Chase Premier Plus with Military Banking Benefits

Chase launched Military Banking, its latest initiative to support military personnel with special benefits. The premium checking account benefits typically reserved for high-balance customers are now available to active duty Armed Forces servicemembers along with members of the Guard and Reserve.

Current Chase military customers will be automatically upgraded to Chase Premier Plus with Military Banking Benefits on July 1. Military personnel qualify when they have their military base pay direct-deposited into their Chase account.

"Our servicemen and servicewomen deserve the very best Chase has to offer," said Todd Maclin, CEO of Retail Banking at Chase. "We are lowering the cost for military personnel to do their everyday banking wherever they are around the world."

The benefits of Chase Military Banking include:

- No monthly fee or balance requirements
- No Chase ATM withdrawal fee for using non-Chase ATMs anywhere in the world
- No Chase fee on incoming/outgoing wire transfers
- No fee for money orders, official checks and travelers checks at any of Chase's 5,300 branches
- Free Chase design checks
- Free safe deposit box
- Interest paid on the checking balances
- Chase Plus Savings with higher interest rates and no monthly service fee
- Two additional Chase Premier Plus Checking accounts with no monthly service fee

New Chase Military Banking customers will receive the benefits if they set up direct deposit of their military base pay. The deposit of allotments does not meet this requirement.

In addition, active duty servicemembers who own a small business can take advantage of special Business Banking offers that also begin July 1. The special military benefits include:

- Chase Business Select Checking with their monthly service fee waived
- Up to $500 off qualifying loans
- Waiver of Annual Fee on qualifying Lines of Credit
- Discounts on qualifying Small Business Administration Loans, including the SBA Patriot Express loan

Chase also launched a Military Mortgage program to provide military servicemembers significant financial advantages and customized offers on home loans, including:

- Low fees exclusively for military members, saving up to $495
- 1% Mortgage Cash Back(SM) for qualifying customers
- VA Loan Benefits
- Special mortgage servicing by certified military mortgage consultants