Chase’s best-ever bonus for opening a new checking and savings account has been extended. Until 4/15/26, you can earn $900 when you open a new Chase Total Checking Account and a new Chase Savings account. In order to get the bonus, you have to set up a direct deposit to the checking account and deposit a total of $15,000 into the savings account within 30 days, then maintain the balance for an additional 60 days.
The Deal
There are two parts to this deal:
- 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 days, and then maintaining a $15,000 balance for 90 days.
- Receive $900 by doing both (an extra $400)
- You can either apply online OR use your e-mail address to get a coupon that you can then take to a branch
Key Terms and Conditions
- Expires 4/15/26.
- 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 whose accounts have been closed within 90 days or closed with a negative balance within the last 3 years.
- You can receive only one new checking and one new savings account opening related bonus every two years from the last coupon enrollment date and only one bonus per account.
- To receive the checking bonus you must open a new Chase Total Checking account AND have your direct deposit made to this account within 90 days of coupon enrollment. Your 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. Person to Person payments (such as Zelle®) are not considered a direct deposit.
- To receive the savings bonus you must open a new Chase savings account, deposit a total of $15,000 or more in new money into the new savings account within 30 days of coupon enrollment and maintain at least a $15,000 balance for 90 days from the coupon enrollment. The new money cannot be funds held by you at Chase or its affiliates.
- After you have completed all the above savings requirements, we’ll deposit the bonus in your new account within 15 days.
- To receive the extra bonus you must open the checking and savings account at the same time and 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 account within 15 days
How to get account fees waived
The $15,000 that you’ll have in your savings account will keep both accounts free of fees.
Chase Total Checking
$15 Monthly Service Fee is waived by doing one of the following each statement period:
- Have monthly direct deposits totaling $500 or more made to this account
- Keep a minimum daily balance of $1,500 or more in your checking account
- Keep an average beginning day balance of $5,000 or more in any combination of this account and linked qualifying Chase checking, savings and other balances.
Chase Savings
$5 Monthly Service Fee is waived by doing one of the following each statement period:
- Keep a balance at the beginning of each day of $300 or more in your savings account
- Have $25 or more in total Autosave or other repeating automatic transfers from your personal Chase checking account
- Have a linked Chase Premier Plus Checking, Chase Premier Platinum Checking, or Chase Private Client Checking account
Quick Thoughts
Before we get into more details, a quick PSA. While I haven’t heard of many Chase shutdowns (where all of your credit cards are cancelled) over the years, those that I have seen are often folks who had credit cards AND bank accounts. The theory is that having bank accounts puts more eyes on all your accounts, and if a human notices marginal credit card behavior, it can put you at risk. I’ve never opened a Chase banking account because of this. I may be a Nervous Nellie, but I get a lot of value from my relationship with Chase, and I’d prefer to stay on the safe-ish side.
That said, for those who don’t indulge with their Chase credit cards, this is as good as it gets. In P2 mode, you can earn $1800 and even reuse the same $15K if you signed up for one account now and then transferred that money to P2’s account once the bonus credits. That’s a big hunk of change.
What Chase does and doesn’t consider a direct deposit is a little fuzzy. Doctor of Credit maintains a kind of updated list of what works. It’s worth consulting that before deciding whether or not you need to move any existing direct deposits over.
These bonuses often go away before the official expiration date, so if you’re thinking about taking this one for a spin, I would go ahead and get a coupon code now, as that will be good until April 15th. If you’re in 2-player mode and plan on opening the accounts sequentially, get both codes now.
If you’ve got the cash lying around and don’t do much hanky-panky with your Chase credit cards, this offer is definitely worth a look.
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I tried to do this for my daughter. Unforetunately her last pay check before going to school did not get deposited into the correct account. I read that you could use TreasuryDirect to get the direct deposit to work, alais, the federal governments third part veification system for adding an account to TreasuryDirect gave and error which now required a medalion guarantee. Chase is not willing to provide and neither is any other bank/brokerage. Does anyone have any idea how to get a Chase deposit count as a direct deposit? Thank you in advance!
I don’t understand the savings 0.01%APY. $200/3mo. If you keep $15k in a conservative 3% account, you make $112.5/3mo. So really bonus only $88 bonus here. Only do this if your doing both checking and savings.
Your math is off. Earning 3% a year on 15k (a conservative HIY savings account in the US right now) yields around $450/year. Just under $40 per month. Not sure where you got $112.5 a month. There are no savings accounts where you can earn that much a month on 15k. That would be almost 10% a year interest
Read again, it says 3mo.
$15000×0.03 = $450.00/yr
$450/12 = $37.50/mo
$450/4 = $112.50/3mo
This savings only bonus says maintain 90 days for $200 bonus. If you just leave in a HYS for 90 days you get $112.50. So net bonus is actually only $87.50, subtract opportunity cost. So my comment was make sure you do the checking AND savings, not just the savings bonus.
@Stephen Pepper expiry now 4/16
Thank you!
What level of hanky panky would raise red flags? Is getting a boatload of 5X at staples in $200 increments considered hanky panky? How about a bunch of money order deposits?
Is it worth closing an existing checking to get this deal after 90 days?