The FINANCIAL -- Chase LiquidSM, a new
reloadable card that offers customers financial control and flexibility
with the convenience of Chase's extensive branch and ATM network, is now
available to consumers at all of Chase's 5,500 branches from coast to
"Consumers are looking for an affordable and predictable way to manage their money," said Ryan McInerney, CEO of Consumer Banking. "Chase Liquid is a low-cost alternative to traditional checking accounts and its convenience and pricing transparency sets a new standard for prepaid products."
Customers can make purchases anywhere Visa is accepted. Chase Liquid comes with a flat monthly fee of $4.95 and there is no additional charge to: Open a Chase Liquid card; Refill the card with cash or checks at Chase's 10,500 DepositFriendly ATMs and 5,500 branches nationwide; Withdraw cash at Chase's 17,500 ATMs and 5,500 branches nationwide; Sign up for direct deposit – paychecks or government benefits such as Social Security; Transfer funds to Chase Liquid from Chase accounts on Chase.com or at Chase ATMs; Check balances – whether at Chase ATMs and branches, on Chase.com, via text, or by speaking with a customer service representative; Receive online or paper statements; Replace lost cards; Receive account alerts via text or email, and check balances via text or Call customer service.
As JPMorgan Chase & Co. reported, customers receive a clear and simple one-page disclosure, which incorporates leading consumer group disclosure recommendations, allowing them to plainly see a description of fees and when deposits are available. There are no overdraft fees and no minimum balances to maintain the account – only a low initial deposit of $25 is required.
"Customers can use Chase Liquid to make everyday purchases, pay bills and more, without any surprise charges," McInerney added.