Chase Sapphire Banking With Free Stock and ETF Trades Through You Invest


Free Trading With Chase Sapphire Banking and You Invest

Chase Sapphire Banking is a new banking product provided by Chase Bank and is replacing the Premier Platinum Checking account.  Customers who previously had a Premier Platinum account will automatically be switched over to a Sapphire Account.  This checking account with Chase falls in to the premium banking service category – there are many bells and whistles that come along with your Sapphire Account and we will review some of the highlights.  One consideration for customers who are interested in a Sapphire Account is that there is currently no bonus offer associated with opening a new account however there is considerable speculation that Chase will be providing new customer bonuses in the future (perhaps as early as late 2018).

Banking Features Provided For Sapphire Banking Customers:

  • No ATM fees for withdraws made anywhere in the world
  • Free Investment Trading with You Invest trading platform
  • No Wire Transfer Fees and no Stop Payment Fees
  • Overdraft fees are waived for the first 4 in a 12 month period
  • $25 Monthly Service Fee applies for Chase Sapphire Accounts
  • Existing Checking Accounts with Chase are eligible to update to Sapphire

Overall, Chase Sapphire Banking provides some very nice features – particularly the free trading with You Invest.  For customers who are looking for a checking account and an investment account this combo feature pairs very well together.  One additional feature of the account is that if you maintain a $75,000 balance, your $25 monthly maintenance fee will be waived.  This may seem like a pretty high dollar amount to waive a fee, but when you consider many account holders will be using this for their main investment account, it is a nice added bonus for those individuals.

This account can be opened online, however, customers who have an existing Chase Checking Account and would like to Upgrade to the Platinum account will need to visit a branch in person.  For the time being, there is not offer but reports suggest that new customer sign up bonuses will be available in the future.  The sign up bonuses will be in the form of Points similar to the reward systems used with the Chase Sapphire Credit Card Line (Sapphire Preferred and Sapphire Reserved).  Updates will be provided once bonus offers are available!