NEW YORK – July 10, 2012 – Chase LiquidSM, a new reloadable card that offers customers financial control and flexibility with the convenience of Chase's extensive branch and ATM network, is now available to consumers at all of Chase's 5,500 branches from coast to coast.
"Consumers are looking for an affordable and predictable way to manage their money," said Ryan McInerney, CEO of Consumer Banking. "Chase Liquid is a low-cost alternative to traditional checking accounts and its convenience and pricing transparency sets a new standard for prepaid products."
Customers can make purchases anywhere Visa® is accepted. Chase Liquid comes with a flat monthly fee of $4.95 and there is no additional charge to:
Customers receive a clear and simple one-page disclosure, which incorporates leading consumer group disclosure recommendations, allowing them to plainly see a description of fees and when deposits are available. There are no overdraft fees and no minimum balances to maintain the account – only a low initial deposit of $25 is required.
"Customers can use Chase Liquid to make everyday purchases, pay bills and more, without any surprise charges," McInerney added.
Chase Liquid is FDIC-insured and offers reimbursement for unauthorized purchases and withdrawals. More information is available at www.chase.com/liquid.
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co., a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. Chase serves more than 50 million consumers and small businesses through more than 5,500 bank branches, 17,500 ATMs, credit cards, mortgage offices, and online and mobile banking as well as through relationships with auto dealerships. More information about Chase is available at www.chase.com.