JPMorgan Chase & Co.
Aug 31, 2004

New Chase, Bank One checking accounts help college, high school students manage money

CHICAGO, August 31, 2004 - Bank One and Chase have created student checking accounts designed to help high school and college-bound children of bank customers manage their money.

The free accounts include special benefits such as free ATM withdrawals, free debit cards and no minimum balances and no monthly service fees. The student's parent or legal guardian must have a qualifying Bank One or Chase checking account.

"Most teens and young adults look to their parents for key financial advice, and we want parents to know we have the products and services that can help them teach their children about banking," said Michael Cleary, head of retail marketing for Bank One and Chase.

"Offering College Checking and High School Checking gives us an opportunity to reward existing customers and help deepen our relationships with them, and to reach out to a new generation of customers."

The company has opened more than 2,000 College and High School Checking accounts since introducing the products last month.

College Checking

College Checking, now available in all Chase and Bank One locations nationwide, features: High School Checking

High School Checking, available at all Bank One locations nationwide, is designed for students age 15 to 18 and requires the student's parent or legal guardian to sign on as a co-owner of the account. Many banks do not allow teenagers to have checking accounts. Features of the account include: In addition to College and High School Checking, Bank One and Chase offer students a full array of financial products, including special student credit cards and education loan products.

"Offering these accounts helps us establish a relationship with students," Cleary said. "Our goal is to establish the relationship and then expand it once the student graduates and joins the workforce."

Bank One Corp. merged with JPMorgan Chase & Co. July 1, 2004. Bank One branches nationwide will convert to the Chase brand in 2005.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.1 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. has its corporate headquarters in New York and its U.S. retail financial services and commercial banking headquarters in Chicago. Under the JPMorgan, Chase and Bank One brands, the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients. Information about the firm is available at www.jpmorganchase.com.