You can open a Chase savings account online in about 10 minutes using a computer or the Chase mobile app

Chase lets you start a savings account entirely online without visiting a branch. You'll need a valid government ID, a Social Security number, and an initial deposit (which varies by account type). The process moves quickly—most people finish in one sitting—and your account becomes active the same day or next business day.

The exact steps depend on whether you're a new Chase customer or already have a checking account with them. If you bank with Chase already, opening a savings account takes even less time because the system already has your information on file.

Key Takeaways

  • You need a valid government ID, Social Security number, and an initial deposit to open a Chase savings account online.
  • New Chase customers and existing customers follow slightly different paths, but both can complete the process on a computer or phone.
  • Your account is usually active the same day, though transfers between accounts may take one business day to settle.
  • Chase offers multiple savings account types with different minimum deposits and interest rates, so confirm which one fits your situation before you start.

What you need before you begin

Gather these items before you open your browser or app. 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'll also need your Social Security number and the ability to make an initial deposit.

The minimum deposit amount depends on which Chase savings account you choose. Chase offers several versions: the basic savings account, the Premier Savings account (which requires a higher minimum), and specialty accounts tied to specific goals. Check Chase's website to see the current minimum for the account type you want. You can fund the account with a transfer from another bank, a debit card, or if you're an existing Chase customer, from your Chase checking account.

Have your phone number and email address ready—Chase will send you a confirmation code to verify both during setup.

Opening an account as a new Chase customer

Go to Chase.com and look for the "Open an Account" button, usually near the top of the page. Select "Savings" from the account type menu. You'll be asked whether you want to open the account online or in a branch; choose online. The system will ask for your basic information: name, address, date of birth, and Social Security number.

Next, you'll verify your identity. Chase will ask questions based on information in your credit file—things like "Which of these addresses have you lived at?" or "Which of these is your correct middle name?" Answer accurately. This step usually takes two to three minutes.

Once identity verification is complete, you'll choose which savings account product you want and set up your initial deposit. If you're funding from another bank, you'll enter that bank's routing number and your account number there. If you're using a debit card, enter the card details. Review the account terms, sign the disclosures electronically, and submit. Your account number appears on screen when ready, though the account itself may take until the next business day to fully set up.

Opening an account if you already bank with Chase

Log into your existing Chase account online or in the mobile app. Look for "Open Another Account" or a similar option in the menu—the exact wording varies by app version. Select "Savings Account" and choose which type you want.

Because Chase already has your identity information, this path skips the verification questions. You'll confirm your address and Social Security number, then choose your initial deposit amount. Since you're already a customer, you can transfer money from your existing Chase checking account when ready, or fund it from an external bank account using the routing and account number method.

The whole process takes three to five minutes. Your new savings account appears in your account list when ready, though if you transferred from an external bank, that transfer may take one business day to post.

What happens after you submit

Chase sends a confirmation email to the address you provided. This email contains your new account number and a summary of the account terms. Save this email or take a screenshot—you'll need the account number if you want to set up automatic transfers or link the account to external services later.

Your account is ready to use the same day in most cases. If you funded it with a transfer from another bank, that money may not arrive for one to three business days depending on the other bank's processing time. Transfers between your own Chase accounts (checking to savings, for example) post the same day or next business day.

You can start using your savings account when ready: set up automatic transfers, deposit checks through mobile deposit, or transfer money in and out through the Chase app or website.

Common issues and how to fix them

If your identity verification fails, Chase will tell you why—usually because information didn't match what's in the credit bureaus. If this happens, you can try again, but if it fails a second time, you'll need to visit a Chase branch in person with your ID. Bring your government ID and Social Security card or a tax return showing your Social Security number.

If your initial deposit doesn't go through, check that you entered the routing number and account number correctly. A single digit wrong will cause the transfer to fail. Chase will notify you by email if the deposit bounces. You can try again with corrected information, or fund the account with a debit card instead.

If you don't see your new account in the app after opening it online, try logging out completely and logging back in. Sometimes the app takes a few minutes to refresh. If it still doesn't appear after 30 minutes, contact Chase customer service—they can confirm the account was created and troubleshoot display issues.

Frequently Asked Questions

Can I open a Chase savings account on my phone?

Yes. read the Chase mobile app, log in or create a new account, and follow the same steps as the website. The app guides you through identity verification and deposit setup. Some people find the app faster because it can pull information from your phone's contacts and auto-fill certain fields.

What if I don't have a Social Security number?

Chase requires a Social Security number or Individual Taxpayer Identification Number (ITIN) to open any deposit account. If you have an ITIN, you can use that instead. If you have neither, you'll need to visit a Chase branch in person and speak with a banker about your options.

How much money do I have to put in to open the account?

The minimum deposit varies by account type. Chase's basic savings account typically has a low or zero minimum, while Premier Savings accounts require a higher opening deposit. Check the current requirements on Chase.com before you start, as these change periodically.

Can I open a savings account for someone else?

No. The person whose name is on the account must open it themselves using their own ID and Social Security number. If you want to open an account for a minor, you'll need to visit a Chase branch and bring the child's birth certificate and your ID.

Will opening a savings account hurt my credit score?

No. Opening a deposit account like a savings account does not trigger a hard credit inquiry and does not affect your credit score. Chase may do a soft inquiry to verify your identity, but this is invisible to other lenders and does not impact your credit.