How to Open a Savings Account at Chase Bank

What You Need to Open a Chase Savings Account

You can open a Chase savings account in person at a branch, online through Chase's website, or by phone. The process takes about 10 to 15 minutes online or in person. You will need a valid government-issued ID (driver's license, passport, or state ID), your Social Security number, and an initial deposit — usually $25 or more, though some accounts require $300 to $500 depending on the account type.

Chase offers several savings account options, each with different features and deposit requirements. The most common is the Chase Savings Bank account, which has no monthly maintenance fee if you keep a minimum balance or set up direct deposit. There is also the Chase Premier Savings account, which requires a higher opening deposit but may offer a higher interest rate. Before you start, decide which account fits your needs and how much you can deposit upfront.

Key Takeaways

• You need a valid ID, Social Security number, and an opening deposit of at least $25 to $500 depending on the account type.
• Chase Savings Bank has no monthly fee if you maintain a minimum balance or receive direct deposits, while Premier Savings requires a higher opening deposit.
• You can open an account online, in person at a branch, or by phone, and the process usually takes 10 to 15 minutes.
• Once your account is open, you can access it through the Chase mobile app or website and begin depositing money right away.

Opening an Account Online Through Chase.com

Go to Chase.com and look for the "Open an Account" button, usually located in the top navigation menu or under the Savings section. Click on the savings account option you want, then select "Open Online." You will be asked to enter your email address, create a password, and confirm your identity using your Social Security number and date of birth.

Chase will then ask for your personal information: full name, address, phone number, and employment status. Next, you will enter your ID information — the state, ID number, and expiration date. You do not upload a photo; Chase verifies your ID electronically. After that, you choose your opening deposit amount and how you want to fund it. You can link an external bank account and transfer money, use a debit card, or wire funds. Once you submit everything, Chase reviews your process, which usually takes a few minutes to a few hours.

If Chase approves you, your account number appears on screen when ready. You can then read your account details or set up online banking access right away. Your debit card arrives in the mail within 7 to 10 business days.

Opening an Account in Person at a Chase Branch

Find your nearest Chase branch using the branch locator on Chase.com. Bring your valid ID, Social Security number (or have it memorized), and your opening deposit in the form of cash, a check, or a debit card. Walk in during business hours — no appointment is needed, though you may wait during peak times.

Tell a banker you want to open a savings account. They will ask which account type you prefer and review the features and fees with you. You will fill out a short form with your personal information, and the banker will verify your ID and Social Security number on the spot. They will then process your opening deposit and set up your online banking access. You walk out with your account number, temporary debit card (if available), and instructions for your permanent card, which arrives in 7 to 10 business days.

Opening an Account by Phone

Call Chase at 1-800-935-9935 to open a savings account by phone. A representative will walk you through the same questions you would answer online: your personal information, ID details, and Social Security number. They will explain the account options and help you choose one that fits your needs.

For your opening deposit, the representative will ask how you want to fund the account. You can authorize a transfer from another bank account, or you can mail a check to the address they provide. If you use a transfer, it typically posts within one to three business days. Once everything is submitted, Chase reviews your process and calls you back to confirm approval, usually within a few hours.

What Happens After You Open Your Account

Once your account is open, you can log into Chase.com or the Chase mobile app using your username and password. Your account number and routing number are available when ready in the app or online. You can set up direct deposit, transfer money from other accounts, or deposit checks using mobile check deposit (available through the app).

Your debit card arrives in 7 to 10 business days. When it arrives, you will need to set up it before you can use it. Chase sends set up instructions in the mail or you can set up it through the app or by calling the number on the back of the card. Your savings account is now ready to use for deposits and withdrawals.

Documents and Information to Have Ready

Gather these items before you start the process, whether you are opening an account online, in person, or by phone:

• A valid government-issued ID (driver's license, passport, or state ID)
• Your Social Security number
• Your current address
• Your phone number and email address
• Your opening deposit (cash, check, or linked bank account information)
• Employment information (employer name and address, if you have a job)

If you are opening the account online or by phone, have your ID in front of you so you can enter the ID number and expiration date accurately. If you are opening in person, bring the physical ID with you. Chase will not ask for a copy of your ID to keep on file — they verify it electronically.

Account Fees and Minimum Balance Requirements

Chase Savings Bank has no monthly maintenance fee as long as you maintain a minimum balance of $300 or set up at least one direct deposit per month. If your balance falls below $300 and you have no direct deposits, Chase charges a $5 monthly fee. You can avoid this fee by keeping the balance above $300 or by receiving direct deposits.

Chase Premier Savings requires a higher opening deposit (usually $300 to $500) and a higher minimum balance to avoid fees. In return, it may offer a higher interest rate on your balance. Interest rates change based on market conditions, so check Chase.com for current rates before you open an account.

There are no fees for deposits, withdrawals, or transfers between your Chase accounts. If you withdraw money from a non-Chase ATM, Chase does not charge a fee, but the other bank may. Chase reimburses out-of-network ATM fees at the end of each month if you maintain a $300 minimum balance.

Frequently Asked Questions

Can I open a Chase savings account if I do not have a Social Security number?

No, Chase requires a Social Security number or Individual Taxpayer Identification Number (ITIN) to open any account. If you have an ITIN, you can use that instead. If you do not have either, you will not be able to open an account at Chase.

How long does it take to get my debit card after I open the account?

Your debit card arrives in the mail within 7 to 10 business days. Once it arrives, you must set up it before you can use it. You can set up it through the Chase app, online, or by calling the number on the back of the card. Until your card arrives, you can still access your money through transfers, checks, or ATM withdrawals using your account number.

What is the minimum opening deposit for a Chase savings account?

Chase Savings Bank requires a minimum opening deposit of $25. Chase Premier Savings requires $300 to $500, depending on your location. Check Chase.com or call 1-800-935-9935 to confirm the current minimum for the account type you want in your area.

Can I open a savings account online if I do not have a bank account to link for my opening deposit?

Yes. If you do not have another bank account, you can mail a check to the address Chase provides during the online process, or you can open the account in person and deposit cash or a check directly. You can also use a debit card to fund your opening deposit online.

Do I need to visit a branch in person to open an account?

No. You can open an account entirely online or by phone without visiting a branch. In-person opening is an option if you prefer to speak with someone face-to-face or if you want to deposit cash or a check when ready.