Chase Checking ($300) & Savings ($200 Bonus) – Available Nationwide (Mostly)

• Maximum bonus amount: $500
• Availability: Nationwide (must open account in branch)
• Direct deposit required: Yes, no minimum. Click here to view what triggers this bonus
• Additional requirements: None
• Hard/soft pull: Soft
• Credit card funding: Not available when opening in branch
• Monthly fees: $10-12, waivable
• Early account termination fee: Bonus taken back if closed within six months
• Expiration date: Varies based on coupon purchased

The Offer

Offer requires a purchase of coupon on eBay, most seem to be going for $5-$10

• Receive a bonus of $300 when you open a Chase total checking account and set up a direct deposit.
• Receive a bonus of $200 when you open a Chase savings account and deposit $15,000 or more in new money within 10 days and maintain a balance of $15,000 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 (batch processed on a Tuesday)
• Interest rate on the Chase savings account is 0.01%
• You can only receive one Chase checking & savings account per calendar year and only one bonus per account

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 bonus usually becomes public once or twice a year, the reason I’m posting and why it might be worth paying the $5 fee for a coupon is the fact that this bonus is churnable, with two rules:

• Cannot receive the bonus if you have an open account or have closed it in the last 90 days
• Can only receive one bonus (checking & savings account) per calendar year

Because it’s a new calendar year, I suspect a lot of people will be eligible for this bonus again (especially since the last public bonus was in June of last year). I personally just suck up the $5-$10 fee of buying a coupon so I can get this bonus done early each year (in case they change the terms), the main downside to this is you need to go in branch and the bankers can see your history of opening and closing. I’ve never had a problem with this personally (presumably because it helps to pad that bankers numbers).

Because of how cheap these coupons currently are and how easy it is to complete this deal, we’ve added it to our list of the best bank account bonuses. It can also be found in our complete list of all deposit account bonuses.