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Update on Chase Personal Checking Account Bonus


Chase Manhattan Bank
The old $125 Chase Checking Account bonus seem to have expired. The only bonus for a Chase personal checking account that I can find is a $50 bonus at this new promotion page Chase has often had $100 bonuses. If you need a checking account and you don't want to wait for one of these, the $50 is better than nothing.

At that promotion page enter your email address, and it'll email you a promotion code that can be used at a branch or at Chase's online application. The expiration date listed as of today is 12/31/08.

Some of the important small print of this offer includes:
  • $100 minimum opening deposit of new money
  • Chase Free Checking has no monthly service fee when you have direct deposit or at least 5 debit card purchases per cycle.
  • Limit one personal checking account-related reward/premium per customer, per calendar year.
  • To receive the bonus, the first direct deposit must be completed within 60 calendar days of account opening
  • The cash bonus will be deposited into your new account within 10 days after the initial direct deposit
  • Checking account must remain open for a minimum of six months or the reward will be debited from the account at closing.
  • Cash bonus is considered interest and will be reported on IRS Form 1099-INT.
For more details about the Chase checking account bonus and the Chase checking account, please refer to this previous post. Many people have reported being able to use bank ACH transfers (excluding PayPal) to count as direct deposit. Regarding a hard credit pull, when I opened a Chase checking account last year, I did not receive a hard pull. Some readers have reported a hard pull. Refer to the previous post for details.

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).

Credit for this find goes to this FW thread.

  Tags: Chase Manhattan Bank, checking account

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Comment #1 by Anonymous posted on
Every Chase credit card statement that I have received, including the one I received on Saturday, includes a coupon for $125 if you open a checking account with direct deposit.

If you want a coupon, I would suggest checking the inserts with the Chase credit card statements.

Comment #2 by Anonymous posted on
You can buy the $125.00 coupons on ebay. Just type "bank coupon" in the search field. You will also find the WAMU coupon there.

Comment #3 by Anonymous posted on
Why would you buy coupons on ebay? Seems very sketchy to say the least; and, what if the coupon is invalid or not honored after the term of the JPM-Chase FreeChecking (~10days after first direct deposit) or the WaMu deal (which says 12weeks after opening). The bank can say the code entered was used or no longer available. Then, you're out of money at ebay.

Comment #4 by Anonymous posted on
Not if you use Paypal!! Your protected if the coupon did not work. Also, I would not pay more than a dollar or two for one anyway. I got the WAMU coupon for $1.29. Not a bad price for a $100.00 in future returns.

Comment #5 by Doug (anonymous) posted on
The current Chase coupon codes clearly say that they are only good for the email address that was used to get them and are nontransferable. So getting them on eBay seems suspect at best. And, Paypal may not cover a refund, since codes are considered "intangibles"---been there, done that. Caveat emptor! Ergo, the legit $50 bonus was just fine with me.

Comment #6 by Anonymous posted on
Check your local post office for a moving packet, my post office has $125 Chase coupons inside.

Comment #7 by Anonymous posted on
The WAMU coupon worked just as I thought it would!! $100.00 for $1.29 - not a bad investment!!