Chase Liquid Card

Chase Liquid CardChase Bank is taking the prepaid card industry by storm with the release of their new Liquid Card. Prepaid cards are not new to the banking market, but it seems that Chase is offering benefits that are hard to compete against. According to their website, they describe the card as “The reloadable card that gets rid of prepaid problems.”

Let’s first start with the benefits of the Chase Liquid Card:

  • Get approved regardless of ChexSystems or bad credit
  • Fast and easy application process
  • No fees to open or activate
  • Minimum deposit of $25
  • Direct deposit option
  • Only $4.95 per month
  • Free online bill pay
  • VISA® debit card
  • FDIC-insured

Some additional perks:

  • Deposit cash or checks at any Chase DepositFriendlySM ATM
  • Deposit checks using Chase QuickDepositSM on your mobile device
  • Deposit cash or checks at any Chase branch
  • Withdraw cash at any Chase branch or ATM, free of charge
  • Only $4.95 per month – no hidden fees
  • Chase customer support


  • Two forms of ID including a valid photo ID (driver’s license, passport, etc.)
  • Initial load of $25 or more to your local branch

Now, that’s a super-charged prepaid card! It really doesn’t get much closer than that to a regular checking account offered by a local bank. In fact, the fee is actually lower than most regular or Second Chance checking accounts out there. The Chase Liquid Card is a definitely worth checking out if you have a ChexSystems record and struggling to open a checking account.

Update: I’m updating my final thoughts on this card for the time being. Upon initial review of the card, it seemed like an awesome alternative to a checking account, but based on feedback from people who have applied for the card, it doesn’t seem like people are getting approved if they have a record on ChexSystems. Why would Chase Bank deny people for a prepaid card when there is little risk on their part? I’ve never heard of a prepaid card that denies people due to a ChexSystems record. Until I hear better news about the Liquid Card, I can’t recommend people apply for it.