Not only is Chase Bank America’s largest bank by assets, but it also has thousands of locations and a presence in all but a couple of states. If you’re looking for a bank with a national footprint, Chase should be at or near the top of your list. If you’re considering Chase Bank for your personal or business banking needs, you can earn as much as $300 by switching over your personal checking account or up to $300 by opening a business checking account.
How Can You Earn a Chase Checking Account Bonus?
Chase and other banks know that offering a cash bonus is a compelling way to attract prospective customers, and they often make it easy to qualify for welcome offers.
Sign-up bonuses vary by bank and account type, but the offers typically require you to open an account and complete some sort of qualifying activity.
To score a Chase checking account bonus, the qualifying activity might include a combination of receiving direct deposits, holding a minimum balance in the account, using your debit card or paying bills from the account.
Here are the Chase new-account promotions currently available. Offer details are accurate as of April 22, 2024.
Chase Checking Account Bonuses
Here’s a look at Chase’s current bonus offers for checking accounts.
Earn $100
Earn $100
Chase College Checking℠
Offer
Earn $100*
Expiration
Expires July 24, 2024
Monthly Maintenance Fee
$12
Earn $100*
Expires July 24, 2024
$12
Chase College Checking℠ is a good option for students looking for fee-free checking. The account has no minimum deposit requirement and waives monthly service fees for up to five years for eligible college students who are 17 to 24 years old.
- What is the offer?Earn a $100 bonus when you open a Chase College Checking account and complete 10 qualifying transactions within 60 days of enrollment.
- What transactions qualify for the offer?Qualifying transactions include debit card purchases, Zelle payments, ACH credits, Chase Quick Deposits and online bill payments.
- When do you receive your bonus?The cash will appear in your account within 15 days after you complete the qualifying transactions.
- Is there a time limit on the offer?Yes. It expires July 24, 2024.
- Can you avoid the monthly service fee?There are no monthly service fee while in school up to the graduation date provided at account opening (five years maximum) for students 17-24 years old.
Earn $100
Chase Secure Banking℠
Annual Percentage Yield
N/A
Minimum Deposit Requirement
$0
Offer
Earn $100*
N/A
$0
Earn $100*
If you are concerned about monthly service fees or maintaining a minimum balance, Chase offers Chase Secure Banking℠. A Chase Secure Banking account carries a lower $4.95 monthly fee and requires no minimum deposit.
- What is the offer? Earn a $100 bonus when you open a Chase Secure Checking account with qualifying transactions
- What transactions qualify for the offer? Qualifying transactions include debit card purchases, Zelle®, ACH credits, Chase QuickDepositSM or online bill payments
- When do you receive your bonus? The cash will appear in your account within 15 days after you complete the qualifying transactions, Chase says.
- Is there a time limit on the offer? Yes. It expires July 24, 2024.
- Can you avoid the monthly service fee?Avoid the monthly service fee when you have electronic deposits made into the account totaling $250 or more during each monthly statement period.
Earn $300
Earn $300
Chase Total Checking®
Offer
Earn $300*
Expiration
Expires July 24, 2024
Monthly Maintenance Fee
$12
Earn $300*
Expires July 24, 2024
$12
Chase Total Checking® is Chase’s flagship consumer checking account product. It offers access to over 15,000 ATMs and more than 4,700 branch locations across the U.S., plus access to online banking and a highly rated mobile app. The account comes with a $12 monthly service fee.
- What is the offer? $300 bonus when you open a Chase Total Checking account and set up direct deposits totaling $500 or more within 90 days
- What is considered a direct deposit? You qualify if your account receives direct deposits of your paycheck, pension or a government benefit. Person-to-person payments like Venmo and Zelle are not considered direct deposits.
- When do you receive your bonus? Chase says you’ll get the money within 15 days after setting up direct deposit.
- Is there a time limit on the offer? Yes. It expires July 24, 2024.
- Can you avoid the monthly service fee? The $12 charge can be avoided if you do any one of the following:
- Post a total of $500 per month in direct deposits or other payments into the account, including to your debit card
- Keep a balance of $1,500 or more in the account at the beginning of each day
- Maintain an average daily balance of $5,000 or more across all of your qualifying Chase deposit accounts.
Earn up to $300
Chase Business Complete Banking®
Offer
Earn up to $300*
Expiration
Expires July 22, 2024
Monthly Maintenance Fee
$15
Earn up to $300*
Expires July 22, 2024
$15
For business owners, Chase offers Chase Business Complete Banking®. Entrepreneurs might choose Chase for its nationwide presence and its ATMs that can accept both large cash deposits and up to 30 checks at a time. A Chase Complete Business Checking account also provides access to Chase’s QuickAccept payment processing and same-day deposits. There’s a $15 monthly service fee.
- What is the offer? Earn up to $300 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
- What transactions qualify for the offer? You must complete five qualifying activities within 90 days of your enrollment. They can include debit card purchases, Chase QuickAccept deposits, Chase Quick Deposit ACH transfers, wire transfers (both incoming and outgoing) and Chase Online Bill Pay payments.
- When do you receive your bonus? The money will be deposited in your account within 15 business days after you meet the requirements.
- Is there a time limit on the offer? It expires July 22, 2024.
- Can you avoid the monthly service fee? The monthly charge will be waived if you do any of the following:
- Maintain at least a $2,000 minimum daily balance in your account
- Spend at least $2,000 on purchases with a Chase Ink business credit card
- Receive $2,000 in deposits from QuickAccept transactions or other eligible payment methods
- Link a Chase Private Client checking account
- Provide valid, qualifying proof of military status
Earn up to $500
Chase Checking Referrals
If you already bank through Chase, you can earn a bonus for referring your friends to open a qualifying Chase checking account. Plus, your friends can earn a bonus when they open an eligible Chase checking account and complete qualifying activities.
- What is the offer? Earn a $50 bonus for each friend who opens a qualifying Chase checking account, up to $500 per calendar year.
- What transactions qualify for the offer? Qualifying Chase checking accounts include Chase Total Checking®, Chase College Checking℠, Chase Premier Plus Checking℠, Chase Sapphire Banking, Chase Private Client Checking℠ and Chase Secure Banking℠.
- When do you receive your bonus? The cash will be deposited into your account within 30 days after the referred party opens an account.
- Is there a time limit on the offer? No. Chase’s Refer-A-Friend program is an ongoing offer.
- Can you avoid the monthly service fee? Rules regarding monthly service fees vary based on the qualifying account opened.
Earn up to $3000
Earn up to $3,000
Chase Private Client Checking℠
Offer
Earn up to $3,000
Expiration
Expires July 24 2024
Monthly Maintenance Fee
$35
Earn up to $3,000
Expires July 24 2024
$35
For more personalized banking, Chase offers Chase Private Client Checking℠ account. Designed for customers who keep higher account balances, the premium checking account comes with perks like a dedicated private client banker, no ATM fees worldwide and relationship banking benefits.
- What is the offer? Earn up to a $3,000 bonus when you open a new Chase Private Client Checking account and complete qualifying activities within 45 days of enrollment.
- What transactions qualify for the offer? Customers must transfer qualifying new money or securities to a combination of eligible checking, savings and/or J.P. Morgan Wealth Management non-retirement accounts. The bonus amount is determined by the amount of the deposited funds.
- When do you receive your bonus? The cash will appear in your account within 40 days after maintaining the balance of new money for 90 days from enrollment.
- Is there a time limit on the offer? Yes. It expires July 24, 2024
- Can you avoid the monthly service fee? You can avoid the monthly service fee by either keeping an average beginning day balance of $150,000 or more in any combination of this account and linked qualifying Chase checking, savings and other balances OR having a linked Chase Platinum Business Checking℠ account.
Chase Savings Account Bonuses
Here’s a look at Chase’s current bonus offers for savings accounts.
Chase Savings℠
For a simple savings account, Chase Savings℠ offers interest-earning with waivable monthly service fees, ATM access and automatic savings features.
- What is the offer? There is no active offer.
- What transactions qualify for the offer? N/A
- When do you receive your bonus? N/A
- Is there a time limit on the offer? N/A
- Can you avoid the monthly service fee? You can avoid paying a service fee if you do any of the following:
- Maintain a $300 balance or more at the beginning of each day
- Have $25 or more in Autosave or other recurring automatic transfers from a Chase personal checking account
- You’re younger than 18 years old
- Have a linked checking account from select Chase bank accounts
Pros and Cons of Chase Bank Promotions
Pros
- Available for personal and business accounts
- Both transaction-based and deposit-based cash bonuses are available
- Many bonuses require low direct deposit amounts of a low number of transactions to qualify
- Bonuses post to your account within 15 or 30 days of completing bonus requirements
- Referral bonuses for inviting friends to join Chase
Cons
- Savings account bonuses can be harder to find
- Eligibility often restricted to new customers
- Bonus earnings may be taxable
Are These Chase Bank Bonuses a Good Deal?
Chase regularly offers welcome bonuses to new consumer and business checking customers, and the promotions are generally competitive with those dangled by other large, national banks. Switching your banking relationship to Chase can mean an easy few hundred dollars in your pocket.
But before you open an account, consider what you’ll need to do to avoid a monthly maintenance fee. An account that qualifies for a bonus can be a great deal, but only if you tend to carry a moderate-sized balance in your checking account or will earn a fee waiver from other qualifying activities.
If your banking patterns mean you’re likely to be stuck paying monthly fees, take a look through today’s best checking accounts to see if there is another bank option that would be more affordable for you.
How Do I Get My Chase Bonus?
