Chase $200 Bonus - Business Checking

**916** · 11-06-2009, 04:04 PM

So all you really need is $500 in the checking account? Do they care if you're a student?

**575rider** · 11-06-2009, 04:07 PM

What is the min. average monthly balance?

Macboat · 11-06-2009, 04:35 PM

Do you have to own a business or registered with state to be qualified to open a business account?

frank10b · 11-06-2009, 09:15 PM

Quote from 575rider

:

What is the min. average monthly balance?

unless u have biz acc 3.5K

sheisty · 11-06-2009, 10:07 PM

Quote from frank10b

:

unless u have biz acc 3.5K

How long do you have to keep the account open?

Important Information

FREE Checking means no monthly maintenance fee and includes up to 200 transactions per month on a Chase BusinessClassicSM Checking or Chase BusinessClassicSM Checking with Interest account. Other fees may apply. To qualify, business checking account must be linked to a Chase business credit card which balance must exceed $0 at least once during the current checking account statement cycle and the credit card must not be delinquent, closed, charged off, or revoked. All accounts are subject to approval. Linking for pricing purposes will not affect your statement and does not link accounts for overdraft protection. Overdraft protection must be requested by you.

1Zero Liability protection – Chase reimburses you for any unauthorized debit card transactions made at stores, ATMs, on the phone or online when reported promptly.

2Study conducted by Change Sciences Group, October 2007.

Deposit products are provided by JPMorgan Chase Bank, N.A. Member FDIC

Chase credit cards are issued by Chase Bank USA, N.A.and are subject to approval.

Fatlazyhomer · 11-06-2009, 11:26 PM

If i did the 100$ free checking thing a few months ago, can I do this too?

yybug · 11-06-2009, 11:30 PM

never mind. got it.

**AtomicLush** · 11-06-2009, 11:32 PM

It requires a business ID...and it specifies which ones when you click on the type of business you own.

**smartdeals** · 11-07-2009, 05:28 AM

will they report the $200 on 1099?

canhelp · 11-07-2009, 08:30 AM

1FREE Checking means no monthly service fee and includes up to 200 transactions per month on a Chase BusinessClassicSM Checking or Chase BusinessClassicSM Checking with Interest account. Other fees may apply. Requirements are either: (a) when 5 or more debit card purchases are posted to your checking account each statement period (withdrawals from the ATM or cash advance transactions do not apply); (b) linking the checking account to a Chase Business Credit Card which balance must exceed $0 at least once during the current checking account statement cycle and must not be delinquent, closed, charged off, or revoked; (c) linking the checking account to a Chase PremierSM or Chase Premier Platinum CheckingSM personal checking account; or (d) maintain a monthly average balance of $4,000 to $7,500 (depending on region) in the checking account. All accounts are subject to approval. Linking for pricing purposes will not affect your statement and does not link accounts for overdraft protection. Overdraft protection must be requested by you.

**Superorb** · 11-07-2009, 08:46 AM

So we only need to make 5 debit transactions per month, that's easy!

**Shellac** · 11-07-2009, 09:43 AM

Quote from AtomicLush

:

It requires a business ID...and it specifies which ones when you click on the type of business you own.

I opened a business account at a branch a few months ago and used an EIN but you can use an SSN as your ID as well. Just chose sole proprietorship as they type of business.

Quote from Fatlazyhomer

:

If i did the 100$ free checking thing a few months ago, can I do this too?

Yes. I've done the $125 for the checking, $200 for business checking, and $75 for the money market account.

Quote from smartdeals

:

will they report the $200 on 1099?

Yes, it will be reported as interest income.

ike2187 · 11-07-2009, 11:34 AM

How long does the account have to stay open for? Is it 6 months like the personal chase checking accounts? 5 Transactions a month wouldn't be bad. Also I remember last time Chase automatically takes the tax on your bonus money.

11-06-2009, 04:04 PM	#3
916 L6: The Gooder Expert Date Joined:Jan 2008 Posts:1,703 Reputation: 148	So all you really need is $500 in the checking account? Do they care if you're a student?
	Reply

11-06-2009, 04:07 PM	#4
575rider L8: Grand Teacher Date Joined:Nov 2008 Posts:3,041 Reputation: 1298	What is the min. average monthly balance?
	Reply

11-06-2009, 04:35 PM	#5
Macboat L1: Learner Date Joined:Dec 2007 Posts:20 Reputation: 10	Do you have to own a business or registered with state to be qualified to open a business account?
	Reply

11-06-2009, 11:26 PM	#8
Fatlazyhomer L2: Beginner Date Joined:Nov 2008 Posts:68 Reputation: 24	If i did the 100$ free checking thing a few months ago, can I do this too?
	Reply

11-06-2009, 11:30 PM	#9
yybug L2: Beginner Date Joined:Jun 2005 Posts:98 Reputation: 13	never mind. got it. Last edited by yybug; 11-06-2009 at 11:36 PM..
	Reply

11-06-2009, 03:45 PM
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11-06-2009, 11:32 PM	#10
AtomicLush L6: Expert Date Joined:Mar 2005 Posts:1,557 Reputation: 243	It requires a business ID...and it specifies which ones when you click on the type of business you own.
	Reply

11-07-2009, 05:28 AM	#11
smartdeals L6: Expert Date Joined:May 2005 Posts:1,166 Reputation: 100	will they report the $200 on 1099?
	Reply

11-07-2009, 08:30 AM	#12
canhelp L2: Beginner Date Joined:Oct 2007 Posts:63 Reputation: 22	1FREE Checking means no monthly service fee and includes up to 200 transactions per month on a Chase BusinessClassicSM Checking or Chase BusinessClassicSM Checking with Interest account. Other fees may apply. Requirements are either: (a) when 5 or more debit card purchases are posted to your checking account each statement period (withdrawals from the ATM or cash advance transactions do not apply); (b) linking the checking account to a Chase Business Credit Card which balance must exceed $0 at least once during the current checking account statement cycle and must not be delinquent, closed, charged off, or revoked; (c) linking the checking account to a Chase PremierSM or Chase Premier Platinum CheckingSM personal checking account; or (d) maintain a monthly average balance of $4,000 to $7,500 (depending on region) in the checking account. All accounts are subject to approval. Linking for pricing purposes will not affect your statement and does not link accounts for overdraft protection. Overdraft protection must be requested by you.
	Reply

11-07-2009, 08:46 AM	#13
Superorb L10: Grand Master Date Joined:Sep 2006 Location:NC Posts:10,263 Reputation: 1412	So we only need to make 5 debit transactions per month, that's easy! __________________ My computers are fighting cancer. Are yours?
	Reply

11-07-2009, 11:34 AM	#15
ike2187 L2: Beginner Date Joined:Nov 2007 Posts:55 Reputation: 13	How long does the account have to stay open for? Is it 6 months like the personal chase checking accounts? 5 Transactions a month wouldn't be bad. Also I remember last time Chase automatically takes the tax on your bonus money.
	Reply

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