[Expired] Publicly Available: Chase $500 Checking and Savings Bonus (personal, not business)

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’ll have it to use before July 15 when the coupon expires.

[We reported two weeks ago about a $500 business offer; this offer is something different for a personal checking and savings account. You can do both the personal and business offers.]

Maximum bonus amount: $500
Availability: Nationwide (must open account in branch)
Direct deposit required: Yes, no minimum. Click here to view what triggers this bonus.
Additional requirements: None
Hard/soft pull: Soft
Credit card funding: Not available when opening in branch
Monthly fees: $10-12, waivable
Early account termination fee: Bonus taken back if closed within six months
Expiration date: July 15, 2016 (although these coupons might only have a limited number available)

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
4 Our Verdict

The Offer

Direct link to 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 and set up direct deposit
Receive a bonus of $200 when you open a Chase savings account and deposit $15,000 or more in new money within 10 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)
Direct deposit must be received within 60 days of account opening
“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 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 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, there is only a certain amount of them before they run out – if you’re thinking of doing this deal I’d recommend acting quickly to get the coupon. You’ll then have until July 15 to get to a Chase branch.

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

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 is weird and always posts the bonuses 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 $1,500 from the savings to the checking account. Then transfer $13,200 to your regular high-interest savings account. Be sure to leave $300 in the savings account to keep it fee-free.
Wait until 6 months after the opening date.
Withdraw all funds & close the accounts.

Chase bank bonuses are one of the best bank bonus there is. There is no minimum on the direct deposit requirement, it’s easy to keep the account fee free and the bonuses are massive as well. If you’ve never completed a bank bonus before, this is the one to get your feet wet with. We’ll be adding this bonus into our list of Best Bank Bonuses while it’s available.

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 log out and click the link again to get a second unique code.

Another interesting thing is that we had a similar publicly available offer one year ago exactly, and both have the same expiration date of July 15. Seems like an annual summer marketing campaign.

Best case scenario

Here’s the best case scenario for your imagination: You go into a Chase branch with this $500 coupon and the $500 business coupon (the business coupon expires soon – June 10). While you are there opening the bank accounts, the Chase banker tells you that you were targeted for an INK 70k offer (this happened to a DoC reader) and a CSP 50k offer, both with annual fees waived the first year. Since these credit card offers were pre-qualified offers, you get approved for them past 5/24.

Half hour later, you waltz out of Chase $1,000 and 120,000 UR points richer.

Likely? Maybe not. But we can always hope. 🙂

HT: thebigfatbitch on r/churning

Useful posts regarding bank bonuses: