JPMorgan Chase is the largest bank in the United States and is the third-largest bank in the world. With a bank of that size, you would expect some exclusive benefits for its top clients, and Chase doesn’t disappoint.
Chase Private Client offers more robust clients with a combination of concierge banking, expert investment options from J.P. Morgan, significantly reduced fees, and other benefits.
Many banks offer concierge services, but the Chase Private Client program offers those same services and more, plus can give you the power of J.P. Morgan’s investment expertise. To be sure, not everyone will qualify for these upgraded services, but the rewards for those that do are great.
Qualifications for Chase Private Client
To qualify for Chase Private Client, you’ll need to meet a straightforward requirement: maintain an average daily balance of $150,000 in eligible Chase accounts. This balance doesn’t have to sit in a single account—it can come from a combination of checking, savings, and investment accounts, as long as the total meets the threshold.
Family accounts or jointly held accounts can also count toward this balance, making it easier for households to qualify together. Business accounts, however, typically don’t apply unless they are structured as eligible personal accounts.
If you’re close to meeting the requirement, consolidating assets can be a smart move. For example, transferring funds from other banks or rolling over retirement accounts to Chase could help you reach the qualifying balance. In some cases, Chase representatives may offer temporary exceptions to the balance requirement, especially for new clients with plans to grow their relationship with the bank.
If you’re interested in joining, scheduling a meeting with a Chase account specialist can provide more details and personalized options for meeting the criteria.
Chase Private Client Banking Benefits
Fees seem to be a fact of life with banking. Overdraft fees, out-of-network ATM fees, and minimum balance requirements all add up over time.
With a Chase Private Client account, these fees don’t have to be a fact of life. In fact, this is what they offer:
- No monthly service fee when you link a Chase Private Client checking account to a CPC savings account.
- No fees for domestic and international wire transfers
- No ATM fees worldwide when using a non-Chase ATM (including international debit card purchases or ATM withdrawals). They also refund the fees charged by other banks to use their ATMs, up to five per month.
- No stop payment fees or bounced check fees.
- No fees for counter checks, money orders, or cashier’s checks.
- No exchange rate adjustment fees for debit card usage
- No insufficient funds fees
- No card replacement fees
- No foreign transaction fees
- No fee for 3 × 5 safe deposit box. Plus, you get a 20% discount for larger boxes.
You also get a daily ATM withdrawal limit of up to $2,000 when using your debit card. And your daily purchase limit is increased to $7,500.
Chase Private Client Credit Card Benefits
Chase Private Client enhances your credit card experience with unique perks. While bypassing the 5/24 rule is no longer standard, Private Client members often enjoy higher in-branch sign-up bonuses on cards like the Chase Sapphire Preferred® and Chase Sapphire Reserve®, which are ideal for travelers and rewards seekers.
For example, the Sapphire Reserve pairs well with Private Client benefits, offering premium perks like airport lounge access, travel credits, and trip protections. Additionally, expedited card replacement ensures you can quickly receive a new card, even internationally, when needed. These exclusive benefits make Chase Private Client a valuable option for maximizing your credit card rewards.
Chase Private Client Personal Banker
Banking can be a hassle. You park, walk into your local branch, wait in line, and have to explain from scratch all your needs to a teller or account manager you’ll likely never see again. One of the most powerful benefits of being a Chase Private Client is that you’ll have your own private client banker.
You’ll be assigned one to two personal bankers who will take care of all your banking needs. They’ll also provide you with priority service and help connect you with other experts within the bank to help with all of your needs.
Chase Private Client Is Not Available in All Locations
Your bankers can help with mortgages and business banking needs and even get you significant rebates in the process. But not every Chase branch can cater to Chase Private Clients, and in fact, most of them don’t. Currently, they only have offices available in 23 states.
All states are not equally represented. Chicago alone, for example, has five locations, while Idaho only has one. Still, chances are that if you live in a metropolitan area or one with a relatively large population, Chase will have you covered.
Even without a physical branch available, you can still use their private banking service line. These are special phone lines dedicated to Chase Private Clients.
