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Upgrade to Chase Private Client get $2000 --- $250k currently required $150k balance req YMMV

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https://account.chase.com/consume...vateclient

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Total required is $150k in all accounts (IRA, Brokerage, Checking, CDs, Trusts, etc)

Keep accounts for 90 days, get $2000.


Updating to $150k new money (not $250k) as YMMV until terms are updated, verify with your local banker.
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Created 09-28-2020 at 09:48 AM by Phaenon
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Joined Aug 2015
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#2
Quote :
Bonus Account Information: To receive the $2,000 bonus: 1) Meet with a Private Client Banker to upgrade to Chase Private Client CheckingSM account 2) Within 45 calendar days, transfer a total of $250,000 or more in qualifying new money or securities to a combination of only eligible accounts:
- Eligible Accounts: qualifying Chase personal checking and savings accounts, as well as J.P. Morgan investment accounts (opened in a Chase branch and serviced by a J.P. Morgan Private Client Advisor or Financial Advisor).
- Ineligible Accounts: Chase business checking and savings accounts, any You InvestSM accounts, any J.P. Morgan retirement accounts (such as Traditional and Roth IRAs, Keoghs, SEP and SIMPLE IRAs, and 401(k) plans); CDs; insurance products; fixed and variable annuities; J.P.Morgan Fund Accounts; 529 College Savings Plans; attorney trust accounts; client fund trust accounts; as well as Government or Non-Profit accounts.
The qualifying new money cannot be existing deposits, funds or securities held by you at Chase or its affiliates. AND 3) Maintain at least a $250,000 balance for at least 90 days from the date of funding (gains and losses to qualifying investment balances from trading or market fluctuation will not be counted for purposes of meeting the balance requirements). After you have completed all the above requirements, we will deposit the bonus in your new account within 30 business days. To receive this bonus, enrolled checking account must be open and in good standing at the time of payout. The Annual Percentage Yield (APY), for Chase Private Client Checking effective as of 09/11/2020 is 0,01% for all balances in all states. Interest rates are variable and subject to change. Additionally, fees may reduce earnings on the account. You can only participate in one Chase Private Client CheckingSM, Chase SapphireSM Checking or You InvestSM new money bonus in a 12 month period from the last bonus enrollment date. Coupon is good for one time use and only one bonus per account. Bonuses are considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable). Product terms subject to change. For more information on other checking accounts, please see a banker or visit chase.com/checking.
I'm seeing $250k and has to be new money.
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#3
oh just 150k balance? chump change 🤨
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Joined Dec 2008
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#4
Within 45 calendar days, transfer a total of $250,000 or more, wish i have this much money. If I had, I wouldn't care about $2K
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#5
Quote from GSDragoon
:
I'm seeing $250k and has to be new money.
Correct. $250k to qualify for $2k bonus. $150k to avoid fees. Otherwise a $35 Monthly Service Fee will apply.
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#6
Quote from GSDragoon
:
I'm seeing $250k and has to be new money.
verified with the banker, the terms are being updated if you click "changes coming nov 8" everything is moving to 150k
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#7
Quote from TightPantsGent
:
Correct. $250k to qualify for $2k bonus. $150k to avoid fees. Otherwise a $35 Monthly Service Fee will apply.
your local banker can verify. my banker said not to worry they are dropping minimums to 150k to private client and all promos are being updated to 150k.
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#8
Quote from bigal24
:
Within 45 calendar days, transfer a total of $250,000 or more, wish i have this much money. If I had, I wouldn't care about $2K
Yes you would care about $2000. Maybe you wouldn't care about moving your money to chase for $2000. Believe me when I say that with just $250k, you wouldn't think of $2000 as nothing.
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Joined Nov 2014
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#9
Have your Jeeves telegraph my Jeeves the details!
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#10
If you have a spare new 250k to move to Chase for $2000, you'll likely end up with $1000 after tax. Yes Chase will send you the 1099.
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Joined Jan 2011
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#11
In terms of risk free percentage.. its not "too bad" actually given current rates. Its $150k for 90 days commitment
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Joined Feb 2007
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#12
Another too big to fail bank that's still buried in derivatives and bad loans offering $2000 to park your $250k in a zero interest account. This sounds like a suckers bet to me.
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Joined Dec 2005
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#13
Do I have to physically go to meet a banker? Is there any way to do it without meeting them?
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#14
IRA is included. So, if you leave a job, and need to park your 401k somewhere, you can roll into an IRA, next job, you can keep it there, or roll into the new job's 401k so you can keep track of it all.
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Joined Aug 2010
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#15
Yeah. This isn't worth it. I have money parked in YouInvest with the Sapphire Banking and it is similar. The services are trash relative to other brokerages, or interest rates ... I mean you get free wires, zero international ATM and FT fees ... but the overall value isn't there relative to the opportunity cost of parking a large sum. I planned on keeping them to make international traveling more convenient.

I plan on moving my money at some point when I want to cash out my position and then closing the accounts.

Assuming you have $250K you should expect some real value. Decent trading tools. Access to different assets. Something. But you get a few fee waivers worth nominally a hundred bucks at most a year.
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