Chase Bank Promotions February 2023: Earn Up To $300 By Opening A New Checking Account (2023)

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Not only is Chase Bank America’s largest bank by assets, but it also has thousands of locations and a presence in all but a couple of states. If you’re looking for a bank with a national footprint, Chase should be at or near the top of your list. If you’re considering Chase Bank for your personal or business banking needs, you can earn as much as $200 by switching over your personal checking account, or up to $300 by opening a business checking account.

How Can You Earn a Chase Checking Account Bonus?

Chase and other banks know that offering a cash bonus is a compelling way to attract prospective customers, and they often make it easy to qualify for welcome offers.

Sign-up bonuses vary by bank and account type, but the offers typically require you to open an account and complete some sort of qualifying activity.

To score a Chase checking account bonus, the qualifying activity might include a combination of receiving direct deposits, holding a minimum balance in the account, using your debit card or paying bills from the account.

Here are the Chase new-account promotions currently available. Offer details are accurate as of Feb. 2, 2023.

Chase Promotions for 2023

FEATURED PARTNER OFFER

Earn $200

Chase Total Checking®

Chase Bank Promotions February 2023: Earn Up To $300 By Opening A New Checking Account (1)

Offer

Earn $200

Expiration

Expires April 19, 2023

Monthly Maintenance Fee

$12

Chase Bank Promotions February 2023: Earn Up To $300 By Opening A New Checking Account (2)

Learn More Chase Bank Promotions February 2023: Earn Up To $300 By Opening A New Checking Account (3)

Via Chase.com

(Video) How to Open a Chase Business Checking Account (WATCH ME APPLY!)

Offer Details

Chase Total Checking® is Chase’s flagship consumer checking account product. It offers access to over 16,000 ATMs and more than 4,700 branch locations across the U.S., plus access to online banking and a highly rated mobile app. The account comes with a $12 monthly service fee.

  • What is the offer? Earn a $200 bonus when opening a Chase Total Checking account and setting up direct deposit within 90 days.
  • What is considered a direct deposit?You qualify if your account receives direct deposits of your paycheck, pension or a government benefit. Person-to-person payments like Venmo and Zelle are not considered direct deposits.
  • When do you receive your bonus? Chase says you’ll get the money within 15 days after setting up direct deposit.
  • Is there a time limit on the offer?Yes. It expires April 19, 2023.
  • Can you avoid the monthly service fee? The $12 charge can be avoided if you do any one of the following:
    • Post a total of $500 per month in direct deposits or other payments into the account, including to your debit card
    • Keep a balance of $1,500 or more in the account at the beginning of each day
    • Maintain an average daily balance of $5,000 or more across all of your qualifying Chase deposit accounts.

FEATURED PARTNER OFFER

Earn $100

Chase Secure Banking℠

Chase Bank Promotions February 2023: Earn Up To $300 By Opening A New Checking Account (4)

Offer

Earn $100

Expiration

Expires April 19, 2023

(Video) $1,000 in Free Money from Opening Checking Accounts | Easy Money Best Bank Bonuses

Monthly Maintenance Fee

$4.95

Chase Bank Promotions February 2023: Earn Up To $300 By Opening A New Checking Account (5)

Learn More Chase Bank Promotions February 2023: Earn Up To $300 By Opening A New Checking Account (6)

Via Chase.com

Offer

Earn $100

Expiration

Expires April 19, 2023

Monthly Maintenance Fee

$4.95

Offer Details

If you are concerned about monthly service fees or maintaining a minimum balance, Chase offers Chase Secure Banking℠. A Chase Secure Banking account carries a lower $4.95 monthly fee and requires no minimum deposit.

