You can open a Chase savings account online in about 10 minutes using a computer or the Chase mobile app, but you'll need a Social Security number, a valid ID, and either an existing Chase account or a way to fund the account when ready.

Chase offers several savings account types online: the Chase Savings Account (the standard option), Chase Premier Savings (requires higher balances), and Chase find Savings. The online process is the same for all three—the difference is in the minimum balance requirements and interest rates. You don't need to visit a branch, but you do need to be a U.S. resident, at least 18 years old, and able to verify your identity through Chase's system.

The entire process happens on Chase.com or in the Chase mobile app. You'll answer questions about yourself, verify your identity (usually when ready), link a funding source, and receive your account number the same day. If you already have a Chase checking account, the process is faster because Chase already has your information on file.

Key Takeaways

  • You need a valid government-issued ID, Social Security number, and proof of current address to open an account online.
  • If you don't have an existing Chase account, you must fund the new savings account with at least $0 (Chase has no minimum opening deposit for most savings accounts, but check the current requirement when you start).
  • Identity verification happens automatically during signup—Chase checks your information against databases in real time, and most people are approved within minutes.
  • Your account number and routing number appear when ready after approval, so you can start using the account the same day.
  • If verification fails online, you can visit a Chase branch in person with your ID to complete the account opening.

What Documents and Information You'll Need

Gather these items before you start: a valid government-issued photo ID (driver's license, passport, or state ID), your Social Security number, and your current address. Chase will ask you to confirm your address during signup, so have a recent utility bill, lease, or mortgage statement handy if your ID address is outdated.

You'll also need a way to fund the account. This can be a debit card, a checking account at any bank (you'll provide the routing and account number), or an existing Chase account. Chase does not require a minimum opening deposit for most savings accounts, but confirm the current requirement on their website before you begin, as this can change.

If you're opening the account on a mobile device, make sure your phone's camera works—Chase uses it to photograph your ID during the verification step. If your camera doesn't work, you can complete the process on a computer instead.

The Step-by-Step Process on Chase.com or the App

Step 1: Go to the Chase savings account page. On Chase.com, navigate to "Open an Account" and select "Savings." In the Chase mobile app, tap the menu, select "Open an Account," and choose "Savings." You'll see the different savings account options with their current interest rates and features.

Step 2: Choose your account type. Select between Chase Savings Account, Chase Premier Savings, or Chase find Savings. The standard Chase Savings Account has no monthly fee and no minimum balance. Premier Savings requires a higher balance but pays a higher interest rate. find Savings is designed for people building credit. Choose based on how much you plan to keep in the account.

Step 3: Enter your personal information. You'll provide your name, date of birth, Social Security number, current address, phone number, and email. Chase uses this to verify your identity against government records and check for fraud. Be exact—mismatches between what you enter and what's on file can slow verification.

Step 4: Verify your identity. Chase will ask you to photograph your ID using your phone or computer camera. Hold the ID steady, make sure the photo is clear, and follow the on-screen instructions. The system checks your photo against the ID image and cross-references your information with databases. Most people are approved when ready. If the system flags something, you'll see a message telling you what to do next—usually to call Chase or visit a branch.

Step 5: Link a funding source. Provide a debit card number, a checking account number and routing number, or select an existing Chase account. Chase will verify the account by depositing and withdrawing a small amount (usually under $1) within one to two business days. You don't need to wait for this to complete—your savings account opens when ready.

Step 6: Review and confirm. Chase will show you a summary of your new account, including the account number, routing number, and interest rate. Screenshot or write down the account number. You'll receive a confirmation email within minutes.

What Happens If Identity Verification Fails Online

If Chase's automated system cannot verify your identity, you'll see a message during signup explaining why. Common reasons include a mismatch between the name on your ID and the name in Chase's system, an address that doesn't match government records, or a photo that's too blurry to read.

When this happens, Chase will offer you the option to complete the account opening in person at a Chase branch. Bring your government-issued ID and your Social Security number. A banker will verify your identity manually, which usually takes 10 to 15 minutes. Your account will be active by the end of the appointment.

You can also call Chase at the number on the back of any Chase card (or 1-800-935-9935 if you don't have one) to ask what information didn't match and whether you can correct it and try again online. Sometimes a straightforward fix—like updating your address in Chase's system first—allows you to complete the process remotely on your next attempt.

Funding Your Account and When You Can Use It

Your savings account is active and usable when ready after you complete the online process. You can transfer money into it right away using the account number and routing number Chase provides. If you linked a debit card, you can fund the account when ready. If you linked a checking account at another bank, the transfer usually takes one to two business days.

You can withdraw money from your savings account at any time through Chase's website, app, or by visiting a branch. You can also set up automatic transfers from a checking account to build savings on a schedule. However, federal rules limit you to six withdrawals or transfers out of a savings account per month (this rule was suspended during the pandemic but has been reinstated). Transfers between your own Chase accounts don't count toward this limit.

If you need to deposit cash, you can do so at any Chase ATM or branch. Cash deposits at ATMs post when ready; deposits at a branch post the same business day.

Fees and Interest Rates

Chase Savings Account has no monthly maintenance fee, no minimum balance requirement, and no fee for transfers or withdrawals. The interest rate varies based on market conditions and the account type you choose. Check Chase.com for the current rate before you open the account—rates change frequently and vary slightly by region.

Chase Premier Savings requires a higher balance (typically $25,000 or more, but confirm current requirements) and pays a higher interest rate. If your balance falls below the minimum, you'll be downgraded to the standard Chase Savings Account, which has a lower rate.

Chase find Savings is designed for people with limited credit history. It has no monthly fee and no minimum balance, but the interest rate is typically lower than the standard savings account. There are no penalties for closing it early.

Frequently Asked Questions

Can I open a Chase savings account if I don't have an existing Chase account?

Yes. You can open a savings account as your first Chase account. You'll need to fund it during signup with a debit card or a checking account from another bank. If you want to open a checking account at the same time, you can do that in a separate process on the same day.

How long does it take to open the account?

The online process takes 10 to 15 minutes from start to finish. Identity verification is usually when ready. You'll have an account number and routing number before you finish. If verification fails and you need to visit a branch, the in-person process takes about 15 minutes.

What if I'm under 18?

You cannot open a Chase account online if you're under 18. You'll need to visit a Chase branch with a parent or guardian, who will open a Chase Youth Savings Account on your behalf. A parent or guardian must be a Chase customer and present their ID.

Can I change my mind and close the account after opening it?

Yes. You can close a Chase savings account anytime through the app, on Chase.com, or by calling Chase. There's no penalty for closing early. Withdraw any remaining balance before you close, or Chase will mail you a check.

What if I move to a different state after opening the account?

Your account remains active and works the same way. Interest rates may vary slightly by state, but Chase will notify you if there's a change. You don't need to do anything—your account follows you.