Chase $600 Checking + Savings Bonus

Update 9/22/19: Deal has been extended until 11/18/19. Hat tip to Andrey D

Update 8/6/19: Deal is back and valid until 09/28/19. Hat tip to Hiep Thong Nguyen

Update 8/2/19: Deal is back and valid until 8/6/19. Hat tip to intervested99

Update 6/11/19: Deal has been extended through 8/6/19. Updated link below. (ht Du Zhao)

Update 4/20/19: Deal has been extended until June 15th, 2019. Hat tip to reader bholden1

Update 3/24/19: Deal has been extended until April 23rd, 2019. Hat tip to reader Abey

Update 2/27/19: New working link found. Thanks to reader Cari

Update: 1/15/19: Another new working link found. Do this quickly if interested as last time Chase pulled the link within a day or two. Hat tip to reader naimsalman.

Update 1/9/2019: New working link found. Valid until January 17th, 2019. Hat tip to reader An Xiao

Update 11/15/2018: New working link found. Valid until January 12th, 2019.

This bonus contains language stating:

  • You can receive only one new checking and one new savings account opening related bonus every two years from the last enrollment date and only one bonus per account. Bonuses are considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).

Previously you could do these bonuses once every calendar year.  More information on that change here.

Offer at a glance

  • Maximum bonus amount: $600
  • Availability: Nationwide, though the online link won’t work unless you have a branch in your state.
  •  Direct deposit required: Yes, no minimum. Click here to view what triggers this bonus.
  • Additional requirements: None for checking; $15,000 balance for savings
  • Hard/soft pull: Soft
  • 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: $12, waivable
  • Early account termination fee: Bonus taken back if closed within six months
  • Household limit: None listed
  • Expiration date:  January 17th, 2019 March 5th, 2019 March 23rd, 2019 April 23rd, 2019 September 28th, 2019

The Offer

Direct link to offer

  • Chase is offering a checking & savings bonus worth up to $600. Bonus is as follows:
    • Receive a bonus of $300 when you open a Chase Total checking account with $25 or more and have a direct deposit post to the account within 60 90 days.
    • Receive a bonus of $200 when you open a Chase savings account and deposit $15,000 or more in new money within 20 business days and maintain a balance of $15,000 for 90 days.
    • Receive an extra $100 bonus when you complete both of the above bonuses.

The Fine Print

  • Checking offer is not available to existing Chase checking customers. Savings offer is not available to existing Chase savings customers.
  • Both offers are not available to those with fiduciary accounts, or those whose accounts have been closed within 90 days or closed with a negative balance.
  • To receive the $300 checking bonus: 1) Open a new Chase Total Checking account, which is subject to approval; 2) Deposit $25 or more at account opening; AND 3) Have your direct deposit made to this account within 60 days of account opening. Y
  • our 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. After you have completed all the above checking requirements, we’ll deposit the bonus in your new account within 10 business days.
  • To receive the $200 savings bonus: 1) Open a new Chase SavingsSM account, which is subject to approval; 2) Deposit a total of $15,000 or more in new money into the new savings account within 20 business days of account opening; AND 3) Maintain at least a $15,000 balance for 90 days from the date of deposit. The new money cannot be funds held by Chase or its affiliates. After you have completed all the above savings requirements, we’ll deposit the bonus in your new account within 10 business days.
  • To receive the extra $100 bonus: You must complete all requirements above for BOTH the checking bonus and savings bonus.
  • After you have completed all requirements, we will deposit the remaining bonus due in your new checking account within 10 business days.
  • You can receive only one new checking and one new savings account opening related bonus every two years from the last enrollment date and only one bonus per account. Bonuses are 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

Savings Account

The Chase Savings Account comes with a monthly service fee of $5. Monthly fee is waived with any ONE 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 in the checking account
  • 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 the best public bonus we’ve seen on this account. Previous best was up to $525. Keep in mind the new language. The link itself doesn’t seem as generic as some other links do, but I played a bit with the URL string and other numbers seem to work so if each link is single use it might still be possible to change characters to get it to work. Let’s hope it’s not single use. This is definitely worth considering if you can do both bonuses, and I’ll be adding it to the best checking & savings bonus page.

RELATEDPSA: Don’t Use ACH-Pull for Chase Bank Account Openings, Avoid Account Lockup

Big thanks to reader, Jason W who let us know. Learn how to find bonuses and contribute to the site here.

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