JPMorgan Chase review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
JPMorgan Chase suits US students and teens who want a bank, not an app, and will happily pay for it. The Total Checking account carries a monthly fee of $15, against the €0 charged by most listings on the site, and savings sit under FDIC up to USD 250,000.
Key facts
- Best for
- A US student or teen household wanting an easy-access savings account and everyday banking under a bank licence.
- Monthly fee
- $15↗
- Deposit protection
- FDIC up to USD 250,000↗
- Local account details
- Us-ACH↗
- Transfer fee
- Free↗
- Legal entity
- JPMorgan Chase Bank, N.A.↗
- Headquarters
- United States↗
- Support channels
- Phone, Help-centre↗
- Audience
- Students, Teens
- Pricing model
- No monthly fee
- Official website
- chase.com
Savings
Pros and cons
Pros
- Deposits are protected by FDIC up to USD 250,000, the banking safety net, not a money guarantee scheme
- The savings account is easy access, with easy access through the Chase Mobile app and interest compounded and credited monthly
- Zelle transfers are free to send to a bank account, and usually land in a few minutes
- Support runs through phone and help centre
Cons
- Total Checking charges a monthly fee of $15, well above the €0 across the site
- The savings rate is variable, so the return moves rather than staying put
- Details are built around US ACH, so opening and paying in is tied to a US account setup
Who it suits
- Students and teens in the US, the audience listed for the brand
- Anyone who wants deposits under FDIC protection rather than an app guarantee
- Savings savers who want a easy access account with monthly credited interest
Who should look elsewhere
- Anyone after a fee-free account, since bunq and bunq Spain Bank Account both charge €0
- Households comparing on price alone, as Pixpay FR at €3.99 costs less per month
How JPMorgan Chase compares
8.3 vs 8.7
8.3 vs 8.6
8.3 vs 8.0
8.3 vs 8.9
8.3 vs 9.1
8.3 vs 9.2
8.3 vs 8.7Also listed at a monthly fee of €0, keeping the running cost at the bottom end.
8.3 vs 8.7
8.3 vs 8.7A monthly fee of €3.99 undercuts this account on price, though with a lower safety net.
8.3 vs 9.0
8.3 vs 8.7
8.3 vs 9.5
8.3 vs 9.4
8.3 vs 9.3
8.3 vs 9.2
8.3 vs 9.2
8.3 vs 9.2
8.3 vs 9.2
8.3 vs 9.2
8.3 vs 9.2
8.3 vs 9.1
8.3 vs 9.0
8.3 vs 9.0
8.3 vs 8.9
8.3 vs 8.9- 8.3 vs 8.9
8.3 vs 8.7
8.3 vs 8.5
8.3 vs 8.5
8.3 vs 8.5
8.3 vs 8.4
8.3 vs 8.3
8.3 vs 8.2
8.3 vs 8.1- 8.3 vs 8.1
8.3 vs 8.0
8.3 vs 8.0
8.3 vs 8.0
8.3 vs 9.1
Where JPMorgan Chase is available
- Available
- United States
- Licence in United States
- FDIC, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to keep the account open?+
The Total Checking account charges a monthly fee of $15. That puts it well above the €0 charged by the typical account on the site, so it counts among the pricier everyday accounts here. Budget for it before opening, or look at a fee-free account instead.
Is my money protected?+
Yes. Deposits sit under FDIC up to USD 250,000. The account is held by JPMorgan Chase Bank, N.A., a US bank regulated by the FDIC in the US. That is deposit insurance for your savings, not a money guarantee fund.
Can I get at my savings when I want?+
The savings account is listed as easy access. Funds are easy to reach through the Chase Mobile app, and interest is compounded and credited monthly on the daily collected balance. There is no term to sit out before you can withdraw.
What interest rate do I get?+
The rate is variable, so it can move when the bank adjusts its savings rates. The median savings account on the site carries 3%, and variable accounts make up 79% of the listings. Check the current rate at the point you open.
Does it work for students and teens?+
Yes. The brand lists student and teen among the audiences it serves, and the savings account runs on the no monthly fee model, so no monthly charge sits on it. That makes it a straightforward first bank account for a younger customer in the US.
How fast are transfers?+
Zelle transfers to a bank account are free. Delivery is usually a few minutes, though select transactions take one to two business days. Money lands in a bank account rather than a wallet or a card, so the receiving details need to be right.
What support can I get?+
Help runs on phone and help centre. Across the listings, a help centre is the most common route at 86.1%, and phone support follows at 79.5%. On this brand the listed routes are phone and help centre only.
Can I use it outside the US?+
The brand is a US bank, with details built around US ACH. The median multi-currency account on the site charges a conversion fee of 0.3%, so anyone holding several currencies should weigh that fee first.
Sources
- chase.com checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Licences
“Deposit products and related services are offered by JPMorgan Chase Bank, N.A. Member FDIC.”
- chase.com/personal/checking checked September 26, 2026
Backs: Audience, Support channels
“Chase High School Checking: Parent co-owned for teens ages 13 to 17; Chase First Banking: Parent-owned and designed with kids ages 6-12”
- chase.com/personal/checking/total-checking checked September 26, 2026
Backs: Local account details, Monthly fee
“On your checks, the routing number is the first 9 digits followed by the account number”
- chase.com/personal/savings checked September 26, 2026
Backs: Access terms, Account kind, Pricing model
“The Chase Savings account provides easy access to your funds via the Chase Mobile app.”
- chase.com/personal/savings/savings-account/interest-rates checked September 26, 2026
Backs: Rate type
“Interest rates on a savings account at Chase are variable and determined daily at Chase's discretion.”
- chase.com/personal/zelle checked September 26, 2026
Backs: Delivery time, Payout methods, Transfer fee, Fee to send 1,000
“the money will usually be available a few minutes after you send it. Select transactions may be delivered in 1 to 2 business days”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Currency conversion fee, Currencies.
Related by the facts
JPMorgan Chase
A US student or teen household wanting an easy-access savings account and everyday banking under a bank licence.