Offer at a glance
- Maximum bonus amount:
- Availability:
- Direct deposit required:
- Additional requirements:
- Hard/soft pull:
- ChexSystems: Unknown
- Credit card funding:
- Monthly fees:
- Early account termination fee:
- Household limit:
- Expiration date:
The Offer
No direct link to offer, sent out via e-mail. Subject line is ‘Great news, <name>: You can earn $500 or up to $1,500 to help boost your small business’
- Chase is offering some a business checking bonus of up to $1,500.
- Deposit new money within 30 days of coupon enrollment & maintain that balance for 60 days from offer enrollment.
- Complete 5 qualifying transactions within 90 days of account opening. Qualifying transactions are:
- Debit card purchases
- Chase QuickDeposit and QuickAccept
- ACH (Credits)
- Wires (Credits or debits)
- Deposit the minimum amount in new money shown above within 30 days of offer enrollment and maintain that balance for 60 days from offer enrollment
- $1,500 with $100,000 deposit
- $750 with $20,000 deposit
- $500 with $2,000 deposit
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Chase Total Business Checking com no monthly fee when you maintain a daily minimum balance of $2,000 or more. Otherwise a $15 Monthly Service Fee will apply.
Other ways to waive the fee:
- $2,000 minimum daily balance
- $2,000 in net purchases on your Chase Ink® Business Card(s)
- $2,000 in deposits from Chase QuickAccept℠ or other eligible Chase Payment Solutions transactions
- Link a Chase Private Client Checking℠ account
- Provide qualifying proof of military status
Reports indicate that Chase usually waives the fee for the first couple months.
Early Account Termination Fee
None
Our Verdict
$750 bonus is the same as the public bonus, but normally the $500 bonus is only $300 and there is no $1,500 bonus normally. The funds only need to sit in the Chase business checking account for 31 days (day 31 – day 60) rather than the full 60 days. If you had the $100,000 in an account earning 5% APY you’d earn $424, so this is only a slight improvement compared to the $750 bonus (although you should compare to $80,000 in a 5% APY account to account for the difference between the two). We won’t add this to our best bank bonuses as it’s targeted.
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
