Note: There is a $900 checking & savings bonus as well. This $400 bonus is only worth considering if you’re unable to complete the savings portion of that offer (requires $15,000 deposit for 90 days).
Offer at a glance
- Maximum bonus amount: $400
- Availability: Nationwide, online or in-branch
- Direct deposit required: Yes, $1,000+ within 90 days. Click here to view what triggers this bonus.
- Additional requirements: None for checking; $15,000 balance for savings
- Hard/soft pull: Soft
- ChexSystems: Doesn’t pull
- Credit card funding: Can fund up to $50 with a debit card online (prepaids do not work). Cannot fund with debit or credit in branch.
- Monthly fees: $12, waivable
- Early account termination fee: None
- Household limit: None listed
- Expiration date: 04/15/2026
Contents
The Offer
- Chase is offering a $400 bonus when you open a new total checking account and complete the following requirements:
- Make $1,000 in direct deposits within 90 days of account opening
The Fine Print
- You can receive only one new checking account opening related bonus every two years from the last coupon enrollment date and only one bonus per account
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
The Chase Total Checking account comes with a monthly service fee of $15 which is waived if complete any of the following:
- Have monthly 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
New accounts will not be charged a Monthly Service Fee for at least the first two statement periods.
Early Account Termination Fee
There is no longer any EATF.
Referral
You can use a referral for this bonus. The person signing up gets the standard $400 bonus, the person referring gets $50. You can find referrals in this linked post. Please do not share referrals in the comments below and remember there is no advantage to using a referral link for the person signing up apart from helping somebody else get $50.
Our Verdict
The $900 bonus is better unless you don’t have the funds available as it works out to be over 13.3% APY for that 90 day hold period. Obviously not everybody has access to $15,000 and can hold it for 90 days so this is an extra $100 over the standard $300 checking bonus. We will add this to our list of the best bank account bonuses.
Hat tip to reader Montgomery
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
