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A new Chase branch opened across the street from my apartment some time in the past few months. I was considering opening an account there for the convenience, but I haven’t given it too much thought. I’m more inclined to simplify my finances, which means reducing the number of accounts I have rather than increasing. Besides, my closest Wachovia branch, where I hold my primary brick-and-mortar checking account, is only two blocks away.
This weekend, I received a notice in the mail that Chase is offering a $100 bonus for opening a checking account. This provided motivation until I read the details. The account must be opened with a low minimum of at least $100 but there are no fees only if you initiate direct deposit. I’m happy with my current direct deposit arrangement, whereby funds from my paycheck are automatically deposited into my ING Direct Electric Orange account and then distributed to savings from there.
This $100 bonus does not appear to be available online. It required the physical certificate received in the mail to be given to an account representative at a Chase branch. Here is the full “fine print” on this offer:
Chase Free Checking™ requires a $100 minimum opening deposit of new money (money not currently held by this bank or its affiliates) to qualify for the bonus. Chasee Free Checking has no monthly service fee when you have a monthly direct deposit. Limit one personal checking account-related reward/premium per customer, per calendar year. Offer not available on account conversions or in combination with any other offer. Bonus will be automatically deposited into your new account with 10 business days of account opening, but not considered part of minimum opening deposit. Checking account must remain open for a minimum of six months or the bonus will be debited from the account at closing. Account is subject to approval. Bonus is considered interest and will be reported on IRS for 1099-INT.
If you’re quick, you can get a $100 bonus code for a Chase checking account here.
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