Chase Bank Promotions

Frequently Asked Questions

Chase frequently offers cash bonuses for new banking customers. You can open a new Chase account either in person at a branch or online.

How to Open a Chase Bank Account?

Here are the steps to opening a new account at Chase:

1. Fill out application
   On the application, you will need the following information:
   • Social Security number
     
   • Driver's license or state ID
     
   • Name, address, phone number and email
     
   • Date of birth (under 18 must have parent or guardian as co-owner)

   You may also need to show proof of address, such as a utility bill with your name and address. If you're applying online, you can upload the document or fax it in.

2. Sign paperwork
   You'll need to sign the final paperwork to activate the account. If you're applying online, you should be able to sign electronically.

3. Make opening deposit
   Depending on which account you're opening, there may be an opening deposit. You can fund your new account by electronic transfer from another bank account, wire, or check. If you're applying in person, you can bring in cash.

   After that, you're all ready to start using your new account. Just note that it may take a few days for the funds to become avaliable.

How Long Does It Take to Get the Chase Bonus?

Here's when you can expect to receive your bonus for the different Chase bank account promotions:

• Premier Plus Checking - within 10 business days of making first direct deposit
  
• Sapphire Checking - within 45 business days of transferring the funds AND maintaining the balance for 90 days
  
• College Checking - within 10 business days of completing qualifying activities
  
• Private Client Checking - within 10 business days of transferring the funds AND maintaining the balance for 90 days
  
• Chase Savings - within 10 business days of depositing the funds AND maintaining the balance for 90 days
  
• You Invest - Bonus tier will be decided on Day 45 of account opening. Maintain the new funds for 90 days from day of funding and bonus will be deposited within 10 business days.

What To Know About Chase Checking Account Bonus?

Here are some details you need to know about Chase checking bonuses:

• Chase checking account bonus offer is not available to existing Chase customers, or those who have closed accounts within 90 days or closed with a negative balance.
  
• Direct deposit needs to be a paycheck, pension, or government benefits. Person-to-person deposits (such as Zelle) do not count.
  
• The bonus will be deducted if you close your new account within 6 months after opening.
  
• You can only receive one new Chase checking account bonus every 2 years.
  
• Bonuses are considered interest and need to be reported on IRS Form 1099-INT.

How Do I Switch to Chase Bank?

Thinking of switching to Chase as your primary bank account? Opening an account may be simple, but there are some extra steps you need to do to make sure you completely switch over.

1. Contact your work's payroll department to change your direct deposits over to the new Chase account.

2. Once your first direct deposit goes through on the new Chase account, cancel all automatic payments and recurring transfers linked to your old account. This can include bills, subscriptions, investment contributions, student loan payments, etc. This is super important so you don't accidentally overdraw the old account.

3. Set up your recurring payments again on your new Chase account.

4. Make sure you leave enough money in your old account to cover any last bill payments.

5. Keep the old account open for a couple of bill cycles, just to make sure everything has been switched over. After that, you can transfer over any remaining funds and close that account.

What Other Banks Give Bonuses for Opening Accounts?

Member FDIC

HSBC Premier Checking - $450 Welcome Deposit

Get $450 Welcome Deposit

Expires 6/30/2021

• Get a $450 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete the following qualifying activities.
• Open your new HSBC Premier checking account online by June 30, 2021; and
• Make recurring monthly Qualifying Direct Deposits totaling at least $5,000 from a third party to your HSBC Premier checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening.
• You will automatically receive the $450 Welcome Deposit in your new HSBC Premier checking account approximately eight weeks after completing all qualifying activities. It's that simple.
• Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.

Member FDIC

HSBC Premier Checking - Up to $600 Cash Bonus

Get up to $600 Cash Bonus

Expires 6/30/2021

• Get up to $600 with a 3% Cash Bonus Checking Offer when you open a new HSBC Premier checking account and complete the following qualifying activities.
• Open your new HSBC Premier checking account online by June 30, 2021; and
• Set up Qualifying Direct Deposits into your new HSBC Premier checking account; and then
• Enjoy 3% Cash Bonus, up to $600, on Qualifying Direct Deposits up to $100 per month, during the first 6 calendar months after account opening
• You will automatically receive the 3% Cash Bonus in your new HSBC Premier checking account approximately eight weeks after completing that month's qualifying activities.
• Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.

Member FDIC

High Yield Savings and Essential Checking - $100 Bonus

Get Deal

For a limited time, get a $100 bonus1 when you open a High Yield Savings account and Essential Checking account when you use promo code GET100.

Member FDIC

Basic Business Checking Account - $100 Bonus

Get $100 Promo

Expires 6/30/2021

Use promo code EARN100 on your application. Restrictions apply.

