Updated August 1, 2019

Chase Sapphire Banking Review

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

What is Chase Sapphire banking? We explain the benefits, interest rate and how to qualify for the bonus in our review.

© CreditDonkey

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.


Here's what Chase Sapphire Banking offers:

Here's how to claim the bonus:

  1. Open a Chase Sapphire Banking Account.

  2. Transfer $75,000 of qualifying new money to any combination of eligible accounts within 45 days.

  3. 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).

  4. 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.

Check out some great travel rewards credit card options before your next overseas trip.

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).

You Invest is a low-cost, app-based investment tool built into Chase's online and mobile banking platforms. It allows you to manage your investments by researching and trading stocks, bonds, mutual funds, and ETFs online.

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.

24/7 Customer Service: As a Chase Sapphire Banking customer, you get a 24/7 dedicated banking service line at 1-888-26CHASE.

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.

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 Private Client checking and savings accounts, Chase money purchase pension, and profit-sharing plans are not considered qualifying accounts. New money cannot be funded by accounts at J.P. Morgan or its affiliates.

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.

Existing Chase checking customers must visit a local branch in order to upgrade their checking. If this isn't feasible for you, it might be worth calling Chase to see what arrangements can be made for you.

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

© CreditDonkey

Read on to learn some of the other checking options available right now.


Bank of America

Wells Fargo


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.

Member FDIC

Chase Total Checking® - $200 Bonus

Expires 10/18/2023
  • 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
Member FDIC

Bank of America Business Advantage Checking Account - $200 Bonus Offer

Expires 12/31/2023
Earn a cash bonus in three steps:
  1. Open a new eligible business checking account by December 31, 2023
  2. Make Qualifying Deposits* of $5,000 or more in new money within 30 days of opening the new eligible business checking account
  3. Maintain an average balance of $5,000 for the next 60 days (day 31-90) during the maintenance period**
*Qualifying Deposits are deposits of new money, which is money not currently or previously held in any account at Bank of America or Merrill
**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

Expires 1/9/2024
  • 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 Bank
Member FDIC

TD Beyond Checking - $300 Cash Bonus

Expires 10/31/2023
  • 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 Bank
Member FDIC

Discover Online Savings - $200 Cash Bonus

Expires 12/14/2023

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.

Chase Bank Review

Chase Bank Review

Chase Sapphire Reserve Review: Is $550 Worth It?

Chase Sapphire Reserve Review

Chase Sapphire Preferred Review: Why It's Worth $95

Chase Sapphire Preferred Review


Save money and build wealth. Sign up to get our FREE email newsletter.

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 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.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2023 CreditDonkey Inc. All Rights Reserved.