Chase Private Client to Lower Balance Requirement to $150K
Chase Private Client is a personalized relationship for customers who deposit large amounts at Chase. Members that qualify, receive priority service, exclusive benefits, investment guidance and an unparalleled focus on your needs, based on Chase. Some benefits include no Chase fees on wire transfers and withdrawals at non-Chase ATMs, refund of ATM fees charged by the ATM owner, no foreign exchange rate adjustment fees on debit card purchases, access to free Arts & Culture Passes in select U.S. cities and more. You can read more here.
Right now, to enjoy the benefits of being a Chase Private Client, you need to maintain an average daily balance of $250,000 or more. This can be in any combination of qualifying personal or business deposits and investments. But, Doctor of Credit reports that Chase will lower the threshold for becoming Chase Private Client by $100,000, to $150,000 in balances. The change is set to happen in November 2020. Additionally, existing Chase Private Clients that can’t maintain the $150,000 requirement will be charged $35/month.
Most readers have probably come across Chase Private Client when reading about bank bonuses. Sometime we see bonuses up to $2,000 for upgrading or starting a new Chase Private Client relationship.