You can open a Chase savings account online in about 10 minutes using a computer or phone
Chase lets you start a savings account entirely online without visiting a branch. The process takes you through identity verification, account setup, and funding in one session. 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 wire transfer.
The account opens when ready after you complete the process and verify your identity. You can begin using it the same day, though transfers from external accounts may take a few business days to arrive.
Key Takeaways
- You need a valid government ID, Social Security number, and either a debit card or another bank account to fund the account during signup.
- The entire online process takes 10 to 15 minutes and completes in one session without requiring a branch visit.
- Chase verifies your identity when ready using information from your ID and credit history, so you'll know right away if you're approved.
- Your account is active the same day, though money from external bank accounts takes one to three business days to arrive.
- Chase savings accounts have no monthly maintenance fee, but the interest rate and minimum balance requirements vary by account type.
What you need before you start
Gather these items before opening your browser: a valid government-issued ID (driver's license, passport, or state ID), your Social Security number, and your date of birth. Chase uses this information to verify who you are and check your banking history.
You'll also need a way to fund the account. You can use a debit card, transfer money from another bank account, or arrange a wire transfer. If you're funding with a debit card, have the card number and expiration date ready. If you're transferring from another bank, you'll need the routing number and account number of that account.
Have your phone nearby. Chase may send a verification code to your phone number during the process to confirm your identity.
The step-by-step process
Go to chase.com and click "Open an Account" or navigate directly to the savings account page. Select "Savings Account" from the account type options. Chase will show you the current savings account products — typically a basic savings account and a high-yield option — with their interest rates and features listed side by side.
Choose the account type that fits your needs and click "Open Now." You'll be asked to enter your email address and create a password. This becomes your login for Chase online banking. Then enter your personal information: full name, date of birth, Social Security number, and current address.
Chase will ask whether you're a U.S. citizen and whether you have an existing Chase account. Answer honestly — if you already bank with Chase, the system may link your new savings account to your existing login. Next, you'll upload or photograph your government ID. Most phones can do this directly in the app; on a computer, you can upload a file or take a photo with your device's camera.
Chase verifies your identity in real time using the information on your ID and your Social Security number. This usually takes less than a minute. If verification fails, you'll see a message explaining why — often because the information doesn't match Chase's records — and you can try again or contact Chase support.
Funding your new account
Once your identity is verified, you'll choose how to fund the account. If you use a debit card, enter the card number, expiration date, and CVV. Chase processes debit card funding when ready, and the money appears in your savings account within minutes.
If you transfer from another bank account, enter the routing number and account number of that bank. Chase will initiate an ACH transfer, which typically takes one to three business days. You can fund with as little as $0 — Chase has no minimum opening deposit — but you'll need to add money before the account becomes useful.
You can also skip funding during signup and add money later through Chase's app or website. Many people do this if they want to review the account details before moving money.
What happens after you submit
Your account number and routing number are generated when ready after verification completes. You can see these in the Chase app or online banking portal right away. Write them down or take a screenshot if you plan to set up direct deposit or external transfers.
If you funded with a debit card, the money is yours to use when ready. If you initiated an ACH transfer from another bank, check back in one to three business days — Chase will send you a notification when the transfer arrives. You can set up alerts in the Chase app to notify you when deposits post.
Your savings account is fully active the same day you open it. You can transfer money between your Chase accounts, set up automatic transfers, or begin earning interest right away, depending on your account type.
Interest rates and account features vary
Chase offers different savings account products with different interest rates. The basic savings account typically earns a lower rate, while the Chase Savings Account with higher yield earns more. Interest rates change based on Federal Reserve decisions and market conditions, so check chase.com for the current rate before opening.
Most Chase savings accounts have no monthly maintenance fee and no minimum balance requirement to keep the account open. However, some accounts may have limits on how many withdrawals you can make per month — federal rules historically capped this at six, though that rule has been relaxed. Check the account details during signup to see what limits explore.
You can change your account type later if you want to switch to a higher-yield option or downgrade to a basic account. This usually takes a few minutes through the Chase app or by calling customer service.
Troubleshooting common problems
If your identity verification fails, the most common reason is that your information doesn't match what's in Chase's system or the credit bureaus' records. Check that you've entered your name, address, and date of birth exactly as they appear on your ID and Social Security card. Spaces, hyphens, and middle initials matter. Try again, and if it fails a second time, call Chase at the number on their website to verify your identity over the phone.
If your debit card funding is declined, the card issuer may have blocked the transaction. This sometimes happens with new cards or cards that haven't been used online before. Call your card issuer to confirm the transaction, then try again in the Chase app.
If you don't receive a verification code on your phone, check that you entered your phone number correctly. Ask Chase to resend the code, or use an alternative verification method if one is offered. If you're still stuck, contact Chase support through the app or website — they can verify you manually.
Frequently Asked Questions
Can I open a Chase savings account if I don't have an existing Chase checking account?
Yes. You can open a savings account as your first Chase account. The online process is the same whether you're a new customer or an existing one. If you already have a Chase account, the new savings account will link to your existing login automatically.
How long does it take for money to show up after I fund the account?
Debit card funding appears within minutes. ACH transfers from another bank take one to three business days. Wire transfers are faster but require you to contact Chase for wire instructions — they don't process wires during the initial signup. Check your Chase app for real-time updates on transfer status.
What if I want to close the account after opening it?
You can close a Chase savings account anytime through the app, online banking, or by calling customer service. If there's money in the account, Chase will ask how you want it returned — usually by check or transfer to another account. There's no penalty for closing early.
Do I need to verify my identity again if I already have a Chase checking account?
No. If you're logged into an existing Chase account, the system recognizes you and skips the identity verification step. You'll still need to provide information about the new savings account, but the process is faster.
Can I open the account on my phone, or do I need a computer?
You can open the account on either a phone or computer. The Chase mobile app and website both support account opening. On a phone, you can photograph your ID directly in the app, which is often faster than uploading a file on a computer.