Chase is a relatively new digital bank service, having been released in late 2021. It is a financial services company that offers both consumer and business banking. Individuals and small businesses are served by the company's bank branches, ATMs, and mortgage offices, as well as its online and mobile banking services. In addition, Chase has strong ties to auto dealerships, schools, and colleges. J.P. Morgan Equity Holdings, Inc. owns and operates the bank, which was created in the year 2000.JP Morgan Chase & Co. is a significant global financial services organization with $2.6 trillion in assets and operations. It operates a consumer and commercial banking business in the United States. Chase is essentially a digital version of JPMorgan Bank, which operates in Europe.
Chase is one of the safer digital app-only banking services available in the UK. In the UK, there are no physical branches; everything is digital and handled through an app. It's backed by one of the world's top banks' experience and wealth. Moreover, Chase is regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). It is also covered By the Financial Services Compensation Scheme (FSCS), which will guarantee any deposits up to £85,000.
Currently, Chase Bank only offers current accounts. By the way, it offers some great features. Customers who have a Chase accounts get certain additional benefits. They immediately receive 1% payback on debit card purchases made online or They can open numerous free accounts to use in the same way as pots with other banks. There are no hidden fees when you sign up for Chase or keep your account active. You will not be charged by Chase if you use your bank card outside of the United Kingdom. And it also works with Apple pay.
Customer service questions are answered via a combination of FAQs and live chat in the Chase app. Customers can contact the bank via email or phone 24 /7. ChaseSupportUK@chase.com is the email address, and the phone number is 0800 376 3333.
Although the trust pilot rate of chase.com is 1.3 points, I think it is too early to pass a review on Chase ,because it is new and the bank will undoubtedly expand its services in the future. Anyhow, it's a good option as a digital bank. The fact that it is owned by JPMorgan may also increase the trustworthiness of the platform.