How To Avoid Chase Bank Monthly Fees

How To Avoid Chase Bank Monthly Fees

There are many ways that one can avoid the monthly fees that a Chase Bank requires. The article that you are about to read will provide you with a simple rundown on ways that you can avoid paying for the Chase Bank monthly maintenance fees.

When you open up a new Chase Bank checking, your monthly fee will most likely be waived for the first 60 days, so you won’t have to get stricken by a monthly maintenance fee right after you have just opened up a new account. Be sure to check out our bank promotions from Chase!

Read more to find out about how you can avoid the monthly maintenance fees for all Chase Checking and Savings accounts!

New Eligible Chase Business Checking Account

• Earn $300 when you open a new Chase Business Complete CheckingSM 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. • Built-in card acceptance. Accept card payments anytime, anywhere in the U.S., and get transparent pricing with Chase QuickAcceptSM. • Same-day deposits with QuickAccept. Free up the cash you need to keep your business moving forward with same-day deposits at no additional cost. • Alerts to help you stay on top of your account activity. • Easy account management through Chase Business Online and the Chase Mobile® app. • Unlimited electronic deposits, ACH and Chase QuickDepositSM • Convenient access to more than 16,000 ATMs and more than 4,700 branches. Get Coupon at Chase

How To Waive The Fee

Chase Business Complete Banking^SM account: $15 or $0 Monthly Service Fee. There’s no Monthly Service Fee when any of the following are met each monthly statement period:

• Minimum Daily Balance of $2,000
• Receive $2,000 in deposits from Quick Accept transactions or other eligible Chase Payment Solutions
• Chase Ink® Business credit card purchases of at least $2,000
• Link a Chase Private Client Checking account
• Provide valid, qualifying proof of military status (active or veteran)

Chase Total Checking®

• 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 16,000 Chase ATMs and more than 4,700 branches • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device. • Open your account online now • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com. • Chase Overdraft AssistSM – 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* *With Chase Overdraft AssistSM, we won't charge an Insufficient Funds 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 you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts. Open an Account

How To Waive The Fee

This account does incur a $12 monthly fee. To avoid this fee, complete one of the following:

• Have monthly direct deposits totaling $500 or more made to your Chase Total Checking® account.
• Keep the daily balance in your checking account at or above $1,500.
• Keep an average daily balance of $5,000 or more in any combination of qualifying Chase checking, savings and other balances.

Chase Premier Plus Checking^SM

How To Waive The Fee

This account does incur a $25 monthly fee. To avoid this fee, complete one of the following:

• Keep an average daily balance of $15,000 or more in any combination of qualifying Chase checking, savings, and other balances. OR
• Have automatic payments to your qualifying linked Chase mortgage from your Chase account.

Chase Savings^SM

How To Waive The Fee

This account does incur a $5 monthly fee. To avoid this fee, complete one of the following:

• Option 1: A balance at the beginning of each day of $300 or more in this account, OR
• Option 2: $25 or more in total Autosave or other repeating automatic transfers from your personal Chase checking account or Chase Liquid® Card (available only through chase.com or Chase Mobile®), OR
• Option 3: A Chase College Checking^SM account linked to this account for Overdraft Protection, OR
• Option 4: An account owner who is an individual younger than 18, OR
• Option 5: A linked Chase Better Banking® Checking, Chase Premier Checking^SM, Chase Premium Plus Checking^SM, Chase Sapphire^SM Checking, or Chase Private Client Checking^SM account

Chase Private Client

• You're eligible for a $2,000 bonus when you open a new Chase Private Client Checking account with qualifying activities. • Within 45 days of coupon enrollment, transfer a total of $250,000 or more in new money or securities to a combination of eligible checking, savings and/or investment accounts and maintain the balance for at least 90 days from coupon enrollment. • Get $2,000 when you open a new Chase Private Client Checking account with qualifying activities. Enjoy your $2,000 bonus which will be deposited into your account within 40 days. • 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. • 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. • Save time and money with better banking benefits and special services. Learn More at Chase

How To Waive The Fee

There are no monthly services fees for the Chase Private Client, however, it is required that you maintain at least $250,000 in combined account balances.

Chase Sapphire Banking

How To Waive The Fee

This account does incur a $25 monthly fee. To avoid this fee, complete the following:

• Sapphire Banking^SM requires an average balance of $75,000+ in eligible deposits/investments to waive the $25 monthly fee.

