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Both Chase Private Client Checking℠ and Sapphire Banking are some of the best Chase bank accounts. However, do you know which one is better for you? You may find that one Chase checking account is more suited to your financial situation than the other.

What is the $3000 Bonus at Chase Bank?

If you’re able to qualify for the Chase Private checking account it has an incredible bonus of $3,000. Enjoy up to a $3,000 bonus when you open a new Chase Private Client Checking℠ account with qualifying activities (more below). This Chase Private Client vs Sapphire Banking comparison can help you decide.

Tip: Earn even more with the Chase Sapphire cards.

Embassy Suites Niagara Falls doorman. Credit: Johnny Jet

Chase Private Client – $3,000 Bonus

Chase Bank’s top-tier product is Chase Private Client Checking℠. Key benefits include a dedicated banker and personalized investment guidance.

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!

Plus, earn $1,000 when you deposit $150,000, earn $2,000 when you deposit $250,000, or earn $3,000 when you deposit $500,000. If you don’t qualify for the Chase Private Client bonus, check out how to earn $600 with Chase checking offers.

How to Qualify for Chase Private Client

You will need to maintain a combined minimum average daily balance of $150,000 in your personal, business, and investment accounts.

After meeting with Chase, these are some of the benefits you can look forward to.

Chase Private Client $3,000 Bonus

Enjoy up to a $3,000 bonus when you open a new Chase Private Client Checking℠ account with qualifying activities. Within 45 days of coupon enrollment, transfer qualifying new money or securities to a combination of eligible checking, savings and/or J.P. Morgan Wealth Management non-retirement accounts (excludes Chase Personal and Business CDs, Chase business checking and savings accounts, any J.P. Morgan Self-Directed Investing & Automated Investing, J.P. Morgan 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 coupon enrollment and enjoy your bonus. Chase will add it 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
  • $3,000 bonus: $500,000 or more in deposits

$3,000 bonus: Chase Private Client Checking℠ 

Chase Private Client Banking Benefits

All Chase Private Client Checking℠ members get these Chase Bank perks:

  • Free 3″ x 5″ safe deposit box (subject to availability and Chase branch)
  • No ATM fees worldwide
  • Higher daily deposit and withdrawal limits
  • No Chase fee for incoming or outgoing wires
  • Dedicated banker to build a CD ladder

The higher daily limits can also be a boon. For instance, your daily limit is $5,000 for Chase QuickPay with Zelle®. Your daily ATM withdrawal limit is $2,000 per day. With Chase QuickDeposit℠, you can deposit up to $25,000 daily or up to $100,000 per month.

When traveling, you and your family may enjoy the Chase Private Client Arts & Culture Program. This perk gives you special access to select local points of interest. And if you happen to lose your debit card, Chase will rush to deliver a replacement card around the world for free.

It’s also possible to qualify for reduced interest rates on select Chase Bank loans (though interest rates are variable and subject to change). There are no additional perks if you own a Chase credit card.

Chase Private Investing Benefits

Being a Chase Private Client Checking℠ also lets you get a dedicated personal advisor at J.P. Morgan. This advisor can help you create a personalized investing plan to help you build wealth.

Your J.P. Morgan Private Client Advisor can help plan your short-term and long-term money goals. As your life situation and goals change, you can meet with your advisor to develop a new plan.

If you prefer, your advisor can manage your investments. There’s also a robo-advisor option that automates the investment process but can have fewer fees. You get access to You Invest℠ by J.P. Morgan INVESTMENT PRODUCTS: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE if you prefer DIY investing. You won’t pay trade commissions for stocks and ETFs that you buy or sell.

Related: Chase Private Client Review

Chase Private Client 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
  • 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 Sapphire Banking

The information for Chase Sapphire Banking has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

Chase Sapphire Banking is easier to qualify for than Chase Private Client as you need a smaller account balance. However, the Sapphire Banking benefits are not as rich as Private Client, they are still valuable. Note though, there is no current signup bonus offer. Here’s what to know in this Chase Private Client vs Sapphire Banking comparison.

How to Qualify for Sapphire Banking

You need $75,000 in combined banking and investment assets to qualify for a Sapphire Banking account. Then you will need to maintain this balance to waive the $25 monthly account fee.

You can open an account online or apply at your local Chase Bank branch.

Chase Sapphire Banking Benefits

While you won’t get a personal banker, you get enhanced benefits. You can also avoid those pesky bank fees that your current checking account charges.

  • No ATM fees worldwide
  • 4 free overdrafts every 12 months
  • Zero Chase wire transfer fees
  • Higher ATM withdrawal and purchase limits for your debit card
  • No foreign exchange rate fees on international debit purchases and withdrawals

You will also get a special relationship bonus for a Chase Premier Savings account. Completing at least 5 transactions with your linked Chase checking account lets you earn the current Premier bonus.

