Do Chase Checking Accounts Have Monthly Fees?
Chase does charge monthly fees on most checking accounts, though the amount and how to waive them depend on the specific account type. Understanding these fees helps you choose the right account and avoid unnecessary charges.
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Chase Checking Account Fees at a Glance
| Account Type | Monthly Fee | How to Waive It |
|---|---|---|
| Chase Total Checking | $12 | Direct deposit, $1,500 average daily balance, or $5,000 in combined deposits and investments |
| Chase Secure Checking | $12 | Direct deposit of at least $500 or $5,000 in combined deposits and investments |
| Chase College Checking | $0 | No fee for eligible students under 24 |
| Chase High School Checking | $0 | No monthly fee |
| Chase Private Client Checking | $0 | No fee for eligible clients |
How to Avoid Chase Checking Fees
The most common way to waive the monthly fee is to set up a direct deposit. For Chase Total Checking, a single direct deposit of at least $500 qualifies. You can also maintain a minimum average daily balance or keep a combined balance across linked Chase accounts and investments. These requirements are consistent across most personal checking accounts, though the specific dollar thresholds vary.
Other Potential Fees to Know
Beyond the monthly maintenance fee, Chase checking accounts may incur other charges. Overdraft fees apply when a transaction exceeds your available balance, though Chase offers overdraft protection programs that link to a savings account or line of credit. Out-of-network ATM fees may also apply when using non-Chase ATMs, though Chase has a large domestic ATM network. International transactions and foreign ATM usage carry additional fees as well.
Chase College and High School Checking
For younger customers, Chase College Checking and High School Checking offer fee-free options. College Checking is available to students under 24 and does not charge a monthly fee, though it may have a limited set of features compared to standard accounts. High School Checking is designed for minors and typically requires a parent or guardian as a co-owner.
Comparing Chase to Other Banks
Many major banks charge similar monthly fees, often around $12 to $15, with comparable waiver options. Some online banks and credit unions offer checking accounts with no monthly fee at all, though they may differ in branch access and additional services. When comparing options, consider the full fee schedule, ATM network, and the ease of meeting waiver requirements.