Compare UK Digital Banks
Independent reviews of digital & app based banking
Chase Bank UK Review
Chase is a UK digital bank offering a feature-rich current account with 1% cashback on everyday spending, competitive savings rates, and a clean, intuitive mobile app. Backed by JPMorgan, Chase combines strong rewards with simple money management tools, making it one of the most attractive all-round app-only banks for day-to-day use.
FSCS Protection — If you want to understand how the £120,000 FSCS guarantee protects your savings, click here to read our helpful guide →
Key Features
| FSCS Protection | Yes — up to £120,000 per person |
| Monthly Fee | £0 — No monthly fee for the current account |
| Current Accounts | Yes — Personal current account with a contactless Visa debit card, 1% cashback on everyday debit card spending for 12 months, and no fees for spending abroad |
| Savings Accounts | Yes — Easy Access Saver (4.1% AER variable) and Linked Saver (access to boosted rates for new customers) |
| Credit Card | Not offered — Uses Visa Debit only |
| Spending Abroad | Fee-free — No Chase fees on card purchases or ATM withdrawals abroad. Visa exchange rate applies |
| App Features | 1% cashback tracker, round-up savings, goal tracking, investment access (via Nutmeg), spending insights |
| Loans | Not offered — No overdraft or personal loan facilities |
| Top Savings Rate | 4.5% AER fixed — Boosted rate available for new customers for 12 months via the Linked Saver |
Chase Bank UK at a Glance
- Chase is a UK app-only bank backed by JPMorgan, offering 1% cashback on everyday spending (for new customers in the first year), a competitive linked saver account with boosted rates for new joiners, round-up savings, and fee-free spending abroad — all with no monthly fees.
Chase Bank UK Services
Chase offers a well-rounded set of digital banking services including a current account with 1% cashback on eligible spending, a linked saver account, round-up savings, fee-free spending abroad, investment access via J.P. Morgan Personal Investing, and the option to switch using the Current Account Switch Service (CASS).
✅ Pros
- 1% cashback on eligible everyday spending (groceries, transport, fuel)
- Competitive savings with boosted 4.5% AER rate for new customers
- No monthly account fees
- Fee-free spending abroad on card purchases
- Access to investments through J.P. Morgan in the app
- Backed by JPMorgan Chase
- Round-up savings feature
- Participates in the Current Account Switch Service (CASS)
⚠️ Cons
- Cashback is for new customers only, limited to the first year and £15/month max
- No physical branches for in-person support
- No overdraft or personal loan facilities
- Savings boosted rate is a time-limited offer for new joiners
- Limited product range compared to traditional high street banks
- No joint accounts (currently)
Why We Like Chase Bank UK
Chase Bank UK stands out for combining valuable cashback, a genuinely competitive savings account, and fee-free spending abroad in one clean, easy-to-use app. Its JPMorgan backing and structured rewards make it a strong contender for everyday digital banking in the UK.
How We Compare Digital Banks
Compared with other UK digital banks, Chase stands out for its dual offering of cashback and a top-tier easy-access savings rate. It directly competes with banks like Monzo on user experience but offers more immediate financial rewards, while its savings rate challenges dedicated savings platforms.
Financial Information Disclaimer
The information on this website is provided for general guidance only and may not always reflect the latest fees, rates, or terms offered by each bank. While we do our best to keep content accurate and up-to-date, you should always check the bank’s official website or app before applying for an account. Nothing on this site constitutes financial advice.
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