If you own a small business, consider a Chase Business Complete Banking® account, one of the best business checking accounts available. There are also multiple ways to waive the Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink® Business credit card.

Earn $300 when you when you open a new Chase Business Complete Checking® account. For new Chase Business Complete Banking® customers with qualifying activities.

Chase Sapphire Investing Benefits

Parking your investments at You Invest℠ by J.P. Morgan can be the easiest way to maintain the $75,000 minimum balance requirement.

Although you don’t need to be a Sapphire Banking member to use You Invest, this brokerage has competitive fees.

Some of the key Sapphire Banking benefits include:

  • Unlimited commission-free stock, ETF, and options trades ($0.65 per options contract). Options contract and other fees may apply
  • Buy no-load mutual funds with a $1 minimum investment
  • $0 minimum account balance
  • Managed portfolios are available
  • Brokerage, Traditional IRA, or Roth IRA account options

You won’t get a personal investment adviser as Chase Private Client Checking℠ members do. But You Invest offers two different automated investing options.

Chase Investing Options

The You Invest Portfolio is a robo-advisor requiring a $500 minimum investment. You won’t directly speak to a J.P. Morgan advisor. However, the advisory team oversees the investing algorithm. This team also invests your cash in relation to your investing goals and risk tolerance.

For semi-independent investing, consider the Portfolio Builder tool. You Invest helps you create a responsible asset allocation. You can still add individual investments outside your pre-made portfolio with this option.

Alternatively, if you like You Invest℠ by J.P. Morgan and want to open and fund a new You Invest Trade account,  you can enjoy up to $725. To earn the $725, you need to open and fund a new You Invest Trade account with $25,000 or more in new money within 45 days. New money is cash or securities must be from a non-Chase or non-J.P. Morgan account. Maintain the balance for 90 days, and Chase will add your bonus in 10 business days.

There is no monthly service fee and no minimum balance to open.

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.

Other Sapphire Banking Perks

You get a few other lifestyle perks for being a Sapphire Banking member:

  • Early access to ticket pre-sales and special seating at sports and entertainment events
  • Special access to sports and entertainment hospitality lounges
  • Access to Chase Bank banking, home, and small business specialists

Now, you can get some of these entertainment benefits by having a Chase Sapphire credit card (the two options are the Chase Sapphire Preferred® Card or the Chase Sapphire Reserve®. Owning the Chase Sapphire Preferred or Chase Sapphire Reserve sometimes lets you attend special areas (like a VIP section of sorts) at special events like concerts.

It’s important to note that Sapphire credit cards are a different product than the Sapphire Banking product. You will need to apply for each product separately.

Related: Chase Sapphire Banking Review

When Chase Private Client is Better

Chase Private Client Checking℠ is the better option (for you) in these instances:

  • You have at least $150,000 in banking and investment assets
  • Want a personal banker and investment advisor
  • You can use the exclusive Chase Bank perks like a safe deposit box or higher daily transaction limits

Not every person has a liquid net worth of at least $150,000. If you do, this is your best Chase Bank option.

When Chase Sapphire Banking is Better

Sapphire Banking can be a better option for more people because of the lower account balance requirement. It’s a lot easier to maintain a $75,000 combined average balance versus a $150,000 combined daily balance.

While you won’t get as many perks as Chase Private Client, these benefits can be valuable:

  • Free ATM reimbursements worldwide
  • Up to 4 fee-free overdrafts every 12 months
  • Waived wire transfer fees

Summary of Chase Private Client vs Sapphire Banking

In summary, the better account option for you may come down to how much money you have in the bank. You need at least $150,000 in bank and investment assets to join Chase Private Client. Until you reach that mark, Sapphire Banking can be your best alternative to avoid the fees that other Chase checking account products charge.


What is Chase Private Client?

Chase Private Client Checking℠ is the most exclusive Chase Bank account option. Benefits include a personal banker and J.P. Morgan investment advisor. You also enjoy higher daily transaction amounts and plenty of waived banking fees.

You must have a minimum account balance of $150,000. This balance can be within your banking and investment accounts. If you can maintain the minimum balance, you can apply for an account at or in-branch. After speaking with a Chase representative, you will see if you qualify for this account.

Is Chase Private Client worth it?

Chase Private Client can be worth it if you have at least $150,000 in liquid assets. Because your bank deposits will earn minimal interest, Private Client can be worth it if most of your balance is with You Invest℠ by J.P. Morgan.

The best reason to join Chase Private Client is for personal access to a banker and investment advisor. As you have a high net worth, having a personal plan can help you build wealth and preserve it for your family.

What is Chase Sapphire Banking?

Sapphire Banking is Chase’s second-highest banking product with Chase Private Client Checking℠ being in the top spot. Additionally, this product is open to the general public and doesn’t require an invitation.

