There's another $125 bonus for a Chase checking account with direct deposit. The promo page allows you to apply online or at a branch. Like the last one, you have to be logged into your Chase account (credit card or bank account) to see it. Also be aware that these promo pages often expire before the expiration date.
$125 Chase promotion page - 5/15/2010 expiration - Must be logged in to see
Here are the steps listed to receive the bonus:
1. Print this page and take it to your local Chase Branch or apply online by May 15, 2010.
2. Open a Chase Checking account and set up direct deposit.
3. We'll deposit $125 into your new Chase CheckingSM account within 10 days of your initial direct deposit posting.
And here is the small print listed in the promo page:
Bonus/Account Information - To qualify for the reward you must open a new Chase Checking account with a $100 minimum opening deposit of new money (money not currently held by Chase or its affiliates). Also, within 60 calendar days of account opening, you must initiate a monthly direct deposit which includes payroll, pension or Social Security, or other government benefits. The reward will be deposited into your new account within 10 days after the initial direct deposit has posted to your account. 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. Reward is not considered part of the minimum opening balance. Checking account must remain open for a minimum of six months or the reward will be debited from the account at closing. Account is subject to approval. Reward is considered interest and will be reported on IRS Form 1099-INT.
Hat tip to reader ekat who mentioned this new $125 promo in the comments.
Note, the $125 bonus requires direct deposit. However, there have been reports that ACH transfers from banks may qualify.
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.
Beware of Fees
Readers in my May 2009 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.
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 2009.
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.
Chase is FDIC insured under JPMorgan Chase Bank, N.A. (FDIC Certificate # 628).
Other Bank Bonuses
Chase often has bonuses for business checking accounts. Occasionally this is $200, but the best one that appears to be available now is $100. Here's the Chase promotions page. It's scheduled to last through 4/15/2010.
For those with Chase checking accounts, there's a $15 bonus for using its online bill pay. Here's the bill pay promo page. It's scheduled to last through 3/31/2010.
To find other bonus deals at other banks, please refer to my bank bonus page which has all of my recent bank bonus posts.