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BankBonusIsMyReligion
BankBonusIsMyReligion (@guest_1813723)
March 14, 2024 12:30

DAE think it’s worth to keep the Chase Biz open by having 2k tied up and doing nothing after the bonus posts?

The $2.50 Ach payment service is great for hitting those banks with super hard DD reqs (like Sofi and such)

but those only come around every now and then and I feel this money can be used or invested somewhere else.

Doug
Doug (@guest_1813173)
March 13, 2024 16:14

Successfully opened on first try in a regular non-incognito browser using existing personal Chase login info. Applied and approved as sole-proprietor using EIN.

CreditCaper
CreditCaper (@guest_1812699)
March 12, 2024 18:31

Successful data point:

1/7/2024 – account opened
3/12/2024 – bonus received

I usually downgrade the account and keep it open to avoid a monthly fee but that doesn’t appear to be an option. I will wait one cycle and close the account as I need to pull out the $2,000 to use it somewhere else.

Karl
Karl (@guest_1812892)
March 13, 2024 03:22

Another way to prevent the fee is:

“Spend at least $2,000 on eligible Chase Ink® Business card purchases in the most recent monthly Ink card billing cycle”

MSR on a new Ink SUB would cover that for 2-3 more months so I’ll do that if the timing works.

JDSwim3
JDSwim3 (@guest_1812397)
March 12, 2024 08:16

Going to a branch today to open. Was getting the same “…unable to continue…” message upon multiple attempts.

Questions: 1) Does account still need to remain open for 6 months, even if bonus deposited before then? 2) If it does have to stay open, but I have transferred all but a pittance, how are they going to charge the $15 MSF for the remaining months since I won’t have the minimum $2000 balance?

Novacat05
Novacat05 (@guest_1812584)
March 12, 2024 15:04

No, the 6 month clawback term has been removed. But please don’t close your account a day after your bonus posts, give it at least till the end of the month or statement period.Just like any bank account, your balance can go negative, and if you don’t have the amount for the monthly service fee, you will get charged an overdraft, and the cycle will continue. If you were to close your account and not bring the balance up to $0, they can put a black mark on your Chex/EWS that remains for years and then you will not be able to open any more new bank accounts at any bank. It also increases the clock for being able to do another Chase bonus to 3 years instead of 2. I would advise against doing this. You might be able to ask for a fee waiver the first time it happens, assuming you have enough funds to cover one monthly fee. Also I don’t think they charge a monthly fee for at least a couple of months after account opening.

Novacat05
Novacat05 (@guest_1808799)
March 6, 2024 08:42

For all those trying to apply online with a sole prop, try it using safari on your phone. I did last night and was successful. Generated a coupon, clicked the link from my email, signed into my buisness profile and picked my older Ink Cash card as the “business” to put this under. Most fields were already filled in, just had to update a few, set a PIN, and it went through and was instantly approved. Happy I don’t have to go in branch and waste time.

George
George (@guest_1808805)
March 6, 2024 08:54

Did not work for me.

Lori
Lori (@guest_1802898)
February 25, 2024 14:11

Tried to apply online and got a screen that says the below. I have an LLC and am an existing customer (and was logged in) with both personal and business CC’s and personal checking and savings. No idea why they won’t open the account unless it has something to do with my previous business checking for the same company, but that was well over 2 years ago. Guess I’ll call tomorrow and try to see what the issue is.

“We are unable to continue your application. We can’t open an account for you based on the information you told us. Please visit a Chase branch for help. Please refer to our branch locator to find availability info about Chase branches near you.“

Lindsay
Lindsay (@guest_1803055)
February 26, 2024 01:10

I tried applying three different times online over a week before succeeding with my sole prop. The LLC applicants seem to having more trouble for some reason.

Karl
Karl (@guest_1803439)
February 26, 2024 18:35

I tried multiple times as sole prop and got the same message you did.

I tried with the code from a mailer I received, then with the public link.

I tried every combination – signed in to my sole prop biz account, signed in to my personal account, and not signed in. 6 combinations, same message every time.

Then I tried with my LLC and it worked (online).

Bubs23
Bubs23 (@guest_1802239)
February 23, 2024 16:52

Wife + self both got the following: We’re unable to continue with your application.
We can’t open an account for you based on the information you told us. Please visit a Chase branch for help. Please refer to our branch locator to find availability info about Chase branches near you.

Process flow: entered email ==> existing Chase biz customer (Chase Ink Biz Unlim) ==> signed in ==> selected business (sole pro), only owner, not a trust

Lori
Lori (@guest_1802900)
February 25, 2024 14:12

I just got the same today. Did you follow up with a branch or phone service to see what the issue is? I am going to call tomorrow. I have heard of issues opening online with sole props. Mine is an LLC so I was surprised it wouldn’t work.

cassie
cassie (@guest_1798815)
February 16, 2024 16:57

Curious how long it took for people to get the bonus? Mine does NOT show a tracker aside from I have met the 2000$ minimum amount to avoid a fee.
12/9: opened account
12/15: 3700$ deposit from Schwab
12/19: 1500$ deposit from Schwab
12/21: (5) cash app transactions(I read those count)
1/22: (5) amazon gift card reloads(also read those count) and was worried the cash app wouldn’t count so wanted extra assurance.

It is 67 days since opening if I counted correctly(that includes weekends) so not sure if business days or just regular days but just curious how long people waited to receive this one!

xhabeshi
xhabeshi (@guest_1798822)
February 16, 2024 17:18

Most likely you are getting it next Tuesday afternoon, Feb. 20th

Kevin
Kevin (@guest_1798814)
February 16, 2024 16:55

Some information for those of us having trouble opening accounts online. I too was having the problem and decided to make the trip to open an account at the branch.

Turns out for LLC business bank accounts they need your LLC to be on file with the state. If you’re like me and live in California you aren’t paying the $800/year LLC fee to collect a few bank bonuses. I then pivoted and asked to be registered as a sole prop. Everything went fine until the banker went to apply the promo code.

Also turns out that if you want to use a sole prop for the business bonus then their system is double checking it against their standard personal checking bonus. Since I was already on the $900 checking/savings bonus, I had to walk out with no bonus and an extra bank account that I now have to cancel.

Lori
Lori (@guest_1802902)
February 25, 2024 14:15

I have an LLC and mine is registered with the state and up to date (only $75 in my state). I tried to open the account online today and was not able to. We will see what they say tomorrow when I call and see if we can do it on the phone or if I have to go into a branch.

Erik
Erik (@guest_1806759)
March 2, 2024 16:34

How’d it go? Did you get approved?

Erik
Erik (@guest_1806381)
March 1, 2024 18:47

Does it matter if you use your SSN vs EIN? I recently created an LLC (registered with the state), but am the owner/sole employee, and I don’t have an EIN. I signed up for $900 on jan 5. Think I’m good for both bonuses because it’s an LLC even though I use my SSN for the tax id?

Tom Peters
Tom Peters (@guest_1797390)
February 13, 2024 22:31

So I accidentally made an extra debit card payment, and the total in my checking account slipped below 2000$. Upon realizing I quickly zelled 50$ dollars into the account and now the total is above 2000$.

Did I screw myself with regards to the bonus? Did this happen to anyone in the past?

mothman69
mothman69 (@guest_1797474)
February 14, 2024 07:08

If you Zelled money in the same day you should be fine. I’m pretty sure they look at end of day balance and not fluctuations throughout the day.