Chase Teen & College Checking $100 Bonus – No Direct Deposit Required

Update 1/9/25: The college bonus is still around. There’s now a similar offer for teen accounts (age 13-17) which can be found at this link. The teen offer requires a Chase branch visit. Valid through 4/16/25. This one only requires 5 transactions, not 10. (ht Carl J)

Update 10/10/22: Extended until 1/25/23.

Update 7/10/22: Deal is back and valid until 10/19/2022.

Offer at a glance

• Maximum bonus amount: $100
• Availability: Nationwide
• Direct deposit required: None
• Additional requirements: See below
• Hard/soft pull: Soft
• ChexSystems: Unknown
• Credit card funding: Can fund up to $50 with a debit card online (prepaids do not work). Cannot fund with debit or credit in branch.
• Monthly fees: None if in college
• Early account termination fee: Bonus taken back if closed within six months
• Household limit: None
• Expiration date: October 18th, 2019 April 16, 2025

The Offer

Direct link to offer

• Chase has sent out offers for a bonus of $100 when you open a new college checking account and complete the following requirements:
  • Enroll in paperless statements
  • Complete 10 qualifying transactions within 60 days of account opening. Qualifying transactions include: debit card purchases, online bill payments, checks paid, Chase QuickDepositSM, Chase QuickPay® with Zelle®, or direct deposits

 

The Fine Print

• Offer valid until 10/18/2019.
• Offer 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. Employees of JPMorgan Chase Bank, N.A. and its affiliates are not eligible for this offer.
• To receive the bonus: 1) Open a new Chase College Checking account, which is subject to approval; 2) Log in to chase.com and enroll in Chase Checking Paperless Statements within 60 days of account opening; AND 3) Complete at least 10 qualifying transactions within 60 days of account opening.
• After you have completed all the above requirements and the 10 qualifying transactions have posted to your account, we’ll deposit the bonus into your new account within 10 business days.
• Qualifying transactions include: debit card purchases, online bill payments, checks paid, Chase QuickDepositSM, Chase QuickPay® with Zelle®, or direct deposits.
• 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
• . You can receive only one new checking account opening related bonus every two years from the last enrollment date and only one bonus per account.
• Bonus is considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

There is no monthly fees as long as your college student aged between 17-24

Early Account Termination Fee

Bonus taken back if closed within six months

Our Verdict

Not worth considering because there is an offer for $300 as well. That offer does require a direct deposit, but there are plenty of work arounds that will work. Because of that I won’t be adding this to our list of the best checking bonuses.

Hat tip to reader Calvin

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
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• Banks That Allow/Don’t Allow Out Of State Checking Applications
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