Web sites like Slickdeals and banking forums are abuzz about Chase’s relatively generous $125 cash bonus for anyone who signs up for a new personal checking account using the promo code.
These resources are distributed in areas where a Chase branch is nearby, and to people who have recently moved into new apartments and homes. At this time it appears that “transferring” the coupon to a friend or family member is prohibited; so if you get a coupon in the mail you should use it yourself.
The details of the offer are surprisingly simple: open a Chase personal check account, present the promo at the time of opening (or start online off) , and a one-time $125 bonus will be credited to your account ten days following your first direct deposit into the new account. Direct deposit can come from your employer, another account, and so on.
Chase says they will waive all fees as long as you have a minimum opening deposit of $100 US, at least 5 debit card transactions per month or at least one direct debit make a deposit transaction every month in your account.
So basically this is a relatively hassle-free and easy way to do for $125 with just five minutes of effort. As far as I can tell, the promotion doesn’t seem to have much in the way of fine details or red tape; appears legitimate.
Remember that you are eligible to actually receive the promo in the mail; using a friend’s coupon for trouble or termination offers you. Also remember to make at least 5 business card payments each month so that no maintenance fees are imposed.
Switching to Chase is something I’ve been thinking about doing for a while, because they have a major bank in New York City; , which rarely pays ATM fees. This $125 bonus offer convinced me; I plan to visit my local Chase branch on Broadway first thing tomorrow morning before work.
The promotion ends on March 31, but from searching online, I see that Chase has previously offered a similar promotion. for $100 — so it’s entirely possible that a new similar promotion will emerge in April or May. It is also possible, of course, that Chase will end its promotion altogether.
For New Yorkers, switching to Chase probably makes more sense than in other areas, simply because of the presence of heavy machinery (as mentioned earlier). This presence is convenient for the bank brand with two advantages: 1) they do many pants in NYC and 2) a bank machine in every Duane Reade in the Manhattan area (Duane Reade is the largest and busiest chain of pharmacies in the city).
With non-banking bank fees from $2 to $4, not adding $2 or more banking for non-banking Business machine banking a> makes sense to control the number of expensive devices you start. This is another reason why I think the $125 promotion is successful in persuading New Yorkers to switch banks or at least put some money into Chase. About 5 debit card transactions per month sounds like a bit of work ( you’ll have an account to use), but it hardly seems draconian or unreasonable that $125 is deposited in a reasonable amount of time (some banks and