Member FDIC

TD Beyond Checking - $300 Cash Bonus

Get Deal

• New customers who apply online for a TD Beyond Checking account can earn a $300 cash bonus after receiving direct deposits of $2,500 or more within 60 days. To qualify for this offer, you must be a U.S. resident and apply for the offer online. Offer is available in these states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
• Earn $300 when you receive direct deposits totaling $2,500 or more within 60 days
• Get more from your checking account. With TD Beyond Checking with Payback Plus, you'll earn interest and get reimbursed for non-TD ATM transactions, Rush Bill Payments and more.
• Monthly maintenance fee waived when you receive monthly direct deposits of $5,000 or more, or maintain a minimum daily balance of $2,500, or a combined balance of $25,000 across eligible TD accounts.
• TD fees waived at any ATM and non-TD fees reimbursed when you keep at least a $2,500 daily balance
• Overdraft Payback - Get overdraft fees automatically reversed up to two times a year.
• Get your money where it needs to go —fast— with Rush Bill Payments, Send Money with Zelle®, incoming wires and a reimbursement for one outgoing wire (domestic or international) per statement cycle.
• TD checking accounts come with an instant-issue debit card. And, you can pay with confidence with Zero Liability protection and 24/7 fraud monitoring.
• Monthly maintenance fee waived on one TD Simple CheckingSM account and any Savings and Money Market accounts. Plus, get free standard check orders, money orders, official bank checks and stop payments.

Member FDIC

TD Convenience Checking℠ - $150 Cash Bonus

Get Deal

• New customers who apply online for a TD Convenience Checking℠ account can earn a $150 cash bonus after receiving direct deposits of $500 or more within 60 days. To qualify for this offer, you must be a U.S. resident and apply for the offer online. Offer is available in these states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
• Earn $150 when you receive direct deposits totaling $500 or more within 60 days
• Low minimimum daily balance of $100 waives the $15 monthly fee.
• Students and young adults ages 17 through 23 get additional perks like no minimum balance requirements and no monthly maintenance fee.
• Instantly replace a lost or worn debit card by visiting a TD Bank location near you
• Access accounts via Online Banking with Bill Pay, Online Statements and TD Bank Mobile Deposit, with 24/7 cash access at TD ATMs in the U.S. and Canada – plus 24/7 Live Customer Service
• Get a 0.25% discount on TD Bank Home Equity and Personal Loans

Pros & Cons of Banking With Chase

Pros:

• Nationwide presence: more than 4,700 bank physical branches and 16,000 ATMs
  
• Relatively low opening requirements
  
• Many checking options for all financial situations
  
• Free online bill pay, mobile deposits, and text banking
  
• 24/7 customer service with real reps
  
• Highly rated mobile app
  
• FDIC insured up to $250,000

Cons:

• Low interest rates on savings products
  
• Not located in all states
  
• Requirements to waive monthly fee
  
• High out of network ATM fees

How to Avoid the Chase Monthly Fees?

Like typical big banks, Chase Bank does have monthly fees for most of its accounts. You can waive service fees by doing the following:

• Chase Premier Checking: The $25 monthly fee is waived if you maintain an average beginning day balance of $15,000 OR have a Chase mortgage with auto-pay.
  
• Chase Sapphire Checking: The $25 monthly fee is waived if you maintain a combined beginning day balance of $75,000 or more in this account and linked qualifying Chase deposit and investment accounts.
  
• Chase College Checking: The $6 monthly fee is waived for up to 5 years for college students age 17-24 at account opening with proof of student status. After graduation, it can be waived if you make a direct deposit every month OR maintain an average ending day balance of $5,000 or more.

What to Open at Chase?

Here are the best Chase banking products to consider:

• Chase College Checking. Chase offers some of best options for students. It's a great way for young adults to get a head start on managing money.
  
• Chase 9-11 month CD. If you have at least $10,000 to deposit, Chase offers a very competitive rate on their short-term CD. You can earn a good return without tying up your money for too long.
  
• Chase credit cards. JPMorgan Chase is best known for their credit card lineup, offering huge welcome bonuses and strong reward programs. Loyal customers like the Chase Freedom Unlimited, Chase Sapphire Preferred card, and Chase Sapphire Reserve card. These personal cards usually offer a bonus after you spend enough on qualifying transactions within a specific number of months. A good banking relationship may win you some points when applying for a credit card.

What Experts Say

As part of our series on saving and investing, CreditDonkey assembled a panel of industry experts to answer readers' most pressing questions. Here's what they said:

Other Chase Coupons

From time to time, Chase offers increased bonuses for opening a new eligible bank account. The offers are usually as follows:

• Chase savings coupon:
  Open a new Chase Savings account, deposit a total of $15,000 or more in new money within 20 business days, and maintain the $15,000 balance for 90 days. Note that the deposit requirement for this offer is higher than the usual offer. Requires bank coupon.

• Chase business coupon:
  Sometimes, Chase offers an increased bonus when you open a Chase business checking account and complete the qualifying activities. This usually requires a bank coupon.

These offers can usually be seen on mailed coupons to certain areas. Keep your eye out for these offers in your mail if you want to wait for the larger bank bonus.

Chase Bank Bonus Amount Available

Chase coupon code give you money when you open a new account but there's a catch. How it works: open an account online or enter your email address to get a Chase coupon that you can redeem at a local Chase branch. Then complete the qualifying activities to get the bonus.

Find updated Chase coupons and bank offers for May 2021. See the latest sign-up bonuses, deals and more for Chase checking, savings and business accounts below.

Banking Alternatives to Chase