Open Account or Upgrade to Chase Private Client for $2,000 Bonus

Chase is offering a huge bonus of $2,000 when you upgrade your account to Chase Private Client. This account needs a balance of $250,000 or more, so this is not a deal for everyone. It is a big improvement from the previous $1,250 bonus, but still has a huge balance requirement that makes it prohibitive for most people.

Update: This offer is back again and valid through January 25, 2023. You can see the offer here (open in incognito).

Offer

Save time and money with better banking benefits and special services, plus a $2,000 Welcome Bonus. Here’s how to get started:

1. Meet with a Private Client Banker to upgrade your account to Chase Private Client, or open a new Chase Private Client account.
2. Within 45 calendar days, transfer a total of $250,000 or more in new money to a combination of eligible checking, savings and/or investment accounts (excludes any You Invest, J.P. Morgan retirement accounts and CDs), and maintain the balance for at least 90 days.
3. Your $2,000 will be deposited into your account within 10 business days.

There is a $35 Monthly Service Fee for Chase Private Client Checking OR $0 when you have at least one of the following each statement period: an average beginning day balance of $150,000 or more in any combination of this account and linked qualifying deposits/investments OR, a linked Chase Platinum Business Checking account.

PROMO PAGE

Offer Terms

• Offer not available to existing Chase Private Client customers.
• Ineligible accounts: any You Invest accounts, Certificates of Deposit, insurance products; fixed and variable annuities; 529 College Savings Plans; any retirement accounts such as Traditional and Roth IRAs, Keogh, Simple IRAs, and 401(k) Plans.
• After you have completed all the above requirements, we will deposit the bonus in your existing Chase Private Client Checking account within 10 business days.
• You can only participate in one Chase Private Client Checking, Sapphire Checking or You Invest new money bonus in a 12 month period.
• Coupon is good for one time use.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
• Account must be kept open for 6 months, otherwise bonus could be taken back.
• This bonus will be considered as interest, so you have to pay taxes.

Guru’s Wrap-up

This deal is now a little better for those who have the money to go for this offer. You Invest accounts would have been a good option to meet the balance requirement. But are excluded in the terms of the offer.

If you keep the $250K in the account for exactly three months, you get a 3.20% return. That’s much better than you can get anywhere else right now with rates falling.

The best way to go about this bonus is to do the $500 offer first. Then, upgrade and go for this Chase Private Client $2K bonus.

If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.

HT: DoC