- Sign in to JPMorganOnline.com
- Select your “Line of credit” account, then go to “Draw”
- Choose the “Transfer to” account, enter the dollar amount and select the “Base rate” option. If you only have variable SOFR as a base rate, it will default to variable SOFR
- Confirm your transfer details and choose “Next”
- Review your estimated interest payment and choose “Next”
- Review your transfer details and select “Transfer money"
How to draw from, pay down, and set up auto-debit for your line of credit
Access your credit line anytime with flexibility to borrow and make payments online.
Easily draw from, pay down, and set up automatic payments from a J.P. Morgan or Chase Checking account with J.P. Morgan Online℠ and the J.P. Morgan Mobile®1 app.
Here’s how to get started:
- Sign in to JPMorganOnline.com
- Select your “Line of credit” account, then go to “Pay”
- Choose the specific loan that you would like to pay and select “Pay it”
- Select the “Pay from” account, choose the “Payment date” and the amount you would like to pay
- Verify the payment details and select “Pay it”
- Sign in to JPMorganOnline.com
- Select “Pay & Transfer”, and click Payment Activity
- Click Automatic Payments under the “My Chase Payments (Pending/Past)” section
- Select “Set Up” Automatic Payments
- Select the account to be used to pay from
- Agree to the Automatic Payment terms
- Select “Set Up Automatic Payments” to complete enrollment
- Sign in to the J.P. Morgan Mobile app
- Go to your “Line of credit” tile, then to “Draw”
- Choose the “Transfer to” account, enter the dollar amount and select the “Base rate” option. If you only have variable SOFR as a base rate, it will default to variable SOFR
- Confirm your transfer details and choose “Next”
- Review your estimated interest payment and choose “Next”
- Verify your transfer details and select “Transfer money”
- Sign in to the J.P. Morgan Mobile app
- Go to your “Line of credit” tile, then to “Pay”
- Choose the specific loan that you would like to pay and select “Pay it”
- Select the “Pay from” account, choose the “Payment date” and the dollar amount you would like to pay
- Verify the payment details and select “Pay it”
- Sign in to the J.P. Morgan Mobile app
- Select “Pay & Transfer”, and click “Payment Activity”
- Click “Automatic Payments” under the “My Chase Payments (Pending/Past)” section
- Select “Set Up” Automatic Payments
- Select the account to be used to pay from
- Agree to the Automatic Payment terms
- Select “Set Up Automatic Payments” to complete enrollment
Auto-pay is available for individually and jointly owned lines of credit only.
Online draw, pay and auto-pay is not available for individuals with limited power authority.
Online draw is not available for Fixed Rate Loans.
Payments made before 4 p.m. ET will be credited on the same business day but may not be reflected in balances for 1-2 business days. You will receive email confirmation when we receive your payment request and when it’s been processed.
J.P. Morgan processes interest first and principal-only payments are currently not permitted. Consult your J.P. Morgan team for additional information.
References
1.
You can download the J.P. Morgan Mobile® app from the App Store or Google Play. App Store is a trademark of Apple Inc., registered in the United States and other countries. Android and Google Play are trademarks of Google Inc. Use of these trademarks is subject to Google Permissions. J.P. Morgan Mobile® app is available for select mobile devices. Message and data rates may apply.
*Feature availability—and the steps to access features—may vary based on profile or account type, client segment, device and/or eligibility requirements.
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This website is for informational purposes only, and not an offer, recommendation or solicitation of any product, strategy service or transaction. Any views, strategies or products discussed on this site may not be appropriate or suitable for all individuals and are subject to risks. Prior to making any investment or financial decisions, an investor should seek individualized advice from a personal financial, legal, tax and other professional advisors that take into account all of the particular facts and circumstances of an investor's own situation.
This website provides information about the brokerage and investment advisory services provided by J.P. Morgan Securities LLC (JPMS). When JPMS acts as a broker-dealer, a client's relationship with us and our duties to the client will be different in some important ways than a client's relationship with us and our duties to the client when we are acting as an investment advisor. A client should carefully read the agreements and disclosures received (including our Form ADV disclosure brochure, if and when applicable) in connection with our provision of services for important information about the capacity in which we will be acting.
J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, member FINRA, and SIPC. Insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.
Investments in alternative investment strategies is speculative, often involves a greater degree of risk than traditional investments including limited liquidity and limited transparency, among other factors and should only be considered by sophisticated investors with the financial capability to accept the loss of all or part of the assets devoted to such strategies.
Borrowing with securities as collateral involves certain risks, including the possibility that you may need to deposit additional securities and/or cash in the account to meet a maintenance call, and that securities in the account may be sold to meet the maintenance call. Proper management of your account and a thorough understanding of the conditions that may affect your investments will assist you in effectively using the margin lending program.
Please read additional Important Information in conjunction with these pages.
INVESTMENT AND INSURANCE PRODUCTS ARE:
• NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, JPMORGAN CHASE BANK, N.A. OR ANY OF ITS AFFILIATES • SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED