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Another $100 Checking Account Bonus at Chase


Chase Bank is again offering a $100 bonus for opening a checking account. Here's the link to the promotions page. You still can get a $125 bonus, but this $100 one doesn't require direct deposit. You can qualify for the $100 bonus with just debit card usage. This $100 offer is scheduled to last through 5/28/2010. Here are the details of what's required from the offer's small print:

  • Open a new Chase CheckingSM account with a $100 minimum deposit of new money
  • Within 60 calendar days of account opening, Chase must receive from your employer or the government a monthly electronic direct deposit of your payroll, pension or government benefits, such as Social Security, OR you must have at least five debit card purchases posted to your account.
  • The reward will be deposited into your new account within 10 business days after meeting one of these requirements

Some of the important small print:

  • Limit one checking account-related reward/premium per customer, per calendar year.
  • Checking account must remain open for a minimum of six months or the bonus will be debited from the account at closing.
  • Bonus is considered interest and will be reported on IRS form 1099-INT.

Even though the small print implies that existing customers may qualify for this bonus, you may have difficulties. A reader reported trying to open another checking account for the $125 bonus. It was over a year since her last bonus, but the branch manager refused to let her apply for the promotion. You may have a better chance if you apply online.

Please refer to the Chase Bank Rates and Reviews page for a list of my previous Chase Bank posts including a $200 business checking promotion.

Thanks to the reader who emailed me news of this new promotion.

Related Pages: checking account

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Anonymous   |     |   Comment #1
small print states: "Offer not available to existing Chase checking customers."
Anonymous   |     |   Comment #2
Fine Print also states that "Chase CheckingSM has no monthly service fee when you have a direct deposit or five or more debit card purchases post to your account each statement period".  So looks like you would have to continue the debit card purchase to avoid the service fee for 6 months. Not worth it for me.
Mike D
Mike D (anonymous)   |     |   Comment #3
I just was turned down for this bonus at a Chase branch. The CSR rep's computer came up with this message as she was opening the account: Customers who have/had a Chase account are ineligible for this promotion. The fact that I had a Chase account in th4e past, but closed it about 6 months ago, made me ineligible for this promo. Mike D.
mdelmatt   |     |   Comment #4
I continue to get the runaround form Chase as I try opening this account. ACRS on the phone advised me to sign up online. I did. I was told I could not fund the account at any branch, that I had to send a check with my appication. I did. Today, two weeks after I sent in the application with the check, I received the whole application and check back via mail form Chase. There was a thumb-print-sized sticky note on my check which said, We cannot accept checks that do not have your address printed on them. (Never heard that noe before. I use those checks for many other bills etc. and EVERYONE ELSE  accepts them. In fact, I read where it is prudent in terms of security NOT to have your address printed on your checks). Called Chase CS yesterday; spoke with a supervosor. The supervisor could not help me open the account. All One Big fat runaround...
mdelmatt   |     |   Comment #5
To "anon" who apparently misread what I said and wrote:  "small print states: "Offer not available to existing Chase checking customers.".

I am NOT "an existing Chase customer." I am a FORMER Chase customer who closed his account long ago.
Anonymous   |     |   Comment #6
I opened an account at Chase bank on 5/10 with a direct deposit. It would have been advisable for the person at the bank to tell me re: the Continental offer of 10,000 miles when opening an account and doing direct deposit. I've just learned of this and cannot take advantage of the offer. Suggest who ever is reading this should be fully aware of the Chase/Continental Airlines offer. From a frustrated Chase member and Continental member.......savtacarole!msn.com