Chase has a $200 bonus for opening a business checking account with minimum deposit of $500. Here's the promotional page. It requires you to print out a coupon with the typical unique code, and take that into your local Chase branch. Offer is valid through March 15, 2008.
A reader noted in the comments that Chase only requires a tax ID number to open a business account. I called Chase yesterday, and at least for Texas, they only need either proof of a tax ID number or a business certificate. Others mentioned in this FW thread being told of other requirements. So be sure to check with Chase.
As the commenter mentioned, anyone can obtain a tax ID number for free from the IRS. There's an online application at the IRS website. Note, this may complicate your taxes since you may need to file a Schedule C to report this bonus. But if you already have a small business, this shouldn't be an issue.
The business checking accounts that qualify for this bonus include the Chase BusinessClassic Checking, the Chase Advanced Business Checking and the BusinessPlus Checking. All have monthly fees. The fees on the first two can be waived, but it requires a fairly large balance ($6,000 for the BusinessClassic). Another option to avoid fees is to sign up for the Business Complete package in which fees are waived for the first 12 months.
Below is the small print of the promotion:
Open a Chase BusinessClassic, BusinessPlus or Chase Advanced Business Checking Checking account and deposit a minimum of $500 or more within 30 days of account opening with funds not currently on deposit with Chase. Cash Reward will be deposited automatically into your checking account within 10 business days after the $500 minimum deposit requirement is met. Account opening is subject to approval. Minimum opening deposit of $25 is required. One cash bonus per business entity. Cash bonus may be considered interest reportable on IRS Form 1099-INT. Offer valid through March 15, 2008.
Chase Branch Locations
Chase has branches in many states but not all. There are no branches in California. States with Chase branches include Arizona, Colorado, Connecticut, Florida (Southwest), Illinois, Indiana, Kentucky, Louisiana, Michigan, New Jersey, New York, Ohio, Oklahoma, Texas, Utah, West Virginia and Wisconsin.
Chase is FDIC insured under JPMorgan Chase Bank, N.A. (FDIC Certificate # 628).
Other Bank Bonuses
If you don't want to hassle with a business account, Chase has a $125 bonus for a personal checking account. My last report on this was on February 3rd. I've heard about some people receiving $200 bonus coupons in the mail for personal accounts. So keep an eye out for those.
In addition to Chase, a $200 Citibank bonus still seems to be availble. A reader just commented that he was able to sign up for it. This bank bonus page has a full list of all my recent bank bonuses.
Thanks to the reader who mentioned this $200 Chase Business Checking bonus in the finding-the-best-deals post.