Dead: Chase $200 Cash Bonus for New Checking Account

Hmm, I'll jump on this right after someone assures me that Paypal direct deposit will work with this promotion.

In my experience, its been calendar year. 2 years ago I did the chase checking bonus in the fall, closed account after the specified time. Then did the checking bonus again at the beginning of next year.

The terms specifically say: "Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government."

Quote from idrive300 :Chase banker here. Hope this helps:

--You do not have to be a US citizen to get this offer.
--Chase QuickPay from another Chase customer DOES NOT count as a direct deposit.
--Paypal and Amazon transfers do. ANY ACH deposit to your account totaling $500 or more for the statement period will satisfy the DD requirement.
--Chase loan balances (ie; car loan, mortgage, credit card, HELOC, ect...) DO NOT count towards the $5000 balance requirement. They DID in the past, but no longer.
--The application process (both online and at the branch) uses your SSN to see if you are a current customer, and if you are a former customer it will verify the date of when you closed your last account. If it has been less that 90 days then you are NOT eligible for this offer.
--Chase Freedom card holders who maintain an active Chase checking account get an extra 10% Ultimare Reward Points when making purchases, PLUS an additional 10 points per swipe. So, 2 purchases for $300 each = 600 points + 60 points + 20 points = 680 points.
--You must keep your account open for 6 months to avoid having Chase ask for the money back.
--Your first statement is free of monthly service charges.

Remember, even if you already have a Chase checking account, the system reads the SSN to see if you qualify for the bonus, MEANING: If you are a joint account holder (say, you and your wife) and YOU are the primary account owner (meaning that your name shows FIRST on the statement) the your wife is eligible for the bonus offer. EVEN THOUGH she is technically a current Chase checking customer, she is NOT the primary account owner and therefore she would be eligible.

Example: John and Mary have joint checking and a savings accounts at Chase. John's name is first on their statements. They take this bonus offer into Chase and open a new checking account, placing Mary as the primary and John as the joint owner. Just make the $100 deposit and set up direct deposit. $200 for you. They can close their original account if they choose to do so, it will not affect their new account bonus. They still have a saving account with John listed as the primary owner.

Let me know if you have any questions.





Wow, thanks for the detailed post.

Can you clear up something for me? With the $1500 daily balance requirement, do they take an average over 30 days, or must we have $1500 per day?

Quote from idrive300 :Chase banker here. Hope this helps:

--You do not have to be a US citizen to get this offer.
--Chase QuickPay from another Chase customer DOES NOT count as a direct deposit.
--Paypal and Amazon transfers do. ANY ACH deposit to your account totaling $500 or more for the statement period will satisfy the DD requirement.
--Chase loan balances (ie; car loan, mortgage, credit card, HELOC, ect...) DO NOT count towards the $5000 balance requirement. They DID in the past, but no longer.
--The application process (both online and at the branch) uses your SSN to see if you are a current customer, and if you are a former customer it will verify the date of when you closed your last account. If it has been less that 90 days then you are NOT eligible for this offer.
--Chase Freedom card holders who maintain an active Chase checking account get an extra 10% Ultimare Reward Points when making purchases, PLUS an additional 10 points per swipe. So, 2 purchases for $300 each = 600 points + 60 points + 20 points = 680 points.
--You must keep your account open for 6 months to avoid having Chase ask for the money back.
--Your first statement is free of monthly service charges.

Remember, even if you already have a Chase checking account, the system reads the SSN to see if you qualify for the bonus, MEANING: If you are a joint account holder (say, you and your wife) and YOU are the primary account owner (meaning that your name shows FIRST on the statement) the your wife is eligible for the bonus offer. EVEN THOUGH she is technically a current Chase checking customer, she is NOT the primary account owner and therefore she would be eligible.

Example: John and Mary have joint checking and a savings accounts at Chase. John's name is first on their statements. They take this bonus offer into Chase and open a new checking account, placing Mary as the primary and John as the joint owner. Just make the $100 deposit and set up direct deposit. $200 for you. They can close their original account if they choose to do so, it will not affect their new account bonus. They still have a saving account with John listed as the primary owner.

Let me know if you have any questions.





Hi, will Social Security benefits count as direct deposit?

Quote from idrive300 :--Paypal and Amazon transfers do. ANY ACH deposit to your account totaling $500 or more for the statement period will satisfy the DD requirement.





so bank to bank transfer are OK as ACH deposits (as long as its not a chase bank)?

Any chance CHASE will bump up the bonus to 200 from the 150 coupon I used a week ago? I just opened my account and havent set up direct deposit yet, so my 150 hasn't been realized yet.

Quote from idrive300 :Chase banker here. Hope this helps:

--You do not have to be a US citizen to get this offer.
--Chase QuickPay from another Chase customer DOES NOT count as a direct deposit.
--Paypal and Amazon transfers do. ANY ACH deposit to your account totaling $500 or more for the statement period will satisfy the DD requirement.
--Chase loan balances (ie; car loan, mortgage, credit card, HELOC, ect...) DO NOT count towards the $5000 balance requirement. They DID in the past, but no longer.
--The application process (both online and at the branch) uses your SSN to see if you are a current customer, and if you are a former customer it will verify the date of when you closed your last account. If it has been less that 90 days then you are NOT eligible for this offer.
--Chase Freedom card holders who maintain an active Chase checking account get an extra 10% Ultimare Reward Points when making purchases, PLUS an additional 10 points per swipe. So, 2 purchases for $300 each = 600 points + 60 points + 20 points = 680 points.
--You must keep your account open for 6 months to avoid having Chase ask for the money back.
--Your first statement is free of monthly service charges.

Remember, even if you already have a Chase checking account, the system reads the SSN to see if you qualify for the bonus, MEANING: If you are a joint account holder (say, you and your wife) and YOU are the primary account owner (meaning that your name shows FIRST on the statement) the your wife is eligible for the bonus offer. EVEN THOUGH she is technically a current Chase checking customer, she is NOT the primary account owner and therefore she would be eligible.

Example: John and Mary have joint checking and a savings accounts at Chase. John's name is first on their statements. They take this bonus offer into Chase and open a new checking account, placing Mary as the primary and John as the joint owner. Just make the $100 deposit and set up direct deposit. $200 for you. They can close their original account if they choose to do so, it will not affect their new account bonus. They still have a saving account with John listed as the primary owner.

Let me know if you have any questions.





Are you able to answer this question?
===========================
Is the "1 per year" rule on Chase checking bonuses based strictly on calendar year, or a year relative from when you got your last checking bonus?

It is per any rolling 12 month period. So you cannot get a checking account related bonus in december and another on next month in january. You CAN however get more than one bonue per year if it relates to another type of accout/product. ie, savings bonus, bill pay bonus, etc...