Act fast because this offer is only valid through October 14, 2015.
Right now, when you open a Chase Total Checking account, you receive a $150 bonus. Direct deposit is necessary. This is Chase’s most basic checking account. That means there aren’t too many hoops to jump through in order to qualify. It’s available to all US residents.
There is no direct deposit dollar amount you must deposit each month to qualify. The direct deposits must only come from either paychecks or benefits from your employer or a government agency (like for social security checks). The checking account also has no fees if your direct deposits total at least $500 per month. That should be pretty easy for most people. Or, you can get around the fee a few other ways:
- Keep a minimum daily balance of at least $1,500
- Keep at least $5,000 or more in any combination of Chase accounts (this should be easy if you signup for the savings account as well)
Bonuses for Checking with Chase Total Checking
- 15,500 Chase ATMs and 5,400 branches
- Chase QuickDeposit (mobile check deposits)
- Chase QuickPay
- Chip-enabled debit card included
Saving with Chase
You also receive $100 when you open a new savings account. Again, this is Chase’s most basic account of this type. It’s pretty easy to qualify and receive your bonus. For the savings account, you need to deposit at least $10,000 within 10 business days and maintain at least that balance minimum for at least 90 days. This is probably a good spot for your emergency fund. Bonus! You can link this account to your checking account for overdraft protection.
There is a monthly fee associated with this account. It’s a $5 service fee. It can be waived a number of ways. The first is by keeping at least $300 in the account at all times. Or you can transfer at least $25/month from your Chase checking account (we at Saving Advice love this option). If the account owner is under 18-years-of-age, the fee is automatically waived. Finally, the fee will also be waived if it’s connected to one of Chase’s premier checking accounts: Premier Plus Checking, Chase Premier Platinum Checking, or Chase Private Client Checking account.
If you close your account within 6 months, the bonus will be deducted on your way out. That’s good of Chase to put that in writing. Many banks just say, “We reserve the right to deduct the bonus amount at any time.” 6 months isn’t long to stay with a bank – even if you decide you don’t like Chase.
Getting You into the Chase Ecosystem
You may not feel like opening both accounts to get the $250. Just one account may seem like enough. But it’s in your best interest to get them both. Not only do you get more bonus money, you also get mutual benefits from having both accounts. Doing one without the other is silly. Although yes, this will put you heavily into the Chase Ecosystem. Although if you don’t like it after 6 months, simply move on.
Rules That Apply for Both Accounts
Chase uses a soft credit pull, not a hard one. That means your credit score won’t be affected by applying for these accounts. You can apply for these Chase accounts either online or in-branch. If applying in-branch, you’ll need to still click the link to have a coupon emailed out to you.
Enjoy your $250 mini-windfall!