  • What is the offer? Earn a $100 bonus when you open a Chase Secure Checking account and complete 10 qualifying transactions within 60 days of enrollment.
  • What transactions qualify for the offer? Qualifying transactions include debit card purchases, Zelle payments, ACH credits, Chase Quick Deposits and online bill payments.
  • When do you receive your bonus? The cash will appear in your account within 15 days after you complete the qualifying transactions, Chase says.
  • Is there a time limit on the offer? Yes. It expires April 19, 2023.
  • Can you avoid the monthly service fee? Chase does not offer a way to avoid the monthly service fee on a Chase Secure Banking account.

FEATURED PARTNER OFFER

Earn $300

Chase Business Complete Banking℠

Chase Bank Promotions February 2023: Earn Up To $300 By Opening A New Checking Account (7)

Offer

Earn Up to $300

Expiration

Expires May 18, 2023

Monthly Maintenance Fee

$15

(Video) Chase checking account bonuses $100-$2000 in free money!

Chase Bank Promotions February 2023: Earn Up To $300 By Opening A New Checking Account (8)

Learn More Chase Bank Promotions February 2023: Earn Up To $300 By Opening A New Checking Account (9)

Via Chase.com

Offer

Earn Up to $300

Expiration

Expires May 18, 2023

Monthly Maintenance Fee

$15

Offer Details

For business owners, Chase offers Chase Business Complete Banking℠. Entrepreneurs might choose Chase for its nationwide presence and its ATMs that can accept both large cash deposits and up to 30 checks at a time. A Chase Complete Business Checking account also provides access to Chase’s QuickAccept payment processing and same-day deposits. There’s a $15 monthly service fee.

  • What is the offer? Earn $300 with an opening deposit of $2,000. You must also fund your account within 30 days of enrollment, maintain your deposit balance for a minimum of 60 days, and make five qualifying transactions within 90 days of offer enrollment.
  • What transactions qualify for the offer? You must complete five qualifying activities within 90 days of your enrollment. They can include debit card purchases, Chase QuickAccept deposits, Chase Quick Deposit ACH transfers, wire transfers (both incoming and outgoing) and Chase Online Bill Pay payments.
  • When do you receive your bonus? The money will be deposited in your account within 15 business days after you meet the requirements.
  • Is there a time limit on the offer? It expires May 18, 2023.
  • Can you avoid the monthly service fee? The monthly charge will be waived if you do any of the following:
    • Maintain at least a $2,000 minimum daily balance in your account
    • Spend at least $2,000 on purchases with a Chase Ink business credit card
    • Receive $2,000 in deposits from QuickAccept transactions or other eligible payment methods
    • Link a Chase Private Client checking account
    • Provide valid, qualifying proof of military status
(Video) Chase Bank Review - 2023

Are These Chase Bank Bonuses a Good Deal?

Chase regularly offers welcome bonuses to new consumer and business checking customers, and the promotions are generally competitive with those dangled by other large, national banks. Switching your banking relationship to Chase can mean an easy few hundred dollars in your pocket.

But before you open an account, consider what you’ll need to do to avoid a monthly maintenance fee. An account that qualifies for a bonus can be a great deal, but only if you tend to carry a moderate-sized balance in your checking account or will earn a fee waiver from other qualifying activities.

If your banking patterns mean you’re likely to be stuck paying monthly fees, take a look through today’s best checking accounts to see if there is another bank option that would be more affordable for you.

What Else Should You Know About Chase Banking Promotions?

You Can’t Churn Through the Offers

If you previously opened a checking account and received a welcome bonus within the past two years, you are ineligible to receive another bonus. Also, the promotional offers are meant for new customers. If you are an existing customer, you can’t simply close your account and open a new one and receive a bonus. If you have closed a Chase checking account within the last 90 days, you are ineligible for a welcome bonus.

You Can Receive Both a Personal and a Business Welcome Bonus

If you are a small business owner, you can receive a welcome bonus for opening a business checking account even if you have an existing personal banking relationship with Chase.

Likewise, if you do not have a personal checking account with Chase but do have an existing business account, you may be eligible to receive a welcome bonus for opening a personal account.

