Posted by William Charles on January 12, 2018
Bank Account Bonuses

Published on January 12th, 2018 | by William Charles

95

Chase Business Total Checking $300 In Branch Bonus – No Direct Deposit Required

Update 01/12/18: Bonus is back and valid until February 22nd, 2018. Thanks to blueeyes_austin. Keep in mind some people are being targeted for a 30,000 UR offer as well.

  • Maximum bonus amount: $300
  • Availability: Nationwide (not truly nationwide as not all states have branches)
  • Direct deposit required: None
  • Additional requirements: Deposit $1,000 & maintain it for 60 days. Complete five qualifying transactions
  • Hard/soft pull: Soft
  • ChexSystems: No
  • Credit card funding: Not available when opening in branch
  • Monthly fees: $12, avoidable
  • Early account termination fee: Six months, bonus forfeit
  • Household limit: None
  • Expiration date: December 22nd, 2017 February 22nd, 2018

The Offer

Direct link to offer

  • Chase is offering a bonus of $300 when you open a new Chase Total Business checking account and complete the following requirements:
    • Deposit $1,000 in new money within 10 business days & maintain that balance for 60 days
    • Complete five qualifying transactions within 60 days of account opening. Qualifying transactions are:
      • Debit card purchases
      • Checks paid
      • Chase QuickDeposit
      • ACH (Credits and Debits)
      • Wires (Credits and Debits)

 

The Fine Print

  • To receive the business checking bonus:
    • 1) Open a new Chase Total Business Checking® account, Chase Performance Business Checking® (or Chase Performance Business Checking® with Interest) account or Chase Platinum Business CheckingSM account, which is subject to approval;
    • 2) Deposit $1,000 or more in new money into your new checking account within 10 business days of account opening; and
    • 3) Maintain at least $1,000 balance for 60 days from the date of deposit. The new money cannot be funds held by Chase or its affiliates.
    • 4) Complete 5 qualifying transactions within 60 days — debit card purchases, checks paid, Chase QuickDepositSM, ACH (Credits and Debits), wires (Credits and Debits). After you have completed all the above checking requirements, we’ll deposit the bonus in your new account within 10 business days.
  • You can only receive one new business checking account opening related bonus per calendar year and only one bonus per account.
  • Checking offer is not available to existing Chase business checking clients, local, state or federal Government entities or agencies, Not for Profit organizations, Political Action Committees, or those with fiduciary accounts, campaign accounts, or whose accounts have been closed within 90 days or closed with a negative balance.
  • If the checking account is closed by the client 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

Chase Total Business Checking $12 Monthly Fee

Chase Total Business Checking has no monthly fee when you maintain a daily minimum balance of $1,500 or more. Otherwise a $12 Monthly Service Fee will apply ($10 Monthly Service Fee when enrolled in Paperless Statements). This is the easiest account to keep fee free.

Other ways to waive the fee: if you maintain a linked Chase Private Client Checking or Chase Premier Platinum Checking personal account. Reports indicate that Chase usually waives the fee for the first couple months.

Early Account Termination Fee

Accounts need to be kept open for a minimum of six months; otherwise, the bonus will be forfeited.

Our Verdict

Chase has offered bonuses of up to $500 on business checking accounts in the past, that was last offered publicly in September of 2016 though and it was for the performance account that was harder to keep fee free. You can get one business checking bonus per calendar year so I suspect most people haven’t done a bonus this year unless they have done the lower $200 bonus. Keep in mind you also need to have keep your account open for six months. Some people might want to wait until later in the year, but personally I am not that confident we will see the $500 bonus again (and we didn’t see a public $500 bonus in 2017) so it might make more sense to get it done now.  Because of that I’ll add it to the list of the best business checking bonuses. But remember to decide for yourself if it makes sense to wait or not.

If you go in branch to open this account, it’s also worth asking if you have any pre-approved credit card offers, as these by pass the Chase 5/24 rule (more on these offers here).

