Chase UK

Chase
TypeDivision
IndustryFinancial services
Founded2021
Headquarters25 Bank Street,
London
,
United Kingdom
Key peopleKuba Fast (CEO)
ServicesRetail banking
RevenueDecrease £1,151.0 million  (2025)
Increase £158.9 million  (2025)
Increase £114.2 million  (2025)
Total assetsIncrease £29,435.9 million  (2025)
Total equityIncrease £2,593.9 million  (2025)
OwnerJPMorgan Chase
Number of employees
Increase 1,000
ParentJ.P. Morgan Europe Limited
Websitechase.co.uk

Chase is a British-based online bank brand operating as a division of J.P. Morgan Europe Limited. As of December 2025, Chase reported having more than 2.5 million customers and customer deposits exceeding £26 billion.

History

In January 2021, JPMorgan Chase announced that it was to enter the British retail banking sector, under the Chase brand, later that year, establishing its first non-American retail banking operation in its history. The first Chase branded products in the UK were launched in September 2021.

It was named the fastest-growing fintech app in 2022, beating the likes of Starling and Monzo. 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.

In September 2023, Chase announced it would ban all cryptocurrency purchases made from 16 October 2023.

Services

The Chase current account was launched in September 2021. The account allows customers to send and receive money via Faster Payments and since March 2022, the option to pay by direct debits. Chase plans to launch further products in the next three to four years including, savings, investment accounts, personal lending and mortgages. A savings account was launched in March 2022 and a credit card in November 2024.

See also

References

  1. 1 2 3 4 5 6 "Full accounts made up to 31 December 2025".
  2. ↑ "Chase exceeds one million U.K. customers as it marks first anniversary".
  3. ↑ "JPMorgan Chase to launch digital consumer banking in the U.K."
  4. ↑ Megaw, Nicholas; Morris, Stephen (16 September 2021). "JPMorgan to open digital retail bank in UK". Financial Times.
  5. ↑ Stefania Spezzati (21 September 2021). "JPMorgan Joins U.K. Consumer Market With New Digital Bank". Bloomberg. Retrieved 12 October 2021.
  6. ↑ "JP Morgan's Chase UK fastest growing fintech app in 2022". AltFi. 18 January 2023. Retrieved 2023-05-23.
  7. ↑ "Chase UK hits £15bn, reaches 1.6m customers". FFNews. 22 May 2023. Retrieved 2025-06-04.
  8. ↑ Asgari, Nikou; Venkataramakrishnan, Siddharth (26 September 2023). "Chase UK to ban cryptocurrency purchases over fraud fears". Financial Times. Retrieved 26 September 2023.
  9. ↑ "Make more of every day". Chase. Retrieved 12 October 2012.
  10. ↑ "Direct Debits". Chase.
  11. ↑ Megaw, Nicholas; Morris, Stephen (16 September 2021). "JPMorgan to open digital retail bank in UK". Financial Times. Retrieved 12 October 2021.
  12. ↑ "Chase saver account". Chase. Retrieved May 7, 2022.
  13. ↑ https://www.chase.co.uk/gb/en/product/chase-credit-card/