Yes, you can open a Chase savings account entirely online
You can open a Chase savings account from your computer or phone without visiting a branch. The whole process takes about 10 minutes, and you'll have an account number the same day. You'll need a Social Security number, a valid ID, and a way to fund the account — either a debit card, another bank account, or a transfer from an existing Chase account.
Chase offers several types of savings accounts online, each with different interest rates and minimum balance requirements. The most common option for new customers is the Chase Savings Bank account, though Chase also offers high-yield savings accounts if you're looking for better interest rates. The account you choose depends on how much you plan to keep in savings and what features matter to you.
Key Takeaways
- You can complete the entire signup process on Chase's website or mobile app in about 10 minutes without visiting a branch.
- You'll need a Social Security number, valid government ID, and a way to fund your account — either a debit card, another bank account, or an existing Chase account.
- Chase offers different savings accounts with different interest rates and minimum balances, so compare your options before you choose.
- Your account opens when ready, but transfers from outside banks may take one to three business days to arrive.
What you need before you start
Gather these items before you begin the online signup. You'll need your Social Security number, a government-issued ID (driver's license, passport, or state ID), your date of birth, and your current address. Chase will ask you to verify this information as part of opening the account.
You also need a way to fund your new account. You can use a debit card from another bank, provide the routing and account number from another bank account, or transfer money from an existing Chase account if you already have one. Chase requires an initial deposit, though the amount varies by account type — some accounts have no minimum, while others require $300 or more. Check the specific account details before you start.
The step-by-step process on Chase.com
Go to Chase.com and look for the "Open an Account" button, usually near the top of the page. Click it and select "Savings" from the account type options. You'll then choose which savings account product you want — Chase Savings Bank, Chase Premier Savings, or Chase Premier Plus Savings are the most common options for new customers.
Enter your personal information: name, date of birth, Social Security number, address, phone number, and email. Chase will ask you to create a username and password for online banking. Next, you'll verify your identity by answering security questions based on your credit history, or by uploading a photo of your ID. This usually takes a few minutes.
Finally, you'll fund the account. Choose whether you're using a debit card, another bank account, or an existing Chase account. If you use a debit card, the money appears when ready. If you transfer from another bank, it typically takes one to three business days. Once you submit everything, your account opens right away — you'll see your account number on the confirmation screen.
Opening an account on the Chase mobile app
The process on the Chase mobile app is nearly identical to the website. read the Chase app, tap "Open an Account," and follow the same steps: choose your account type, enter your information, verify your identity, and fund the account. The mobile app may be slightly faster because it can use your phone's camera to scan your ID instead of you uploading a photo.
One advantage of using the app is that you can open the account anywhere — at home, at work, or on the go. The app also lets you set up mobile banking and mobile check deposit at the same time, so you can start using your account when ready after it opens.
Different Chase savings accounts and their features
Chase offers three main savings accounts for individual customers, each with different interest rates and minimum balance requirements. Chase Savings Bank is the basic option with no monthly fee and no minimum balance requirement. Chase Premier Savings requires a higher minimum balance (usually $10,000 or more) but pays a higher interest rate. Chase Premier Plus Savings requires an even higher minimum balance and pays the highest rate of the three.
Interest rates change frequently, so the rate you see today may be different next month. All three accounts let you make up to six withdrawals per month before Chase charges a fee — this is a federal rule that applies to most savings accounts. After six withdrawals, you'll pay a fee for each additional withdrawal that month. You can make unlimited deposits and transfers into the account.
What happens after your account opens
Your account is ready to use when ready. You'll receive a debit card in the mail within 7 to 10 business days, though you can request a rush card for an extra fee if you need it sooner. Until your card arrives, you can transfer money out of your savings account to a checking account, or use your account number and routing number to set up direct deposit from your employer.
You can also link your new savings account to an existing Chase checking account right away, which makes it straightforward to move money between accounts. If you funded your account with a debit card from another bank, that money should appear within a few minutes. If you transferred from another bank account, check back in one to three business days.
Common reasons the online signup might not work
If your process is declined or you get stuck during signup, it's usually because of one of these reasons: Chase couldn't verify your identity through the security questions, your Social Security number doesn't match your name in their system, or you have a history with ChexSystems (a banking verification service) that flags you as high-risk.
If this happens, you have two options. You can visit a Chase branch in person with your ID and Social Security card — a banker can often open the account on the spot even if the online system declined you. Or you can call Chase customer service at the number on the back of any Chase card, or 1-800-935-9935, and ask a representative to help you open the account over the phone. Both routes take longer than online signup, but they often work when the website doesn't.
Frequently Asked Questions
Do I need an existing Chase account to open a savings account online?
No. You can open a Chase savings account as your first account with Chase. If you already have a Chase checking account, you can link them together, but it's not required. You can fund a new savings account with a debit card from any other bank.
How long does it take to access my money after I open the account?
If you fund the account with a debit card, your money is available when ready. If you transfer from another bank account, it takes one to three business days. Your account itself opens right away — you'll have an account number within minutes of completing signup.
Will opening a savings account hurt my credit score?
No. Opening a savings account is not a credit inquiry and does not affect your credit score. Chase may check ChexSystems, which is a banking history database, but that also does not impact your credit.
Can I open more than one savings account with Chase?
Yes. You can open multiple savings accounts online. Some people open one account for emergency savings and another for a specific goal. Each account has its own account number and can earn interest separately.
What if I don't have a Social Security number?
Chase requires a Social Security number or Individual Taxpayer Identification Number (ITIN) to open an account. If you don't have either, you'll need to visit a branch in person and speak with a banker about your options.