How to obtain the $200 free cash from Chase. Once the following requirements are done, Chase will deposit the bonus in your new account within 10 business days.
- Open a new Chase Total Checking account ,which is subject to approval
- Deposit $100 or more within 10 business days of account opening
- Have direct deposit made to this account within 60 days of account opening. The direct deposit has to be $500 or more to this account. The other option is to keep a daily balance in your checking account at or above $1500.
Note: Keep in mind that the bonus will be considered intersted and will be reported to Uncle Sam on IRS Form 1099-INT. Also note that if you close your checking account within six months, they will deduct the bonus amount at closing.
This is free money and all you have to do is open a new account and keep a minimum balance or do a direct deposit for your paycheck.
Let us know if you have any other tips down below in the comments!