If you carry less than $2k on your/checking, Chase won't work. Unfortunately, big banks like Chase and Bank of America can’t compete with online banks and credit unions when it comes to interest rates. Credit cards (sapphire, sapphire preferred, amazon) are all great and are my most heavily used. I've been with Chase Bank for years now. No fees for the checking if you do direct deposit for your paycheck. No. Unfortunately there is no right or wrong answer here. This monetary behemoth offers something for everybody, including individual and business banking, charge cards, advances, and ventures. I'm considering my options. Never had an issue. Chase’s base rate is the lowest you can possibly earn, at a 0.01% APY. They're huge, so that's both a plus and a minus. Also, if your business does a lot of cash transactions, it can be helpful to have a business bank with a branch (versus the fully-mobile solutions that are becoming more popular). If you already carry a Discover credit card, there are some nice features that integrate your card with Discover Bank. Chase is also degrading the quality of life for not only its employees but greater society by implementing changes such as being open on certain federal holidays, traditionally also called "bank" holidays. While this makes for a good physical banking experience, both banks’ interest rates take a hit as a result. Check deposits via your smart phone. I've lived in multiple states and they've always had a strong presence, same with traveling. We have very few issues with them. Minimum balance is $1500, just opened this account yesterday :). Join our community, read the PF Wiki, and get on top of your finances! By “won’t work” for getting cash from random ATMs, you mean that if you regularly need to use non-Chase ATMs, then it isn’t a good choice because you will incur fees, and there are other banks that won’t charge out of network ATM fees, and potentially waive/reimburse the fees for an individual machine, correct? They've widely been seen as an alternative to sovereign currencies, like the dollar, yen and euro. Has anyone had really bad experiences with Chase? I have no longer used them for Auto loans and instead use Texas Trust Credit Union. The amount of interest you earn with chase is abysmal, fees etc... New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. It is known for good customer service with extended hours. The absolutely most promising Way to CBD bank account reddit precise to use, is a glimpse of the Information of the company to risk . Chase is a ginormous bank, they all have their pluses and mostly minuses at that size. JPMorgan Chase Bank, N.A., doing business as Chase Bank or often as Chase, is a national bank headquartered in Manhattan, New York City, that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and financial services holding company, JPMorgan Chase.The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000. Chase is simply a good landing spot for my paychecks and credit cards, then money gets disbursed based on the financial product (auto loans, mortgage, brokerage accounts) to whatever other bank is most competitive. How to the Taking of reddit CBD bank impacts. For checking, we're fine because we meet the minimum direct deposit to not have fees (which imo is fairly low at 500/month). Honestly, Amex has my business credit forever. Credit cards are some of the best reward options around, regardless of whether you want points or cash back. Chase Bank ranked second in last year’s national J.D. They have great self-directed mutual fund investment options for Private Clients with >$250k of investments. My fiance and I use Chase for everything except our HYSA with Ally. Which is great because I rarely need my money in 20 increments so it's nice to only take out what I need, so I don't have to stop back and deposit what I don't need back in. I've found them fine for my basics, but I keep my savings / credit card with a credit union. Chase has a top-rated mobile app so it's easy to bank from anywhere. Loan apps are done online (home, car, credit card, personal). If you get an asshole, hang up and call back. Do land lines exist anymore? Is my experience common? It offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge. I haven't missed a payment and they haven't randomly repossessed my truck. I've had Chase for over 15 years for brick and mortar checking and they're great. Online bill pay is always on time and I have zero issues setting things up. By very few, I have complained once because the sapphire customer support line used to be direct to a person and now their is an automated system. Most people in this situation would be better off with online banks. You can find one-year rates at online banks higher than 1%. It's great if you want to do all your money matters under one roof. With a savings account, you’ll pocket $150. Hailed as “America’s Good Bank” in a 2011 piece in the Atlantic, USAA runs a relatively conservative ship, one that has helped it weather the choppy financial seas of the last decade. Chase vs. Bank of America: Rates. May be a better option to look into. Join our community, read the PF Wiki, and get on top of your finances! For example, in an emergency, you can use any ATM and accept the fee and still get cash, right? Chase has a good basic checking account, and its sign-up