Chase Private Client is a premium checking account bundled with wealth management services
Chase Private Client Checking is not a standalone account—it is the deposit account that comes with Chase Private Client, which is Chase's wealth management program for people with investable assets of $250,000 or more. The checking account itself has no monthly fee if you maintain the required balance or meet other conditions, but it is designed as part of a larger relationship with a dedicated banker who also manages your investments, trusts, and other financial needs.
The account functions like a regular checking account: you can write checks, use a debit card, set up direct deposit, and pay bills online. What differs is the service layer around it—you get a personal banker, priority customer service, and perks like fee waivers on certain products and services. If you do not maintain the minimum balance or do not have a Private Client relationship, you cannot open this account.
This account is relevant to you only if you are already working with Chase on investments or wealth management, or if you have the assets to open a Private Client relationship. If you are looking for a basic checking account, Chase offers other options that do not require this level of commitment.
Key Takeaways
- Chase Private Client Checking requires a $250,000 minimum in investable assets or a relationship with a Chase Private Client banker.
- There is no monthly fee if you maintain the required balance or meet relationship requirements, but the account is bundled with wealth management services you must pay for separately.
- You get a dedicated personal banker, priority phone support, and fee waivers on certain Chase products, but these perks are part of the Private Client package, not the checking account alone.
- The checking account itself works like any other—debit card, online bill pay, direct deposit—but you cannot open it without already being a Private Client customer.
Minimum balance and fee structure
Chase Private Client Checking has no monthly maintenance fee as long as you meet one of these conditions: maintain a combined balance of $500,000 or more across all your Chase accounts, or maintain $250,000 or more in investable assets managed through Chase Private Client. If you fall below these thresholds, the account converts to a standard Chase checking product with its own fee structure, or Chase may close the account.
The account itself does not charge per-transaction fees for standard checking activities—no fees for debit card use, online transfers, or bill pay. However, you will pay for the Private Client wealth management services separately. Those fees depend on the assets under management and the services you use, and your banker discusses them when you open the relationship.
Overdraft fees and other service charges (such as wire transfer fees or stop-payment requests) follow Chase's standard schedule, though Private Client customers often receive waivers on certain fees as part of their relationship benefits.
What you actually get with the checking account
The checking account includes a debit card, online and mobile banking, bill pay, and the ability to link external accounts. You can deposit checks through mobile deposit or at any Chase branch. ATM access is unlimited at Chase ATMs nationwide, and you get fee reimbursement for out-of-network ATM charges (up to a certain amount per month, depending on your Private Client tier).
The real value proposition is not the checking features themselves—those are standard—but the integration with your Private Client banker. Your banker can help coordinate your checking account with your investment accounts, trust accounts, and credit products. They can also prioritize your requests and connect you with specialists for tax planning, estate planning, or lending.
You also get priority phone support with shorter wait times and dedicated phone lines, rather than routing through standard Chase customer service. This matters most if you have complex financial situations or time-sensitive needs.
Who should consider this account
This account makes sense only if you already have or plan to build a relationship with Chase Private Client for wealth management. If you have $250,000 or more in investable assets and want a single banker to oversee your checking, savings, investments, and credit products, this is the deposit account that comes with that relationship.
If you are looking for a basic checking account with no fees and no minimum balance, Chase offers Chase Total Checking and Chase Sapphire Checking, both of which are far simpler and do not require wealth management services. If you want premium checking features like higher interest rates or enhanced rewards, other banks and credit unions may offer better terms.
The Private Client Checking account is also not the right fit if you do not want to pay for wealth management services. The checking account itself is free, but you cannot have it without being a Private Client customer, and Private Client relationships come with advisory fees.
How to open or transition to this account
You cannot walk into a Chase branch and open Private Client Checking on your own. You must first establish a relationship with Chase Private Client, which requires meeting the asset threshold ($250,000 in investable assets) or being referred by an existing Chase banker.
If you meet the threshold, contact a local Chase Private Client office or ask your current Chase banker for a referral. During the intake meeting, the banker will discuss your financial goals, the services you need, and the fee structure. Once you are accepted into the program, the checking account is set up as part of your overall account structure.
If you already have a Chase checking account and later become a Private Client customer, your existing account may be converted to Private Client Checking, or you may be asked to open a new one. Ask your banker which approach applies to your situation.
Comparing Private Client Checking to other Chase accounts
| Account | Monthly Fee | Minimum Balance | Debit Card | Best For |
|---|---|---|---|---|
| Chase Private Client Checking | $0 (with $500K combined or $250K invested) | $250,000 investable assets | Yes | High-net-worth customers using Private Client wealth management |
| Chase Total Checking | $0 (no minimum) | None | Yes | Everyday checking with no fees or minimums |
| Chase Sapphire Checking | $0 (no minimum) | None | Yes, with rewards | Customers who want rewards on debit card purchases |
| Chase Premier Plus Checking | $25/month (waived with $15K minimum or direct deposit) | $15,000 | Yes | Customers wanting higher interest rates and premium features |
Frequently Asked Questions
Can I open Chase Private Client Checking without using their investment services?
No. The checking account is part of the Private Client package, and you cannot have it without being a Private Client customer. If you only want checking, use Chase Total Checking or Sapphire Checking instead. Private Client is designed for people who want a single banker managing multiple financial products.
What happens if my balance drops below $250,000?
If you fall below the required balance or asset threshold, Chase will typically convert your account to a standard checking product with its own fee structure, or they may close the account. Contact your banker before your balance drops to discuss your options and whether you can maintain the relationship at a lower tier.
Do I earn interest on the checking account balance?
Chase Private Client Checking does not earn interest. If you want to earn interest on cash balances, ask your banker about linked savings accounts or money market accounts, which may offer higher rates for Private Client customers.
Can I use this account if I live outside the United States?
Chase Private Client serves U.S. residents and some international customers, but requirements and services vary. Contact Chase Private Client directly to discuss whether you are may be able to access based on your location and citizenship status.
What fees does Chase Private Client charge for wealth management?
Private Client advisory fees vary based on the assets under management, the services you use, and your specific arrangement with your banker. Fees are typically charged as a percentage of assets managed, but the exact rate is negotiated individually. Your banker will provide a detailed fee schedule before you open the relationship.