Banking » Reviews » Chase Premier Plus Checking Review (2023)
Advertiser Disclosure This website is an independent, advertising-supported comparison service. The product offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval. This allows us to maintain a full-time, editorial staff and work with finance experts you know and trust. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impacts any of the editorial content on The Smart Investor. While we work hard to provide accurate and up to date information that we think you will find relevant, The Smart Investor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. Learn more about how we review products and read our advertiser disclosure for how we make money. All products are presented without warranty.

Chase Premier Plus Checking Review (2023)

The Chase Premier Plus Checking provides a range of benefits for customers who maintain a higher balance and have more complex banking needs.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor, which helps consumers make better financial decisions.  Silvermann’s areas of expertise include investing, banking, and credit cards. 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. Aside from being a finance expert, his background includes working as a business and financial analyst. Above all, he is passionate about teaching people how to manage their money and helping millions on their journey to a better financial future.
Interest Rates Last Update: September 20, 2023
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, which helps consumers make better financial decisions.  Silvermann’s areas of expertise include investing, banking, and credit cards. 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. Aside from being a finance expert, his background includes working as a business and financial analyst. Above all, he is passionate about teaching people how to manage their money and helping millions on their journey to a better financial future.
Interest Rates Last Update: November 1, 2023

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 Premier Plus Checking℠

Fees

$25 Can be waived if you maintain an average daily balance of $15,000 plus in this and other linked accounts, having a linked qualifying Chase mortgage with automatic payments or if you’re a current U.S Armed Forces service member or veteran

Minimum Deposit

$0

Our Rating

4.1
4.1/5

APY Checking

0.01%

Chase Premier Plus Checking℠

Fees

$25 Can be waived if you maintain an average daily balance of $15,000 plus in this and other linked accounts, having a linked qualifying Chase mortgage with automatic payments or if you’re a current U.S Armed Forces service member or veteran

Minimum Deposit

$0

Our Rating

4.1
4.1/5

APY Checking

0.01%

Chase is one of the largest banks in the U.S, so it should not be surprising that this bank offers a variety of checking accounts. However, one offering you may have overlooked is the Chase Premier Plus Checking account.

The Chase Premier Plus Checking is designed to be more than a basic checking account offering mobile banking and online bill payments. This account is interest bearing and can help you to save money on a variety of banking fees including ATM fees.

Chase Premier Plus: Account Features

The Chase Premier Plus Checking is designed for customers who maintain higher balances and want access to more features and benefits than a standard checking account.

Some of the features of Chase Premier Plus Checking include:

As with many of the Chase accounts, the Premier Plus Checking does have a monthly fee. However, since this is a premium account, the fee is one of the highest for a Chase checking account at $25.

There are several ways to have this fee waived, including having an average daily balance of $15,000 plus in this and other linked accounts, having a linked qualifying Chase mortgage with automatic payments or if you’re a current U.S Armed Forces service member or veteran.

Account
Monthly Fee
Average Day Balance To Waive
Chase Total Checking
$12
$1,500
Chase Premier Plus Checking
$25
$15,000
Chase Sapphire Checking
$25
$75,000
Chase College Checking
$6
$5,000
Chase Private Client Checking
$30
$150,000
Chase Business Complete Banking
$15
$2,000
Chase Performance Business Checking
$30
$35,000
Chase Platinum Business Checking
$95
$100,000

While the current rate of 0.01% APY is not likely to earn you a fortune, it is nice to earn something on the balance in your checking account. This is the only account who are eligible to earn interest, in addition to the Chase Private Client.

One of the perks of this account is that there are reduced or waived fees for a number of banking services. 

This includes no fees for Chase design checks when you order through Chase, no fee for money orders, counter checks or cashier’s checks.

In addition to being able to use the Chase ATM network with no surcharges, if you do use a non Chase ATM, there is no Chase fee on the first four times per statement period.

So, if you do slip up and use a non network machine or you’re in an area where there is no Chase network machine, you won’t get hit with a hefty fee.

Chase Premier Plus Checking qualifies for Overdraft Assist. This feature ensures that there is no overdraft fee if you’re overdrawn by $50 or less at the end of the day.

Additionally, there is no overdraft fee if your balance is more than $50 overdrawn, but you bring the balance below -$50 or less by the end of the following business day.

As a Premier Plus Checking customer, you can save on Chase monthly service fees on up to two Premier Plus Checking accounts and a personal Chase savings account.

Is the Chase Premier Plus Checking Account Good?

There is no straightforward answer to this question, as whether the account is a good option for you will depend on your preferences and circumstances.

However, we can highlight both the pros and cons to help you to make an informed decision.

