While this charge is reversible in some cases by meeting the threshold within 60 days, consistent failure to maintain the minimum can result in the account being closed. The rules vary depending on the specific account type, but maintaining the required balance prevents monthly fees and ensures the account functions as intended.
Understanding Chase Total Checking Minimum Balance Requirements
Relationship Waivers Many Chase clients can bypass these minimums through relationship banking. If the average daily balance falls below this threshold, a $12 fee is applied at the end of the statement cycle.
Understanding the minimum balance for a Chase checking account is essential for anyone managing their finances in the United States. These accounts serve as a entry point for younger users or those looking to avoid high balance requirements initially.
Understanding Chase Total Checking Minimum Balance Requirements
Standard Checking Minimums The baseline requirement for a Chase Total Checking® account is typically a minimum daily balance of $500 to waive the monthly maintenance fee. The Chase Business Complete Banking® account usually requires a minimum balance of $500 on average daily balance to avoid fees.
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