Reported by: banking|Updated: October 23, 2017
JPMorgan Chase & Co has launched a new smartphone app, which the bank says, will attract new depositors, many of whom are young and may live far from any of its branch offices. The app, Finn by Chase, allows people to use a phone to open a bank account, make deposits, issue checks, track spending and set up savings plans. Finn debit cards will come by mail for access to cash from 29,000 ATMs. The bank is starting with an initial test of the app account for Apple phone users with ZIP codes in St. Louis, where Chase has no branches. The bank plans to market Finn in other US cities and for Android phones in 2018. It will also offer mobile enrollment nationwide for its standard checking and savings accounts.