Hat tip to rct12345

Useful posts regarding bank bonuses:



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95 Comments on "Chase Business Total Checking $300 In Branch Bonus – No Direct Deposit Required"

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Duke I.
Duke I.

Im currently doing the $200 bonus business checking deal. Can I call Chase to add the $300 promo?

Jim
Jim

I signed up with the $200 offer a month or two ago, as well. Regretting a bit 🙂

Andrei
Andrei

I had mine swapped out today. Opened with 200 bonus yesterday.

Hank
Hank

William,

For the one Chase bonus a calendar year, does that mean if I open the account today (2017) and get the bonus in 2018, I can’t get the bonus again until 2019?

Duke I.
Duke I.

If you get the bonus November 23rd, you won’t be able to get it again until after August 23rd. You have to keep the account open for 6 months. Then you have to wait another 3 months to be eligible for a new bonus.

Ken
Ken

Terms state you can only receive one business bonus per calendar year, so it’s based on when the bonus is received. Get the bonus in 2017, then after 6 months (and then 3 months) have passed you can open another account for another bonus.

FLL
FLL

Only ONE bonus in a calendar year so it will be 2019 before another bonus could be earned.

Does not matter you wait 90 days after account closed. That is a secondary condition from the Once per Calendar Year that must be met.

Ken
Ken

Bonus is paid 10 days after terms are met. So if you get the bonus in 2017 why can’t you get another bonus in 2018?

Ken
Ken

Crap, I missed the part where you maintain for 60 days. Nevermind, I’m wrong guys.

Still good for $300 though.

Duke I.
Duke I.

Keep an excel files of the dates you open and close all your bank accounts. And make note the amount needed if any to keep them fee free. Doing these things will help keep track of the deals more easily.

Abey
Abey

The business is better then the personal
Because you dont need a direct deposit
And therefore im gonna go down and do it.

mu
mu

A $500 Chase business checking bonus coupon is also available, which you can usually find on eBay for about $50 (but it has higher requirements to maintain that type of account).

John
John

Can a non US citizen come in and apply with a SSN?

Abe
Abe

YMMV, most Chase branches recently updated their policy and will not accept State ID as an identification document if you are a non-citizen. You either need a Passport from your country of citizenship or some Consular ID card from your country of origin.

Nevertheless I heard that if you are lucky you may still be able to open an account with just the State ID and SS# in a few Chase branches. You will have to just try going to different branches and see.

Ender
Ender

The real problem is how they tell if you are a citizen. I was never asked such a question.

Lrdx
Lrdx

The Patriot Act requires banks to collect this info.

Every single bank application I’ve filed so far, were it for a deposit or a credit account asked if I’m a citizen or resident, if nothing else through one single checkbox, others have a dropdown to select what country am I citizen of.

ender
ender

yeah that’s true for online apps. Yet in a branch I haven’t been asked about this, might be bad memory though.

21
21

I opened personal checking & saving while H1b visa. They only asked for passport and proof of address.

John
John

Did you open the business checking as well? Did they ask for biz docs? Thanks.

Jimbob
Jimbob

Do you have to open the business account in branch? For the 5 qualifying transactions, do you have to do one of each, use debit card AND wires, etc… or just 5 of one of them?

Jim
Jim

Yep, these Chase offers are in branch only. And 5 total transactions, of which those are the qualifying types

West
West

Does Chase run anything other than Experian or Chex? Despite having the CSR, Freedom, Ritz-Carlton, and BIP. I cannot get approved for a Chase checking account of any sort. They always refer me to Experian but I don’t have anything negative. My personal accounts are with USAA while my business are with DCU none which I’ve ever had issues. I’m never given a specific or valid reason.

Jim
Jim

I’d recommend requesting your EWS (Early Warning) report, as Chase uses them in lieu of Chex. Maybe there is some faulty derogatory note recorded?

Or try another branch? I know for my family member, they have her fill out the SSN verification permission form every year, whereas I and other family/friends never encounter it.

