Chase Bank is offering a $150 bonus for new customers when you open a Chase Total Checking account plus deposit $100 and set up direct deposit within 60 days of account opening. You can avoid monthly service fees if you make a $500+ direct deposit each month or maintain a $1,500 minimum daily balance. Must keep account open for 6 months to keep the bonus. Expires 8/15/12.
At least in the past, you could simulate direct deposit using an ACH transfer from an online savings bank. Fine print quoted below.
*Service Fee: Chase Total CheckingSM has no Monthly Service Fee when you do any one of the following each statement period: Option #1: Have monthly direct deposits totaling $500 or more made to this account; OR, Option #2: Keep the daily balance in your checking account at or above $1,500; OR, Option #3: Keep an average balance of $5,000 or more in any combination of qualifying Chase checking, savings and other balances. Otherwise a $12 Monthly Service Fee will apply ($10 Monthly Service Fee for CA, OR and WA). We will notify you of changes to your account terms or fees. For more information, please see a banker or visit chase.com/checking.
Bonus/Account Information: Offer not available to existing Chase checking customers, those with fiduciary accounts, those whose accounts have been closed within 90 days or with a negative balance. To receive the bonus: 1) open a new Chase Total CheckingSM account, which is subject to approval; 2) deposit $100 or more within 60 days of account opening; AND 3) have your direct deposit made to this account within 60 days of account opening. Your opening deposit cannot be money held by Chase or its affiliates, nor can the bonus be used as the opening deposit. Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. After we receive your first direct deposit, we’ll deposit the bonus in your new account within 10 business days. You can only receive one checking account-related bonus per calendar year. Bonus is considered interest and will be reported on IRS Form 1099-INT.
Account Closing: If your checking account is closed within six months, we will deduct the bonus amount at closing.