Chase UK
Online bank brand
From Wikipedia, the free encyclopedia
Chase is a British-based online bank brand operating as a division of J.P. Morgan Europe Limited. As of February 2025, Chase reported having more than 2.5 million customers.[3]
 | |
| Company type | Division |
|---|---|
| Industry | Financial services |
| Founded | 2021 |
| Headquarters | 25 Bank Street, , |
Key people | Kuba Fast (CEO) |
| Services | Retail banking |
| Revenue |  £1,231.5 million [1] (2024) |
| £37.0 million [1] (2024) | |
| £26.7 million [1] (2024) | |
| Total assets | £25,449.9 million [1] (2024) |
| Total equity | £2,326.9 million [1] (2024) |
| Owner | JPMorgan Chase |
Number of employees | 1,000[2] |
| Parent | J.P. Morgan Europe Limited |
| Website | chase |
History
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
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, investment accounts, personal lending and mortgages.[12] A savings account was launched in March 2022[13] and a credit card in November 2024.[14]