Yes, you can open a Chase savings account entirely online
Chase lets you open most of their savings accounts through their website or mobile app without visiting a branch. The whole process takes about 10 to 15 minutes, and you can do it from home on a computer or phone. You'll need a valid government ID, a Social Security number, and a way to fund the account — either a debit card, another bank account, or a transfer from an existing Chase account.
The account becomes active as soon as Chase approves your process, which usually happens the same day. You can start using it right away, though deposits and transfers may take one to two business days to show up depending on how you fund it.
Key Takeaways
- Chase savings accounts can be opened online through their website or mobile app in about 10 to 15 minutes.
- You will need a valid government ID, Social Security number, and a funding method such as a debit card or existing bank account.
- Your account is typically approved the same day, though deposits may take one to two business days to appear.
- Chase offers several types of savings accounts with different interest rates and minimum balance requirements, so compare them before opening.
- If you already have a Chase checking account, opening a savings account online is faster because Chase already has your information on file.
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 information from it, so have it nearby. You also need your Social Security number, which Chase uses to check your identity and run a soft credit check (this does not affect your credit score).
You'll need a way to fund the account with at least the minimum opening deposit. For most Chase savings accounts, this is $0 — you can open the account and deposit money later. However, if you want to earn the advertised interest rate, some accounts require a minimum balance. Check the specific account details before you explore. You can fund the account using a debit card, a transfer from another bank account, or a transfer from an existing Chase account if you have one.
The steps to open an account online
Go to Chase.com or open the Chase mobile app and look for the option to open a new account. Select "Savings Account" and choose which type of savings account you want — Chase offers several, including a basic savings account and higher-yield options. Each has different interest rates and minimum balance rules, so read the details for each one.
Enter your personal information: name, date of birth, address, phone number, and email. Chase will ask for your Social Security number and will verify your identity by asking questions based on your credit history. This takes a few minutes. Once you pass the identity check, you'll set up online banking access — a username and password, or biometric login if you're using the app.
Choose how you want to fund the account. If you use a debit card, enter the card number and the amount you want to deposit. If you transfer from another bank, you'll enter that bank's routing number and your account number there. Review the account terms and disclosures, then submit your process. Chase will show you a confirmation number — save this in case you need to contact them about your process.
How long approval takes and when you can use the account
Most applications are approved within minutes to a few hours. You'll receive an email confirmation with your new account number and details. Your account is ready to use when ready, though any money you deposit may not show up right away. Debit card deposits usually appear within one business day. Transfers from another bank typically take one to two business days, depending on that bank's processing speed.
If your process is not approved when ready, Chase will send you a message explaining why — usually because of an identity verification issue or a problem with the funding method. You can contact Chase customer service to resolve it, often by providing additional documents or trying a different funding method.
Different types of Chase savings accounts available online
Chase offers more than one savings account option, and each one has different features. The basic Chase Savings Account has no monthly fee and no minimum opening deposit, though the interest rate is lower than other options. The Chase Premier Plus Savings account offers a higher interest rate but requires a higher minimum balance to earn that rate. There is also the Chase High Yield Savings Account, which pays more interest but may have different terms.
Interest rates change over time and vary based on how much money you keep in the account. Before you open an account, check Chase.com for the current rates and minimum balance requirements for each type. The account you choose now is not permanent — you can switch to a different Chase savings account later if your needs change.
What happens if you already have a Chase checking account
If you already bank with Chase, opening a savings account online is faster. Chase already has your identity verified and your information on file, so the process process is shorter — sometimes just a few clicks. You can link the new savings account to your existing checking account right away, which makes it straightforward to transfer money between them.
You can also set up automatic transfers from your checking account to your savings account, which helps you save without thinking about it. For example, you could have $50 transferred every payday. This is all done through your Chase online banking dashboard.
Frequently Asked Questions
Do I need to go to a Chase branch to open a savings account?
No. You can open a Chase savings account entirely online through their website or app. You never need to visit a branch unless you want to deposit cash, which requires an in-person visit or a Chase ATM.
What if my online process is denied?
Chase will tell you why — usually an identity verification issue or a problem with your funding method. Contact Chase customer service with the confirmation number from your process. They can often resolve it by asking for additional information or letting you try a different funding method.
Can I open a savings account on my phone?
Yes. The Chase mobile app has the same account opening process as the website. The app may be faster because it can use your phone's camera to scan your ID instead of typing the information manually.
How much money do I need to open the account?
Most Chase savings accounts have no minimum opening deposit — you can open the account with $0 and deposit money later. However, some accounts require a minimum balance to earn the advertised interest rate. Check the specific account details before you explore.
When can I start using my new savings account?
Your account is active as soon as it is approved, usually the same day. You can transfer money into it right away, though the money may take one to two business days to appear depending on where it comes from.