Published on September 24th, 2018 | by William Charles59
Sign Up For Chase Deposit Accounts Now – Before Two Year Rule Applies
In case you missed it Chase has introduced a new rule on some deposit account bonuses that states (emphasis ours):
- 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).
Previously the rule stated was (emphasis ours):
- You can receive only one new checking and one new savings account opening related bonus each calendar year and only one bonus per account.
According to a source familiar with the matter the new two year language will be standard on bonuses going forward across both personal & business accounts. If you haven’t received a bonus in 2018 it’s worth signing up now, these bonuses still have the old language:
- Chase $500 Checking and Savings Bonus Publicly Available Online
- Chase Business Total Checking $300 In Branch Bonus – No Direct Deposit Required