Key benefits include:

  • Free worldwide ATM reimbursements
  • 4 free overdrafts every 12 months
  • Special Chase Premier relationship bonus
  • Lifestyle perks, including access to ticket pre-sales and special seating

To join (and avoid the $25 monthly account fee), you will need to maintain a minimum $75,000 account balance. This balance can be between your Chase savings, checking, and You Invest℠ by J.P. Morgan accounts.

Is Chase Sapphire Banking worth it?

In conclusion, Chase Sapphire Banking can be worth it if you can maintain the minimum combined account balance of $75,000 to waive the $25 monthly account fee. If so, and the fee savings and Sapphire Banking perks, are more valuable than your current bank account, it’s worth it.

Other perks that can make opening a Sapphire Banking account worth it include the following:

  • Free worldwide ATM reimbursements
  • No Chase Bank wire transfer fees
  • Up to 4 overdraft fee waivers every 12 months
  • Dedicated banking service line

Make sure you complete the bonus offer requirements to make your wallet a little thicker.

17 Comments On "Which Is Best: Chase Private Client vs Sapphire Banking"
  1. Jon|

    Is there a comparison of all major banks with high medium low $ requirements?

    I currently have TD bank that had free worldwide atms but only required $2500 min. They are removing it so want to go to a new bank. Probably schwab.

    But good to know other options as well as far as perks!

  2. King James|

    With Sapphire banking you do get a personal banker because I have gotten a call from my Dedicated banker and also you do get a 3 x 5 safe deposit box with no fee for having sapphire banking account

  3. fred medrano|

    can i obtain a chase safire account if i am a chase private client?

    1. Johnny Jet Editorial|

      Yes, you would be eligible for a Sapphire Preferred credit card.

  4. Amber|

    is the Private Client option not as recommend if you arent using the You Invest? meaning the private banker is actually managing the investing? how does that compare to other options outide Chase?

  5. Nancy White|

    Do you have a basic savings account available with no requirements and small amount of interest

  6. Mike|

    Can you compare to other banks “private” services like Merrill or Citi?

  7. Ursula|

    So it’s mostly just the access to a specific banker that’s the difference?

  8. Greg|

    I am currently a Private Client account but it seems that I will be booted off for lack of $150,000.
    I am also a Sapphire Reserve Visa cardholder
    Do you have any information about the actual downgrade or moving to the Sapphire Checking Account.

    Thanks, Greg
    I am also “stuck in paradise” in a country with “no easy way out right now… so going to a branch is not possible”

    1. Johnny Jet Editorial|

      Hi Greg, sorry I don’t have any first-hand knowledge of downgrading. I would try secure messaging Chase or calling them. Sorry, hope this helps.

  9. Jonathan|

    Call your private banker. You should have a direct line to them. Let them do all the work. That is the perk with these accounts.

  10. Redwan|

    Private Client only requires $150,000. They recently dropped it to 150k from 250k.

    1. Johnny Jet Editorial|

      You’re correct! Thanks for the heads up.

  11. JohnB|

    I started the path with Chase Private Client. I had 2 meetings with the investment advisor and the Private Client banker. I walked out of the 2nd meeting because their investment plans were all about Chase making commissions. My retirement savings was multiple 7 figures. They wanted me to buy an annuity on which the bank would make over $250K commission. The annuity paid a pitiful return. When I walked out of that meeting, I felt that they thought I was stupid, and they were trying to con me. Meanwhile I had been making my own investment decisions for 36 years with my total savings exceeding my cumulative 44 years of total working income. The feelings of terror are not what a bank should make you feel! Instead I stayed at Vanguard and Fidelity. I can sleep at night. DO NOT INVEST WITH CHASE!!! I cannot say it any louder!!!

  12. Steve Berman|

    Totally agree, another vanguard and Schwab investor

  13. G|

    I’ve been with Chase PC for several years, got the $2000 deal for putting in over 250k. Put half my money on a self directed margin account (Youvest no longer what its called) and the other one of their directed accounts. Despite the turmoil recently my self directed account is in the black and theirs is down over 20% (and of course they charge fees regardless). Hoping their directed account recovers at which point I will withdraw all of it and transfer to my self directed account. In my experience their directed investment accounts are terrible. They have only gone down. And as others mentioned, the idea of getting an “advisor” is a joke, the person is there to sell you JP Morgan investment products. That’s it, no investment plans, no help etc. You are better off with a free account at Personal Capital, entering in your info and using their app to see all you have and what changes you can make etc for retirement of trigger events (which is great) – just be aware they too will reach out to try and get you into an office and sell you products they get fees off of.

  14. Jason m|

    You do not need a minimum of 75k to open sapphire checking. That is only required to waive monthly fee. I have sapphire checking and opened with 0 as a new chase customer.

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