Janice Lozano
Chase offers a College Checking account that can help students avoid monthly maintenance fees. Students can also take advantage of a $125 bonus offer by completing 10 qualifying transactions within 60 days of account opening. There are no monthly service fees for students aged 17 to 24 at account opening, enrolled in college or a vocational, technical, or trade school. However, there are certain conditions where fees may apply, such as foreign exchange rate adjustments for ATM withdrawals in currencies other than US dollars and withdrawal fees at non-Chase ATMs.
| Characteristics | Values |
|---|---|
| Monthly service fee | $0 for students aged 17-24 at account opening |
| Overdraft fee | $0 for transactions of $5 or less |
| Overdraft fee | $0 if overdrawn by $50 or less at the end of the business day |
| Overdraft fee | $0 if overdrawn by more than $50 and the account balance is $50 or less at the end of the next business day |
| Surcharge fee | $3 per withdrawal at a non-Chase ATM in the U.S. and U.S. territories |
| Surcharge fee | $5 per withdrawal at a non-Chase ATM outside the U.S. and U.S. territories |
| Foreign exchange rate adjustment fee | Applicable for ATM withdrawals in a currency other than U.S. dollars |
| Transfer fee | $15 per transfer or $0 if sent with the help of a Chase banker or using Chase online/mobile app |
| Transfer fee | $0 if using Chase online/mobile app to send the wire in foreign currency and the amount is $5,000 or more |
| Bonus | $125 for new customers with qualifying transactions |
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What You'll Learn
- Students can avoid monthly fees with a Chase College Checking Account
- There is a \$125 bonus for new Chase College Checking customers
- Chase Overdraft Assist means no overdraft fee if overdrawn by $50 or less
- A Foreign Exchange Rate Adjustment Fee may apply for non-USD ATM withdrawals
- Students can bank online, with a mobile app, or at over 4,700 branches
Students can avoid monthly fees with a Chase College Checking Account
The Chase College Checking account is a great option for students looking to avoid monthly fees. While the account typically has a $12 monthly maintenance fee, this fee is waived for students enrolled in college or a vocational, technical, or trade school. This waiver lasts up to the expected graduation date provided at account opening, with a maximum duration of five years.
To be eligible for the fee waiver, students must be between the ages of 17 and 24 when opening the account. Additionally, they must provide proof of enrollment, such as a valid student ID or acceptance letter. This waiver is a significant benefit for students, as it helps them save money during their time in school.
Another way for students to avoid monthly fees with a Chase College Checking Account is by maintaining a minimum balance. Students who maintain an average ending day balance of at least $1,500 in their checking account can waive the monthly service fee. This option provides students with the flexibility to avoid fees without having to worry about their enrollment status.
In addition to the monthly fee waiver, the Chase College Checking account offers other benefits for students. For example, students can earn a $125 bonus when opening a new account with qualifying transactions. This bonus can provide a financial boost for students who are just starting to manage their finances.
Furthermore, Chase offers a wide range of features and services to support student banking. The Chase Mobile® app allows students to bank securely and conveniently from anywhere. With Fraud Monitoring, students can receive notifications of unusual debit card transactions, providing an extra layer of security. Additionally, students can use Zelle® to send and receive money easily and safely with trusted contacts.
Overall, the Chase College Checking Account offers a comprehensive suite of features and benefits tailored to students' financial needs. By taking advantage of the monthly fee waiver, minimum balance requirement, and other perks, students can avoid monthly fees and build a strong foundation for their financial journey.
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There is a \$125 bonus for new Chase College Checking customers
Chase College Checking is a student account offered by Chase Bank. The account has no monthly fees for students aged 17-24, and comes with a host of benefits, including a free Chase Debit Card, free Online Banking and Online Bill Pay, free Mobile Banking, free Account Alerts, and free access to Chase ATMs and branches.
There is a $125 bonus for new Chase College Checking customers who open an account online and complete qualifying transactions. This offer is valid through 10/15/25. To qualify for the bonus, new customers must be 17-24 years old and provide a valid student ID, proof of enrollment/acceptance, college name, and expected graduation date. The account must be opened with a deposit of $0 or more, and the customer must complete at least 10 qualifying transactions within 60 days of opening the account. Qualifying transactions include debit card purchases, online bill payments, checks paid, Chase QuickDepositSM, Chase QuickPay® with Zelle®, ACH credits, or direct deposits.
The $125 bonus will be deposited into the new account within 10-15 business days of completing the requirements, provided the account is still open at the time of payout. It is important to note that this bonus is only available to individuals who do not already own or co-own a Chase checking or savings account. Accounts that have been closed within the last 90 days or closed with a negative balance within the last 3 years are also ineligible for the bonus.
In addition to the $125 bonus, Chase College Checking customers can also take advantage of other benefits such as no overdraft fees for transactions of $5 or less, no surcharge fees when using a Chase ATM, and the ability to send and receive money with Zelle®.
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Chase Overdraft Assist means no overdraft fee if overdrawn by $50 or less
Chase Bank offers a range of services to its customers, including students, to help them manage their finances and avoid unnecessary fees. One such service is the Chase Overdraft Assist program, which can be beneficial for students who may have limited funds and want to avoid overdraft fees.
