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.
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 Total Checking Account – $200
Does Chase really give you $200 to open an account? Yes! – here are the details of the Chase Total Checking Account offer.
You can get $200 when you:
- Open a new Chase Total Checking account and
- 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.
- If you close the account within 6 months of opening, they will take back the bonus money.
The Chase Total Checking account has a $12 monthly service fee unless you do one of the following:
- Have a monthly direct deposit of $500 or more into the account, or,
- Keep a minimum daily balance of $1,500 or more in the checking account, or
- Keep an average daily balance of $5,000 or more in any combination of qualifying Chase checking, savings, and other balances.
Once you meet the requirements, the bonus will be deposited within 10 business days. The bonus will be reported as interest.
Learn more about Chase Total Checking
All bonuses are reported as bank interest on Form 1099-INT.
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 20 business days of account opening,
- Maintain a $2,000 balance for 60 days,
- Complete five qualifying transactions within 60 days – debit card purchases, Chase QuickDeposit, ACH (credits), and wires (credits and debits)
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.
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?
Jim Wang says
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
Jim Wang says
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?
Jim Wang says
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?
Jim Wang says
I’m not 100% sure but I think it’s likely a soft inquiry.
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?
Jim Wang says
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?
Jim Wang says
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?
Jim Wang says
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?
Jim Wang says
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?
Jim Wang says
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.
Jim Wang says
Yes, you can combine the checking and savings offers.