Update: A friend of mine just tried opening an account a few minutes ago and the coupon code wasn’t working.
We just learned today that Chase has extended its original offer to new businesses that ended on June 30th. The new extended deadline is September 13, 2016. The offer requirements are the same.
You can get $500 when you open a Chase Performance Business Checking account and deposit $500 within 10 business days of account opening, and maintain that balance for 60 days. You should probably deposit more than that, to account for possible monthly fees.
You also need to keep the account open for 6 months or the bonus will be forfeited. There’s no direct deposit requirement.
The offer was previously targeted but we can confirm that now you can get it when you go to this link and log in with your personal or business Chase account credentials. You’ll get a unique code each time you log in, which you can use to open the account in branch
Chase Performance Business Checking comes with a $20 monthly service fee. It can be waived if you maintain a combined average daily balance of $50,000 or more in linked business savings (excluding Client Funds Savings accounts), business CDs and other Chase Performance Business Checking accounts. That’s a large amount which would be impossible for some and would not make sense for others. You only need to keep the account open for 6 months, so even if you pay the fee, you come out with a nice bonus. Chase usually waives the fee for the first two months and you can also ask to be reimbursed when you first get hit with a monthly fee. So you should get more than $400 out of this.
A great point was brought up in the comments at DoC’s post. You might be able to downgrade the account after you receive the bonus. The Chase Total Business Checking account has a $10 monthly service fee which is waived with a $1,500 minimum daily balance. Most likely this will work, but there’s no data points yet.
Just like the personal checking account bonuses, it is not available to existing Chase business checking customers and those who have closed accounts within the past 90 days. You can still get this offer if you have a personal checking account.
- Log In Here With Chase credentials to get Offer Code (Apply in Branch)
- Account Type: Chase Performance Business Checking
- Availability: Nationwide
- Expiration Date: 9/13/2016
- Inquiry Type: Soft Pull
- Credit Card Funding: No
- Direct Deposit Requirement: No
- Other Requirements: Deposit $500 within 10 business days and maintain balance for 60 days
- Monthly Fee: $20 (waived with $50,000 daily balance)
- Closing Account Fee: Must keep open for 6 months