Chase Launches New Checking Account to Expand Access to Banking

Chase Secure Banking offers low monthly fee, no overdraft fees, and
full access to Chase branches, ATMs, and digital tools

NEW YORK–(BUSINESS WIRE)–Chase is launching Chase Secure Banking, a low cost checking account
that can help more consumers around the country access a traditional
banking relationship, including those new to banking or who have had
trouble getting or keeping an account in the past.

The new account, available to customers today, comes with a low monthly
service fee of $4.95 and all the benefits of Chase, like access to
thousands of fee free Chase ATMs, Chase’s mobile app and support from
bankers in person at Chase branches or over the phone.

With Chase Secure Banking, customers can enjoy:

  • Full access to the Chase Mobile App and Chase.com to manage money on
    the go, like checking balances, depositing checks, sending money to
    friends and family, paying bills, and monitoring credit
  • Free access to 16,000 Chase ATMs and 5,000 Chase branches across the
    country where they can meet with bankers for expert help and advice
  • The ability to make electronic payments (ACH), and a debit card they
    can use nearly everywhere card payments are accepted
  • No paper checks and the account is designed to help customers only
    spend what’s available in their account so they won’t be charged
    overdraft fees and will have more control of their money
  • Access to Chase Offers, available on the Chase Mobile app as a way to
    get more value from purchases

“A bank account can open doors to economic opportunity and improve the
financial lives of so many across the country,” said Thasunda Duckett,
CEO of Chase Consumer Banking. “As a bank, we want to help more
consumers get access to an account that can better help them manage
their everyday needs while building their financial health.”

Chase Secure Banking has the same low monthly fee as Chase Liquid, the
bank’s reloadable prepaid card, and will replace it because it includes
enhancements based on customer feedback that indicated the need for a
full banking experience. Current Chase Liquid customers can open a new
Chase Secure Banking account and keep their Liquid account if they
prefer, but it will no longer be offered to new customers.

The bank continues to innovate and develop products that meet that needs
of the communities it serves, and its thousands of branches provide
access to home lending, small business funding, and advice on reaching
personal and business financial goals, in addition to personal banking
needs.

The firm is advancing the financial health of its customers, communities
and employees through multiple programs including National Savings
Month, Women on the Move and Advancing Black Pathways. In addition, over
the last five years the firm has provided more than $100 million in
philanthropic investments to help people in underserved communities save
more, reduce debt, build credit and meet their long-term goals.

To learn more, visit www.chase.com/SecureBanking.

Contacts

Maribel Ferrer, Maribel.Ferrer@chase.com