Posted by Chuck on May 3, 2017
Bank Account Bonuses

Published on May 3rd, 2017 | by Chuck

114

Chase $500 Checking and Savings Bonus Publicly Available [In-Branch Only]

The $500 checking and savings offers from Chase are typically targeted or available for purchase on eBay. There’s now a banner link that’s working to get this offer for anyone. We don’t know how long the link will work. You don’t need to complete the offer right now, but it’s worth getting the coupon now, and then you’ll have until June 15 to open the account in-branch.

Update 6/8/17: Coupon is no longer available.

Offer Details

  • Maximum bonus amount: $500 ($300 checking & $200 savings)
  • Availability: Nationwide (must open account in branch)
  • Direct deposit required: Yes, no minimum. Click here to view what triggers this bonus.
  • Additional requirements: None for checking; $15,000 balance for savings
  • Hard/soft pull: Soft
  • Credit card funding: Not available when opening in branch
  • Monthly fees: $12, waivable
  • Early account termination fee: Bonus taken back if closed within six months
  • Expiration date: June 15, 2017

The Offer

Direct link to offer

  • Receive a bonus of $300 when you open a Chase Total checking account with $25 or more and have a direct deposit post to the account within 60 days
  • Receive a bonus of $200 when you open a Chase savings account and deposit $15,000 or more in new money within 10 business days and maintain a balance of $15,000 for 90 days

Enter your email address at the above link and Chase will instantly send a unique coupon code which can be used at a Chase branch to open the checking for a $300 bonus or the savings for a $200 bonus or both for a $500 bonus total.

Screen Shot 2017-05-03 at 8.27.38 PM

The Fine Print

  • Valid through 6/15/17.
  • Checking offer is not available to existing Chase checking customers. Savings offer is not available to existing Chase savings customers.
  • Both offers are not available to those with fiduciary accounts, or those whose accounts have been closed within 90 days or closed with a negative balance.
  • Minimum $25 initial deposit on Chase checking.
  • You can receive only one new checking and one new savings account opening related bonus per calendar year.
  • Bonuses are considered interest and will be reported on IRS Form 1099-INT.
  • “Direct deposit must be paycheck, pension or government benefits (such as Social Security) from your employer or the government.”
  • Bonuses will appear within 10 business days of meeting the requirements.
  • Savings bonus needs $15,000 of new money. The new money cannot be funds held by Chase or its affiliates.

Avoiding Fees

Savings Account

The Chase Savings Account comes with a monthly service fee of $5. Monthly fee is waived with any ONE of the following:

  • Keep a minimum daily balance of $300 or more
  • Have at least one repeating automatic transfer from your Chase checking account of $25 or more; one time transfers do not qualify
  • Have a linked Chase Premier Plus Checking, Chase Premier Platinum Checking, or Chase Private Client Checking account

Checking Account

The Chase Total Checking account comes with a monthly service fee of $10-$12 which is waived if complete any of the following:

  • Have monthly direct deposits totaling $500 or more
  • Keep a minimum daily balance of $1,500 or more in the checking account
  • Keep an average daily balance of $5,000 or more in any combination of qualifying Chase checking, savings and other balances

Early Account Termination Fee

If you close either account within 6 months of account opening, you will forfeit the bonus.

Our Verdict

The $500 checking + savings bonus isn’t usually publicly available, but it certainly comes around every now and then. The coupon links sometimes run out so it’s a good idea to get the coupon now if you’re considering this deal.

Here’s how to go about getting this $500 bonus:

  • Bring the coupon to a local Chase branch and open a Savings and Checking account.
  • Deposit $25 into the checking and $15,000 into the Savings.
  • Get a direct deposit to the Chase checking account. See what has counted for direct deposit in the past here.
  • Wait until the Tuesday after completing the requirements for the bonuses to post. (Chase tends to always post the bonus on a Tuesday.) If you don’t receive the bonus, use another direct deposit to try and trigger it.
  • Wait 90 days from the date of deposit and transfer over money from savings to checking to bring the balance to $1,500. Then transfer out the remainder of the $15,000 to your regular high-interest savings account, but leave $300 in the Chase savings account. With $1,500 in checking and $300 in savings the account will remain fee-free.
  • Wait until 6 months after the opening date.
  • Withdraw all funds & close the accounts.

