Introduction
Chase UK is a digital bank that offers personal current accounts, savings products and app-based banking services. Accounts are managed through the Chase mobile app, with features including budgeting tools, cashback on eligible debit card spending and linked savings accounts. Available features and eligibility requirements may vary depending on the account or product.
Current Account
The standard Chase current account has no monthly account fee and includes essential money management features with cashback on eligible everyday spending. Customers can earn 2% cashback on debit or credit card spending across selected categories, including groceries, restaurants, cafes, takeaways, everyday transport, fuel and electric vehicle charging, up to a maximum of £20 per month.
For new Chase customers, the 2% cashback offer is available from 1 June. New customers can earn 2% cashback in their first month without completing the monthly qualifying actions. To continue earning 2% cashback in the following month, customers must complete the qualifying actions during the current month. For example, customers earning 2% cashback in July must complete the qualifying actions during July to earn 2% cashback in August.
For existing customers currently on the Everyday Cashback offer, the new 2% cashback offer is available from 1 July, subject to the monthly qualification criteria.
To qualify for the ongoing 2% cashback offer, customers must make 15+ debit or credit card payments, or bill payments by direct debit, each month and hold £1,000+ in a Chase savings account. Eligibility applies. Chase current and saver accounts required. Cashback exceptions apply, and the offer is subject to qualification criteria, T&Cs, and important cashback information.
Eligible cashback categories include groceries, restaurants, cafes, takeaways, everyday transport, fuel and electric vehicle charging, subject to the applicable terms and conditions.
Note: All financial service providers have standard T&Cs that apply to their current, saver, and round-up accounts, and Chase UK is no exception. You can check out the details on their website.
*18+, UK residents. Eligibility applies. Chase current and saver accounts required. Exceptions, qualification criteria, and T&Cs apply. See important cashback information via the Chase website Cashback information page.
Additional Current Accounts
Eligible Chase customers can open up to 20 current accounts through the Chase app, including their primary current account. Each account has its own account number and can be used to separate everyday spending, bills or other financial goals while being managed from a single app.
Fees
Chase UK does not charge a monthly fee for its standard current account. Additional charges may apply for certain products or services, so users should check the latest pricing and terms before using chargeable features.
Savings Accounts
To open a Chase savings account, customers must have an eligible Chase current account. Chase offers a range of savings products, including easy-access and fixed-term accounts, with interest rates that vary depending on the selected account and are subject to change.
The Round-up feature allows eligible card purchases to be rounded up to the nearest pound, with the difference transferred into a selected savings account or Round-up account, if enabled.
Holding £1,000 or more in an eligible Chase savings account may be required to qualify for ongoing cashback offers, subject to the applicable eligibility criteria and terms.
Note:
- AER (Annual Equivalent Rate) shows the interest rate over one year, including compound interest.
- Gross is the interest rate before tax is deducted.
- Variable means the interest rate can change over time.
Withdrawals
Chase debit cards can be used to withdraw cash in the UK and abroad. Chase does not charge a fee for cash withdrawals, although ATM operators may apply their own charges.
For international card purchases and cash withdrawals, transactions are converted using the applicable Mastercard exchange rate.
Cash withdrawal limits and other account limits apply. Users should check the latest terms and conditions before travelling or making large cash withdrawals.
Payments
Chase supports payments to UK bank accounts through the Chase app. Most payments are processed quickly, although processing times may vary depending on the payment type and receiving bank. Payment limits may apply, and users should refer to Chase’s latest terms for current limits.
Security and Customer Support
Chase includes a range of security features to help protect customer accounts, including biometric login, fraud monitoring, card controls and a numberless debit card. Customer support is available through the Chase app, with support channels and availability subject to the applicable terms.