Editor’s Note: As of April 14th, 2021, Chase is no longer offering a consumer checking account offer. There is still a business checking account offer listed below. We will update this post whenever the consumer offer returns – until then, our post on the best bank bonuses and promotions has other offers that might interest you or click here to sign up for our email newsletter and get notified of new bank promotions.
When it comes to new account bonuses, Chase Bank offers some of the most generous bonuses – often worth hundreds of dollars when you open a new checking or savings account.
Chase Bank updates these offers from time to time. I’ve seen offers for $350 all the way up to $600. Sometimes there will be multiple promotions on the same accounts, so always go with the higher one if you can meet the balance requirements! We maintain a list of the best bank promotions for a checking and a savings account.
For each offer, you can open an account online or you can request a Chase coupon via email and bring it to your local branch to open an account. While available nationwide, you can only open an account online if you have a physical branch in your state.
Bank of America $100 New Checking Account Bonus Offer
For new checking customers, Bank of America has a $100 cash bonus offer. To qualify, open an account through the promotional page by June 30th, 2021 and set up and receive at least 2 qualifying direct deposits of $250 or more into that account within the first 90 days of opening.
This is a limited time offer!
Does Chase Bank have any active promotions right now? Yes, here they are:
Table of Contents
How does a Chase bonus work? As you’ll see with the list below, Chase will give you a bonus if you open a bank account and meet their conditions. A checking account bonus will require you to open an account and set up a direct deposit. A savings account bonus will require you to open an account and deposit a minimum amount to get the bonus. The terms are easy to achieve and routine, nothing above and beyond what other banks request. I’d consider them all “easy” to achieve without any gotchas.
Chase Business Complete BankingSM — $300
If you open a new Chase business checking account and satisfy some qualifying activities, Chase will give you $300 when you:
- Deposit $2,000 in NEW money within 30 business days of account opening,
- Maintain a $2,000 balance for 60 days,
- Complete five qualifying transactions within 90 days – debit card purchases, Chase QuickDeposit, ACH (credits), and wires (credits and debits)
Get $300 with a Chase Business Complete Banking Account
Chase Freedom Unlimited – $200
The Chase Freedom Unlimited card is offers one of the best credit card welcome bonuses out there. There is a sign-up bonus of $200 after you spend $500 on purchases in your first three months. Where else can you get such a high bonus amount for such a, relatively, low spend?
It is also a $0 annual fee cash back credit card that offers 5% on travel purchases through Chase Ultimate Rewards, 3% at drug stores and dining, plus 1.5% cash back on all other purchases. Be enticed by the bonus but stay for the awesome cashback rates.
The rewards are in the form of Chase Ultimate Rewards points which can be redeemed for gift cards, merchandise, and “cash equivalents.” If you want cash, you can get cash too (statement credits, bank deposit) but the reward points are quite useful using their portal.
Learn more about the Chase Freedom Unlimited Card
How to Get a Promotional Chase Coupon?
To get these deals, you may need to go to the website and request a “Chase coupon.”
The bonus terms and conditions are above but to get access to the offer, you’ll need to go to the Chase website and request a “coupon.”
Now go to your email account and print out the email they sent. Take it to a branch and open an account. You will need to bring the email, either as a printout or on your phone, so they can enter in the coupon code. It’s a long string of letters and numbers.
If you go to a Chase branch without one of these coupons, wit the coupon code, they may not give you the offer. Go with the coupon and avoid any questions.
That’s all you need to do to get the promotional coupon offer!
Who Is Not Eligible for Chase Bonuses?
There are rules regarding who is eligible for these offers – for each of the checking and savings offers, you cannot get the bonus if you’re an existing Chase customer for that product. So if you have an existing Chase checking account, you cannot get the bonus for the checking offer. If you have an existing Chase savings account, you cannot get the Chase savings account offer.
Also, you can only get one new checking and one new savings account bonus every two years based on the enrollment date.
Things like this can invalidate you so make sure to review our guide on bank account bonuses to see what other gotchas other banks may have in their terms and conditions.
How Does This Offer Compare?
