Just received email from Chase. Looks like there is no DD required. AFAICT, the only requirement is to link the checking account to Chase biz cc and a min. $500 deposit.
Because you are a valued Chase Business Credit Card customer, we have an exclusive offer available just for you.
Get $200 when you open a qualifying Chase Business Checking account...plus: FREE Business Checking - Pay no monthly service fees on a Chase BusinessClassicSM Checking or Chase BusinessClassicSM Checking with Interest account when you have an active Chase Business Credit Card FREE access to over 14,000 Chase and WaMu ATMs nationwide FREE online banking and bill pay FREE voice and e-mail account alerts FREE Chase VISA® Business Check Card with Zero Liability protection¹ #1 ranked Chase.com² - Enjoy a broad range of online tools and services for your unique business needs with the #1 ranked online banking site for Small Business
IMPORTANT INFORMATION: FREE Checking means no monthly maintenance fee and includes up to 200 transactions per month on a Chase BusinessClassicSM Checking or Chase BusinessClassicSM Checking with Interest account. Other fees may apply. To qualify, business checking account must be linked to a Chase business credit card which balance must exceed $0 at least once during the current checking account statement cycle and the credit card must not be delinquent, closed, charged off, or revoked. All accounts are subject to approval. Linking for pricing purposes will not affect your statement and does not link accounts for overdraft protection. Overdraft protection must be requested by you.
¹ Zero Liability protection – Chase reimburses you for any unauthorized debit card transactions made at stores, ATMs, on the phone or online when reported promptly.
Message edited by: kslup on 2009-02-02 09:15:23 CST
The link doesn't even mention anything about the credit card requirement:
*Offer valid when opening a new Chase BusinessClassic SM Checking,BusinessClassicSM Checking with Interest, Advanced Business CheckingSM, Advanced Business CheckingSM with Interest, Commercial Checking, Commercial Checking with Interest account, or Chase BusinessPlus® Extra Checking account. Accounts are subject to account opening approval (interest bearing accounts are only available to sole proprietorships, non-profit,and government entities). A $500 minimum deposit is required into your new business checking account within 30 days of account opening. Initial deposit must be made with funds not held with Chase or its affiliates. Limit one business checking account related award/premium per customer, per calendar year. Offer not available on account conversions or in combination with any other offer. Cash bonus will be automatically deposited into your new Chase business checking account within 10 business days upon confirmation of the deposit requirement. Cash premium does not count towards the deposit requirement. Bonus is considered interest and will be reported on IRS Form 1099-INT.
I think the deal is open to all, but an active cc is required to avoid the monthly fee....
Also, offer is one per person, not one per household, so wifey can open her own account - an easy $400.
Message edited by: sethdallob on 2009-02-02 09:47:24 CST
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Message edited by: kslup on 2009-02-02 09:51:18 CST
Nice offer. I didn't recieve the email, and am wondering if anyone has tried to use it at a WaMu branch (no non-WaMu chase branches in eastern WA). Would appreciate a report back on this from anyone who can comment. TIA, and thanks OP.
DaveHanson said:Nice offer. I didn't recieve the email, and am wondering if anyone has tried to use it at a WaMu branch (no non-WaMu chase branches in eastern WA). Would appreciate a report back on this from anyone who can comment. TIA, and thanks OP. Same here. WAMU-eligible? I'm in CA; no Chase branches local.
Hey OP, did you click on the "get my coupon now" link in the email? I'm guessing it generates a one-time use code that is tied to your CC account.
DaveHanson said:Nice offer. I didn't recieve the email, and am wondering if anyone has tried to use it at a WaMu branch (no non-WaMu chase branches in eastern WA). Would appreciate a report back on this from anyone who can comment. TIA, and thanks OP.
Did you read the email?
It says "visit your local Chase branch or call 1-800-CHASE24 to open your acct". Why don't you give that number a call and report back.
Message edited by: IamN41 on 2009-02-02 11:36:14 CST
The link generates a unique code every one you flash the link. You just bring the print out to a branch to open a new business account (or call the number).
I did this last October. I went to a branch with the printout last time. Chase wanted to verify that I really had a business. So, I had to make a second trip and had to show them my 2007 tax return with schedule C (they did not make copy of my tax return). You cannot fund the account with a credit credit on branch. The bonus got deposited very very quickly (within days of initial deposit).
DaveHanson said:Nice offer. I didn't recieve the email, and am wondering if anyone has tried to use it at a WaMu branch (no non-WaMu chase branches in eastern WA). Would appreciate a report back on this from anyone who can comment. TIA, and thanks OP.
OK, I'm in WA state also. I just called the number and CSR said for WA residents (and I would assume CA residents also if they don't have a local Chase branch) we need to open the acct at www.chase.com. Apparently there is a place on the application to enter a coupon code.
Update: I tried to open an acct online and got the error message "service not available for zip code you entered". Called Chase again. CSR says, "you can't open a business checking acct with Chase in WA state yet because WaMu is not fully integrated into Chase".
That was a fun mini-wild turkey chase. Get it? wild turkey Chase?
Oh man, I crack myself up.
Anyway, thanks OP, its a great deal for those that can get it.
Message edited by: IamN41 on 2009-02-02 12:01:52 CST
IamN41 said:CSR says, "you can't open a business checking acct with Chase in WA state yet because WaMu is not fully integrated into Chase". Well maybe they can get their act together by, oh, say . . . March 28, 2009? Great find OP. Green.
TYTBUDGET
Message edited by: TYTBUDGET on 2009-02-02 12:16:08 CST
kslup said:The link will generate a different code every time you click, just like mimi6789 said. Thank you mimi6789 for sharing your experience.
Of course I read the email I wanted to visit the branch and deposit the $500 in cash.
How would one deposit the $500 if you call to open the account? Can they do debit car?
They send you a signature card which must be signed and returned along with the $500 opening deposit. It can be returned by mail, or you can drop it off at any Chase branch office.
kslup said:I have searched but did not see this posted.
................
¹ Zero Liability protection – Chase reimburses you for any unauthorized debit card transactions made at stores, ATMs, on the phone or online when reported promptly.
Do we need to bring them some paperwork about the business? Can we open the account online?
I didn't get the email so couldn't read it, but the QS says "branch only", which is what I was assuming was corrected. Perhaps someone with the full email (the number isn't in the OP as of now) could correct the QS.
I didn't get the email so couldn't read it, but the QS says "branch only", which is what I was assuming was corrected. Perhaps someone with the full email (the number isn't in the OP as of now) could correct the QS.
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Great find OP. Green.
