Funding Your Chase You Invest Account: Easy Steps To Follow

There are several ways to fund your Chase You Invest account. You can move cash instantly from a Chase checking or savings account to your J.P. Morgan Wealth Management account as often as you want. You can also transfer investments from another financial institution with their simple online tool. You can also deposit checks directly into your general investment account or IRA through the Chase Mobile app. Lastly, you can explore rolling over your 401(k) from a former employer to a J.P. Morgan IRA.

Move cash from your Chase account

Moving cash from your Chase account to your J.P. Morgan Wealth Management account is simple and instant. You can do it as often as you like, and there is no fee charged by J.P. Morgan. You can also set up repeating transfers from your Chase account to your investment account.

To move cash from your Chase account, you can use the Chase Mobile® app or go to chase.com. Transfers submitted before 4:30 PM ET on a business day are instant.

If you are transferring from an external bank account, funds are usually available within 1 to 3 business days. Your bank may charge a fee for the transfer, so be sure to check with them first.

Transfer investments from another institution

To transfer investments from another institution to your Chase You Invest account, you can transfer them online or by mail.

Online Transfer

To transfer investments online, you will need:

• Your username and password for the account you are transferring from.
• A copy of your external account statement dated within the last 90 days.

Please note that transfer requests that exceed account balance minimums may be rejected by your external firm. You should check with your external firm about these limits before initiating a request.

You can only make transfers between IRAs of the same type that have the same owner. For example, John Smith’s Traditional IRA to John Smith’s Traditional IRA.

Online transfers from external investment accounts typically take 3 to 5 business days. Transfers that require additional information or are paper-based may take 20 business days or longer.

Transfer by Mail

For all other account types—including joint accounts—you must print, sign, and mail a completed Account Transfer Form (PDF), with an account statement from the external firm dated within the last 90 days.

Please note that you can only transfer assets online between the same types of accounts with the same account holder. For example, from John Smith's Traditional IRA to John Smith's Traditional IRA.

Fees

J.P. Morgan does not charge any fees for incoming transfers. However, the institution that you are moving assets out of may charge a fee, so you should check with them before scheduling a transfer.

Instantly move cash from Chase checking/savings accounts

Instantly moving cash from your Chase checking or savings account is simple. You can set up one-time or repeating transfers between your Chase accounts in the Chase Mobile® app. Here's a step-by-step guide:

• Sign in to the Chase Mobile® app and tap "Pay & Transfer".
• Tap "Transfer" and then select "Account or Brokerage Transfer".
• Choose the accounts you want to transfer funds from and to. For example, you can select your Chase checking account as the source and your investment account as the destination.
• Enter the transfer date and amount, and add an optional memo.
• Tap "Transfer" again and confirm the automatic transfer service.

Your funds will be instantly available if you submit the transfer request on a business day before 4:30 PM ET. This instant transfer feature is convenient for quickly moving cash between your Chase accounts, such as from your checking or savings account to your investment account.

It's important to note that while you can withdraw money from your savings account at any time, some financial institutions may impose a monthly limit on the number of "convenient" transactions. These transactions typically include wire transfers, ATM withdrawals, or in-person withdrawals at a branch. Exceeding these limits may result in fees, reclassification of your account, or even account closure. Therefore, it's recommended to check with your bank to understand which transactions count towards the limit and avoid any unexpected charges.

Deposit checks with Chase QuickDeposit

To deposit a check with Chase QuickDeposit, you will need to use the Chase Mobile® app. Here is a step-by-step guide:

• Sign in to the Chase Mobile® app and tap "Pay & Transfer".
• Select "Deposit checks" and choose the account where you want your deposit to go.
• Enter the deposit amount.
• Tap "Front" and take a clear photo of the front of the check.
• Endorse your check, then tap "Next," and take a photo of the back of the check.
• Once you have captured photos of your check, review the deposit amount and check details.
• Select “Next” and “Deposit” to confirm.

If you are depositing a check from your previous employer's retirement plan, you will need to choose the "Direct Rollover" option. If you are depositing a check from your personal account, choose the "Indirect Rollover" option.

You can also use the Chase QuickDeposit Scanner to deposit checks. Here's how:

• Sign in to your account.
• Choose "Collect & deposit", then choose "Deposit Checks".
• Enter deposit details, then load check(s) into the scanner.
• Wait for the scanner indicator light, then choose "Start scanning".
• After all the checks have been scanned, choose "I’m done scanning".
• When you’re done scanning and making edits, choose "Next".
• Choose "Send deposit" to complete.

Explore rolling over your 401(k) from a former employer

If you've decided to leave your current job for another, you will need to decide what to do with the money that you have invested in your current company's 401(k) plan. Options typically include leaving it where it is, rolling it over to a new employer's plan, or opting for an individual retirement account (IRA) rollover.

Leaving it where it is

Most companies allow you to keep your retirement savings in their plans after you leave. Your money will have the chance to continue to grow tax-advantaged, and you can take penalty-free withdrawals if you left your former job at age 55 or older. However, you won't be able to add any more money to the account, and your withdrawal options may be limited.

Rolling it over to a new employer's plan

In most cases, you can merge your old 401(k) with your new one. This can be beneficial as it gives you more control and makes your accounts easier to manage. Your new plan might also have better investments and lower fees than your old one. However, you will need to investigate the benefits of your new plan relative to your old one, and there may be some administrative steps involved in setting up the rollover.

Opting for an IRA rollover

Rolling over your 401(k) to an IRA will give you access to a broader range of investment choices. It also gives you more freedom as it's separate from any employment arrangement and under your complete control. However, you will lose access to the Rule of 55, which allows you to take penalty-free distributions from your 401(k) if you retire at age 55, and you will have slightly lower creditor protection.

How to fund a Chase You Invest account

You can fund a Chase You Invest account by transferring cash, transferring investments, or rolling over retirement assets. There are no fees for internal transfers, but your external bank may charge a fee for transferring cash. You can also make IRA contributions.

Frequently asked questions