Banking » Reviews » Chase College Checking Review 2024
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Chase College Checking Review 2024

The Chase College Checking℠ account is designed specifically for students and comes with a range of features and benefits.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: April 15, 2024
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: April 15, 2024

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

Chase College Checking℠

Fees

$0 or $12 $0 with ONE of the following each monthly statement period: Up to five years while in college OR An electronic deposit made into this account, such as a payment from payroll providers or government benefit providers, by using (i) the ACH network, (ii) the Real Time Payment network, or (iii) third party services that facilitate payments to your debit card using the Visa® or Mastercard® network OR Have an average ending day balance of $1,500 or more in this account

Minimum Deposit

$0

Promotion

$100 To get it, customers need to complete 10 qualifying transactions within 60 days of coupon enrollment needed. Expired on 7/24/2024

Our Rating

4.1
4.1/5

Chase College Checking℠

Fees

$0 or $12 $0 with ONE of the following each monthly statement period: Up to five years while in college OR An electronic deposit made into this account, such as a payment from payroll providers or government benefit providers, by using (i) the ACH network, (ii) the Real Time Payment network, or (iii) third party services that facilitate payments to your debit card using the Visa® or Mastercard® network OR Have an average ending day balance of $1,500 or more in this account

Minimum Deposit

$0

Promotion

$100 To get it, customers need to complete 10 qualifying transactions within 60 days of coupon enrollment needed. Expired on 7/24/2024

Our Rating

4.1
4.1/5

Chase is the largest bank in America, so it is unsurprising that this bank has a comprehensive product line offering accounts for all stages of your life. A great example of this is the Chase College Checking account.

As a college student, managing your finances is an important aspect of your overall wellbeing. A good checking account can help you keep your money organized and make everyday transactions like paying for groceries or withdrawing cash more convenient.

As the name suggests, this account has been specifically designed for students, offering features and benefits that are tailored for the under 24s for up to five years while in college.

Chase College Checking℠: Account Features

The Chase College Checking℠ account is designed specifically for students and comes with a range of features that can help you manage your finances more effectively.

The Chase College Checking account has a $12 monthly maintenance fee, but this is waived if you are enrolled in college (up to five years) for students 17-24 years old..

As we touched on above, Chase is one of the biggest banks in the U.S. It has more than 4,700 branch locations, which makes it easy to find a local branch and access in person support should you have a query or issue.

Chase also has an ATM network with over 15,000 machines, so you can withdraw or deposit funds for free.

Cash a check on Chase bank ATMs
It's possible to cash a check on Chase bank ATMs. (Photo by Michael Vi/Shutterstock)

In addition to the branch teams, Chase has a 24/7 phone support line. This means that should you run into an issue outside of the regular business hours, you can immediately get some help.

The Chase mobile app features QuickDeposit, which allows you to deposit checks using your device. This is a free service and you can avoid the hassle of visiting a branch or ATM.

Chase QuickDeposit check
Chase QuickDeposit (Screenshot taken by our team from Chase app)

You can pay your bills through your Chase College Checking account, making it easier to stay on top of your financial obligations and minimize the risk of late fees.

This is a Zelle integrated free service on the Chase app or online banking platform. Whether you’re out with friends and want to split the bill or need to receive some money from your parents, Zelle makes it easy to quickly send and receive money using only an email address or phone number.

Chase bill pay and Zelle payments
(Screenshot from Chase app)

Similar to Chase Secure Banking, this account also includes tailored content to help students to understand the financial basics. There are also savings tools that allow you to set and track savings goals to help you to reach your target.

Is the Chase College Checking Account Good?

 There is no easy answer to this question, as whether you consider this account to be good will depend on your unique circumstances and needs.

However, as with any financial product, there are both pros and cons associated with the Chase College Checking account, which may help you to decide if it could be a good choice for you.

Pros
Cons
No Minimum Deposit Requirements
May Not Be On All College Campuses
Promotion
Out of Network ATM Fees
Overdraft Protection
Not Interest Bearing
Highly Rated App
Other Fees Apply

Unlike many checking accounts, there is no minimum initial deposit or minimum balance requirements to maintain your account.

Chase typically offers new customers a welcome bonus if they complete the required qualifying transactions within a set time after account opening. 

The current offer is a $100 bonus with complete 10 qualifying transactions within 60 days of coupon enrollment .

You can sign up for overdraft protection and the coverage extends to debit card transactions.

