Bank of America and Chase have both announced their commitment to ending Chase’s requirement that you provide a bank account PIN when you want to get an appointment to open a Chase bank account.
Chase’s announcement was a little more complicated than the others.
Here’s how it works: Chase is charging you $75 for each Chase account you open for an appointment, which is $75 per account.
This includes $50 to be added to your Chase balance and $50 if you open a new Chase account.
The Chase account holder will receive an email confirmation.
Once the email is received, the Chase account will automatically close and the Chase PIN will be automatically entered into your Chase account for your account.
Once your account has closed, Chase will no longer require you to provide a PIN, but you will still need to provide an account number.
Chase will also no longer ask you to enter a PIN on your behalf.
Bank of American is charging $100 per Chase account opened for an account opening.
Bank is also charging $50 for each account opened and $75 if you want a Chase account open.
The account holder is responsible for any fees and charges associated with the account.
Bank also no longs to add the account number and PIN to your account for each transaction, so please refer to your bank’s account documentation for details.
You will not receive an invite to open any Chase account until you’ve opened a Chase credit card, which means the Chase credit cards will no long be able to open the Chase bank accounts for you.
Chase also plans to add a “credit card approval process” to their app, which will allow Chase to add your credit card number and your bank account number for you to sign up for a Chase debit card or for you and a friend to create an account with Chase.
Here’s how Chase and Bank of Ameritrade are handling the Chase change.
Chase says it’s not going away: The Chase Chase account and credit card numbers and PINs are the same for all Chase customers.
Chase has made this change to clarify its new account opening process, and to make it clear to our customers that this change does not affect the Chase Bank account or credit card.
As with all changes, Chase’s goal is to be more customer-focused.
For example, Chase is not changing Chase Bank’s Chase Account Cardholder Agreement.
We will continue to monitor Chase Bank customer experiences to make sure the new account openings process is working the way customers want it to.
Curious about the Chase signup process?
Chase’s signup page is a little bit different than Chase’s: Chase’s new account opens via an email invitation to the account holder.
Chase notes that if you choose to send an email to an account holder, you will receive a confirmation email within 30 days.
The email is only sent if you are eligible to receive the email.
Chase is still trying to figure out how to get more Chase customers to signup, and it’s still not clear how many Chase customers will be able participate.
What if you have more than one Chase account?
The Chase account opens to everyone.
Chase claims that the new Chase signups process will work to get all Chase accounts open to everyone, regardless of whether you have a Chase, Bank, or other account.
If you have multiple Chase accounts, you’ll need to share your Chase accounts to get Chase account numbers for all your Chase credit accounts.
Chase did not respond to a request for comment.