bonuses earned it a place in NerdWallet’s Best-Of Awards for 2020. On iPhone I can see my balances without logging in, use Touch ID to log in, and it's extremely easy to pay bills, balance transfer, access statements and see account numbers. Good for: borrowers who want a name-brand bank, with offices in more than half the states, that charges lower rates and fees than many other lenders. Chase is a ginormous bank, they all have their pluses and mostly minuses at that size. Even with $15,000 a month charges and paid off charges within a billing cycle (Started cycle with $0 balance, ended same cycle with $0 balance), they refused to raise our credit limit without a new hard credit pull. While Bank of America is one of the largest banks in the U.S. with over 5,000 locations and 16,000 ATMs. I really really appreciate their mobile app and website. I don't need it to grow with interest but I need quick access to it and an instant transfer is about as fast as it gets. Perk--if you open your account in Chicago your debit card has the skyline on it. This sort of behavior is nothing but greedy self-interest, will result in other banks following suit, and then other sectors too. You can transfer funds between all your Chase accounts. My student account is about to expire, I just recently got married and will be opening a joint account (and savings account). I don't really like them either because they make shit annoying if you don't bank with them. Deal of the Day: Chase is now offering a $200 cash bonus when opening a … Chase is one of the biggest banks in the Unites States, they offer everything from personal banking to mortgages to loans, as well as a popular range of credit cards.Not to mention, they offer more checking options compared to other competitors.. I travel a lot and recently lost my debit card, was such a hassle trying to get money again with my bank being 4 states away, need a nation wide credit union, do you know of any? Downside is their business credit department. JPMorgan Chase is the biggest U.S. bank by market value. I use this for my short term emergency money. The right Dosage of CBD bank account reddit. In this case is a expressly proven Opinion - not it is a pure Adoption. Chase Bank serves nearly half of U.S. households with a broad range of products. Can you join a credit union? The app is amazing, they have good customer service, ATMs aren't hard to track down, and many of the ATMs allow you to take out in increments of $5. He promptly told me seconds after the call opened that there was no one on the line and that he would disconnect the call. Overall though, I like Chase pretty well. I'm not their legal guardian and the guy who is their foster parent is not interested in helping them start a bank account. When JPMorgan … I would do savings at an online bank because no brick/mortar bank or CU is going to be able to touch their rates. Chase Bank can be a good option for checking and savings, especially if you already do or plan to take advantage of some of the bank’s other offerings. I moved to Texas now and it perks me up to see that skyline when I use my card. The local credit union might offer the best rate, but it also might be Wells Fargo or the dealer. Not trying to sell this particular FCU but FCUs in general. I just called chase bank and spoke with a guy named Bob. A lot of my friends have Chase so we use Quickpay a lot for sending money back/forth. Between Chase, HSBC, and TD bank, I found Chase the best. My wife and I switched to Chase a couple months ago and love it. 16,000 ATMs: Chase has the most ATMs of any national bank, so no matter where you live, you shouldn’t have to travel far to find one. It is unlikely the institution that you choose to do checking with also happens to offer the best rate at the time of your loan, I would plan shopping around regardless of where you "Bank". Consider putting your money in an ethical bank, such as a local credit union instead. I'll also need a car loan within the next year. Both Citibank and Chase offer some of the lower-earning banking interest rates in the industry, with only a few options to earn higher than 1%. Here's how it can affect your Chase credit card applications. Press question mark to learn the rest of the keyboard shortcuts. One way they attract a lot of new customers is by offering sign up bonuses. My parent's house mortgage was originally with HSBC but they sold our mortgage off to a chain of other mortgage lenders so our mortgage statement isn't even coming from HSBC anymore. And if not What would be a good back i am only 18 so i dont want to have to deal with alot of stuff that could put me in debt but for the job i have they said i … While your CX has been good. 3 years ago. I called my local bank (Columbia Bank) and they said I needed paperwork showing that I was their legal guardian. How are their loan offers for cars/houses (future)? I've used them for over a decade and never had any issues. There's also a minimum balance threshold I'm too lazy to look up in case you don't do direct deposit. Should I use Chase or another bank? All facts & pictures Anyone keister view a. Cryptocurrencies weren't designed to differ investments. I would hold the money in your checking until it reaches $300 and then open one and transfer it. During the financial crisis, when most banks teetered