Is Chase Private Client Worth It?
If you’ve heard of the Chase Private Client program, you likely already know it was designed to provide investors with extra benefits. Program benefits include financial advice, reduced fees, access to priority services, and more.
Is the Chase Private Client worth it for you? Read on to find out.
Top Benefits of the Chase Private Client Program
- Access to a team of financial experts
- Access to financial planning services
- Exclusive access to social events, activities, and seminars
- No fees on international ATM transactions
- No fees on international debit card usage
- No wire transfer fees
- Significantly higher limits on withdrawals and spending
- Priority service at Chase banks
- Reduced rates on loans
- Enhanced features for online and mobile banking
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Chase Private Client Program Benefits Explained
If the list of Chase Private Client advantages sounds good to you, here are some additional details
for each.
Professional Guidance
Chase Private Client members have access to professional guidance 24/7. No matter what you need help with, finding a qualified person is just a phone call or branch visit away.
Chase Private Client members have access to a Private Client Banker, a Home Lending Advisor, a Business Relationship Manager, and a J.P. Morgan Private Client Advisor (investing).
Each available professional provides a separate set of valuable services designed to help take the
guesswork out of important financial decisions. The Private Client Banker helps with day-to-day
banking operations and can manage customer accounts. The Home Lending Advisor provides solutions,
analysis, and advice for home lending. The Business Relationship Manager helps manage business
finances on an active basis. Personalized investment portfolios and strategies tailored to the client’s
financial goals and risk tolerance are also accessible.
Special Events for Program Members
To add a personal touch to its service package, Chase gives its Chase Private Client members access to a variety of unique events and experiences. These special events are invite-only and include family-oriented activities, sporting events, shows, and educational talks on various topics given by industry experts.
Lower Fees and Rates
Offering lower fees is one of the program’s highlights, and they come in various formats.
When it comes to loans, both home and auto loans come in at reduced rates for Chase Private Client
members. For auto loans, program members enjoy a 0.25% APY discount
on the regular rate. For home loans, the standard rate is reduced by 0.5%.
Card transactions and banking service fees are also reduced. Chase doesn’t charge its Private Client members for ATM fees in the U.S. or abroad. In addition, international foreign exchange rate adjustment fees are waived for program members.
Among the complimentary banking services are no wire transfer fees, no overdraft fees (for the first four), and expedited card replacement.
Higher limits
Higher spending and withdrawal limits are another valuable feature of the program. Deposit limits are as high as $100,000 per day and $250,000 per month. Chase also raises the Quick Deposit limits to $25,000 per day and $100,000 monthly. ATM withdrawals and purchase limits are also set at $3,000 and $7,500, respectively.
Chase Private Client Program Eligibility
To be eligible for the Chase Private Client program, you must have a minimum of $250,000 in qualifying deposits and investments with J.P. Morgan. The qualifying amount can include balances from all your Chase accounts.
Depending on your personal situation, the Chase Private Client onboarding team can waive the minimum balance requirement if they think it is appropriate, but in most cases, they will not.
Another form of eligibility is to be a close relative (immediate family) of a Chase Private Client member. That means if your children, parents, or legal partner is a member, you can gain access to the program, even if you don’t meet the account balance minimums.
Applying for Chase Private Client Program Access
There are a couple of different methods to apply for the Chase Private Client program: you can go into a physical branch or call the Chase Private Client desk.
If you want to apply in person, be aware that Chase Private Client locations are limited. You must reside in a state where the program is offered.
Chase Private Client Program Fees
The Chase Private Client program has a $35 monthly service fee, which can be waived if you maintain a minimum balance of $250,000 or have a Chase mortgage with automatic payments.
Find a Financial Advisor
If you are looking for a professional financial advisor in your area, you can
find top Financial Advisors on the Wiser Advisor website.
Visit Wiser Advisor
Chase Private Client Pros
- Access to a team of financial experts
- Reduced fees and rates on loans
- Higher limits on withdrawals and spending
- Priority service at Chase banks
- Enhanced online and mobile banking features
Chase Private Client Cons
- $35 monthly service fee if minimum balance is not maintained
- Limited availability in select states
Chase Private Client Benefits Summary
The Chase Private Client program is an excellent option for those who meet the eligibility requirements and seek personalized financial advice, reduced fees, and priority service at Chase banks. The program is best for those interested in the services offered and who believe in Chase’s (J.P. Morgan’s) approach to wealth management.
Updated on 1/1/2025.
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