Chase Premier Plus Checking Review 2023

Our experts answer readers’ banking questions and write unbiased product reviews (here’s how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.

Chase Premier Plus Checking: Pros and Cons

Chase Premier Plus Checking℠ – Product Name Only Review

Chase Premier Plus Checking℠ – Product Name Only is a good account for waiving fees. You’ll receive four out-of-network ATM fee refunds per month, which is convenient if you travel. You can also sign up for free overdraft protection that moves money from your Chase savings account if you overdraw. When you have this account, you’re eligible to waive monthly fees on two other Chase checking accounts and a savings account.

This account’s main downside is its hefty Chase Premier Plus Checking℠ – Fees Display. But it could still be a good option if you qualify to waive it. Current and prior military members don’t have to pay the fee. You can avoid the charge each month if you have a combined average daily balance of $15,000 in this account and any linked Chase checking and savings accounts. You could also link a qualifying Chase mortgage to the account and set up automatic payments.

Is Chase Premier Plus Checking Trustworthy?

Chase is a Member FDIC Bank, so your Chase Premier Plus Checking account is FDIC-insured for up to $250,000, or $500,000 for joint accounts. If a bank with FDIC insurance shuts down, your insured funds are still safe. Chase would move your money to another federally insured institution, or it would mail you a check.

The Better Business Bureau gives Chase an A+ rating. A strong BBB grade indicates that a company responds effectively to customer complaints, advertises honestly, and is transparent about business practices.

A good BBB score doesn’t necessarily mean you’ll have a perfect relationship with a bank, though. Read online customer reviews or speak with friends and family who use Chase to help determine if it will be a good fit.

Chase has been involved in a couple of recent public controversies. In 2020, JP Morgan Chase & Co. paid the Department of Justice $920 million in a settlement that claimed the bank was involved in wrongful trading. In the same year, the US Department of Labor required Chase to pay $800,000 in back wages in a settlement that accused the bank of underpaying women. 

Chase Premier Plus Checking FAQs

Is Chase Premier Plus Checking worth it?

Chase Premier Plus Checking could be worth it if you qualify to waive the Chase Premier Plus Checking℠ – Fees Display. It’s a good option for overdraft protection and waiving up to four out-of-network ATM fees each month.

What is the difference between Chase Total Checking and Premier Plus Checking?

Chase Total Checking® – Product Name Only is the bank’s most basic checking account. It has a Chase Total Checking® – Fees Display that is easier to waive than Premier Plus’ Chase Premier Plus Checking℠ – Fees Display. Chase Total Checking also offers a Chase Total Checking® – Ongoing Bonus bank account bonus. Total Checking doesn’t waive any out-of-network ATM fees, though.

Does Chase Premier Plus Checking have a minimum balance?

There is no required minimum deposit to open a Chase Premier Plus Checking account. However, keeping a minimum combined balance of $15,000 in this account and any linked Chase checking and savings accounts is one way to waive the Chase Premier Plus Checking℠ – Fees Display.

Does Chase Premier Plus Checking have overdraft protection?

Yes, Chase Premier Plus Checking offers free overdraft protection. By enrolling, you agree to let Chase transfer money from your Chase savings account to checking to cover the amount you’ve overdrawn. Through its Overdraft Assist program, you won’t pay a fee if you’ve withdrawn by $50 or less by the end of the business day — or if you overdraw by more but bring your balance to being overdrawn by $50 or less by the end of the following business day.

Methodology: How We Reviewed Chase Premier Plus Checking

At Personal Finance Insider, we rate products using our bank account ratings methodology. We rate each account from zero to five.

For all types of bank accounts, we look at ethics, customer service, and the bank’s mobile app. For checking accounts specifically, we also evaluate minimum opening deposits, monthly fees, overdraft fees/protection, and ATM access/fees.

How Chase Premier Plus Checking Compares

Chase Premier Plus Checking vs. Chase Secure Banking

Chase has several checking accounts, and Chase Premier Plus Checking is one tier above Chase Secure Banking℠ – Product Name Only. Chase Secure Banking has a fixed Chase Secure Banking℠ – Fees Display that you can’t waive — so if you qualify to waive the Premier Plus Checking fee, it could be the better choice. Premier Plus Checking also offers free overdraft protection, while Secure Banking simply denies a transaction that would overdraw your account.

But Chase Secure Banking is a good choice if you want to receive direct deposits up to two days early. It’s the only Chase checking account that offers early direct deposit. It also offers a Chase Secure Banking℠ – Ongoing Bonus bonus.

Chase Premier Plus Checking vs. Chase Sapphire Banking

Chase Sapphire Banking is one tier higher than Chase Premier Plus Checking. It also charges a Chase Sapphire℠ Checking – Fees Display, but it’s harder to waive.

If you can waive the Sapphire Banking fee, it’s a fairly strong account. It doesn’t charge you for using any out-of-network ATMs worldwide (although the ATM provider might), and there’s no foreign exchange rate adjustment fee. This makes it a great option if you travel internationally.