Overview: JPMorgan Chase Bank
Below is a detailed review of JPMorgan Chase Bank, including the various pros and cons that we discovered during our review of the bank’s savings and checking accounts, and other services provided.
This Chase Bank review is a follow up to our annual review of the “Top Banks with High Yield Savings and Checking Accounts”.
1. JPMorgan Chase Review – Origin and Growth
Founded in 1799, J.P. Morgan Chase has been providing banking services to consumers for over 210 years.
Previously known as the Manhattan Company (a New York bank), it merged with Chase National Bank in 1955 to form Chase Manhattan Bank.
In 2000, Chase acquired JP Morgan for $34 billion and became known as JPMorgan Chase.
Chase bank offers a wide range of banking products and services.
In fact, it’s hard to find any banking services not offered by Chase.
From checking accounts to savings accounts, money market accounts, credit cards, debit cards, business banking services, investment advice, asset management, and so much more.
Image Source: JP Morgan Chase
Aside from standard banking services, the bank’s customer service is ranked very high by its customers.
They also provide a wide array of online banking services.
Any account that you could open in a branch can also be opened and managed online through their online services.
3. Unique Benefits to Banking with Chase
The biggest unique benefit you get when banking with Chase is the peace of mind from knowing that you bank with the world’s largest banking institution.
JPMorgan Chase has surpassed Bank of America as the biggest bank in the world
Another unique benefit you get with Chase is the ability to transfer money online to other Chase users.
If you’ve got a family member or friend that needs help, all you need to do is log in and click the transfer button. Chase does the rest.
That brings us to another unique feature: their online banking platform. It includes just about anything you’ll need to manage your finances.
Finally, when banking with Chase for your credit card needs, you get the added perk of working with the inventors of some of the best rewards programs around. Chase has become well-known for offering cards with a wide range of rewards.
4. Chase Bank Reviews – Rates and Fees
Chase offers a wide range of products from credit cards to checking accounts, investment accounts and more. The rates you pay depend on the type of account that you open.
In all of their financial products, however, Chase makes an honest attempt to stay competitive.
The prices on some of their accounts, like checking, are slightly higher than their competition, but they make up for those fees in other ways.
Overall, Chase’s pricing structure could be better, but is still competitive.
5. A Close Look at Chase’s Core Values
The first thing we noticed about Chase’s core values is how the bank seems to go out of its way to value the communities they serve.
In the year 2012 alone, Chase donated $190 million to thousands of non-for-profit organizations in 37 different countries.
Image Source: Pixabay
This isn’t the first year that they’ve donated an astonishing amount of money for the betterment of the communities they serve. To give them credit, they’ve been doing it for more than a century.
Also, in a show of elegance, Chase has a tradition that goes back more than 50 years of sponsoring events that foster creativity. They have one of the most established corporate art collections in the world.
6. Negative Reviews on Chase Bank – Consumer Complaints
There are numerous amounts of negative reviews and consumer complaints about Chase Bank. On Consumer Affair’s website, there are at least 1,023 complaints.
However, it is important to remember that it’s just as easy to find good reviews about Chase as it is to find bad.
Chase isn’t just a good bank to work with, they’re a great bank.
They are the world’s biggest bank by assets, and they earned that position through more than 200 years of providing exceptional services.
Their fees are competitive, and it’s easier to find good reviews than bad. All in all, Chase is a great bank to do business with.
AdvisoryHQ (AHQ) Disclaimer:
Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.
Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.