how to add beneficiary to chase bank account

Planning for the future is a responsible step in managing your finances, and one of the simplest yet most important actions you can take is designating a beneficiary for your bank accounts. This ensures your assets can be transferred smoothly to a loved one according to your wishes. If you bank with Chase, the process is designed to be straightforward, whether you prefer handling things online or with a little help.

Why Naming a Beneficiary is a Smart Move

Adding a beneficiary to your Chase savings or checking account provides a clear path for your funds outside of the often lengthy and complex probate process. It offers peace of mind, knowing that in a difficult time, your chosen person will have direct access to the account to handle final expenses or other immediate needs. This simple step can save your family significant time and stress.

Your Guide on How to Add Beneficiary to Chase Bank Account

The most convenient way to manage your beneficiaries is through the Chase Mobile® app or your online account. After logging in, navigate to the account you wish to update. Look for an option like “Account services” or “Account management,” where you should find a feature for “Beneficiaries.” From there, you can add new individuals, providing their full legal name, date of birth, and Social Security Number. You’ll also specify their relationship to you and the percentage of the account they should receive. Be sure to review all details carefully before submitting.

When a Visit to the Branch Makes Sense

While the online process is efficient, there are times when a visit to a local Chase branch is the best choice. If you’re setting up a complex arrangement with multiple beneficiaries, have questions about how this affects your overall estate plan, or simply prefer to work with a banker face-to-face, don’t hesitate to stop by. A banker can guide you through the paperwork and ensure everything is set up exactly as you intend.

Keeping Your Beneficiary Choices Current

Life brings changes, and your beneficiary designations should reflect that. It’s a good habit to review your named beneficiaries every couple of years or after a major life event, such as a marriage, divorce, or birth of a child. Updating your choices is just as easy as setting them up initially through your online profile or with the help of a banker.

Taking a few minutes today to add or review your beneficiaries is a powerful act of care for your family’s future. It’s a simple process that provides invaluable clarity and security for the people who matter most.