J.P. Morgan Wealth Management Introduces QuickDeposit for Investments
J.P. Morgan Wealth Management has introduced QuickDeposit for Investments, allowing clients to deposit checks into their investment accounts via the Chase Mobile app. This feature enhances digital investment capabilities, enabling deposits up to $100,000 for taxable accounts and $500,000 for retirement accounts every 30 days. Quick deposits are typically available within 24 hours. J.P. Morgan ranked #1 in Customer Satisfaction for Wealth Management Digital Channels in the J.D. Power 2022 study. This launch follows their December 2022 release of the Wealth Plan, a free digital financial coach.
- Introduction of QuickDeposit for Investments enhances client convenience and digital investment capabilities.
- Clients can deposit checks up to $100,000 for taxable accounts and $500,000 for retirement accounts every 30 days.
- Deposits generally available for investment within 24 hours, improving cash flow for investors.
- J.P. Morgan ranked #1 in Customer Satisfaction in the J.D. Power 2022 study, indicating strong client approval.
- None.
Clients can fund their investment accounts more easily and quickly via the mobile app
Now clients can click “Deposit Checks” on the Home or Pay & Transfer tabs in the Chase Mobile app, take a photo of the check and have their funds deposited in their investment account within 24 hours. This is another step in J.P. Morgan Wealth Management’s journey to building out its digital investment capabilities.
“QuickDeposit for banking has always been one of our most popular features,” said
Examples of QuickDeposit for Investments transactions include:
- Deposits into taxable investment accounts
-
Contributions into Traditional or
Roth IRAs - Rolling over a 401(k) or other employer-sponsored retirement plan into an IRA (must be “like” accounts; both pre-tax or both post-tax)
- Transferring an IRA at another firm to J.P. Morgan Wealth Management (must be “like” accounts; both pre-tax or both post-tax)
“We know that most of our clients across the wealth spectrum like to handle basic transactions digitally, whether they work with a financial advisor or invest on their own,” said
J.P. Morgan Wealth Management offers a full spectrum of services and products for clients to plan and invest. They can invest digitally online, remotely over video or phone with an advisor, or in-person with an advisor in an office or local Chase branch.
J.P. Morgan Wealth Management ranked #1 in Customer Satisfaction with Wealth Management Digital Channels in the
In
Accounts eligible for QuickDeposit for Investments include brokerage and managed accounts; individual or joint, taxable, traditional IRAs or
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