Update 8/5/20: We now have a direct link. This is a public offer available for everyone, online or in branch. Hat tip to reader Kenny Shaw
Update 8/4/20: Deal is back, it’s targeted and requires you to input e-mail. Fingers crossed we get a working link.
Offer at a glance
- Maximum bonus amount:Â $600
- Availability: Nationwide, though the online link won’t work unless you have a branch in your state.
- Â Direct deposit required:Â Yes, no minimum. Click here to view what triggers this bonus.
- Additional requirements:Â None for checking; $15,000 balance for savings
- Hard/soft pull:Â Soft
- Credit card funding:Â Can fund up to $50 with a debit card online (prepaids do not work). Cannot fund with debit or credit in branch.
- Monthly fees:Â $12, waivable
- Early account termination fee:Â Bonus taken back if closed within six months
- Household limit: None listed
- Expiration date:Â Â
January 17th, 2019 March 5th, 2019 March 23rd, 2019 April 23rd, 2019September 28th, 2019April 27, 2020October 1, 2020
Contents
The Offer
- Chase is offering a checking & savings bonus worth up to $600. Bonus is as follows:
- Receive a bonus of $300 when you open a Chase Total checking account
with $25 or moreand have a direct deposit post to the account within6090 days. - Receive a bonus of $200 when you open a Chase savings account and deposit $15,000 or more in new money within 20 business days and maintain a balance of $15,000 for 90 days.
- Receive an extra $100 bonus when you complete both of the above bonuses.
- Receive a bonus of $300 when you open a Chase Total checking account
The Fine Print
- 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.
- To receive the $300 checking bonus: 1) Open a new Chase Total Checking account, which is subject to approval; 2) Deposit $25 or more at account opening; AND 3) Have your direct deposit made to this account within 60 days of account opening. Y
- our direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. After you have completed all the above checking requirements, we’ll deposit the bonus in your new account within 10 business days.
- To receive the $200 savings bonus: 1) Open a new Chase SavingsSM account, which is subject to approval; 2) Deposit a total of $15,000 or more in new money into the new savings account within 20 business days of account opening; AND 3) Maintain at least a $15,000 balance for 90 days from the date of deposit. The new money cannot be funds held by Chase or its affiliates. After you have completed all the above savings requirements, we’ll deposit the bonus in your new account within 10 business days.
- To receive the extra $100 bonus: You must complete all requirements above for BOTH the checking bonus and savings bonus.
- After you have completed all requirements, we will deposit the remaining bonus due in your new checking account within 10 business days.
- You can receive only one new checking and one new savings account opening related bonus every two years from the last enrollment date and only one bonus per account. 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
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
This is the best public bonus we’ve seen on this account. Previous best was up to $525. Keep in mind the new language. The link itself doesn’t seem as generic as some other links do, but I played a bit with the URL string and other numbers seem to work so if each link is single use it might still be possible to change characters to get it to work. Let’s hope it’s not single use. This is definitely worth considering if you can do both bonuses, and I’ll be adding it to the best checking & savings bonus page.
RELATED: PSA: Don’t Use ACH-Pull for Chase Bank Account Openings, Avoid Account Lockup
Big thanks to reader, Jason W who let us know. Learn how to find bonuses and contribute to the site here.
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 5/1/20: New link added. Valid until July 2nd. Keep in mind there was a $900 deal recently, not sure if we will see that come back given the current market conditions. Hat tip to Brian L
- Update 2/28/20: New link found. Works online or in-branch. Valid through 4/27/20. Hat tip to reader Charles (we did have a $900 deal recently, but I’m not sure it’s worth waiting for that to come back).
- Update 9/29/19: Link is actually working again
- Update 9/22/19: Deal has been extended until 11/18/19. Hat tip to Andrey D
- Update 8/6/19: Deal is back and valid until 09/28/19. Hat tip to Hiep Thong Nguyen
- Update 8/2/19: Deal is back and valid until 8/6/19. Hat tip to intervested99
- Update 6/11/19: Deal has been extended through 8/6/19. Updated link below. (ht Du Zhao)
- Update 4/20/19: Deal has been extended until June 15th, 2019. Hat tip to reader bholden1
- Update 3/24/19: Deal has been extended until April 23rd, 2019. Hat tip to reader Abey
- Update 2/27/19: New working link found. Thanks to reader Cari
- Update: 1/15/19: Another new working link found. Do this quickly if interested as last time Chase pulled the link within a day or two. Hat tip to reader naimsalman.
- Update 1/9/2019: New working link found. Valid until January 17th, 2019. Hat tip to reader An Xiao
- Update 11/15/2018: New working link found. Valid until January 12th, 2019.
This bonus contains language stating:
- You can receive only one new checking and one new savings account opening related bonus every two years from the last enrollment date and only one bonus per account. Bonuses are considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).
Previously you could do these bonuses once every calendar year.  More information on that change here.
