Chase UK
 | |
| Company type | Division of J.P. Morgan Europe Limited |
|---|---|
| Industry | Financial services |
| Founded | 2021 |
| Headquarters | 25 Bank Street, , |
Key people | Marianne Lake (CEO)[1] |
| Services | Retail banking |
| Owner | JPMorgan Chase |
Number of employees |  1,000[2] |
| Website | chase |
Chase UK is a UK-based online bank brand operating as a division of J.P. Morgan Europe Limited.
History
[edit]In January 2021, JP Morgan Chase announced that it was to enter the UK retail banking sector, under the Chase brand, later that year,[3] establishing its first non-US retail banking operation in its history.[4] The first Chase branded products in the UK were launched in September 2021.[5] It was named the fastest-growing fintech app in 2022, beating the likes of Starling and Monzo.[6]
In May 2023, Chase announced it had attracted over 1.6 million customers since it launched in the UK, and held £15 billion in customer deposits.[7]
In September 2023, Chase announced it would ban all cryptocurrency purchases made from 16 October 2023.[8]
Services
[edit]The Chase branded app-based current account and linked savings account was launched in Late September 2021 .[9] The account allows customers to send and receive money via Faster Payments and since March 2022, the option to pay by direct debits.[10] Chase plans to launch further products in the next three to four years including, savings and investment accounts, personal lending and mortgage loans.[11] A savings account was launched in March 2022.[12]
References
[edit]- ^ "JPMorgan expands leadership contender Marianne Lake's responsibilities".
- ^ "Chase exceeds one million U.K. customers as it marks first anniversary".
- ^ "JPMorgan Chase to launch digital consumer banking in the U.K."
- ^ Megaw, Nicholas; Morris, Stephen (16 September 2021). "JPMorgan to open digital retail bank in UK". Financial Times.
- ^ Stefania Spezzati (21 September 2021). "JPMorgan Joins U.K. Consumer Market With New Digital Bank". Bloomberg. Retrieved 12 October 2021.
- ^ "JP Morgan's Chase UK fastest growing fintech app in 2022". AltFi. 18 January 2023. Retrieved 2023-05-23.
- ^ "Chase UK hits £15bn, reaches 1.6m customers". FFNews. 22 May 2023. Retrieved 2025-06-04.
- ^ Asgari, Nikou; Venkataramakrishnan, Siddharth (26 September 2023). "Chase UK to ban cryptocurrency purchases over fraud fears". Financial Times. Retrieved 26 September 2023.
- ^ "Make more of every day". Chase. Retrieved 12 October 2012.
- ^ "Direct Debits". Chase.
- ^ Megaw, Nicholas; Morris, Stephen (16 September 2021). "JPMorgan to open digital retail bank in UK". Financial Times. Retrieved 12 October 2021.
- ^ "Chase saver account". Chase. Retrieved May 7, 2022.