Update 4/21/25: Extended to 7/16/2025
Update 1/17/25: Extended until 4/16/25
Update 10/3/24: Extended until 1/22/25
Update 7/29/24: Back until 10/16/24
Update 5/18/24: Extended through 7/24/24
Offer at a glance
- Maximum bonus amount:Â $3,000
- Availability:Â Nationwide, in-branch only
- Direct deposit required:Â None
- Additional requirements:Â Deposit $500,000 and maintain for 90 days
- Hard/soft pull:Â Soft
- ChexSystems:Â No
- Credit card funding:Â Cannot fund with debit or credit in branch.
- Monthly fees:Â None
- Early account termination fee:
ÂBonus taken back if closed within six monthsNone - Household limit:Â None listed
- Expiration date:Â
April 23rd, 2019 June 15th, 2019 August 6th, 2019 September 28th, 2019November 19th, 2019 October 19, 2022April 19, 2023July 24, 2024
Contents
The Offer
Direct link to offer (incognito)
- Meet with a Private Client Banker to upgrade (or open) your Chase account to Chase Private Client and receive a bonus of up to $3,000 when you meet the following requirements:
- Within 45 days transfer a total of $500,000 or more in new money to a combination of eligible check, savings and/or eligible investment accounts (deposit $500,000 for $3,000 bonus or $250,000 for $2,000 bonus or $150,000 for $1,000 bonus).
- Maintain that balance for at least 90 days from coupon enrollment.
- Bonus will be deposited into your account within 40 days.
The Fine Print
- Offer not available to existing Chase Private Client customers.
- To receive the $1,250 bonus: 1) Meet with a Private Client Banker to upgrade your existing account to Chase Private Client CheckingSM account. 2) Within 45 calendar days, transfer a total of $250,000 or more in qualifying new money or securities to an eligible checking, savings and/or J.P. Morgan investment accounts (opened in a Chase branch and serviced by a J.P. Morgan Private Client Advisor or Financial Advisor).
- Ineligible accounts: any You InvestSM accounts, Certificates of Deposit, insurance products; fixed and variable annuities; 529 College Savings Plans; any retirement accounts such as Traditional and Roth IRAs, Keogh, Simple IRAs, and 401(k) Plans.
- The qualifying new money or securities must be transferred from non-Chase or J.P. Morgan accounts and cannot be funds or securities held by Chase or its affiliates. AND 3) Maintain at least a $250,000 balance for at least 90 days from the date of funding (gains and losses to qualifying investment balances from trading or market fluctuation will not be counted for purposes of meeting the balance requirements).
- After you have completed all the above requirements, we will deposit the bonus in your existing Chase Private Client Checking account within 10 business days.
- The Annual Percentage Yield (APY), for Chase Private Client Checking effective as of 01/22/19 is 0.01% for all balances in all states. Interest rates are variable and subject to change. Additionally, fees may reduce earnings on the account.
- You can only participate in one Chase Private Client Checking, Sapphire Checking or You Invest new money bonus in a 12 month period.
- Coupon is good for one time use. Bonuses are considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
As far as I know there is no monthly fee, but if you don’t maintain the $250,000 balance requirement they might downgrade your account to something else
Early Account Termination Fee
Bonus taken back if closed within six months There is no longer any early termination fee.
Our Verdict
You could sign up for a $600 checking/savings bonus and then wait six months and then do this deal in branch. The fine print says you’re not eligible for this bonus if you’ve done any Sapphire Checking, Chase Private Client Checking or You Invest new money bonus in a 12 month period, rather than every two years on the regular Chase checking/savings bonus.
For most people this $2,000 Chase Private Client bonus isn’t worth considering because YouInvest balances do not qualify and Chase deposit accounts earn a very low APR and the other investment accounts have higher fees than other options. Because of that I wouldn’t recommend signing up for this deal.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
Post history:
- Update 1/16/24: Extended to 04/17
- Update 10/6/23: Extended to 01/24/2024.
- Update 7/23/23: Extended until 10/18/2023.
- Update 2/21/23: At some point the terms changed slightly so that you only need to have the funds in the account from day 45 through day 90. There has also been some discussion in the comments about using J.P. Morgan investing without paying fees. And so there might be ways for this offer to make sense.
