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Update on Chase Checking Account Bonuses

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Chase Manhattan Bank
Chase often has a $100 checking account bonus, but sometimes they offer $125. Here's a link to a new $125 bonus that's scheduled to last until 1/15/10:

$125 Chase promotion page - Must be logged into your Chase account to see it.

Note that in the past these $125 promotion pages have expired before the scheduled date. Credit for this find goes to this SlickDeals thread. Several coupon codes are listed in the wiki part of this thread if you can't log in.

Below are the required steps listed in the promo page to qualify for the bonus:
1. Print this page and take it to your local Chase Branch or apply online by January 15, 2010.
2. Open a Chase Checking account and set up direct deposit.
3. We'll deposit $125 into your new Chase Checking account within 10 days of your initial direct deposit posting.

Note, this requires direct deposit. However, there have been reports that ACH transfers from banks may qualify.

If you have problems with the above promo, you can give this $100 bonus a try. This is also good online or at a branch. The expiration date is 12/31/09, but I'm sure a new one will pop up soon. One plus with this $100 bonus is that you can substitute 5 debit card purcases for direct deposit.

You may also be able to find hard copies of the $125 promotion in address change packets at your post office. The $100 promo ads seem to be very common.

$200 Chase Business Account Promotion

The $200 bonus for the business checking account is also common. Here's one that's scheduled to last until 1/30/2010:

$200 Business Checking bonus - Must be logged into your Chase account to see it.

Credit for this find goes to this SlickDeals thread. Several coupon codes are listed in the wiki part of this thread if you can't log in.

Open a qualifying Chase business checking account with a minimum opening deposit of $500, and you'll receive a $200 bonus. Deposit must be made within 30 days of account opening. $200 bonus will be deposited to your account within 10 business days of meeting the deposit requirement.

Beware of Fees

Readers in my May 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 monthly service 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 Branches

It appears Chase has finished the conversion of all WaMu branches. According to this Wikipedia article, the last branches that were converted were the ones in AZ, CA, CO and NV in October.

States with Chase branches include Arizona, California, Colorado, Connecticut, Florida, Idaho, Illinois, Indiana, Kentucky, Louisiana, Michigan, New Jersey, Nevada, New York, Ohio, Oklahoma, Oregon, Texas, Utah, Washington, West Virginia and Wisconsin.

For those with WaMu or Chase CDs, refer to my October post to learn what to watch out for.

Chase is FDIC insured under JPMorgan Chase Bank, N.A. (FDIC Certificate # 628).

Other Bank Bonuses

To find other bonus deals, please refer to my bank bonus page which has all of my recent bank bonus posts.
  Tags: Chase Manhattan Bank, checking account

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Comments
13 comments.
Comment #1 by Anonymous posted on
Anonymous
I took advantage of the $100 Chase bonus last week (the day before Christmas - as a gift to me). A couple of interesting things to note:
1.) In review of the different "Chase" checking accounts available, it was determined NOT to close my existing WaMu Free Checking account, for it provides benefits at no cost that a "Chase" account will require to provide (higher balance and fees).
2.) Chase does not provide ANY "totally free" checking. A fee is charged unless certain requirements are met (direct deposit, or 5 debit transactions per statement period).
Regarding the 5 debit transactions - they do NOT require a signature nor minimum dollar amount.
3.) The account must remain active for at least 91 days before closure to prevent early termination fees.

So, 15 $6 or less debit transactions spaced out over three months at the beginning of each statement period should be easy to perform without depleting the initial $100 deposit....

LBH

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Comment #2 by mikehinton (anonymous) posted on
mikehinton
Do these still work if you already have a Chase checking account?

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Comment #3 by Banking Guy (anonymous) posted on
Banking Guy
I don't see them restricting the bonus to new customers. The only restriction in the small print that I see for the personal account bonus is "Limit one personal checking account-related reward/premium per customer, per calendar year".

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Comment #4 by Anonymous posted on
Anonymous
I clicked on the link and logged in, but I did not see any promotion pages, just my account information...

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Comment #5 by cjdtech (anonymous) posted on
cjdtech
The $125 bonus doesn't apply to account conversions, so if you have an old WaMu Free Checking, it wouldn't qualify. Hopefully there will be a bonus around shortly to take advantage of for the new calendar year.

1
Comment #6 by Anonymous posted on
Anonymous
How do I open the account to get the bonus, if I am not already a customer? Where can I get the promo code. I needed 2, one each for me and my wife.

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Comment #7 by Sarah N (anonymous) posted on
Sarah N
Responding to first Anonymous: the fine print for this bonus requires the account remain open 6 months ("Checking account must remain open for a minimum of six months or the reward will be debited from the account at closing.")

Can anyone confirm that ACH from another bank will count as direct deposit at Chase? I have a reward checking account and don't want to have to track another 5 transactions/mo.

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Comment #8 by julio (anonymous) posted on
julio
Georgia was left out of the listing of states that currently have Chase branches. We also were converted from WaMu.

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Comment #9 by mikehinton (anonymous) posted on
mikehinton
I have had a Chase checking account for over a year. I transfer $10 in the first of every month and transfer out $10 the fifteenth of every month. I never received a monthly fee the entire time. Hope this helps.

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Comment #10 by Anonymous posted on
Anonymous
Do not fall in to coupons with case bank they will get you. chase is totaly ripoff. they will send you coupans when you open the account they will not pay you for the coupon and make some reasons which they did it to me. Then I got enrolled in there points program and ordered some BP gift card for those points, its been two months they haven't sent it to me.
"Chase is RIP OFF if you want some good advice Dont open occount with Chase bank"

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Comment #11 by Anonymous posted on
Anonymous
 

I applied fro free business account and was told that it only applies to California.

The rest of us are traped in endless fees and high monthly balances.

 

 

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Comment #12 by Sarah N (anonymous) posted on
Sarah N
YMMV, but Chase customer service confirmed that I received the personal account direct deposit bonus due to my ING deposit (set up using trial deposits) but not PayPal deposit (set up w/o trial deposit).

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