Posted by Chuck on February 27, 2020
Bank Account Bonuses

Published on February 27th, 2020 | by Chuck

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Chase Premier Checking $300 Bonus; Chase Savings $225 Bonus

Update 3/1/20: The $600 checking/savings deal is back, that’s a better deal than this one.

Offer at a glance

  • Maximum bonus amount: $525 ($300 checking + $225 savings)
  • Availability: Nationwide, though the online link won’t work unless you have a branch in your state. (Checking offer available online; savings offer only available in-branch.)
  •  Direct deposit required: Yes, no minimum. Click here to view what triggers this bonus.
  • Additional requirements: None for checking; $15,000 balance for savings
  • Hard/soft pull: Soft
  • Credit card funding: Can fund up to $50 with a debit card online (prepaids do not work). Cannot fund with debit or credit in branch.
  • Monthly fees: Checking: $25, waivable; Savings – $5, waivable.
  • Early account termination fee: Bonus taken back if closed within six months
  • Household limit: None listed
  • Expiration date:  Checking – April 20, 2020; Savings – March 6, 2020

The Offer

$300 Premier Checking Branch/Online Offer | $225 Savings Branch Offer | $200 + $150 Branch/Online

Chase is offering a checking account bonus and a savings account bonus.

  • Receive a bonus of $300 when you open a Chase Premier Plus checking account and have a direct deposit post to the account within 90 days.
  • Receive a bonus of $225 when you open a Chase savings account and deposit $15,000 or more in new money within 20 business days and maintain a balance of $15,000 for 90 days.

The checking bonus is valid through April 20, 2020 and can be opened online. The savings bonus is valid through March 6, 2020 and needs to be opened in-branch.

The Fine Print

  • Checking offer is not available to existing Chase checking customers. Savings offer is not available to existing Chase savings customers.
  • Both offers are not available to those with fiduciary accounts, or those whose accounts have been closed within 90 days or closed with a negative balance.
  • To receive the $300 checking bonus: 1) Open a new Chase Premier Plus Checking account, which is subject to approval; 2) Deposit $25 or more at account opening; AND 3) Have your direct deposit made to this account within 90 days of account opening.
  • Direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government.
  • To receive the $200 savings bonus: 1) Open a new Chase SavingsSM account, which is subject to approval; 2) Deposit a total of $15,000 or more in new money into the new savings account within 20 business days of account opening; AND 3) Maintain at least a $15,000 balance for 90 days from the date of deposit. The new money cannot be funds held by Chase or its affiliates. After you have completed all the above savings requirements, we’ll deposit the bonus in your new account within 10 business days.
  • After you have completed all requirements, we will deposit the remaining bonus due in your new checking account within 10 business days.
  • You can receive only one new checking and one new savings account opening related bonus every two years from the last enrollment date and only one bonus per account.
  • Bonuses are considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).

Avoiding Fees

Savings Account

The Chase Savings Account comes with a monthly service fee of $5. Monthly fee is waived with any ONE of the following:

  • Keep a minimum daily balance of $300 or more
  • Have at least one repeating automatic transfer from your Chase checking account of $25 or more; one time transfers do not qualify
  • Have a linked Chase Premier Plus Checking, Chase Premier Platinum Checking, or Chase Private Client Checking account

Checking Account

The Chase Premier Plus Checking account comes with a monthly service fee of $25 which is waived if complete any ONE of the following:

  • An average beginning day balance of $15,000 or more in any combination of this account and linked qualifying Chase checking, savings, and other balance.
  • Have a linked qualifying Chase first mortgage enrolled in automatic payments from your Chase account.

Early Account Termination Fee

If you close either account within 6 months of account opening, you will forfeit the bonus.

Our Verdict

Best bonus on the savings account is usually $200 and checking is usually $300, but we have seen checking/savings combo deals which throw in an extra $100 for doing both, so might be worth waiting for that. There was even a $900 combo deal, but that has expired.

The checking and savings deals have separate landing pages now, so you’ll have to open the accounts separately. Worth noting that there’s often the same $300 offer for Chase Total Checking which is easier to keep fee-free, so might be worth waiting for that. Still, we’ll add this to the best checking & savings bonus page. If anyone finds a Total offer or a combo offer, please let us know.

RELATEDPSA: Don’t Use ACH-Pull for Chase Bank Account Openings, Avoid Account Lockup

Big thanks to the reader who let us know about this (can’t remember who it was). Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



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Mark
Mark

You can receive only one new checking and one new savings account opening related bonus every two years from the last enrollment date and only one bonus per account.
What does it mean by “only one bonus per account”? I believe you can get one for checking and one for savings.

