How to get rid of your overdraft for good
Want to wave goodbye to your overdraft for good? Here’s how to do it.
Current accounts
Chase current accounts.
Complete a purchase and earn a £15* reward with super save club logo
*Selected providers. SuperSaveClub restrictions and T&Cs apply. Click here for details.
What current accounts does Chase offer?
Chase offers an app-based current account with no monthly account fee. It is designed for everyday digital banking and comes with a debit card, spending insights, and the option to open additional current accounts within the Chase app.
Unlike some high street banks, Chase does not offer a wide range of different current account tiers, such as student, basic, packaged, or premier accounts. Instead, it focuses on one main current account that can be used alongside Chase savings and investment products.
Chase current account
Chase’s current account is a digital current account that can be managed through the Chase app. It includes a debit card, mobile wallet payments, spending insights, and the ability to create extra current accounts for budgeting or separating your money.
Chase also offers round-ups, where your card spending can be rounded up to the nearest pound and the spare change moved into a separate round-up account.
Which Chase current account is right for me?
Chase may be suitable if you want a simple, app-based current account for everyday spending, budgeting, and managing money on your phone.
It could be a good fit if you value digital banking features, fee-free card spending abroad from Chase, cashback opportunities, and tools that help you see where your money is going.
However, Chase may not be right for everyone. It does not currently offer overdrafts, and it may not suit customers who prefer branch banking or need a broader choice of specialist accounts.
Does Chase have accounts with perks and rewards?
Chase offers a current account with access to rewards and savings features. Its cashback offer lets eligible customers earn cashback on selected everyday spending categories, such as groceries, restaurants, cafes, takeaways, everyday transport, fuel, and public EV charging points. Chase says customers can earn up to £20 a month, subject to eligibility, qualification criteria, exceptions, and terms.
To qualify for Chase’s 2% cashback, customers need to meet certain conditions, including making at least 15 qualifying payments a month and holding at least £1,000 across eligible Chase saver accounts, excluding round-up accounts. Direct Debits can count towards the 15 payments, but cashback is only earned on eligible card purchases, not Direct Debits or bank transfers.
Chase also offers round-ups, where eligible debit card spending is rounded up to the nearest pound and the difference is moved into a separate round-up account. Chase currently promotes a 5% interest boost on round-ups.
Why choose a Chase current account?
A Chase current account may appeal if you want:
-
No monthly account fee
-
App-based banking with spending insights
-
The option to open extra current accounts for budgeting
-
Cashback on eligible spending, subject to terms
-
Round-ups to help save spare change
-
No Chase fees for debit card spending at home or abroad
-
24/7 in-app customer support
Am I eligible to open a Chase current account?
To apply for a Chase current account, you’ll usually need to:
-
Be aged 18 or over
-
Be a UK resident only
-
Have a smartphone and UK mobile number
-
Be a UK tax resident
-
Meet Chase’s credit history criteria
What are the fees and charges on Chase current accounts?
Chase’s current account has no monthly maintenance fee. Chase’s fee information document also lists no fee for Direct Debits, standing orders, UK Faster Payments, UK cash withdrawals, overseas cash withdrawals, UK debit card payments, overseas debit card payments, and replacement debit cards.
Chase also says it does not add transaction fees or mark-ups when you spend abroad, and uses the Mastercard exchange rate for currency conversion.
Some services are not available through the Chase current account, including CHAPS, international payments, cheque services, and overdrafts.
What overdraft options does Chase offer?
Chase does not currently offer arranged or unarranged overdrafts on its current account.
This means it may not be suitable if you want a current account with a planned borrowing facility. If you try to make a payment without enough money in your account, Chase may refuse the payment, although its fee information document lists no fee for refusing a payment due to lack of funds.
Can I switch to a Chase current account?
Yes, you can switch to Chase using the Current Account Switch Service. This service moves your balance, Direct Debits, and standing orders from your old current account to your new one.
Chase says the in-app switch process can move regular payments, Direct Debits, and standing orders in seven days. To start a switch, customers can open the Chase app, go to their profile, tap “Switch to us”, and follow the steps.
As with any current account switch, it’s worth checking that the Chase account meets your needs before closing your old account, especially if you rely on features Chase does not offer, such as an overdraft, branch banking, or international payments.
How do I open a Chase current account?
Before opening a Chase current account, it’s worth comparing it with other current accounts to make sure it suits the way you manage your money.
At MoneySuperMarket you can compare current accounts from a range of providers and look at features such as fees, rewards, overdraft options, switching incentives, and app-based banking tools.
Once you’ve compared your options, you can choose the account that best matches your needs whether that’s a digital current account like Chase, an account with an arranged overdraft, or one with extra rewards and benefits.
Comparing current accounts can help you understand what’s available before you apply, so you can feel more confident you’re choosing the right one.
Reviewed on 9 Jul 2026
Selected providers. SuperSaveClub restrictions and T&Cs apply. Click here for details.
YouGov Survey 1st July 2024 to 30th June 2025. Net Recommend score derived from “Which of the following online service websites would you recommend to a friend or colleague, or tell them to avoid?” Base: Current Customers of (MoneySuperMarket n=18,382, Compare the Market n=16,802, Go.Compare n=10,162, Confused.com n=8,229, Uswitch n=528).
SuperSaveClub restrictions and T&Cs apply. Click here for details.
