Alexandra Barring, Banking Moderator
@alexandra
You don’t need a certain credit score to open a Chase checking or savings account, as there is no credit score requirement. Chase does not require a credit score for these accounts because they are deposit accounts, not loans or lines of credit. This means you can only withdraw or spend money you’ve deposited into the account, so your creditworthiness isn’t really relevant.
To open a Chase checking or savings account, you must be at least 17 years old with a valid SSN or Individual Taxpayer Identification Number. Chase does not require a minimum deposit to open an account.
Popular Chase Deposit Accounts
- Chase Total Checking
- Chase Secure Banking
- Chase College Checking
- Chase Sapphire Banking
- Chase Savings
Information Chase Could Check Before You Open a Deposit Account
While Chase doesn’t require a specific credit score to open an account, they will likely check to see if you have an existing ChexSystems report. ChexSystems is like the credit reporting agencies, but for bank accounts.
If you’ve mishandled a bank account in the past – for example, by bouncing checks or failing to pay fees – you may have a ChexSystems report. Based on the information contained in this report, Chase may refuse to accept you as a customer.
In addition, even though there is no credit score requirement to open a Chase account, Chase may still gather your credit history from all three major credit reporting agencies as per their account disclosures. Chase may also report information regarding your account to these agencies.
Improve Your Credit With a Chase Credit Card
If you’re concerned about improving your credit score or beginning to build your credit history, you could consider opening a credit card. It’s possible to get a Chase credit card account even if you have good credit. If you’re unsure of where you stand, you can check your credit score (and review your credit report) for free on WalletHub.
People also ask
What is required to qualify for a checking account?
You don't really need to qualify for a checking account. Pretty much anyone who is at least 18 years old can open a checking account. Depending on the bank, you will need one or two forms of government issued photo identification, your social security number, and a utility bill.
read full answer by Alexandra Barring, Banking ModeratorIs it easier to get a checking account online or at a branch?
It's generally easier to get a checking account online. It can take just minutes there's no need for signatures or branch visits.
If your account is with a traditional bank you will have the option to conduct most or all of your business online or at a local bank branch. If it’s with an online-only bank, unless you are granted access to an ATM network, everything you do will be done online.
read full answer by Sydney Garth, Credit Cards ModeratorWhat is the best second chance checking account?
The best second chance checking accounts come with very few limits, low or no monthly fees and no minimum balance requirements. Some of the second chance bank accounts that are offered nationwide include:
- Chime - with no monthly fees and no minimum to open
- Varo Bank - no monthly fees and no minimum to open
- Peoples Bank Cash Solutions Second Chance Checking with a $4.95 monthly fee and a $30 minimum to open.
read full answer by Sydney Garth, Credit Cards ModeratorDid we answer your question?
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