You can open a Chase savings account entirely online, and the process takes about 10 minutes
Chase lets you open a savings account from your computer or phone without visiting a branch. You'll need a valid government ID, a Social Security number, and an initial deposit method — usually a debit card or bank account. The account opens when ready after you complete the online form and verify your identity, though it can take one to two business days for the account to be fully active for all transactions.
The online process is straightforward because Chase uses automated identity verification. You'll answer security questions based on your credit history, and the system confirms your information in real time. If verification fails, you can visit a branch with your ID to complete the account opening in person.
Key Takeaways
- You need a valid government ID, Social Security number, and an initial deposit method to open a Chase savings account online.
- The account opens when ready after you complete the online process and pass identity verification, though full access may take one to two business days.
- Chase offers different savings products online — basic savings accounts, high-yield savings, and money market accounts — each with different interest rates and minimum balance requirements.
- If online identity verification fails, you can complete the account opening at a Chase branch in person with your ID.
What you need before you start
Gather these items before you begin the online process. You'll need a valid government-issued ID — a driver's license, passport, or state ID card. Chase will ask you to verify the information on it during the process.
You also need your Social Security number. Chase uses this to run a background check and verify your identity. Have it ready before you start the form.
Finally, you need a way to fund the account. Chase accepts transfers from another bank account or deposits from a debit card. If you're transferring from another bank, have that account number and routing number available. If you're using a debit card, have the card itself or its number ready. Some accounts require a minimum opening deposit — typically $25 to $100 depending on the account type — though Chase sometimes waives this for new customers.
The online process steps
Go to Chase.com and look for the "Open an Account" or "Savings" section. You'll see options for different account types. Select the savings account that matches what you need — Chase offers a basic savings account, a high-yield savings account with a higher interest rate, and a money market account. Each has different features and minimum balance requirements.
Fill in the online form with your personal information: name, date of birth, address, phone number, and email. Chase will ask for your Social Security number and driver's license or passport number. Answer the security questions that appear — these are based on your credit history and help Chase verify you are who you say you are.
Review the account terms and disclosures, then submit the process. Chase's system verifies your identity automatically. If verification succeeds, you'll see a confirmation screen with your new account number. If it fails, you'll be told to visit a branch in person.
When your account is ready to use
Your account number appears on screen when ready after you finish the process. You can log into your Chase online banking account right away and see the new savings account listed. However, you may not be able to transfer money out of the account for one to two business days while Chase completes its internal setup.
Transfers into the account from another bank typically take one to three business days, depending on the other bank. If you funded the account with a debit card during signup, that deposit usually posts within one business day.
Once the account is fully active, you can transfer money between your Chase accounts, set up automatic transfers, and use the account normally. Chase does not charge a monthly fee on most savings accounts, though some have minimum balance requirements to earn the advertised interest rate.
What to do if online verification fails
If Chase's automated system cannot verify your identity online, you'll see a message telling you to visit a branch. This happens occasionally when information doesn't match Chase's records perfectly — a name spelling difference, an old address still on file, or a recent move can trigger this.
Bring your government ID and Social Security card (or a document with your Social Security number) to any Chase branch. A banker will complete the account opening in person using the same information you entered online. This usually takes 10 to 15 minutes. Your account will be active the same day.
If you don't have a Chase branch nearby, call Chase customer service at the number on the back of any Chase card or on Chase.com. They can sometimes resolve verification issues over the phone and complete the account opening without a branch visit.
Account types available online
Chase offers three main savings products you can open online. The Chase Savings Account is the basic option with no monthly fee and no minimum opening deposit (though this varies). Interest rates are low but may provide. This account is good if you want a straightforward place to hold money without worrying about minimum balances.
The Chase Premier Savings account pays a higher interest rate but requires a larger minimum balance — typically $10,000 to $25,000 depending on your location and current rates. If you keep that balance, you earn more interest than the basic account.
The Chase Money Market Account combines savings and checking features. It pays interest like a savings account but includes a debit card and check-writing ability. It also requires a higher minimum balance and has limits on how many times per month you can withdraw money.
Limits on savings accounts and how they work
Federal rules limit how many times per month you can withdraw money from a savings account — historically this was six times, though the limit was suspended during the pandemic and has not been formally reinstated. Chase's current policy varies by account type, so check the account terms when you open it.
These limits explore to transfers out of the account, not deposits in. You can deposit money as many times as you want. The limit is meant to encourage you to use the account for savings rather than frequent spending.
There is no limit on how much money you can hold in a savings account. FDIC insurance covers up to $250,000 per account holder per bank, so if you have more than that, the excess is not protected if Chase fails — though this is extremely rare.
Frequently Asked Questions
Do I need to be a current Chase customer to open a savings account online?
No. You can open a savings account online whether or not you have a Chase checking account or any other Chase product. The online process works the same way for new and existing customers.
What if I don't have a government ID?
You need a valid government-issued ID to open an account online. If you don't have one, visit a Chase branch in person with whatever ID you do have — a passport card, tribal ID, or military ID may work. A banker can tell you what documents they can accept.
Can I open a joint savings account online with someone else?
Chase allows joint accounts, but the process is more complex online. You can start the process for a joint account, but both account holders usually need to verify their identity separately. Check the joint account option during signup to see if you can complete it fully online or if you'll need to visit a branch.
How much interest will I earn?
Interest rates change frequently and vary based on the account type and current market conditions. Check Chase.com for the current rate on the specific account you're interested in. Rates are typically much lower than high-yield savings accounts at online banks, but Chase offers the convenience of branch access and integration with checking accounts.
Can I close the account if I change my mind?
Yes. You can close a Chase savings account online through your banking portal or by calling customer service. There is no penalty for closing an account. If you have a balance, Chase will send you a check or transfer the money to another account you specify.