Chase College Checking^SM

• Enjoy $100 as a new Chase checking customer when you open a Chase College CheckingSM 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 and 17-year-olds can only open an account at a branch. • Manage your money, see your accounts, and pay your bills using the Chase Mobile® app • Send and receive money in moments using Zelle®. • Access to more than 16,000 Chase ATMs and more than 4,700 branches. • Start planning for your future by using the budget tool in the Chase Mobile® app to set, track, and adjust your spending to help you save more. • Chase Overdraft AssistSM - – 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* *With Chase Overdraft AssistSM, we won't charge an Insufficient Funds 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 you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts. Apply Now at Chase

How To Waive The Fee

This account does incur a $6 monthly fee. To avoid this fee, complete one of the following:

• Up to five years while in college OR
• A direct deposit made to this account. Direct deposits can be an ACH credit, payroll, pension or government benefits such as Social Security OR
• An average ending day balance of $5,000 or more in this account

Chase High School Checking

This account does incur a $6 monthly fee. To avoid this fee, complete one of the following:

• A linked qualifying personal parent/guardian checking account OR
• A direct deposit made to this account. Direct deposits can be an ACH credit, payroll, pension or government benefits such as Social Security OR
• An average ending day balance of $5,000 or more in this account

*When the Student reaches the age of 19, the Chase High School Checking account will become a Chase Total Checking account*

Chase Premier Platinum Checking

• Monthly Fee: $25
• Avoid the monthly fees by completing the following:
  • Average beginning day balance of $75,000 or more in any combination of this account and linked qualifying deposits/investments.

Chase Premier Savings

• Monthly Fee: $25.
• Avoid the monthly fees by completing one of the following:
  • Maintain balance at the beginning of each day of $15,000 or more in this account OR
  • When linked to a Chase Premier Plus Checking^SM or Chase Premier Platinum Checking^SM account

Chase Performance Business Checking

• Monthly Fee: $30.
• Avoid the monthly fees by completing following:
  • Maintain a combined average daily balance of $35,000 or more in qualifying business deposit accounts

Chase Platinum Business Checking

• Monthly Fee: $95.
• Avoid the monthly fees by completing following:
  • Maintain qualifying business deposit balances of $100,000.

Chase Business Total Savings^SM

• Monthly Fee: $10.
• Avoid the monthly fees by completing following:
  • Maintain a minimum ledger balance of $1,000 OR
  • Maintain a linked Chase Total Business Checking account.

Chase Business Premier Savings^SM

• Monthly Service Fee: $20.
• Avoid the monthly fees by completing following:
  • Maintain a minimum combined average daily balance of $25,000.

How to Avoid Other Fees

Overdraft Fees

Chase, like some banks, also make charges for insufficient funds and returned item fee of $34 per incident. With this you will get a maximum of three items per day, for a daily total maximum of $102.

The easiest way to avoid an overdraft fee from Chase is to make sure that you have enough funds in your account to cover any purchases that you make.

They have two forms of overdraft fees:

• Insufficient Funds Fee: When Chase pays for an item if you account does not have enough money to cover the cost.
• Returned Item Fee: When Chase returns an item presented for payment , but your account doesn’t have enough funds to cover it.

You can also enroll in overdraft protection to avoid the overdraft fee. All you have to do is link your checking account to a Chase savings account for backup. This will let the funds in your savings account transfer into your checking account to make up the difference and cover any transaction where additional money is needed.

But if you don’t have enough funds in your savings account to cover the cost, you will be charged the overdraft fee.

Also keep in mind that you’re only allowed six withdrawals per month from your savings account for the overdraft protection! Anything after that, you will be charged a $5 savings withdrawal limit fee, which you can waive if you have more than $15,000 in a Chase Premiere Savings account.

ATM Fees

If you own a Chase Total Checking account, you will be paying ATM fees for non-Chase ATMs. In the U.S., the fee is $2.50  per withdrawal, inquire, or transfer! While the fee is $5 for withdrawal or $2.50 for an inquiry or transfer outside of the U.S.!

But if you’re a Chase Premier Plus Checking account, you get up to four non-Chase ATM fees waived per month. And Chase Sapphire Checking account holders enjoy no ATM fees worldwide.

*Please consult with your banker for more details about the monthly fees and ways to avoid them. Chase Banking fees and may change without notice.*

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