Update 7/18/20: Deal has been extended until 10/09/2020. Probably still worth waiting for the $500 bonus to return.

Maximum bonus amount: $300

$300 Availability: Nationwide (not truly nationwide as not all states have branches)

Nationwide (not truly nationwide as not all states have branches) Direct deposit required: None

None Additional requirements: Deposit $1,000 & maintain it for 60 days. Complete five qualifying transactions

Deposit $1,000 & maintain it for 60 days. Complete five qualifying transactions Hard/soft pull: Soft

Soft ChexSystems: No

No Credit card funding: Not available when opening in branch

Not available when opening in branch Monthly fees: $15, avoidable

$15, avoidable Early account termination fee: Six months, bonus forfeit

Six months, bonus forfeit Household limit: None

None Expiration date: December 22nd, 2017 February 22nd, 2018 May 21st, 2018 June 28th, 2018 October 2nd, 2018 November 19th, 2018 February 21st, 2019 April 8th, 2019 June 3, 2019 August 8th, 2019 November 21, 2019

The Offer

Direct link to offer

Chase is offering a bonus of $300 when you open a new Chase Total Business checking account and complete the following requirements: Deposit $1,000 in new money within 10 business days & maintain that balance for 60 days Complete five qualifying transactions within 60 days of account opening. Qualifying transactions are: Debit card purchases Checks paid Chase QuickDeposit ACH (Credits) Wires (Credits)



The Fine Print

To receive the business checking bonus: 1) Open a new Chase Total Business Checking® account, Chase Performance Business Checking® (or Chase Performance Business Checking® with Interest) account or Chase Platinum Business CheckingSM account, which is subject to approval; 2) Deposit $1,000 or more in new money into your new checking account within 10 business days of account opening; and 3) Maintain at least $1,000 balance for 60 days from the date of deposit. The new money cannot be funds held by Chase or its affiliates. 4) Complete 5 qualifying transactions within 60 days — debit card purchases, checks paid, Chase QuickDepositSM, ACH (Credits), wires (Credits). After you have completed all the above checking requirements, we’ll deposit the bonus in your new account within 10 business days.

You can receive only one new business checking account opening related bonus every two years from the last enrollment date and only one bonus per account

Checking offer is not available to existing Chase business checking clients, local, state or federal Government entities or agencies, Not for Profit organizations, Political Action Committees, or those with fiduciary accounts, campaign accounts, or whose accounts have been closed within 90 days or closed with a negative balance.

If the checking account is closed by the client or Chase within six months after opening, we will deduct the bonus amount for that account at closing.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Chase Total Business Checking $15 Monthly Fee

Chase Total Business Checking has no monthly fee when you maintain a daily minimum balance of $1,500 or more. Otherwise a $15 Monthly Service Fee will apply ($12 Monthly Service Fee when enrolled in Paperless Statements). This is the easiest account to keep fee free.

Other ways to waive the fee: if you maintain a linked Chase Private Client Checking or Chase Premier Platinum Checking personal account or if you are military/veteran. Reports indicate that Chase usually waives the fee for the first couple months.

Early Account Termination Fee

Accounts need to be kept open for a minimum of six months; otherwise, the bonus will be forfeited.

Bonus History

Our Verdict

Chase has offered bonuses of up to $500 on business checking accounts in the past. You can get one business checking bonus every two years now (used to be once per calendar). Keep in mind you also need to have keep your account open for six months. Because the $500 bonus is coming around frequently I won’t add this one to the list of the best business checking bonuses. Hurrying is less of an issue now with the two year language. But remember to decide for yourself if it makes sense to wait or not.

If you go in branch to open this account, it’s also worth asking if you have any pre-approved credit card offers, as these by pass the Chase 5/24 rule (more on these offers here).

Hat tip to rct12345

Useful posts regarding bank bonuses: