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Chase Bank Account Bonus
Old 06-21-2016, 12:28 PM   #1
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Chase Bank Account Bonus

So my DW took advantage of one of their bonuses not too long ago and it netted us a cool $300 bucks. Now, I got a new coupon to open a Premier Checking. Fine print:

Min balance (to avoid $25/mo fee): 15,000
Must have either 1) direct deposit of some sort or 2) Chase mortgage (first lien position only).

After 1st direct deposit is received, $400 bonus deposited to the account (this is the largest offer I have seen for a single checking account at Chase) within 10 days. Must keep account open for 6 months. So...even if you didn't maintain the min balance, then you would net $250 for parking $25 in a account for 6 months. Pretty good deal!

They will send a 1099.

I haven't seen any of the codes pop up online yet, but I would guess they will be out there pretty soon.

OK...gotta go to Chase and open an account.
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Old 06-21-2016, 07:26 PM   #2
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I opened the $15k savings account for $200. Opted not to do the checking account since they required direct deposit. I don't want to futz around with changing my direct deposit from Vanguard or my husband's upcoming pension. I think I have another 45 days until I can close out the savings account and collect my $200
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Old 06-21-2016, 09:18 PM   #3
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Quote:
Originally Posted by Dog View Post
I opened the $15k savings account for $200. Opted not to do the checking account since they required direct deposit. I don't want to futz around with changing my direct deposit from Vanguard or my husband's upcoming pension. I think I have another 45 days until I can close out the savings account and collect my $200
Ask if an ACH transfer from Vanguard will be considered a direct deposit, If so you can set up monthly transfers from VG for the minimum direct deposit amount Chase may require.
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Old 06-22-2016, 04:37 AM   #4
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I think that these days, at least in my area, opening the Chase savings account for a several hundred dollar bonus and no real activity requirements nor significant minimum balance is the sweet spot with this bank.

I had also done the checking account in the past but since then they have added additional requirements to their checking account promotions.

-gauss
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Old 06-22-2016, 05:09 AM   #5
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we not only opened the savings account and got a few hundred bucks but they up graded our chase credit card from our older one and we got 20,000 points for doing so .
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Old 06-22-2016, 09:47 AM   #6
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I took advantage of a $150 bonus offer a couple years ago. No direct deposit required. I transferred $15,000 into a saving account from Fidelity. When it was all said and done, with having to make a couple trips to the branch, enduring calls from their "wealth advisor" and paying my higher bracket taxes on the $150, I am not sure it was all worth it.
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Old 06-22-2016, 12:18 PM   #7
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Quote:
Originally Posted by COcheesehead View Post
I took advantage of a $150 bonus offer a couple years ago. No direct deposit required. I transferred $15,000 into a saving account from Fidelity. When it was all said and done, with having to make a couple trips to the branch, enduring calls from their "wealth advisor" and paying my higher bracket taxes on the $150, I am not sure it was all worth it.
The DW didn't get any calls from them.

Incidentally, does anyone know if they pull credit to open an account? I need to know since my reports are frozen...I would hate to have to make two trips!
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Old 06-22-2016, 12:31 PM   #8
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The DW didn't get any calls from them.

Incidentally, does anyone know if they pull credit to open an account? I need to know since my reports are frozen...I would hate to have to make two trips!
I would assume that they do. I opened up accounts with them a few years back for the bonus via the Internet. Not to soon thereafter I received notification that Chase has unilaterally dedicated to close my account. It was kind of scary. I went into a branch office and the manager tried to get the account reopened. In the end she was successful. I believe that the people in the back office on the other side of the phone told the lady that they couldn't find out anything about me. She informed them that I have had credit cards issued by them for years.

It took a few hours but eventually I got what I wanted (the bonus and convinced that I was still allowed to participate in the banking system).

-gauss
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Old 06-22-2016, 01:44 PM   #9
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not one call from chase , ever
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Old 06-22-2016, 03:57 PM   #10
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I made use of that $300 checking account deal last year. Only needed direct deposit and keep $1500 minimum balance. Chase has always had a lot of branches near me but they've even added to that number in the last decade. They have nine stand-alone branches within a three mile radius of my home! I thought the trend was away from full service branches. Oh well, it works for me. Our HOA has their account with Chase and I'm the treasurer. I like their online banking. Nice to have access to deposit images as well as checks written. Only one sign-in gives me access to the HOA as well as my own account. All the branches near me have drive-though tellers, a big plus IMHO and a major drawback to the credit union I also use.
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