Just a month after its UK launch, JP Morgan is turning off Chase’s waitlist for new customers.
Image source: Chase.
If you’ve been waiting to try JP Morgan’s bank challenger Chase in the UK, it’s probably a good time as the waiting list for new customers has just been deactivated.
Just five weeks after its launch, Chase said its checking account is now immediately available to all new customers wanting to sign up from the App Store.
Since its launch, Chase has racked up over 10,000 downloads from the Google Play Store and at the time of writing, it is currently ranked 86th in the finance category of the Apple App Store, just below Monese. and Cashplus.
Our first look at Chase’s UK app found it to be “straightforward and easy to use (albeit a bit sterile)”, but steadfastly promising to add new functionality from its parent US banking company. .
The Chase checking account was launched with a rewards program offering 1% cash back on all eligible debit card spending for 12 months.
Plus, loose change roundups will earn 5% interest for 12 months.
Earlier this month, JP Morgan’s UK firm was also found to be powered by technology from 10x Banking Technologies, the fintech founded by Antony Jenkins, former CEO of Barclays Group.
Across the pond, JP Morgan Chase is currently using Thought Machine core banking technology to overhaul its retail network in the United States.
It’s too early to call Chase UK the success (or failure) of JP Morgan’s neobanking ambitions, but today’s removal of restrictions will certainly open the app to more people to try it out.