JPMorgan Chase ($JPM) (-0.6%)- with more than 85 million private customers worldwide - intends to launch its Chase digital bank in Germany in the second quarter of 2026. This will make Germany Chase's second European market after the UK (since 2021).
The launch will be deliberately gradual: To begin with, Chase plans to launch an overnight deposit account that is directly tailored to the strong savings culture and high demand of German customers. Based on this start, the digital offering will be successively expanded to include other product types.
Chase's German headquarters will open in Berlin by the end of 2025. JPMorgan has been active in Germany for a long time - with roots dating back to 1924 and currently more than 900 employees in Frankfurt and other locations working in areas such as investment, private and asset management.
The move reflects a clear strategic approach: Chase wants to position itself as a digital, innovative and trusted banking offering - supported by global expertise and locally adapted services.