Posted by Chuck on January 16, 2018
Bank Account Bonuses

Published on January 16th, 2018 | by Chuck

682

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

Update 01/16/18: Bonus is back and valid through March 3rd, 2018. Hat tip to reader banyue.

Update 01/09/18: Bonus has expired early and is no longer available. We will repost if when we find a working link.

Update: We’re now into 2018, so just reposting this again. I really like to get my Chase checking/savings bonuses out of the way as early as possible so if you’re eligible I’d recommend doing it now. That way if any changes are made at least you’ve done the bonus. In addition $300/$200 is as good as it really gets (sometimes there are $300 savings bonuses but they require a much higher deposit).

Reposting because bonus is back until January 16th, 2018. This is particularly interesting because you’re limited to one bonus per calendar year, this means that people that have already done the bonus in 2017 should sign up for this coupon now and then wait until 2018 before signing up for another bonus. Keep in mind you’re not eligible if your account has been closed in the last 90 days and the original account must have been open for six months otherwise you lose the bonus. If you are in this situation I’d get the coupon now as the links often die early and your coupon will be gone through January 16th, 2018. Hat tip to reader Chhavi

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 August 7, 2017 September 28th, 2017. November 20th, 2017 January 16th, 2018 March 3rd, 2018 Often expires early so don’t leave it to the last minute.

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 9/28/17. 1/16/18
  • 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.

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. There is also a $300 business checking bonus you can currently do in branch. Thanks to Out Of Toilet Paper for finding the latest link.

Useful posts regarding bank bonuses:



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682 Comments on "Chase $500 Checking and Savings Bonus Publicly Available [In-Branch Only]"

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a bird
a bird

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?

William Charles

Like others pointed out, get bonus and then downgrade. No fee charged for first 2 months.

LiberalValuesDestroyedAmerica
LiberalValuesDestroyedAmerica

I tried an offer match I opened 350 bonus a few days before this. It didn’t work , no cigar

Phineas
Phineas

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

Ariel
Ariel

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

Jags
Jags

They really busted my chops when I tried to open the business checking account last year so I gave up. I went to two different branches and they all wanted documentation about my “business”.

I guess they looked at the computer and saw how many times I’ve done the personal Chase bonus (this year will be 5 years in a row!) and decided to be jerks. It is starting to get awkward going in with the personal bankers and having them see just how many Chase accounts I have. At least I’m a heavy user of their credit cards.

William Charles

Me too!

JT
JT

Same here. Got it last year and currently holding out for the $500.

Mike L
Mike L

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

Max
Max

Just put a direct deposit in it.

Guy Bucktastik
Guy Bucktastik

It’s actually a $1200 cd, 50% apy

Mike L
Mike L

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

Guy Bucktastik
Guy Bucktastik

Step one – put $1200 in account

Step 2 – get $300 bonus.

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

TJ
TJ

Mike, usually the bonus posts within days.

MIke L
MIke L

I see. Unfortunately it took longer for the $300 to post for me last time.

Guy Bucktastik
Guy Bucktastik

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
Mike L

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%.

Superchurn
Superchurn

i like the way you think sir

Maddy
Maddy

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

Dmitry
Dmitry

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.

Patti
Patti

Dmitry, Did you get the Chase checking bonus for 2017?
I’m in the same situation as you. Opened July 2016, closed Jan 2017.
Back in Feb or March Chase offered a lesser bonus but one could apply online. I was denied but it didn’t say why. My husband and son were also denied though we’ve been hitting M&T pretty hard until recently. I wonder if the odds of being approved are better in branch?
Maybe I’ll wait until early November after I close out another M&T account. I don’t want to drive 45 mins to a Chase branch only to be humiliated. 🙁

Frito Pendejo
Frito Pendejo

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.

Max
Max

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

William Charles

Thanks, added.

yong
yong

WF ACH worked as DD for 2 to 3 years then it did not work this year.
The good thing is that you’ll found right away (within a week) . The Question is What really work? I saw so many worked before and now failed. Thanks!

Markie
Markie

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

NBG
NBG

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.

Jeff
Jeff

Live in North Carolina. Opened in a central Florida branch in July for the previous offer. Both my wife and I. No problems whatsoever. Already got our bonuses.

KP
KP

I live in Philly and plan to drive up to the Trenton branch. Which branch did you try first and which one worked for you?

SkinnyElvis
SkinnyElvis

I live in the 215 and I stopped at the Branchburg office inside a shop rite and opened an account without a problem. The banker noted I was from PA and I told him the truth which was I was nearby for my dtrs softball tournament which was between games.

NBG
NBG

Ewing branch worked and good folks there.. My first try was at Trenton and they flat out denied. The branch was in itself uninviting inside as if no one cared.

KP
KP

Awesome. I’ll just go on to the Ewing branch and won’t bother with the Trenton one. Thanks for this.

NBG
NBG

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

Stingerzing
Stingerzing

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?

Chao
Chao

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

William Charles

Lots of DP linked here: https://www.doctorofcredit.com/knowledge-base/list-methods-banks-count-direct-deposits/#Chase. Linked at the top of the post as well.

yong
yong

There are 2 kinds of DD, one for Bonus and the other to waive the fee.
Now it seems getting difficult for the ‘alternative’ DD to trigger Bonus.
What’s working in the past may not work in 2018. Nobody mentioned
what kind DD to waive the fee? It should be ANY ACH from any bank,but I;m not sure. Hope someone give us a definitive answser.
Thanks in advance.

Jeff
Jeff

Adding another data point for Chase…both my wife and I were able to trigger the direct deposit using Robinhood. I love that little app. Will keep moving $500 in and out from there for 6 months to keep fee free.

Waqas
Waqas

How long did it take after Robinhood was posted?

paz
paz

Chase posts bonus in batch for the previous week’s qualified accounts every Tues, so plan to get your RH DD in your Chase acct by the previous Fri.

Michael
Michael

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!

Charlie
Charlie

As a foreigner, the bank asked my driver lisence and passport.

Jim
Jim

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

Kumar
Kumar

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.

Jim
Jim

Yea, once per calendar year, so you should be fine opening a new checking

Kumar
Kumar

Thank you Jim!!

Johnz
Johnz

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.)

Rob
Rob

I took my name off of a joint Chase checking account a few days ago. The account is still open, just only in my wife’s name now. Does anyone know if I would be eligible for the bonus or would I have to wait 90 days?

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