The Top Easy Access Savings Discussion Area

castle96

dozens of a/cs with £1 in, just in case

Daliah

Chase UK 1.5% AER. Proper instant access account. Not for those without smartphone or tablet as it is digital only. Thanks to @andyhicks88 for the heads up.

https://www.chase.co.uk/gb/en/product/chase-saver-account/


The account has a sort code and account number but CoP (confirmation of payee) doesn't work as Chase haven't implemented Open Banking yet.

Deposits and withdrawals are instant, at least on working days, but probably 7 days a week. You can set up standing orders for payments out of the savings account to other UK accounts in your name. Not sure whether the account can be used for Direct Debits, but someone will find out before long, I suppose.

murphydavid

Not having used Chase bank before I searched to see “is Chase Bank regulated by the FCA” and found warnings by the FCA that there are clones being used by fraudsters using the name “Chase” two of which are “Chase Chartered Bank” and “Chase UK”

see

 

Chase Chartered Bank | FCA

Chase UK (clone of FCA authorised firm) | FCA

 

Also the real Chase Bank is NOT registered on the FCA register under that name.

They are registered as   “J.P. Morgan Europe Limited”

 

So take care.

DragonQ

Right, looks like all the cash in Club Lloyds, Vantage and Halifax Reward is about to be flung Chase's way.

typistretired

That post about 2 scam Chase accounts gave me the wobbles though. Couldn’t find their FCA number on their Chase app just their trading name of J.P. Morgan Europe Limited. FCA needs to block them scam sites 

DragonQ

typistretired said:

That post about 2 scam Chase accounts gave me the wobbles though. Couldn’t find their FCA number on their Chase app just their trading name of J.P. Morgan Europe Limited. FCA needs to block them scam sites 

Bottom of their website says:

Chase is a registered trademark and trading name of J.P. Morgan Europe Limited. J.P. Morgan Europe Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 124579. Registered in England & Wales with company number 938937. Our registered office is 25 Bank Street, Canary Wharf, London, E14 5JP, United Kingdom.

Are you concerned about downloading a copycat app?

Daliah

murphydavid said:

Not having used Chase bank before I searched to see “is Chase Bank regulated by the FCA” and found warnings by the FCA that there are clones being used by fraudsters using the name “Chase” two of which are “Chase Chartered Bank” and “Chase UK”

see

 

Chase Chartered Bank | FCA

Chase UK (clone of FCA authorised firm) | FCA

 

Also the real Chase Bank is NOT registered on the FCA register under that name.

They are registered as   “J.P. Morgan Europe Limited”

 

So take care.

As long as you download the app from the AppleStore or from Google Play, there is nothing to worry about. I would hope that nobody would download their banking apps from any other place.

typistretired

Daliah does leave Chase mean log out can’t find a log out button. Thanks for bringing to our notice

DragonQ

typistretired said:

Daliah does leave Chase mean log out can’t find a log out button. Thanks for bringing to our notice

On Android at least you just press the back button from the main screen to log out. If you try to open the Chase app again after doing that it'll always ask you to login again.

tg99

Anyone tested payments into and out of the new chase savings account? My payment in about half an hour ago still not showing so just did another one into my chase current account and that showed instantly. Def sent the first payment to correct account details.

EDIT: it just arrived a minute or two after I posted this.