Before joining Insider, she served in various legal and compliance roles in different industries, including the legal and pharmaceutical industries. The team also works to minimize risk for partners by making sure language is clear, precise, and fully compliant with regulatory and partner marketing guidelines that align with the editorial team. The compliance team's mission is to provide readers with stories that are fact-checked and current, so they can make informed financial decisions. Personal Finance Insider is Insider's personal finance section that incorporates affiliate and commerce partnerships into the news, insights, and advice about money that Insider readers already know and love. It also has a $35 monthly service fee, unless you qualify to waive it.Įvelyn He is a compliance associate at Insider who supports the Personal Finance Insider team. While Chase Sapphire Banking requires $75,000 to qualify for an account, Private Client Checking requires $150,000. It comes with many of the same benefits of Sapphire Banking, but you also have access to a Chase Private Banker, Business Banking Advisor, and discounts on auto and home loans. Chase Private Client CheckingĬhase Private Client Checking℠ is the bank's highest-tier checking account. Both have a $25 monthly service fee, but it's a little easier to waive with Chase Premier Plus Checking.Ĭhase Sapphire Banking vs. It doesn't have some of the perks you'll get with Sapphire Banking, like waived foreign rate adjustment and ATM fees worldwide. It waives four out-of-network ATM fees each month and offers free Chase design checks, cashier's checks, and money orders. Premier Plus Checking is the bank's middle-of-the-road checking option. There are several Chase checking accounts, and Chase Premier Plus Checking℠ is one tier below Chase Sapphire Banking. How Chase Sapphire Banking ComparesĬhase Sapphire Banking vs. For checking accounts specifically, we also evaluate minimum opening deposits, monthly fees, overdraft fees/protection, and ATM access/fees. Each account receives a rating between zero and five.įor all types of bank accounts, we look at ethics, customer service, and the bank's mobile app. Methodology: How We Reviewed Chase Sapphire BankingĪt Personal Finance Insider, we rate products using our bank account ratings methodology. To qualify for Chase Sapphire Banking, you must have $75,000 in all of your qualified linked Chase accounts and investing accounts. In the same year, the US Department of Labor required Chase to pay $800,000 in back wages in a settlement that accused the bank of underpaying women. paid the Department of Justice $920 million in a settlement that claimed the bank was involved in wrongful trading. Read online customer reviews or speak with friends and family who use Chase to help determine if it will be a good fit.Ĭhase has been involved in a couple of recent public controversies. A strong BBB grade indicates that a company responds effectively to customer complaints, advertises honestly, and is transparent about business practices.Ī good BBB score doesn't necessarily mean you'll have a perfect relationship with a bank, though. The Better Business Bureau gives Chase an A+ rating. Chase would move your money to another federally insured institution, or it would mail you a check. This means that if Chase shuts down, your insured funds are still safe. Is Chase Sapphire Banking Trustworthy?Ĭhase is a Member FDIC Bank, so your Chase Sapphire Banking account is FDIC-insured for up to $250,000, or $500,000 for joint accounts. So if you can waive the fee, it's a pretty good account. The good news is that you can link up to nine accounts to meet this requirement, including a variety of checking, savings, and CD accounts, and certain investment accounts through JPMorgan Chase & Co. The account's main downside is its $25 monthly service fee - to waive it, you must keep at least $75,000 combined in this account and any linked Chase accounts. You also have access to entertainment and sports benefits, such as early ticket sales. Does not offer a cash bonus, while some other Chase checking accounts doĬhase Sapphire℠ Banking is a great option for travelers, because it doesn't charge foreign exchange rate fees or ATM fees worldwide, and it refunds any fees charged by out-of-network ATM providers.$34 overdraft and non-sufficient funds fees.$25 monthly service fee unless you qualify to waive it.You must have a combined balance of $75,000 in all eligible linked accounts to qualify.No overdraft fees for the first 4 overdrafts in the current statement period and previous 12 statement periods, combinedĮxclusive entertainment and sports event benefits No fees for foreign exchange rate adjustments, incoming or outgoing wire transfers, or stop payments No out-of-network ATM fees worldwide reimburses any fees charged by out-of-network ATM providers Option to enroll in free overdraft protection
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