JP Morgan Chase Bank is offering a $100 bonus for new customers who sign up for the Chase Checking account. If you are not a current customer of Chase, you can qualify for this $100 bonus with an initial deposit of $100 and by initiating a direct deposit or five purchases using your new debit card within 60 days. You will receive your $100 bonus 10 days after your direct deposit or fifth debit card purchase.
Like most account opening bonuses, the $100 is considered interest, so it will be reported to the IRS as interest income. You might owe taxes on the bonus as you would owe taxes on other interest earned in bank accounts.
Keep in mind that in order for this account to remain free, you have to abide by Chase Bank’s rules. Keep your direct deposit or make five debit card purchases each month to avoid a $6 monthly fee. Also, if you close your account within six months, Chase will take the bonus back.
Generate your own $100 Chase Checking Coupon here. (Expires September 30, 2010)
In addition to the Chase $100 Checking Account Bonus, Chase is also offering a $100 cash back bonus on their Chase Freedom® Visa – $100 Bonus Cash Back.
Updated September 20, 2010 and originally published September 23, 2009. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.