- Update 2/20/23
: There’s a new link(open incognito) with a tiered deposit requirement – $1,000 bonus with $150,000; $2,000 bonus with $250,000; $3,000 bonus with $500,000. Still none of these are very interesting IMO given the loss of interest on the funds. - Update 1/13/23: Offer extended to 4/19/23.
- Update 10/15/22: Offer extended to 1/25/23
- Update 8/15/22: Deal is back at this link (incognito) and valid through 10/19/22. The fine print indicates it works for new Chase checking customers or existing checking customers who upgrade or existing Private Clients who make a $250,000 deposit. Requires Chase branch visit.
- Update 1/18/21: Deal is back, but has been reduced to $2,000. Valid until 4/14/21.
- Update 11/22/20: Deal has been increased to a maximum $3,000 bonus. Hat tip to reader EW
- Update 9/27/20: Deal extended until 11/23/20.
- Update 8/10/20: Extended until 10/1/20.
- Update 5/26/20: Deal might be better than we originally thought. Normally there is a 1.25% fee, YouInvest doesn’t have this fee but is excluded from counting for this bonus. They have another self directed account called “Full Service“, this has no management fee if your a Chase Private Client (CPC). There is an annual fee of $50, but this is waived if you are CPC or have $25,000 in investments.
- Update 5/25/20: Deal is back and valid until 8/10/20. Hat tip to reader Don
- Update 1/19/20: Deal has been extended until March 6th, 2020.
- Update 11/20/19: Bonus has been extended until January 17th, 2020.
- Update 11/8/19: Bonus has been increased to $2,000 (up from $1,250).
- Update 8/15/19: Deal has been extended until September 28th, 2019. Hat tip to MtM
- Update 6/17/19: Deal has been extended until August 6th, 2019.
- Update 4/24/19: Deal has been extended until June 15th, 2019.
Is this offer gonna be extended beyond the July 16 date?
Probably.
I read the terms and conditions once more, it seems it has additional words compared to the fine print shown above. It says:
I wonder if I open such an account, which the advisor may refuse to do, and get the bonus, then downgrade CPC to regular checking after the bonus. Then next year, if the designated financial advisor quit, will the account still be serviced by someone else?
The T&C and fine print in this post have not been thoroughly maintained. Personal Advisors is a new wealth product launched a few years ago. It’s like a call center advisor relationship vs one person.
If your advisor quits your brokerage will either be reassigned to a different person or a generic contact #/email. The key (for eligibility) is that you have a full service brokerage account from JPMorgan.
Anyone opened the full service brokerage after May 1st 2025? My friend met with a financial advisor in the branch recently and was told you are not allowed to place trade yourself in the full service brokerage any longer. Trade has to be placed through the advisor and they charge a fee to do that.
The advisor claimed it was a recent internal system change but he is dubious about that. I am hesitant to open such account if I cannot place trade myself, but the bonus is attractive.
DP: Mine has been open since last year, but I’m still able to place trades myself online as of today.
Thanks. Probably that advisor was lying. But to make it easier to get this bonus I’ll just transfer some ETF in and do nothing.
It’s easy enough to not trade. At minimum it’s a 45 day hold. Closer to 60 if you wait for the bonus to post before moving.
But they’re also lying. See the pricing sheet where it says on Chase.com: $0.00
https://www.chase.com/content/dam/chase-ux/documents/personal/investments/fullservice_fee_commish_schedule.pdf
Thank you Jay.
> ANNUAL ACCOUNT FEES $50 — How to avoid this fee: Be a Chase Private Client or have $25,000+ in combined investment balances or generate $50 in commissions in your account during a calendar year
Does this mean if I transfer most asset out and downgrade to total checking, they will charge me $50 unless I upgrade to CPC again?
In terms of the fees,
> STOCKS AND EXCHANGE-TRADED FUNDS 1% of principal. Minimum commission of $25 may apply to stock and ETF trades.
> STOCKS AND ETFS VIA CHASE.COM $0.00
I guess the first one means trade placed by the advisor and the 2nd means trade placed by self?
I can refrain from trading for the period. But it is sketchy that the advisor lied about this..
The account fee is not applicable when you’re CPC.
When you $0 out the brokerage account, they won’t charge the fee (been my experience). You’re free to down grade and close the checking after you get the bonus.
Yes, you can trade online or via app for $0 (stock and ETF).
Can you open a full service brokerage account and invest in US treasuries or put into the premium deposit high-yield savings and get the bonus? I hear conflicting reports saying that Chase does not give the bonus if you put it into high-yield savings or treasuries… has anyone had success doing this recently?
