Chase Sapphire Banking Review
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What is
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Note: The information for the Chase Sapphire Checking has been collected independently by CreditDonkey. The details on this page have not been reviewed or provided by the bank.
Top Promotion
Chase's Sapphire Banking has replaced its Premier Platinum checking account. Keep reading to see what the new Chase Sapphire Banking checking account offers.
Benefits
Here's what Chase Sapphire Banking offers:
Bonus
Here's how to claim the bonus:
- Open a
Chase Sapphire Banking Account . - Transfer $75,000 of qualifying new money to any combination of eligible accounts within 45 days.
- Maintain a $75,000 balance for at least 90 days from the date of funding (gains, losses, or market fluctuations will not be considered when determining your balance).
- Bonus is credited to your account within 45 days after balance has been maintained.
No ATM Fees Worldwide
Chase won't charge you for using their ATMs and you'll be automatically refunded for ATM fees charged elsewhere.
No Foreign Transaction Fees
You won't rack up fees when using your Sapphire Banking debit card abroad.
No Insufficient Funds or Returned Items Fees
You won't be charged for insufficient or returned funds (up to four times in a 12-month period).
No Wire Transfer Fees
Chase will cover the costs associated with incoming and outgoing wire transfers when you use their Sapphire Banking.
Commission-Free Online Stock and ETF Trades
Chase Sapphire Banking qualifies you for the Premier Pricing tier on J.P. Morgan's You Invest platform. You'll receive unlimited commission-free online stock and ETF trades (other regulatory transaction fees may apply).
Why We Like Sapphire Banking
Here are several reasons to sign up for Chase Sapphire Banking:
Premier Relationship Rates
Chase Sapphire Banking can boost your interest rates on linked savings accounts. To qualify, you must make at least 5 customer-initiated transactions during a monthly statement period using your linked checking account.
Entertainment Benefits
You'll have special access to sports and entertainment hospitality lounges. You can also take advantage of early ticket sales and special seating at sporting or other entertainment events.
Higher Withdrawal Limits and Purchase Limits
Your Sapphire Banking Debit Card will have a higher daily withdrawal limit at ATMs. Plus, the daily purchase limits are higher.
Reasons to Look Elsewhere
Steep Bonus Requirements
It's not always sensible to move $75,000 into a new bank, even if you have the funds available. You could give up better interest rates or incur fees for closing certain accounts.
High Minimum Balance Requirement
If you let your combined linked account balance (on qualified accounts) drop below $75,000, you'll pay a monthly maintenance fee of $25.
Low APY
You can find a checking account with a higher yield than Chase.
How to Waive Monthly Service Fee
The Sapphire Banking accounts has a $25 monthly service fee. The charge is waived if you maintain an average beginning day balance of $75,000 across a combination of qualifying deposit and investment accounts.
Qualifying accounts can include up to 9 personal accounts, including:
- Chase savings accounts
- Chase liquid cards
Is Chase Sapphire Worth It?
While Chase Sapphire Banking has several great perks, keeping a large sum of money in a low-interest account usually isn't a great idea.
But the entire $75,000 doesn't have to be housed in the checking account in order to qualify for Chase's Sapphire Banking. You can spread that cash around to qualifying accounts which will earn a higher interest rate than the checking account.
If you can make use of those products, and they have competitive earnings, then you can benefit from what Chase Sapphire Banking has to offer.
Chase Sapphire Banking vs Private Client
Chase Private Client (CPC) is the elite banking tier. You get personalized service including:
- a private banker
- a private investment advisor
- dedicated loan advisors
- discounted rates for home and auto loans
- business banking guidance
CPC is for very high net worth individuals who want an all-inclusive banking and investment experience. You won't get this level of personalized service with Sapphire Checking, but the minimum balance requirement is also a lot lower.
If you do have $150,000+ to deposit, read our in-depth review to see if Chase Private Client is worth it.
How to Open an Account
The application process is different based on whether you already have a Chase checking account or are completely new to Chase.
Exisiting Chase Customers:
- You'll enter your email address to receive an upgrade code.
- Bring that upgrade code to a branch in order to be upgraded.
New Chase Checking Customers:
- You can
open an account online . - Answer general personal questions like date of birth, Social Security number, address, etc.
- Or, visit a local branch to have a banker assist you with opening your new account.
How Chase Sapphire Banking Compares
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Read on to learn some of the other checking options available right now.