Chase will waive the overdraft fees if you make a deposit to bring your account back into the black by the end of the day or by 10pm/11pm if you deposit funds by Zelle or an ATM respectively.

Chase overdraft protection
Chase overdraft protection example (Screenshot from Chase app)

The Chase app is highly rated and offers an intuitive way to manage practically all aspects of your account at home or on the go.

While Chase does have a substantial branch network, it may not have a presence on all college campuses.

Although Chase does have a large network, if you don’t have a Chase ATM nearby, you will incur out of network fees.

The current fee is $3 per transaction and unlike some of the other checking accounts offered by Chase, you will not receive reimbursement for any out of network fees you incur.

Unlike some Chase checking accounts, you’ll not receive interest on your College Checking account regardless of your balance.

Although it is quite simple to have Chase monthly maintenance fee waived, you may incur other fees, some of which are a little on the high side. For example, the insufficient funds fee is currently $34.

When Chase College Checking May Be Relevant?

As its name suggests, the Chase College Checking account is best suited to college students. As a college student, you can have the monthly maintenance fees waived for up to five years. This account should appeal to students who want access to a large branch and ATM network, particularly if Chase has a presence on your college campus.

This account is also best suited to those who have a tendency to lose track and slip into the red. If you can bring your account balance back up to at least zero within the same business day, you won’t incur an overdraft fee.

However, there are also associated tools offered with this account that can help you to get to grips with your finances for a healthier financial future.

Chase credit journey
Chase credit journey (Screenshot from Chase app)

Is Chase a Good Bank to Work With?

As is typical for traditional banks, Chase doesn’t have a great reputation on the consumer review platforms including Trustpilot. There are a number of negative comments and reviews that relate to the customer support and fees.

However, the Chase app has a good rating on both the Apple Store and Google Play. So, you are likely to find that Chase is an average bank to work with and as it also offers 24/7 support, it may actually be a good option for you.

Additionally, although Chase doesn’t offer the highest deposit rates on the market, it does carry an impressive product line. There are different options in different account types including savings, CDs, checking and lending products. The leading checking product is Chase Total Checking, one of the most popular accounts in the nation.

This makes Chase a good option if you want to keep all of your finances under one roof. But, if you’re looking for the highest deposit rates and most favorable checking account terms, you may need to compromise on access to branch support and consider online banks.

Chase compare checking accounts on app
Chase compare checking accounts on app (Screenshot from Chase app)

How to Open a Chase College Checking Account

You can call into a local Chase branch to open an account, but Chase also makes it easy to open a College Checking account online in a few basic steps.

  1. Navigate to the College Checking Product Page: On the official Chase website, you will need to navigate to College Checking. You can find this page by clicking “Checking” on the top bar and then selecting “College Checking.” You can read through all of the details for this account and if you’re ready to start the account opening process, click on the green “Open Now” button.
  2. Complete the Form: If you don’t already have any Chase accounts, you will need to complete the mandatory fields including your full name, address, date of birth and Social Security Number.
  3. Fill in the Full Application: You’ll then be directed to the full application form. Be sure to complete all of the mandatory fields and then click “Submit.” Chase will process the application and then send you a confirmation email.
Top Offers From Our Partners

Chase_logo

Promotion:
$300 New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account and make direct deposits totaling $500 or more within 90 days of coupon enrollment.. Expired on 7/24/2024
Chase Overdraft Assist
With Chase Overdraft AssistSM, you won’t be charged an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day

UpgradeLogo

Fees:
No monthly fees No monthly fees and no overdraft fees. Plus get reimbursed for ATM fees with an active account 
Rewards:
Up to 2% cash back Up to 2% cash back on common everyday expenses for active accounts with monthly $1,000 direct deposit, and up to 1% cash back for other purchases 
Promotion:
$300 Use Promo Code “AXOS300” for a $300 bonus when you apply for a Rewards Checking account
Up to 3.30% APY
to get the maximum rate (up to $50,000) you'll need monthly direct deposits of $1,500 (0.40% APY), 10 transaction on your debit card (+0.30% APY), average daily balance of $2,500 on Axos Invest Managed Portfolio (+1.00% APY), average daily balance of $2,500 on Axos Invest Self Directed Trading Account(+1.00% APY) and make full monthly payment on loans (mortgage, personal and auto) with Axos account (+0.60% APY).

