FRANKFURT, May 20 (Reuters) – JPMorgan said that it was officially opening its Chase digital retail bank in Germany on Wednesday, with customers now able to download an app and its website going live.
The U.S. banking giant has been preparing the launch for several years with a spate of hiring but had kept the exact timing of the launch under wraps.
Germany will be Chase’s second European market, after its launch in Britain in 2021.
The business marks a move into the crowded banking market of Europe’s largest economy.
The bank will initially offer a free savings account but will branch out with further account and product offerings next year.
(Reporting by Tom SimsEditing by Ludwig Burger)
Comments