West
West

Thank you for your reply. I know USAA runs EWS, but Ive never actually checked my EWS report. I will have to just try a different branch and hope they at least give me the reasons.

Jim
Jim

Yep, many of the major banks like Chase, US Bank, Cap One, Bank of America, Ally, etc. use EWS, so it’d be useful, if nothing else, to confirm there aren’t errors.

Cheers

Jim
Jim

Pardon, misspoke about US Bank, they use Innovis — don’t think they report to/pull from EWS

Lrdx
Lrdx

I had a hard hit on both Eq and Ex last month when I applied for a CSR.

Pete
Pete

Smooth sailing, just opened my Total Business today. I have a CIP, so they just migrated all my information over — just confirmed address, social, and business name. Didn’t even request revenues or business type, etc.

Surprisingly few people out and about today, my Chase branch only had 4 bankers in, when there are ordinarily a good dozen, yet I was one of only a few customers around

banban0215
banban0215

for real? they did not need more information? i have CIP and i just got approved with the ink cash. would really hope it goes same for me today. I live in CA.

April
April

I have my personal checking & savings account closed early November. Do I qualify for this business checking bonus?

Joe
Joe

Yes 1 bonus per category, per calendar year

April
April

Thank you very much.

Mark
Mark

Do I need a business to open such a account? I don’t have any business as I work at a per hr job

Emil
Emil

i’m just like you, hopefully someone can give us his feedback on the matter.

Ben
Ben

I just opened one today as a sole prop. They actually asked me a fair number of questions regarding my business, and I explained that I was looking into reselling on Amazon (not entirely a lie). They didn’t seem to have an issue with my business creation date (last week) and current assets (zero) in this scenario. I would have a story ready, an etsy store or web design or something.

Nopers
Nopers

Many people have a sole proprietorship, which is a business but is not a corporation or anything like that. And that can be anything you might do on the side for money – for example, selling things online. Some people actually do this, some people stretch the truth, and some people might be comfortable lying about the existence of such a “business”. But it doesn’t take much to technically have a “small business” of your own.

James
James

I successfully opened up a WF Business account this past week. I still have an open Chase checking from the $300 promo this spring. I’m thinking about going in a branch in a couple weeks and trying this one. I have an ebay store, under my SSN, just under my name, no paperwork. Anyone have luck opening one as a sole prop with no paperwork? All I have going for me is a WF business account (I’ll say I’m looking to switch to Chase and ditch them), a 6month personal checking account with Chase, and a printout of a Paypal statement showing all my ebay payments/deposits. Let me know your thoughts if its worth my time or not… thanks

A M
A M

You’re good, go for it.

In exact same boat as you (minus the personal account) and opened both WF business $300 and this Chase $300 last week. WF business already posted. No hassle from Chase. You have more paperwork than you need! And you never need an explanation for things. Just answer the questions you have; with a real business like yours, all the better and easier.

Alex
Alex

CPC branch representative just assured me that I do not qualify for the $300 business checking bonus as a sole-prop (using my SSN) because I already have a personal checking account tied to that SSN. He advised me to apply for EIN and come back.

James
James

You think I should close my personal checking and then apply as a sole prop?

boridi
boridi

I successfully opened a business checking acct as a sole prop with my SSN even though I already had a personal checking tied to that SSN.

Pedro
Pedro

+1 – opened on 11/28. I have had a personal with them for 10+ years, it was not even mentioned during the process.

Roman s
Roman s

If it says expires on December 22th then it means that I can go into the branch on exactly December 22th and still get the bonus or it has to be done before 22th?

HI
HI

I opened one of these last year (got the reward, then closed in 6 months). Could I use the same business to open this one in 2017 or will they get mad/not allow the same business to open and close. I don’t have an issue with the 1 annual award and it has been over a year since I closed the last one. Thanks.

Ozzie
Ozzie

too bad for not applying to the existing customer. I should have cancelled last year.

