You can open a Chase savings account online in about 10 minutes, or in person at a branch with an ID and initial deposit
Chase lets you start a savings account through their website, mobile app, or by walking into a branch. The online route is fastest: you'll need a Social Security number, a valid ID, proof of address, and money to deposit. Most people fund their new account from another bank account using a transfer, though you can also deposit cash or a check at a branch. The whole process takes roughly 10 minutes online, and your account opens immediately—you can start using it the same day.
If you prefer to open an account in person, bring a government-issued ID (driver's license, passport, or state ID), proof of your current address (a utility bill or lease dated within the last 60 days works), and your Social Security number. A Chase banker will walk you through the paperwork and can answer questions about account features on the spot. You'll need to make an initial deposit to activate the account; the minimum varies by account type but is typically $0 to $25 for a basic savings account.
Key Takeaways
- Online account opening requires your Social Security number, a valid ID, proof of address, and an initial deposit, and takes about 10 minutes.
- In-person opening at a Chase branch requires the same documents plus a government-issued ID and allows you to ask questions directly with a banker.
- Your initial deposit can come from another bank account via transfer, or you can deposit cash or a check at a branch.
- Your account is active immediately after opening, and you can begin using it the same day for transfers and deposits.
- Chase offers different savings account types with varying interest rates and minimum balance requirements, so compare options before opening.
What documents and information you need before you start
Gather these items before you begin, whether online or in person. You'll need your Social Security number, a government-issued photo ID (driver's license, passport, or state ID), and proof of your current address. Proof of address can be a recent utility bill, lease agreement, mortgage statement, or bank statement—it should be dated within the last 60 days and show your name and current address.
You'll also need to decide how much to deposit initially. Chase savings accounts typically require a minimum opening deposit, though some accounts have no minimum. Check the specific account type you're interested in to confirm the requirement. Have the routing and account number of the bank account you'll transfer from, or bring cash or a check if you're opening in person.
Opening an account online through Chase.com or the mobile app
Go to Chase.com and select "Open an Account" or use the Chase mobile app and tap the menu icon, then "Open an Account." Choose the savings account type you want—Chase offers several, including basic savings and high-yield savings accounts with different interest rates. Read the account details to understand any monthly fees, minimum balance requirements, and current interest rates.
Enter your personal information: full name, date of birth, Social Security number, email address, and phone number. Provide your current address and confirm your employment status. Upload or photograph your government-issued ID and proof of address. Chase's system will verify these documents electronically, usually within minutes.
Next, link the bank account you'll transfer money from. Enter the routing number and account number from that bank. Chase will send two small deposits (usually under $1 each) to that account within one to two business days; you'll then verify those amounts in the Chase app to confirm you own the account. Once verified, your transfer processes and your Chase savings account is active.
Opening an account in person at a Chase branch
Find your nearest Chase branch using the branch locator on Chase.com. Walk in during business hours with your ID, proof of address, and Social Security number. Tell a banker you want to open a savings account. They'll ask you to choose an account type and explain the features, fees, and interest rates of each option.
The banker will collect your information and verify your documents. You'll sign account paperwork and make your initial deposit—cash, a check, or a transfer from another bank. If you transfer from another bank, the banker will ask for that account's routing and account number. Your account opens on the spot, and you'll receive a debit card (if applicable to your account type) and account information before you leave.
How long it takes for your account to be fully active
If you open online, your account is active immediately after you complete the application and verify your identity. You can log in, view your account number, and set up transfers right away. However, if you're transferring money from another bank, that transfer itself takes one to three business days to arrive, depending on the other bank's processing speed.
If you open in person and deposit cash or a check, the cash is available immediately and checks typically clear within one to two business days. If you arrange a transfer from another bank at the branch, that transfer follows the same one- to three-business-day timeline as an online transfer.
Choosing between Chase savings account types
Chase offers several savings account options. A basic savings account typically has no monthly fee and no minimum opening deposit, but earns a lower interest rate. A high-yield savings account earns more interest but may require a higher minimum balance or have different fee structures. Money Market accounts combine checking and savings features and often require a larger opening deposit.
Compare the current interest rates, monthly maintenance fees, minimum balance requirements, and any perks (like ATM access or linked checking accounts) before you decide. Interest rates change frequently, so check Chase.com for the most current rates on the day you open your account. If you're unsure which account fits your needs, ask a banker in person or call Chase customer service at the number on their website.
What happens after your account opens
Once your account is active, you can deposit money, set up automatic transfers, and earn interest on your balance. Chase will send you a welcome email with your account number and online banking login details. Set up online banking and the mobile app so you can check your balance, transfer money, and manage your account from anywhere.
Your interest accrues daily and is deposited monthly. You can withdraw money from your savings account at any time, but federal regulations limit you to six withdrawals per month (this rule varies slightly by account type and has changed over time, so check your account agreement). Transfers to other accounts and ATM withdrawals at Chase branches typically don't count toward this limit.
Frequently Asked Questions
Can I open a Chase savings account if I don't have a Social Security number?
No, Chase requires a Social Security number or Individual Taxpayer Identification Number (ITIN) to open an account. If you have an ITIN, you may be able to open an account, but call Chase at the number on their website to confirm what documents you'll need.
What if I don't have proof of address?
Proof of address must be dated within the last 60 days and show your name and current address. If you don't have a utility bill or lease, ask Chase whether they accept other documents like a recent bank statement, insurance policy, or government correspondence. Call your local branch or Chase customer service to ask what alternatives they accept.
How much money do I have to deposit to open the account?
Minimum opening deposits vary by account type. Some Chase savings accounts have no minimum, while others require $25 or more. Check the account details on Chase.com for the specific account you're interested in, or ask a banker in person.
Can I open a joint savings account with someone else?
Yes, Chase allows joint accounts. Both account holders will need to provide their Social Security number, ID, and proof of address. You can open a joint account online if both people complete the application together, or in person at a branch.
What if my online application is denied?
Chase may deny an application if there are issues with your identity verification, a problem with the documents you provided, or a history with ChexSystems (a banking verification system). If your application is denied, Chase will send you a letter explaining why. Call Chase customer service or visit a branch to ask what you can do next or whether you can reapply.