What you need to open a Chase savings account

Chase lets you open a savings account online, by phone, or in a branch. You will need a government-issued ID, your Social Security number, and an initial deposit. The deposit amount varies by account type — some Chase savings accounts require $0 to open, while others ask for $25 or more. You can fund the account with a debit card, transfer from another bank, or cash if you open in person.

The entire process takes about 10 to 15 minutes online. Chase will run a soft credit check and verify your identity through their system. You do not need an existing Chase account to start — you can open a savings account as your first account with them.

Key Takeaways

  • You can open a Chase savings account online, by phone, or in a branch using your ID, Social Security number, and an initial deposit.
  • Chase offers multiple savings account types with different features and deposit requirements, so confirm which one fits your needs before you start.
  • The online process takes 10 to 15 minutes and your account is usually active the same day.
  • You will receive a debit card and online access when ready, though some features like checks may take a few business days to arrive.

Opening online through Chase.com or the mobile app

Go to Chase.com and select "Open an Account" from the main menu, or open the Chase Mobile app and tap the menu icon. Choose "Savings" from the account type options. You will see the different savings products Chase offers — read the details on each to confirm which one you want, since features and interest rates differ.

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 background check. You will also choose your username and password for online banking. At the end, you will select how to fund the account — link a debit card, transfer from another bank, or use a routing number if you have one.

Once you submit, Chase verifies your identity and confirms your account. You should see your account number and routing number on screen within minutes. Your debit card ships within 7 to 10 business days, but you can use your account for transfers and bill pay when ready through online banking.

Opening by phone with a Chase representative

Call Chase at 1-800-935-9935 to open a savings account over the phone. A representative will walk you through the same questions as the online form — your name, address, Social Security number, and which savings product you want. The call usually takes 15 to 20 minutes.

You will still need to fund the account, so have a debit card or another bank's routing number ready. The representative can process the transfer while you are on the phone. Your account opens the same day, and you will receive your debit card in the mail within a week.

Opening in a Chase branch

Walk into any Chase branch with your ID and Social Security number. Tell the banker you want to open a savings account. They will show you the options available and help you choose based on your needs. The process takes about 20 minutes.

You can fund the account with cash, a debit card, or a transfer from another bank. If you bring cash, the banker deposits it when ready. Your account opens on the spot, and you walk out with a temporary debit card or a card number you can use right away. Your permanent card arrives in the mail within 7 to 10 days.

What happens after you open your account

Your savings account is active as soon as Chase confirms your identity. You can log into online banking and the mobile app when ready to check your balance, set up bill pay, or transfer money. Your debit card arrives separately in the mail.

Chase will send you account statements monthly, either by email or mail depending on what you choose during setup. You can change this preference anytime in your online settings. If you have questions about your account after opening, you can call customer service at 1-800-935-9935 or visit a branch.

Choosing between Chase savings account types

Chase offers several savings products, and the one you open depends on what you need. The Chase Savings Account is the standard option with no monthly fee if you keep a $0 balance. The Chase Premier Savings requires a higher opening deposit and offers a higher interest rate. Chase High Yield Savings is designed for customers who want to earn more on their balance.

Interest rates and fees change, so check Chase.com before you open to see the current terms for each account. The opening process is the same regardless of which type you choose — the difference is in how much interest you earn and what the monthly maintenance fee is, if any.

Frequently Asked Questions

Do I need an existing Chase checking account to open a savings account?

No. You can open a savings account as your first account with Chase. You do not need a checking account or any prior relationship with the bank.

What if I do not have a Social Security number?

Chase requires a Social Security number or ITIN (Individual Taxpayer Identification Number) to open an account. If you have an ITIN, you can use that instead. Contact Chase directly to discuss your situation.

How long does it take to access my money after I open?

Your account is active when ready, and you can transfer money or set up bill pay the same day. If you fund the account with a transfer from another bank, that transfer takes 1 to 3 business days to arrive, depending on the other bank.

Can I open a savings account if I have been denied by another bank?

Chase uses ChexSystems, a banking history report, to screen new accounts. If you have unpaid overdrafts or fraud on your record, Chase may decline. You can request your ChexSystems report for free to see what is on file before you explore.

What is the minimum balance I need to keep in my savings account?

This varies by account type. The standard Chase Savings Account has no minimum balance requirement. Other products may have minimums — check the specific account details on Chase.com before you open.