Chase is offering a $600 bonus for opening up a checking and savings account. This is one of the best bank bonuses that you can take advantage of. We recommend you do this whenever you become eligible.
Chase $600 Checking and Savings Account Overview
Chase has brought back an incredible promotion right now that gives you a chance to get up to $600 in bonuses.
This is open to the public and ends in a couple of months, but don’t wait until the last minute! Sometimes they pull the offer before the expiration date, so I would jump on it if you’re interested.
The current offer summary:
- Get $300 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!
Where do I enroll?
You can enroll directly at the promotion page Chase has set up for this special offer:
Ninja Update 7/12/21: Both the $500 and $600 offer is no longer available on any site. There is other bank bonuses available at this page. I’ll update this post when the higher bonuses are back (which at this point is anyone’s guess).
Ninja Update 11/18/20: A $500 version has appeared! Similar details – see this post to apply.
Ninja Update 10/10/20: Offer has expired. We’ll post the new link when the next $600 bonus offer comes around.
Ninja Update 8/5/20: The latest $600 offer has appeared – good through 10/1/20.
Who qualifies for the Chase $600 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).
You also can’t be a current customer for the specific account you’re applying to.
Related:
- $600 Citizens Bank Checking and Savings Bonus
- $400 Wells Fargo Checking Account Bonus
- $200/$1,000 Capital One 360 Savings Account Bonus
- What Counts As A Direct Deposit When It Comes To Bank Sign Up Bonuses
What are the details?
Availability: Nationwide
Expiration: 10/1/2020
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)
Early Account Termination Fee: Must keep the account open for 6 months or you will forfeit the bonus
The Chase $600 bonus is broken up as follows:
- Checking Account: Receive a bonus of $300 when you open a Chase Total checking account with $25 or more 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
After you have completed all requirements, Chase will deposit the bonus due within 10 business days.
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.
Avoiding Fees
The checking account has a monthly fee of $10-12 and the savings account has a monthly fee of $5, both can be waived if you do ONE of the following:
Checking Account:
- Keep a minimum daily balance of $1,500 or more
- Keep an average daily balance of $5,000 or more in all your qualifying Chase accounts combined
Savings Account:
- Keep a minimum daily balance of $300 or more
- Have at least 1 repeating automatic transfer of $25 or more from your Chase checking account (one-time transfers do not count)
- 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
- 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.
- 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.
The Bottom Line
This is the best promotion Chase has offered to the public.
In the past, you could have done this every year, but since it got so popular, they have increased the time required between receiving bonuses to every two years.
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 $300 for putting $25 in and having one direct deposit is easy breezy, lemon squeezy.
I’ve done this for all 4 of my family members – it’s an easy $2,400 in free money!
The “direct deposit” requirement was hard for me to figure out! I tried so many things that did not work: zelle, venmo, bank transfer, xoom transfer, a payment from my business checking account, a real-time transfer, merchant payment, paypal transfer…
What finally worked for me was paying the $25 monthly fee on my Business checking account and sending money (I did not see a minimum) via ACH. It did take 7 business days to show I met the requirement.
You would think but they would take care of their existing customers I’ve been a customer for 30 years
Hi. Why did you delete the chase $225 promotion page? The link to this page does not work. I just really wanted to take part in this action. Please tell me where to send the transfer to the chase, so that it counts it as a direct deposit? It’s just that on your page with information about direct deposit, I saw methods that are definitely not relevant anymore. Can you please tell me what will work for sure now? And please sorry for my bad english
Victor, what link are you referencing? The $225 link at the beginning of the post works for me…
Hi. I saw in your article a link to chase 225 page, and decided that it was a link to another your article, and just now I noticed that this is a link to the page of the promotion itself. Sorry. But please tell me why should I send money to the chase so that it counts it as a direct deposit?
https://themoneyninja.com/what-counts-as-a-direct-deposit-when-it-comes-to-bank-sign-up-bonuses/
Let’s just say it says that you can send via Transferwise. But I know for sure that this demand is no longer working, as in Transferwise p2p. Please tell exactly the current method
Hi, could you provide me a coupon code
I put my email several times on the link but I didn’t get any email from chase …
I just recently found out. PNC bank does not accept my direct deposit from CA unemployment after did all the requirements
They are the only bank I came across who has this issues.
I even went through the trouble report them their faults advertisement, illegal unfair competition practice to CFPB.
Hope more people will report them.
Be aware ! Caution.
I’m waiting for the $500/$600 offer to come back but also waiting for another Sapphire banking bonus as well.