Chris
Chris

too bad that you can’t apply online.

Hatem Saleh
Hatem Saleh

Hey, I have a Bussiness INK preferred card from Chase, does that make it easier to apply for this account as a sole properiorter? I am afraid if they didn’t let me open it, they close my INK card, i know Chase dis crazy things recently closing cards

Ben
Ben

Data point for forgetful people:

– 9/28 opened account
– 10/3 deposited $1515
– 12/1 did five $1 debit card transactions (late – 60 day requirement not met – would’ve been 11/27)
– 12/5 $300 paid (woohoo!)

Jim
Jim

Thanks for sharing these — glad there was some leeway on the 5 transactions!

I opened my account a few days after you and also received on 12/5. Did a few ACH pushes/pulls, plus 2-3 small debits

dan
dan

Do they usually offer these throughout the year? dont have enough to park for 60 days, but id like to do it maybe later in January when i do

Jim
Jim

Along with the public offer for $200 a few months ago, I think these are the first times we’ve seen the business checking offers.

The personal account offers come and go every several months, so am hoping Chase does the same for business accounts, too

Hello World
Hello World

Went to Chase branch Seattle and they told me there is no such publicly available offer. I did not press him on details since I didn’t wanted to come as someone who is only interested in sign up bonus. But he said, you need the coupon that Chase sends out in mail or you can buy one from eBay.

Sally
Sally

Just opened account in CA without any documents needed for my sole proprietorship that I just started in order to get this bonus. Was asked a couple questions about the business but since it is a new business, everything was a projection only and they had no problem with my answers.

Josh Click
Josh Click

Same for me in NY. No docs needed. I am also CPC.

Johnny

Opened my account a few days ago in NYC. Asked a few questions about my business. Funded with $1010 on the spot from my personal chase account. made 5 amazon gift card reloads. Let’s see how it shapes out in 2 months. Might do 5 ACH transactions of small amounts just to be extra safe.

FLL
FLL

Must be NEW MONEY from outside Chase. You probably will not get any bonus if you dont put in another qualified deposit before the deadline of the requirement.

Mandingo1
Mandingo1

I opened my total business checking account today and it was a fairly simple process. It took a little over 20 minutes. Here are some of the questions the rep. posed to me. Do I have DBA paperwork? I said I did not since I would be opening the account as a sole proprietorship with my full legal name in the company title. She also asked some general questions about the company: what is the nature of the company, what is the date company was established, how many employees/personnel beyond yourself, what is the total value of company assets (ie. equipment, inventory, etc.), how many total monthly transactions do you expect (no fee for under 100 monthly transactions to the account). The process was straight forward and the rep. did the initial funding from my Chase personal checking account. Easy peasy. Thanks Doc.

pizzywoah
pizzywoah

Just a note that the initial funding (since coming from a chase account) does not count towards the $1,000

Mandingo1
Mandingo1

Hmmm…..The Chase rep. said that the initial funding, even from my Chase personal checking would count. I’ll deposit another $1000 cash just to be safe. Thanks

Blue
Blue

They told me the same thing last summer. I did NOT get the bonus even after complaining a lot.

Blue
Blue

Yep. They would not budge on the new money requirement at all.

JC
JC

Can you use a same biz tax ID to churn it every year?

Pete
Pete

From a friend at r/churning, a new link, expiration date Feb 22:

https://accounts.chase.com/business/prep.do?ID=118128&TARGET=business

Mike
Mike

I had a Chase Business checking account that I opened in May of 2017 and closed on 11/18/2017

As long as I wait until 02/17/2018 to open up another account (90 day wait) using this bonus, I should be good right?

Joe
Joe

I would go for it if I were you.

Blue
Blue

Just got the $300 offer again this time as a mailer with an expiration date of 2/28.

Alex Taheri
Alex Taheri

If I had a business checking account closed on 10/26/17, can I apply for a Personal Chase Total checking now and receive bonus? Does the 90 day period include ALL Chase accounts or just the business checking?

