Chase Private Client Checking℠ review: up to $3,000 bonus!

Is Chase Private Client Checking℠ exclusively for the elite, or can anyone qualify for personalized attention and dedicated service? We’ll help you understand the eligibility criteria, explore the benefits of being a Chase Private Client, and evaluate whether it’s worth signing up.

Additionally, there’s currently an up to $3,000 welcome bonus (earned after completing the qualifying activities required) for new Chase Private Client Checking℠ customers. More below.

$3,000 bonus: Chase Private Client Checking℠

What is Chase Private Client?

Chase Private Client Checking℠ offers a range of exclusive benefits for top Chase clients, including premium banking solutions, personalized attention, and J.P. Morgan’s expertise and investment capabilities. Essentially, it’s more or less exactly what it sounds like—personalized banking and investment solutions tailored to meet your needs.

As a member, you’ll be assigned a team of banking professionals to help you determine and map out your financial goals. That includes a Private Client Banker and a J.P. Morgan Private Client Advisor. You can reach out to them over the phone, via email, or at a local branch to get advice and guidance when you need it.

You’ll also get priority service for everyday banking and access to J.P. Morgan Wealth Management. Note that J.P. Morgan Wealth Management was ranked #1 in Customer Satisfaction with Wealth Management Digital Experiences in the J.D. Power 2022 U.S. Wealth Management Digital Experience Study!

Who Qualifies for Chase Private Client?

However, not everybody can join the elite Chase Private Client Checking℠ membership right away. To qualify, you must maintain an average daily balance of $150,000 or more in any combination of qualifying checking, savings, business deposits, and investment accounts.

Rumor has it that if you come close and have been with Chase for years, you might get an invitation to join, but that’s not a guarantee.

Relationship rates that may make you eligible for a 0.25% auto loan rate discount, and access to events, including cultural and sporting events, family experiences, and financial seminars.

Chase Private Client Benefits

This Chase Private Client Checking℠ review explains that the Chase Private benefits can definitely be worth it if you maximize them to their full potential and you have the investments to fund the Chase account.

Concierge Banking

Chase Private Clients get premium banking solutions that include priority service, no wire transfer fees, no ATM fees, and no foreign exchange rate adjustment fees for debit card purchases made while traveling in foreign countries. Members can also enjoy Arts & Culture Passes available in select cities.

Other benefits include:

• Higher Chase QuickDeposit℠ limits ($25,000 per day and $100,000 every 30 days)
• Plus, a higher daily ATM withdrawal limit (of up to $2,000)
• Receive a 3×5 Safe Deposit Box; 20% discount on larger boxes (subject to availability)
• Higher daily purchase limit (of up to $7,500 when you use your Chase Private Client debit card)
• Order cashier’s checks, counter checks, or money orders without paying fees; free personal check designs when ordered through Chase (fees may apply for certain other supplies and expedited shipping)
• Higher Chase QuickPay with Zelle® limits ($5,000 per day and $40,000 every 30 days)
• Relationship rates which may make you eligible for a 0.25% auto loan rate discount, and invitation-only events

Members build a personal relationship with a Chase banker. They also get access to a 24/7 service line that caters specifically to members. And if a card gets lost or hacked abroad, Chase will rush deliver a replacement card anywhere in the world for free.

Chase Investments

On the investment side, J.P. Morgan’s investment capabilities mean retirement planning, portfolio management, annuities, and even college savings. Financial advisors help you plan adjustments as your lifestyle and goals change, developing strategies to save for the future. They’ll even guide you through a customized financial analysis to help you spend and save smarter now.

Thus, it’s a way to feel confident about your financial future. As seen on the Chase site, that involves:

• Aiding you so that you have a better understanding of your investment objectives, investable assets, time frame, and risk tolerance
• Help you manage your financial goals
• Conduct a Customized Financial Analysis to create a strategy to help you reach your goals; there will be adjustments for unexpected scenarios you might encounter along the way
• Offer advice on how you should manage your financial decisions as you move through the different stages of your life

Chase Private Monthly Fees

Chase Private Client Checking℠ has no Monthly Service Fee when you do at least one of the following each statement period:

• Option #1: Keep an average beginning day balance of $150,000 or more in any combination of this account and linked qualifying Chase checking savings and other balances
• OR
• Here’s Option #2: Have a linked Chase Platinum Business Checking account

Otherwise, a $35 Monthly Service Fee will apply. Product terms are subject to change. For more information, please see a banker or visit chase.com/checking.

Chase Private Client Bonus

Open a new Chase Private Client Checking℠ account with qualifying activities and enjoy up to a $3,000 bonus.

Within 45 days of offer enrollment, transfer qualifying new money or securities to a combination of eligible checking, savings, and/or personal J.P. Morgan Wealth Management non-retirement accounts (excludes Chase Personal and Business CDs, Chase business checking and savings accounts, J.P. Morgan Self-Directed Investing accounts, J.P. Morgan Wealth Management Personal Advisors accounts, and J.P. Morgan Wealth Management retirement accounts). Your bonus will be determined on day 45. Maintain your new money for 90 days from offer enrollment, and Chase will add the bonus to your account within 40 days.

A $1,000 bonus and a $2,000 bonus are also available with smaller qualifying deposit amounts.

The deposit thresholds and bonus amounts are as follows:

• $1,000 bonus: $150,000 to $249,999 in deposits
• $2,000 bonus: $250,000 to $499,999 in deposits
• Or a $3,000 bonus: $500,000 or more in deposits

Chase Private Client Requirements

The information for You Invest℠ by J.P. Morgan has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

Chase offers JP Morgan’s managed portfolio service, which comes with a 1.25% annual fee that is billed quarterly. But you don’t have to use it. You can instead use the You Invest℠ by J.P. Morgan online trading platform. INVESTMENT PRODUCTS: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

This service lets you research, trade, and manage your investments. However, it doesn’t offer many options. You can make unlimited commission-free online stock, ETF, and options trades, though options contracts and other fees may apply. Using a You Invest account and having the necessary assets does count towards eligibility. 

Thus, this is comparable to other large investment firms. However, you can find lower rates elsewhere (though interest rates are variable and subject to change). Management fees can also be very high, as much as twice the amount of investments purchased from other services. 

Is Chase Private Client Worth It?

If you’re considering joining, do the math first. Additionally, if it’s investments you want, look into other investment options and portfolio management first. Just because they are discounted with the program doesn’t mean they are the most competitive.

However, if you would save more on ATM and foreign transaction fees, mortgage rates, deposit boxes, and museum entries than you’re losing in maintenance and concierge-type fees (that would take a lot of fees), Chase Private Client may be worth a closer look.

Keep in mind that many of the perks that accompany Chase Private Client Checking℠ can also be found in other Chase accounts. Sticking with a less expensive checking account and opting for a different investment strategy can save you money.

Other Bank Bonuses Offer:

Chase Private Client is a premier checking account. If you’re looking for a more standard Chase account and how you can earn another bonus.

• Get up to a $300 cash bonus by depositing $5,000 or more total qualifying direct deposit amounts during the 25-day evaluation period with the SoFi Checking & Savings.
• Earn up to $500 when you when you open a new Chase Business Complete Checking® account. For new Chase Business Complete Banking® customers with qualifying activities.

Related Posts:

• Chase Sapphire Checking
• Best Checking Account Bonuses
• Finding the Business Checking Accounts

J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, member FINRA and SIPC. Insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.

INVESTMENT AND INSURANCE PRODUCTS: • NOT A DEPOSIT • NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • NO BANK GUARANTEE • MAY LOSE VALUE