JP Morgan Chase Bank is offering a $100 bonus for new customers who sign up for the Chase Checking account. If you are not a current customer of Chase, you can qualify for this $100 bonus with an initial deposit of $100 and by initiating a direct deposit or five purchases using your new debit card within 60 days. You will receive your $100 bonus 10 days after your direct deposit or fifth debit card purchase.
Like most account opening bonuses, the $100 is considered interest, so it will be reported to the IRS as interest income. You might owe taxes on the bonus as you would owe taxes on other interest earned in bank accounts.
Keep in mind that in order for this account to remain free, you have to abide by Chase Bank’s rules. Keep your direct deposit or make five debit card purchases each month to avoid a $6 monthly fee.
Also, if you close your account within six months, Chase will take the bonus back.
You can either apply for the account online or at a branch. To generate and retrieve your coupon, click here. This coupon expires October 16, 2009, but if there are more coupons after that point I will post them here.
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Generate Your Own Chase Checking $100 Bonus Code
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