Pros
Cons
No Minimum Deposit Requirements
Challenging Service Fee Waiver Criteria
Potential to Save on Banking Fees
High Overdraft Fees
Access to a Large Branch Network
Low APY
Access to a Highly Rated App

This is a standard feature on most Chase checking accounts, but it is unusual when compared to other banks.

The zero minimum deposit requirement makes it easy to open an account and get it up and running without worrying about funding until it is all set up and you’re ready to use it.

We’ve already touched on the fees that are waived for Premier Plus account holders, but it is important to note the potential for savings if you regularly use cashier’s checks, money orders and counter checks.

The standard fee for these services is $5 to $10 each, which could mean a significant saving for some customers.

Chase has more than 4,700 physical locations in its branch network, which makes it easy to access in person support.

The bank also has an ATM network with 15,000 machines including DepositFriendly ATMs, so you may not even need to visit a teller if you need to make a deposit.

If you prefer to manage your account on the go, you should find the Chase app appealing.

Chase’s app is highly rated, providing an intuitive interface, which allows you to manage almost every aspect of your day to day banking directly from your device.

It is possible to have the $25 monthly service fee waived, but the criteria is more challenging compared to the other Chase “Everyday” checking accounts, such as the Chase Total Checking.

This includes having a large balance across your Chase accounts, which may present a barrier for many potential customers.

Although there is Overdraft Assist, if you slip into the red and cannot bring your account back to under $50 within one business day, you’ll get hit with a hefty overdraft fee. 

The  Chase overdraft fee is $34 each and it can be applied up to three times a day.

The Premier Plus Checking account is interest bearing, but it does attract a very low 0.01% APY. It is nice to earn anything on your checking balance, but 0.01% is negligible.

 There are a number of checking accounts with online banks that offer a far higher interest rate on bank account balances.

Chase Premier Plus Checking review
(Photo by Brenda Rocha - Blossom/Shutterstock)

Is Chase a Good Bank to Work With?

As is all too common with traditional banks, Chase bank has pros and cons. In fact, Chase currently has a poor rating on Trustpilot, with negative comments about its customer service and account issues. However, the Chase app has an excellent rating on both the Apple Store and Google Play.

This suggests that Chase could be a good bank to work with day to day and the customer service issues may vary greatly from branch to branch. Chase also does offer 24/7 phone support, which means that you may be able to avoid using branches altogether.

Chase doesn’t offer the greatest rates, but it does offer a comprehensive product line with perks for linking your various accounts. If you’re interested in moving all of your financial activity under one roof, you are highly likely to find all the bases covered with Chase, some of which are included in our best bank accounts for 2023.

But, if your priority is to access the highest possible rates and you’re not overly concerned with accessing in person support, you may prefer to look at online alternatives.

How to Open a Chase Premier Plus Checking Account

You can pop into a local branch to open a Premier Plus Checking account, but Chase also makes it very easy to open an account online. The entire process can be done in a few simple steps.

  1. Navigate to the Premier Plus Checking Page: On the Chase Official website, you will find the Premier Plus Checking product page under the “Checking” link on the top bar and then selecting “Premier Plus.” This will direct you to a product page containing an overview of the account features and when you’re ready to proceed, click the “Open Now” button.
  2. Complete the Preliminary Questions: If you’re not already a Chase customer, you will need to provide answers to the mandatory preliminary questions including your full name, address, date of birth and Social Security Number.
  3. Confirm Your Citizenship Status: The next page requires you to confirm your citizenship status. The default is set to the U.S with a yes or no option, but if you click no, there is a drop down field to specify another country.
  4. Complete the Application: This is quite a standard form, which should come as no surprise to those who have opened an online account with another bank or financial institution. You will need to complete all of the mandatory fields and it is worth double checking your answers for errors before you click submit.
  5. Await Chase Approval: once you submit your application, Chase will process it and you can expect an email to confirm if the account has been opened or if Chase requires further information.

FAQs

Yes, Chase Premier Plus Checking is interest bearing. The current APY is 0.01%.

Chase does periodically offer promotions for new accounts and customers, but at this time, there is no available promotion for the Premier Plus Checking account.

The easiest way to close a Chase Premier Plus Checking account is to visit your local branch or call the customer support line. A Chase representative can process your closure request and guide you through the closure procedure.

Checking Accounts Reviews

Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor, which helps consumers make better financial decisions.  Silvermann's areas of expertise include investing, banking, and credit cards. 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. Aside from being a finance expert, his background includes working as a business and financial analyst. Above all, he is passionate about teaching people how to manage their money and helping millions on their journey to a better financial future.