PNC bank logo

Promotion:
Up to $400 Open a new, select Virtual Wallet product and receive $500/$2,000/$5,000 or more in qualifying monthly direct deposits within 60 days to earn a $100/$200/$400 bonus.
Subject to state availability
PNC Virtual Wallet ® is available in AL, AZ, CA, CO, DC, DE, FL, GA, IL, IN, KY, MD, MI, NC, NJ, NY, NM, OH, PA, SC, TX, VA, WI, and WV. Virtual Wallet ® is offered in the state of MO with the exception of the Greater Kansas City area. Product availability may vary based on where you open your account and the Zip code of your primary address.

Promotion:
Up to $4,000 New customers may earn up to $4,000 when they open an eligible HSBC Premier checking account from January 8, 2024 through March 27, 2024 and complete qualifying activities:

• Receive a cash bonus of $1,500 when you deposit or invest $100,000 – $199,999.99

• Receive a cash bonus of $2,000 when you deposit or invest $200,000 – $299,999.99

• Receive a cash bonus of $2,500 when you deposit or invest $300,000 – 499,999.99

• Receive a cash bonus of $3,500 when you deposit or invest $500,000+

• Earn an extra $500 when you set up recurring monthly Direct Deposits totaling at least $5,000 for 3 months
Wealth Products & Advice
Get access to wealth products, insights and advice from an HSBC Financial Professional through HSBC Securities (USA) Inc
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

Chase_logo

Promotion:
$300 New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account and make direct deposits totaling $500 or more within 90 days of coupon enrollment.. Expired on 7/24/2024
Chase Overdraft Assist
With Chase Overdraft AssistSM, you won’t be charged an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day

UpgradeLogo

Fees:
No monthly fees No monthly fees and no overdraft fees. Plus get reimbursed for ATM fees with an active account 
Rewards:
Up to 2% cash back Up to 2% cash back on common everyday expenses for active accounts with monthly $1,000 direct deposit, and up to 1% cash back for other purchases 
Promotion:
$300 Use Promo Code “AXOS300” for a $300 bonus when you apply for a Rewards Checking account
Up to 3.30% APY
to get the maximum rate (up to $50,000) you'll need monthly direct deposits of $1,500 (0.40% APY), 10 transaction on your debit card (+0.30% APY), average daily balance of $2,500 on Axos Invest Managed Portfolio (+1.00% APY), average daily balance of $2,500 on Axos Invest Self Directed Trading Account(+1.00% APY) and make full monthly payment on loans (mortgage, personal and auto) with Axos account (+0.60% APY).

PNC bank logo

Promotion:
Up to $400 Open a new, select Virtual Wallet product and receive $500/$2,000/$5,000 or more in qualifying monthly direct deposits within 60 days to earn a $100/$200/$400 bonus.
Subject to state availability
PNC Virtual Wallet ® is available in AL, AZ, CA, CO, DC, DE, FL, GA, IL, IN, KY, MD, MI, NC, NJ, NY, NM, OH, PA, SC, TX, VA, WI, and WV. Virtual Wallet ® is offered in the state of MO with the exception of the Greater Kansas City area. Product availability may vary based on where you open your account and the Zip code of your primary address.

Promotion:
Up to $4,000 New customers may earn up to $4,000 when they open an eligible HSBC Premier checking account from January 8, 2024 through March 27, 2024 and complete qualifying activities:

• Receive a cash bonus of $1,500 when you deposit or invest $100,000 – $199,999.99

• Receive a cash bonus of $2,000 when you deposit or invest $200,000 – $299,999.99

• Receive a cash bonus of $2,500 when you deposit or invest $300,000 – 499,999.99

• Receive a cash bonus of $3,500 when you deposit or invest $500,000+

• Earn an extra $500 when you set up recurring monthly Direct Deposits totaling at least $5,000 for 3 months
Wealth Products & Advice
Get access to wealth products, insights and advice from an HSBC Financial Professional through HSBC Securities (USA) Inc
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

FAQs

Unfortunately, the Chase College Checking account is not interest bearing, so you won’t earn anything regardless of your balance.

Chase frequently offers promotions for new customers interested in the College Checking account. The current offer is a $100 bonus if you have 10 qualifying transactions within the first 60 days of opening an account.

The easiest way to close your Chase College Checking account is to visit a Chase branch or call the customer support line. A Chase representative can walk you through the closure process.

