This deal has now expired, you can view the best bank bonuses by clicking here.
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 it will last. You don’t need to complete the offer right now, but go ahead and click the link and get the coupon now, so you have until March 7 to get to a branch and open the account.
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: March 7, 2017
The Offer
The link will prompt you to sign into your Chase account and will then generate a unique coupon code. You need to print out the coupon and bring it into your local Chase branch to get this 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
The Fine Print
- Offer not available to existing Chase checking customers, or those who have had accounts closed in the last 90 days (or with a negative balance)
- You can receive only one new checking and one new savings account opening related bonus per calendar year and only one bonus per account
- 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”
- Must open account in branch
- Bonuses will appear within 10 business days of meeting the requirements
- Interest rate on the Chase savings account is 0.01%
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
With these e-mail coupon bonuses, they sometimes run out of coupons fast. If you’re thinking of doing this deal I’d recommend acting quickly to get the coupon. You’ll then have until March 7 to get to a Chase branch and open the account.
Here’s how I’d 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 bonus 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 or just the savings if you prefer not 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.
It’s interesting to note is that the above link is capable of generating multiple unique coupon codes to the same Chase account. So if you want to save a second code for a friend, just reload the page and you’ll see another unique code.
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.
Hat tip to merakik on Reddit
DP:
Open account on 07/05
Airbnb payout on 07/11
Got the $300 bonus pending on 07/18
Does the 15000 deposit to savings account need to be in one lump sum? Can I, say, deposit one 10000 atm check, 3000 in cash, 2000 mobile checks?
DP: Alliant, Barclays Savings both did not trigger the Chase checking bonus. Both processed as ACH.
(I have used the Barclays before to trigger the same bonus last year, so Chase must have changed how they process.)
Thanks, updated post.
Just wanted to chime in and say it seems Barclays does not work any longer for Chase. I was a previous data point that worked (have done this 4x in the past) and it did not work this time. A normal work DD did work so it was not my account. There seems to be an additional DP in the Chase thread. Just a heads up to the mods.
Got the $200 Savings Bonus! However, online, the checking acct disappeared, only saving is visible. Could it be possible that Chase closed the Checking automatically ( might have left it w/ 0 balance).
Both checking and saving accounts were opened at once in Feb. left saving w/ 15K, Got $300 for checking a while back. Is it a bad thing that Chase closed it?
It could be very bad. Chase is famous for “exercising its rights to close customer accounts and cease business with you forever”.
Savings has been open, today is 91-day mark, no bonus yet. Anyone got saving’s $200 bonus? if so, how long does it take?
Chase tends to post bonuses on Tuesdays, so give it another week. And I believe it’s 90 days form when your $15k deposit posts too. Usually this is the case in general.
Opened Chase Total Checking on 4/12. TopCashback payout on 4/19 (less than $100).
Posted as: TOPCASHBACK CREDITS PPD ID: XXXXXXX ACH credit
Got the bonus on 4/24
$300 for New Checking
Misc. credit
DP: Push from Amex Personal Savings did not work for DD bonus for Checking Account.
2/23/17 – opened account with $25
3/01/17 – payroll DD and ACH from Wells Fargo, both appear to count as DD
3/07/17 – $300 checking bonus!
I opened the savings account and am just waiting for the 90 days to pass. Also opened business account so I should clear $700 for this promo.
The nearest Chase branch is about 4 hours away from me, but I had to visit a supplier that’s about 3 hours away in the same direction. I figured $700 was worth a 2 hour detour. 🙂
I don’t see myself churning this one. It’s not easy to get to a branch and I’m hoping the banking relationship will help me get some cards I want but can’t get due to 5/24.
Thanks DoC!
Glad you got it Curm, having a deposit account will likely help with pre-approvals so make sure you check your selected offers for you. Sometimes they have $300 Premier bonuses that can be opened online, so that could be an option for you next year.
Topcashback withdrawal via ACH worked for DD @ Chase, it was coded CREDIT:PPD amount was a couple dollars. Posted in a week, on a Tuesday.
What was exact amount? Saw DP that $0.25 failed, I just tried $2 but won’t know own until next Tuesday.
$2.22 withdrawal from Topcashback to Chase (whatever I had available to cash out) Key is to look for CREDIT: PPD under the description