Chase UK Current Account

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Sarah
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Chase UK Current Account

Postby Sarah » Thu Sep 30, 2021 9:41 am

New current account - benefits include 1% debit card cashback during first year and 5% interest on a small amount of 'round up your spending' savings.

Get 1% cashback on your everyday spending

We know a little extra cash is always welcome. Make everyday purchases with your Chase debit card and enjoy 1% cashback on them for a whole year.


Boost your savings with 5% interest on round-ups

We’ll help you set aside money every day. Simply choose to round up your spending to the nearest £1 and we’ll turn the spare change into savings with a 5% AER (4.89% gross) variable interest boost, paid monthly.


MSE article:
https://www.moneysavingexpert.com/news/ ... t-account/

Join the 'waiting list' on their website - or wait for public launch, possibly from November:
https://www.chase.co.uk/gb/en/product/chase-account/

Chase is a registered trademark and trading name of J.P. Morgan Europe Limited.

Sarah
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Re: Chase UK Current Account

Postby Sarah » Mon Nov 08, 2021 2:11 pm

I joined about a month ago now; as mentioned above the benefits are nice and the features they have are pretty slick too. However, this needs to be weighed against the disadvantage that it's not a full service bank (no branches, no website banking, no direct debits, no cheques, etc).

There are also lots of exclusions to the cashback, based on Merchant Category Code. I didn't find these until after making a few fairly ordinary payments such as car repairs and NHS online that didn't qualify (also Reward Gateway gift card purchases are excluded yet Gift Cloud transactions aka TopGiftCards appear to be okay so far):
https://www.chase.co.uk/gb/en/legal/Cas ... xclusions/

It's possible to sign up without a waiting list now. I recall having some initial difficulty with their facial recognition software not matching my webcam picture to my driving licence photo, but eventually it worked after I switched off the room lighting, lol!

Sarah
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Re: Chase UK Current Account

Postby Sarah » Thu Jan 20, 2022 1:04 pm

Nutmeg currently have a £50 incentive offer for opening a Chase UK account (existing customer invite only); perhaps might have expected that following their acquisition by JP Morgan, but too late for me now!

Sarah
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Re: Chase UK Current Account

Postby Sarah » Mon Mar 28, 2022 9:58 am

They added a Direct Debit facility from 4 March 2022 and now instant-access savings with 1.5% interest, that's very good!

Earn 1.5% interest on your savings

Start saving with as little as you like, right up to £250,000 across all your saver accounts – and you'll get interest on it all. We’ll calculate your 1.5% AER (1.49% gross) variable interest daily and pay it monthly.

Sarah
Posts: 754
Joined: Tue Jan 05, 2016 1:38 am
Has thanked: 6 times
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Re: Chase UK Current Account

Postby Sarah » Thu May 12, 2022 5:49 am

Hey, want to join me at Chase UK?

We'll both get £20 when you join and pay in £20.

Get started:
https://link.go.chase/emNK/refer?code=sUaGyDkH

T&Cs apply.


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