You can also choose to just do the checking bonus or just the savings bonus if you don’t want to do both.

Chase bank bonuses are from the best bank bonus around. There is no minimum on the direct deposit requirement, it’s easy to keep the account fee free, and the bonuses are a nice chunk of change. If you’ve never completed a bank bonus before, this is a good one to start with. We’ll be adding this bonus into our list of Best Bank Bonuses.

There’s also a $200 Chase business checking bonus which can be done at the same time. Remember to always check your Chase preapproved credit card offers when visiting a Chase branch; you might even get lucky and end up with a Sapphire Reserve preapproval or an INK preapproval.

Thanks to @telewatcr for letting us know about this offer link

Useful posts regarding bank bonuses:



114 Responses to Chase $500 Checking and Savings Bonus Publicly Available [In-Branch Only]

  1. a bird says:

    Sigh, just opened the premium plus checking with $300 bonus yesterday (which require 15K deposit)

    Do you think it’s possible to get matched to this easier checking option?

  2. Phineas says:

    Am I eligible for the checking bonus if I currently have a business checking account?

    • Chuck says:

      Yes, you can get one bonus of each account type (checking, savings, business) per calendar year.

      • Superchurn says:

        excellent. i last got both checking and savings bonuses in 2016, so i should be good to go again?

        i currently have both accounts still open, but i’ve been looking for a reason to close them!

      • Devon says:

        Confused by your comment as the 2nd bullet in your Fine Print says “Checking offer is not available to existing Chase checking customers. Savings offer is not available to existing Chase savings customers.” Is Fine Print wrong or has things changed hence your comment? Thanks!

      • Trippy says:

        Does this count as the date when the bonus post, or account opening?

        I opened accounts in Dec last year but the bonus posted this year so was wondering if I would be eligible.

  3. Ariel says:

    Hoping someone finds a $500 Business Checking offer coupon-generation link!

  4. Mike L says:

    I look at it as a $1,500 6 month CD with a 40% interest rate 🙂

    • Superchurn says:

      i like the way you think sir

    • Guy Bucktastik says:

      It’s actually a $1200 cd, 50% apy

      • Mike L says:

        That sounds better, but unfortunately you must “Keep a minimum daily balance of $1,500 or more in the checking account”.

        • Guy Bucktastik says:

          You pay $1200. You get a $300 bonus. That $1500 will keep it fee free.

          You only put in $1200.

          It’s a $1200 cd that earns $300.

          • Mike L says:

            In my area, that $12 monthly fee for accounts below $1,500 would amount to $72 over 6 months. Which means you would only net $228 on your $1,200, an effective rate of 38%.

        • Guy Bucktastik says:

          Step one – put $1200 in account

          Step 2 – get $300 bonus.

          That’s it, now you have $1500 and avoid the fee.

  5. Maddy says:

    Hi All,

    I got the checking bonus in Sep 2016 and I closed the account in Apr 2017. When can I open the account to get the bonus again. I am little confused with the calender year.

    Thanks

  6. Dmitry says:

    I did this exact offer last year and received the bonus in August of 2016, but closed the account in January 2017. Will I get a bonus if I open new accounts now? Thank you.

  7. Frito Pendejo says:

    Jackpot! Procrastination wins the day again. I never felt like driving to a Chase branch to do the $300 offers. Looks like my wife and I will be taking a trip to the city.

  8. Max says:

    DP: As of March/April 2017, Alliant worked to trigger the bonus and keep the account fee-free.

  9. Markie says:

    If you’re in the military, they do not charge monthly fees, even for the premier checking.

  10. NBG says:

    Can someone provide a DP for out of state?. I live in PA. Went to closest branch in NJ and was told to use a coupon i have to be within 30 miles of the branch. Wasted $10 of my gas :(.
    I then called another branch near this one and that lady says all they need is to be in-person.

    • NBG says:

      Was able to successfully open in another branch. Did only the checking as I’m not willing to park 15k in savings.

  11. Stingerzing says:

    Weird thing happened: This is the second time I’ve done this combo, opened the new sets of accounts about 50 days ago. Got the bonus for the checking and then moved it all out as you only need 5000 or more in any combination to keep fee free. Still waiting on savings bonus with 15000 there but now noticed they automatically closed my checking account, probably from inactivity. Any implications on the checking bonus or future savings bonus?

