Chase is sending targeted customers an email offering up to $1,500 for new business accounts – but here’s what they don’t emphasize upfront: you need to deposit $100,000 to get the full bonus.
The tiered structure breaks down like this: $300 for a $2,000 deposit, $750 for $20,000, or the full $1,500 for $100,000. Most people see “$1,500” in the subject line without realizing the massive deposit requirement attached.
But here’s the truth: most people see these emails and either think they’re scams or assume the requirements are impossible to meet. But I’ve been analyzing Chase’s business banking promotions, and this one is actually legitimate – though it comes with some hefty deposit requirements.
Want proof? People are receiving targeted emails with offer codes for up to $1,500, but you need to deposit $100,000 to get the full amount.
Let me break down exactly how this works and whether it’s worth pursuing.
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The Deal: Tiered Bonuses Based on Your Deposit
Here’s how Chase structures their business bonus:
- $300 bonus for $2,000+ deposit
- $750 bonus for $20,000+ deposit
- $1,500 bonus for $100,000+ deposit
- Must use your unique offer code at a branch
- Offer expires October 1, 2025
The best part? If you have the cash flow, this is one of the larger business banking bonuses available.
The Real Requirements (What Actually Matters)
I’ve read through the entire email terms, and here’s what you need to know:
To Get Any Bonus:
- Open Chase Business Complete Checking at a branch with your offer code
- Deposit “new money” within 30 days (can’t be existing Chase funds)
- Maintain that balance for 60 days from enrollment
- Complete 5 qualifying transactions within 90 days
Qualifying transactions include:
- Debit card purchases
- ACH credits
- Wire transfers
- Chase QuickDeposit
- Chase Online Bill Pay
- Chase QuickAccept payments
My take: The transaction requirement is easy – it’s the deposit amounts that determine if this makes sense for you.
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Who Should Actually Consider This?
The $1,500 tier makes sense if:
- You have $100,000+ in business funds sitting in low-yield accounts
- You’re already considering switching business banks
- You can comfortably tie up that money for 60+ days
- You run transactions that qualify easily
The $300 tier works for:
- Smaller businesses with $2,000+ available
- Testing Chase’s business banking platform
- Anyone who received a targeted email
Skip this if:
- You don’t have the required deposit amounts
- You’re happy with your current business banking
- You can’t easily complete 5 qualifying transactions
How to Maximize This Deal
Here’s exactly what I’d do:
- Check if your email is legitimate – look for your unique offer code
- Calculate your realistic deposit tier – don’t stretch beyond what’s comfortable
- Schedule a branch appointment – don’t just walk in
- Prepare your business documents – EIN, business license, etc.
- Plan your qualifying transactions – debit purchases, bill pays, etc.
Pro tip: The 60-day balance requirement starts from enrollment, not account opening, so timing matters.
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The Fine Print That Could Trip You Up
Important restrictions:
- New business customers only – can’t have had Chase business accounts recently
- “New money” requirement – can’t transfer from existing Chase accounts
- Balance maintenance – if you drop below the threshold, you lose the bonus tier
- One offer per business every two years
- Account must stay open until bonus posts (within 15 days of completing requirements)
Remember: This is taxable income – you’ll get a 1099.
Is This Email Actually From Chase?
Legitimate signs I see:
- Proper Chase branding and formatting
- Detailed terms and conditions
- Specific offer codes
- Correct Chase email domain structure
- Proper legal disclaimers
Always verify by:
- Calling Chase directly with your offer code
- Visiting a branch to confirm the promotion
- Never clicking links if you’re unsure
The Monthly Fee Reality
Chase Business Complete Checking has a $15 monthly fee that can be waived by:
- Maintaining $2,000 daily balance
- Having $2,000+ in eligible deposits from Chase payment solutions
- Spending $2,000+ on linked Chase Ink business cards
- Linking a Chase Private Client personal account
My advice: Factor this ongoing cost into your decision.
Should You Take This Deal?
This makes sense if:
- You received a legitimate targeted email
- You have the required deposit amount available
- You’re frustrated with your current business banking
- You can meet the transaction requirements easily
Skip it if:
- You’re stretching to meet deposit minimums
- You’re happy with your current setup
- You can’t comfortably maintain the balance for 60+ days
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The Bottom Line
Chase’s business banking bonus emails are legitimate, but they’re designed for businesses with significant cash flow. The $1,500 tier is impressive, but $100,000 is serious money.
Ready to pursue this bonus? Make sure you have your offer code and can realistically meet the requirements.
The key is treating this as a bonus for money you’d be depositing anyway, not as a reason to tie up funds you might need.
Remember: Always verify the offer directly with Chase before making any moves.
Have you received targeted business banking offers before? What’s been your experience with meeting the deposit requirements?
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