Chase Student Bank Account: Facilities, Bonuses, Requirements, & Opening Process

For those who want to save money while managing banking activities as a student or want to open a bank account, a Chase Student Bank Account can be a smart choice.

Chase bank accounts offer several benefits specifically for students, making them more appealing to students.

Today, we will discuss the benefits of a student bank account or Chase College Checking Account, the requirements for opening one, the student account opening process, and more information.

Chase Student Bank Account Facilities

Let’s start by learning about the benefits Chase bank accounts offer to students. Here are the benefits:

  • The main benefit of a Chase Student Bank Account is the maintenance fee waiver for students aged 17 to 24.
  • When you enroll in college, the Chase bank account will waive the $6 monthly fee.
  • Opening a Chase Student Bank Account is completely free.
  • There is no monthly fee for the Chase Student Bank Account for up to five years.
  • No minimum balance deposit is required to open the account.
  • You can track or check your Chase Student Bank Account through the Chase mobile app.
  • Chase Student Bank offers important investment advice and various investment opportunities.

Who Can Open a Chase Student Bank Account?

Students aged 17 to 24 can open a Chase Student Bank Account. If you are over 17, you can open a regular savings account.

On the other hand, if you are under 17 but over 13 and want to open a Chase bank account, you can open a Chase High School Account.

In summary, students aged 17 to 24 can open this account and receive maintenance-free services for up to five years.

Required Documents to Open a Chase Checking Student Account

Now, let’s find out what documents are required to open a Chase Student Bank Account. The required documents vary based on the account type and the student type.

Let’s take a quick look at these:

To Open Online For US Students

US students who want to open a Chase bank account online need the following documents:

  • Social Security number
  • Driver’s license or other state-issued ID document
  • Personal and contact information
  • Full details of the course attended and expected graduation date

To Open in a Branch For US Students

US students who want to open a Chase Student Bank Account at a branch need the following documents:

  • Social Security Card or Taxpayer Identification Number (TIN)
  • 2 forms of photo ID, such as a driver’s license or passport
  • Personal and contact information
  • Written evidence of the course attended and expected graduation date, such as a transcript or acceptance letter

To Open in a Branch For International Students

International students who are studying in the US and want to open a Chase Student Bank Account need to go to a branch with the following documents:

  • Valid passport
  • Student INS-I20 form, ICE I-20 form, or DS 2019 form, depending on your circumstances
  • Personal and contact information, including a residential address in the US or abroad
  • Written evidence of the course attended and expected graduation date, such as a transcript or acceptance letter

How to Open a Chase Student Account?

Now, we will learn about the Chase Student Bank Account opening process. Chase Student Bank Accounts can be opened in two ways: online and at a branch.

Both methods are mentioned below, and you can choose the one that is most convenient for you.

Learn also about the United States Postal Service Passport

Chase Student Account Opening Online Process

First, let’s learn about opening an account online. If you want to open a Chase Student Bank Account online by yourself, follow the instructions below:

Chase Student Bank Account

  • Next, click on the “Open an account” button.

Chase College Checking Account

  • On the next page, you will be asked a question: “Are you an existing Chase customer?” If you are already a Chase customer, select Yes, and if you are new, select No.
  • Then click the “Get Started” button.

Chase Student Bank Account Opening

  • On the next page, provide your full name: first name, middle name (if any), last name, and suffix (if any).

 

Chase Student Bank Account

  • On the next page, provide your date of birth in the format of month, day, and year.
  • Click the “Next” button.

Chase Student Savings Acocunt

  • On the next page, provide your email address and phone number on the right side.
  • Click the “Next” button.

Chase Bank Student Account

  • On the next page, provide your Social Security number and other information correctly.
  • Follow the instructions on the final page to complete your account opening process.
  • Once the account opening process is complete, wait for bank approval.
  • After approval, you can immediately start your banking activities.

Chase Bank Account Opening in Branch

Now, let’s learn how to open a Chase Student Bank Account at a branch.

To open a Chase Student Bank Account at a branch, take your Social Security Card or Taxpayer Identification Number, and two copies of any form of photo ID, such as a driver’s license or passport (original copies included), along with a certified copy and student ID card to prove your student status.

Take these documents to your nearest Chase bank branch. There, inquire at the help corner about where the account opening process takes place and open your account with the account processing staff.

Chase New Account Offers

Chase Bank not only offers special benefits for students but also provides additional benefits for new student accounts.

  • If you make at least ten good-quality transactions within 60 days of opening the account, Chase Bank will give you a $100 bonus.
  • Transactions include debit card purchases, online bill payments, and quick pay through Zelle.

Chase College Checking Account Transaction Limit

To manage the activities of the Chase College Checking Account or Student Bank Account, you need to know the transaction limits. Here are the transaction limits for the Chase College Checking Account:

  • Debit Card Purchases: $3,000 per day.

ATM Withdrawals:

  • Chase In-Branch ATM: $3,000 per day.
  • Other Chase ATMs: $1,000 per day.
  • Non-Chase ATMs: $500 per day.

Chase Bank Student Account Maintenance Fees

Although Chase Bank waives the account maintenance fee for student accounts, there are some hidden fees and transaction fees. Below is a summary:

Account Maintenance Fees

  • Monthly Fee: $6
  • Waived for up to 5 years while in college.
  • Other Waivers: Maintain a $5,000 balance or receive at least one direct deposit per month.

ATM Fees

  • Chase ATMs: Free
  • Non-Chase ATMs in the US: $2.50 per transaction
  • Non-Chase ATMs Internationally: $5 per transaction plus a foreign exchange rate adjustment fee
  • Additional Fees: These may be charged by the ATM owner or network.

Foreign Exchange Rate Adjustment Fee

  • Fee: 3% for payments or withdrawals in non-USD currencies.

Overdraft Fees

  • Fee: $34 per item, up to 3 items ($102) per day.
  • Option: Link a Chase Savings Account to cover overdrafts.

Domestic Payments Fee

  • Free: Send money within the US using QuickPay by Zelle.

Wire Transfers Fee

  • Send Online: $25 fee
  • Send with Staff Help: $35 fee
  • Receive: $15 fee (waived if the payment is from another Chase account).

International Payments

  • Sending USD: $40 online, $50 with staff help.

Sending Foreign Currency

  • Online: $5 (waived for payments over $5,000)
  • In Branch: $50
  • Exchange Rate Markup: Additional costs may apply.
  • Receiving: $15 fee (waived if the payment is from another Chase account).

FAQs

Follow the FAQs section to learn more or answer for some specific questions about Chase Student Bank Account.

How old do I need to be to open a Chase Student Bank Account?

If you are between 17 and 24 years old, you can open a Chase College Checking Account or Chase Student Bank Account. If you are between 13 and 17 years old, you can open a Chase High School Checking Account.

Can I open two student accounts with Chase Bank at the same time?

You cannot open two student accounts with the same bank simultaneously. You need to choose different banks for that.

What happens to the student bank account after I turn 24?

If you turn 24, you can convert your student bank account to a regular savings account.

Final Words

We have tried to provide all the correct information about the Chase Student Bank Account and present it concisely.

We hope that by following today’s discussion and the instructions provided, you can easily open your student account online or at a branch.

After opening a student account, the bank will provide you with a debit card. Collect this card from them after opening the account. Thank you.

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