Chase Private Client Review – Benefits, Drawbacks & Requirements

Chase Private Client is a banking service offered by JPMorgan Chase Bank. It provides clients with access to tailored financial solutions and other benefits that are not available through standard bank accounts. This review will analyze the advantages, disadvantages and requirements for becoming a Chase Private Client.

The first section of this review will discuss the primary benefits associated with being a Chase Private Client. These include higher levels of customer service and support from dedicated bankers who have expertise in specific areas such as investments or wealth planning. Other perks include higher deposit limits, lower ATM fees and exclusive offers on products like mortgages or credit cards.

The second part of this review will focus on any drawbacks associated with being a Chase Private Client. While there are numerous benefits, some customers may find there are restrictions placed upon them when it comes to their account activity due to increased security measures implemented by the bank. In addition, certain services may come at an additional cost compared to those offered on regular accounts.

Finally, this review will detail what customers need to do in order to become a Chase Private Client and how they can take advantage of all these features offered by the bank’s specialized program. By understanding both the potential positives and negatives of using private banking services, readers should be able to make an informed decision about whether using JPMorgan Chase’s services could potentially benefit them financially in the long run.


Chase Private Client (CPC) is a banking program that provides an enhanced customer experience. It offers access to specialized services and financial products, such as priority access to bankers, dedicated client advisors, exclusive investment opportunities, preferential rates on credit and loans, as well as travel benefits. Additionally, CPC members receive personalized advice from experienced professionals and discounts on select Chase products. This review will discuss the main benefits and drawbacks of the service in detail, including requirements for eligibility.

CPC requires customers to have a minimum balance of $250,000 or more across their eligible accounts with JPMorgan Chase Bank N.A., or maintain total deposits of at least $500,000 with Chase Wealth Management Banking or Investment Services Group. Customers must also meet other criteria which vary by location. In return for meeting these requirements, they are offered certain advantages such as invitations to events hosted by private banks and preferred pricing on some investments and trading services. Furthermore, clients can benefit from advanced mobile banking features like Touch ID authentication and real-time alerts about account activities through push notifications or email messages.

Eligibility Criteria

In order to qualify for the Chase Private Client program, individuals must maintain a minimum balance of $250,000 or more in qualifying linked deposits and investments with JPMorgan Chase & Co. or its affiliates. This includes deposit accounts such as checking and savings, investment accounts such as stocks and bonds, retirement accounts such as IRAs and 401(k)s, business banking accounts, mortgages and home equity loans held by JPMorgan Chase & Co., and credit cards issued by JPMorgan Chase Bank N.A.. Additionally, applicants must have an average monthly direct deposit into a qualified account of at least $5,000 for three consecutive months prior to application.

This program is open to any individual over 18 years old who meets the eligibility criteria outlined above. The applicant’s mailing address also must be within one of the states where JPMorgan Chase operates (Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois Indiana Iowa Kansas Louisiana Michigan Nevada New Jersey New York Ohio Oklahoma Oregon Texas Utah Washington Wisconsin).

Advantages Of Being A Client

Chase Private Client offers a number of advantages to its members. Firstly, the bank provides access to exclusive banking and wealth management services such as dedicated private bankers and financial advisors, highly-personalized service with tailored solutions, specialized lending options, and preferred rates on products like mortgages. Additionally, clients can receive preferential treatment when they interact with other Chase branches or call centers. Secondly, there are several benefits that come along with being a client including discounts on travel packages, fee waivers for certain activities associated with their accounts, priority customer service access in dealing with account issues, complimentary tickets to select events and free use of select airport lounges. Furthermore, clients have the opportunity to participate in educational seminars designed to help them better understand various topics related to personal finance. Finally, clients also enjoy having increased flexibility in terms of how they manage their finances since Chase Private Client’s team provides customized advice based on individual circumstances and needs.

Disadvantages Of Being A Client

Being a Chase Private Client has its drawbacks, some of which should be considered before signing up. The first and foremost disadvantage is the cost associated with becoming and remaining an eligible client. Those who do not already have a large amount of money may find it difficult to meet the minimum requirements for eligibility, as well as maintain an adequate balance in order to retain their status.

Furthermore, there are certain restrictions that come with being a Chase Private Client. These include:

  • Limitations on deposit accounts such as only one checking account per household is allowed.
  • Limited options for investment products including mutual funds and ETFs.
  • Fees and charges associated with services provided by JPMorgan Chase bank or third parties.

It is also important to note that there can be potential conflicts of interest between the client and JPMorgan Chase due to the company’s dual role as both an investment adviser and broker-dealer. As such, clients must remain vigilant about any recommendations made by representatives from either entity so they can make informed decisions regarding their investments.

Fees And Charges

Chase Private Client fees and charges vary depending on the type of account held. The fee structure includes a one-time account activation fee, an annual maintenance fee, and additional transaction fees that may be incurred when using certain services.

For an individual Chase Private Client account, the account activation fee is $1,000. An ongoing annual maintenance fee applies to all accounts; this varies from $95 per month for the basic level to $750 per month for premium levels of service. In addition, there are specific transaction fees associated with various services such as transfers between accounts or wire transfers. A full list of these fees can be found at the bank’s website or by speaking with a representative directly.

Overall, it is important to understand what fees you will incur before opening up a Chase Private Client Account so that you can make an informed decision about whether this type of banking is right for you.


For those who are considering an alternative to Chase Private Client, there are a few options available. The table below summarizes the benefits and drawbacks of three alternatives: Wealthfront, Merrill Edge Preferred Rewards and TD Ameritrade’s Premier Elite Program.


Option Benefits Drawbacks
Wealthfront Low cost<br>Automatic portfolio rebalancing Tax-loss harvesting Limited customer service No access to human advisors
Merrill Edge Preferred Rewards Access to human financial advisors Education resources High account balance requirement
TD Ameritrade’s Premier Elite Program Extensive research tools Low commissions for stock trades No access to physical locations


All three options have different requirements. To open an account with Wealthfront, investors must meet a minimum deposit requirement of $500; whereas Merrill Edge requires a minimum deposit of $20,000 and TD Ameritrade demands at least $100,000 in liquid assets or $250,000 in total assets. Furthermore, each option has its own set of fees and services which should be taken into consideration when making a decision about choosing the right alternative for one’s needs.

Before deciding on any particular alternative it is important to review all features carefully and compare them against one’s investment goals as well as personal preferences. Additionally, selecting the right provider is based on more than just costs – researching their reputation and customer satisfaction ratings can also help narrow down choices. Ultimately, understanding the pros and cons of each option will ensure that individuals make informed decisions regarding their investments.


Chase Private Client offers a variety of benefits to clients, such as access to specialized financial advisors and discounts on banking services. However, eligibility for the program is limited to those with significant assets and income, who are willing and able to pay an annual fee for premium service. Additionally, there may be other drawbacks that should be considered before deciding if being a client is right for one’s individual circumstances.

Alternatives such as online-only banks or credit unions can provide many of the same advantages as Chase Private Client without all the added costs associated. Ultimately, it depends on what kind of relationship one desires between them and their bank provider–whether they want more personalized attention from experienced advisors or prefer a hands-off approach with lower fees but fewer features. Researching different options will help determine which type of account best meets one’s needs.

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