The bank in November decreased the minimum account balance to $500 and expanded free trades to Chase customers with at least $15,000 in their checking accounts or who meet other certain metrics. The highest requirements come from Citi Private Bank and JP Morgan Private Bank, which require clients to have at least $10m in assets. https://www.coindesk.com/jpmorgan-sends-its-private-clients-a-primer-on-crypto “This is a threshold differentiator among the world’s wealthiest, compared to the merely very wealthy, let alone the 401(k) investor,” said J.P. Morgan Private Bank’s Duffy. HSBC: $5m, as listed on the bank’s private banking website FAQs. Chase Business Complete Checking: Maintain a minimum balance of $2,000 or more in the account each day of the statement period. “Chase Private Client” is the brand name for a banking and investment product and service offering, requiring a Chase Private Client Checking account. Challenger private bank Hampden & Co also does not officially list a minimum balance, though recommends £500,000 in liquid assets and an annual income of £100,000. Private banks and wealth management firms usually require a minimum balance. Private bank requirements Chase Private Client Checking: Maintain a $150,000 average daily balance across all accounts. Bank deposit accounts, such as checking and savings, may be subject to approval. Deposit products and related services are offered by JPMorgan Chase Bank, N.A. Goldman Sachs Private Wealth Management is part of the Wall Street bank's investment management division. Standard Chartered: $5m, increased from $2m in 2017. To learn more about J.P. Morgan’s investment business, including our accounts, products and services, as well as our relationship with you, please review our J.P. Morgan Securities LLC Form CRS and Guide to Investment Services and Brokerage Products.. JPMorgan Chase Bank, N.A. The investment management division as a whole boasts a team of 1,502 financial advisors and oversees about $1.77 trillion for clients. Goldman Sachs Private Wealth Management, which has offices across the U.S., currently has $198 billion in assets under management. Chase Private Client: Maintain a daily minimum balance of $250,000 or more: Bank of America: Generally reserved for those with at least $10 million of investable assets: Citigold: Maintain a minimum combined monthly balance of $500,000: Wells Fargo: Minimum of $1 million in investable assets: Goldman Sachs: $10 million minimum In Hong Kong, most of the private banks require their clients to have investable assets of $1m-$2m, according to the private banking listings posted on the South China Morning Post. Mid-range: Minimum amount >$1m. Two of the oldest and most well-known banks in the United States, JPMorgan Chase & Co. 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