The Chase Overdraft Assist program offers protection against overdraft fees for account holders who are overdrawn by $50 or less at the end of the business day. This means that if a student accidentally spends more than they have in their account and their balance is overdrawn by $50 or less, they will not incur an overdraft fee. This can be a helpful safety net for students who may be managing their finances for the first time and could accidentally overspend.
Additionally, the Chase Overdraft Assist program provides some flexibility for larger overdraft amounts. If a student's account is overdrawn by more than $50, they have until 11 PM ET (8 PM PT) on the next business day to make a deposit or transfer to bring their balance to overdrawn by $50 or less. By doing so, they can avoid the overdraft fee for that day. This feature gives students a chance to correct their mistake and minimize any financial penalties.
It is important to note that the Chase Overdraft Assist program does not apply to all types of Chase checking accounts. It is not available with Chase First Checking, Chase High School Checking, or Chase Secure Checking accounts. Students with a Chase College Checking account can benefit from this program, provided they meet the monthly requirements to waive the monthly service fee.
In addition to the Overdraft Assist program, Chase offers other ways for students to avoid fees. For example, Chase does not charge an overdraft fee for declined or returned unpaid transactions or for transactions of $5 or less. Students can also avoid surcharge fees by using a Chase ATM and can take advantage of the bank's mobile app to send and receive money securely.
Overall, while students may still need to be mindful of certain fees associated with their Chase checking accounts, the Chase Overdraft Assist program provides a valuable safety net to help them avoid overdraft fees and manage their finances more effectively. By understanding the features and limitations of this program, students can make informed decisions and take appropriate actions to maintain their financial stability.
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A Foreign Exchange Rate Adjustment Fee may apply for non-USD ATM withdrawals
When travelling abroad, it is important to be aware of the various fees that may be incurred when using ATMs or making card transactions in a foreign currency. One such fee is the Foreign Exchange Rate Adjustment Fee, which is charged by Chase for ATM withdrawals in a currency other than US dollars. This fee applies to withdrawals made outside of the US and its territories, which include American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the US Virgin Islands.
The Foreign Exchange Rate Adjustment Fee is a type of surcharge or foreign transaction fee, which is commonly applied by credit card issuers when a transaction is made in a non-USD currency or through a foreign bank. This fee can be charged by both the credit card network, such as Visa or Mastercard, and the card issuer, resulting in an additional cost on top of the original transaction amount. For example, if you pay €93 for a hotel room in Spain using a card on the Mastercard network with a 2% issuing bank fee, the currency conversion brings the amount to $100 in USD. Mastercard then charges 1% on top of this converted amount, and your card issuer may charge an additional 2%, bringing the total cost to $103.
It is worth noting that foreign transaction fees are not limited to ATM withdrawals and can also apply to card transactions made with international merchants, even if you are physically located in the US. Additionally, some ATMs may offer dynamic currency conversion (DCC), which allows you to pay in your home currency instead of the local currency. However, this service often comes with significant hidden fees, and it is generally recommended to decline DCC and choose to pay in the local currency to avoid being overcharged.
To minimise foreign transaction fees, it is advisable to use ATMs that are part of your bank's network or have partnerships with your bank to reduce or waive international withdrawal fees. Additionally, withdrawing larger amounts of cash at once can help reduce the frequency of ATM fees. Using a travel credit card that waives foreign transaction fees or a card that reimburses ATM fees can also help you avoid these charges.
While Chase does charge a Foreign Exchange Rate Adjustment Fee for non-USD ATM withdrawals, it is important to note that this may not be the only fee incurred when making such transactions. Other fees, such as surcharge fees from the ATM owner or network, may also apply. Therefore, it is essential to familiarise yourself with the fee structure of your bank and plan your withdrawals wisely to minimise any unnecessary costs.
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Students can bank online, with a mobile app, or at over 4,700 branches
Chase offers a college checking account for students between 17 and 24 years of age. Students can open a Chase College Checking account online and receive a $125 bonus with qualifying transactions. This bonus will appear in the account within 15 days after completing the qualifying transactions.
Chase offers a mobile banking app, Chase Mobile, that allows students to bank securely and conveniently from anywhere. The app includes Zelle, which enables users to send and receive money from people and businesses with eligible accounts at participating US banks. The app also includes Credit Journey, which provides free credit scores, identity monitoring, and personalized score improvement plans.
Chase has over 4,700 branches and 15,000 ATMs across the country, providing a broad range of financial services to over 82 million consumers and 6.4 million small businesses. Students can also avoid ATM fees by using a Chase ATM.
Chase also offers a range of resources to help students manage their finances, including FAQs, how-to videos, and other educational content at the Student Center.
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Frequently asked questions
Students aged 17-24 enrolled in college or a vocational, technical or trade school do not have to pay a monthly service fee.
The monthly service fee is $12.
You can avoid the monthly service fee by doing one of the following each monthly statement period: keep an average ending day balance of $1,500 or more in this account, make direct deposits into this account totalling $500 or more, or have electronic deposits made into this account totalling $500 or more.
Yes, there are some standard checking account fees associated with Chase College Checking, but there are ways to avoid them. For example, you can avoid Surcharge Fees by using a Chase ATM, and you can avoid overdraft fees by using Chase Overdraft Assist.
Yes, Chase College Checking offers a bonus of $125 for new customers who complete 10 qualifying transactions within 60 days of opening their account.
