Chase makes most of its consumer-banking money from people like you: a monthly fee here, a $34 overdraft there, a wire fee, an ATM fee. Kronos charges none of it. Here's exactly what you're paying Chase, what you'd pay Kronos ($0), and how to move your direct deposit in minutes.
Join the waitlistChase's flagship checking account, Chase Total Checking, looks free in the ads. In practice, a normal account holder pays for it several ways:
For a typical customer, that's $144/year in monthly fees alone, before a single overdraft. Add two overdrafts and a wire and you're past $250 — paid to a bank that may still freeze your account if your income looks "irregular."
Fee figures reflect Chase's publicly posted consumer schedules at time of writing and can change; check Chase's current disclosures for exact amounts.
| Fee / feature | Chase Total Checking | Kronos |
|---|---|---|
| Monthly service fee | $12 (unless minimums met) | $0 (free plan) |
| Overdraft fee | $34 each, multiple/day | $0 — no overdraft fees |
| Domestic wire (outgoing) | $25–$35 | Free ACH |
| Out-of-network ATM | Chase fee + owner fee | Network ATMs |
| Credit check to open | ChexSystems screen | None |
| Savings APY | Near 0% | 2.5% on Pro |
| Crypto | None | 30+ coins, 0% fees, non-custodial |
| Gig / 1099 tax tools | None | 1099 filing, auto set-aside, AI Accountant |
| Freeze risk on irregular income | High on gig / crypto flows | Targeted only, with appeal |
Don't close Chase before your first Kronos paycheck lands — keep both open for one pay cycle so nothing slips through the gap.
It usually isn't one big thing — it's the accumulation. The monthly fee you forgot about. The overdraft cascade on a tight week. The "we're reviewing your account" hold when a larger-than-usual deposit landed. For gig workers, freelancers, and crypto users, big banks are a poor fit by design: their risk models were built for a W-2 paycheck and treat everything else as a flag. More on why banks freeze accounts →
Kronos is built the other way around: irregular income is the expected case, crypto is a core feature, and fees that exist mainly to punish a thin balance simply aren't there.
Kronos is a US neobank; banking services run through licensed partner banks, and USD deposits are FDIC-insured via pass-through coverage. The day-to-day experience — direct deposit, ACH, card, savings — works like any bank, with no monthly fee. More here.
No. There's no credit pull to open a Kronos account, and closing a checking account doesn't affect your credit score (checking accounts aren't credit products).
Yes. Switching your checking account doesn't touch your Chase credit card — just update which account pays the card bill if you were autopaying from Chase checking.
The same logic applies — see the fee breakdowns for Wells Fargo and Bank of America, or the detailed Chase fee guide.
Yes, on USD — through FDIC-insured partner banks with pass-through coverage up to standard limits. Crypto is non-custodial and never FDIC-insured at any provider.
KronosPay Inc. is a Delaware C-Corporation founded in 2026 by Sultan Mogaji to build a bank without the big-bank fee playbook — no monthly fee, no overdraft trap, no freeze on normal income.
Compliance: DUNS 144991867 · FinCEN BSA MSB Tracking Number MRX26-00003995 · KYC via Plaid Identity Verification · cash deposits FDIC pass-through via partner banks (Lead Bank) through our banking partner.
Press: AP News, NASDAQ, NBC, FOX, KRON 4 SF, NBC Columbus, National Law Review.
No monthly fee. No overdraft fee. No credit check. Move your direct deposit in minutes.
Join the waitlist