Will getting the $500/$600 bonus disqualify me for potential future Sapphire bonus? or are they separate products and can get both?
Separate bonuses – you can do both! They’re on different bonus system calculations.
Thanks for this info site!
If we “like” (heart) an article, do we get automatic email updates? Or do we have to sign up for all emails? (I just want to follow certain subjects like when Chase brings back the $600 bonus.)
Please advise.
Hi SD!
If you “heart” an article, it just saves it to your profile so you can reference it in the future. There are no emails associated with the heart. If you want to receive my newsletter, you can use one of the forms that show up on every post.
It’s a general email with a roundup of the deals. I don’t spam my readers – expect to receive 1 email a month (2 max).
Thank you! Sounds great – But, do you sell or share (in any way) the email address with any others?
I do not sell or share your email address is any way whatsoever (nor do I intend to in the future). It’s strictly for you to get the newsletter written by me 🙂
I’m interested in switching to a Chase checking account but have no real urgency. Am I better off waiting for a higher bonus instead of the $200 they are offering right now, assuming $200 is one of the lower bonuses?
The $500 and $600 bonuses have come quite often in the past – I think there were a handful of them (4-5) in 2020. That being said, it’s up to Chase gods. We haven’t seen anything yet this year and we’re 1/4 of the way through.
I have been wanting to get into this” free” extra money but I am hesitant… it has to be a downside… what about your credit? Score? Report? Would it look ok to have so many accounts opened and closed in such a short time?!?
thanks
Hi any new bonus coming up that you know of
Hi Deb. There’s a $200 bonus available if you don’t want to wait for the higher offer. I just added it – the link is at the very top of this post.
Is there a way to avoid the first monthly fee for both accounts while waiting for the funds to transfer to meet the minimum?
There’s a grace period before they start charging you the monthly maintenance fee. Sorry for the delay in responding. How is everything working out with the bonus?
Please help me open a savings account
Is there something specific you were wondering about, Maria?
Hello – The above link to enroll is giving me a chase message saying I am not authorized to view the page. Any chance there’s an updated link to share?
Hi Melissa – the $600 bonus has ended. Once Chase makes it available again, I’ll definitely update the link as I always do. Have you looked at the other bank bonuses available on this site?
I saw the offer for the $500 bonus. Does this mean my husband and I can each open separate checking/saving accounts and each get the $500 bonus?
Yes, absolutely. Be sure to open separate accounts though (no joint accounts).
How do I go about getting both the Chase checking and savings bonus? I think I read if you already have a Chase Checking (I don’t) you can’t get the Savings account bonus. Is there a way to sign up both at the same time?
I believe you can get the savings bonus and checking bonus separately – you just won’t get the extra bonus for doing both.
The application process will open both accounts at the same time though. Early in the process it will give you this choice.
do you know when the next600$ signup bonus will be?
currently they have a $500
Chase doesn’t announce when they will have the $600 again. When they do have a link for it, I’ll be sure to update this post! For now, I’ve included the $500 version for those that don’t want to wait.
I need it to move with
Money Ninja, one correction. In the grey update box, “Ninja Update 11/18/20” should read “Ninja Update 10/18/20” (i.e., “10” instead of “11). Thanks for the good content.
Thanks Sunil – I fixed it!
Fidelity didn’t work for me as a push to Chase, for either $10 or $1000. Think I might try transferwise.
Any updates Jl100? I’ve been hearing reports that Fidelity is no longer working with Chase and wanted to confirm with you.
Chase College Checking eligible for this?
No, only the checking accounts listed in the post are eligible.
Hey Money Ninja, I was looking for the $600 bonus coupon code but I can’t find any link. Any idea where can I get it or any other offer at Chase or any other bank that I can use ?
Hi Moni,
Unfortunately, both offers from Chase (this $600 bonus and another $500 bonus) just expired a couple of days ago. They usually offer it again after a few weeks so you can check this post later for an updated link.
There are a ton of other bank bonuses available though and we have them on our site. Check this Santander $400 bonus for example: https://themoneyninja.com/santander-400-checking-bonus/
Thanks Money Ninja. I looked at Santander offer but I do not qualify as I don’t live in the eligible states. I even looked into Citizens bank 600 bonus offer but that seems to me over on 1 Oct as well. Let me know if Chase or Citizens or any other banks offer comes back. I will follow this thread ! Thanks
Will do – thanks for following us. What state do you live in? Maybe I can recommend other bonuses that are currently available.
Thanks money ninja! Waiting for the big chase offer to come back. It’s been a while. Hopefully it will come back soon! 🙂
Where is the Link for this Offer?
