Chase Bank is the largest bank in the country, by both assets and branches, with over 4,800 locations nationwide. That’s why a lot of people prefer banking with Chase—no matter where you go, there’s a good chance there’s a branch location nearby. Chase has a reputation as being a very fee-heavy bank, and that’s true. But if you’re careful, there are plenty of ways to come out ahead with one of the many generous Chase Bank promotions. Chase Bank Promotions: May 2024 Chase Bank Promotions: May 2024 Compare Promos Alternatives FAQs The Bottom Line How to Get the Bonus Bonus Restrictions and Account Fees How to Get the Bonus Bonus Restrictions and Account Fees If all you want is the Chase Total Checking® account, this is a better bonus to select. Even if you don’t want the matching savings account, the bonus amount is $100 higher. How to Get the Bonus Bonus Restrictions and Account Fees You can use second-chance checking accounts much like how you use a secured credit card to build better credit. After a time with this account, you may be able to qualify for a better checking account elsewhere. How to Get the Bonus Bonus Restrictions and Account Fees How to Get the Bonus Bonus Restrictions and Account Fees Thanks to the Federal Reserve, deposit account interest rates haven't been this high since 2001. That's because the Fed has raised the federal funds rate to its highest level in 22 years to help combat inflation. The rates on savings, money market, and CD accounts are directly influenced by the federal funds rate—when it rises, so do bank deposit rates. And with the Fed leaving the door open to more rate hikes in the future, deposit account rates could climb even higher. Pros Easy way to earn a cash bonus Can receive bonuses for both personal and business accounts Cons Must be a new customer Will need to have qualifying activity or meet other requirements Cash bonus is taxable Most bank promotions aren’t around forever—you’ll have to open your account before the offer expires to qualify for the deal. Yes, Chase Bank promotions are often very good. However, the actual Chase bank accounts you’ll be signing up for may not be worth keeping for very long. They offer very low rates and come with high fees, so we suggest looking elsewhere for your long-term banking needs. Overdraft fees could wipe out the bonus you’ll earn for the Chase College Checking account in just one day, for example. Yes, Chase Bank promotions are considered taxable income. At the end of the year, Chase Bank will send you an IRS Form 1099-INT so you can report the bonus you earned and pay your taxes on it. It’s a good idea to hold some money from your bonus back to pay the taxes. Chase Bank promotions are not very well advertised on its website. In order to find them, we suggest following the links provided in this article. Each page offers an option to sign up, and we suggest using that specific link in order to ensure you’re receiving the correct Chase Bank promotion offer. Yes, but you’ll need to be careful about it. Most Chase Bank promotions are limited to people who don’t already have the same type of account open. For example, if you’re applying for the Chase Total Checking bonus, you won’t be eligible if you have any other Chase checking accounts open—but if all you have is a Chase savings account, for example, you’re still eligible for the bonus. Chase Bank offers various promotions to qualifying customers. As of October 2023, Chase is offering cash-back bonuses on its Total Checking, Secure Banking, Business Complete Checking, and College Checking. You typically need to be a new customer of that account type (checking, savings, etc.) to qualify for a Chase bank bonus, and then you must meet any other requirements. Those requirements may be getting a certain amount in direct deposits, maintaining a minimum balance in your account, or making a certain number of transactions. If you qualify for the bonus, Chase will deposit the cash into your account, usually within 15 days of meeting requirements. If you don't receive your cash bonus, contact Chase’s customer service for assistance. You may be eligible for a Chase Bank new account bonus if you don't currently have this account type (checking, savings, etc.) with Chase, haven't closed it within 90 days or three years with a negative balance, and haven't received a welcome bonus for this account type within two years. Each promotion has its own eligibility requirements, so check the specific offer you’re interested in to see what criteria you need to meet. And after those basic eligibility requirements, you usually need to perform certain actions (direct deposits, maintaining a balance, etc.) to earn the bonus. Chase offers opportunities for bonuses ranging from $100 to $300 for various checking accounts, each with different requirements to earn the bonus. The Chase Business Complete Checking account offers the highest bonus. Chase Total Checking offers a $200 bonus, and two more basic checking accounts—one specifically for college students—offer $100 bonuses. Earning the bonuses requires some volume of monthly transactions, direct deposits, or both, depending on the account. The earnings are taxable the same way any interest income is taxable. Article Sources Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. Federal Reserve. "Large Commercial Banks." Federal Reserve System. "Open Market Operations." Chase. "Enjoy $200." Chase Bank. "Deposit Account Agreement." Internal Revenue Service. "Topic No. 403, Interest Received." Chase. "Enjoy $200." Related Terms What Is a Checking Account? Here's Everything You Need To Know A checking account is an account held at a financial institution that allows deposits and withdrawals. Learn how checking accounts work and how to get one. more What Is a High-Yield Checking Account? A high-yield checking account provides interest at an above-average rate, in some cases above 5% or 6% APY. But these accounts usually come with stringent requirements. more What Is Online Banking? Definition and How It Works Online banking allows a user to conduct financial transactions via the Internet. Online banking is also known as Internet banking or web banking. more How Do Commercial Banks Work, and Why Do They Matter? A commercial bank is a financial institution that accepts deposits, offers checking and savings account services, and makes loans. more Emergency Loan: Types, Eligibility, Pros and Cons Emergency loans are a type of personal loan that provides fast access to cash. Learn how emergency loans work and about their pros and cons. more Convenience Fee: Definition, Examples, and How to Avoid Them A convenience fee is charged when a consumer pays with an electronic payment card rather than by cash, check, or Automated Clearing House (ACH) transfer. moreChase Bank Promotions: May 2024
Chase : Total Checking® – $300
Chase : Total Checking + Savings – $900
Chase : Secure Banking – $100
Chase : College Checking – $100
Chase : Business Complete Checking® – $300
Compare Chase Bank Promotions
Account Bonus Amount Promotion Expiry Qualifications Chase Total Checking® $300 July 24, 2024 Direct deposit Chase Total Checking + Savings $900 July 24, 2024 Deposit, direct deposit Chase Secure Banking $100 July 24, 2024 Transactions Chase College Checking $100 July 24, 2024 Transactions Chase Business Complete Checking® $300 July 22, 2024 Deposit, maintain balance, transactions In the News
Pros and Cons of Chase Bank Promotions
Pros Explained
Cons Explained
Alternatives to Chase Bank Promotions
Frequently Asked Questions
Are Chase Bank Promotions a Good Deal?
Are Chase Bank Promotions Taxed?
How Do You Find Chase Bank Promotions?
Can You Use Multiple Chase Bank Promotions?
Does Chase Bank Have Any Promotions?
How Do I Claim My Chase Bonus?
Am I Eligible for a Chase Promotion?
The Bottom Line
FAQs
What is the Chase Bank bonus for 2024? ›
Account | Bonus Amount | Promotion Expiry |
---|---|---|
Chase Total Checking® | $300 | July 24, 2024 |
Chase Total Checking + Savings | $900 | July 24, 2024 |
Chase Secure Banking | $100 | July 24, 2024 |
Chase College Checking | $100 | July 24, 2024 |
Chase Total Checking® + Chase Savings℠: $900 bonus
If you open both a Chase Total Checking account and a Chase Savings account, you can earn a $900 bonus. That's the $300 bonus for a new checking account and the $200 bonus for a savings account, plus $400 extra.
These are the bonus tiers: Earn $1,000 when you deposit $150,000 to $249,999.99. Earn $2,000 when you deposit $250,000 to $499,999.99. Earn $3,000 when you deposit at least $500,000.
How do I get the $600 bonus from Chase Bank? ›For the Chase Total Checking® account, you'll get your bonus within 15 days of completing a qualifying direct deposit, which must be made within 90 days of opening the account. For the Chase Private Client Checking Checking℠ account, you'll get your bonus within 40 days of completing all requirements.
What is the bonus for JP Morgan in 2024? ›J.P. Morgan Self-Directed Investing 2024: Up to $700 Bonus.
Is the Chase $900 bonus legit? ›For the $900 bonus, you need to open both the checking and savings accounts at the same time and meet all the requirements for each. Do that, and the full bonus amount will be yours, deposited within 15 days. Remember, these bonuses are treated as interest, and thus, they will be disclosed on the IRS Form 1099-INT.
Does Chase have any promotional offers? ›Enjoy $300
as a new Chase checking customer, when you open a Chase Total Checking® account1 and make direct deposits totaling $500 or more within 90 days of coupon enrollment. Account subject to approval. JPMorgan Chase Bank, N.A. Member FDIC.
The $900 introductory offer equals 90,000 Chase Ultimate Rewards® points, which you can redeem for statement credits, account deposits, travel, gift cards and more through the Chase Ultimate Rewards® and Chase Travel℠ portals.
What bank gives you $200 to open an account? ›Bank & account | Bonus amount | Time frame for deposits |
---|---|---|
Citibank: All Citibank checking accounts | $300 | 90 days |
Key Bank: Key Smart Checking | $200 | 60 days |
Fifth Third Bank: Preferred Checking | $200 | 90 days |
CIBC: myChoice Checking | $200 | 90 days |
The Chase Sapphire Preferred's increased welcome bonus gives you 80,000 bonus points after spending $4,000 on purchases within the first three months from account opening. This offer will end by the end of the day on May 24, 2023.
What is the 10 annual bonus for Chase? ›
10% anniversary points bonus: Each account anniversary year, you'll earn bonus points that equal 10% of your total spend in points from purchases made with your credit card during the previous account anniversary year at a rate of 1 point for each $1 spent.
How many Chase bonuses can I get? ›Most cards allow you to earn a welcome bonus if it has been at least 24 months since your last received a welcome bonus on the same card. Chase Sapphire-branded cards, such as the Chase Sapphire Preferred® Card and Chase Sapphire Reserve®, you can only earn a welcome bonus once every 48 months.
What is the Chase bonus for 2024? ›5% CASH BACK CELEBRATION
Activate to earn 5% cash back on up to $1,500 in combined purchases in these festive bonus categories from April 1 - June 30, 2024. Purchases must post to your account by June 30, 2024.
One of the best perks of opening up a Chase Freedom Unlimited® credit card is the $200 cash welcome bonus, earned after spending $500 in your first three months of owning the card.
How do you receive $200 reward from Chase Freedom? ›Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. (Get this welcome bonus.)
What is the Chase new account bonus? ›How does the Chase $300 bonus work? The $300 bonus offer simply requires you to open an eligible new Chase checking account and set up qualifying direct deposits within 90 days. No Chase promotion code is needed to activate or claim the $300 bonus offer. You do, however, have to be a new customer to get the bonus.
What is the Chase year end bonus? ›10% anniversary points bonus: Each account anniversary year, you'll earn bonus points that equal 10% of your total spend in points from purchases made with your credit card during the previous account anniversary year at a rate of 1 point for each $1 spent.
What is the Chase 20000 bonus reward? ›You will receive 20,000 bonus points with this bonus offer, which can be redeemed for $200 cash back. To qualify and receive your bonus, you must make Purchases totaling $500 or more during the first 3 months from account opening.