Chase is launching Chase Secure Banking, a low cost checking account in order to provide access a traditional banking relationship for more consumers around the country, including those new to banking or who have had trouble getting or keeping an account in the past.
The new account, available to customers today, comes with a low monthly service fee of $4.95 and all the benefits of Chase, like access to thousands of fee free Chase ATMs, Chase’s mobile app and support from bankers in person at Chase branches or over the phone.
With Chase Secure Banking, customers can enjoy:
“A bank account can open doors to economic opportunity and improve the financial lives of so many across the country,” said Thasunda Duckett, CEO of Chase Consumer Banking. “As a bank, we want to help more consumers get access to an account that can better help them manage their everyday needs while building their financial health.”
Chase Secure Banking has the same low monthly fee as Chase Liquid, the bank’s reloadable prepaid card, and will replace it because it includes enhancements based on customer feedback that indicated the need for a full banking experience. Current Chase Liquid customers can open a new Chase Secure Banking account and keep their Liquid account if they prefer, but it will no longer be offered to new customers.
The bank continues to innovate and develop products that meet that needs of the communities it serves, and its thousands of branches provide access to home lending, small business funding, and advice on reaching personal and business financial goals, in addition to personal banking needs.
The firm is advancing the financial health of its customers, communities and employees through multiple programs including National Savings Month, Women on the Move and Advancing Black Pathways. In addition, over the last five years the firm has provided more than $100 million in philanthropic investments to help people in underserved communities save more, reduce debt, build credit and meet their long-term goals.