If you earn a bonus with Chase promotions, the bonus is credited to your Chase account automatically. There’s nothing you need to do other than meet any requirements needed to earn the bonus. If your bonus doesn’t arrive in the time frame you expect it to, you can contact Chase customer support by phone or visit a branch for help.
How Often Can You Get a Chase Bonus?
Chase Bank promotions for new accounts have restrictions regarding how often you can claim them. Generally, if you opened a Chase checking account at any time within the two years prior to applying for a new Chase Bank bonus offer, you won’t qualify.
What Else Should You Know About Chase Banking Promotions?
You Can’t Churn Through the Offers
If you previously opened a checking account and received a welcome bonus within the past two years, you are ineligible to receive another bonus. Also, the promotional offers are meant for new customers. If you are an existing customer, you can’t simply close your account and open a new one and receive a bonus. If you have closed a Chase checking account within the last 90 days, or closed an account with a negative balance within the last three years, you are ineligible for a welcome bonus.
You Can Receive Both a Personal and a Business Welcome Bonus
If you are a small business owner, you can receive a welcome bonus for opening a business checking account even if you have an existing personal banking relationship with Chase.
You Must Keep the Account Open for a Time
Naturally, Chase wants to attract customers who plan to keep and use their accounts after they receive a welcome bonus. In most cases, you must keep your account open for at least six months after you enroll in the promotion in order to hold on to your sign-up bonus. If you close your account within six months, Chase will deduct the account bonus amount from your account at closing.
Your Bonus May Be Taxable
When you collect a welcome bonus for opening a new bank account, you can expect to receive a 1099-INT tax form detailing the promotional amount. This is because the welcome bonus is considered interest income for tax purposes and must be reported to the IRS.
Are Chase Bank Promotions Worth It?
Chase Bank promotions are worth it if you’re looking for a full-service bank with a range of checking and savings products. Its checking account bonuses are competitive with many nationwide and online-only banks. Furthermore, most bonus requirements are easy to accomplish and either require making a certain number of transactions or setting up direct deposits totaling a specific amount.
One downside of Chase’s bonuses is they’re largely reserved for new customers, which makes earning multiple bonuses challenging. Customers must also keep new accounts open for at least six months to avoid having the bonus amount deducted at closing, Additionally, many of these accounts charge monthly fees, although there are ways to have them waived. For this reason, Chase promotions are only worth it if you’re interested in the account and not just the bonus.
Compare Chase Bank Promotions With Other Banks
Chase offers several valuable bank bonuses for qualified customers. Depending on your banking needs and preferred bank, the following bank bonus offers may appeal to you more.
Bank of America Bonuses: Open a new Bank of America Advantage Banking personal checking account online, using offer code TWA200CIS. Then, set up and receive qualifying direct deposits totaling $2,000 or more into the account within 90 days of account opening to receive a $200 bonus on the Bank of America Advantage SafeBalance Banking®.
SoFi Bank Bonuses: With SoFi Checking and Savings Account¹, you can earn$50 bonus when you receive $1,000 to $4,999.99 in qualifying direct deposits or a $300 bonus when you receive at least $5,000 in qualifying direct deposits during the bonus period.
TD Bank Bonuses: With the TD Simple Savings, you can earn a $200 when you open a TD Simple Savings account, deposit $10,000 or more in new money within 20 calendar days, and maintain a balance of at least $10,000 for 90 days from the date of your deposit.
Find The Best Bank Bonuses and Promotions Of 2024
¹SoFi members with Direct Deposit or $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 4.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either Direct Deposit or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 10/24/2023. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
Frequently Asked Questions (FAQs)
How does the Chase $300 bonus work?
The $300 bonus offer simply requires you to open an eligible new Chase checking account and set up qualifying direct deposits within 90 days. No Chase promotion code is needed to activate or claim the $300 bonus offer. You do, however, have to be a new customer to get the bonus. Chase Bank promotions for existing customers may be limited to referral credits or credit card bonus offers.
How long does it take for Chase to deposit the bonus?
Generally, Chase bonus offers are credited to your account within 15 days of meeting the offer requirements.
How do you get a Chase bonus without direct deposit?
Chase has several bonuses that require making a certain number of qualifying transactions—not direct deposits—to claim the bonus. Students can claim the $100 Chase College Checking bonus by completing 10 qualifying transactions within 60 days of enrollment. Similarly, the $100 Chase Secure Banking bonus just requires completing 10 qualifying transactions within 60 days.
Qualifying transactions generally include debit card purchases, Zelle transfers, ACH credits, online bill payments and Chase QuickDeposit transactions. Always read bank promotion terms carefully so you know which transactions qualify.
How many Chase checking accounts can I have?
Chase doesn’t limit how many checking accounts you can have. Having multiple checking accounts can be a useful way to keep certain transactions and deposits separate. However, consistently meeting minimum account balance requirements to avoid monthly fees can be more challenging when you have several checking accounts.
