Chase $500 Bonus for New Accounts Available Online Again

This post may contain affiliate links; please read our advertiser disclosure for more information.

Chase $500 Bonus

Chase $500 Bonus for New Accounts Available Online Again

Over the past few years Chase has been the most generous of the big banks with bonuses for opening checking/savings accounts. They continuously have a very popular $500 personal offer that can be done annually. Recently the offer has been available online and now there’s again a new link with an extended expiration date. You have till 1/15/2021 to apply.

UPDATED 12/4/20

RELATED: The Best Nation Wide Bank Bonuses Available

The Offer

  • Get $200 when you open a Chase Total checking account and have a direct deposit post to the account in the first 90 days.
  • Get $200 when you open a Chase savings account and deposit $15,000+ in new money within 20 business days. You have to maintain a balance of $15,000 for 90 days.
  • If you complete both offers you get an extra $100 bonus.

Offer Link

Key Terms

  • Expiration Date: 1/15/2021
  • Checking offer is not available to existing Chase checking customers. Savings offer is not available to existing Chase savings customers. Both offers are not available to those with fiduciary accounts, or those whose accounts have been closed within 90 days or closed with a negative balance.
  • For checking bonus, make a direct deposit within 60 days of account opening. 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.
  • For savings bonus, deposit a total of $15,000 or more in new money into the new savings account within 10 business days of account opening and maintain at least a $15,000 balance for 90 days from the date of deposit. The new money cannot be funds held by Chase or its affiliates.
  • If either the checking or savings account is closed by the customer or Chase within six months after opening, we will deduct the bonus amount for that account at closing.

The full terms can be found on the offer page after generating your unique code. (See below.)

Avoiding Fees

Chase Savings has a $5 fee per month. You can avoid the fee in the following ways:

  • $300 or more minimum daily balance
  • or at least one repeating automatic transfer of $25 or more from your personal Chase checking account (available only through Chase Online Banking)
  • or when linked to a Chase Premier Plus Checking, Chase Premier Platinum Checking or Chase Private Client Checking account

Chase Total Checking has a $12 fee per month. You can avoid the fee in the following ways:

  • Direct deposit totaling $500 or more made to this account.
  • or a $1,500 or more minimum daily balance in this account
  • or an average daily balance of $5,000 or more in any combination of qualifying linked deposits.


I have received this bonus in the past. Usually you need to have a branch nearby to complete the account opening process, but now it’s much easier since it can be done online. It’s a good opportunity for those who don’t have branches nearby or have to take long drives to open the accounts. There’s some reports that the offer is working even for those who don’t have branches in their state. It might be worth visiting a branch though, to check for increased targeted offers on Chase credit cards.

This bonus can be done once a year and you have to wait at least 90 days since the last personal accounts bonus from Chase. Keep in mind that you WILL receive a 1099-INT for these bank bonuses and thus you will be taxed.


If you aren’t a current Chase checking/savings customer then this Chase $500 bonus is about as good as it gets when it comes to bank bonuses. While the savings deposit amount is a bit high, I think it’s still worth it if you have $15,000 to leave in the savings account for three months. You can do this bonus once a year, and you must not have had a Chase account in last 90 days. It’s even easier now that it’s online.

I would suggest opening the account right away if you’re eligible, because it has never lasted till the expiration date the last few times we’ve seen it.


Based in NYC. Points/miles enthusiast for years and actively writing about it for the last two years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

More Like This

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.


Please enter your comment!
Please enter your name here


SoFi Money $50 Bonus!

Super easy bonus! Sign-up and deposit $500 or more and they'll pay you $50! That's it!
Grab Your $50 SoFi Bonus Now!

Webull - 2 Free Stocks!

Brokerage app Webull is offering 2 Free Stocks! Just open an account and fund with $100 to get your stocks valued up to $1600! Super easy!
Grab your 2 free stocks now!

Subscribe To Our Newsletter

Join thousands of MtM readers who are subscribed to receive a once daily email with all of our posts. Never miss out!

You have Successfully Subscribed!