Treasuries are fine. Chase doesn’t have online purchase of new issues. Have to call, AFAIK. But you can use a treasury ETF or ACATS in existing t-bills you have.
Savings is not the same as treasuries (securities). I don’t know the mechanics of the premium deposit. If that’s in the brokerage account, then it’s presumably eligible. If regular savings, NO.
You can also just purchase SGOV in another brokerage account and then transfer it in with dividend reinvested. It still gets almost the same benefits as treasury. Esp if you are in a state that has state income tax, you do not pay state income tax with SGOV dividends.
Question if anyone can share their DP:
Had CPC for 2 years now (opened in 2023) and received bonus in late 2023. Can I move all my stocks to WF, then wait a couple of weeks, then apply a new code for CPC and then transfer the securities back and get another bonus?
Would Chase consider it as new money?
I’ve done this recently. Search for the “churn” datapoints within the comments. After you move your securities out of CPC, I would downgrade the account. Wait a few weeks or months and then upgrade your account to CPC again and then bring back all those original securities.
So I opened up a CPC checking targeting the $3,000 bonus for $500,000 in new money. the CPC banker was very accommodating but the JPM Wealth Management advisor is trying to sell me hard on the AUM-fee based account. From the get go, I said I’m not interest in that, only in the full service brokerage account. She said in our meeting that she doesn’t open these for clients, then said she does it for “some” clients, while continuing to push the AUM-fee based account. Finally, she said let me put a wealth plan together for you for free, we will go over it at our next meeting, and if you really don’t want it, I’ll open up the brokerage account for you. Is this how it normally goes? There is 0% chance I’m opening an AUM-fee based account so I am prepared to not move forward and lose the opp of the bonus, but does anyone have any advice how to push through to these folks? I get it’s not really in there interest, but don’t they get some incentive for just bringing some new money in? I guess worst case I will try a different advisor.
Yes, there are other DPs that indicate advisors may try and push you away if you’re not interested in an AUM wrapper relationship.
You can either move forward with this advisor and push to get the account opened or try your luck at another branch. I would tease that you’re open to their advice and strategies. You can say you want to try the platform first (getting your assets in) before really committing yet.
I assume they get little to nothing for non-AUM assets. Advisor revenue production that isn’t an AUM fee would rely on commissions. I assume they figure we’re not going to be pursuing much commissionable activity.
Thanks man very helpful!
Were you able to open an investment account without an advisory fee as apart of cpc offer?
I think it’s probably hit and miss. In my case, the JPM Wealth Management advisor just told me about all the different products, but gladly opened the full service brokerage account when I explained to him that’s the account type I wanted.
The full service account has no advisory fee? Can you park all the money in there and get the bonus (and not in the checking account)?
Also is the full service brokerage account different then the self directed account?
Yes and yes. This promo is only worth doing if you avoid an AUM wrapper fee. You cannot open the full service brokerage account own your own. It’s advisor opened.
Can you open a full service brokerage account and invest in US treasuries or put into the premium deposit high-yield savings and get the bonus? I hear conflicting reports saying that Chase does not give the bonus if you put it into high-yield savings or treasuries
Did the advisor say you cannot place trade yourself? If I just buy and hold then I do not need to do anything about the account but an advisor told my friend that their system no longer allow user to place trade themselves, probably for the full service brokerage account opened after May 1st.
No. You can place trades for free on chase.com or chase app. Using an advisor costs $$.
Is this language new?
You can receive only one Chase Private Client CheckingSM new money bonus or savings promotional rate offer in a 12‑month period from the last bonus coupon enrollment date
No.
Comboed CPC and total checking/savings:
1/3/25 – Open checking/savings online1/10/25 – upgrade to CPC in branch (existing full service brokerage account)1/24/25 – $300 checking pay out (DD with IBKR ACH push in prior week)2/2/25 – Push $15K to Chase savingsMid Feb – $500k+ in ETFs land at Chase (and were over $500k at day 45)4/4/25 – Pull $15k from savings4/8/25 – $600 savings+combo payout4/11/25 – initial partial ACATS out requested at receiving brokerage4/15/25 – CPC $3k payoutin progress: downgrade CPC status; close savings; clear out brokerage account with partial ACATS and then transfer remaining cash via ACH after brokerage unfrozen (~week after ACATS)Have done this churn a few times now.
