I originally posted this on the Chase Bank page, but the Ask The Community page is probably the better location...
Chase is currently running a $300 bonus general promotion for opening a Chase Business Complete Checking account. Among the terms and conditions are the following (emphasis added):
1. Signers can receive only one new business checking account opening related offer every two years from the last "enrollment" date.
2. Deposit a total of $2,000 or more in new money into your new checking account within 30 days of offer "enrollment."
3. Maintain at least a $2,000 balance for 60 days from the offer "enrollment."
4. Complete 5 qualifying transactions within 90 days of offer "enrollment."
I maintain that these terms as written imply that four separate clocks begin ticking on the day I open the account and enroll in the promotion. Specifically, I believe the terms allow me to deposit the $2,000 on day 30, withdraw it again on day 60, and still meet the deposit and maintenance period requirements of the offer. Chase telephone representatives claim that the $2,000 must actually be on deposit for a full 60 days (i.e., that the 60-day clock begins ticking on the day I make the deposit), regardless of the promotion's written terms.
Chase is also mailing to some people a similar targeted offer that pays a $750 bonus for a $20,000 deposit.
Has anybody tested this discrepancy and either received or been denied the promotion bonus after having the money on deposit for less than 60 days?