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: $600
- Availability: Nationwide, though the online link won’t work unless you have a branch in your state.
- 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: 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: Bonus taken back if closed within six months
- Household limit: None listed
- Expiration date:
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.
Just opened chase total checking after being targeted for $225. AFTER opening I received a notice that says “Your account is open, but we couldn’t apply your coupon at this time.” Anyone else have this happen? Last closed this account almost three years ago.
Maybe send a secure message and see if they can apply the coupon.
That worked – thanks
Nov16 account opened
Nov17: $1500 Push from T-Mobile Money
Nov23: $225 bonus posted
chase starting sending mails with $225 bonus.
New DP. Opened Chase checking account, made $500 ACH from Brex which coded as DD on Nov 5, $225 bonus posted Nov 9.
I received an email from Chase today (10/22/2021) with an offer to open a Total Checking account, set up DD and get a $225 bonus. I had a unique offer code in my email. Check your email/spam folder folks and good luck!
Same here. Says offer ends 1/19/2022.
I forgot the requirement for 6 months and closed my account with zero balance. How will they get back the bonus?
“Enjoy $225 as a new Chase checking customer, when you open a new Chase Total Checking® account and set up direct deposit within 90 days of coupon enrollment.”
No, better to wait IMO
I am going for the $225 offer. Been almost a year since the $300 offer was available. That and the difficulty of figuring out what counts as DD now has me thinking Chase is clamping down even further.
The bonus is only $225 but I think it’s still worth it instead of waiting for a higher offer since you can only get the bonus every two years. You may use your friend’s referral link.
Looks like this is back for $225 for a single direct deposit within 90 days of enrollment. Expires 10/18/21.
https://account.chase.com/consumer/banking/seo?jp_aid_a=T_65596&jp_aid_p=chasehome_3/hero
Bonus info – Offer not available to existing Chase checking customers, or those whose accounts have been closed within 90 days or closed with a negative balance within the last 3 years. 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. Coupon is good for one-time use.
Early account termination (within 6 months of opening) results in deduction of the bonus amount at closing.
Wish there were more data points about this bonus.
I’m going to try the following:
mercari, raise, wise, and two local credit unions
I’ll update what works if anything
Did any of them work for you?
I’m trying Ebay managed payments, Movo cash, Transferwise, Huntington Merchant Bill pay service, and a local credit union. Hope I get something to post.
Any luck with any of them?
From my side I’ll be doing Coinbase, Ally Invest, US Bank, and Wells Fargo. I’ll update if I get the bonus.
coinbase does not work 🙁 ACH credit
This has been easy in the past, but maybe more challenging now. I pushed $ from etrade brokerage and Schwab brokerage on 8/20. Both were ACH, but they have not yet triggered the bonus status tracker on the app. An Amazon payment (also ACH) is pending, and I just initiated a push from Provident CU. It’s possible the tracker is slow to update, although it says “it could take 2 days for your status to be shown here.”
DP – Bonus-earning and account-closing data points:
– 6/9/2020 – Accounts (Savings and Total Checking) opened
– 6/11/2020 – Deposited $525 into the checking account from CIT Bank
– 6/11/2020 – Deposited $15,100 into the savings account from CIT Bank
– 6/12/2020 – Deposited $375 into the checking account from E*Trade
– 6/15/2020 – Deposited $1100 into the checking account from E*Trade
– 7/1/2020 – No bonus received
– 7/2/2020 – Deposited $19.31 into the account from Mercari
– 7/6/2020 – Deposited $25 into the account from Poshmark
– 7/14/2020 – $300 bonus deposited into the checking account
– 9/15/2020 – $200 bonus deposited into the savings account
– 9/15/2020 – $100 bonus deposited into the checking account
– 6/24/2021 – Requested that accounts be closed (over-the-phone).
– 6/25/2021 – Accounts closed