On a steady basis, Chase offers great bonuses for opening up checking and savings accounts. The standard offer is $150 for the checking and $100 for the savings, but we consistently see $500 offers – $300 for checking and $200 for savings.
These bonuses can only be done once per calendar year (90-days after closing out the previous account), and with 2016 rolling around it’s time to schedule the next churn.
I find it easy enough to get hold of one of these coupons, and we’ve previously outlined many ways to do so. See How To Get Targeted For A Chase Saving Or Checking Account Coupon for many options, including buying it on eBay, finding it in your Chase login and more.
One thing that is becoming more and more prevalent is for these coupons to be in-branch only offers. I hate going in-branch to do something which can be done online, especially when the banker gets to see my churners badge-of-honor with yearly account openings. A quick look on eBay doesn’t yield better results as all the coupons there are for in-branch only. Chase wants to bring us in-branch and try getting more of our money in with them along the way.
An additional benefit of opening a Chase account online is the ability to then fund the account with a credit card, something not possible for in-branch applications. Chase allows up to $500 in funding with a credit card online, but be aware that there is a cash advance issue here and be sure to use a card with $0 cash advance. Â More details here.
My friend @utahshane gave me an interesting tip for getting the $500 online offer: if you have a Chase credit card and opt for paper statements, they’ll throw in a $500 coupon along with the statement a few times per year. And, importantly, these offer codes can be used online as well.
Awesome! I’m completely paperless for everything, but I’ll switch my Chase credit card statements to paper in hopes of getting an online $500 offer.
