Yes, Saturday is considered a business day at JPMorgan Chase. However, it should be noted that the business day can be divided into two parts which are processing and service.
Chase Bank has a business schedule for Mondays to Mondays and Saturdays from 9 am to 4 pm. Again asked is Saturday a business day for the chase?
Who likes to work on a Saturday? Most people would rather their working days on a Friday because five days are enough to go through the same work routine. However, there are businesses and organizations which are open on Saturdays as well, due to the nature of their work.
While the simple answer here is that, Chase is open for business on Saturday, it is best to look at the different aspects of JPMorgan Chase & Co, to get the whole picture of what goes on.
Statistics about JPMorgan Chase & Co
There are about 5,100 branches of Chase and 16,000 ATMs all over the world. The bank, as of 2019, has about 256,105 employees.
It operates in more than 100 countries and has assets of $2.6 trillion, as of 2019. As of 2018, the company has a presence in 100 markets worldwide. Its revenue was $109 billion in 2018, which increased from $99.624 billion, in 2017.
The company was founded in 1799, and was initially called ‘Bank of the Manhattan Company’. The founder of the company was John Pierpont Morgan and its headquarters is in New York. The current CEO of the company is Jamie Dimon.
Take a Glance at Chase Bank
When a customer goes to Chase Bank and opens a checking account, then the monthly fee they have to pay is $12. The monthly fee for the Chase Premier Plus Checking account is $25.
The minimum balance that a customer needs to open a checking account is surprising, nothing. The monthly fee for a saving account is $5, and the saving interest rate is 0.01%, which is effective from 12/20/2019.
The bank cuts $5 on each withdrawal, and for any money transfer and inquiries outside the USA, the bank cuts $2.50. There are 21 different types of credit cards, that the bank issues.
It is best for those customers, who want to easily access their money, regardless of where they go. However, this bank is not for those who are interested in earning interest on their accounts.
Standout Features
There are several standout features of Chase bank. First, it offers many significant banking products to customers and has a high customer satisfaction rating.
There is a large selection of credit cards for the customers, and it comes with excellent mobile banking tools as well. As there are many ATMs and branches all over the world, people don’t find it a problem to retrieve money when they are traveling.
Customers can easily deposit money through their smartphone and can manage their accounts, wherever it is.
Major Banking Services
The major banking services that the bank provides are checking and saving accounts, credit cards, CDs, auto loans, and mortgages.
It also offers things like investment opportunities and business banking. There are several options within every service that the bank offers, and these services are most likely to fit the lifestyle of the customer.
The reason why Chase has a competitive edge over its competitors is because of the mobile app that it is available for download on both iOS and Android.
Saturday: A business Day
Is Saturday a business day for chase bank, with a work schedule of 9 is to 2 pm. However, on Sundays and some public holidays, the bank is off. When Chase opens its doors for customers on Saturdays, then it is making things easier for those, who are not able to go to the bank on weekdays, during office timings.
Even though Sundays are not a working day for Chase employees, customer service is still available. In case someone needs help with their credit card, then they can call up the customer’s service all round the year.
Benefits of choosing Chase
Most people choose Chase because of several reasons. Firstly, wherever they go all over the world, Chase helps them to retrieve money from its 16,000 plus and growing ATMs. If they have a problem or want to deposit a check in a bank account, then they can visit any of the 5,000 branches worldwide.
With the help of this bank, customers can easily make deposits or use online banking services. They have a customer care support system, which works throughout the clock, and can provide the customer with paperless statements.
The best part of the bank is that it opens special accounts for students and even military personnel.
Moreover, when someone goes to an ATM of Chase bank, then they can deposit funds withdrawal funds, transfer funds, and check account balance through it. This can happen any day and at any time of the week. The ATM doesn’t have to be in the same area, as the other person.
Types of Checking Accounts
There are different types of checking accounts available for customers. These accounts are specially designed to address the different needs that customers have.
Chase Sapphire Checking Account
Some people don’t want to pay high transaction fees if they have huge deposits in their checking account, investment account, and saving account.
There are many benefits of getting a Chase Sapphire Checking account, as the customer doesn’t have to pay any monthly fee. The account can have zero opening balance, and there is no fee when the customer uses a Chase ATM all over the world.
There is no rating fee for using foreign exchange, and the customer can use a deposit box, without any charges as well.
Chase Private Client Banking
This bank is specifically made for those customers, who have more than $250,000 deposit in their account. There are numerous benefits associated with such a private client bank account.
This includes getting access to special products, getting advice on investment opportunities, and other priority services. Those who hold this account, they can enjoy a fee waiver on their private client banking account, and other benefits as well.
Chase College Checking Account
Some students have banking needs, especially when it is away from home. As students are mostly tech-savvy, they need quick financial solutions. With this type of account, they get easy access to digital banking and several other things, which makes life easier for them.
The opening of this account can be zero dollars, and there is no monthly account fee for up to five years. The students get to use Chase Quick Pay, Zelle, Chase Quick Deposit, and can pay their bills online.
These services have no monthly service fee, and they can even make use of mobile wallet transactions. As students don’t have to pay banking fee, when it is enrolled in college, could be a very appealing factor for them.
With such resources and access, they can easily manage their funds. When they graduate, they can directly deposit a paycheck, and waive the monthly fee of the bank.
