Billing and Statements

In this section, we share important billing and statement information, as well as key differences you need to know about your new JPMorgan Chase accounts.

Billing Analysis Statements (Monthly Statement Reporting)

You’ll continue to receive your monthly billing statements from First Republic through the first three weeks of May. You will not receive a billing statement for the last week of May while your accounts are being transitioned, and you will receive your June statement from JPMorgan Chase in July.

You will be able to view your transaction activity on your DDA bank statement and through one of our online digital platforms, Access or Connect (details below). Your statement will be similar in appearance, but the billing service codes will be different than what you are used to seeing. You can review the Account Analysis statement guide to familiarize yourself with its format.

Bank Statements

Your bank statements will continue to include all your transaction activity. Statements will be processed on the last business day of the month and sent out two calendar days later. However, you will not receive your first JPMorgan Chase statement until June 3.

You’ll receive two bank statements for the month of May when we integrate your accounts. Your First Republic statement will include activity for May 1-24, and your JPMorgan Chase statement will include activity for May 25-31.

Statement Differences

While the format of your statements will look slightly different, you’ll continue to see all the information you need to reconcile your accounts. Differences include the number of check images received per page, a summary of daily balances, an enhanced detail description and more. Additionally, interest-bearing accounts will receive a separate statement showing the daily interest accrued each day.

Accessing Statements

Authorized users will be able to access their JPMorgan Chase statements online through one of our digital platforms, Access or Connect. If you currently receive your First Republic account statements by mail or email, you’ll now receive your statements electronically through one of our digital platforms. Please note, as part of our Environmental, Social and Governance (ESG) initiatives, we do not send paper statements. Also, we do not support special handling, including overnight mail, packaging of statements and emailing the statement directly. If you have questions, please reach out to your relationship team

Sign up for alerts! We’ll email you an alert telling you when your monthly statement becomes available via our online portal.

Access: We’ll continue to bill you at your current First Republic prices for your online profile activity, however, it means we’ll need to create a new profile for you, even if you have one with us already.

You’ll also be able to view your past First Republic statements in Access. If you need to access your historical billing analysis statements on the First Republic portal, you’ll be able to do so until year end.

Chase Connect

If you have an existing Chase Connect profile, your accounts will be combined automatically and your Chase Connect activity will bill at your current JPMorgan Chase rates. You’ll also be able to view your past statements with First Republic.

You’ll also be able to view your past First Republic statements in Connect. If you need to access your historical billing analysis statements on the First Republic portal, you’ll be able to do so until year end.

Overdraft

We do not offer overdraft protection, so it’s important to maintain sufficient funds in your accounts. Negative/overdrawn balances will be assessed fees on outstanding amounts. If you don’t have a sufficient available collected balance in your account at the time a transaction is presented for payment, it may be returned unpaid or overdraw the account. We offer alternative solutions to managing liquidity needs; please talk with your relationship team about your options.

We assess an overdraft interest charge on negative collected balances and calculate the fee the next day on the overdraft balance amount; you’ll see the charge on your monthly statement. However, you won’t be charged these fees until they become effective for transitioning First Republic clients on August 26, 2024.

Fee Waivers

As a courtesy, we’re waiving certain fees. This means that from May to July you will not be debited for Deficit Earnings Allowance fees, which will reflect on your August statement as a Service Charge Amount of $0.00.

Billing Calculation Differences

JPMorgan Chase will provide credit on 100% of eligible balances, an increase from the 90% provided by First Republic. However, we will assess a 13-basis-point Balance Based Charge.

Also, for certain products and services, the unit of measure will differ.

Analyzed Accounts

Our Commercial Checking product, which includes Simplified Business Checking, provides earnings credit based on the balances you maintain. Earnings credits can be used to offset your billing charges. You will begin receiving an account analysis statement from us beginning in July for your June activity.

We do not support linking consumer accounts to a business analyzed DDA. So, beginning with your June billing statements, you will no longer see consumer analyzed accounts linked to an account analysis billing relationship, and these accounts will be subject to consumer pricing.

FX Rate and Speed

FX wires have a rate that is made up of a JPMorgan Chase base rate plus spread. The applicable exchange rate and spread is determined by JPMorgan Chase and may differ from other foreign exchange rates and spreads.¹

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