Chase Offers Military Personnel Premier Checking Account Benefits

NEW YORK--(BUSINESS WIRE)--Chase:

“Our servicemen and servicewomen deserve the very best Chase has to offer”

Chase Military Banking provides multiple benefits while waiving balance requirements
Existing servicemember customers with qualifying military direct deposit will receive automatic upgrades
Benefits also available for business owners

Chase today launched Military Banking, its latest initiative to support military personnel with special benefits. The premium checking account benefits typically reserved for high-balance customers are now available to active duty Armed Forces servicemembers along with members of the Guard and Reserve.

Current Chase military customers will be automatically upgraded to Chase Premier Plus with Military Banking Benefits on July 1. Military personnel qualify when they have their military base pay direct-deposited into their Chase account.

“Our servicemen and servicewomen deserve the very best Chase has to offer,” said Todd Maclin, CEO of Retail Banking at Chase. “We are lowering the cost for military personnel to do their everyday banking wherever they are around the world.”

The benefits of Chase Military Banking include:

No monthly fee or balance requirements
No Chase ATM withdrawal fee for using non-Chase ATMs anywhere in the world
No Chase fee on incoming/outgoing wire transfers
No fee for money orders, official checks and travelers checks at any of Chase’s 5,300 branches
Free Chase design checks
Free safe deposit box
Interest paid on the checking balances
Chase Plus Savings with higher interest rates and no monthly service fee
Two additional Chase Premier Plus Checking accounts with no monthly service fee

New Chase Military Banking customers will receive the benefits if they set up direct deposit of their military base pay. The deposit of allotments does not meet this requirement.

In addition, active duty servicemembers who own a small business can take advantage of special Business Banking offers that also begin July 1. The special military benefits include:

Chase Business Select Checking with their monthly service fee waived
Up to $500 off qualifying loans
Waiver of Annual Fee on qualifying Lines of Credit
Discounts on qualifying Small Business Administration Loans, including the SBA Patriot Express loan

Chase also launched a Military Mortgage program to provide military servicemembers significant financial advantages and customized offers on home loans, including:

Low fees exclusively for military members, saving up to $495
1% Mortgage Cash Back^SM for qualifying customers
VA Loan Benefits
Special mortgage servicing by certified military mortgage consultants

Details about all Chase Military programs are available at any one of 5,300 Chase branches or by emailing chase.military.inquiries@jpmchase.com.

Chase Initiatives to Support Military Veterans

Earlier this year, the bank developed a comprehensive strategy to support the unique needs of military members, veterans and their families in the areas of homes, jobs and education. Since then, it has launched a series of initiatives in close partnership with government organizations, non-profits, educational institutions and other firms. Specifically, Chase is providing 1,000 homes to veterans in the next five years through its non profit partners and through the 100,000 Jobs Mission partnership pledges with other firms to collectively hire 100,000 veterans by 2020.

Chase also partnered with Syracuse University to establish the Institute for Veterans and Military Families to provide education programs for veterans and in-depth analysis of the challenges facing the veteran community. The institute will capture best practices and serve as a forum to facilitate new partnerships and strong relationships between the individuals and organizations committed to making a difference for veterans and military families.

In addition, the bank established a multi-year partnership with the Center for a New American Story to address issues impacting U.S. service members, veterans and their families in support of the White House’s “Joining Forces” initiative.

About Chase

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.2 trillion and operations in more than 60 countries. More information about Chase is available at www.chase.com.