The business checking account offer is OK (see other business checking offers) but since there is no personal checking account offer – any other offer out there compares quite favorable!
Here are a few others:
Wells Fargo – $200
Wells Fargo has a nationwide promotion of $200 for a new checking account when you open a new checking account with at least $25 and receive a total of $2,000 or more in qualifying direct deposits into the new checking account within 90 days from account opening.
You can learn more about the Wells Fargo promotions to see how to get it.
Axos Bank – $100
Axos Bank has a great promotion where you can get $100 when you open a high yield savings account and an Essential Checking account using promotion code GET100. The high yield savings account has a $250 minimum deposit. On the checking account, you have to receive direct deposits totaling $1,000 or more within 60 days.
Click here to see how you can get $100 from Axos Bank.
SoFi Money – $50 – $100
SoFi Money will give you $50 if you open an account and deposit $500. The bonus is small but the requirements are so simple that I had to list it first.
If you are willing to set up a deposit of $500 or more, you can get a bonus of up to $100.
These bonuses are so easy to get. Learn more about SoFi promotions here.
Bank of America – $100
Bank of America offers a $100 cash bonus if you open a new account and set up and receive at least 2 qualifying direct deposits of $250 or more into that account within the first 90 days of opening. It has a monthly fee that is easy to have waived, you can learn more about this offer here.
That’s it – enjoy the free cash!
Chase Bank Promotions
Strengths
- Wide geographic footprint
- Apply online
- Relatively easy bonus requirements
Weaknesses
- Requires direct deposit
- Monthly maintenance fee (that is easily avoided)
Ira H Tashman says
What if your checking account has zero balance when you close it after you get the bonus, but less than 6 months? Then how can they take the bonus money back from you?
I don’t know but I wouldn’t try – why not wait if that’s your goal?
oj erasa says
did they chargeback your account or did you wait 6 mos?
Mark says
How to go about getting a bonus for checking account and direct deposit at Chase Bank in Shepherdsville Kentucky
You can request a coupon via email and bring it to your local branch to open an account.
hailey hood says
i opened an account and my check automatically direct deposits. i still haven’t got the $200 bonus. any idea why?
Please reach out to Chase directly to find out the status of your bonus – the best way is to call them at 1-800-935-9935.
Kane Williams says
Do you know if Chase does a hard inquiry or have any sort of affect on your credit when opening the account?
I’m not 100% sure but I think it’s likely a soft inquiry.
Tasha says
I recieved my $200 bonus. Are their any bonuses for new saving accounts?
I keep this page updated with all the active promotions we’re aware of – we don’t see one at this time. (2/2/2021)
jam says
If I open a checking account online using the coupon code I received from Chase by email, how can I deposit the initial required amount into my account other than visiting a branch?
I don’t have a Chase bank account but I suspect you can link up an existing bank account elsewhere and transfer the funds via the ACH system.
Jane says
Exactly what does “Set up and receive a Direct Deposit with 60 days. The direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits.” mean? Can’t I simply transfer the money from a personal bank account to Chase? Does it have to be a paycheck from my employee?
A personal transfer typically won’t count, it’ll have to be a paycheck from your employer or benefits from the government.
Jane says
So if I’m self-employed I’d need to use a company’s check to transfer the money from my business account to the personal one, correct?
I think it needs to be a direct deposit from a payroll system for them to recognize it. I’m not 100% sure though, I would call to find out.
Matt says
How much needs to be direct deposited in order to receive this checkings account bonus? And is it just one deposit or recurring?
For the Chase Total Checking, there is no requirement on the minimum amount or number of deposits. You can avoid fees by having a direct deposit of $500+.
Leslie says
For the Chase checking bonus:
The direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits.
Does it HAVE to be only one of the above or could I do an ACH transfer to my account from an external account?
It has to be from your employer, pension, or government.
David Belanger says
Are you able to combine bonus offers? For example if I were to open a total checking and chase savings, meeting all the requirements.
Yes, you can combine the checking and savings offers.
Khemwattie Beharr says
Hey I just opened an account today 1/5/21!!! I wasn’t told about it (Orlando)
Talk to your banker t see if they can retroactively apply it.o