The Chase Business Checking account opening bonus has increased to $500/$400. You only need to deposit $10,000/$2,000 and complete five qualifying account activities. It’s still relatively easy to earn, and if you don’t have enough cash, the $400 tier is also a solid option. This offer expires on July 15.
To earn the account opening bonus, you need to deposit $10,000/$2,000 within 30 days and keep it there for at least 60 days. You also need to complete 5 qualifying account activities within 90 days. The easiest way is simply to make any five purchases with the linked debit card. Other options include using QuickDepositSM (mobile check deposit), ACH, wire transfers, or bill pay.
*Qualifying transactions include debit card purchases, Chase QuickDepositSM,3 ACH (credits) , wires (credits and debits) , Chase OnlineSM Bill Pay4 and Chase QuickAccept®. QuickAccept card payments are combined into one daily qualifying transaction.
One important note: Zelle does not count.
The following are not considered qualifying transactions: ACH (Debits) , Person to Person payments such as Zelle
This is a pretty good bonus, and I’ve added it to our list of the best bank account opening bonuses.
Chase business checking account holders can currently activate a bill pay bonus and earn an extra $250 after completing the requirements. Common bill pay use cases, such as credit card bills or utility bills, should usually work and are worth trying.
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About Chase Business Checking
Most readers are probably already familiar with Chase, so I won’t spend too much time on the basics. Their business checking accounts also come with solid account opening bonuses, so this post is dedicated to covering them. Chase is also FDIC insured, so there’s no need to worry on that front.
How to Open the Account and Earn the Bonus
Account Opening Bonus
See the beginning of this article.
What You Need to Apply
During the application process, you’ll need to provide a driver’s license or ID and your SSN, and answer some business-related questions. If you already have a Chase account, you can log in and save your application.
Account Types and Differences
All three account types below are eligible, depending on the size of your business. In most cases, opening Complete Banking is enough, since it has the easiest monthly fee waiver requirements. The Complete monthly fee is $15, and it can be waived under the following conditions.
- Special account status: Maintain a linked Chase Private Client Checking℠ account, (B) Meet Chase Military Banking requirements
Or meet any one of the following:
- Maintain at least a $2,000 account balance. Maintain a Minimum Daily Ending Balance of at least $2,000 in the Chase Business Complete Checking account each business day during the monthly statement period, excluding the last business day of the statement period;
- Have at least $2,000 in monthly deposits. Have at least $2,000 of aggregate eligible deposits (net of chargebacks, refunds, or other adjustments) into the Chase Business Complete Checking account, at least one day before the end of the monthly statement period,
- Spend $2,000 per month on an Ink Business card. Spend at least $2,000 on eligible Chase Ink® Business card purchases in the most recent monthly Ink card billing cycle, which may be different than your Chase Business Complete Checking
Application
Applying for a business checking account is a bit stricter than applying for a typical business credit card, since it can involve anti-money-laundering review and similar compliance issues. I’d generally recommend that people with a green card or U.S. citizenship consider applying, to avoid any unnecessary impact on immigration status. If you have a company, use the company’s EIN to apply. If not, you can probably apply with your SSN as a Sole Proprietor, which is roughly equivalent to a self-employed individual.
For something similar, you can also read our guide to personal business credit cards; the general idea is about the same.
Application Link
- See the beginning of this article