Q:

What are some services of J.P. Morgan Chase banks?

A:

Quick Answer

J.P. Morgan Chase serves consumer and commercial banking customers. Consumer banking services include bank accounts, home loans and investment services. Commercial banking provides business credit, equipment finance and real-estate solutions.

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Full Answer

In 2000, J.P. Morgan and Company merged with the Chase Manhattan Corporation, creating the largest banking institution in New York City. For consumers, Chase offers the Premier Plus and Premier Platinum checking accounts, both of which earn interest. Additionally, financial advisers provide portfolio analysis and offer adjustments, including IRAs, for consumers to meet retirement income goals.

Chase small business accounts are designed for cash flow and business expansion depending upon consumer needs. As of October 2015, credit lines start at $10,000. Another small business product is the merchant account designed to accept credit and debit cards. Chase helps businesses receive optimum qualification rates from Visa and MasterCard for payment processing. The associated mobile application allows businesses to take payments from a smartphone.

For commercial banking, Chase offers asset-backed credit lines from $5 million to more than $1 billion. Equipment financing meets specific tax and accounting goals for corporate, government, higher education and health care sectors. For commercial real-estate, Chase offers construction loans and portfolio lending to finance retail, office and industrial projects.

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