  12. Chao says:

    Any DP which will trigger the DD for Chase? Does Paypal transfer still work as DD for Chase?

  13. Michael says:

    What documents do they require you to have to open a checking account? Is a driver’s license good enough?? And does it matter if I’m out of state? Chase isn’t in my state. Thanks!

    • Jim says:

      Not familiar with out of state, but yep, a driver’s license and sometimes a credit card as second form of identification.

  14. Kumar says:

    I had opened the checking account in March 2016. After receiving the 300$ bonus, I have changed the same account to “Savings” and I still have the savings account active as of today. Now will I be eligible to receive the 300$ checking bonus, if I open a new checking account? Please let me know.

  15. Johnz says:

    Chuck,
    I think your fifth bullet’s steps in ‘Our Verdict’ are timing-sensitive for some people and can incur one monthly checking account fee if those steps are done too early in the checking statement cycle.

    In the case (like me) where somebody’s relying on the 90 days of $15K Savings balance to keep Checking fee-free (because Savings’ $15K balance satisfies Checking’s fee waiver for an ‘average daily balance of $5,000 or more in any combination of qualifying Chase checking, Savings…’), then doing Our Verdict’s fifth bullet’s steps of ‘transfer over money from savings to checking to bring the’ checking ‘balance to $1,500’ and reducing Savings balance to $300 is time-sensitive:
    If I reduce Savings balance from $15K to $300 before approx 1/3 of the statement cycle elapses I will average less than $5K combined balances for that checking cycle and incur a monthly Checking account fee for that one cycle. To avoid the fee I should wait and do those steps anytime on or after 12 days past the prior statement cycle end date. (Last year my Chase checking statement cycles varied from 28 to 34 days long.)

    • Chuck says:

      I hear your point theoretically. In practice, I’m guessing Chase goes with the closing date to determine if you’ll get hit with a fee. So since on the statement closing date there was $1,500 in the checking and $300 in the savings it’ll be fee-free.

      • Johnz says:

        It’s the 6th bullet point that closes the accounts after the 6 months elapses to avoid early cloing penalty.
        We’re talking about Checking’s monthly maintenance fee and the 5th bullet point steps that occur right after the $15K has sat the required 90 days in savings after which most of it can be pulled out.

  16. Chap says:

    So I went to sign up for the Chase $500 bonus. The banker accidentally put all $15,025 into my checking and failed to split between savings. I’ve messaged Chase but the banker said I can simply transfer $15,000 over from my checking to savings and still qualify for the savings offer. However, the fine print says ‘new’ chase money which I assume is no longer new after it hits my checking account. Has anyone run into this situation before?

    • Pete says:

      Yea, you’ll be fine.

      I helped a family member with a similar situation, deposited the $15k in the checking first, then opened up the savings and transferring over from checking and still received the bonus.

      The personal banker we dealt with said “new” funds are those deposited within 10 days — so because we deposited the $15k in the checking account and opened the savings within that 10 day period, she said it was fine. And voila, 90 days later, the $200 bonus was credited.

      • Chap says:

        Sorry I’m late but thanks Pete! I just went ahead and dropped another $15k in and then pulled the initial out just in case but glad that counts.

  17. Juston says:

    I see several people stating that it is one bonus per calendar year, but there was a question asked above that has gone unanswered. Will this work for people that currently have a checking account?

    Chase is my main bank so I don’t want to close my main account to do this bonus. It used to be that I could open a new account as an existing customer and still get the bonus, but I haven’t done it in several years as I thought that had changed. I don’t have a savings account, so I will definitely be doing that one. I am selling my house which has 10 years of equity on on a 15 year mortgage, so I am looking for some of these larger $$$ opening deposit bonuses to park all that money for half a year. Any other bank bonuses that require $5k + for deposits that I should be looking at?

    • Juston says:

      I should clarify that I read the fine print and I see that it says not available to existing customers, but that doesn’t mean it is enforced. I was just getting mixed opinions by reading the comments.

      Also, for my last question about the other accounts, it can be personal and/or business if anyone has suggestions!

  18. Ken says:

    I went to a Chase branch to open a checking using this bonus on Saturday. Despite it clearly stating on the coupon that you can earn the bonus once per calendar year, the banker insisted it was a rolling 12-months. She asked a supervisor/manager who said the same thing. Then, she called some internal help desk and they confirmed that too. So, rather than take my chances, I didn’t open the account. I last opened a Chase account in early 2016, earned the bonus in May 2016, and closed the account in January 2017 (still more than 90 days ago).

    • stingerzing says:

      I got the 500 combo last fall and closed. Then I opened a new one in february and got the checking bonus again. So I don’t think that’s right.

    • JuicyJosh says:

      +1 on stingers comment. I opened acct 6/2016 and closed 1/2017. Applied for acct #2 in 4/2017. Was approved and received bonus. Waiting to close currently.

  19. Tim says:

    Can someone explain how to fulfill the direct deposit requirement w/o setting it up with my paycheck through my employer? Do I do a cash advance with a credit card???

  20. Charles S. says:

    DP:

    04/17/17 – Opened Chase Total Checking in branch. Opening deposit with a $1500 personal check.
    05/05/17 – DD of $50 from work.
    05/09/17 – $300 bonus posted

    Now to wait till I can remove the opening deposit 🙁

  21. Trippy says:

    I opened an account last December and the bonus posted this year January. I assume I won’t be eligible for a bonus this year?

  22. Rena says:

    I’d really appreciate some help: If I want to use Barclays online savings for the direct deposit requirement, would I just need to add the Chase account to Barclays as an external account and then do a one-time transfer? I’m somewhat confused because under the transfer tab for Barclays nowhere does it say “ACH.”

  23. Dave says:

    The eligibility statement does not include any “rolling twelve months” wording.

    “Bonus/Account Information: Checking offer is not available to existing Chase checking customers. Savings offer is not available to existing Chase savings customers. Both offers are not available to those with fiduciary accounts, or those whose accounts have been closed within 90 days or closed with a negative balance.”

  24. Dean says:

    Unique situation. I burned Chase by not paying a couple credit cards 10 years ago. I’m forever (I assume) blacklisted from getting another card from them but I wonder if I can open a bank account.

  25. Dan says:

    Schwab moneylink deposit from investor account (not investor checking) DOES NOT work to trigger DD, sent 4/19, no bonus posted as of today 5/12.

    Sent Wells Fargo checking 5/8, hopping that will trigger. I have DD setup, but i want the $300 NOW.

  26. Vivian says:

    Hi, I currently have a checking account from TCF bank. All deposits from this account is coded as ACH Deposit, so would it work as direct deposit? Thanks!

  27. Harry says:

    So when I opened I forgot about the $25 deposit at opening and so did the teller. Would this be a problem with getting the $300? Anyone else forgot but still got the bonus?

    • Harry says:

      To answer my own question–no it wasn’t a problem. $300 came in today after getting paycheck DD on the 1st.

  28. Saabfan says:

    So i was denied for the last chase account that i tried to open online (reason: credit report, although my score is pretty good). Will I also be denied for this in-branch only account?

    Thanks

    • Saabfan says:

      The answer is no. I was approved in branch. Dp….the bank rep indicated that it was a hard pull,

      • NBG says:

        Some bankers don’t know the difference between and hard pull and soft pull. I was told it was a hard pull by one and only to be correct ed by another that it was a soft pull. It will do a Hard pull, if you opted for Overdraft coverage.

        Did you get an alert from your Credit monitoring service?.

  29. NBG says:

    Anyone got the bonus today with the new offer with ACH from Wells Fargo?. Hopefully it posts later today as past trend suggests every tuesday is bonus day.

    • NBG says:

      Ignore my earlier comment. Just loged in again and see the $300 pending. So Wells Fargo ACH /push works. $600 haul between me and wife. Thanks Doc.

  30. Chap says:

    Barclay ACH has worked for me in the past but not this time. Posted last Thursday – Tuesday now, and no pending bonus. Not sure if just me or it is no longer triggering. Will try paycheck.

    • Pete says:

      Any update on this with the Barclays ACH on your end?

      My ACH push went through last Tuesday, a week later, still nothing yet…

      Thanks!

      • Chap says:

        Nope! I waited 2 weeks (tried two different times) and still no bonus. My paycheck hits today so it seems like I will know by next Tuesday whether it is my account or Barclays.

      • Chap says:

        Hi Pete,

        A normal DD resulted in the bonus posting today. Looks like Barclays may not work anymore.

  31. Omar says:

    DP: td ameritrade of 101 USD Worked to trigger the bonus and it posted on Tuesday.

  32. Charles S. says:

    DP:

    4/17 – Opened checking account in branch with $1500 check
    5/05 – DD from employer for $50
    5/09 – $300 bonus posted!

  33. CruwL says:

    ACH Transfer $501 on may 17th from barlcay online savings shows BARCLAYS BANK DE DEPOSIT PPD and type ACH credit

    Did not get the bonus yesterday, will see if it posts next week if not will have to try cap360 or something else.

    Those who got the bonus this week did your deposit code as type ACH Credit?

    • Kristian says:

      I received the bonus yesterday morning due to this push…

      May 18, 2017
      WELLS FARGO DDA TO DDA PPD ID: INTFITROCS
      ACH credit
      $126.00

  34. Alyssa says:

    If my 90 day date for the savings bonus is on a Tuesday, my bonus should post the following Tuesday right? Just making sure I understand

  35. Curmudgeon says:

    New offer, good until 7/17/17:

    $200 for Total checking account, set up direct deposit
    $150 for savings acct, deposit $10k, leave for 90 days

    https://www.chase.com/checking/chase-coupon?jp_aid_a=65783359&jp_aid_p=chasehome_3/hero

  36. Chris M says:

    Any more data points on opening one of these accounts in a Chase branch if you are from out of state? I live in Virginia, but I am visiting family in New Jersey next week and will go a few dozen miles out of my way if I can open these accounts as a Virginia resident.

    • Dave says:

      Shouldn’t be a problem.. The closest branch for me is out of state,
      and takes four hours roundtrip. Still worth it tho, and I stop at a
      few places on the way back for enjoyment.

  37. Pete says:

    Any folks with a recent data point with regards to what ACH pushes qualify as a DD?

    Reviewing the Knowledge Base page, but nothing too recent…

    Thanks

  38. BlackBerries says:

    Anyone get the bonus (recently) doing ACH (coded as PPD) via capital one or capital one 360?

    Thanks

  39. 007 says:

    I feel kinda bad.

    Last year, I did this bonus for the first time. The banker clearly thought I was actually going to use the account and didn’t know that I was just doing it for the bonus. It took her an hour to set up, although she did a good job.

    Today, I went to a different branch (Chase Private Client branch). The guy was awesome and had me in and out in 15 minutes. Even gave me the option of not even having a debit card, which wasn’t on the table last year. However, after I left, I realized he set up the Plus Checking and Plus Savings (higher balance requirements after bonus posts). I went back, had a chat, he said he can downgrade instantly and no effect on bonus (confirmed several times). He did as he told, but seemed a little shaken/upset. Not sure whether it is just that particular location (lots of high rollers), or if he was going to miss out on some kind of bonus/quota because he thus just opened a Total Checking and basic Savings rather than the Plus versions.

    Oh well. I guess the homework is read what you sign on the screen carefully, even if the banker seems like a good guy. Feel kinda bad if it affected his yearly bonus/quota, though.

    • Avi says:

      Pretty much the exact same thing happened to my wife. The guy signed her up for the higher level accounts, and was annoyed when she asked to downgrade because it wasn’t the accounts she wanted. There must be some kind bonus involved for them.

  40. BHanna says:

    Confirming DP

    Transferred money to my Vanguard Settlement fund, than transferred from Vanguard to Chase. The “sale” counted as a DD, and was listed as follows.

    ” VANGUARD SELL INVESTMENT PPD ID: VMC RED ACH credit $501.04 $526.04″

    Please note that after you add the new account to your Vanguard, and verify the two micro-deposits, you typically have to wait 7-10 days for them to verify that it is your account… Alternatively you can just call in and tell them that you need access to the funds more urgently and they will offer you to wire the money, decline that and insist that it is ACHed to your account given that you already verified the two deposits… Another department will go through the security identity verification questions with you, and then can process the transfer over the phone….

    Hope this helps someone 🙂

  41. RAZ says:

    This is my first post on this site – I really appreciate all the great information that I’ve received from this site over the last couple of years.