^ I swear this had bullet points when I was writing the above lol. Trying numeric list.
1/3/25 – Open checking/savings online1/10/25 – upgrade to CPC in branch (existing full service brokerage account)1/24/25 – $300 checking pay out (DD with IBKR ACH push in prior week)2/2/25 – Push $15K to Chase savingsMid Feb – $500k+ in ETFs land at Chase (and were over $500k at day 45)4/4/25 – Pull $15k from savings4/8/25 – $600 savings+combo payout4/11/25 – initial partial ACATS out requested at receiving brokerage4/15/25 – CPC $3k payoutin progress: downgrade CPC status; close savings; clear out brokerage account with partial ACATS and then transfer remaining cash via ACH after brokerage unfrozen (~week after ACATS)
Have done this churn a few times now.
You can’t edit any comment using the formatted list or it will lose it forever…
Great, DP, I am planning to upgrade to CPC this weekend. P2 is still waiting for savings and an additional bonus, but this DP will help and won’t open the new account.
So, P1 already got the full $900?
How long after receiving the bonus or from coupon enrollment date do you plan to downgrade CPC status? Do they take the bonus back as Etrade needs you to hold it for 1 year after transfer to avoid clawback
Ah! I never noticed that, thanks.
Lol, np…annoying but it is what it is. Even if there was a fix I get the feeling Will is like, F that, deal with it.
I believe it should not matter, but I just thought of confirming. If you bring in, let’s say, assets worth 500 K+ on day 15, and due to market fluctuations, if portfolio value drops below 500K on Day 45, would you still receive a 3K bonus?
It has to be $500k on day 45 I think per the terms saying that’s when transfer is assessed. But I don’t know practically speaking. I’ve always above the threshold (on transfer $ and balance at day 45).
It only matters what the value is on the day that the assets are transferred in.
https://www.doctorofcredit.com/are-brokerage-bonuses-affected-by-market-downturns/
Thanks. Per the printed bonus tracking sheet, (Net) New money inflows in the first 45 days determine the bonus, so market fluctuations shouldn’t matter.
“At day 45, the bonus tier will be determined in the following manner: New Money Inflows Cash Bonus $150,000‑$249,999.99 $1,000 $250,000‑$499,999.99 $2,000 $500,000+ $3,000″
I can confirm what Chris says is true, back in 2023 when I did this bonus I transferred in a position of all one stock and it tanked well below the threshold before the 45 day mark after transferring in and I still received the 3k bonus. Assets being valued on day of settlement to calculate the bonus is almost universal across every brokerage platform for bonuses. The only outlier is WellsFargo where they tell you straight up it needs to be 250k + at all times because its a checking account bonus that lets you use WellsTrade to get to the required level.
I’ve churned this 2x. Per my own DP on the latest churn:
I transferred in stocks totaling over 250k in March (pre-tariff nonsense)
Received bonus on May 7 for 2k. My portfolio has not yet recovered the value of 250k.
I should note that the value dropped below $250k post tariff news and was definitely not over that amount on day 45.
While harder to get opened, this is a pro for JPM vs the WF Premier bonus which has stricter balance terms–there is some thinking that WF checks the value at EOM only, however.
So, I submitted a full account transfer request to bring the entire account in-kind from Fidelity. When I submitted the request, I got a red exclamation mark/flag on the “Reviewed by us” step, saying, “Please Note: We may need additional information. Please check the Secure Message Center for notices regarding your open requests.
Nothing in the secure message, so I sent them a message to confirm the request is received, and the account will transfer in-kind seamlessly. Didn’t receive any message, but then got a call from the advisor asking me to send him the statement, and he will send me the DocuSign and submit the request.
One thing to note is that I didn’t link the Fidelity account; instead entered the info manually during a transfer request submission.
Is that normal flow for you as well?
Jay,
Chris
If you didn’t link/login fidelity, they are wanting to confirm you own the account.
I always link because I don’t want to deal with paper forms.
I know you’ve had your full service brokerage for years now. Does it still have a private client advisor at a branch attached to it or did they assign it to the generic “Financial Advisor” after a certain amount of time?
You can wait to receive the $900 and then upgrade if you’re really concerned. But it doesn’t really matter. CPC is more a balance related bonus. Just maybe ensure youre meeting the savings requirement ($15k) separately and not double counting for CPC.
Any reports of 5K/500K mailers this year?
To those hitting this, I kneel.
I don’t understand