I got a $100 coupon in the mail from Chase bank today. I went into my local branch, and was able to redeem it successfully. I'm not sure if each coupon code is unique, but since the offer was addressed to "Our Neighbor at..." I'm inclined to think not.
Coupon code I used: 3471945321021062 (possibly one-time use only) Offer Expires: July 7, 2009
If it turns out coupon codes are unique, one possible source is the USPS Mover's pack (Chase has been known to stuff coupons in there)
Basic Requirements:
Coupon code (see above)
Must open an new Chase Checking account with $100 minimum deposit (within 60 days)
$100 Bonus received within 10 days of $100 deposit
Direct deposit, or 5 debit card purchases required for no monthly service fee
Debit card qualifies for free Chase Extras earn 1 rewards point for every $1 spent in qualifying purchases; Go to Chase.com/Extras for more information. (My branch advised an upgraded program for those that spend more than $250/mo average that offers extra points, but incurs a $25 yearly fee)
This is very similar to the sign-up bonuses Chase offered last year, where you could get up to $150 for checking accounts and $250 for business accounts, with $50 referral bonuses. I opened 2 personal (one checking one savings), and two business (one checking, one savings) and received a total of $500 in bonuses last year. I canceled all of those accounts when the 6 month minimum had passed, and now I'm glad I did.
From the coupon:
Our Chase Checking account is loaded with big conveniences and big savings, including:
Free access to over 14,000 Chase and WaMu ATMs (and 3,000 branches nationwide)
Free Chase Online Bill Pay
Free Chase Debit Card with Zero Liability Protection
Free voice and e-mail alerts
NO minimum balance required
No monthly service fee with direct deposit or five debit card purchases
Plus, $100 on us!
Fine Print:
Zero Liability protection- Chase reimburses you for any unauthorized card transactions made at stores, ATMs, on the phone or online when reported promptly. No Monthly Service Fee- Chase Checking has no monthly service fee when you have a direct deposit or five or more debit card purchases post to your account each statement period. Chase Checking- Available only at Chase branded branches, excluding CA. Bonus/Account Information- To qualify for the bonus you must open a new Chase Checking account with a $100 minimum deposit of new money (money not currently held by Chase or its affiliates) within 60 days of account opening. Bonus will be automatically deposited into your new account within 10 business days after the $100 minimum deposit is made. Bonus is not considered part of minimum opening deposit. Limit one checking account-related reward/premium per customer, per calendar year. Offer not available on account conversions or in combination with any other offer. Checking account must remain open for a minimum of six months or the bonus will be debited from the account at closing. Account is subject to approval. Bonus is considered interest and will be reported on IRS Form 1099-INT.
TO REDEEM THIS $100 GIFT CARD, OPEN YOUR ACCOUNT: IN PERSON: By Bringing this gift card to any Chase branch OR ONLINE: at Chase.com/checking using the coupon code printed on your gift card
For more information, or to locate a Chase Branch, please call 1.800.CHASE24 (1.800.242.7324) or visit us at Chase.com/branch.
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Online application asks if you would like to order checks (choose NO as there is a charge for check orders)
How to cancel check orders (They are known to chrge for and send you checks despite choosing NO during your online application process): - contact the check order vendor Deluxe at 1-866-322-1101 - Press 1 for English - Press 3 for Order status - Put in routing and account number - Listen to the status - in process - Press 0 for CSR
As for the account number, if you open account online and have not received your welcome package, it can be found on the SIGNATURE CARD.
Be aware of $3 transfer fee for outgoing ACH pushes, but incoming is free.
TERMS: "Checking account must remain open for a minimum of six months or the reward will be debited from the account at closing."
Instructions/forms for setting up Direct Deposit and Automatic Payments via: Chase SwitchKit
Take the form to your employer's payroll department.
Redirect Your Automatic Payments
Print out and complete an Automatic Payment Change Form (PDF) for each automatic payment you have set up (such as your monthly car loan or mortgage payments).
You can also obtain your routing number and account number from a canceled or voided check. The routing number for a deposit slip will be different then that of your checks.
Arizona 122100024 Colorado 102001017 Connecticut 021100361 Florida 263189865 Illinois 071000013 Indiana 074000010 Kentucky 083000137 Louisiana 065400137 Michigan 072000326 New Jersey 021202337 New York - Downstate 021000021 New York - Upstate 022300173 Ohio 044000037 Oklahoma 103000648 Pennsylvania 044000037 Texas 111000614 Utah 124001545 West Virginia 051900366 Wisconsin 075000019
A routing transit number (RTN) or ABA number is a nine digit code, used in the United States, which for instance appears on the bottom of negotiable instruments such as checks that identifies which financial institution it is drawn upon. This code is also used by the Automated Clearing House to process direct deposits and other automated transfers. This system is named after the American Bankers Association, which designed it in 1910.
Message edited by: johnnybs on 2009-06-19 14:14:53 CDT
I did this deal last year when it was $125 (2 months before signing up for a new mortgage) and I was livid that I had a line of credit opened up with it, and had to pay taxes on this deal. To me, it just wasn't worth it
A major benefit of a Chase Checking Account is that it permits your Chase Freedom cards to continue to earn 3% on certain categories (actually increases the number of categories to 5 in fact). Since each card can earn you an extra $12 per month, this can easily be a greater benefit than the opening bonus (12 month at $12 per month is $144). If you have more than 1 Freedom card (I and my wife have three), it can be even more valuable. It will also keep you ability to get a $250 check when your rewards hit $200.
A E-mail received today says
" I would like to inform you that if you have both a Chase Freedom (fixed or enhanced) product and an open Chase checking account, you will automatically be upgraded in the Chase Freedom Exclusives product within 1-3 billing cycles.
Chase Checking Account Customers will enjoy exclusive benefits such as:
- Triple rewards in the top 5 spend categories(out of pre-defined 15 categories)! - No Rewards Expiration - Redemption levels start at 1,000 point or $10! - Anything Credit redemptions start at 200 points.
Yes, you will still be given the option to redeem your rewards for a $250 check"
Message edited by: ProfessorEd on 2009-05-18 20:04:33 CDT
There could be a problem getting direct deposit set up quickly enough to avoid a service fee in some cases. Since they charge for checks, I did not order any. They will not reveal your account number by mail or E-mail. thus, you have to wait until a statement prints to have enough information to request direct deposit.
While I understand they give you 60 days to set up direct deposit I could imagine the first deposit not arriving quickly enough.
I got caught several years ago because I was a professor not paid during the summer, and there were no direct deposits during that period.
ProfessorEd said:There could be a problem getting direct deposit set up quickly enough to avoid a service fee in some cases. Since they charge for checks, I did not order any. They will not reveal your account number by mail or E-mail. thus, you have to wait until a statement prints to have enough information to request direct deposit.
While I understand they give you 60 days to set up direct deposit I could imagine the first deposit not arriving quickly enough.
I got caught several years ago because I was a professor not paid during the summer, and there were no direct deposits during that period.
It should be easy enough to make 5 $1 debit card purchases.
Can anyone confirm if the $25 referral bonus still works? I was told by a banker last year that Chase no longer gives referral bonus. Not sure if that is true.
jolapo said:Can anyone confirm if the $25 referral bonus still works? I was told by a banker last year that Chase no longer gives referral bonus. Not sure if that is true.
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