Yes, you can open a Chase savings account entirely online
Chase lets you open most of their savings accounts through their website or mobile app without visiting a branch. The process takes about 10 minutes, and you can fund the account immediately with a transfer from another bank. You will need a valid government ID, a Social Security number, and an initial deposit (the amount varies by account type, but many accounts have no minimum).
Not every Chase savings product is available online — some specialty accounts still require a branch visit or phone call. But the standard Chase Savings and Chase Savings Plus accounts, which are their most common options, both open online.
Key Takeaways
- Chase Savings and Chase Savings Plus accounts open online in about 10 minutes using their website or mobile app.
- You will need a valid government ID, Social Security number, and proof of current address to complete the application.
- Most accounts have no minimum opening deposit, but you can fund the account immediately with a transfer from another bank.
- Once your account is open, you can set up online transfers, automatic deposits, and mobile banking right away.
- If you already have a Chase checking account, opening a savings account online is faster because Chase already has your information on file.
What you need before you start
Gather these items before you open your browser: a valid government-issued ID (driver's license, passport, or state ID), your Social Security number, and proof of your current address. Chase will ask for your address during the application, and they may verify it using public records, so make sure the address you provide matches what they have on file.
You will also need access to a bank account you can transfer money from — either another bank account in your name or a Chase checking account if you already have one. Chase can link to external accounts from most major banks, though the transfer may take one to three business days to complete. If you do not have another account to link, you can deposit cash at a Chase ATM or branch after your account opens.
If you are applying from outside the United States, Chase generally requires you to apply in person at a branch, not online.
The online application process, step by step
Start at chase.com or open the Chase mobile app. Look for the "Open an Account" button, usually near the top of the page. Select "Savings" from the account type menu, then choose which savings product you want — Chase Savings or Chase Savings Plus are the two main options available online. Chase Savings Plus has a higher interest rate but requires a larger balance to avoid a monthly fee; Chase Savings has no monthly fee regardless of balance.
Chase will ask you to enter your personal information: full name, date of birth, Social Security number, email address, phone number, and current address. They will also ask whether you are a current Chase customer. If you already have a Chase checking account, the application moves faster because Chase skips the identity verification step.
Next, you will verify your identity. If you are a new Chase customer, Chase will ask you security questions based on public records — things like previous addresses or loan history. Answer these correctly, and Chase will approve your identity instantly. If you cannot answer the questions or they do not match your history, Chase will ask you to upload a photo of your ID and a recent utility bill or bank statement as proof of address.
Finally, you will link a funding source. You can transfer money from another bank account (enter the account and routing number), or you can skip this step and deposit cash later. Once you submit the application, Chase will send you a confirmation email with your new account number. Your account is active immediately, even if a transfer from another bank is still processing.
How long approval takes and when you can use your account
If you are a current Chase customer and pass the security questions, your account opens instantly — you can start using it within minutes. If you are new to Chase and need to upload documents for identity verification, approval usually takes one to two business days.
Once your account is open, you can transfer money to it, set up direct deposits, and use mobile banking right away. If you linked an external bank account, that transfer will take one to three business days to arrive, depending on your other bank's processing speed. You do not have to wait for the transfer to complete to start using your Chase savings account — you can deposit cash at a Chase ATM or branch in the meantime.
Differences between Chase Savings and Chase Savings Plus
| Feature | Chase Savings | Chase Savings Plus |
|---|---|---|
| Monthly fee | None | $25, waived if you maintain a minimum balance (varies by region, typically $500–$2,500) |
| Interest rate | Lower | Higher |
| Minimum opening deposit | None | None |
| Best for | People who want no fees and no balance requirements | People who can maintain a higher balance and want better interest earnings |
Both accounts are available online. Chase Savings is simpler if you want to avoid fees entirely. Chase Savings Plus makes sense if you have money sitting in savings and want to earn more interest, as long as you can keep the minimum balance.
What happens if your online application is denied or incomplete
Chase may ask you to visit a branch or call their customer service line if they cannot verify your identity online. This happens most often if you are new to Chase, your address does not match public records, or you cannot answer the security questions correctly. When this happens, Chase will send you an email explaining what they need and how to complete the process.
If you are denied, Chase will tell you why — usually because of a ChexSystems report (a banking history report similar to a credit report) or because your identity could not be verified. You have the right to request a copy of your ChexSystems report and dispute any errors. If your report is the issue, you may be able to open an account by visiting a branch in person and speaking with a banker, who has more flexibility than the online system.
Frequently Asked Questions
Can I open a Chase savings account online if I do not have a checking account with them?
Yes. New customers can open a savings account online, though the process takes slightly longer because Chase needs to verify your identity through security questions or document upload. Existing Chase customers open accounts in minutes because Chase already has their information.
What is the minimum deposit to open a Chase savings account online?
Chase Savings and Chase Savings Plus have no minimum opening deposit. You can open the account with zero dollars and fund it later, though most people transfer money during the application to start earning interest immediately.
Can I open a Chase savings account on my phone?
Yes. The Chase mobile app has the same account opening process as the website. The app may be slightly faster because it can pull your information from your phone's contacts and settings, but both methods work equally well.
How long does it take to transfer money from another bank into my new Chase savings account?
Transfers from external banks typically take one to three business days. Your Chase savings account is active and usable immediately after opening, so you do not have to wait for the transfer to arrive before you start using it.
What if I need to close my Chase savings account after opening it online?
You can close a Chase savings account online through your account settings or by calling Chase customer service. If you have a balance, Chase will mail you a check or transfer the money to another account you specify. There is no penalty for closing an account early.