    5/10/17: Opened Chase Checking and Savings account
    5/19/17: Barclays ACH – coded as DE Deposit
    5/19/17: Alliant ACH – coded as Online Wd
    6/1/17: Vanguard ACH – coded as Sell Investment
    6/6/17: $300 bonus received

    I suspect that only the Vanguard transfer triggered the bonus but I can’t be certain. Chase says the bonus will be paid within 10 business days of the direct deposit – that would mean that only the Vanguard ACH could have triggered the bonus (10 business from the two transfers made on 5/19/17 would be 6/5/17).

    • Yes, would only be the Vanguard. Bonus posts the Tuesday after receiving the direct deposit. Thanks for the DP.

    • Pete says:

      Thanks for the DPs

      Mind clarifying for Alliant — was that an ACH push, appearing as a deposit in Chase? Noticed you mentioned it coded as a “Wd”, so I wonder if that might have been an Alliant ACH pull or withdrawal, instead.

      I was hoping to use Alliant to qualify for my DD. No Vanguard accounts, alas!

      Thanks

      • RAZ says:

        It was an ACH push from Alliant to Chase — that’s just the way it coded. I think you’re out of luck trying to use Alliant to trigger the direct deposit requirement.

        • Pete says:

          Thanks for the quick response.

          I’m looking at opening an individual Vanguard account since you and a few others have had success with it.

          I helped a family member with a Roth with Vanguard a few years ago and recall it was quite easy and fast to open — has that been your experience with the individual/taxable account? Reading their account fees, if I sign up for e-delivery, there should be no annual or minimum fees. So I’m thinking of doing a small $50 account to ACH push to Chase.

          Thanks

  42. RVD says:

    Great experience signing up but horrible experience afterwards. Account got closed as fraud same day because I initiated two transfers on separate days totaling $15k which were flagged as fraud by the “loss prevention” department. I was given no opportunity to dispute the closing or to indicate that the transfers were legitimate. My transfers were cancelled and my initial $25 was mailed to me as a check and I am apparently banned from Chase banking (Chase CCs are untouched) for at least 5 years, possibly for life (depending on who I asked). Loss prevention reps were very unpleasant and refused to give me any details beyond that. Checked my Chex and everything is/was clean so it was apparently just the transfers that sunk. Not sure how I was supposed to get $15k deposited if $15k of transfers is “fraud”.

  43. Jake says:

    Just finished a 4 hour round trip from Baltimore to Trenton to get this bonus. The signup process was painless once I got there

  44. savemesf says:

    ACH push from TD Ameritrade still triggers the DD bonus 🙂

  45. Olivia says:

    This offer can also be accessed whenever you order a USPS mail forwarding service. Will come up as one of the coupons. It doesn’t matter if you actually are moving or not. Can try forwarding mails from parents/relatives/friends’ address.

    I opened a checking + savings for my mom in March; pushed $500 from her Wells Fargo Checking; got the $300 bonus for checking the following Tuesday. Still waiting for the 90-day to pass.

    Two weeks ago opened them for my mother-in-law; again pushed $500 from Wells Fargo; got the bonus today (Tuesday)!

    Plan on opening them for my father-in-law when he comes visiting us. It seems true that Chase tend to post the bonus on Tuesdays.

  46. 007 says:

    Serve still working to trigger $300 bonus (currently listed as Pending).

    “SERVE ENTERPRISE EXCHANGE PPD ID: 2333133497”

  47. Will Ryan says:

    DP: I did Savings only and it took me 12 calendar days to fund the $15,000 in total. The bonus posted to my account the Tuesday following 90 days from account opening.

    So no wait to get the bonus and it was from account opening, not when I got the $15,000 in there.

    I wasn’t expecting to be able to move the money for another 1-2 weeks and to get the bonus for another 4-5 weeks 🙂

  48. JS says:

    Anyone have a code and not going to use it? I could use a code. Thanks.

  49. Shaun says:

    They’ve been sending me this same offer through the mail. Got my second one today, expires August 7th.

  50. Robert says:

    CO360 and Alliant DO NOT work to trigger DD bonus.

  51. Jae Bae says:

    Data Point – Chase
    – Direct Deposit Transfer from Santander on 06/16
    – $300 sign up bonus on 06/20

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