Chase Bank Promotions [June 2024]

If you’re looking for a new bank account, consider using a Chase bank promotion to earn a nice bonus with a qualifying Chase account.
Updated Dec. 13, 2023
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Chase Bank Promotions

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It can be difficult to know which bank or credit union to open a new account with when you have so many to choose from. To help you narrow down your choices, you should know that many of the best banks offer new customers a promotional bonus. These bonuses are typically given in the form of cash, though you’ll have to meet certain requirements to qualify for one.

With Chase bank promotions, you can receive a lucrative cash bonus when signing up for an eligible Chase savings account or Chase checking account. So if you’re looking to add some money to a savings fund or you need some extra cash, you might want to see what Chase has to offer.

Here, we’ll go over how Chase bank promotions work and the important information you should know about them. This will help you decide whether signing up for a new Chase bank account is the right move for you.

In this article

Chase bank promotions for June 2024

Chase Total Checking® Benefits

  • Enjoy $300 as a new Chase checking customer
  • Open a new Chase Total Checking® account with qualifying activities.1FDIC Insured. Offer valid through July 24, 2024
  • Receive your bonus within 15 business days
  • Access to more than 15,000 ATMs and more than 4,700 branches
  • Manage all your accounts from the Chase Mobile® app

What are Chase Coupons?

Chase frequently has checking account bonus offers and savings account bonus offers for new members who sign up and satisfy certain qualifying requirements. To receive one of these offers, you need to sign up for the account directly through a specific Chase promotions page or by using a coupon code that Chase sends to your email account.

There’s no real difference between signing up directly through a Chase page or by signing up through an emailed Chase coupon. The bonus amount for a specific offer stays the same either way, so there’s no additional benefit of one application method over the other. But if you hear someone talk about Chase coupons, this is what they’re referring to.

How do bank bonuses work?

Bank account bonuses function similarly to credit card sign-up bonuses. For most credit card bonuses, you have to do something, such a spend a certain amount of money within a specified time period, to receive the bonus. For bank accounts, the requirements typically involve something like setting up a certain number of direct deposits for a checking account or depositing and keeping a certain minimum daily balance for a set amount of time in a savings account.

For example, a bank may say that to earn your bonus you may have to open the account by a certain date, deposit a minimum of $10,000 or a similar amount into the account, and then maintain that minimum balance for 90 days to be eligible to receive your bonus.

If you can meet these requirements, it’s not too difficult to make signing up for a new checking account or new savings account even more useful. However, keep in mind that bank account bonuses do have at least one significant difference from credit card sign-up bonuses. Credit card bonuses are seen as rebates by the IRS and not taxable as income, but bank account bonuses are typically taxable as earned interest and may require submission of a 1099-INT form.

Most banks, including Chase, will automatically send you the correct tax form you’ll need if you’ve received its bank account bonus. If not, you may still need to acquire a form yourself, fill it out, and submit it when you file your taxes.

Things to know before you apply for an account for a bonus

It’s much simpler to qualify for a bank account bonus when you understand the typical requirements. Take a look at the most common bank account bonus requirements to help you understand how these promotions are often set up:

  • Time limit: Most account offers expire by a certain date, so you have to open your account by that date to qualify for the promo offer.
  • Initial deposit and minimum balance requirements: Savings account bonuses often require an initial minimum deposit into the account within the first few weeks. You then have to maintain that minimum balance or average daily balance for a specified amount of time, which is often 90 days.
  • Direct deposit: Checking account bonuses often require that you set up direct deposits to the account.
  • Early termination: Many banks enforce a fee or take back the bank account bonus if you close your account within a certain amount of time after opening the account.

It’s also important to understand how bank accounts work and what features they offer. This knowledge can help point you in the right direction of what banks and bank accounts could be right for you. It’s important that you sign up for an account that’s useful for you, and you don’t just sign up for a bonus and then think you can either not use or close the account.

Consider these account features when deciding between different bank accounts:

  • Fees: Bank account bonuses can be lucrative, but they start to lose their value if the account you open has lots of fees. Be sure to read the fine print for monthly fees, ATM fees, overdraft fees, and more. Often, the monthly service fees can be waived if account holders maintain a certain balance or have monthly direct deposits made.
  • Interest rates or annual percentage yield (APY): Savings accounts are meant to earn interest, which is why they have an APY attached to them. It can make a big difference in the ability of your savings to grow no matter whether the APY is high.
  • Overdraft protection: Some bank accounts have overdraft protection options in case you don’t have sufficient funds in your account but are trying to draw money from it. With automatic overdraft protection, you can link multiple accounts together and have money from a linked account cover purchases for the other account. This protection can help you avoid costly overdraft fees or negative balance fees.
  • Debit card: Bank accounts that don’t issue linked debit cards may not be as useful to you. If you want the ability to use the funds in your accounts to make debit card purchases, make sure the new account you're applying for offers this feature.
  • Perks and benefits: Some bank accounts have additional benefits attached to them that can be useful for you. For instance, Chase customers may be able to access special offers through a Chase bank account with a debit card attached to it. These offers can give you big discounts on purchases from select merchants.

As a reminder, be sure to have important documents on hand when applying for a new bank account. Banks may require your Social Security number, a valid driver’s license or state ID number, and possibly proof of your residency or address. Most banks require the same information for their accounts, but it doesn’t hurt to check ahead of time in case there’s something extra you need.


Does Chase give you money for opening an account?

Chase often offers promotional deals when new members open a credit card or bank account with them. Both credit card bonuses and bank account bonuses have certain requirements, like spending a certain amount of money or depositing a certain amount of money, so be sure to read over the terms and conditions of the deal when signing up for a new Chase account.

How much money do you need to open a Chase bank account?

The amount of money you need to open a Chase bank account depends on the type of account you want to open. For example, there’s no minimum deposit required to open a Chase Secure Banking℠ checking account, but other accounts may require a minimum deposit. If you’re looking to avoid monthly fees and/or qualify for a bank account bonus, your account may need to have a minimum balance as well.

Is my money safe in Chase Bank?

JPMorgan Chase & Co. accounts are insured by the Federal Deposit Insurance Corp (FDIC). This means the funds you have in Chase checking or savings accounts are protected by the government up to the amount allowed by law. This protection is automatically applied to eligible accounts and you don’t have to pay for it.

Bottom line

Bank accounts are an ideal financial resource for efficiently storing and using your money. They’re safe, easily accessible, and can even help your money grow through interest over time. Their value increases even more if you need to open a personal checking or savings account can also take advantage of bank account bonuses like a Chase bank offer. You can learn more about Chase in our Chase Bank review

Qualifying for bank account bonuses is one of many great ways to make money, but it can require some research to make sure it’s worth it for you. Be sure to check beforehand to find out what the bank account’s fees and features are. Then see if the requirements for the bonus itself make sense. Not every bank account bonus and bank account itself will be right for you, but when you find an account that’s a great fit, it can be a powerful personal finance tool.

Chase Total Checking® Benefits

  • Enjoy $300 as a new Chase checking customer
  • Open a new Chase Total Checking® account with qualifying activities.1FDIC Insured. Offer valid through July 24, 2024
  • Receive your bonus within 15 business days
  • Access to more than 15,000 ATMs and more than 4,700 branches
  • Manage all your accounts from the Chase Mobile® app

Author Details

Ben Walker, CEPF, CFEI® Ben Walker, CEPF, CFEI®, is credit cards specialist. For over a decade, he's leveraged credit card points and miles to travel the world. His expertise extends to other areas of personal finance — including loans, insurance, investing, and real estate — and you can find his insights on The Washington Post,, Yahoo! Finance, and Fox Business.