Chase Secure Banking offers new checking account users a $100 bonus, plus overdraft relief (2024)

Those who have been wanting to open a new checking account for all their spending money have a reason to act now.

Currently, new Chase checking customers can earn $100 when opening a Chase Secure Banking℠ account. Account holders must complete 10 qualifying transactions, such as debit card purchases or direct deposits, within 60 days of opening an account. (Offer expires 10/16/2024).

Chase Secure Banking users can also find relief in knowing that they won't be charged any overdraft fees if they don't have enough money in their account to cover a purchase. They also get easy access to their funds with Chase's more than 15,000 ATMs and over 4,700 branches.

Here's what you need to know about Chase Secure Banking, from its APY, access to your cash, perks and fees.

• APY
• Access to your cash
• Perks
• Fees
• Bottom line

Account holders can withdraw money daily at any ATM, including other bank's, or visit one of 4,700-plus Chase branches. Zelle® is also integrated into the Chase Mobile^®app, so you can send and receive money to friends or family in minutes.

Debit card purchases are limited to $3,000 per day. ATM withdrawals have several restrictions, depending on the ATM:

• Chase in-branch ATM limit:$3,000
• Other Chase ATM limit:$1,000
• Non-Chase ATM limit: $500

The biggest perk right now with the Chase Secure Banking checking account is the $100 bonus that new users can take advantage of until. The bonus is earned after completing 10 qualifying transactions within 60 days of account opening. These eligible transactions include debit card purchases, online bill payments with Zelle®,Chase QuickDeposit^SM, orACH credits.

Beyond just the welcome bonus, however, customers can always benefit from the below perks:

• Top-rated mobile app, with 4.8 out of 5 stars on the Apple® App Store.
• Zelle® is integrated directly into the Chase mobile app, allowing you to send and receive money within minutes.
• More than 15,000 Chase ATMs, allowing you to deposit or withdraw cash without fees.
• Mobile check deposit, allowing you to conveniently upload photos of checks and deposit them from within the Chase mobile app.
• Zero liability protection, allowing you to get reimbursed for unauthorized card transactions when reported promptly.
• Alerts, allowing you to stay aware of your balance and deposits.

With Chase Secure Banking, there is a $4.95 monthly maintenance fee. There is no way to waive this cost, so you may want to look elsewhere for a no-fee checking account.

In addition to there being no minimum deposit amount to open an account, there are also no fees on most transactions you make every day. These include zero overdraft fees, zero fees to cash checks, zero fees to pay bills via Chase Online℠ Bill Pay and zero fees to send money using Zelle®.

Overdraft costs are standardchecking account fees costing around $30 for each transaction, so not having them is a big plus. Instead, Chase will decline or return transactions when you do not have enough money in your account.

Account users can avoid the $3 to $5 out-of-network ATM fee by using one of Chase's more than 15,000 in-networks ATMs.

The Chase Secure Banking checking account gives you a chance to earn an extra $100, while helping you only spend what money you have with no overdraft charges. According to Chase's website, Secure Banking customers have reported saving an average of $50 per month on fees after opening their account.

Just be aware that you will have to pay a monthly $4.95 fee to maintain an account. These fees can add up over time and it may be worth looking for a checking account that does not levy a monthly maintenance fee.

Account holders also have the flexibility to bank online, with a top-rated mobile app and Zelle® access, as well as at 4,700-plus branches in 48 states.

Those looking for a welcome offer greater than $100, check out Select's roundup of the best checking account bonuses.

Read more