Initially, the card will be rolled out in 200 branches, and later the bank will provide to all its branches across the US.
Chase Consumer and Business Banking CEO Todd Maclin said that the bank is working hard to deliver great service to all of its customers, and to create a wider range of products that meet many different needs.
"Chase Liquid will be a terrific option for customers who want a prepaid card and also want the security and convenience of Chase. Chase Liquid’s affordability and transparency will set a new industry standard for prepaid products,’ Maclin added.
The users will have to pay a monthly fee of $4.95 and does not charge customers anything additional for making withdrawals and deposits at Chase ATMs and branches, or for numerous purchasing.
According to the bank, consumers can withdraw cash at Chase’s 17,500 ATMs and 5,500 branches throughout the US, transfer funds to their Chase Liquid card from Chase accounts on Chase.com or at Chase ATMs and receive online or paper statement.
The consumers without holding a checking or savings account with Chase can get the card, in which they will have to maintain a low initial deposit of $25.