Mark
Mark

Can you do this online instead of going to a branch?

bullfrog23414
bullfrog23414

I posted this on the $900 thread, and it’s not as critical on this one, but something to be aware of is that if you are relying on the minimum savings balance to keep your checking account free, and your checking account has a $0 balance, they will automatically close it after 60 days. No claw-back on the checking bonus [yet], but pretty sure it made me ineligible for the combo bonus.

Garaged
Garaged

Isn’t the best savings bonus seen the $300 one for depositing 25,000 in new money?

Bob (the investor)
Bob (the investor)

I have three coupons that you can use for Chase that pay $ 600. Same terms and you can apply online at

chase.com/StartNow

Email me at invexp at yahoo and I’ll send you a picture of the back with everything you need.
Please don’t ask unless you have the 15k to tie up. I want these to go to someone who will use them.

They expire:
3/30/2020
4/27/2020
5/26/2020

Share the wealth

( DoC, hope this is OK. If not just delete-)

Mark
Mark

Do you need to open both checking and savings account? The link in this post allows you to do it desperately if you cannot do both.

Bob (the investor)
Bob (the investor)

They are gone! There’s $ 1800 to pump up the economy!

GengisKhan
GengisKhan

I have a couple of offers I received in the mail that don’t appear targeted – I think they came with the Valpak coupons.

The offers are for $300 checking and $200 savings plus an extra $100 when you do both together. The link is here:

https://accounts.chase.com/consumer/offline

Problem is you need to use a coupon code which is unique and printed on the coupon – so I don’t think I can share them. BUT if you do receive Valpaks and just toss them you may want to look inside.

James Bond

I received a coupon for the $600 combo offer recently and used that yesterday. The $1000 offer would be nice, but that offer may never return again.

das1996
das1996

If one participated in the business checking promo (sole prop), can they do this one as well? Or is it considered one bonus per ssn per period of time?

Charles Mann
Charles Mann

I’m pretty sure business and personal accounts are treated separately, but you can ask one of their bankers to confirm that.

Albrecht
Albrecht

This bank is uber paranoid. I’ve set up ACH link to my other bank, scheduled 15k transfer and they shut my accounts the same day. Not the 1st time it happened.

Josh
Josh

Yeah, Chase is a pain IMO. I’d love to be done with them forever, but they offer too many lucrative CC/checking/savings bonuses.

Dailybread
Dailybread

Don’t pull with Chase. Do an ACH push instead.

qmc
qmc

Or deposit a check.

JohnyBGood
JohnyBGood

Any reason not to do the 10k/$150 savings bonus instead? Same APY and 5k less funds tied up? Has anyone tried this coupon and seen if it really has to be opened @ the bank or online? https://www.chase.com/personal/checking/chase-coupon

COBOLCODERUSEALLCAPS
COBOLCODERUSEALLCAPS

I was auto-denied when applying online (maybe I wasn’t qualified?) with a message saying they “couldn’t approve me with the info provided”. I strictly recall my last account being opened in Oct 2017.

Mark
Mark

Same here.

Ben p
Ben p

So if you did the business offer with your ssn, you can’t do this deal. Did I get that correct.

arizonapv
arizonapv

The business offer is treated separately. You can get this bonus if you’ve already done the business offer.

Ben P
Ben P

Oh awesome thanks.

Alan
Alan

“You can receive only one new checking and one new savings account opening related bonus every two years from the last enrollment date and only one bonus per account.”

I’m a bit confused.
This would be the day you opened the account(s) rather than the day you closed the account(s)?
or
Is this the date the bonus(es) were issued?

Thanks!

Denise
Denise

I closed a Chase checking last year in May that received a bonus sometime in 2017. I just opened a new account as I had the bonus offer when I logged in for my credit card, so I would say from the opening date or bonus posting date.

atxchurner
atxchurner

Doing the checking bonus right now. Don’t feel like having $15,000 parked at Chase, so I’ll just hit the requirements for the bonus and take out $150. 6 months (early term fee) * $25 = $150, which means you’ll still come out ahead if you dont leave $15000 parked.

qmc
qmc

What is this math? The ETF is the whole bonus.

6 months of 2% interest = 6 x $25 = $150? Opportunity cost?

Tanya
Tanya

Military and vet’s with an ID can avoid fees on Chase Premier Plus checking account by showing ID in branch: https://www.chase.com/digital/military/personal I did a checking bonus via online application and was able to change the account to military in-branch later on to avoid fees.

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