Chase
Chase Total Checking® - $200 Bonus
- New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account and set up direct deposit
- Access to more than 15,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Chase Secure Banking℠ - $100 Bonus
- New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
- Set up direct deposit and you may get your money up to two business days early-exclusively for Chase Secure Banking℠ customers.
- No minimum deposit to open an account and get started.
- No overdraft fees with a Chase debit card that helps you stay within your balance.
- Chase Secure Banking℠ customers told us they save an average of $50 a month on fees after opening their account.
- JPMorgan Chase Bank, N.A. Member FDIC.
- Pay bills, cash checks and send money with Zelle® all for a $4.95 monthly service fee.
- Bank from anywhere with access to more than 15,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase Online℠.
Chase Business Complete Banking® - $300 Bonus
- Earn $300 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
- Multiple ways to waive the Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink® Business credit card.
- Full-service business banking. Convenient access to all your business banking services in one place -- lending, checking, credit card and payment solutions.
- Your choice of payment types. Choose from a full range of options for accepting payments and making deposits that include Zelle®, Online Bill Pay, wire transfers and ACH payments.
- Convenient access to payment processing. Process all major debit and credit cards with QuickAccept®. It's a built-in feature with your Business Complete Checking account.
- Helping you save money. Multiple ways to waive service fees and unlimited digital transactions helps you keep more of your money.
- Full-featured banking online and on-the-go. Manage your business' finances on your terms with the latest online and mobile banking technology.
- Trusted and secure financial partner. We're committed to helping you grow and protect your business.
Chase College Checking℠ - $100 Bonus
- Enjoy $100 as a new Chase checking customer when you open a Chase College Checking℠ account and complete 10 qualifying transactions within 60 days of coupon enrollment.
- 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.
- Students ages 18-24 with a Social Security Number can open an account online or at a Chase branch. Students with no Social Security number or who are 17-year-olds can only open an account at a branch.
- Keep track of your money in the Chase Mobile® app. The app helps you manage your money.
- Zelle® is available in more than 1,000 banking apps in the U.S. So you can send and receive money from almost anyone you know and trust who has a bank account in the U.S.
- Access to more than 15,000 Chase ATMs and more than 4,700 branches.
- JPMorgan Chase Bank, N.A. Member FDIC
- Chase Overdraft Assist℠ - no overdraft fee if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Chase Private Client - $3,000 Bonus
- You're eligible for up to a $3,000 bonus when you open a new Chase Private Client Checking℠ account with qualifying activities.
- Speak with a Private Client Banker to open your Chase Private Client Checking account today. Schedule your meeting at your nearest branch or over the phone.
- Priority service for everyday banking. Receive personalized attention from a dedicated Chase Private Client Banker who is ready to help you.
- Earn $1,000 when you deposit $150,000 or earn $2,000 when you deposit $250,000 or earn $3,000 when you deposit $500,000
- No ATM fees worldwide.
- No Chase fee on incoming or outgoing wire transfers; can be completed online or over the phone.
- Experience a financial relationship that brings you more.
- Deposit products provided by JPMorgan Chase Bank, N.A. Member FDIC. Deposit products are FDIC insured up to the maximum amount allowed by law.
Chase First Banking℠
Chase First Banking is a debit card for kids age 6-17 with $0 monthly service fee. You must be an existing Chase checking customer to open a Chase First Banking account.
The information for the Chase First Banking has been collected independently by CreditDonkey. The details on this page have not been reviewed or provided by the bank.
Chase High School Checking℠
There is no monthly service fee for students 13-17 at account opening with their parent/guardian as a co-owner and the account linked to the parent/guardian's eligible personal checking account.
The information for the Chase High School Checking has been collected independently by CreditDonkey. The details on this page have not been reviewed or provided by the bank.
Bank of America
Bank of America Business Advantage Checking Account - $200 Bonus Offer
- Open a new eligible business checking account by December 31, 2023
- Make Qualifying Deposits* of $5,000 or more in new money within 30 days of opening the new eligible business checking account
- Maintain an average balance of $5,000 for the next 60 days (day 31-90) during the maintenance period**
**The maintenance period begins thirty-one (31) days after account opening and ends ninety (90) calendar days after account opening.
Member FDIC
Bank of America Advantage Banking - $200 Bonus Offer
- The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page
- The offer is for new checking customers only.
- Offer expires 1/31/2024
- To qualify, open a Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2000 or more into that new account within 90 days of opening.
- Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- Member FDIC
Bank of America Advantage SafeBalance Banking®
- No overdraft fees
- No monthly maintenance fee for Students under 25
- Member FDIC
Wells Fargo
Clear Access Banking
- $5/month fee (can be waived)
- No minimum daily balance required
- Only $25 to open
- No overdraft fees and optional overdraft services available
- 12,000+ fee-free ATMs available nationwide
Everyday Checking
- $25 minimum opening deposit
- Waive the $10 monthly service fee by maintaining a $500 minimum daily balance or receiving $500 or more in qualifying direct deposits
Initiate Business Checking
- 100 free transactions each fee period
- $5,000 in cash deposits processed free each fee period
- $25 minimum opening deposit
- Waive the $10 monthly service fee by maintaining a $500 minimum daily balance or a $1,000 average ledger balance
Citibank
Citi Priority - Earn up to $2,000 Cash Bonus
- Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day
- New to Relationship customers can choose their Relationship Tier.
- Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
- Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
- If your balance falls to a lower Balance Level at any point during the maintenance period, the bonus changes.
- Bonus will be paid within 30 days after you successfully complete all required activities.
- Restrictions apply.
Citigold® - Earn up to $2,000 Bonus
- Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day.
- New to Relationship customers can choose their Relationship Tier.
- Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
- Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
- If your balance falls to a lower Balance Level at any point during the maintenance period, the bonus changes.
- Bonus will be paid within 30 days after you successfully complete all required activities.
- Restrictions apply
Bottom Line
A generous bonus offer and free investing options make Chase Sapphire Banking the right choice for certain customers. But you'll need $75,000 in eligible accounts to avoid the monthly service fees. Weigh the financial pros and cons to see if Sapphire Banking could be right for you.
Chase Total Checking® - $200 Bonus
- New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account and set up direct deposit
- Access to more than 15,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Bank of America Business Advantage Checking Account - $200 Bonus Offer
- Open a new eligible business checking account by December 31, 2023
- Make Qualifying Deposits* of $5,000 or more in new money within 30 days of opening the new eligible business checking account
- Maintain an average balance of $5,000 for the next 60 days (day 31-90) during the maintenance period**
**The maintenance period begins thirty-one (31) days after account opening and ends ninety (90) calendar days after account opening.
Member FDIC
Citi Priority - Earn up to $2,000 Cash Bonus
- Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day
- New to Relationship customers can choose their Relationship Tier.
- Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
- Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
- If your balance falls to a lower Balance Level at any point during the maintenance period, the bonus changes.
- Bonus will be paid within 30 days after you successfully complete all required activities.
- Restrictions apply.
TD Beyond Checking - $300 Cash Bonus
- New customers who apply online for a TD Beyond Checking account can earn a $300 cash bonus after receiving direct deposits of $2,500 or more within 60 days. To qualify for this offer, you must be a U.S. resident and apply for the offer online. Offer is available in these states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
- Three ways to go monthly maintenance fee-free: Monthly Maintenance fee waived when you set up direct deposits of $5,000 or more within a statement cycle, maintain a $2,500 minimum daily balance, or have a $25,000 combined balance across eligible TD accounts.
- ATM perks: TD fees waived at any ATM and non-TD fees reimbursed when you keep at least a $2,500 daily balance
- A little extra time. A lot of extra relief: Avoid fees with Grace Period, which gives you until 11 PM ET the next business day to fix an overdraft. Make sure your available balance is at least $0 by depositing enough to cover the overdrawn balance plus any additional transactions and TD will refund the overdraft fee to your checking account.
- Fast and secure payments: TD Bank debit cards are backed by the Zero Liability guarantee and 24/7 fraud monitoring
- Convenient locations with the longest hours around: We have over 1,100 locations from Maine to Florida that's open early, late, and weekends.
- Get reimbursed for fees including two overdraft fees per year, all Rush Bill Payments, and one outgoing wire per statement cycle (domestic or international).
- Additional TD Bank checking account perks worth talking about: Get 24/7 access to all your TD accounts with Online & Mobile Banking, plus Bill Pay, Send
- Money with Zelle®, Mobile Deposit and Online Statements.
Discover Online Savings - $200 Cash Bonus
To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code CY923 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 12/14/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.
Write to Kim Shackleton at feedback@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.
Note: This website 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. You do not have to use our links, but you help support CreditDonkey if you do.
This content is not provided by Citi. Any opinions expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi.
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