Chase $500 Checking + Savings Bonus

Chase is offering a $500 bonus for opening up a checking and savings account. This is one of the best bank sign up bonuses available! I recommend you do this if you’re eligible.

For more current bank offers, see our bank bonuses page. The most popular offers are from Chase BankSoFi, KeyBank, and Axos Bank.

This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

Chase $500 Checking + Savings Account Overview

Ninja Update: The $500 offer has expired and is no longer available. However, there’s a $200 Chase checking account bonus (see this post for details) that you can get right now!

Chase is offering a new promotion that pays you up to $500 in bonuses:

  • Get $200 with a new checking account and another $200 with a new savings account with qualifying activities. Plus, get an extra $100 bonus when you do both!

It’s available online nationwide and I recommend for you to jump on this as soon as possible.

Although the expiration date is listed as January 15 for this Chase $500 bonus, they are known to end offers early and without warning, so I would get do this earlier than later if you’re interested.

Chase $500 checking + savings bonus pop-up offer
(Image from Chase Bank)

Where do I enroll?

You can enroll directly at the promotion page Chase has set up for this special offer, linked below:

Who qualifies for the Chase $500 bonus?

Everyone is eligible for one checking bonus and one savings account opening related bonus every 2 years from the time you last received a bonus from Chase.

That also means if you had a checking bonus from Chase in the last 2 years, but never opened a savings account, you can get the bonus for the savings (and vice versa).


What are the details?

Availability: Nationwide
Expiration: 1/15/2021
Household Limit: None (everyone in your family can get the bonus!)
Direct Deposit Required: Yes, any amount for checking account (see what counts as a direct deposit)
Soft/Hard Pull: Soft
Early Account Termination Fee: Must keep the account open for 6 months or you will forfeit the bonus

The Chase $500 bonus is broken up as follows:

  • Checking Account: Receive a bonus of $200 when you open a Chase Total checking account and have a direct deposit within 90 days of account opening
  • Savings Account: Receive a bonus of $200 when you open a Chase savings account and deposit $15,000 or more within 20 days of account opening and maintain a balance of $15,000 for 90 days
  • Extra Bonus: Receive an extra $100 bonus for completing both account bonuses

Ninja Note:

For the savings account bonus, I recommend depositing the $15,000 by writing a check out to yourself from a checking account you have at another bank. Then use mobile deposit or deposit the check at a physical Chase branch. It appears as though electronic bank transfers for an amount that large triggers a security alert with Chase and it’ll take a call to their customer service to clear warning – you can avoid the hassle with a check deposit.

For the checking account bonus, I recommend having a real direct deposit of any amount to trigger the bonus. In the past, there were many other transfers that counted as a direct deposit, but it seems like it hasn’t worked with Chase very recently.

You can either apply directly online, or enter your email address and Chase will send you a coupon which you bring with you to a Chase branch.

Chase Bank bonus account opening options
(Image from Chase Bank)

Avoiding Fees

The checking account has a monthly fee of $12 and the savings account has a monthly fee of $5, but both can be waived if you do ONE of the following:

Chase Total Checking Account:

  • Have monthly direct deposits totaling $500 or more made to this account; OR
  • Keep a balance at the beginning of each day of $1,500 or more in your checking account; OR
  • 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

Chase Savings Account:

  • A balance at the beginning of each day of $300 or more in this account; OR
  • Have $25 or more in total Autosave or other repeating automatic transfers from your personal Chase checking account or Chase Liquid Card (available only through or Chase Mobile); OR
  • Have a Chase College Checking account linked to this account for Overdraft Protection; OR
  • Have an account owner who is an individual younger than 18; OR
  • Have a linked Chase Better Banking® Checking, Chase Premier Checking, Chase Premier Plus Checking, Chase Sapphire Checking, or Chase Private Client Checking account

Terms & Conditions

Here’s the fine print. I covered all the relevant items you need to know in this post, but this is Chase’s legal language if you’re interested:

  • Checking offer is not available to existing Chase checking customers.
  • Savings offer is not available to existing Chase savings customers.
  • Both offers are not available to those whose accounts have been closed within 90 days or closed with a negative balance.
  • To receive the $200 checking bonus: 1) Open a new Chase Total Checking account, which is subject to approval; AND 2) Have your direct deposit made to this account within 90 days of account opening. 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 Chase Quickpay with Zelle) are not considered a direct deposit.
  • After you have completed all the above checking requirements, we’ll deposit the bonus in your new account within 10 business days.
  • To receive the $200 savings bonus: 1) Open a new Chase Savings account, which is subject to approval; 2) Deposit a total of $15,000 or more in new money into the new savings account within 20 business days of account opening; AND 3) Maintain at least a $15,000 balance for 90 days from the date of deposit.
  • The new money cannot be funds held by you at Chase or its affiliates.
  • After you have completed all the above savings requirements, we’ll deposit the bonus in your new account within 10 business days.
  • To receive the extra $100 bonus: You must open the checking and savings account at the same time and complete all requirements above for BOTH the checking bonus and savings bonus.
  • After you have completed all requirements, we will deposit the remaining bonus due in your new checking account within 10 business days.
  • You can receive only one new checking and one new savings account opening related bonus every two years from the last enrollment date and only one bonus per account.
  • Coupon is good for one-time use.
  • Bonuses are considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).
  • If either the checking or savings account is closed by the customer or Chase within six months after opening, we will deduct the bonus amount for that account at closing.

The Bottom Line

Chase’s standard checking and savings account bonus is $600, but the latest offer for that amount has recently ended.

This is same exact offer pretty much, except the checking bonus is $200 instead of $300. This makes the overall bonus $500 compared to $600 previously offered.

All in all, it’s still a very generous sign up bonus that ranks at the top of the best banking bonuses currently available.

The savings account’s requirement of leaving $15,000 in there for 3 months may be difficult for some people to do, but everyone should at least be opening up a checking account. Getting $200 for having one direct deposit is easy breezy, lemon squeezy.

About John Pham

John Pham is a personal finance expert, serial entrepreneur, and founder of The Money Ninja. He has also been fortunate enough to have appeared in the New York Times, Boston Globe, and U.S. News & World Report. John has a B.S. in Entrepreneurship and a Masters in Business Administration, both from the University of New Hampshire.

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Valery Montalbano
Valery Montalbano
3 years ago

Please send coupon code for premium savings account to my e-mail.
Thank you

Jaesuk Seo
Jaesuk Seo
2 years ago

could you send me a code for premium savings account to my e-mail?

3 years ago

I have an email offering a $500 total checking + savings. Good through 4/14/2021. Maybe it is a targeted offer?

3 years ago

The link seems to be broken, even though it says it should work until 2021. I see this message. “The website that you’re trying to reach is having technical difficulties and is currently unavailable.
We are aware of the issue and are working hard to fix it. Thank you for your patience.”

Going directly to Chase leads to different offers with smaller bonuses. How do we know this one is still good?

3 years ago
Reply to  OTK

The offer ended early. Ninja did warn that Chase tends to pull offers earlier than expected.

3 years ago

Bonus came in! I deposited $15,000 via mobile deposit of a personal check under my TD Bank account for the Chase savings and did a direct deposit of $10 by splitting my work paycheck for the Chase checking.

Adem Luzinski
Adem Luzinski
3 years ago

If my wife and I open checking and savings accounts under our trust, can we also open individual accounts and get the bonus x3 for the two of us?

3 years ago

Great article.
1 – Does a push transfer from Schwab to Chase work for the Chase bonus?
2 – How do you *know* if a push was unsuccessful? Is there any way to know, other than just not receiving the bonus after the deadline passes?

3 years ago

I can help you out. Around 24/7 with instant responses

taldir @ gmail

3 years ago

Hit me up for a referral! I reply near immediately!

3 years ago
Reply to  Ravi

Hey Ravi , I am looking for chase $500 bonus offer . I don’t have prom code or the link where I can get the promo code . Can you help me out for either chase or citizens bank

Justice Lee
Justice Lee
3 years ago
Reply to  Ravi


Millennial Peach
Millennial Peach
4 years ago

If it says ‘not available to existing Chase checking customers’ in the fine print, how do you qualify for it over an over? Do you cancel the checking/savings and re-apply?