 | |
| 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.co.uk |
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]
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]
See also
References
- ^ a b c d e "Annual Report 2024".
- ^ "Chase exceeds one million U.K. customers as it marks first anniversary".
- ^ Wise, Anna (2025-02-17). "Chase overtakes Monzo as Britain's favourite bank, survey shows". The Standard. Retrieved 2025-11-07.
- ^ "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/
