IRAs at Chase Bank and JPMorgan Chase
Key points:
• Chase Bank no longer offers Individual Retirement Accounts (IRAs).
• 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 searching for an affordable way to save for retirement, JPMorgan might have what you need. This article will explore the features of the company’s IRA options.
Overview of IRAs at Chase Bank
Chase Bank is JPMorgan’s banking division. Chase Bank no longer offers Individual Retirement Accounts in any form—whether CD, money market, savings, or other types. IRAs opened with Chase Bank before the company discontinued its IRA services in March 2017 can still be maintained with them.
Overview of IRAs at J.P. Morgan Self-Directed Investing
In addition to Chase Bank, JPMorgan runs J.P. Morgan Self-Directed Investing, which does offer IRAs. An IRA with J.P. Morgan Self-Directed Investing can be set up as either a Roth or Traditional account. Unfortunately, other IRA types such as SEP, SIMPLE, or Minor accounts are not offered.
A retirement account at J.P. Morgan Self-Directed Investing is designed to be self-managed. This division of JPMorgan does not provide financial advice or planning services.
Available Investments for IRAs
Retirement accounts at J.P. Morgan Self-Directed Investing offer access to the same variety of securities available in other account types. These include equities, options, bonds, and mutual funds, as well as exchange-traded funds.
The mutual fund category includes 29 target-date funds, which are designed for retirement saving. These funds are provided by a range of fund families, such as Putnam, T. Rowe Price, and Vanguard.
Margin
J.P. Morgan Self-Directed Investing does not offer limited margin or any form of margin for tax-advantaged accounts.
Opening an IRA with J.P. Morgan Self-Directed Investing
Setting up an IRA with J.P. Morgan Investing is a simple process. Visit chase.com and click on the “Investing by J.P. Morgan” option in the main menu. In the drop-down menu, select the “Retirement and IRAs” link.
Next, you’ll find a button to open a retirement account. Click on this button and select the option to manage the account yourself to open the IRA as a J.P. Morgan Self-Directed Investing account.
On the following page, you’ll see a promotion offering up to $700 for a qualifying deposit or transfer. Scroll down to click on a green button to open either a Roth or Traditional IRA. Choose your option and follow the on-screen instructions to provide necessary details.
Required details include your name, address, and phone number. J.P. Morgan Investing also asks for U.S. citizenship, a Green Card, or lawful resident alien status. Regardless of status, a Social Security Number and U.S. residential address are needed.
A soft inquiry may be done during the application. If your credit report is frozen, ensure it is unfrozen so the inquiry can go through; otherwise, your application may be rejected.
Funding an IRA at Chase
A retirement account at J.P. Morgan Self-Directed Investing, whether Roth or Traditional, can be funded in several ways. The brokerage accepts wire transfers and ACH network deposits. You can also deposit paper checks through the Chase mobile app.
Transferring or Rolling Over another Retirement Account
If you have another IRA at a different brokerage or a Qualified Retirement Plan from a former employer (such as a 401k or 403b), you can transfer or roll over the account into your new IRA at J.P. Morgan Self-Directed Investing.
For a Qualified Retirement Plan, contact the plan administrator from your previous employer and provide them with your J.P. Morgan account number. For details on how to do this rollover, click on the “Investments” tab on the Chase website after logging in and select the rollover option to an IRA.
For IRA transfers, open the Chase app, tap the “Pay & Transfer” icon at the bottom, then tap “Transfer” at the top of the screen. Choose the option to transfer in securities. On the next page, select “Transfer external investments” and follow the instructions.
Retirement Education
Once your new IRA is set up, you can start investing. Under the “Investments” tab on the website, you’ll find a variety of educational resources. These include news articles, events, weekly economic reports, commentary, and more. The “Investing Insights” link under this tab features a retirement hub with articles and videos on several topics. Some examples include:
• Social Security rules for married, divorced, and widowed individuals
• How an annuity can assist in retirement planning
Chase IRA Pricing
IRAs at J.P. Morgan Investing follow the same fee structure as other accounts. This means that most online trades have no commission. Some bond trades incur a $1 fee per trade, although brokered CDs are free to trade. The main fee to note is the $75 IRA closure fee. There is no annual fee for maintaining an IRA.
See all J.P. Morgan Investing fees.
Best Brokers for IRA
Chase IRA Review Judgment
J.P. Morgan Self-Directed Investing offers a solid IRA service, though some drawbacks may cause certain individuals to consider other options.
Updated on 1/17/2026.
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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