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$100 Checking Account Bonus at Chase Bank


Chase Manhattan Bank
[Update 7/18/07: The link to the promo page no longer works.]

Chase is again offering a $100 bonus for opening a Chase Free Checking account with direct deposit. Here's the promotion page link. You have to print the coupon and take it to your local Chase branch. A $100 minimum opening deposit is required. The offer ends on 8/31/07.

Some additional important details include: Chase Free Checking has no monthly service fee when you have a monthly direct deposit. Limit one personal checking account-related reward / premium per customer, per calendar year. Offer not available on account conversions or in combination with any other offer. Bonus will be automatically deposited into your new account within 10 business days of account opening, but not considered part of the minimum opening deposit. Checking account must remain open for six months or the reward will be debited from the account at closing. Bonus is considered interest and will be reported on IRS Form 1099-INT.

Some more important info about the free checking account is available at Chase. Without direct deposit, there's a $6/month fee. There's a $2 fee for using non-Chase ATMs (up from $1.50 in November).

About direct deposit, it has been reported in this FW thread that Chase treats transfers from ING Direct and PayPal accounts as direct deposits.

Also note, Chase has been reported to do hard credit pulls when you open checking accounts (which can slightly ding your credit score). Refer to this FW thread for more info on this.

Chase often has $50 and $75 bonuses for its checking account. The $100 is not as common. The last $100 promo that I posted on was in November.

Thanks to the reader who mentioned this bonus in the finding deals post.

  Tags: Chase Manhattan Bank, checking account

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Comment #1 by Mike (anonymous) posted on
There's no Chase Bank in Boston, MA?? I couldn't find one on their website. That's strange, since Chase is such a large bank and Boston is one of the major financial centers in the nation. I guess there's no way I can open this over the phone or online, right?

Comment #2 by Anonymous posted on
That's right. Chase Bank does not do business in the state of MA. Boston is really not considered "major financial center". If you want, hop on a train or bus to NYC, and open account in NY. Otherwise, you're only option is for Citibank, which has recently entered into the Boston market (2 branches). And, if you live outside the county of Boston and open account online, you may have your atm fees refunded. Check terms and conditions for details.

Comment #3 by Johan (anonymous) posted on
the link only sends me to the chases main site, i can do that by myself by typing

Comment #4 by Banking Guy (anonymous) posted on
Banking Guy
Johan, it appears that Chase may have ended this promotion. The link had worked previously.

Comment #5 by Anonymous posted on
Must be over. It dodn't come up as $100. They are always changing their minds about these things.


Comment #6 by Banking Guy (anonymous) posted on
Banking Guy
You might want to try this $75 Chase bonus. Hopefully, this one won't disappear prematurely.

Comment #7 by Anonymous posted on
Chase has been excellent. I have had several checking accounts with them and the bonuses are always paid quickly.