I'm not sure if this was targeted or not. It was an offer under my Marriott Chase credit card account. You get $900 cash back when you open a checking and savings account through the link. Sure the interest rates are crap...but once you get your $900 after 3 months, you can close accounts and move elsewhere. Seems like a killer deal...unless I'm missing something?
https://accounts.chase.com/consum...px=PT22272
"To receive the $300 checking bonus: 1) Open a new Chase Total Checking account, which is subject to approval; AND 2) Have your direct deposit made to this account within 90 days of account opening. 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. Person to Person payments (such as Chase Quickpay® with Zelle®) are not considered a direct deposit. After you have completed all the above checking requirements, we'll deposit the bonus in your new account within 10 business days. To receive the $200 savings bonus: 1) Open a new Chase SavingsSM account, which is subject to approval; 2) Deposit a total of $15,000 or more in new money into the new savings account within 20 business days of account opening; AND 3) Maintain at least a $15,000 balance for 90 days from the date of deposit. The new money cannot be funds held by you at Chase or its affiliates. After you have completed all the above savings requirements, we'll deposit the bonus in your new account within 10 business days. To receive the extra $400 bonus: You must open the checking and savings account at the same time and complete all requirements above for BOTH the checking bonus and savings bonus. After you have completed all requirements, we will deposit the remaining bonus due in your new checking account within 10 business days."
Setup a direct deposit of $500 a month or have a balance of over $1500 to avoid fees on checking. And maintain balance of over $300 on savings to avoid fees.
735 Comments
Your comment cannot be blank.
Sign up for a Slickdeals account to remove this ad.
Fidelity worked last time I did a similar offer, but more recent reports are that Chase is getting stricter on what qualifies as DD.
Sign up for a Slickdeals account to remove this ad.
"Checking offer is not available to existing Chase checking customers, those with fiduciary accounts, or those whose accounts have been closed within 90 days or closed with a negative balance. You can receive only one new checking and one savings account opening related bonus every two years."
However, the printed offer ($600) I received in the mail doesn't have this 2 yr limitation.
I think most issues have been with ACH pull from chase account. If you do ACH push from the external amount has always worked for me.
Even if the $15k has to sit in the savings for 6 months before closing the account....you would still be out way ahead of the ~$150 it would earn in 6 months in a 2% high yield interest account. You would net $900 - $150 in lost interest, so $750 if my math serves me right.
Even if the $15k has to sit in the savings for 6 months before closing the account....you would still be out way ahead of the ~$150 it would earn in 6 months in a 2% high yield interest account. You would net $900 - $150 in lost interest, so $750 if my math serves me right.
Yes a transfer of funds from wells Fargo to chase. Just make sure to initiate it from Wells Fargo. It's a great bonus even with the 15k deposit.
Sign up for a Slickdeals account to remove this ad.