Yes, you can open a Chase savings account entirely online
Chase lets you open most of its savings accounts through its website or mobile app without visiting a branch. You'll need a valid government ID, a Social Security number, and an initial deposit (which varies by account type). The process takes about 10 to 15 minutes, and your account is usually active the same day or within one business day.
Not every Chase savings product is available online—some require a branch visit or a phone call—but the most common ones (Chase Savings, Chase Premier Savings, and Chase Sapphire Savings) can all be opened remotely. The exact requirements and deposit minimums depend on which account you choose and whether you're already a Chase customer.
Key Takeaways
- Chase Savings, Premier Savings, and Sapphire Savings accounts can be opened online through Chase.com or the Chase mobile app.
- You'll need a valid government ID, Social Security number, and an initial deposit; the minimum deposit amount varies by account type.
- If you're not yet a Chase customer, you may need to open a checking account first or call to verify your identity before opening savings online.
- Your account becomes active the same day or within one business day after you complete the online process.
- Some Chase savings products still require a branch visit or phone call; check the specific account details before starting.
What you need before you start
Have your government-issued ID ready—a driver's license, passport, or state ID card. Chase will ask you to verify your identity during the process, and some accounts require you to upload a photo of your ID or answer security questions based on your credit history.
You'll also need your Social Security number and a way to fund the account. Chase accepts transfers from external bank accounts, debit cards, or wire transfers. If you're opening savings as a new Chase customer, you may be required to open a checking account at the same time, depending on the account type and your state.
Check the current minimum deposit requirement for the specific savings account you want. These minimums change and vary by account—some have no minimum, while others require $25 or more to open.
The online opening process, step by step
Go to Chase.com or open the Chase mobile app and select "Open an Account." Choose the savings account type you want (Savings, Premier Savings, or Sapphire Savings). You'll be asked whether you're an existing Chase customer; if you are, sign in with your username and password.
If you're not a Chase customer, you'll enter your personal information: name, date of birth, address, phone number, email, and Social Security number. Chase will run a soft credit check and may ask you to verify your identity by uploading a photo of your ID or answering security questions.
Once your identity is verified, you'll choose how to fund the account. If you link an external bank account, Chase will send two small deposits 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. If you use a debit card or wire transfer, the funds arrive faster.
Review the account terms, agree to them, and submit. Your account number and routing number will appear immediately, though you may not see the account in your online banking for a few hours.
When you might need to call or visit a branch instead
If you're opening a Chase savings account as a brand-new customer and your state has specific regulatory requirements, Chase may require you to complete the process by phone or in person. This is rare but happens in some states.
Some specialty savings products—like certain promotional savings accounts or accounts tied to specific Chase programs—are only available by phone or branch visit. Check the account details page before you start the online process to confirm it's available online in your state.
If your identity verification fails during the online process, Chase will direct you to call or visit a branch to complete it in person. This usually happens if your credit history doesn't match the information you provided or if Chase needs additional documentation.
What happens after you open the account
Your savings account number and routing number appear on screen immediately after you finish. You can start using these to set up transfers or direct deposits right away, even if the account hasn't fully appeared in your online banking yet.
If you funded the account with an external bank transfer, those funds will arrive within one to two business days. Debit card and wire transfers are faster—usually the same day or next business day.
You'll receive a welcome email with your account details and a link to set up online banking if you don't already have it. Your debit card (if the account includes one) will arrive by mail within 7 to 10 business days.
Interest rates and account features vary by type
Chase Savings is the basic option with no monthly fee and no minimum balance requirement. It earns interest, though the rate is typically lower than other savings products.
Chase Premier Savings requires a higher opening deposit (usually $25,000 or more) and offers a higher interest rate in return. Chase Sapphire Savings is available only to Chase Sapphire banking customers and offers competitive rates.
Interest rates change frequently and vary based on market conditions. Check Chase.com for current rates before you open, since the rate you see when you open is the rate you'll earn going forward (though Chase can change rates on future deposits).
Frequently Asked Questions
Do I need to be a Chase customer already to open savings online?
Not always, but it depends on your state and the account type. If you're not a customer, Chase may require you to open a checking account first or complete identity verification by phone. Check the account details page for your state before starting.
How long does it take for my account to be active?
Your account is usually active the same day or within one business day. You'll see your account number immediately, but it may take a few hours to appear in your online banking. Funds you deposit may take one to two business days to arrive, depending on the funding method.
What if my identity verification fails online?
Chase will ask you to call or visit a branch to verify your identity in person. Bring your government ID and Social Security card. This usually happens if your credit history doesn't match the information you provided or if Chase needs additional documentation.
Can I open a savings account on my phone?
Yes, the Chase mobile app lets you open most savings accounts the same way the website does. The process is identical, and your account becomes active just as quickly.
What's the minimum deposit to open a Chase savings account online?
It varies by account type. Chase Savings has no minimum, while Premier Savings typically requires $25,000 or more. Check the specific account details before you start, since minimums can change.