You can open a Chase savings account entirely online in about 10 minutes

Go to chase.com, click "Open an Account," select the savings product you want, and provide your Social Security number, date of birth, address, and initial funding method. Chase will verify your identity in real time, and you'll have an account number and routing number before you finish. You can fund it immediately with a debit card, bank transfer, or wire, or wait and deposit money later.

The entire process happens on your phone or computer. You don't need to visit a branch, call anyone, or wait for approval. If Chase needs more information—which is rare—they'll email you within a few hours.

Key Takeaways

  • You need a valid government ID, Social Security number, current address, and an initial funding source (debit card, bank account, or wire transfer).
  • Chase offers multiple savings products online: a basic savings account, a high-yield savings account, and money market accounts, each with different interest rates and minimum balances.
  • The account opens immediately after identity verification, and you can start using it the same day.
  • Chase may decline your application if you have unpaid overdrafts, fraud history, or appear on ChexSystems, a banking history database.

What you need before you start

Have your Social Security number, date of birth, and current address ready. Chase will ask for the address where you currently live, not a mailing address. If you've moved recently, use your most recent address.

You'll also need a way to fund the account. Most people use a debit card from another bank, which funds the account instantly. You can also transfer money from a checking account at another bank (this takes one to three business days) or wire money (usually same-day). Some people open the account without funding it immediately and deposit money later, though Chase may close inactive accounts after a period of time.

Have a phone number and email address ready too. Chase will send a confirmation code to your phone or email during the process.

The step-by-step process

Step 1: Go to chase.com and start the account opening flow. On the homepage, look for "Open an Account" or "New to Chase?" and click it. You'll land on a page showing Chase's savings products. Read the descriptions—they differ in interest rates, minimum balances, and monthly fees.

Step 2: Choose which savings product you want. Chase offers a basic savings account (lowest interest rate, no minimum balance), a high-yield savings account (higher interest, no minimum), and money market accounts (highest interest, higher minimum balance). The interest rates change, so check the current rates on the product page before you choose. Pick one and click "Open Now" or "get your free guide."

Step 3: Enter your personal information. You'll provide your full name, date of birth, Social Security number, current address, phone number, and email. Chase uses this to verify your identity in real time against government records. Be exact—misspellings or old addresses can slow things down.

Step 4: Verify your identity. Chase will ask you to confirm a code sent to your phone or email. Enter it, and the system will check your information against databases. This usually takes seconds. If something doesn't match, Chase will ask follow-up questions (like previous addresses or the last four digits of accounts you've had).

Step 5: Choose how to fund the account. Select debit card, bank transfer, or wire. If you use a debit card, enter the card number and the amount you want to deposit. If you transfer from another bank, you'll provide that bank's routing number and your account number there. Wire transfers require you to contact Chase for wiring instructions after the account opens.

Step 6: Review and confirm. Chase will show you a summary of the account details, the funding method, and the terms. Read it, then click to confirm. You're done.

What happens after you submit

Your account opens immediately. Chase will display your account number and routing number on the screen and email them to you. You can use these to set up direct deposit, receive wire transfers, or link the account to other services right away.

If you funded with a debit card, the money appears in your savings account within minutes. Bank transfers take one to three business days. Wire transfers, if you arrange them after opening, usually arrive the same day.

Chase may send you a welcome email with information about your account features, interest rates, and how to use online banking. You can log in to chase.com or the Chase mobile app immediately to see your balance and manage the account.

Reasons Chase might decline your application

Chase will reject your application if you have an existing unpaid overdraft at Chase or another bank, appear on ChexSystems (a database of banking problems like fraud or repeated overdrafts), or if your identity doesn't verify. If this happens, Chase will tell you why in an email and may offer you a second chance to provide more information.

If you're on ChexSystems, you can request your report from ChexSystems directly to see what's listed. Some items fall off after a certain time. If the issue is an old overdraft, paying it off may help you open an account at Chase later.

Chase also declines applications from people who don't have a valid Social Security number or government ID, or who provide false information. If you're not a U.S. citizen or permanent resident, you may still open an account, but you'll need an ITIN (Individual Taxpayer Identification Number) instead of a Social Security number.

How to fund your account after opening

Once your account is open, you can deposit money in several ways. The fastest is a debit card transfer (minutes). Bank transfers from another account take one to three business days. You can also set up direct deposit from your employer, which usually arrives on payday.

If you have a Chase checking account, you can transfer money between your checking and savings instantly using the Chase app or website. You can also visit a Chase branch and deposit cash or a check directly into your savings account.

Wire transfers work in both directions: you can wire money into your savings account (ask Chase for the wire instructions), or wire money out to another bank. Incoming wires usually arrive the same day. Outgoing wires take one business day.

Frequently Asked Questions

Can I open a Chase savings account if I don't have a Social Security number?

Yes. If you're not a U.S. citizen or don't have a Social Security number, you can use an ITIN (Individual Taxpayer Identification Number) instead. Provide the ITIN during the account opening process. Chase will verify it the same way it verifies a Social Security number.

What's the difference between Chase's savings account and high-yield savings account?

The high-yield savings account pays a higher interest rate on your balance. Both have no minimum balance requirement and no monthly fee. The trade-off is that the high-yield account may have limits on how many withdrawals you can make per month, though Chase has relaxed this rule in recent years. Check the current terms on Chase's website, as rates and rules change.

How long does it take to open a Chase savings account online?

The entire process takes 10 to 15 minutes from start to finish. Identity verification happens in real time. Your account number is ready before you close the browser. If Chase needs additional information, they'll email you within a few hours.

Can I open a Chase savings account on my phone?

Yes. The Chase mobile app and chase.com both work on phones. The process is identical. Make sure you have a strong internet connection and that your phone's camera works if Chase asks you to photograph your ID (some verification methods require this).

What if I want to close my Chase savings account later?

You can close it anytime by calling Chase customer service or visiting a branch. If you have money in the account, Chase will send it to you by check or transfer it to another account you specify. There's no penalty for closing early.