Chase

Chase, digital banking by J.P. Morgan in the UK

Chase operates in the UK as a trading name of J.P. Morgan Europe Limited, an entity authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Its offering is built around a mobile app through which customers manage spending, savings and investments. The brand is registered in England and Wales with company number 938937 and registered office at 25 Bank Street, Canary Wharf, London E14 5JP.

Current account and cashback

Chase's current account is designed to be opened and used entirely from a phone. Among its key features, the entity mentions real-time insights into where money goes, customer support available 24 hours a day, seven days a week, no fees from Chase on overseas spending and a card with no visible number to third parties.

The cashback programme returns 2% on everyday spending made with a Chase debit or credit card, up to a limit of £20 per month. The promotion applies to purchases at supermarkets, restaurants, cafes, takeaways, everyday transport, fuel and public EV charging points. It is aimed at UK residents aged 18 or over, requires a Chase current account and savings account and is subject to exceptions, eligibility criteria and terms and conditions.

Savings and investments from the app

The savings account lets you set goals and track their progress, with no minimum initial deposit and top-ups at any time. To open it, you must have a Chase current account and meet the eligibility criteria.

Investments are provided through J.P. Morgan Personal Investing, a platform that offers a team of experts to guide financial decisions. Investment products are provided through the Chase app and are not guaranteed by Chase or JPMorgan Chase Bank N.A. As with all investing, your capital is at risk. J.P. Morgan Personal Investing is a J.P. Morgan company, a trading name of J.P. Morgan Personal Investing Limited, authorised and regulated by the Financial Conduct Authority for certain investment services and restricted advice, with registration number 552016 and registered office at 25 Bank St, Canary Wharf, London E14 5JP.

Requirements to open an account

To open a Chase account, you must be 18 or over, be a resident of the UK only, have a smartphone and a UK mobile number, be a tax resident of the UK and meet the entity's credit history criteria, which it verifies with a soft credit search. The entity also facilitates switching banks through the Current Account Switch Service, which it describes as simple, reliable and stress-free.

Promotion available at the time of review

The site showed a promotion to enter a prize draw for a one-year Transport for London Travelcard when tapping in with Chase on eligible TfL services, subject to terms and conditions.

Location and contact

25 Bank Street, Canary Wharf, London, E14 5JP, United Kingdom