You Must Keep the Account Open for a Time

Naturally, Chase wants to attract customers who plan to keep and use their accounts after they receive a welcome bonus. In most cases, you must keep your account open for at least six months after you enroll in the promotion in order to hold on to your sign-up bonus. If you close your account within six months, Chase will deduct the account bonus amount from your account at closing.

Your Bonus May Be Taxable

When you collect a welcome bonus for opening a new bank account, you can expect to receive a 1099-INT tax form detailing the promotional amount. This is because the welcome bonus is considered interest income for tax purposes and must be reported to the IRS.

Find The Best Checking Accounts Of 2023

Learn More

Bottom Line

Qualifying for Chase Bank promotions for new accounts could be a relatively easy way to collect some bonus cash. The current round of Chase promotions is competitive, and you could get multiple bonuses if you open personal and business accounts at the same time. And when you bank with Chase, you get the convenience of online banking, mobile banking and branch banking, so you always have access to your money when you need it.

Frequently Asked Questions (FAQs)

How does the Chase $200 bonus work?

The $200 bonus offer simply requires you to open an eligible new Chase checking account and set up qualifying direct deposits. No Chase promotion code is needed to activate or claim the $200 bonus offer. You do, however, have to be a new customer to get the bonus. Chase Bank promotions for existing customers may be limited to referral credits or credit card bonus offers.

How long does it take for Chase to deposit the bonus?

Generally, Chase bonus offers are credited to your account within 15 days of meeting the offer requirements.

How often can you get a Chase bonus?

Chase Bank promotions for new accounts have restrictions regarding how often you can claim them. Generally, if you opened a Chase checking account at any time within the two years prior to applying for a new Chase Bank bonus offer, you won’t qualify.

How do I get my Chase bonus?

If you earn a bonus with Chase promotions, the bonus is credited to your Chase account automatically. There’s nothing you need to do other than meet any requirements needed to earn the bonus. If your bonus doesn’t arrive in the time frame you expect it to, you can contact Chase customer support by phone or visit a branch for help.

(Video) Business Banking for Print on Demand 2023

FAQs

What promotions does Chase have right now? ›

Chase Secure Banking℠: $100 bonus. Chase Freedom Flex℠: $200 bonus. Chase Freedom Unlimited®: $200 bonus. Chase Sapphire Preferred® Card: 60,000 bonus points.

Does Chase have a bonus for opening an account? ›

Receive $300 after opening a new Chase Total Checking account and setting up a direct deposit. Receive $200 after opening a new Chase Savings account, depositing a total of $15,000 or more in new money within 30 business days, and then maintaining a $15,000 balance for 90 days.

How can I get $600 from Chase? ›

Earn up to $600 from Chase Bank when you open a new personal checking and savings account.
...
Chase Total Checking® does charge a monthly fee of $12, but there are ways to get this waived:
  1. Make at least $500 in electronic deposits each month.
  2. OR, maintain a minimum beginning balance each day of $1,500.
Jan 9, 2023

What banks give money for opening a new bank account? ›

Best checking account bonuses
  • Chase (Private Client): $2,000 bonus.
  • Citibank: up to $2,000 bonus.
  • Huntington National Bank: up to $600 bonus.
  • PNC Bank: up to $400.
  • BMO Harris: up to $350 bonus.
  • TD Bank: up to $300 bonus.
  • SoFi: up to $250 bonus.
  • Chase Bank: $200 bonus; $100 bonus for college students.
Feb 2, 2023

How do I get a Chase $300 bonus? ›

Earn $300 with an opening deposit of $2,000. You must also fund your account within 30 days of enrollment, maintain your deposit balance for a minimum of 60 days, and make five qualifying transactions within 90 days of offer enrollment.

How do I get my Chase bonus? ›

How do you get your Chase bonus? You'll receive your Chase bonus once you've opened your new account and completed all the requirements. For the College Checking℠ account, you'll get your bonus within 15 days of your 10 qualifying transactions being posted.

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