Chase offers 3 checking accounts with no minimum opening deposit and up to $200 in sign-up bonuses

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  • Chase offers three checking accounts: Chase Total Checking® (Member FDIC), Chase Premier Plus Checking℠ (Member FDIC), and Chase Sapphire℠ Checking (Member FDIC).
  • All three Chase checking accounts require no opening deposit and charge $34 for overdrawing from your account.
  • Your choice between the three may depend on monthly fees, out-of-network ATM fees, APY, or sign-up bonuses.
  • Chase Sapphire℠ Checking doesn't charge out-of-network ATM fees worldwide, and it offers unlimited ATM fee reimbursements.
  • See Business Insider's picks for the best checking accounts »

Chase offers three checking accounts: Chase Total Checking®, Chase Premier Plus Checking℠, and Chase Sapphire℠ Checking. All three offer access to nearly 4,900 branches and 16,000 ATMs.

Chase doesn't require an initial deposit to open any checking account. The bank does charge monthly fees, but fees are waived if you meet certain qualifications.

 Chase Total Checking®Chase Premier Plus Checking℠Chase Sapphire℠ Checking
Monthly fees$12$25$25
How to waive monthly fees
  • $500 in monthly direct deposits, or
  • $1,500 daily balance, or
  • Average $5,000 daily balance in combination of Chase accounts
  • Average $15,000 daily balance in combination of Chase accounts
  • Link Chase mortgage automatic payments to account
Average $75,000 daily balance in combination of Chase accounts
Minimum opening deposit$0$0$0
Overdraft fees$34, up to 3/day*$34, up to 3/day*$34, up to 3/day*
ATM fees$2.50 for out-of-network ATMNo charge for first 4 out-of-network ATM transactions per month, then $2.50None worldwide, unlimited ATM fee reimbursements
Sign-up bonus$200 when you open a new account and set up direct deposit (expires 01/20/2021)NoneNone

*If you also have a Chase savings account, you can enroll in Overdraft Protection, which transfers money from your savings to checking account to keep you from overdrawing and paying a fee.

Should you use a Chase checking account?

You may like a Chase checking account if you:You probably shouldn't open a Chase checking account if you:
  • Are looking for a sign-up bonus (applicable to Chase Total Checking®)
  • Don't have much money for an opening deposit
  • Have easy access to the Chase ATM network
  • Can meet the requirements to avoid monthly fees
  • Travel abroad regularly (applicable to Chase Sapphire℠ Checking)
  • Want to earn a high APY on your checking balance
  • Tend to overdraw regularly
  • Will frequently use out-of-network ATMs (applicable to Chase Total Checking® and Chase Premier Plus Checking℠)
  • Can't meet the requirements to avoid monthly fees

The bottom line: Chase is a good option if you want a brick-and-mortar bank with a large branch and ATM network.

Chase Total Checking® review

Chase Total Checking®

Chase Chase Total Checking®Chase Chase Premier Plus Checking℠Chase Chase Sapphire℠ CheckingChase

Wells Fargo
Bank of America

Monthly fees

$12 to $25

Monthly fees

$10 to $30

Monthly fees

$4.95 to $25

Minimum opening deposits


Minimum opening deposits


Minimum opening deposits

$25 to $100

Sign-up bonuses

Up to $200

Sign-up bonuses


Sign-up bonuses

Up to $100

Open an accountOpen an accountOpen an account

Chase checking vs. Wells Fargo checking

Like Chase, Wells Fargo offers three tiers of checking accounts. Chase and Wells Fargo pay similar rates, charge roughly the same amount for overdraft fees, and have comparable rules regarding out-of-network ATM fees.

You'll like Chase if you want to earn a sign-up bonus. You can earn up to $200 with Chase, but Wells Fargo doesn't offer any sign-up bonuses right now.

Your choice between Chase and Wells Fargo will likely come down to which tier of checking account you want to open. For example, Chase's middle-tier checking account (Chase Premier Plus Checking℠) allows four free out-of-network ATM transactions per month, while Wells Fargo's middle checking account (Preferred) only allows one per month. Wells Fargo's most basic checking account's monthly fee is lower than Chase's, but its most advanced checking account's fee is higher than Chase's.

Chase checking vs. Bank of America checking

Just like Chase, Bank of America offers three levels of checking accounts. Your preference between Chase and Bank of America may depend on which level of checking account you want to open. For example, Chase's most basic checking account (Chase Total Checking®) charges a $12 monthly fee, but Bank of America's most basic account (Advantage SafeBalance) only charges a $4.95 fee.

Chase doesn't require an opening deposit, but Bank of America requires between $25 and $100 upfront, depending on the checking account. Chase also provides more opportunities to waive ATM fees than Bank of America does, depending on which account you open.

American Express American Express® High Yield Savings AccountChase Chase Savings℠ CIT CIT Bank Savings Builder High Yield Savings AccountHSBC HSBC Premier Checking Account ($600)

Get the latest Bank of America stock price here.

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