Get $200 to open Chase Business Checking Account for existing Chase Biz Credit Card

I have searched but did not see this posted.

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.

Linkie here

Dear XXX,

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.

So we have to keep a small balance on the CC? No big deal.
Hotness, I love these offers.

EDIT: Nm, guess it means we just have to have a balance for one statement. Then pay it off, nice.

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.

The way I read it, you need cc activity to waive monthly fee on biz checking account, but the offer seems open to all based on text on coupon itself.

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.

TYTBUDGET

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).

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?

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.

Thanks for checking IamN41.

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.

Can someone generate multiple codes and post them in the quicksummary for people to use, so users without the email can use them.

kslup said: Why don't you just click on the link I provided? It will work.
].missed that, thanks.

Im going to try this, doing the phonein app. Chase only has private bank offices in CA

Thanks OP.

Thanks! Easy $200.

called in to see what requirements were needed if opened over the phone and told would need to fax or send a copy of DBA Certificate and fed-id tax number. i opened the business card as a sole proprietership (as part of an AOR), so that makes the fed tax id my SSN. i have no idea if a DBA is required on a sole proprietership as well (he was reading the general instructions, not based on type of business). someone may want to call and double-check the answers.

might have to pay to get a DBA certificate for this deal to work.

I opened mine today in Boulder, Co. This is the second time I've opened a biz checking for $200. They did require me to get a DBA certificate however (they didn't last year). They pretty much did it for me in the branch and cost me $20. I also had to open a checking account and fund it with $25. I was told that there are NO FEES FOR THREE MONTHS, but then after that, it is $12 a month unless I have a minimum balance of $4,000 in the checking account or opened (or link an existing) business credit card.

They also gave me 4 referral codes which gives both people $25. PM me if you want one and WILL USE IT.

Thanks OP!

torchedlh said: I opened mine today in Boulder, Co. This is the second time I've opened a biz checking for $200. They did require me to get a DBA certificate however (they didn't last year). They pretty much did it for me in the branch and cost me $20. I also had to open a checking account and fund it with $25. I was told that there are NO FEES FOR THREE MONTHS, but then after that, it is $12 a month unless I have a minimum balance of $4,000 in the checking account or opened (or link an existing) business credit card.

They also gave me 4 referral codes which gives both people $25. PM me if you want one and WILL USE IT.

Thanks OP!

Are you using your own name and own SSN as a sole proprietership? If not, I could probably see a required DBA certificate from Chase.

torchedlh, did you close your first biz checking before opening the second one? Thanks

teammjs said:
Are you using your own name and own SSN as a sole proprietership? If not, I could probably see a required DBA certificate from Chase.

I tried to simply use my name and SSN but they wouldn't allow it. Like I said, they let me do it last time however.


mimi6789 said: torchedlh, did you close your first biz checking before opening the second one? Thanks

I had actually closed the account last summer due to the monthly service charges.

SUCKISSTAPLES said: kslup said: Why don't you just click on the link I provided? It will work.
].missed that, thanks.

Im going to try this, doing the phonein app. Chase only has private bank offices in CA

Crap - thanks for telling me this - I was going to drive 50 miles to the nearest branch in Covina, but it's probably not a branch. Looks like I'll have to drop in to my local Chase branch when I'm on business in Arizona.

Just want to report back that the $200 was just posted to my account.

I opened the account on 2/3/2009 and the bonus was posted on 2/10/2009

but, the mysterious credit card that was offered to me is not here yet, and better, I talked to a Chase credit analyst (was opening a new cc) and I asked about this mysterious cc, she said she is not seeing anything about a recently opened credit card.

LongDongSilver said: glxpass said: LongDongSilver said: Has anyone managed to open this business checking account with a bogus/fictitious business, i.e. sole proprietary, SSN as EIN, no license, etc. just to qualify for this deal? I have a Chase biz CC and they sent me a $200 coupon in the mail.
I'd never open a business credit with a bogus business. For example, if you can conceive of selling items on eBay, that's hardly a bogus business. Naturally, I'd declare the income for any such activities. When I opened a Chase business checking account back in February, I did so under my own name, thereby ignoring the hassles of filing a DBA-type of form with the appropriate city or county agency. I've done the same thing with a variety of different business credit cards, and have never had any issues.

I opened the Chase business CC using my name as the name of the "business" and got approved without issue. Will there be any problem if I do the same to open the business checking account? My concern is they will report the $200 bonus as interest income the IRS and tell them I have a "business".
As long as you're using your SSN for your business, I can't see an issue with Chase reporting your opening bonus. You'll probably receive a 1099-INT; the bonus would be considered interest income, just like account opening bonuses from your personal accounts.