Chase Sapphire Banking $1,000 Bonus

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

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

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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 one of the biggest bank bonus ever!

Chase Sapphire Banking $1,000 bonus landing page
(Image from Chase Bank)

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?

Ninja Update 2/17/23: This offer is no longer available, but there’s a better and bigger bonus by opening a Chase Private Client Checking account.

There are two ways to enroll on the landing page of the promotion; you can enter your email address and get a coupon code to bring 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
(Image from Chase Bank)

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: Nationwide
Expiration: 4/27/20
Household Limit: None
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!

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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Mary B. Austin
Mary B. Austin
2 years ago

Interested in the $1,000. Bonus with Chase

Mary B.Austin
Mary B.Austin
2 years ago
Reply to  Mary B. Austin

Yes I am interested how do I get it.

Mary B. Austin
Mary B. Austin
2 years ago
Reply to  Mary B. Austin


1 year ago
Reply to  Mary B. Austin

Do you have a Coupon Code for a $1000 Bonus Points for Saphire Checking Saving Credit Card

F Milch
F Milch
3 years ago

I plan to open an investment account too. How do you get a code for the $1000?

Raymond Barney
Raymond Barney
3 years ago

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

Maly Rudick
Maly Rudick
3 years ago

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