topic Re: Chase Saving Account Bonus in Credit Cards

Chase Saving Account Bonus

GTT — Fri, 20 Jul 2012 22:29:13 GMT

I have one chase saving account coupon saying if I open a saving account and save 10000, I will get 125usd cash back.

However, this money must be new money which means I can't just transfer my money from checking acc. to it.

My question is, can I take 10000 cash out of my checking account and save it in my saviing account? Does this consider a new money?

Re: Chase Saving Account Bonus

trumpet-205 — Fri, 20 Jul 2012 22:52:49 GMT

Just withdraw your money from your checking account. Deposit the money into another bank's account. From there transfer the money to Chase savings account.

Re: Chase Saving Account Bonus

GTT — Fri, 20 Jul 2012 23:02:27 GMT

I got only one bank accout....would that be fine that I just withdraw the money, and later (after 1 week) and deposit it to the saving accouting with cash?

Re: Chase Saving Account Bonus

jsucool76 — Fri, 20 Jul 2012 23:04:03 GMT

Be careful and check before you do it. Chase had a thing I saw after I opened my account with them. Open a checking acount and recieve 150$, you had to A) have a direct deposit (which i did) and B) make a purchase within the first week or something like that, but it was for NEW chase customers ONLY.

Re: Chase Saving Account Bonus

trumpet-205 — Fri, 20 Jul 2012 23:04:59 GMT

Sure, you will need to withdraw cash at the branch then.

Can you quote the exact term?

Re: Chase Saving Account Bonus

GTT — Fri, 20 Jul 2012 23:09:28 GMT

the term looks the following:

this deposit cannot be money held by Chase or its afflicates, nor can the bonus be used as part of the opening deposit.

What I'm afraid of is if I just take the cash from my checking account and save it to the saving account, wounldn't Chase consider that a cheat? :-(

Will need to call chase ask for details.

Re: Chase Saving Account Bonus

trumpet-205 — Fri, 20 Jul 2012 23:11:01 GMT

@GTT wrote:
the term looks the following:
this deposit cannot be money held by Chase or its afflicates, nor can the bonus be used as part of the opening deposit.

What I'm afraid of is if I just take the cash from my checking account and save it to the saving account, wounldn't Chase consider that a cheat? :-(

Will need to call chase ask for details.

Well, here is my interpretation.

Money held means where the money is right now. If you withdraw cash at the branch then money is with you, no longer in the hands of Chase.

Re: Chase Saving Account Bonus

Anonymous — Sat, 21 Jul 2012 05:49:29 GMT

@trumpet-205 wrote:
@GTT wrote:
the term looks the following:
this deposit cannot be money held by Chase or its afflicates, nor can the bonus be used as part of the opening deposit.

What I'm afraid of is if I just take the cash from my checking account and save it to the saving account, wounldn't Chase consider that a cheat? :-(

Will need to call chase ask for details.
Well, here is my interpretation.

Money held means where the money is right now. If you withdraw cash at the branch then money is with you, no longer in the hands of Chase.

I would agree with this. If you don't have $10k somewhere else, pull the cash out of your Chase checking, wait a week or so, then open the savings account and fund it shortly thereafter. Also keep in mind that you don't need to leave the $10k there after you get the bonus, you can leave just enough to avoid the monthly fee (I think it's only $300). However, the account must remain open for at least 6 months otherwise they can clawback the $125 bonus. Personally, I'm getting ready to move my liquid savings money over to AmEx, which has a 0.85% interest rate. I just wish they had a sign-up bonus too.

Re: Chase Saving Account Bonus

GTT — Sat, 21 Jul 2012 14:46:03 GMT

To have a lot of cash with me is not a good idea but I'm thinking of open another bank account.

Anybody knows which bank offer better sign-up offers without DD except Chase?

Re: Chase Saving Account Bonus

yillb — Sat, 21 Jul 2012 14:53:05 GMT

BBvacompass has a 100 account credit if you sign up online. I did it just to have another account, you don't even have to have branches near you, as i was able to do everything over the phone. the only thing you can't do, is get a card mailed to you without going into a branch, but you can call their online people and get the account setup online, and still use it for bill pay, and still get your 100 dollars

Re: Chase Saving Account Bonus

trumpet-205 — Sat, 21 Jul 2012 14:55:09 GMT

@GTT wrote:
To have a lot of cash with me is not a good idea but I'm thinking of open another bank account.
Anybody knows which bank offer better sign-up offers without DD except Chase?

Hmm... not that I am aware of. I can recommend two checking accounts though.

* Charles Schwab Checking account for its debit card. They waive ATM fee regardless of what ATM you are using.

* Alliant Credit Union for its interest rate and ACH transaction (fastest money transfer). You do need to donate to a charity one time for $15 I believe in order to join.

Re: Chase Saving Account Bonus

GTT — Sat, 21 Jul 2012 14:59:12 GMT

Oh, there are actually sooo many banks, I thought only big ones as Citi, BoA, chase...

Re: Chase Saving Account Bonus

jsucool76 — Sat, 21 Jul 2012 15:31:26 GMT

Ally also waives all ATM fees, you get them at the end of the month. They're a pretty good bank, i have a money market with them and a phone call to talk to a CSR takes about 19 seconds to be connected, never talk to a computer ever. I wish they offered credit cards. D:

Their checking accounts also accrue interest, which is rare.

Re: Chase Saving Account Bonus

Anonymous — Sat, 21 Jul 2012 17:17:34 GMT

@jsucool76 wrote:
Ally also waives all ATM fees, you get them at the end of the month. They're a pretty good bank, i have a money market with them and a phone call to talk to a CSR takes about 19 seconds to be connected, never talk to a computer ever. I wish they offered credit cards. D:

Their checking accounts also accrue interest, which is rare.

Is it 0.01% like mine?

I've seen Citi offer checking account sign-up bonuses before, not sure if they're still out there.

Re: Chase Saving Account Bonus

jsucool76 — Sat, 21 Jul 2012 17:33:06 GMT

Under $15,000 is .40% and above $15,000 is .75% which is almost as much as my money market which is .89%. Their checking debit card also earns rewards (AllyPerks)

"Make qualifying purchases using your Ally Checking Debit Card, and we automatically put money back in your Ally account (for example, $10 back on a qualifying $100 purchase)"

Re: Chase Saving Account Bonus

trumpet-205 — Sat, 21 Jul 2012 20:13:30 GMT

In terms of interest rate,

* Charles Schwab now has 0.10% APR. No ATM fee and free checks.

* Alliant Credit Union has 0.6% APR. Free check for first order. Uses ACH to move money (money shows up your account next business day, sometimes count as DD).

Re: Chase Saving Account Bonus

Anonymous — Mon, 06 Aug 2012 21:15:45 GMT

Hi, do you still have this bonus code, if so, may I have the code? Thank you.