Chase has been offering a consistent $900 bonus for opening up a new Total Checking Account alongside a Total Savings account, then completing qualifying activities in both. Now, there’s a different version that offers the same $900 cap but only requires opening a checking account, setting up direct deposit, and then moving funds into the account. No savings account is needed.
There are three different tiers to the promo, based on the amount of funds you deposit. To get the full $900, deposit a total of $15k+ into the account within 30 days, and set up a direct deposit (for any amount) within 90 days. If you deposit $10k to $14,999, you’ll receive a $600 bonus. A deposit of $5k to $9,999 gets you $450.
The Deal
Open a new Chase Total Checking account, and receive the following bonus amounts when depositing the required funds (must also set up a direct deposit within 90 days of enrollment:
- Receive $450 after depositing a total of $5,000-$9,999 in new money within 30 days, and then maintaining that balance for 90 days.
- Receive $600 after depositing a total of $10,000-$14,999 in new money within 30 days, and then maintaining that balance for 90 days.
- Receive $900 after depositing a total of $15,000+ in new money within 30 days, and then maintaining that balance for 90 days.
- 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 7/15/26.
- Checking offer is not available to existing Chase checking customers or 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 account opening-related bonus every two years from the last coupon enrollment date and only one bonus per account.
- To receive the bonus: 1) Open a new Chase Total Checking account, which is subject to approval; AND 2) Have your direct deposit made into the new checking 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. Micro-deposits do not qualify as a direct deposit for the bonus. Micro-deposits are small deposits, typically less than $1, that are sent to your account to verify it is the correct account; AND 3) Deposit a total of $5,000 or more in new money into the new checking account within 30 days of coupon enrollment. The new money cannot be funds held by you at Chase or its affiliates.
- At day 30, your new money deposit amount will be determined as follows, and you must maintain it for 90 days from coupon enrollment. If the new money deposit amount decreases below the threshold during the 90-day period, your offer amount may change, or your checking account may no longer qualify for the offer:
- Checking bonus offer amount $450 | New Money Deposit Amount $5,000-$9,999.99
- Checking bonus offer amount $600 | New Money Deposit Amount $10,000-$14,999.99
- Checking bonus offer amount $900 | New Money Deposit Amount $15,000 or more
- After you have completed all requirements, we will deposit the bonus in your new checking account within 15 days. To receive the bonus, the enrolled account must not be closed or restricted at the time of payout. Eligibility may be limited based on account ownership.
- Bonus is considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).
How to get Total Checking account fees waived
$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.
Quick Thoughts
Before we get into more details, my usual PSA. While I haven’t heard of many Chase shutdowns (where all of your credit cards are canceled) 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 $ 1,800 and even reuse the same $15K if you signed up for one account, then transferred that money to P2’s account once the bonus is available. Alternatively, you could do the same with $5k and earn $900 in ~60 days (since the funds only need to be in the account between 30 and 90 days after enrollment).
Either way, that’s a big hunk of change.
What Chase considers 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 to move any existing direct deposits over.
These bonuses sometimes expire 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 it will be good until July 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, especially since the tiers make it accessible to folks with less cash to play around with.
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