JPMorgan’s UK Digital Bank Has More Than 1 Million Customers

Digital lender plans to add to its 1,000-strong UK headcount
Chase UK customers have an average of £27,000 in savings

The JPMorgan Chase & Co. offices in London.
Photographer: Chris Ratcliffe/Bloomberg

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By Aisha S Gani and Francine Lacqua

September 28, 2022 at 5:00 AM UTC

Updated on

September 28, 2022 at 9:20 AM UTC

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JPMorgan Chase & Co.’s UK digital lender has attracted 1 million customers in its first year of operation, making it one of the UK’s most popular neobanks.

Chase UK clients hold an average of £27,000 ($29,084) in their Chase Saver account, according to a statement Wednesday. The lender said it has processed about 92 million card and payment transactions since launch.