How to open a Chase account: Requirements, papers and documents

When you decide to venture into the banking world and open your first account, questions arise related to its operation, benefits and where you can do it. The first thing you should do is consider the objectives you pursue when opening an account.

Saving for future plans, organizing your finances, having a variety of payment methods to mobilize your money are some reasons to open an account. Once you define your reasons, you can start looking for the ideal bank for you.

In the United States, there are approximately 8,000 banks distributed throughout its territory. They all offer you multiple services and options to adapt to your requirements. It seems like an impossible task, but we are here to help you.

This guide offers you the necessary information so that you know how to open an account in one of the most prestigious banks in the country. Continue reading and find out features, steps and requirements to open an account at Chase Bank.

Requirements to open a Chase bank account

JP Morgan Chase (Chase Bank) is one of the oldest financial companies in the United States. Currently, it is one of the most important banks in the country with more than 5,000 branches distributed throughout the territory.

Thanks to its extensive experience in the financial area, it offers you a wide variety of services and investment mechanisms.

To open an account at Chase Bank you must meet the following requirements:

●      Be a US citizen.

●      Have a Social Security card.

●      Provide valid contact information.

●      Funds to open the account.

Requirements to open a Chase account as a foreigner

Chase Bank gives foreigners the option of opening an account with the bank. However, they have certain restrictions on the type of account and the services they can access.

The requirements to open an account as a foreigner are:

●      Be a permanent resident (have a Green card).

●      Valid passport.

●      Social Security Number or Individual Taxpayer Identification Number (ITIN).

●      Verifiable address in the country.

●      Funds needed to open the account.

Requirements to open a Chase account for undocumented immigrants

Many people who arrive in the country spend a lot of time trying to legalize their immigration status. While this is happening, the undocumented can also open a bank account at Chase Bank. To do this, they must meet the following requirements:

●      Present a valid identification document

●      Have proof of residence in the country

●      Valid passport

●      Individual Taxpayer Identification Number (ITIN)

●      Funds to open the account

What documents do I need to open an account at Chase Bank?

To open an account at Chase Bank you need to verify that you meet all the requirements. You must have on hand the documents that certify your identity, address and condition in the country.

The papers required to open the account at Chase Bank include:

Proof of identification documents. They must have a photo and it has to be two of those listed below:

●      Driver's license

●      Valid passport

●      Government ID card

●      State ID card

Proof of residence documents. They must show the name of the applicant:

●      Driver's license

●      State ID card

●      Utility bill such as electricity, water, gas or telephone.

●      Rental contract

Social Security Card

Funds to open the account

If you are a foreigner, the documents you have to present are:

Proof of identification documents. They must have a photo and it has to be two of those listed below:

●      Driver's license

●      Valid passport

●      consular identification

●      Birth certificate

Proof of residence documents with name of the applicant:

●      Driver's license

●      Utility bill such as electricity, water, gas or telephone

●      Rental contract

Social Security Card or Individual Taxpayer Identification Number (ITIN).

Funds to open the account.

How to open an account at Chase Bank?

At Chase Bank you can open a bank account in person and online. The steps are explained below:

In person:

●      Enter the Chase Bank website and locate the most convenient agency for you

●      In some offices, you will need to schedule an appointment that you can request online

●      Attend the day of the appointment with all your documents

●      Fill out the forms indicated by the advisor

●      Make the payment to your account

●      Wait for your papers from your new account

Online:

●      Access the Chase Bank website

●      Choose the type of account you want to open

●      Enter your personal data, address and contact information

●      Transfer funds to your new account

●      Wait for confirmation of acceptance of your application

The different Chase Bank accounts

Chase Bank offers you a wide variety of investment and savings mechanisms. The accounts you have in your service catalog include:

Chase Savings account: Ideal for people who want to save for safe plans and have good interest rates.

●      Chase Savings: The most popular account with a fixed rate of interest on daily balances. Children under 17 years of age can open it. You must have a daily balance of $300.

●      Chase Premier Savings: You must maintain a daily balance of $1,500. Allows you to combine it with checking accounts.

Checking accounts: For those who need a place to place their income to make payments and have cash available quickly and easily.

●      Chase Total Checking: Allows you to make payments to payroll providers or government providers. Electronic deposits of $500 or more.

●      Chase Secure Banking: You can pay bills, cash checks and send money with minimal charges.

●      Chase Premier Plus Checking: Works like a standard checking account. It also allows you to accumulate interest and save money on ATM fees.

●      Chase College Checking: Created for young college students between the ages of 17 and 24. There is no monthly charge as long as they continue studying and allow for simple savings mechanisms.

●      Chase High School Checking: For students ages 13-17. It helps them understand how accounts work to save and mobilize their money.

●      Chase First Banking: For children ages 6-17. Parents are in control of the account, limiting the money available while teaching their children saving and banking.

●      Chase Sapphire Checking: For customers who maintain an average daily balance of $75,000. It does not have commissions in some transactions and services.

Chase Certificate of Deposit: For those who want to save a certain amount of money for a certain time. This term can be from 1 month to 120 months with a fixed interest rate.

Benefits of contracting an account with Chase

The long history of Chase Bank and its services has allowed this bank to be the preferred one for the majority of Americans. Among the benefits it can offer you are:

●      Variety of products for all ages and personal requirements of customers.

●      Possibility of exemption from payment of maintenance commissions.

●      It has reward programs.

●      It is part of the Federal Deposit Insurance Corporation, which indicates that your money will be insured in case of any inconvenience at the bank.

●      It has more than 5,000 offices in the country.

●      Excellent technological platform.

●      Easy to use online banking.