Deal has expired, view the best current checking bonuses by clicking here.
Update 1/12/19: Deal is back and valid until March 4th, 2019. Hat tip to reader Beefer.
Update 11/2/18: There is a new working link. Valid until November 30th, 2018. Keep in mind this contains the new two year language. Hat tip to MtM
Update 2/11/18: Reader Chong786 found a working link.
This page isn’t currently generating usable promotional codes. We will update this page if that changes, read the comments for more information.
Offer at a glance
- Maximum bonus amount: $200
- Availability: In branch only
- Deposit required: $15,000
- Deposit length: 90 days
- Hard/soft pull: Soft
- ChexSystems: No
- Credit card funding: Not available when opening in branch
- Monthly fees: $10, avoidable
- Early account termination fee: Six months bonus forfeit
- Household limit: None
- Expiration date:
April 30th, 2018 November 30th, 2018March 4th, 2019
Contents
The Offer
- Chase is offering a sign up bonus of $200 when you open a new Chase business savings account and deposit $15,000 or more within 10 days and maintain that balance for 90 days
The Fine Print
- Savings offer is not available to existing Chase Business Savings customers, those with fiduciary accounts, or those whose accounts have been closed within 90 days or closed with a negative balance.
- To receive the bonus: 1) Open a new Chase Business Total SavingsSM account or better, which is subject to approval; 2) Deposit a total of $15,000 or more in new money within 10 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 requirements, we’ll deposit the bonus in your new account within 10 business days.
- For a Chase Business Total SavingsSM account, the Annual Percentage Yield (APY) for all balances is effective as of 08/22/2017 and may change at Chase’s discretion. The APY is 0.01% for all balances in all states
- . Interest rates are variable and subject to change. Additionally, fees may reduce earnings on the account.
- ou can receive only one new business savings account opening related bonus every two years from the last enrollment date and only one bonus per account.
- The bonus is considered interest and will be reported on IRS Form 1099-INT.
- If the savings account is closed by the customer or Chase within six months after opening, we will deduct the bonus amount for that account at closing.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
$10 Monthly Fee
This account has a $10 monthly fee, this is waived if you do any of the following:
- Maintain an average ledger balance of $1,000 or more in your Chase Business Total Savings account or better; OR,
- Maintain a linked Chase Business Total Checking® account
Early Account Termination Fee
Account needs to be kept open for at least six months otherwise you forfeit the bonus.
Our Verdict
This works out to be an annualized return of a little over 5%, pretty good deal (compare this to other high interest accounts). If you’re going to go in branch to do this deal, keep in mind you can also do the following:
- Chase Business Total Checking $300 In Branch Bonus – No Direct Deposit Required
- Check for pre-approved cards, as this bypasses the 5/24 rule
I’ll be adding this to our list of the best business bank bonuses. There is also a $600 checking/savings personal bonus that can be done online.
RELATED: PSA: Don’t Use ACH-Pull for Chase Bank Account Openings, Avoid Account Lockup
Big thanks to reader, zackiv31 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
4/6/19 15k in
6/4/19 200 bonus posted, so exactly 90 days
My bonus posted on the Tuesday after requirements were met.
2/28 – Opened and deposited $15K.
5/29 – Maintained balance for 90 days.
6/4 (Tuesday) – “$200 for New Savings”.
6/5 – Withdrawing $14,200.38.
Any updates links/dates for this offer? Or is it set to expire on March 4th?
no longer available – just called chase branch and confirmed. only the $300 business checking one available.
received $300 offer for depositing 25k in savings
Was this by mail? Email?
I just received a $300 targeted offer in the mail for a Chase Total Business Checking Account. The requirement is just $1,000 in new money deposit(s) and 5 transactions in the first 60 days. I must maintain the $1,000+ balance for the 60 day period.
I’m not sure I understand. $15000 deposit for $200 is a 1.33% return right? MySavingsDirect has a 2.40% return. Is there something I’m missing?
Nevermind: I see we have to calculate it only for 90 days
Would this count towards the 75K required for Sapphire Banking or does Chase consider Business and Personal separate?
I was told in branch, by my banker, that this does not. However, I did open up a personal savings account ($300/$25k offer) and was told that would indeed count towards the $75k requirement.
I received a $500 checking/savings in branch coupon in a Valupak. Does not appear to have 2 year language. Is that a known work around? I did checking almost exactly a year ago.
That’s pretty rare. I’d jump on that offer instead of one with the 2 year wording. This way you can take advantage of the offer now instead of waiting 2 yrs.
Interesting, if you go for it and it works let me know please!
William Charles Extended to 03/04/2019
https://accounts.chase.com/consumer/business/online?px=RH76772&jp_aid_a=/Acquisition/BusinessBanking/BBSavDeep200&jp_aid_p=chasehome_3/tile1
William Charles The direct link to the offer needs to be updated with the link above. Current link is still the one that expires on 1/15
Ty, fixed
Contains two year language. You may want to update the post. 🙂
Thanks, will do
just generated a coupon, does have the 24 month language in the email…