How We Review Checking Accounts: Our Methodology

The Smart Investor team has conducted a comprehensive review of checking accounts offered by various banks, taking into account several key factors to provide a thorough evaluation. Here's how we rated them across four important categories:

  • Checking Account Features (60%): We meticulously assessed the features and benefits associated with each bank's checking accounts. Factors considered include account fees, minimum balance requirements, ATM access, overdraft protection, online and mobile banking functionalities, and additional perks such as rewards programs. Higher ratings were awarded to banks offering a wide range of features and benefits that cater to diverse customer needs, ensuring convenience and flexibility in managing finances.

  • Customer Experience (20%): A positive customer experience is essential in banking, so we evaluated each bank's performance in this area. This included assessing the ease of account opening, quality of customer service, availability of support channels, and overall user satisfaction. Ratings were based on factors such as responsiveness, efficiency, and the bank's commitment to meeting customer needs, ensuring a seamless and satisfactory banking experience.

  • Diversity of Other Financial Products (10%): We also considered the diversity of other financial products offered by each bank, such as savings accounts, loans, credit cards, and investment options. Higher ratings were given to banks with a comprehensive suite of financial products, allowing customers to meet their various banking and financial needs in one place.

  • Bank Reputation (10%): The reputation of a bank is a crucial factor in decision-making. We examined factors such as financial stability, regulatory compliance, and public perception to determine each institution's overall trustworthiness and reliability. Higher ratings were assigned to banks with strong reputations, reflecting their credibility and ability to inspire confidence among customers.

By considering these categories and assigning appropriate weights to each, our review aims to provide valuable insights to help individuals make informed decisions when selecting a checking account

Checking Accounts Reviews

Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Search
Best Checking Accounts
Top Offers From Our Partners

Chase_logo

Promotion:
$300 New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account and make direct deposits totaling $500 or more within 90 days of coupon enrollment.. Expired on 7/24/2024
Chase Overdraft Assist
With Chase Overdraft AssistSM, you won’t be charged an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day

UpgradeLogo

Fees:
No monthly fees No monthly fees and no overdraft fees. Plus get reimbursed for ATM fees with an active account 
Rewards:
Up to 2% cash back Up to 2% cash back on common everyday expenses for active accounts with monthly $1,000 direct deposit, and up to 1% cash back for other purchases 
Promotion:
$300 Use Promo Code “AXOS300” for a $300 bonus when you apply for a Rewards Checking account
Up to 3.30% APY
to get the maximum rate (up to $50,000) you’ll need monthly direct deposits of $1,500 (0.40% APY), 10 transaction on your debit card (+0.30% APY), average daily balance of $2,500 on Axos Invest Managed Portfolio (+1.00% APY), average daily balance of $2,500 on Axos Invest Self Directed Trading Account(+1.00% APY) and make full monthly payment on loans (mortgage, personal and auto) with Axos account (+0.60% APY).

PNC bank logo

Promotion:
Up to $400 Open a new, select Virtual Wallet product and receive $500/$2,000/$5,000 or more in qualifying monthly direct deposits within 60 days to earn a $100/$200/$400 bonus.
Subject to state availability
PNC Virtual Wallet ® is available in AL, AZ, CA, CO, DC, DE, FL, GA, IL, IN, KY, MD, MI, NC, NJ, NY, NM, OH, PA, SC, TX, VA, WI, and WV. Virtual Wallet ® is offered in the state of MO with the exception of the Greater Kansas City area. Product availability may vary based on where you open your account and the Zip code of your primary address.

Promotion:
Up to $4,000 New customers may earn up to $4,000 when they open an eligible HSBC Premier checking account from January 8, 2024 through March 27, 2024 and complete qualifying activities:

• Receive a cash bonus of $1,500 when you deposit or invest $100,000 – $199,999.99

• Receive a cash bonus of $2,000 when you deposit or invest $200,000 – $299,999.99

• Receive a cash bonus of $2,500 when you deposit or invest $300,000 – 499,999.99

• Receive a cash bonus of $3,500 when you deposit or invest $500,000+

• Earn an extra $500 when you set up recurring monthly Direct Deposits totaling at least $5,000 for 3 months
Wealth Products & Advice
Get access to wealth products, insights and advice from an HSBC Financial Professional through HSBC Securities (USA) Inc
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

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Savings Rate: 5.21% APY
Minimum Deposit:
$0
 
CIT-Bank-Logo
Savings Rate: 4.45% APY
Minimum Deposit:
$5,000
Quontic bank logo
Savings Rate: 4.50% APY
Minimum Deposit:
$100
 
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

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