Opening A Chase Account: Options For International Students

International students have a variety of options for opening a bank account in the United States. Chase, for example, offers a College Checking account for students aged 17 to 24. To open a new account, international students will need two forms of ID, such as a passport and student INS I-20 or ICE I-20 form or DS-2019 form, as well as proof of student status and a residential address. Other popular banks in the US that offer student accounts include Bank of America, Capital One, HSBC USA, Santander, TD Bank, U.S. Bank, and Wells Fargo.

International students can open a Chase College Checking account

To open a Chase College Checking account, you will need to bring two forms of ID, such as a Social Security card, Taxpayer Identification Number, driver's license, or student ID with a photo. If you are an international student, you will need a passport with a photo and the Student INS I-20 or ICE I-20 form or DS-2019 form. You will also need to provide a residential address and proof of your student status, such as a transcript or acceptance letter.

There are no monthly service fees for up to five years if you are a student between the ages of 17 and 24. Chase offers online and mobile banking, including the ability to deposit checks via the Chase mobile app. You can also open a linked Chase savings account for free and use it for overdraft protection. Additionally, Chase has over 4,700 branches and a network of 16,000 ATMs, making it convenient to access your money.

However, it is important to note that there may be fees associated with using a non-Chase ATM and potential overdraft fees if you spend more money than you have in your account. Therefore, it is recommended to research the various fees and requirements before opening an account.

Required documents for opening a Chase account

International students can open a Chase College Checking Account at any Chase branch as long as they have the right documents. This account is designed for college students aged 17 to 24 years old.

To open a Chase College Checking Account, you will need to bring two forms of identification, such as a Social Security card, a taxpayer identification number (TIN), a driver's license with a photo, or a student ID with a photo. You will also need proof of your student status and expected graduation date, such as a transcript or acceptance letter. If you are not a US student, you will need to provide a passport with a photo and the Student INS I-20 or ICE I-20 form or DS-2019 form. Non-US students must also supply a residential address (US or foreign) and proof of student status.

It is important to note that different types of checking accounts have varying requirements. For example, some accounts may require a minimum opening deposit. It is recommended to research and compare the different types of accounts and their requirements before choosing one that suits your needs.

Additionally, when opening a bank account in the US, you may need to provide identification in the form of a valid US government-issued photo ID, a driver's license, or a state ID.

Pros and cons of a Chase College Checking account

Pros of a Chase College Checking Account

• Chase College Checking accounts have a $0 monthly service fee for up to five years if you are a student between the ages of 17 and 24.
• Chase offers online and mobile banking, including the ability to deposit cheques via the Chase mobile app, which means you can bank from anywhere.
• You can open a linked Chase savings account for free and use it to save money and as overdraft protection.
• Customer service is available 24 hours a day, seven days a week, making it easy to get help with your account whenever you need it.
• Opening a Chase College Checking account helps you establish a banking history with Chase bank, which can be useful when applying for loans or a Chase credit card in the future.
• Other services offered with a Chase College Checking account include free online bill pay and text banking.
• Chase bank branch offices are easy to find, with over 4,700 branches nationwide and a network of 16,000 ATMs.

Cons of a Chase College Checking Account

• There may be monthly fees, overdraft fees, and ATM fees for using a non-Chase ATM.
• You will need to bring two forms of ID, such as a Social Security card, taxpayer identification number (TIN), driver's license with a photo, or student ID with a photo, to open an account.
• If you are not a US student, you will need to provide a passport with a photo and the Student INS I-20 or ICE I-20 form or DS-2019 form, as well as a residential address (US or foreign) and proof of student status.

Monthly service fees for Chase College Checking accounts

International students can open a Chase College Checking account, which is designed for college students aged 17 to 24. This account is also open to non-US students, who will need a passport with a photo, a Student INS I-20 or ICE I-20 form or DS-2019 form, a residential address, and proof of student status.

Now, onto the monthly service fees for the Chase College Checking account. The monthly service fee is $0 for up to five years if the account holder is a student between the ages of 17 and 24. However, after this period, monthly service fees will apply. The monthly service fee is usually $6, but as of March 17, 2024, it will increase to $12. This fee can be avoided by fulfilling one of the following conditions each month:

• Maintaining an average ending day balance of $1,500 or more in the account (previously $5,000).
• Making direct deposits into the account totalling $500 or more, including payments from payroll providers or government benefit providers (previously no minimum amount).

International payment charges for Chase accounts

International students can open a Chase College Checking account in any Chase branch, provided they have the necessary documents. These include a passport with a photo, a Student INS I-20 or ICE I-20 form or DS-2019 form, proof of a residential address, and proof of student status.

Now, regarding international payment charges for Chase accounts, there are a few things to note. Firstly, Chase does charge foreign transaction fees when you use your Chase Debit card for international transactions. These fees typically range from 2% to 5% of the total purchase amount, with Chase's fee being 3% for most accounts. Additionally, there is a \$5 fee for withdrawals from non-Chase ATMs abroad, and you may also incur surcharges from foreign ATM operators, which can vary by network.

However, some premium checking accounts at Chase do not charge foreign transaction fees. These include the Chase Sapphire Preferred, Chase Sapphire Reserve, and Chase Private Client accounts. The Chase Sapphire Reserve account, for example, offers a \$300 annual travel credit and complimentary access to airport lounges.

It's important to note that Chase does not require clients to lodge travel notices when travelling abroad, as advanced fraud detection capabilities have eliminated the need for prior travel notification. Chase will send alerts if any unusual behaviour or suspicious transactions are detected.

When considering international payments, it's also worth mentioning that Chase offers online and mobile banking, allowing customers to bank from anywhere. This includes the ability to deposit checks using the Chase mobile app and access to a network of over 16,000 Chase bank ATMs nationwide.

Frequently asked questions