Chase, the nation’s largest bank, offers welcome bonuses for opening different types of accounts, including checking and savings. You’ll receive even more cash should your friends and family members use your referral link to open a bank account with Chase*.
Account details and annual percentage yields (APYs) are accurate as of December 15, 2023.
Chase Bank promotions overview
JPMorgan Chase Bank is currently offering a bonus of $300 when you open a personal checking account and $200 when you open a savings account. If you open both accounts at the same time, you get an extra $400 — for a total bonus of $900.
You can also get a $300 bonus for opening a new business checking account and students can earn $100 with a new student checking account.
Existing customers can earn up to $500 per year through referral bonuses.
Chase Total Checking®: $300 bonus
Chase Bank is offering a $300 bonus for opening a new Chase Total Checking® account.
How to qualify
The promotion is available to individuals without an existing Chase Bank account. To qualify for the bonus, you must:
- Open a new Chase Total Checking account and set up a qualifying direct deposit within 90 days of account opening.
Once you complete these steps, Chase will deposit the bonus in your new account within 15 days.
This promotion is available to new customers who have not closed a Chase Bank account within the past 90 days or closed a Chase Bank account with a negative balance within the past three years. You are also not eligible if you have received a checking or savings account-related bonus at Chase Bank within the past two years.
Expiration date
January 24, 2024.
How to waive fees
The Chase Total Checking account has a monthly service fee of $12 which can be waived by having at least $500 in monthly direct deposits made into the account, a minimum balance of $1,500 in the account at the beginning of each day or an average beginning day balance of at least $5,000 in qualifying Chase accounts.
Chase Savings℠: $200 bonus
Chase Bank is offering new customers a $200 bonus for opening a new Chase Savings℠ account.
How to qualify
To qualify for the bonus, you must:
- Open a new Chase Savings account, deposit at least $15,000 of new money into the account within 30 days of coupon enrollment and maintain a balance of at least $15,000 in the account for 90 days from coupon enrollment.
After you’ve completed these steps, Chase will deposit the bonus in your new account within 15 days.
To qualify you must not be a current Chase Bank customer and have not closed an account with Chase within the past 90 days. You also can’t have closed a Chase account with a negative balance within the past three years. Also, if you have received a checking or savings account-related bonus at Chase within the past two years you are not eligible.
Expiration date
January 24, 2024.
How to waive fees
The Chase Savings account itself has a monthly service fee of $5 which can be waived with a minimum balance at the beginning of each day of $300 in the account, at least $25 in total Autosave or other repeating automatic transfers from a personal Chase checking account, a Chase College Checking℠ account linked to this account for overdraft protection, an account owner who is younger than 18 years old or with a linked Chase Premier Plus Checking℠, Chase Sapphire℠ Checking or Chase Private Client Checking℠ account.
Chase Total Checking® + Chase Savings℠: $900 bonus
If you open both a Chase Total Checking account and a Chase Savings account, you can earn a $900 bonus. That’s the $300 bonus for a new checking account and the $200 bonus for a savings account, plus $400 extra.
How to qualify
To qualify for the $900 bonus, you must:
- Open a new Chase Total Checking account and a new Chase Savings account at the same time and complete all the requirements for both the checking bonus and savings bonus.
After you complete all the requirements, Chase will deposit the bonus in your account within 15 days.
As with the other promotions, you can’t be an existing customer or have closed an account within the last 90 days. You also can’t have closed an account with a negative balance in the past three years, or have gotten a checking or savings promotion within the last two years.
Expiration date
January 24, 2024.
How to waive fees
With this promotion you will not have a monthly service fee on either account for the first two months. You can waive the applicable fees for each respective account by following the steps listed above.
Chase College Checking℠: $100 bonus
Students between the ages of 17 to 24 years old who open a new Chase College Checking℠ account can earn a $100 bonus.
How to get the bonus
To qualify for the $100 bonus, you must:
- Open a new Chase College Checking account online or with the coupon at a local branch and complete 10 qualifying transactions within 60 days of coupon enrollment. Qualifying transactions include debit card purchases, Zelle® payments, Chase QuickDeposit℠, ACH credits and online bill payments.
After completing these steps, Chase will deposit the bonus into your account within 15 days.
To qualify you can’t be an existing customer or have closed an account within the last 90 days. You also can’t have closed an account with a negative balance in the past three years, or have gotten a checking or savings promotion within the last two years.
Expiration date
January 24, 2024.
How to waive fees
The College Checking account does not have a monthly fee while you’re in school, with a maximum of five years.
After graduation, the monthly fee is $6 which can be waived by having an electronic deposit made to the account each statement period or by maintaining an average ending daily balance of at least $5,000.
