Update 8/7/07: The promo page is no longer available. This special seems to have ended. There's another $100 bonus in this older post that's available until 8/31/07, but it requires a branch visit.
Here's another $100 checking account bonus from Chase Bank. The nice thing about this is that you have a choice of visiting a Chase branch or applying online. Here's the promotional page link. As usual it requires direct deposit. A $100 minimum opening deposit is required. The offer ends on 10/31/07.
I noticed in the small print that the reward will be automatically deposited into your new account within 10 days of account opening. In the last promo I had posted on, the small print stated a delay of up to 8 weeks after the initial direct deposit. So in addition to the online application, this is another advantage of this latest promo.
One important point is that Chase will charge you $23 for the first box of checks. You may be able to prevent this if you write "do not order checks" on your signature card. I recommend contacting Chase and confirming this if you don't want the checks.
Some additional important details that are the same as before 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 (so you may not be able to combine with a $25 referral bonus). 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. About effects to your credit score, Chase has been reported to do hard credit pulls. Refer to this FW thread for more info on this.
Thanks to the reader Curtis for mentioning this new bonus in the finding deals post.
For those who might be in college and don't want to bother with direct deposit, Chase also has a Free College Checking Account Promo with a $15 bonus (and they make a $10 donation to cancer research). Credit for this find goes to Hustler who also mentioned this in the finding deals post.
Update: Added info on avoiding the charge for checks.