Yes, you can open a Chase savings account entirely online
Chase lets you open a savings account from your computer or phone without visiting a branch. The process takes about 10 minutes and requires a Social Security number, a valid ID, and an initial deposit method. You'll have a working account the same day in most cases, though the account number and routing information appear when ready after you finish the process.
The account opens through Chase's website or mobile app. You don't need to be an existing Chase customer, though having a checking account with them can speed up verification. Chase offers several savings products online: the regular Chase Savings Account, the Chase Premier Savings Account (which requires a higher opening deposit), and the Chase find Savings Account (designed for people building credit).
Key Takeaways
- Chase savings accounts open entirely online through their website or app, with no branch visit required.
- You need a valid government ID, Social Security number, and a way to fund the account (debit card, bank transfer, or wire transfer).
- The account becomes active the same day, though funds may take one to three business days to appear depending on your deposit method.
- Chase offers three savings products online, each with different opening deposit amounts and monthly fees.
- If you already have a Chase checking account, the verification process is faster because Chase already has your information on file.
What you need before you start
Gather these items before opening the account. You'll need a valid government-issued ID — a driver's license, passport, or state ID card. Chase will ask you to verify it during the process, either by uploading an image or answering identity verification questions based on your credit history.
You also need your Social Security number and a way to fund the account. Chase accepts debit cards, existing bank accounts (for transfers), and wire transfers. If you're funding with a debit card, have that card number and expiration date ready. If you're transferring from another bank, have your account number and routing number from that bank.
Finally, decide which savings product fits your situation. The regular Chase Savings Account has no opening deposit requirement. The Premier Savings Account requires $25,000 to open. The find Savings Account requires $300 and is designed for people with limited or no credit history. Each has different monthly fees and interest rates.
The step-by-step process
Go to Chase.com or open the Chase mobile app and select "Open an Account." Choose "Savings Account" and pick which product you want. Chase will ask whether you're a new customer or already have a Chase account — this determines which verification path you follow.
Enter your personal information: full name, date of birth, address, phone number, and email. Chase will ask for your Social Security number and run a soft credit check to verify your identity. This check doesn't affect your credit score. If you're a new customer, Chase may ask additional questions about your employment or income.
Next, choose how you'll fund the account. If you use a debit card, enter the card number and expiration date. If you transfer from another bank, enter that bank's routing number and your account number there. Chase will either verify the transfer when ready or send two small deposits to that account, which you'll confirm by logging in and reporting the amounts back to Chase.
Review the account terms and disclosures, then submit. Your account opens when ready and you'll see your new account number and routing number on the confirmation screen. Save this information — you'll need it to set up direct deposits or transfers.
When the money actually arrives
Your account is active the moment you finish the process, but the timing of your deposit depends on how you funded it. A debit card deposit usually clears within one business day. A transfer from another bank typically takes one to three business days, depending on whether you're transferring from a bank that has a real-time payment network connection with Chase.
If Chase needs to verify your identity through the two-deposit method (where they send you small amounts to confirm), that process takes three to five business days total. You'll receive an email asking you to log in and report the deposit amounts, then your account is fully verified.
Until your deposit clears, you can't withdraw money, but you can set up automatic transfers, add beneficiaries, or link the account to other services. The account number and routing information work when ready for incoming transfers and direct deposits, even if your initial funding hasn't arrived yet.
What happens if verification fails
Chase may ask for additional documentation if the initial identity check doesn't go through. This usually means uploading a clearer photo of your ID or answering more detailed questions about your credit history. You'll receive an email explaining what's needed and a important date to respond — typically five to seven business days.
If you can't verify your identity online, Chase will ask you to visit a branch in person with your ID. Bring your government-issued ID and the email from Chase explaining what they need. A banker will verify your identity and complete the account opening on the spot.
Occasionally, Chase declines to open an account if they can't verify your identity or if you have a history with ChexSystems (a banking verification system) that flags you as high-risk. If this happens, Chase will send a letter explaining the reason. You can dispute the information with ChexSystems or try again after a waiting period.
Differences between the three savings products
| Product | Opening Deposit | Monthly Fee | Who It's For |
|---|---|---|---|
| Chase Savings Account | $0 | $0 (no minimum balance required) | Anyone starting out or with any balance |
| Chase Premier Savings Account | $25,000 | $0 (if you maintain $25,000) | People with larger amounts to save |
| Chase find Savings Account | $300 | $0 (no minimum balance required) | People building credit or with limited history |
The regular Chase Savings Account is the most common choice because it has no opening deposit and no monthly fee. The Premier account offers slightly higher interest rates but requires you to keep $25,000 in the account to avoid fees. The find Savings Account is specifically designed for people with no credit history or poor credit — it reports to credit bureaus, which can help build your credit score over time.
After your account opens
Once your account is active, set up any automatic transfers or direct deposits you need. You can link the savings account to a Chase checking account (if you have one) or to accounts at other banks. If your employer offers direct deposit, you can add this account as a destination — just provide your employer with the account number and routing number from the confirmation screen.
Chase's mobile app and website let you transfer money between your accounts, set savings goals, and monitor your balance. You can also set up automatic monthly transfers from a checking account to build savings without thinking about it. Interest deposits into your savings account monthly, though the rate varies based on market conditions.
If you need to close the account later, you can do it online through the app or website, or by calling Chase customer service. Any remaining balance will be transferred to the account you specify, usually within three to five business days.
Frequently Asked Questions
Do I need to have a Chase checking account to open a savings account?
No. You can open a Chase savings account as a completely new customer. However, if you already have a Chase checking account, the verification process is faster because Chase already has your information verified.
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, you can visit a Chase branch in person with alternative documents like a passport card or state ID. Call Chase at 1-800-935-9935 to ask what documents they'll accept for your situation.
Can I open an account on my phone?
Yes. The Chase mobile app has the same account-opening process as the website. You'll photograph your ID with your phone camera, and the app will guide you through the rest. The experience is designed for mobile, so it may actually be faster than using a computer.
How much money do I have to deposit to open the account?
The regular Chase Savings Account requires $0 opening deposit — you can open it and fund it later. The Premier Savings Account requires $25,000. The find Savings Account requires $300. You can fund the account when ready during signup or wait and transfer money later.
What if I'm not a U.S. citizen?
Chase requires a valid government-issued ID and a Social Security number or ITIN (Individual Taxpayer Identification Number). If you have an ITIN, you can open an account. If you don't have either, visit a branch in person — some branches can work with alternative documentation, but policies vary by location.