Chase is offering a $100 bonus for new Chase Secure Banking℠ customers! Learn more about this Chase checking account and how to qualify for the $100 bank bonus!
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Overview of Chase Secure Banking Account
Chase Secure Banking is a second-chance checking account created for people with bad financial history.
It provides you with an opportunity to establish a traditional banking relationship with one of the most recognizable names in banking while removing a couple of features that may tempt people to overspend.
Chase Secure Banking customers don’t have access to:
- Overdraft Protection – you can only spend what you have in your Chase account
- Paper Checks – you can use your Chase debit card to make payments instead
This particular Chase checking account is ideal for consumers who had problems maintaining a checking account in the past and young people just starting out on their financial journey.
Chase Secure Banking $100 Checking Bonus
Everyone loves free money so Chase wants to help people get started by providing a sign-up bonus!
The Chase Secure Banking has a promotion that will give people a $100 bonus when they complete the following steps:
- Open a new Chase Secure Banking account, which can be done online or at a Chase branch. If you’re opening it at a branch location, make sure you request a coupon on the sign-up page.
- Complete at least 10 qualifying transactions within 60 days after account opening.
A qualifying transaction includes:
- debit card purchases
- online bill payments
- Zelle transactions
- Chase QuickDeposit
- ACH credits
Ninja Note: Direct Deposits don’t count as a qualifying transaction for this sign-up bonus offer.
The bonus will be deposited into your Chase Secure Banking account within 15 days of completing both requirements.
How Do I Get The $100 Bonus?
Click the above link to reach Chase’s landing page for this promotion. You can either:
- Apply online directly through the link or
- Enter your email address to have an offer coupon emailed to you and bring it to a Chase Branch
Am I Eligible For The $100 Bonus?
You are eligible for the $100 bonus if you’re considered a new Chase checking account customer, which means:
- You don’t have an existing Chase checking account or closed one within the last 90 days
- You haven’t received a new checking account opening related bonus in the last 2 years
- You didn’t close a checking account with a negative balance within the last 3 years
If you satisfy those three conditions, then you can take advantage of this bonus offer.
What Are The Offer Details?
Household Limit: None
Direct Deposit Required: No
Monthly Fee: $4.95
Early Account Termination Fee: Must keep the account open for 6 months or you’ll forfeit the bonus
What Are The Fees?
The Chase Secure Banking checking account has a monthly service fee of $4.95, which will be deducted from your account balance.
Unlike other Chase Bank offers, there’s no way to waive this monthly fee, but this simple fee includes the following benefits:
- No minimum deposit to open
- No fees for Chase Online Bill Pay or to send money
- No fees on money orders or cashier’s checks
- No overdraft fees to worry about as the account doesn’t allow to go spend over your cash balance
- Access to 16,000 ATMs, more than 4,700 branches, the Chase Mobile app and Chase Online
- Access to your free credit score and alerts to help you identify fraud
For information on other miscellaneous fees, read this PDF document that details everything you need to know about the Chase Secure Banking account.
The Bottom Line
For those who made a few mistakes financially, the Chase Secure Banking account is a good way to establish a relationship with a premier bank. The $100 bonus is also a nice little cherry on top.
I recommend the Chase Total Checking® account instead for people with a better track record. That account comes with more features and you can waive the monthly fee in a number of ways. It also comes with a higher $200 bonus offer (Chase had a $600 offer at one point, but that offer has expired).
I’ll include this in the list of bank account opening bonuses.