read on for answers to this and other pressing questions about net worth.
More Articles in Reviews








About CreditDonkey®
CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.