Summary
Chase’s new checking account – Sapphire Banking – offers Sapphire Preferred and Sapphire Reserve cardholders 60,000 bonus points.
The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.
Chase has launched a new premium checking account known as Sapphire Banking. The account, which waives the $25-monthly fee if you maintain an account balance of $75,000 or more, offers the following perks:
- No ATM fees worldwide
- No wire transfer fees or stop payment fees
- No fees on the first four overdrafts within 12 months
- No fees for foreign exchange rate adjustments on ATM withdrawals or debit card purchases made abroad
- Free online stock and ETF trades with You Invest by J.P. Morgan
According to CEO of You Invest by J.P. Morgan, Jed Laskowitz, the Sapphire Banking “account is a real example of how we’re rewarding our customers for their relationship.”
60,000 bonus points
Chase has unveiled an exclusive offer that gives Chase Sapphire Reserve® and Chase Sapphire Preferred® Card members – who open or upgrade to a Sapphire Banking account and make $75,000 in qualifying deposits and investments – 60,000 bonus points. Cardholders can apply for the 60,000-point offer in-branch starting Oct. 1, 2018, and online starting Oct. 15, 2018.
There’s no doubt that depositing $75,000 into a bank account may seem inconceivable to many people. But if you can afford it, you have the potential to squeeze more value out of your card. We estimate each Ultimate Rewards point to be worth between 1.25 and 1.5 cents, depending on which Sapphire card you own, making the 60,000-point bonus worth up to $900. Combine the banking bonus with the cards’ 50,000-point sign-up bonus, and you have the potential to earn 110,000 bonus points – for a value up to $1,650.
Comparing Chase checking accounts
For those who don’t plan to deposit a large sum of money, but still want to take advantage of everything Chase Banking provides, there are other options. Chase offers two additional checking accounts: Chase Total Checking and Chase Premier Plus Checking.
See what each account has to offer in the table below.
Chase checking account options
| Chase Total Checking® | Chase Premier Plus CheckingSM | Chase SapphireSM Checking | |
| Monthly service fees | $12 monthly fee will be waived if:
| $25 monthly fee will be waived if:
| $25 monthly fee will be waived if:
|
| Minimum deposit required to open account | $25 | $25 | $100 |
| Account benefits |
|
|
|
If you are interested in obtaining any of these accounts, you can apply online or at a Chase banking location. Or, if you want to upgrade your existing Chase checking account to Sapphire Checking, you can do so by visiting your local Chase branch.
See related: Why the Chase Sapphire Preferred is a great first travel card, Earn 50,000 bonus points with Chase Sapphire cards
Editorial Disclaimer
The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.
Essential reads,
delivered straight to your inbox
Stay up-to-date on the latest credit card news 一 from product reviews to credit advice 一 with our newsletter in your inbox twice a week.
Your credit cards journey is officially underway.
Keep an eye on your inbox—we’ll be sending over your first message soon.
