Just a month after launching in the UK, JP Morgan is turning off Chase’s wait list for new customers.
If you’ve been waiting to try out JP Morgan’s Chase challenger bank in the UK, now is probably a good time, as the wait list for new customers has just been switched off.
Just five weeks after launching, Chase said its current account is now immediately available for all new customers to sign-up from the app store.
Since launch Chase has racked up some 10,000+ downloads on the Google Play store and at the time of writing is currently ranked 86th in the finance category of Apple’s App Store—just below Monese and Cashplus.
Our first look at Chase’s UK app found it to be “slick and easy to use (if a little barren)” but holding a solid promise of adding new features from its US banking parent company.
The Chase current account has launched with a rewards programme offering 1 per cent cashback on all eligible debit card spending for 12 months.
In addition, small change round-ups will earn 5 per cent interest for 12 months.
Across the pond JP Morgan Chase is currently using the core banking tech from Thought Machine to overhaul its US retail network.
It’s too early to label Chase UK as a success (or failure) of JP Morgan’s neobanking ambitions, but today’s removal of restrictions will certainly open up the app for more people to try it.