IRAs at Chase Bank and J.P. Morgan Chase
Key points:
• Chase Bank does not currently open new bank IRA accounts.
• The company’s low-cost securities division J.P. Morgan Self-Directed Investing does offer IRAs.
• An IRA at J.P. Morgan Self-Directed Investing has a $75 termination fee.
If you’re looking for an affordable way to save for retirement, J.P. Morgan may have a solution for you. This article will go over the company’s IRA features.
Overview of IRAs at Chase Bank
Chase Bank is J.P. Morgan’s banking unit. Chase Bank does not currently offer new Individual Retirement Accounts as a regular bank product, although legacy retirement deposit accounts can still be serviced. An IRA with Chase Bank opened before the company shut down its IRA service (March, 2017) can be maintained at Chase.
Overview of IRAs at J.P. Morgan Self-Directed Investing
In addition to Chase Bank, J.P. Morgan also operates J.P. Morgan Self-Directed Investing. This online discount
broker does offer IRAs. An IRA with J.P. Morgan Investing can be opened in either Roth or
Traditional format. Unfortunately, other types of IRAs, such as SEP or SIMPLE IRAs, are not available, and custodial
accounts are not offered.
A retirement account at J.P. Morgan Self-Directed Investing is exactly what it sounds like: self directed. This arm of J.P. Morgan does not provide financial planning or investment advice.
Available Investments for IRAs
A retirement account at J.P. Morgan Self-Directed Investing has access to the same menu of securities that other account registrations receive. The lineup includes stocks, options, bonds, Treasuries, and funds (mutual, money market, and exchange-traded).
The mutual-fund category includes 29 securities that are target-date funds. These are investment vehicles designed for retirement saving. These 29 funds are provided by a variety of fund families, including Putnam, T. Rowe Price, and Vanguard.
Margin
J.P. Morgan Self-Directed Investing does not offer limited margin or any other form of margin for tax-sheltered accounts.
Opening an IRA with J.P. Morgan Self-Directed Investing
Opening an IRA with J.P. Morgan Investing is a pretty straightforward process. Simply head to chase.com and go to the J.P. Morgan investing section. From there, move to the retirement or IRA area.
On the next page, you’ll see an option to open a retirement account. Choose the path to invest on your own to open the IRA as a J.P. Morgan Self-Directed Investing account.
On the next page, you’ll see a promotion to score a bonus of up to $1,000 for a qualifying deposit or transfer. On this page, scroll down to find the option to open either a Roth or Traditional IRA. Click on the one you want and follow the on-screen prompts to provide all required information.
Required details include name, U.S. home address, employer’s name and mailing address, and identifying information. J.P. Morgan Investing also requires applicants to be at least 18 years old and have a valid Social Security Number or other eligible Taxpayer Identification Number. The firm may also ask for a driver’s license or state-issued ID.
A soft inquiry may be performed during the application. Be sure to unfreeze any credit reports to allow this inquiry to go through; otherwise, the application may be rejected.
Funding an IRA at Chase
A retirement account in either Roth or Traditional format at J.P. Morgan Self-Directed Investing can be funded in a variety of ways. The brokerage house accepts cash transfers, incoming investment transfers, retirement rollovers, and paper-check deposits through the Chase mobile app.
Transferring or Rolling Over another Retirement Account
If you happen to have a second IRA at another brokerage firm or a Qualified Retirement Plan at a former employer (a 401k or 403b, for example), J.P. Morgan Self-Directed Investing will let you roll over or transfer the account into the new IRA with them.
For a QRP, you first need to have an eligible IRA at J.P. Morgan. After that, you can follow Chase’s rollover instructions and work with the former plan administrator to move the assets into the new IRA.
For the IRA transfer, J.P. Morgan says you can transfer securities and/or cash from an outside firm into a matching J.P. Morgan IRA. In some cases, the process can be started online, while IRA rollovers and certain transfers may require the Account Transfer Form on the Brokerage Forms page.
Retirement Education
Once your new IRA is set up the way you want it, it’s time to begin investing. There is a large collection of educational material under the “Investments” tab at the top of the website. Here, you can find news articles, events, weekly economic reports, commentary, and much more. The “Investing Insights” link under the Investments tab has a retirement hub with articles and videos on a wide range of topics. Here are some examples we found:
• Social Security rules for married, divorced and widowed people
• How an annuity can help you plan for retirement
Chase IRA Pricing
An IRA at J.P. Morgan Investing has the same fee schedule as other accounts. This means most online trades have zero commissions. Secondary-market corporate, municipal, agency bonds, and brokered CDs cost $10 per trade plus $1 per bond over 10 bonds, while new-issue brokered CDs are free to trade. The one sticking point here is the broker’s $75 IRA closeout fee. There is no annual IRA fee, though.
See all J.P. Morgan Investing fees.
Best Brokers For IRA
Chase IRA Review Judgment
J.P. Morgan Self-Directed Investing has a decent IRA service with a few flaws that will send some
folks elsewhere.
Updated on 3/27/2026.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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