Update 7/11/24: Extended to 10/16/24
Update 4/5/24: Extended through 07/24/2024
Offer at a glance
- Maximum bonus amount:Â $900
- Availability: Nationwide, online or in-branch
- Â Direct deposit required:Â Yes, no minimum. Click here to view what triggers this bonus.
- Additional requirements:Â None for checking; $15,000 balance for savings
- Hard/soft pull:Â Soft
- ChexSystems: Doesn’t pull
- Credit card funding:Â Can fund up to $50 with a debit card online (prepaids do not work). Cannot fund with debit or credit in branch.
- Monthly fees:Â $12, waivable
- Early account termination fee:
Bonus taken back if closed within six monthsNone - Household limit: None listed
- Expiration date:
April 19, 2023January 24, 2024April 17, 2024
Contents
The Offer
Direct link to offer (incognito)
- Chase is offering a checking & savings bonus worth up to $900. Bonus is as follows:
- Receive a bonus of $300 when you open a Chase Total checking account and have a direct deposit post to the account within 90 days.
- Receive a bonus of $200 when you open a Chase savings account and deposit $15,000 or more in new money within 30 days and maintain a balance of $15,000 for 90 days.
- Receive an extra $400 bonus when you complete both of the above bonuses.
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 whose accounts have been closed within 90 days or closed with a negative balance within the last 3 years.
- You can receive only one new checking and one new savings account opening related bonus every two years from the last coupon enrollment date and only one bonus per account. Coupon is good for one-time use.
- To receive the checking bonus: 1) Open a new Chase Total Checking account, which is subject to approval; AND 2) Have your direct deposit made to this account within 90 days of coupon enrollment. Your 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. Person to Person payments (such as Zelle®) are not considered a direct deposit. (Micro-deposits do not qualify as a direct deposit for the bonus. Micro-deposits are small deposits, typically less than $1, that are sent to your account to verify it is the correct account.)
- After you have completed all the above checking requirements, we’ll deposit the bonus in your new account within 15 days. To receive the 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 30 days of coupon enrollment; AND 3) Maintain at least a $15,000 balance for 90 days from the coupon enrollment. The new money cannot be funds held by you at Chase or its affiliates.
- After you have completed all the above savings requirements, we’ll deposit the bonus in your new account within 15 days.
- To receive the extra bonus: You must open the checking and savings account at the same time and complete all requirements above for BOTH the checking bonus and savings bonus. After you have completed all requirements, we will deposit the remaining bonus due in your new account within 15 days.
- To receive any of the above bonuses, the enrolled account must not be closed or restricted at the time of payout. Eligibility may be limited based on account ownership. The Annual Percentage Yield (APY) for Chase SavingsSM, effective as of 12/29/2022, is 0.01% for all balances in all states. Interest rates are variable and subject to change. Additionally, fees may reduce earnings on the 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 Total Checking account comes with a monthly service fee of $10-$12 which is waived if complete any of the following:
- Have monthly direct deposits totaling $500 or more
- Keep a minimum daily balance of $1,500 or more in the checking account
- Keep an average daily balance of $5,000 or more in any combination of qualifying Chase checking, savings and other balances
Early Account Termination Fee
There used to be an six-month period where you would lose the bonus if closed out, but sometime in 2022 (?) they removed that clause and so it’s now safe to close after you receive the bonus paid out.
Our Verdict
This is the best public bonus we’ve seen on this account, really excellent offer and much better than the prior $600 offer.
RELATED posts:
- How To Find The Chase Bank Account Bonus Tracker
- PSA: Don’t Use ACH-Pull for Chase Bank Account Openings, Avoid Account Lockup
- Does Chase Match a Checking or Savings Bonus? (Yes, For 21 Days)
- (Update) My Experience Signing Up For The $900 Chase Checking & Savings Bonus
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
Post history:
- Update 1/11/24: Extended through 4/17/24
- Update 11/13/23: Extended through 1/24/24
- Update 10/6/23: $900 bonus is publicly available again. Valid until 11/16/2023
- Update 8/2/23: We’re hearing sporadic reports of people who get this offer to show up on the Chase homepage or at this link or this link. Possibly refreshing a bunch of times can help. No such luck for me. Update 8/6/23: now it’s being sent out as a physical mailer as well. (ht doernonemasterall)
- Update 7/14/23: A bunch of readers report getting this offer again – it was just sent out as a targeted email offer.
- Update 4/30/23: There are a couple of data points indicating that the $900 promo code will still work beyond the 4/19/23 expiration date. There is no link to generate new codes, but if you already have a code you can applying it and see if the Chase system accepts it. YMMV. (ht Tikky) Update 4/17/23: Reposting as April 19th is the final day to open for those who already generated a code. The offer link is dead and no new codes can be generated. (For those on a tight eligibility timeline: the system should give you an error message if you are not eligible for the bonus.) Update 2/6/23: Link no longer works to get new codes. If you already generated a code it will continue to work until the 4/19/23 expiration. Update 1/13/23: We posted this yesterday as a targeted offer, and there’s now a public link (updated below). Wow! If you’re not ready to open the account now, I’d recommend quickly using the email option to save the offer for later since the link can expire at any time.
