Published on August 26th, 2018 | by William Charles64
[Now Live] J.P. Morgan Chase Launches New App ‘You Invest’ Offering Free Trades
Update 8/26/18: Chase You Invest is now live. Everyone gets free 100 trades the first year. Premier checking accounts get free 100 trades every year. Sapphire Banking and Private Clients get free unlimited trades always.
CNBC is reporting that new week J.P. Morgan Chase will release a new digital investing service called ‘You Invest’ . Features of the new service include:
- 100 free trades in the first year for app and website users. Those with $15,000 held at the bank will receive 100 free trades annually (Chase Private Clients get unlimited free trades)
- Portfolio building tool
- Access to J.P. Morgan Chase’s stock research
After you hit your limit of free trades a fee of $2.95 per trade will be charged. Robinhood already offers free trades, so the value add seems to be that it’s connected to Chase banking and you get access to the other free tools. Chase Sapphire Banking is set to launch next week as well, if there is some sort of bonus for cashing out Chase Ultimate Rewards points to Chase’s investment arm then these free trades could become exceptionally useful to readers. J.P. Morgan Chase also plans to add a robo-advisor in January of 2019. Chase launched Finn by Chase in late 2017 in an attempt to get more millennial to sign up for an account.