Opening Costs at a Glance
There is no fee to open a Chase checking account, and most accounts require a modest minimum opening deposit rather than a large upfront payment. The exact amount depends on the specific checking product you choose and whether you qualify for a waiver.
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Minimum Opening Deposits by Account Type
| Account | Minimum Opening Deposit | Monthly Fee |
|---|---|---|
| Chase Total Checking | $25 | $12 (waivable) |
| Chase Premier Plus Checking | $100 | $25 (waivable) |
| Chase Sapphire Checking | $100 | $25 (waivable) |
| Chase Secure Banking | $0 | $4.95 |
The monthly fees listed above can often be waived by maintaining a daily balance, setting up direct deposit, or linking a qualifying savings account.
What You Need to Get Started
Beyond the opening deposit, Chase typically requires a valid government-issued ID, your Social Security number, and a U.S. address. You can open an account online, in-branch, or over the phone. In-branch opening may require an appointment at some locations.
Ways to Avoid or Reduce Fees
- Maintain the minimum daily balance required for your account tier.
- Enroll in qualifying direct deposit to waive the monthly service fee on most accounts.
- Link a Chase savings account or mortgage to access fee waivers.
- Choose Chase Secure Banking if you want a low-cost option with no minimum deposit.
Is There a Hidden Cost
The initial account opening itself costs nothing. Ongoing costs come from monthly service fees and potential overdraft fees if you opt into overdraft protection. Chase also offers accounts with no monthly fee and no minimum deposit, so you can open a basic checking account without any upfront cash.