Chase Checking
6/1/20: Chase Checking Acct opened (Total Checking)
6/23/20: Suncoast Credit Union $500 DD
6/30/20: $300 bonus posted as “$300 for New Checking”
Chase Savings
6/1/20: Chase Savings Acct opened
6/18/20: Ally $7.5K ACH
6/22/20: Ally $7.5K ACH
9/15/20: $200 bonus posted as “$200 for New Savings”
Note: Maintained account balance of $15K during this period
Chase Bundle Payment
9/15/20: Extra Bonus Payment of $100 posted for opening Checking & Savings together
DP: Applied for both accounts on 9/12. Transferred $15k from Ally to Chase Savings in one shot. Chase app checklist for bonus acknowledged. No account lock up. Waiting for DD for Checking account.
I don’t see the $25 requirement in the fine print for the checking deal?
“The coupon code you entered can only be redeemed for your savings account.
Please choose “Continue” to complete your application with the coupon applied to your savings account only.”
Lame they just want my 15k
I get the same message. I believe it’s because it’s been less than two years since I previously enrolled in the bonus on the checking account. My two years is up next Friday, so I’ll try again then.
I guess it’s good and bad news… What would be really crappy if they let you proceed without telling you,
Jeffrey! Which, honestly, is what most banks would do.
I’m about 8 days out from being able to churn this bonus and the warning pop-up is still coming up too. Seems to be accurate. If it is, should disappear no later than next Monday or Tuesday.
Snowbird
I assume you can transfer out the $15K down to 1.5K once you meet the bonuses but before the extra $100?
Yes. There will be a bonus tracker of sorts that shows when you have completed the requirements. Once they are all met you can transfer out any amount you wish.
Is there a bonus tracker for Chase checking bonuses? I wasn’t aware of that.
A few people report seeing the bonus tracker in app only, and not on the website.
Yes, when you download the app the checking and savings separately show you the progress on the bonuses. Too bad not every bank has that.
Thanks! I see the tracker as well in the app
You are confusing the 2 bonuses. The savings only needs $300 to avoid the fee. The checking needs $1500. To answer you question, you can withdraw the $15K (minus $300) once you pass 90 days.
Was just charged a $5 fee for the savings account despite having $15,000 in there since 8/18. The savings says the fee can be avoided if the minimum daily balance is at least $300 which I certainly met. Now the account is below the $15,000 threshold for the bonus. I inquired via SM and am confident they will refund the fee but am worried about now not meeting the terms for the bonus. Any thoughts? Has anyone experienced this?
What a huge bummer. Enough similar stories and hassle that it’s usually a good idea to have at least .$25 above the minimum balance
Lesson learned I guess but according to account fee requirement terms I should not have been charged a monthly fee – is this correct or am I missing something about how “minimum daily balance of $300” is calculated?
You might still get the bonus. Sounds unlucky and unwarranted, but not unprecedented to deal with this. Who knows, they may have some automated system that looks at the end of day balance for 90 consecutive days. Dunno if it makes a difference if the fee is “removed” rather than “refunded” or “credited”, if it’s even possible.
Is 8/18 the day you opened the account? If so, you should have a good argument.
No, opened 8/5. The fee should still be nil though because the minimum daily balance was definitely above $300 for the statement cycle (my 15k settled in the account one or two says after the cycle began).
I checked P2s statements from the same bonus that was completed a few months ago and there was no fee charged for the exact same scenario with a nominal amount in the checking and $15k even in the savings.
They responded to my SM saying that it was a fee for having more that 6 withdrawals in the cycle although I had 0 withdrawals and the statement and the charge both clearly say it was an account fee. I responded saying as much and am still waiting to hear back.
That’s exactly why I deposited a $15005 check on the day I opened the account. I didn’t want any issues later.
Lesson learned for me, so frustrating.
Did Chase get back to you?
They responded to my SM saying that it was a fee for having more that 6 withdrawals in the cycle although I had 0 withdrawals and the statement and the charge both clearly say it was an account fee. I responded saying as much and am still waiting to hear back.
Direct link no longer working. Found $300 offer, https://accounts.chase.com/consumer/banking/online/seopp, and $200 offer, https://accounts.chase.com/consumer/banking/online/seo.
Direct link is still working fine for me.
Hi,
I opened a Finn Savings Account in June 2018, got the bonus in June/July 2018, and closed the account in October 2018. Do you think I am okay to sign up for the chase checking account and get the bonus, since my enrollment date is + 2 years?
Would my wife be able to open an account and get the bonus even if she was recently added as a cosigner to my chase checking account?
The savings offer is not worth it. Trying to fund the account is a massive headache that requires calling them to unlock your account or going into a branch.
There are numerous DPs of funding the savings via a push from other bank without the account being locked.
Does this qualify as push from another bank? Transfer $15,000 to Chase Savings from Ally account in one shot.
Push means doing the transaction from the other bank, ie Ally.
With the reports here, it may be better to transfer smaller amounts, say $5k a day for three days to avoid account lockout. Chase may also have per day limits.
I did that without issue. Have been an existing customer with other accounts at both banks for several years, maybe that helped.
Yes, I had this work as well, but it’s still a massive pain (I posted that while on hold for over 2 hours). It should at least be stickied as a warning so that other people don’t have to deal with that.
I’ve dealt with Chase before as a bank account and credit card customer, and this was still new to me (apparently it’s been around for about 18 months)
I had a lot of trouble with funding the savings account. I figured out the issue. Chase does not support pulling money from an external account. But pushing money from an external account to chase worked fine without issues.