Chase Business Total Checking $750 Bonus (No Direct Deposit Required)

Update 11/21/24: New link shows 01/16/2025 end date. Hat tip to Mike

Update 7/15/24: New link shows extended expiration of 10/17/24 (ht Eric)

Offer at a glance

• Maximum bonus amount: $300 – $750
• Availability: Nationwide – online or in branch
• Direct deposit required: No
• Additional requirements: Deposit $2,000 – $30,000 & maintain it for 60 days + 5 transactions
• Hard/soft pull: Soft
• ChexSystems: No
• Credit card funding: $500, but codes as cash advance
• Monthly fees: $15, avoidable
• Early account termination fee: Six months, bonus forfeit None
• Household limit: None
• Expiration date: August 3 October 19, 2023 January 18, 2024 October 17, 2024

The Offer

$750 | $400 link | New link $750 New Link

• Chase is offering a bonus of up to $750 when you open a new Chase Complete Business checking account and complete the following requirements:
  • Deposit $30,000 in new money within 30 days of coupon enrollment & maintain that balance for 60 days from offer enrollment.
  • Complete 5 qualifying transactions within 90 days of account opening. Qualifying transactions are:
    • Debit card purchases
    • Chase QuickDeposit and QuickAccept
    • ACH (Credits)
    • Wires (Credits or debits)

There are also lower versions of the bonus with a lower deposit requirement (all other details the same):

• Deposit $2,000 and get a $300 bonus.
• Deposit $15,000 and get $500 bonus.

 

The Fine Print

• Eligibility: Open a Chase Business Complete CheckingSM, Chase Performance Business Checking® (or Chase Performance Business Checking® with Interest), or Chase Platinum Business CheckingSM account.
• Offer code is good for one-time use.
• Account Opening: Enter offer code in the E-Coupon Application after account opening. Bonus will be deposited within 15 days after all conditions are met.
• E-Coupon Receipt: Print and give to the customer.
• Bonus/Account Information: Checking offer is not available to existing Chase business checking customers, local, state or federal government entities or agencies, Not for Profit organizations, Political Action Committees, or those with campaign accounts or 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 business checking account opening related bonus every two years from the last enrollment date and only one bonus per account.
• To receive the business checking bonus: 1) Open a new Chase Business Complete CheckingSM, Chase Performance Business Checking® (or Chase Performance Business Checking® with Interest) account or Chase Platinum Business Checking accountSM, which is subject to approval; 2) Deposit a total of $10,000 or more in new money into your new checking account within 30 days of coupon enrollment; and 3) Maintain at least a $10,000 balance for 60 days from the coupon enrollment. The new money cannot be funds held by your business at Chase or its affiliates. 4) Complete 5 qualifying transactions within 90 days of coupon enrollment. Qualifying transactions are: debit card purchases, Chase QuickAcceptSMdeposits, Chase QuickDepositSM, ACH (Credits), wires (Credits and Debits). After you have completed all the above checking requirements, we’ll deposit the bonus in your new account within 15 days. Coupon is good for one-time use. Employees of JPMorgan Chase Bank, N.A. and our affiliates are not eligible. Chase reserves the right to withdraw this offer at any time without notice.
• Account Closing: If the checking account is closed by the customer or Chase within six months after coupon enrollment, we will deduct the bonus amount for that account at closing.
• Chase Business Complete CheckingSM has a $15 Monthly Service Fee unless you fulfill at least one of the following qualifying activities: 1) Maintain a minimum daily balance of $2,000 in your account as of the beginning of each day of the statement period, 2) Spend at least $2,000 in purchases (minus returns or refunds) using your Chase Ink® Business Card(s) that shares a business legal name with the Chase Business Complete Checking account, using each of their most recently completed monthly card billing period(s), 3) Deposit $2,000 into your Chase Business Complete Checking account from your QuickAcceptSM and/or other eligible Chase Merchant Services transactions at least one business day prior to the last day of your bank account statement period, or 4) Maintain a linked Chase Private Client CheckingSM account. Product terms are subject to change. Eligible Chase Merchant Services products include only those where the transaction history can be viewed through Chase Business Online, Chase Connect®, or J.P. Morgan Access.
• Bonuses are considered interest and may be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).

Avoiding Fees

Monthly Fees

Chase Total Business Checking com no monthly fee when you maintain a daily minimum balance of $2,000 or more. Otherwise a $15 Monthly Service Fee will apply.

Other ways to waive the fee:

• $2,000 minimum daily balance
• $2,000 in net purchases on your Chase Ink^® Business Card(s)
• $2,000 in deposits from Chase QuickAccept℠ or other eligible Chase Payment Solutions transactions
• Link a Chase Private Client Checking℠ account
• Provide qualifying proof of military status

Reports indicate that Chase usually waives the fee for the first couple months.

Early Account Termination Fee

Accounts need to be kept open for a minimum of six months; otherwise, the bonus will be forfeited. None

Our Verdict

We saw the $750 offer before with a lower $20,000 deposit requirement. The high interest environment we’re in makes the deal less enticing since the money won’t be earning any interest while in the Chase account.

The funds might only need to sit in the Chase business checking account for 31 days (day 31 – day 60) or possibly  it needs a full 60 days. In the end, you’re likely to end up losing $100-$250 in interest (assuming a 4-5% interest rate in high yield savings account). Some people might prefer doing the lower $300 tier with just $2,000 required.

When I tried doing this some months ago, there was something about my business type not being eligible for online opening and I decided against going in branch. The offer now is worse with the higher deposit requirement so I’m going to give this one a miss. Still could be a decent deal for someone interested.

Unfortunately you’re not eligible for this bonus if you’ve received a Chase business checking bonus within the last two years, so it won’t work for everyone. There used to be a clause that you had to keep the account for 6 months before closing, but I think (?) Chase has removed that now from all of their bonuses.

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?
• Affiliate Links & Bank Bonuses – We Won’t Be Using Them
• Complete List Of Ways To Close Bank Accounts At Each Bank
• Banks That Allow/Don’t Allow Out Of State Checking Applications
• Bank Bonus Posting Times

Deal History:

• Update 5/29/24: New working link added.
• Update 4/6/24: extended until 7/22/24
• Update 1/21/24: Deal is back and valid until 4/18/2024.
• Update 1/7/24: New link has the lower tier with a higher $400 bonus (instead of $300). This $400 link expires 1/18/24. The $750/$300 link is still slated to expire 1/18/24. (ht to reader moneymaker)
• Update 11/29/23: Available now online at this link, valid through 1/18/24
• Update 11/23/23: Deal is back, but this time in branch.