Chase Premier Plus Checking℠ has a $25 monthly service fee, but the account is competitive if you qualify to waive this payment. You’ll waive up to four out-of-network ATM fees each month, and there are no charges for Chase design checks, money orders, or cashier’s checks.
Annual Percentage Yield (APY)
0.01% effective as of 09/1/2021. Interest rates are variable and subject to change
Is Chase trustworthy?
JPMorgan Chase & Co. is Chase’s parent company. The Better Business Bureau gives JPMorgan Chase & Co. an A+ in trustworthiness. A good BBB rating signifies a company responds effectively to customer complaints, has honest advertising practices, and is transparent in how it handles business.
Although its BBB rating is pretty good, JPMorgan Chase & Co. has dealt with a few scandals in the past few years. Here are some recent conflicts:
If Chase’s history worries you, you may decide to bank elsewhere. But keep in mind that similar banks, such as Wells Fargo and Bank of America, have their own history of public controversies.
How Chase Premier Plus Checking compares
You may decide to open a different checking account with Chase. But if you like the features that come with Chase Premier Plus, we’ve compared it to accounts at other banks that offer similar perks.
Your decision between Chase, Bank of America, and Wells Fargo could come down to whether you’re eligible to waive the $25 monthly service fee in each account. It’s possible with all three, but Bank of America makes it the easiest by requiring the least amount of money in all of your accounts to waive the charge.
Bank of America Advantage Relationship waives the overdraft protection fee. Chase Premier Plus and Portfolio by Wells Fargo won’t charge for cashier’s checks, money orders, or incoming wire transfers. Additionally, Chase doesn’t charge for outgoing wire transfers, while Wells Fargo charges $30.