Chase Account Types

Chase offers several types of brokerage accounts to cater to different investment needs:

• Self-Directed Investing Account: This account allows you to trade stocks, bonds, mutual funds, exchange-traded funds (ETFs), and options online independently. There is no minimum account balance required to open this account, and you can start trading with as little as $1. You benefit from unlimited commission-free online trades for stocks, ETFs, and options, though options contracts may incur additional fees.

• Retirement Accounts: Chase provides traditional and Roth IRA accounts, which offer tax advantages for retirement savings. These accounts also have no minimum balance requirement.

• General Investment Account: This is a standard taxable brokerage account that allows you to trade a wide range of securities without tax advantages.

Chase Broker Account Opening Process

Opening a brokerage account with Chase is straightforward and can be done online. Heres a step-by-step guide:

• Visit the Website: Go to the Chase website and navigate to the investment section to find the self-directed investing account option.

• Choose Account Type: Select the type of account you want to open (Self-Directed, IRA, or General Investment).

• Provide Personal Information: Fill out the application form with your personal details, including your Social Security number, address, and employment information.

• Verify Identity: You may need to provide identification, such as a drivers license or state-issued ID.

• Fund Your Account: You can fund your account through electronic funds transfer (EFT), wire transfer, or check deposit. There is no minimum deposit required for a self-directed investing account.

• Review and Submit: Review your application details and submit your application. Chase will typically review your application within one business day and notify you via email when your account is open.

For more detailed information, you can visit the Chase Investment Account page.