Wallet Hacks

Chase Bank Promotion: $500 for New Checking & Savings Accounts

Forget free toasters and t-shirts, these days banks are fighting tooth and nail for your business.

Chase is one of the most aggressive with offers in the hundreds of dollars when you open a new account.

The best offer is a total of $500 for opening two accounts – a checking and a savings account. You can do both and earn both bonuses and this available to everyone.

Chase Bank changes these offers up frequently. I've seen offers for $350 all the way up to the currently available $500. Sometimes there will be multiple promotions on the same accounts, so always go with the higher one!

For each offer, you need you request a coupon via email on the promotion page and bring it to a branch to open an account.

The current available Chase promotional offers are:

The previous $350 offer expired on October 17th but they re-upped it, added three months to the deadline, so you have until now April (they've done this multiple times, I don't think this offer is in danger of being really expired). The terms of the offer did not change.

Here's how to get the free money:

Up to $350 for Chase Total Checking Account & Savings Account

Latest $500 Offer

You can get $300 when you:

The Chase Total Checking account has $12 monthly service fee unless you do one of the following:

  1. Have a monthly direct deposit of $500 or more into the account, or,
  2. Keep a minimum daily balance of $1,500 or more in the checking account, or
  3. 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.

You can also add another $200 with a Chase Savings Account:

The Chase Savings account has $5 monthly service fee unless you do one of the following:

  1. Keep a minimum daily balance of $300 or more, or,
  2. Have at least one repeating automatic transfer of $25+ from your Chase personal checking account, or,
  3. Have a linked Chase Premier Plus Checking, Chase Premier Platinum Checking, or Chase Private Client Checking account.

Once you meet the requirements, the bonus will be deposited within 10 business days. The bonus will be reported as interest.

Get a coupon emailed to you

Up to $350 for Chase Total Checking Account & Savings Account

An older and less rich offer but doesn't require as big of a deposit in the savings account ($10,000 vs. $15,000 in the account).

You can get $200 when you:

The Chase Total Checking account has $12 monthly service fee unless you do one of the following:

  1. Have a monthly direct deposit of $500 or more into the account, or,
  2. Keep a minimum daily balance of $1,500 or more in the checking account, or
  3. 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.

You can also add another $150 with a Chase Savings Account:

The Chase Savings account has $5 monthly service fee unless you do one of the following:

  1. Keep a minimum daily balance of $300 or more, or,
  2. Have at least one repeating automatic transfer of $25+ from your Chase personal checking account, or,
  3. Have a linked Chase Premier Plus Checking, Chase Premier Platinum Checking, or Chase Private Client Checking account.

Once you meet the requirements, the bonus will be deposited within 10 business days. The bonus will be reported as interest.

Get a coupon emailed to you

$300 for Chase Premier Plus Checking

This one is separate from the above and it's $300 for opening a Chase Premier Plus Checking account. You must get the coupon via email and bring it to a Chase branch.

You need to be a new Chase checking customer, deposit at least $25 at account opening, and have your direct deposit made to the account within 60 days of opening the account. You'll get the bonus within 10 days. You need to keep the account open for at least six months or they will deduct the bonus.

The Chase Premier Plus Checking account has a $25 monthly service fee unless you do at least one of the following:

  1. Keep a minimum daily balance of $15,000 or more across your Chase accounts (checking, savings, and other balances), or,
  2. Have automatic payments to your qualifying linked Chase mortgage from your Chase account. Payments set up through Online Bill Pay do not qualify. Mortgages must be in good standing and be first mortgages with servicing retained by Chase.

Get a coupon emailed to you

This account has a bunch of other perks too – like no fee Chase design checks, no Chase fee on the first 4 non-Chase ATM transactions each statement period, no annual rent for a small safe deposit box, and more.

All bonuses are reported as bank interest on a Form 1099-INT.

How to Get a Promotional Coupons

To get these deals, you need go to the website and request a “coupon.”

The bonus terms and conditions are below but to get access to the offer, you'll need to go to the Chase website and request a “coupon.” (this link is to the $350 for Total Checking and Savings accounts)

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 print out or on your phone, so they can enter in the coupon code. It's a long string of letters and numbers.

That's it – enjoy the free cash!