You can open a Chase savings account online in about 15 minutes using a computer or the Chase mobile app, and you'll need a Social Security number, valid ID, and an initial deposit method.
Chase lets you start the entire process from home without visiting a branch. You'll answer questions about yourself, verify your identity, link a funding source, and choose your account type—all before money moves. The account opens immediately in most cases, though it can take up to one business day for the system to fully activate and for you to see your account number in the app or online.
The process differs slightly depending on whether you're a new Chase customer or already have a checking account with them. Existing customers move faster because Chase already has your information on file.
Key Takeaways
- You need a valid government ID, Social Security number, and a funding source (another bank account or debit card) to open an account online.
- New Chase customers take about 15 minutes; existing customers with a Chase checking account can open a savings account in under 5 minutes.
- You must deposit money to open the account—Chase does not offer a zero-deposit option for online savings accounts.
- Your account number appears in the Chase app or online banking within one business day, and you can start using the account immediately after opening.
What You Need Before You Start
Gather these items before you begin: a valid government-issued ID (driver's license, passport, or state ID), your Social Security number, and a way to fund the account. The funding source can be a debit card, another bank account (via ACH transfer), or a wire transfer.
Chase will ask for your current address, phone number, and email. If you've moved recently, have your previous address ready—Chase uses it to verify your identity. You'll also need to know your employer's name if you're currently employed, though this is optional.
If you're opening an account as a minor (under 18), a parent or guardian must be present and will become the account owner. Chase does not allow minors to open accounts independently online.
Step-by-Step: Opening Your Account Online
Step 1: Go to chase.com or open the Chase mobile app. Look for the "Open an Account" button, usually near the top of the page or in the app menu. Select "Savings Account" from the account type options.
Step 2: Enter your personal information. Chase will ask for your name, date of birth, Social Security number, current address, phone number, and email. Answer honestly—Chase verifies this information against credit bureaus and government records. If you have a Chase checking account already, you may skip some of these fields.
Step 3: Verify your identity. Chase uses a combination of questions about your credit history and address history to confirm you are who you say you are. Answer these questions based on information from your credit report. If you answer incorrectly, Chase will ask you to upload a photo of your ID instead. This takes a few extra minutes but is equally valid.
Step 4: Choose your savings account type. Chase offers several: Chase Savings, Chase Premier Savings, and Chase Sapphire Savings. The main differences are interest rates and minimum balance requirements. Read the terms for each before choosing.
Step 5: Link your funding source and make your initial deposit. You can transfer from another bank account (takes 1 to 3 business days) or use a debit card (instant). Chase requires a minimum opening deposit—this varies by account type but is typically $0 to $25. Check the current requirement on the account details page.
Step 6: Review and confirm. Chase shows you a summary of your new account, including the account number, routing number, and opening deposit amount. Read this carefully. Once you confirm, the account is open.
What Happens After You Submit
Your account opens immediately, but you won't see it in your online banking or app right away. Chase typically makes the account visible within one business day. During this time, your opening deposit is processing—if you used a debit card, it posts the same day; if you transferred from another bank, it takes 1 to 3 business days.
You'll receive a confirmation email with your account number and a link to set up online access if you don't already have it. If you opened the account on the Chase app, you're already logged in and can see the account as soon as it appears in the system.
Chase will mail you a debit card and checks (if you requested them) within 7 to 10 business days. You don't need these to use your account—you can transfer money online or via the app immediately.
Minimum Deposit and Account Requirements
Chase requires an opening deposit to activate the account. The amount depends on which savings account you choose. Chase Savings typically requires $0 to $25; Premier Savings may require $10,000 or more. Sapphire Savings has its own threshold. Check the specific account details before you open.
After opening, there is no minimum balance requirement to keep the account open, though some account types offer higher interest rates if you maintain a certain balance. You can deposit as little as $1 and keep the account active.
Chase charges a monthly maintenance fee on some savings accounts, but many customers waive this fee by maintaining a minimum balance or linking the account to a Chase checking account. Read the fee schedule for your specific account type.
If Your Online Application Is Declined or Delayed
Chase may decline your application if you have a history of overdrafts, unpaid fees, or fraud with another bank. If this happens, you'll see a message on screen explaining the reason. You can call Chase at 1-800-935-9935 to ask about your application or visit a branch in person.
Your application may also be delayed if Chase cannot verify your identity through its automated system. In this case, you'll be asked to upload a photo of your ID and possibly a recent utility bill or bank statement. This review usually takes 1 to 2 business days.
If you're denied, you can reapply after 30 days. Some customers find it helpful to open a checking account first, build a history with Chase, and then open a savings account—this path sometimes succeeds when a direct savings account application does not.
Moving Money Into and Out of Your New Account
Once your account is open, you can transfer money in several ways. From another bank account, use ACH transfer (1 to 3 business days, free). From a Chase checking account, transfer instantly and free through online banking or the app. From a debit card, deposit instantly but Chase may charge a fee depending on the card issuer.
To withdraw money, you can transfer it back to another bank account (1 to 3 business days), withdraw at a Chase ATM (instant), or visit a branch and withdraw in person. There is no limit on how many times you can withdraw per month, though some savings accounts have restrictions—check your account terms.
Frequently Asked Questions
Can I open a Chase savings account if I don't have a checking account with them?
Yes. New customers can open a savings account online without an existing Chase account. The process takes about 15 minutes and requires the same information. If you already have a Chase checking account, opening a savings account is faster—usually under 5 minutes.
What if I don't have a Social Security number?
Chase requires a Social Security number or Individual Taxpayer Identification Number (ITIN) to open an account. If you have an ITIN, you can use it in place of an SSN. If you have neither, you'll need to visit a branch in person and bring additional documentation.
How long does it take to see my account number?
Your account number appears in the Chase app or online banking within one business day. You can start using your account immediately after opening, even if the account number hasn't appeared yet—Chase will provide it via email and in your account settings.
Can I change my mind and close the account right after opening?
Yes. You can close the account anytime with no penalty. If you close within 10 days of opening, Chase will not charge you a monthly fee. After 10 days, you may owe a fee depending on your account type—check your terms.
What if my initial deposit fails?
If your debit card or bank transfer is declined, Chase will notify you by email. You can try a different funding source or visit a branch to complete the opening in person. Your account may remain open but inactive until a deposit is made, depending on Chase's policy at the time.