Chase Sapphire Banking $1,000 Bonus For New And Existing Customers

Ready for a BIG bonus? Chase is offering existing and new customers $1,000 to upgrade or open a new Chase Sapphire Banking checking account!

I’ve been a Chase customer for over 10 years because they are one of the largest, most reputable banks in America. In addition to being a banking client, I also have their Chase Sapphire Reserve and Chase Ink Business Preferred, two of the best premium personal and business credit cards available due to their unreal benefits.

Now, Chase also has leveled up their banking game by launching the Chase Sapphire Banking account. If you have a chunk of money available, this is the biggest bank bonus ever!

Chase Sapphire Banking $1,000 bonus landing page

What is Chase Sapphire Banking?

Chase Sapphire Banking is a premium checking account that was introduced in 2019. It’s part of their Sapphire product line. Features and benefits include:

  • No fees on ATMs worldwide, including refunds on fees charged by non-Chase ATM owners
  • No fees on everyday banking, including foreign exchange fees, outgoing wire transfers and stop payments
  • Higher ATM limits with the Sapphire Banking debit card
  • Access to Sapphire lounges at concerts, sports and special events, early ticket sales and premium seats
  • Advice from Chase’s specialists in banking, home lending and small business

Where do I enroll in the Chase Sapphire Banking bonus?

Direct Link

Ninja Update 8/9/21: The $1,000 offer has expired and is no longer available on any site. I have a list of the best bank bonuses currently available on this page.

I’ll update the post if this specific Chase bonus comes back. I’m also working to get a different Chase personal checking account promotion for my readers – stay tuned!

You can enroll two different ways; either enter your email address so Chase can send you a code to print out and bring it to a local branch or apply directly online with the coupon code automatically connected to your application.

Two ways to get the Chase Sapphire Banking bonus offer

Who qualifies for the Chase Sapphire Banking bonus?

The offer is open to the public and you can either be an existing Chase bank customer upgrading to the Sapphire Banking account or a new customer opening a Chase Sapphire banking account for the first time.

However, if you currently have a Sapphire Banking account or you’re a Chase Private Client customer, you won’t get the bonus. Also, you’re not eligible for the bonus if you’ve gotten this specific bonus before in the last 12 months.

I emphasized specific because other Chase checking and savings account bonuses you may have done don’t count against this one.


What are the details?

In order to get the $1,000 bonus, you need to:

  • Within 45 days of account opening, transfer $75,000 or more qualifying new money or securities to Chase and maintain that balance for 90 days

You don’t need to transfer all of the money into the Chase Sapphire banking account. It can be a combination of that account and other eligible accounts you have at Chase:

  • Eligible Accounts: personal checking, savings, J.P. Morgan investment accounts (You Invest Brokerage and accounts opened in a Chase branch and serviced by a J.P. Morgan Private Client Advisor or Financial Advisor).

Availability: Public offer
Expiration: 04/27/2020
Household Limit: None (everyone in your family can get the bonus!)
Direct Deposit Required: Yes, $75,000
Early Account Termination Fee: None, although normally Chase claws back the bonus if the account is closed within 6 months, but it’s not clear if it’s also the case here

Avoiding Fees

The Chase Sapphire Banking account charges a monthly fee of $25 a month. You can waive this fee by maintaining a monthly average balance of $75,000 or more in your various Chase accounts.

This isn’t an issue if you’re doing the bonus because you need to keep at least $75,000 in it anyways.

The Bottom Line

Previously, Chase offered a $750 bonus for opening this account, so this is an extra $250. They have also offered 60,000 Chase Ultimate Rewards points in the past as well (which is worth around $1,000 too depending on how you use the points).

If you’re not into the points game, then this $1,000 bonus is clearly a superior offer. As far as strategy goes, keep in mind you can do this bonus once every 12 months. You can do other Chase bank bonuses once every 24 months.

Again, Chase considers these to be separate types of bonuses so you can do both and they’re on separate clocks. In other words, doing this bonus doesn’t make you ineligible for the other Chase checking/savings bonuses.

All in all, although the transfer requirements are higher than usual, this is a hefty bonus that’s worth doing!

8 thoughts on “Chase Sapphire Banking $1,000 Bonus For New And Existing Customers”

  1. I just opened an investment account and was told about the $1000 bonus. But I need a code number to activate it.

  2. Provide me with a coupon to open sapphire account to collect $1000 bonus after 90 days having $75,000 in that new account, please.


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