Chase sent out an email today that when redeeming for cashback on their credits cards it will no longer be possible to send the money to an external bank account. You can still send it to your card as a statement credit or to a Chase bank account.
Beginning 3/27/26, you will no longer be able to redeem for a cash back deposit from your Chase Freedom®, Chase Sapphire®, or Chase Ink® credit card(s) to an account held by a financial institution other than Chase. You can continue to redeem for a cash back deposit to an eligible U.S. Chase account or redeem your rewards as an account statement credit.
Here’s a roundabout way of getting it to your bank account: send it to your card as a statement credit, and then request a credit balance refund. You’ll either get an option for an electronic bank deposit or possibly a paper mailed check to deposit wherever you want.
