How to open a bank account in JP Morgan Chase Bank?

 About JP Morgan Chase Bank

Our presence in India began in 1922, when a heritage firm took an ownership interest in a merchant bank in Calcutta. Today, we provide clients in India a comprehensive range of corporate and investment banking services. Our global service centers in Mumbai, Bengaluru and Hyderabad support operations globally.

 We have operated in Asia Pacific since 1872, and today are present across 17 markets in the region. Clients rely on our global strength, local expertise and leadership across our lines of business.

 In Asia Pacific, we are committed to helping promote economic growth and economic inclusion through our key philanthropic initiatives in the areas of workforce readiness, small business development and financial capability. Our investments aim to increase the number of quality jobs created for the underserved individuals and communities, helping small businesses become more sustainable, as well as assisting marginalized people in gaining access to affordable financial products so that they can become more financially secure. This shared commitment to the community drives our Foundation’s giving and employee engagement and volunteering activities across the region.

 J.P. Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries. As announced in 2020, JPMorgan Chase will deploy $2 billion in philanthropic capital around the world by 2025. We also lead volunteer service activities for employees in local communities by utilizing our many resources, including those that stem from access to capital, economies of scale, global reach and expertise.

What do you need to open a bank account in JP Morgan Chase Bank?

There are a few documents you will need to open a bank account whether it is online or in-person. Banks and other financial institutions may have different requirements. If you are a U.S. citizen or non-U.S. citizen residing in the U.S., here’s a list of a few documents you may need to open your account. However, check with your financial institution to determine what documents you will need.

Identification:

This could be a valid:

•           Government issued photo ID or driver’s license

•           Social Security Card or Individual Taxpayer Identification Number

•           Passport or Birth Certificate

Proof of Address:

It must show your name and address of your residence. This could be a current and valid:

•           Lease document

•           Mortgage document

•           Utility bill, bank statement or credit card statement

•           Student checking accounts may require proof of enrollment in an eligible school such as a student ID or acceptance letter.

•           If the bank has a minimum opening deposit requirement, you may need to provide the deposit at the time of applying.

How to open a bank account

You may open a bank account through some of the following steps:

1.         Choose a bank: You may want to consider the features, benefits, perks, ATM locations, and types of accounts offered by your choice of bank as well as any applicable monthly service fees and other fees that may apply before opening your bank account.

2.         Confirm eligibility requirements: Confirm the bank or credit union’s eligibility and age requirements for opening a savings or checking account.

For example, you usually need to be at least 18 years old to open a checking account and some banks may require a parent or guardian to be part of the process of opening a student checking account. If you are applying for a child’s first savings account or student checking account some banks require both people to be present with their necessary documents.

3.         Choose the right accounts for you: Before the application process, you can usually specify what types of products you’d like, such as a checking account, savings account, or both. Read over the account materials and be sure to familiarize yourself with the account features.

4.         Start the application at your bank: Once you have chosen a bank or credit union, and the type of account, visit their local branch or online site to learn more about their application process and to access their application.