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Edited January 14, 2023
at 10:28 PM
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Get $300 with a new checking account and another $200 with a new savings account with qualifying activities. Plus, get an extra $400 bonus when you open both accounts at the same time. TOTAL $900.
Checking offer is not available to existing Chase checking customers. Savings offer is not available to existing Chase savings customers. Both offers are not available to those whose accounts have been closed within 90 days or closed with a negative balance within the last 3 years. You can receive only one new checking and one new savings account opening related bonus every two years from the last coupon enrollment date and only one bonus per account. Coupon is good for one-time use.
To receive the 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 coupon enrollment. 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 Zelle®) are not considered a direct deposit. Micro-deposits do not qualify as a direct deposit for the bonus. Micro-deposits are small deposits, typically less than $1, that are sent to your account to verify it is the correct account. After you have completed all the above checking requirements, we'll deposit the bonus in your new account within 15 days.
To receive the 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 30 days of coupon enrollment;
AND 3) Maintain at least a $15,000 balance for 90 days from the coupon enrollment. 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 15 days.
To receive the extra 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 account within 15 days.
To receive any of the above bonuses, the enrolled account must not be closed or restricted at the time of payout. Bonuses are considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).
Open link in incognito if it doesn't work
https://account.chase.com/consume...ng/QK72296
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If you close either account within 6 months of account opening, you will forfeit the bonus.
$900 / $15,500 = 0.058
0.058 * 4 quarters = 23%
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you guys are all inflating the numbers to make this sound better than it is.
call it what it is.... 6% return, because it only lasts 90 days, and you get $900 max on $15000.
no extrapolating out to a year.
this is fuzzy math.
Only the checking account needs a direct deposit, right?
1) have had an account with them in the past 90 days AND
2) offer expires on 04/19
what's the fastest way to zero out my current checking account and close it? I know getting cash out of the ATM is one option but I'd rather not deal with that
transferring funds to another one of my bank accounts will take 3 business days
$15,000 x 0.36% = $450 a month for two months giving you $900 total.
Good luck finding that elsewhere.
2) Deposit a total of $15,000 or more in new money into the new savings account within 30 days of coupon enrollment;
AND 3) Maintain at least a $15,000 balance for 90 days from the coupon enrollment. 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 15 days.
3 contradicts 2??? $15,000 balance for 90 days from the coupon enrollment but you have 30 days to get the 15K in there???
#3 sounds like you have to deposit it immediately. #2 sounds like you can wait to close to the 30th day and deposit it and then take it out on the 90th day from coupon enrollment?
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Quoting OP:
To receive the extra 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.
Also, you will get a 1099 from Chase for the year you do this transaction, for $900 in 1099-MISC INCOME, it's not enough to have to withhold or contribute extra during a year for almost everyone, but still make sure to be on the lookout for the 1099 for this from CHASE sometime in late Jan early Feb 2024, and report it on your 2023 taxes.
Depending on your employer you can split your DD to two different accounts, and I doubt Chase cares how much comes in via DD, they just want it DD setup. I'm not sure if it has to STAY DD for long, but it has to have been setup. I guess they are assuming you're going to keep it there, but the amount shouldn't be too relevant. Still, why not fund it with 50% of your paycheck for the checking DD requirement, and then just ACH/transfer the money to your OTHER bank account? It really takes no time and doesn't cost anything.
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Please choose "Continue" to complete your application with the coupon applied to your savings account only.