Military Chase Checking Account
Chase bank cares about every kind of customer, including the military. They offer the military with unique opportunities, like opening a checking account that specifically suits their needs.
The people who are qualified to open this account include active military members, reserve military members, and National Giard veterans. Also, the members who have a military ID card, they qualify for this account.
When military personnel opens their account with Chase, then they get their customized checking account. They don’t have to pay any monthly fee, or fee for money orders, cashier checks, and counter checks.
If they transfer money through wire transfer, they don’t have to pay any fee. The fee for ATM transactions is also waived, which means they can save a lot of money.
Benefits for New Customers
It is several benefits that new customers can avail of when they open an account with Chase. For example, when students open an account with Chase, then they get a reward, but they have to meet certain criteria. Similarly, if someone refers their friend to open an account with Chase, then they can make money through those referrals as well.
Mostly, people who refer to Chase bank, they get a bonus of $50, and if they refer ten people to the bank in a year, they can get up to $500.
The most popular account among customers is the Total checking account. This is because the customers don’t have to pay the monthly fee on this account if they make a direct deposit of $500 every day.
FAQs
Is JP Morgan and JP Morgan Chase the same thing?
Even though the names are similar, they provide different solutions to consumers and organizations.
J.P. Morgan is the firm as a whole, while Chase is responsible for handling commercial retail, retail banking, and the services that everyday consumers use.
Is JP Morgan Chase a Fortune 500 company?
JP Morgan Chase is a Fortune 500 company, and its ranking is 16th.
Is JP Morgan Chase a good company to work for?
JP Morgan Chase is a good company to work for, because they provide good incentives for their employees, and give them the chance to work flexibly.
As there are so many branches of this bank, employees get to learn about teamwork, and they can gain more experience in dealing with different kinds of customers and situations.
Moreover, as it is a Fortune 500 company, it provides employees with good benefits and incentives.
Is JP Morgan Chase bank open today?
Chase bank is open from Monday to Friday, from 9 am to 6 pm. On Saturday, the bank is open from 9 am to 2 pm. On Sundays, the bank is closed for business. There are certain holidays on which the bank remains closed, and these holidays are as follows:
- New Year Day
- Martin Luther King, Jr’s Birthday
- Washington’s Birthday/President’s Day
- Easter Sunday
- Memorial Day
- Independence Day
- Labor Day
- Columbus Day
- Veterans Day
- Thanksgiving Day
- Christmas Day
Is JP Morgan Chase a publicly-traded company?
JP Morgan & Chase is a publicly-traded company, and its five shareholders are all major finance companies. It is listed on the Standard & Poor’s 500 Index. It shares some of the most popular index-tracking mutual funds and ETFs.
Who are the top 6 Shareholders of the JP Morgan Chase company?
The first one is the Vanguard Group, which is the largest shareholder of the bank, as of 2019.
It holds about 7.90 % shares of the bank. It is also the largest investment management company in the world, which means it manages many mutual funds and ETFs.
The second shareholder of Chase is BlackRock Inc. They own 216.4 million shares of the bank, which is 6.77% of the company. This company was founded in 1988 and is an asset management company with $6.84 trillion in assets.
The other shareholders include State Street Corp., Capital World Investors, FMR LLC, and Berkshire Hathaway Inc. There is an individual stakeholder of Chase as well, called James Crown.
He is the president of private investment, and also the director of the bank. The second individual shareholder is James Dimon, and he owns about 8.9 million shares of the company.
What are some of the famous markets, in which the company has expanded?
Some of the famous cities in which the company has expanded its services to include:
- Chicago
- Dallas
- Detroit
- London
- New Orleans
- Columbus
- Denver
- Houston
- Miami
- Seattle
- San Francisco
- Nashville
- Greater Washington Region
- Paris
What are the different areas, which the Chase customer service deals in?
If customers have a problem with their credit cards, as it gets stolen, they should right away contact the customer service. If they want auto loans, then they can contact customer service and the same for home lending.
If a customer of the bank wants to discuss investments and retirement planning, then they should contact the customer service.
The customer service will forward their message or connect them with a more experienced and relevant person.
Customer service also handles commercial banking, and business banking services.
Do checks follow on Saturdays?
That’s why the bank appreciates things like branch hours and so you can walk to the Chase branch on Saturdays. But processing (such as when a check is deposited on books or when a wire is sent out) is praised by the industry and is Friday a business day for a chase.
What’s the next business day for Chase?
Chasing customers, for example, have until 11 a.m. ET to post a transaction the next day to receive their check from the ATM, but if you bank with Sun Trust, you have until noon. Your submission will be required.
Do direct deposits pass on Saturdays?
With direct deposit, can I pay on weekends? Generally, no direct deposit process in business days.
Therefore, if your salary falls on the weekend, your bank usually makes funds available on Friday before salary or next Monday (unless it is a federal holiday).
Can checks be clear on Saturdays?
For most banks, the cut-off time is around 5 p.m. At the branch location.
Note: Although a bank may be open on a Saturday or Sunday, it cannot be considered a “business day”.
Also, remember that holidays are not what is a business day for the chase. If you need a check to clear quickly, it’s a good idea to know your bank’s cut-off times.