I must say Chase sucks when it comes to any sort of linking external banks (from the Chase end). I linked US Bank last week. It added the account. This week I transfer money from US Bank into my Chase Checking (not instant transfer, it’s the regular ACH). While I was in the bathroom, an 888 # calls (I’m always leery of these, as they can be spam/spoofed). Well apparently it’s Chase (they left a VM). I call, input all the info and get a rep who then of course, asks me why I’m calling (they are clueless) and I have to give the same info all over again. Well they “review” the transfer and deny it because:
1) The account wasn’t linked (Um, yeah, it was linked, else the website wouldn’t have let me choose it from the pulldown)
2) I didn’t answer the phone when they first called.
What a bunch of crap.
I knew they were sensitive to transfers like the very first time you open the account, but I’ve had it for months and there’s money going into it.
So I will now have to pull from another institution and go round about.
Just an FYI if anyone else tries to link or transfer from Chase:
1) you can’t rely on the website apparently if it says it’s linked and gives you the option days later to use that external account
2) always answer the phone from 888 if it says Chase, even if it’s a spoofed caller and you then have identity theft issues because if you don’t, they’ll deny the transaction.
It’s well documented that Chase is ACH sensitive.
https://www.doctorofcredit.com/psa-dont-use-ach-pull-for-chase-bank-account-openings-avoid-account-lockup/
I did this last year.
You can receive only one new checking and one new savings account opening related bonus every two years from the last coupon enrollment date and only one bonus per account. Coupon is good for one-time use.
I think this 2 year rule is new.
I tried again, got the error box
Skill issue. Chase’s 2-year cooldown for demand deposit bonuses has been in effect for over a decade now.
Not over a decade. Late 2018. https://www.doctorofcredit.com/chase-500-checking-savings-bonus-publicly-available-branch/#comment-686169
It was one bonus per year.
Younger brother did the checking offer for $300.
Raise still works for a DD, he sold a $10 gift card.
Thanks for the DP. how long did it take from posting the GC for sale to getting the money deposited via Raise? I am planning to do that for P2.
About a week…
https://www.doctorofcredit.com/targeted-chase-900-checking-savings-bonus/#comment-1847708
Opened 4/23
Real DD 4/30
$15k to savings 4/24
$300 checking bonus 5/7
$400 extra bonus 7/23
$200 savings bonus 7/23
Will a Morgan Stanley Cashplus push trigger the checking bonus?
P1 did checking and savings. I did just checking. I wish I had thought about this sooner but I would’ve timed it so mine was opened closer to the coupon expiration/post 90 days so I could’ve used the same 15k for my savings. Missed out on $600. I didn’t see this coupon expired in October.
Anyway it just hit this morning after my paycheck last Friday to both checking accounts thanks all! Waiting on savings now.
Trying to have TheKnot do a deposit from a bridal registry that I said donors could gift cash. I gave myself a gift and the funds are deposited in 5 business days. I think it might work. as a ACH DD
If you have tracker it’ll show it on there if you hit it typically day after it posts
Posted yesterday as a pending , today as CCD ID. had a banker call to offer himself as my “personal banker” and confirmed I had the coupon attached, but I have yet to see in the tracker that it went through.
I have a coupon for the $900 in my email so I applied externally. Got the message: we can’t open based on the info you told us.
While logged in my account, under Just for You I see the $600 checking promo.
Just some DPs – I got the checkmark in my account that the $300 will hit on 7/23 on the tracker in the app. I was going the Raise way, but my gift card still in the process of being approved.
Opened 7/6 transferred $25 from pre-connected BoA account.
7/10 Transferred $20 from UFB savings (connected account through the portal, not trial deposits) Did this method because of a data point in the comments
7/16 Transferred $100 from SLFCU (I mentioned in a previous post a transfer from this credit union showed up as a DD on another account)
The checkmark showed up today, as I have been checking almost daily. So not sure which one triggered it, but I should be good to go for the rest of the bonus. Definitely deserves the #1 spot on the best bank bonus list!
How did you get it if you didn’t do the $500?
The $500 direct deposit is an option to waive the monthly fee I believe, but there is no minimum to the actual direct deposit that triggers the bonus. Once you have the 15K in savings that should waive the fees for all accounts through combined average balance method.
This is somewhat risky for me if anything goes wrong because I’d be taking money from a 5% savings to do this (only place I can take from). I’d lose out on about $187 of interest on that 15k over 3 months. And I’m currently unemployed so I’d have to hope the ACH transfers from ally or fidelity would count as DDs. Anybody else in a similar situation and had it work out for them? The >$700 (net) of bonuses would still be great if everything goes perfect.
It’s not risky if you follow the terms carefully. Just make sure $15k from outside Chase arrives before day 30 and your daily balance never drops below $15k until day 91.
Also initiate your ACH pushes and pulls from your other bank, not from the new Chase account.
If you’re worried install the Chase app on your phone and use the bonus tracker. That gives you the exact dates.
Or look for one of Riki’s posts in this thread with very detailed instructions.
The condition for the $15K doesn’t need to be a DD. It just says you need to deposit $15K which means it does have to come from the outside but an external ACH push into Chase works just fine. The Chase Checking offer for $300 needs to be DD though.
Personally I think the deal only makes sense if you are planning to sign up for the Checking + Savings offer for the $900 bonus. If you are just signing up for the $200 Chase Savings offer then its not worth it since the difference is soo little.
Best to set up the two accounts in person at a Chase bank with an appointment and make it very clear you expect the total $900. I did it with my wife with everything in her name in person with a very nice female bank officer, I just sat and watched (always good policy) and it took over an hour but it was done.