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Update on Chase Checking Bonuses

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Chase Manhattan Bank
Update 10/15/09: The $100 promotion expiration has been extended to 12/31/09. There's also a $125 bonus that's available through 10/31/09. Refer to my Chase $125 post for more details.

Chase extended the $100 bonus that's available at this promotion page to 12/31/09 7/24/09. This is for personal checking accounts. It can be done online or at a branch. The bonus requires either direct deposit or five debit card purchases. Refer to my May post for more details. Every once in a while Chase offers $125 bonus for their personal checking accounts so keep an eye out for those.

Chase also has a new $200 business checking promotion which is good through 7/31/09. The promo page is available here. Credit for this find goes to SlickDeals member m124 who posted on it in this SD thread. The bonus requires a $500 minimum deposit in a qualifying Chase business checking account. Refer to my 2008 post which covered the details of this promotion. Some on the SD thread reported that they tried applying online, and they received a note about invalid or already used coupon code. It appears this is due to not having a Chase branch within 30 miles from your address. And a WaMu office may not qualify if it hasn't been converted yet into a Chase office.

Beware of Fees

Readers in my last Chase post mentioned some fees to watch out for. One is a $3 fee for initiating an ACH transfer from Chase to an external account. Transfers initiated from outside Chase are not subject to a Chase fee. This is how I transfer out of my Chase account. This $3 fee and other fees are described in Chase's account disclosures which are available at this page. According to the disclosure, this $3 fee may be waived with certain account types.

Other potential Chase Checking fees include a $6/month fee. To have this waived, you must have direct deposit or if you have 5 or more debit card purchases. There's also a $2 fee for using non-Chase ATMs ($3 for outside the U.S.) This Chase Checking page has more details on these fees.

Chase Branch Locations

Chase has branches in many states but not all. There are no branches in California, but they're in the process of converting WaMu branches into Chase branches. You may not be able to use WaMu branches for these Chase promos yet. 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).

Edit 10/10/09: Added new promo page link to replace coupon.chaseinformation.com which showed that the offer had expired.
  Tags: Chase Manhattan Bank, checking account

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Comments
16 comments.
Comment #1 by Anonymous posted on
Anonymous
Yet another banking disaster! I am a WAMU customer and when I look at the new policies/fees after the merge with Chase this month I want to cry. Chase has destroyed the WAMU way. Chase is worse than B of A. They have a fee for everything including walking in the door and saying hello.

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Comment #2 by Anonymous posted on
Anonymous
All big banks will continue to follow each other, especially when it comes to adding new policies, fees; anything to increase their revenues. Just look at Bank of America, Chase, Citibank, Wells Fargo (wachovia), US Bank, HSBC, SunTrust, Bank of New York, PNC, Regions Bank, RBS Citizens, Capital One, Keybank, Fifth Third Bank, Sovereign Santander, Huntington Bank, TD Bank, to name a few.

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Comment #3 by Anonymous posted on
Anonymous
Starting to grow fond of Charles Schwab. Not as many locations but hardly any fees, great service, FDIC on checking and high yield savings, free atm everywhere, brokerage accounts.

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Comment #4 by Anonymous posted on
Anonymous
I believe the California WaMu branches have already been converted to chase, at least in my area of Southern California.

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Comment #5 by Anonymous posted on
Anonymous
Just a reminder: "Limit 1 personal checking account-related cash bonus/premium per customer, per calendar year. Offer not available on account conversions or in combination with any other offer. Checking account must remain open for minimum of 6 months or the cash bonus will be debited from the account at closing, and may be subject to early account closure fee. Cash bonus is considered interest and will be reported on IRS Form 1099-INT."

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Comment #6 by Anonymous posted on
Anonymous
WaMu branches in California have been rebranded but *not* converted. They are still on the WaMu systems.

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Comment #7 by Anonymous posted on
Anonymous
need to maintain the account for 6 months with DD or 5 debit transactions - not sure if it's worth the trouble.

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Comment #8 by Anonymous posted on
Anonymous
All features that WaMu customers had will be grandfathered for the life of the accont. My account was opened in Washington and has already been transfered to the Chase system and I still get free checks for life, no monthly fee, free money orders, etc.
-Shawn-

In response to:

Yet another banking disaster! I am a WAMU customer and when I look at the new policies/fees after the merge with Chase this month I want to cry. Chase has destroyed the WAMU way. Chase is worse than B of A. They have a fee for everything including walking in the door and saying hello.

1
Comment #9 by Anonymous posted on
Anonymous
All features that WaMu customers had will be grandfathered for the life of the accont. My account was opened in Washington and has already been transfered to the Chase system and I still get free checks for life, no monthly fee, free money orders, etc.

Read the Chase Account Rules and Regulations

If you do not use the free "grandfathered" accounts, they get converted to Chase accounts with all the fees.

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Comment #10 by Jasper (anonymous) posted on
Jasper
Just wanted to say that Chase has extended this offer to 10/16/2009. $100 with 5 Debit Card Purchases or 1 Direct Deposit. Cheers!

~kowyzg0moo

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Comment #11 by Anonymous posted on
Anonymous
I was told by a CSR (and confirmed this in writing by bank mail) that the monthly fee avoidance requirement is waived for the first two statement cycles for a new checking account is opened. Also, Chase uses the 12th of the month as the beginning of all checking account cycles and the 11th as the last day.

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Comment #12 by M (anonymous) posted on
M
my WaMu checking account is grandfathered into my current california chase checking account and i don't have fees because of a direct deposit each month but they do take a VERY LONG time to do ACH pushes. Yesterday 9/11 I set up ACH pushes which they said they couldn't possibly do before 9/16 as it takes them that long to prepare them. Also you must have enough money in your account on the day you set up the ACH or it won't let you set up the ACH push. They are trying to earn money off the float. WaMu didn't do this; WaMu treated customers much better. Even when I go in to my local branch I find the CSRs to be standoffish and snotty. The WaMu CSRs were friendly and helpful.

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Comment #13 by Anonymous posted on
Anonymous
Has anyone heard of bump-up rates offered from WaMu/Chase. My 5%CD matured yesterday and when I called the 800 number I was given these "bump-ups" rates but when I went to the bank they had never heard of them. I called again and didn't get these "bump-up" rates. What's going on?

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Comment #14 by Anonymous posted on
Anonymous
Has anyone had trouble using the $100 link?

I get all the way to the last page and it errors out at cant process, error code 1300

I'm logged in to my Chase CD account as I do this. It objects if you don't so this and are an existing customer.

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Comment #15 by Anonymous posted on
Anonymous
Just called JPM Chase (the worlds largest bank), and to remove my 20,000 cd which renewed from Wamu, I would need to pay $655 dollars. That is ultimate highway robbery. Since Wamu policy stated 3 months interest penalty only. JPM got 30 billion in TARP money. The crooks.
The crooks.

Big banks will default us all if you are not careful. How is it they can send you terms of agreements which you cannot understand, and yet without signing, you are liable. Amazing.

Not in America, where this a regulatory agency. Oh, the bank regulate themselves. Did not know that.

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