Jeanette – look for the link under the subtopic, “Where do I enroll?” section of the post.
I’m having trouble triggering the direct deposit for Chase Bank. I tried Acorn, Amazon payments and Pen Fed. I’m afraid that I’m going to lose the sign up bonus. I read the Capital One 360 didn’t work recently too.
Hi Catyanna,
I don’t have data points on Acorn, but a lot of people reported PenFed working. I’ve personally used Fidelity and Santander before and they both worked.
How long since you pushed payments to Chase? I ask because the bonus doesn’t post immediately.
i have referred people in the past. all i get is a postcard saying “thanks”. but i’m willing to do it again
I have existing Chase checking and saving. Am I qualified for this promotion? Thanks
Hi Tran. You won’t be eligible as an existing account holder or if you’ve closed the account in the last 90 days.
Most people in your situation just close both accounts, wait the 90 days, and then apply for the savings and checking accounts again to receive the bonus.
Hi, I opened checking and saving account And qualified for the 600 bonus, how much is the minimum direct deposit?
There is no minimum direct deposit. You can do a DD for any amount and it will count.
I deposited $10 and it worked.
The info says that the offer is good through 7/2, but I tried it and keep getting an “Oops” page. Any idea on an updated link?
Thanks!
Hi Kari,
Thanks for alerting me to this. It seems that Chase pulled the offer a day early. They usually give a new link within a few days and I will definitely update it when they do.
So hang tight! You can also complete the other bank bonuses we list on this site. Have you done the others?
TMN
Thanks so much. I’m reviewing some of the others, but I’m excited for this one because my credit cards are Chase, and I’d like the ease of banking under one roof.
Totally get it, I’m the same way! I use Fidelity for everything to make life easier.
For bank bonuses, I usually open the account, get the bonus, cancel the account, wait until I’m eligible again, and repeat the bonus process. To me, $300-$600 is worth the small effort.
Welcome to the site, Kari. Hope you find it useful for your personal finances. Not sure how you found us, but glad you’re here and commenting!
Hi Kari – it’s back!
Adding a DP for Chase:
5/21/20 opened chase total checking
5/28 pushed $25 from TD Ameritrade (coded as ACH PPD)
6/2 $200 bonus posted
Does Robinhood still work on Chase bank because I’ve heard mixed reports?
Hey Philip, Robinhood has been working for Chase for some time and I haven’t heard it not working. Where are you hearing that people are having trouble?
Datapoint
5/18 – Opened
5/20 – Pushed $501 from PenFed (received direct deposit notification)
5/26 – $300 bonus pending in account.
Thanks for the DP!
got all $600. $200 posted a little over the 2 month mark and the other $400 came after 3 months.
Nice! Enjoy the free money!
I received my bonus last Friday. I deposited the required amounts through Fidelity by connecting my Fidelity account to Chase and doing an electronic transfer initiated from the Fidelity account.
Just finished my deposits and waiting for the bonus to show up. I can’t believe I have been signing up for bank accounts for things like a free beach blanket……
all bank bonuses are taxable as interest. think of the bonus as interest you normally earn from your accounts.
Anyone know when you become a new customer again? I know it’s 24 months, but is it 24 months after you opened an account or 24 months after the bonus gets posted or 24 months after you close the account?
2 years from enrollment date abiding to the application details
can i open a new checking account with my current bank routing #@ account #?
Hi Kellie,
I’m not sure what you mean? You can open a new checking account and fund it with an existing checking account if that’s what you were asking.
I got a 1099 for this? Did anyone else?
Of course you will get a 1099-INT. Chase says so in its fine print terms. Besides which, IRS treats all bonuses of this kind as interest, which they are, because they are payments to you for the use of your money over time.
Bonus posted.
Kaching!!! (another bank bonus)
I heard Chase is cracking down on both push and pull methods. No hard data, but wondering if anyone else heard anything with Chase Bank?
I was reading in the information section the direct deposit should be a paycheck, pension, or government check, ex. Social Security. Is my understanding correct?
Yes, but you can also send a transfer from another bank account to your new Chase account. Those will also work. See this post: https://themoneyninja.com/what-counts-as-a-direct-deposit-when-it-comes-to-bank-sign-up-bonuses/
Is there an updated link? I know Chase offers this all the time, but they keep changing the offer’s landing page.
I just updated the link. The $600 offer expired, but I suspect Chase will offer it again as they have in the past. There is a $350 one that is available right now though if you don’t want to wait.