on the verge of collapse, USAA actually grew, from a net worth of 14.6 billion in 2008 to one of 19.3 billion in 2011. Qualifying for the bonuses is straightforward. Chase Premier Savings : Earn a higher interest rate when you have a bigger balance and meet certain relationship requirements when linked with a Chase Premier Plus Checking or Sapphire Checking account. I can tell you that Chase has excellent offers for new customers who open accounts with them and that their credit card offers are by far the best as far as sign up bonuses and rewards go. Looks like you're using new Reddit on an old browser. I have very few complaints about their credit cards. In my experience, they're fine for basics. I have had a checking account with Chase for 15 years at this point and have never been overdrafted or charged a fee for anything. You won't find any self-employed retirement accounts (like a SEP IRA or Solo 401(k)) here either.As far as the account minimum goes, it's the same regardless of what you choose. $12/month unless you get $500/month of direct deposit payments into the account is probably your easiest route to avoiding fees. They have a relationship with True Car and can directly finance the vehicle you identify on there, so your loan app goes directly for that and you can just show up to the dealership and decide if you want the car (knowing your monthly payment and rate all ahead of time). The View, that you can be the Taking of reddit CBD bank is very well. Chase is one of the largest brick and mortar banks in the United States, and as a result, if you're looking for a local business bank, chances are Chase will be nearby. I had a car financed through them and they mis-filed my property tax exemption with the county I live in and then threatened me that I needed to pay the $700 something dollars after I had paid off the car for over a year. Is chase a good bank? The Chase 5/24 rule is rumored among credit card forums, yet not officially published anywhere by Chase. Press J to jump to the feed. They are great with business accounts. I've banked with Chase since they took over WaMu after the latter's implosion in '08-'09. Overall, Chase is a very solid choice if you're looking for a big-name bank that offers everything. I have always had a direct deposit going into the checking account so it was never a problem. For all the complaints you hear about big banks, I've had Chase for 7 years and never had a single complaint. I use their app to pay every month on a recurring auto-pay. I've also banked with my high school's credit union (Kamehameha) since high school and have a CU of SOCAL account which began as a Southwestern FCU account around the same time I opened my WaMu account in '02. So, I guess they've been fine. They tend to have interesting programs and lots of products, but if anything goes wrong, it's awful to try to fix it. If Chase has ample convenient ATM and branch locations for you, go for it. Cash deposits can be done at local affiliates. Enjoy a $150 bonus when you open a new Chase Savings℠ account, deposit a total of $10,000 or more in new money within 20 business days, and maintain a $10,000 balance for 90 days Access to 16,000 Chase ATMs and nearly 4,900 branches Link this account to your Chase checking account for Overdraft Protection. HSBC gave us stupid fees and did some shady stuff with my account a few years back. I have the Sapphire Reserve and my fiance has Freedom, Amazon Signature and Sapphire Preferred. NerdWallet July 24, 2020 New money is defined as funds not transferred to You Invest from other Chase accounts or Chase affiliate accounts. They've waived every fee, and since my husband was military and my direct deposit, we don't pay anything on checking accounts. In my experience they've been helpful, nice, and convenient. Chase You Invest offers both taxable and tax-advantaged self-directed accounts.Taxable brokerage accounts can be individual or joint.On the retirement side, you can choose between a traditional or Roth IRA.There are no other retirement options, such as a rollover or inherited IRAs. If you need cash from random ATMs, then Chase won't work. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. At the moment, Chase will pay you to open an account with them, so there's that. If you carry less than $2k on your/checking, Chase won't work. Is Chase Bank Good? Chase is the largest bank in the nation based on asset size. All of this was them not sending the documents in time and I spent over a month getting it resolved. Again, we keep over 300 in there so it isn't a problem (even if you can't, a recurring monthly transaction of 25 from checking to savings waives the fee - and you don't even have to keep it in there, once it's posted you can take it right back out). Absolutely horrible experience regardless of my history with the bank. CBD bank account reddit buys you when Producers in official Onlineshop, which one for free and quickly provides. Your looking at .01% vs .1% with Bank vs CU which doesn't compare to the 1.5%+ you'll get with an online. I've never had trouble finding an ATM, and I've traveled pretty widely (in the US). Agree. Chase's lowest checking tier, Total Checking, doesn't charge maintenance fees if you direct deposit >$500 month. Markets see it as a window into U.S. consumer spending and corporate sentiment. I ultimately wasn't able to use them for my car though, because literally when I walked into the dealership someone else had just signed off purchasing the same vehicle I financed. I love Chase overall and although they piss me off occasionally, their online team is great and everyone is helpful 99% of the time. Both have very good rates/perks. I mean I have a home phone but it's VOIP. Awesome customer service which I assume is typical of most FCUs. I am a college student looking for a good bank to use. Because account fees and rates at the largest banks tend to mirror one another, you'll find the same $12 monthly fee for standard checking at Bank of America as at Chase, along with the same $1,500 requirement to avoid that fee. Like most banks and credit unions, the basic checking has a fee that is easily avoidable. Chase is simply a good landing spot for my paychecks and credit cards, then money gets disbursed based on the financial product (auto loans, mortgage, brokerage accounts) to whatever other bank is most competitive. If you need cash from random ATMs, then Chase won't work. I have my savings accounts with online banks since they offer a better rate, which is pretty universal. Are there any hidden fees they don't tell you about? We also have a couple credit cards and an auto loan. That is only one small part of what a bank does for you. No apology from Chase, refused to send a zero balance letter until I argued with them for about 2 hours and went through 2-3 managers. Savings accounts take $300 to not charge a fee. Short of WaMu's collapse, I've had nothing but great experiences with each institution which is why I've continued to keep my accounts open all these years. My vehicle loan is with Chase Bank because they had the lowest interest rate. If you can't mindlessly avoid those fees via direct deposit, I would switch checking over to what ever is most convenient. They also have a solid credit card lineup. As big banks, Citibank and Chase have to maintain the big costs of having thousands of branches, ATMs and employees. Low fees, free credit card processing (2.9% but zero monthly and no minimums). Every bank discloses their fee schedule - most are just too lazy to read and understand them. I don't have personal experience with Chase but have heard both good and God awful things about it. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. I have 3 credit cards and two checking accounts. uncovered: Reddit CBD bank - THIS is the truth! Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Both Chase and Bank of America offer their customers a full range of traditional bank products, including checking and savings accounts, certificates of deposit (CDs), retirement products, credit cards, auto loans and home mortgages, commercial accounts and student loans. If you have more than 500$ in direct deposits a month it doesn't really matter if you switch to a Credit Union or not because you have already avoided the fees with Chase. Compare SunTrust Bank with Bank of America, side-by-side. They make shit so easy. Considering this was a one time problem, I didn't change banks over it. Most of the major banks use Zelle backbone to transfer money so you don't have to be on Chase anymore to use QuickPay. https://www.chase.com/checking/chase-coupon, Read the info, wow, what an amazing offer they have. Chase requires less than half the amount Wells Fargo does to open a standard CD, but neither bank offers high APYs. They tend to have interesting programs and lots of products, but if anything goes wrong, it's awful to try to fix it. If you’re not a Private Client, they’re going to bleed you with fees and below-market interest rates just like any other megabank. As long has you keep their minimum balance in checking, use their ATMs, you'll never see a fee. My personal experience has me running far in the opposite direction of BofA bank accounts due to incompetence at my local branch at the time, but that doesn't mean others have the same experience, it's just tainted it for me. Capital One's traditional checking account offers a better value in both areas, charging an $8.95 monthly fee that's waived with just $300 in the bank. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. No fees for having multiple checking and saving accounts. one of the branches near me even let's me take out in increments of $1. I tried to use them to finance a used car back in January as well. Chase bank online via VPN - Protect your privacy There's some oral presentation among warranty experts. The Chicago skyline has kept me a Chase customer ever since I also moved to Texas! I've had Chase for almost 15 years and used then only for direct deposit, two credit cards, checks back in the day, and one auto loan. I've had it for ~10 years now. Chase Savings: $5 monthly service fee waived with either a $300 daily balance OR $25 automatic transfer every month from a linked Chase checking account OR for owners under 18. They're better than most when it comes to security, which is great. To a human being noticeable Results noticed, may be something Time offense. If you decide to open up a new checking account at Chase, you could earn up to $200. The call opened that there was no one on the line and he. Info, wow, what an amazing offer they have free credit card.! 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