Offer at a glance
- Maximum bonus amount: $250 ($150 checking + $100 savings)
- Availability: Almost nationwide, you need to take coupon into branch and not all states have Chase branches.
- Direct deposit required: Yes, for checking bonus. No minimum.Â
- Additional requirements: Deposit $10,000 and maintain it for 90 days for savings bonus.
- Hard/soft pull: Soft
- Credit card funding:Â Not available when opening in branch, $500 online (this deal requires it be opened in branch).Â
- Monthly fees:Â $10-12, waivable
- Early account termination fee:Â Bonus taken back if closed within six months
- Expiration date: July 14th, 2015
Contents
The Offer
- Receive a sign up bonus of up to $250 when you open a Chase total checking & savings account. Bonus is broken down as follows (you can do either bonus or both if you like):
- Chase total checking: $150 when you open a new account and set up direct deposit
- Chase savings: $100 when you open a new account and deposit a total of at least $10,000 within 10 days and maintain that balance for 90 days
The Fine Print
- Offer not available to existing Chase checking customers, or those who have had accounts closed in the last 90 days (or with a negative balance)
- Direct deposit must be received within 60 days of account opening
- Direct deposit must be paycheck, pension or government benefits (such as Social Security) from your employer or the government
- Must open account in branch
- Bonuses will appear within 10 days of meeting the requirements (they usually post on a Tuesday)
- Interest rate on the Chase savings account is 0.01%
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Savings Account
The Chase Savings Account comes with a monthly service fee of $4 in most states and $5 in CA, FL, GA, ID, NV, OR and WA. Monthly fee is waived with any of the following:
- Keep a minimum daily balance of $300 or more.
- Have at least one repeating automatic transfer from your Chase checking account of $25 or more. One time transfers do not qualify.
- Have a linked Chase Premier Plus Checking, Chase Premier Platinum Checking, or Chase Private Client Checking account.
Checking Account
The Chase Total Checking account comes with a monthly service fee of $10-$12 which is waived if complete any of the following:
- Have monthly direct deposits totaling $500 or more
- Keep a minimum daily balance of $1,500 or more
- Keep an average daily balance of $5,000 or more in any combination of qualifying Chase checking, savings and other balances
Early Account Termination Fee
If you close either account within 6 months of account opening, you will forfeit the bonus.
Our Verdict
This is a terrible offer for Chase checking & Savings account, it’s regularly possible to get a sign up bonus of $300 for both with the same or very similar requirements. Just recently we had an offer for $300 total checking + $150 for the savings (and there was another even better $175 saving bonus). I’d recommend waiting for something like that to come back again.
I still have some of the $450 coupons left that are unused and I’ll be giving those away sometime this week. This bonus has been added to our master listing of all checking & saving bonuses, but it didn’t make the best of list because better offers from Chase so often come along.
As always the best Chase coupons are always conveniently listed here.
