Chase International Student Account: Benefits, Requirements, Process

As an international student studying in the United States, managing finances can be a daunting task. Studying abroad is a once-in-a-lifetime experience and these minute hindrances may ruin the experience. To solve this problem Chase International Student Account made their whole account opening process simple and easy to manage. In this blog, we will cover everything related to Chase International Student Account so don’t miss out on this valuable information and continue reading.

About Chase International Student Account

Before we dive into more details let’s understand what Chase International Student Account actually is. It is a special type of account designed specifically for international students who are studying in the United States. It offers many benefits that are tailored to meet the unique needs of these individuals. With this account, students can easily manage their finances without worrying about hidden fees or long processing times. One major benefit of this student account is that there are no monthly service fees for up to 5 years.

This means that students can focus on their studies without worrying about additional expenses piling up. 

Also Read- 5 Safest Ways to Carry Money Abroad

Benefits of Chase International Student Account

Here are some of the key benefits of choosing the Chase International Student Account:

• There is No Monthly Service Fee for up to 5 Years- This means that you won’t have to worry about unexpected charges eating into your already limited budget. This also allows you to focus on your studies without worrying about bank fees

• Free Online Banking and Mobile Banking App- You will always have the flexibility to use free online banking and a mobile banking app, anywhere at any time

• Access to over 16,000 ATMs and 4,700 Branches Nationwide- You will have  access to over 16,000 ATMs nationwide and 4,700 branches spread across different states in the US

• Send and Receive Money Internationally with No Fees- There is no hidden convenience fee, or conversion charges when you use a Chase International Student Account. This gives you the ability to do International Money Transfers without paying any additional charges

Eligibility Criteria

Here are the basic eligibility criteria that you need to fulfil to open this student account:

• You will need to provide official government-issued photo identification. Example- Aadhar Card
• You need to have a valid Student ID card issued by a US University
• You will need to provide documental proof of your current U.S address
• You can be asked for your Enrollment Verification Letter (if necessary)
• As an applicant, your age should be at least 18 years
• You also need to have a valid passport

How to Open a Chase International Student Account

Here is a simple and straightforward guide that you can follow to Open this student account:

• Visit the Chase website and click on “Open an account”.
• Select “Chase College Checking” as the type of account you want to open.
• Fill out the online application form with your personal and contact information, such as name, address, phone number, email address, and Social Security number.
• Review and agree to the terms and conditions of the account.
• Provide proof of your student status and expected graduation date by uploading the required documents.
• Fund your account with an opening deposit using a debit card, credit card, or transfer from another bank account.
• Confirm your application and receive your confirmation email.

Also Read- Best International Debit Cards for Students

Chase student account fees

Although, Chase International Student Account, doesn’t have any hidden fees or extra convenience fees which is extremely beneficial for students, here are some fees which will be applicable if you want to maintain your Chase Student Account:

• 3% Chargeable fees while withdrawing any amount through an ATM (foreign exchange rate adjustment fee)
• To access the overdraft facility you need to pay up to USD 34 ie. (INR 2,800) per transaction

Other Chase Student Account Fees

Here is a list of other Chase International Student Account Fees, take a look at them below!

Service	Fees
Account maintenance fees	USD 6/ Monthly, Chargeable from 5th Year
ATM fees	No Charges in Chase ATMs, but it’s chargeable up to USD 2.5 ie. (INR 200) when using a Non-Chase ATM in the US, and USD 5 ie. (INR 410) when using Non-Chase ATM outside the US plus a foreign exchange rate
Foreign exchange rate adjustment fee	3% fees applied on any USD conversion charges

Additional Benefits of a Chase International Student Account

Here are a few additional benefits of having a Chase International Student Account:

• Direct deposit– This allows you to receive payments from employers, scholarships, grants, or other sources directly into your account without delays or fees
• Zero Liability Protection– This protects you from unauthorized card transactions when reported promptly
• Zelle– This is an app-specific feature that enables you to send money to family and friends in moments without waiting for days and without paying any additional charges
• User Experience– This is not exactly a feature but you can understand money basics and improve your financial skills through tailored content and experiences with this account.

FAQs 

This was all about Chase International Student Account. Reach out to Fly Finance for all finance-related concerns to simplify your study abroad experience with zero hindrances.