That means you get to talk to real people more quickly without having to wait. In addition, you’ll get priority service whether you need to order more checks, resolve issues with your debit card, or you need help with wire transfers or other transactions.
J.P. Morgan Client Advisor
As a Chase Private Client, you gain access to a J.P. Morgan Private Client Advisor who can provide tailored investment guidance. These advisors specialize in helping you align your financial goals with actionable strategies, whether you’re planning for retirement, saving for your child’s education, or building a diversified portfolio.
For example, your advisor can assist in creating a tax-advantaged retirement strategy by evaluating options like IRAs or 401(k) rollovers, ensuring you maximize growth while minimizing tax liabilities. If you’re focused on building wealth, they can design a diversified portfolio tailored to your risk tolerance and investment timeline, incorporating stocks, bonds, mutual funds, and other assets.
With access to J.P. Morgan’s expertise, your advisor can also help you navigate market shifts, adjust your strategy as your goals evolve, and leverage tools like free online stock and ETF trades through You Invest℠. This personalized guidance ensures that your financial plan stays on track, giving you confidence in your investments.
Business Banking Advisor
Chase Private Client offers enhanced benefits for small business owners, providing access to a dedicated Business Banking Advisor and a team of specialists who can help streamline your operations. Compared to standard Chase business accounts, Private Client offers added perks like waived fees for electronic deposits and reduced balance requirements on Platinum Business Checking accounts, giving entrepreneurs more flexibility and cost savings.
For example, while a typical Chase business account might charge fees for certain deposits or transfers, Chase Private Client eliminates many of these costs. This can be especially valuable for businesses with high transaction volumes or those managing cash flow across multiple accounts. Additionally, advisors can assist with financing options tailored to your business goals, whether you’re expanding operations, purchasing equipment, or improving cash flow.
These benefits not only set Chase apart from other banks but also provide entrepreneurs with a seamless experience by integrating personal and business banking services. With personalized guidance and reduced costs, Chase Private Client ensures that business owners can focus more on growth and less on banking logistics.
Family Member Eligibility for Chase Private Client
One of the great things about Chase Private Client is that you don’t have to keep it all to yourself. You can share it with your family as well. If you share an account or accounts with a member of your family, they are eligible to enroll as well.
So, if your children are 18 or over and share an account with you, they can take advantage of all the benefits without needing a $150,000 balance.
That includes eliminating most fees associated with most checking and savings accounts, banking concierge service all their own, and J.P. Morgan investment services should they need it. This isn’t just a benefit for you; it’s a gift you can give to others.
You’ll be able to share all these privileges with those most important to you. It can save you money as well if you’re helping to support a child during college. They can save on ATM fees and other banking services, which puts more money in your pocket in the long run.
Other Benefits of Chase Private Client
Chase Private Client offers a range of perks that go beyond traditional banking, categorized into financial, lifestyle, and accessibility benefits. Here’s how these extras can enhance your experience:
Financial Benefits
- Loan discounts: Receive $750 off closing costs on mortgages and other loans, including home equity lines of credit.
- Priority loan processing: Benefit from faster approvals and senior underwriting support, helping you secure financing without unnecessary delays.
- Fee waivers: Enjoy no fees on many banking services, such as wire transfers and stop payments, saving you money over time.
Lifestyle Benefits
- Arts & culture program: Gain free admission to top-tier attractions, including museums and zoos across the country. From the Guggenheim in New York to the San Diego Zoo, these perks add unique value to your banking relationship.
Accessibility Benefits
Priority phone service: Skip the wait times with dedicated phone lines exclusively for Chase Private Clients. Whether you need to resolve an issue or manage your accounts, support is just a call away.
Conclusion
Chase Private Client offers a premium banking experience designed to simplify your financial life while providing exclusive perks like fee waivers, personalized service, and access to J.P. Morgan’s expertise. Whether you’re looking to save on banking fees, grow your investments, or enjoy added convenience, the benefits are clear.
If Chase Private Client sounds like a good fit, visit your nearest branch or schedule an appointment online to explore your options. With so many advantages, it’s worth taking the time to see if you qualify.