Chase Business Complete Checking®: $300 bonus
New customers who open a Chase Business Complete Checking® account can earn a $300 bonus.
How to get the bonus
To get the bonus, your business must:
- Open a new Chase Business Complete Checking account, deposit at least $2,000 of new money into the new checking account within 30 days of enrolling, maintain a balance of at least $2,000 in the account for 60 days from the offer enrollment and complete at least five qualifying transactions within 90 days of offer enrollment. Qualifying transactions include debit card purchases, accepting card payments through QuickAccept®, Chase QuickDeposit, ACH credits, credit and debit wires and Chase Online℠ Bill Pay.
After you complete these steps, Chase will deposit the bonus cash into your new account within 15 days.
To qualify, you must not be a current Chase business customer (you can have a personal account with Chase). Your business also can not be a non-profit, Political Action Committee, or have other political ties. You also cannot have closed an account with Chase within the past 90 days or closed a Chase account with a negative balance within the past three years.
Expiration date
January 18, 2024.
How to waive fees
The Business Complete Checking Account has a monthly service fee of $15 which can be waived with either a $2,000 minimum daily balance, $2,000 in net purchases on your Chase Ink® Business Card(s), $2,000 in deposits from Chase QuickAccept or other eligible Chase Payment Solutions transactions, by linking a [banking_product_name pid=139724] account or by providing qualifying proof of military status.
Up to $500 bonus each year for referring customers
You can earn $50 for each friend who opens a new Chase checking account, up to $500 per calendar year.
How to get the bonus
To get the bonus you’ll first need to have a qualifying Chase personal checking account open for at least 30 days. The following accounts qualify:
- Chase Total Checking®.
- Chase College Checking℠.
- Chase Premier Plus Checking℠.
- Chase Sapphire℠ Checking.
- Chase Private Client Checking℠.
- Chase Secure Banking℠.
Then you’ll send a personalized referral link to anyone in your network, such as family members, friends and co-workers. If your referrals decide to open a qualifying Chase checking account, they’ll need to use your personalized link.
They’ll also need to complete qualifying activities, which will vary depending on the account opened.
Every time a friend or family member completes these steps using your referral link, Chase Bank will deposit the $50 bonus into your primary checking account within 30 days.
You can receive up to 10 referral bonus deposits, totaling $500, per calendar year. Your friends and family members get something out of the deal, too: $200 when they open an eligible Chase checking account and complete qualifying activities.
Expiration date
No expiration date.
How Chase Bank promotions compare
Chase Bank’s current promotions tend to stack up well. Here’s how they compare to some other national institutions. In short, PNC is competitive, but Citi® and Wells Fargo offer much greater potential bonuses while Bank of America falls short.
Chase Bank review
JPMorgan Chase Bank opened in 1799 with headquarters in New York City. It’s now the country’s largest bank, with assets totaling $3.385 trillion, and operates nearly 4,900 branches in all of the 48 lower states.
Chase has earned a strong reputation among its customers. In the J.D. Power 2022 U.S. National Banking Satisfaction Study, Chase Bank earned the second-highest score of 678—right below Capital One, which scored 694.
The bank also earned high marks in the J.D. Power 2023 U.S. Retail Banking Satisfaction Study, which breaks down customer satisfaction within 15 regions across the U.S. Chase received the highest ranking in Florida, the Mid-Atlantic and the upper Midwest and above-average scores in nine other regions.
Chase Bank also comes in strong in the J.D. Power U.S. Small Business Banking Satisfaction Study, where it ranked fifth with a score of 680.
However, Chase Bank isn’t the best option if you’re focused on earning interest on your funds. Large brick-and-mortar banks often charge monthly account fees and pay very little on their savings and checking accounts — and Chase is no exception.
If you’re looking for high-yield savings accounts and CDs along with no-fee checking, consider checking out the best online banks.
Frequently asked questions (FAQs)
Chase will give you a $900 bonus after opening a new Chase Total Checking account and a new Chase Savings account at the same time and completing all the requirements for both the checking bonus and savings bonus.
When you open a new Chase Total Checking account, you’ll receive your bonus within 15 days of completing your qualifying activities.
With the Chase Savings account, you’ll need to maintain a qualifying balance for 90 days. Once you complete that step, Chase will then deposit your bonus within 15 days.
Yes, Chase Bank promotions are taxable. The bonuses for opening a Chase Total Checking or Chase Savings account are considered interest payments. At the end of the year, Chase will send you an IRS Form 1099-INT (or Form 1042-S, if applicable), which you can use to report the bonuses.
The Refer a Friend bonus may be reportable to you and the IRS on Form 1099-MISC (or Form 1042-S, if applicable).
If you don’t qualify for a Chase bonus, you might be eligible for a bonus at another bank, such as U.S. Bank.
