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 to 15 minutes and requires a valid government ID, Social Security number, and an initial deposit (which varies by account type). You'll need an existing Chase checking account, a valid email address, and a phone number to complete the setup.
Not every Chase savings product is available online — some specialty accounts still require a branch visit — but the main options (Chase Savings, Chase Premier Savings, and Chase Sapphire Savings) can all be opened remotely. Once your account is approved, you can start using it the same day or within one business day, depending on the time you submit your application.
Key Takeaways
- Chase savings accounts open online in 10 to 15 minutes using your ID, Social Security number, and an initial deposit.
- You must have an existing Chase checking account or be willing to open one at the same time to open a savings account online.
- The minimum opening deposit ranges from $0 to $25,000 depending on which savings product you choose.
- Your new account is usually ready to use the same day or within one business day after approval.
- Some Chase savings products (like certain promotional accounts) may require a branch visit, so check the specific account details before starting.
What you need before you start
Gather these items before opening your browser: a valid government-issued photo ID (driver's license, passport, or state ID), your Social Security number, and proof of your current address (a recent utility bill, lease, or bank statement works). Chase will verify your identity electronically using this information.
You'll also need a way to fund the account. Chase accepts transfers from another bank account, a debit card, or a check deposited through mobile deposit. If you're opening a savings account, you must link it to an existing Chase checking account or open one simultaneously. Have that checking account number ready if you already have one.
The step-by-step process on Chase.com
Log into your Chase account on chase.com or the Chase mobile app. If you don't have a Chase account yet, you'll need to open a checking account first — you can do this in the same session. Once logged in, look for "Open an Account" or "Savings" in the main menu and select the savings product you want.
Chase will ask you to confirm your personal information (name, date of birth, address), verify your identity by answering security questions or uploading your ID photo, and choose your account type and initial deposit method. Review the account terms, including the current interest rate and any monthly fees, then sign the electronic agreement. Submit your application and wait for approval, which usually happens within minutes to a few hours.
After approval, your account number appears on screen. You can transfer money into it immediately using the linked checking account, or wait for a check or external transfer to post. The account is active and ready to use, though transfers from outside banks may take one to three business days to clear.
Minimum deposit requirements by account type
| Account Type | Minimum Opening Deposit | Monthly Fee |
|---|---|---|
| Chase Savings | $0 | $0 (no monthly maintenance fee) |
| Chase Premier Savings | $25,000 | $25 (waived if you maintain the minimum balance) |
| Chase Sapphire Savings | $0 | $0 (no monthly maintenance fee) |
Chase Savings and Sapphire Savings have no opening deposit requirement, so you can fund them with as little as $1 if you want. Premier Savings requires $25,000 upfront but waives the monthly fee if you keep that balance. Interest rates on all three change based on the Federal Reserve's rate decisions, so check chase.com for the current rate before opening.
If you're unsure which account fits your situation, start with Chase Savings — it has no minimum deposit and no monthly fee, making it the lowest-barrier option. You can always move money to a different savings product later if your balance grows or your needs change.
What happens if your application is denied
Chase may deny your application if you have a negative banking history (unpaid overdrafts, fraud, or closed accounts due to mismanagement), fail identity verification, or don't meet the minimum deposit requirement. If this happens, Chase will send you a notice explaining the reason — usually within one to three business days.
If you were denied, you can call Chase at 1-800-935-9935 to ask whether you can reapply or if you need to resolve something first (like paying off an old overdraft). Some denials are temporary and can be reversed once you've corrected the issue. If you're consistently denied by Chase, you may need to look at banks with less strict approval requirements.
Moving money in and out after opening
Once your savings account is open, you can transfer money from your Chase checking account instantly using the Chase app or website — no waiting required. Transfers from other banks take one to three business days through ACH (the standard electronic transfer system). You can also deposit checks using mobile deposit, which posts within one to two business days.
Withdrawals work the same way: you can transfer money back to your checking account instantly, or to another bank account in one to three business days. Chase savings accounts have no withdrawal limits, though federal rules previously capped savings withdrawals at six per month — that rule was suspended, but some banks still enforce it internally. Check your account terms or call Chase to confirm their current policy.
Interest rates and how they change
Chase savings accounts earn interest, but the rate is set by Chase and changes when the Federal Reserve adjusts its benchmark rate. The rate you see when you open the account is not may provide to stay the same — it can go up or down. Chase publishes current rates on their website, and you can see your account's rate in the app or by logging into chase.com.
Interest is calculated daily on your balance and deposited monthly. If you have $10,000 in a Chase Savings account earning 0.01% APY (annual percentage yield), you'd earn about $1 per year. Higher-yield savings accounts at online banks often pay more, so compare rates before deciding. Chase's main advantage is convenience and integration with checking accounts, not the highest interest rate.
Frequently Asked Questions
Do I need a Chase checking account to open a savings account online?
Yes. Chase requires you to link a savings account to a checking account. If you don't have a Chase checking account, you can open one at the same time you open savings, all online in one session.
How long does it take to get approved?
Most applications are approved within minutes to a few hours. You'll see a confirmation on screen or receive an email. If Chase needs to verify something manually, approval may take up to one business day.
Can I open a savings account on the Chase app instead of the website?
Yes. The Chase mobile app has the same account-opening process as chase.com. The steps and requirements are identical, and approval happens just as fast.
What if I don't have a government ID?
Chase requires a valid government-issued photo ID to open an account online. If you don't have one, you'll need to visit a branch in person with alternative documents like a passport card or state ID.
Can I close the account right after opening it?
Yes. You can close a Chase savings account anytime through the app, website, or by calling 1-800-935-9935. There's no penalty for closing a new account, though Chase may ask why you're closing it.