Chase Business Complete Checking $400 Bonus – No Direct Deposit Required (Available Online)

Update 1/14/24: Deal is back. Comparable to the recent $500 bonus as you only need to deposit $2,000 rather than $10,000.

Update 1/30/22: Deal is back and valid until 4/21/2022

Update 1/4/22: Extended until 01/20/2022.

Update 11/10/21: Deal is back, but now $400 instead of $300. Not as good as the recent $750 bonus. Hat tip to reader shilph

Update 4/17/21: Account can now be opened online, account name is now Chase Business Complete Checking (previously Chase Business Total checking).

• Maximum bonus amount: $400
• Availability: Nationwide (not truly nationwide as not all states have branches)
• Direct deposit required: None
• Additional requirements: Deposit $2,000 & 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 February 21st, 2019 April 8th, 2019 June 3, 2019 August 8th, 2019 November 21, 2019 November 13, 2020 July 23, 2021 October 21, 2021

The Offer

Direct link to offer

• Chase is offering a bonus of $400 when you open a new Chase Business Complete checking account and complete the following requirements:
  • Deposit $2,000 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 Business Complete Checking $15 Monthly Fee

Chase Business Complete Checking has no monthly fee when you maintain a daily minimum balance of $2,000 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 or if you are military/veteran. 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.

Bonus History

• Update 11/13/20: Deal has been extended until 1/21/2021 . Probably still worth waiting for the $500 bonus to return.
• Update 10/7/20: Deal has been extended until 11/13/2020 . Probably still worth waiting for the $500 bonus to return.
• Update 7/18/20: Deal has been extended until 10/09/2020. Probably still worth waiting for the $500 bonus to return.
• Update 6/28/20: Available again until October 9th, 2020. I’d still recommend waiting for the $500 bonus to return. Hat tip to intervested99
• Update 4/7/20: Deal is back and valid until July 16th, 2020. Better to wait for the $500 bonus to return. Hat tip to reader Yo
• Update 10/3/19: Deal is back and valid until November 21, 2019. Hat tip to reader @gokeeper (Update #2: added the direct link below)
• Update 8/2/19: Deal is back and valid until October 10th, 2019. Hat tip to intervested99
• Update 7/14/19: Deal is back and valid until August 8th, 2019. Hat tip to  intervested99
• Update 6/20/19: Deal is back and valid until July 1st, 2019.
• Update 5/18/19: It looks like you can do this bonus online, email yourself the code and then add it to your account. datapoints of this working. I’d still go into a branch if you can, but might be worth trying this method if necessary.
• Update 4/18/19: Deal is back and valid until June 3, 2019. Hat tip to reader Snowbird
• Update 2/22/19: Deal is back and valid until 4/8/19.
• Update 1/19/18: Deal is back and valid until February 21st, 2019. Hat tip to reader Abey.
• 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.

Our Verdict

Chase has offered bonuses of up to $500 on business checking accounts in the past. 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. Because the $500 bonus is coming around frequently I won’t add this one 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:

• 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