Chase UK
JPMorgan's UK digital bank.
- Who holds it
- A sponsor bank behind the brand — not the app you signed up with — UK subsidiary of JPMorgan.
- The ledger
- Split between a program manager and the sponsor bank — the modular setup that broke in Synapse.
- If it fails
- Any claim runs through the sponsor bank, and only works if the two ledgers reconcile.
Derived from Chase UK’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional |
| HQ | London, UK |
| Founded | 2021 |
| Custody | Custodial |
| Regulation type | Partner-bank model |
| License detail | UK subsidiary of JPMorgan |
| Card | Visa · Debit |
| Cashback | 1% |
| Yield | ~4-5% saver |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Europe |
| Countries | United Kingdom |
Verified links: official site ↗ · terms ↗ · privacy ↗ · @ChaseUK ↗
Common questions about Chase UK
What is Chase UK?
Chase UK is a fiat neobank, headquartered in London, UK and founded in 2021. Your money is held custodially, so Chase UK or its partner bank holds the balance and you hold a claim on it. It operates on a partner-bank model (UK subsidiary of JPMorgan).
Does Chase UK have a card, and where can you use it?
It issues a Visa debit card. It is available in Europe.
Does Chase UK require KYC?
Yes. Chase UK requires identity verification (KYC) to open an account, as a partner-bank model.
What does Chase UK cost?
From the verified fields: cashback 1%; yield ~4-5% saver. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Chase UK before relying on them.
Peers
Monzo · Wise · Starling Bank · Atom Bank · Zopa Bank · Kroo
Chase UK appears in
Neobanks running on someone else’s banking license (81) · Neobanks available in Europe (144) · Neobanks that issue a Visa card (182) · Neobanks in United Kingdom (29)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.