Abey
Abey

I like this one. Its easy.
Thanks for reposting it
I thought i missed the deadline.

Jesse
Jesse

DP – I used the latest coupon link to create a new Business Basic Checking today. Went in on my lunch, took the whole hour but that’s just because the BRM was really talkative (nice guy but took longer than necessary). He asked some pretty detailed Q’s about the business, he was following a strict script on his computer. They needed a detailed summary of the business activities, total $ of current biz assets, total projected revenue, and description of primary client base/revenue stream. I actually do have a business so it was not a problem to supply all this. Note, mine is LLC but SP’s should have no trouble, just use SSN + DBA.

Note: $100 minimum deposit to open the account. $1000 deposit required within 10 days to trigger reward. $1500 to maintain fee-free. I paid my opening deposit of $100 in cash and will ACH or check deposit the rest this week.

I also took this opportunity to sign up for the Ink Preferred card since all of that application info was needed anyway. Two birds with one stone, he just checked a box after the checking app to apply for the Ink card, added my gross income info and 10 secs later it was done.

MoreSun
MoreSun

Should be a fun discussion about my ebay business then. Hey- you got an actual BRM?! You either have amazing luck or set it up in advance? Hope he put you in for the 100K offer on that Ink!

Jesse
Jesse

Did not get 100k, I tried but I’m a pushover. He was trying to talk me into the Ink Cash since it’s no fee but of course I wanted the Preferred.

I came in right before 1pm, he was gone at lunch so I just waited until he got back. It’s possible he was just a regular business banker, idk. I asked the teller for the BRM when I came in and she said he was at lunch but she could have just been referring to a business banker. Do BRMs have special hats or something? Haha

Darv
Darv

Were you preapproved for the Ink Preferred, did he say you were preapproved? I’m seeing conflicting datapoints about preapprovals still working in branch. If you were preapproved, are you over 5/24? Thanks for your update.

Jesse
Jesse

I was pre-approved. He showed me his monitor after the bulk of the checking application was done, and one of the last steps was to check any available add-on offers. Both Ink card showed up as pre-approved.

I’m under 5/24, I only have the CSR. I’m new to all this.

K
K

DP: Successfully opened with sole proprietorship for a tiny online reselling business. Opened the Total Business Checking and chose to complete the minimum deposit via ACH within the next 10 or so days. In and out of the branch within an hour.

The business banker also offered to help me apply for the Ink Business Preferred but would get back to me later since the BRM with the higher 100,000 point bonus was on the phone with someone else. I’m not particularly confident I’ll get it (I’m significantly over 5/24 and a few recent inquiries and reported a very low gross sole proprietorship income), but will give it a shot anyways to see if the paper application helps.

Angela
Angela

I got a mailer today and the requirements are the same. Instead of $300 my offer is 30,000 UR points. Very tempting!

Chintu Batra
Chintu Batra

How about using the credit card on Amazon five times to meet the requirements bonus?

Jesse
Jesse

Debit card you mean? Should work. My business banker specifically said that works work. Haven’t gotten my card yet to try.

Andrei
Andrei

Signed up for business account yesterday with $200 bonus coupon. Went in the branch today to try to swap it with the 300 coupon. Two business bankers weren’t sure if system would let them entera new code after they canceled the first one. Ended up working ok and now have the 300 bonus👍

C
C

Seems like it’s in-branch only.

chevy
chevy

do i need to have business to open business checking?

chevy
chevy

do i need to own business to open business checking?

SamSimon
SamSimon

They will ask you why you need Business checking account if you have ZERO business, what will you tell them?

I think at least you need to be sole proprietor! Under your name and SSN. Uber driver, online seller, retailer/reseller, freelancer etc…..

Ben
Ben

I have an existing business checking account with Chase and never received a bonus for it when I opened it (before I even got into bank account bonuses).

If I closed it and re-opened to get the bonus, how long would I have to wait?

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