Chase UK
 | |
| Company type | Division |
|---|---|
| Industry | Financial services |
| Founded | 2021 |
| Headquarters | 25 Bank Street, , |
Key people | Kuba Fast (CEO) |
| Services | Retail banking |
| Owner | JPMorgan Chase |
Number of employees |  1,000 |
| Parent | J.P. Morgan Europe Limited |
| Website | chase |
| Footnotes / references [1][2][3] | |
Chase is a British-based online bank brand operating as a division of J.P. Morgan Europe Limited.
History
[edit]In January 2021, JPMorgan Chase announced that it was to enter the British retail banking sector, under the Chase brand, later that year,[4] establishing its first non-American retail banking operation in its history.[5] The first Chase-branded products in the UK were launched in September 2021.[6]
It was named the fastest-growing fintech app in 2022, beating the likes of Starling and Monzo.[7] 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.[8]
In September 2023, Chase announced it would ban all cryptocurrency purchases made from 16 October 2023.[9]
Services
[edit]The Chase current account was launched in September 2021.[10] The account allows customers to send and receive money via Faster Payments and since March 2022, the option to pay by direct debits.[11] Chase plans to launch further products in the next three to four years including, savings and investment accounts, personal lending, and mortgage loans.[12] A savings account was launched in March 2022[13] and a credit card in November 2024.[14]
See also
[edit]References
[edit]- ^ "'It was pure accident': how Chase UK's boss went from communist Poland to Wall Street banking … via linguistics".
- ^ "Chase exceeds one million U.K. customers as it marks first anniversary".
- ^ "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.
- ^ https://www.chase.co.uk/gb/en/product/chase-credit-card/
