Posted by William Charles on August 27, 2018
Bank Account Bonuses

Published on August 27th, 2018 | by William Charles


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

Deal has expired, view the best current business checking bonuses by clicking here.

Update 10/01/18: Bonus is back, but it contains the new two year language. Hat tip to reader Kaung. 

Update 08/27/18: $300 Bonus is back. Thanks to reader Alec

Update 04/05/18: $300 Bonus is back. Thanks to reader razierklinge

Update: 03/01/18: There is now a $200 bonus available. I’d personally just wait for the $300 bonus to come along again. Hat tip to reader Steven

Update 01/12/18:  $300Bonus 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: $15, avoidable
  • Early account termination fee: Six months, bonus forfeit
  • Household limit: None
  • Expiration date: December 22nd, 2017 February 22nd, 2018 May 21st, 2018 June 28th, 2018 October 2nd, 2018 November 19th, 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)
      • Wires (Credits)


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), wires (Credits). After you have completed all the above checking requirements, we’ll deposit the bonus in your new account within 10 business days.
  • You can receive only one new business checking account opening related bonus every two years from the last enrollment date 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 $15 Monthly Fee

Chase Total Business Checking has no monthly fee when you maintain a daily minimum balance of $1,500 or more. Otherwise a $15 Monthly Service Fee will apply ($12 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 every two years now (used to be once per calendar). 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. Hurrying is less of an issue now with the two year language. 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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Im currently doing the $200 bonus business checking deal. Can I call Chase to add the $300 promo?

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

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

I was told by a CSR today that once the 1st offer code is entered into their system they won’t change it to another offer. You can, however, open another account to get the higher bonus offer on the 2nd account.


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?

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.

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.

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.

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?

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

Still good for $300 though.

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.

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

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).

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

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.

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

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.

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

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

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

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?

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

Hey Jim, can you clarify if the 5 total can be a single type, e.g. 5 debit card purchases?

Any combination of the following count as long as you do 5. So 4 debits, 5 ach, etc would all be fine.

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)

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.

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.

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.

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.


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

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

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

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.

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

Yes 1 bonus per category, per calendar year

Thank you very much.

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

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

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.

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.

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

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.

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.

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

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.

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

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?

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.

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