Chase Bank has extended a lucrative promotion offering customers a combined $900 bonus for opening new checking and savings accounts. The offer, which requires meeting specific deposit and direct deposit requirements, is now available nationwide through January 21, 2026. This extended timeframe provides a significant opportunity for eligible consumers to earn one of the highest bank account sign-up bonuses currently available in the U.S. retail banking market.
Overview of the Chase $900 Bonus Offer
JPMorgan Chase, one of the largest banks in the United States, has revived and extended an uncommon promotion that offers new customers a total of up to $900 when they open both a Chase Total Checking account and a Chase Savings account. The bonus is split into three parts: $300 for opening and funding a checking account, $200 for opening and funding a savings account with new money, and an additional $400 bonus awarded to customers who complete the requirements for both accounts simultaneously.
This composite bonus is notably higher than Chase’s standard $600 combined checking and savings bonus, making it a particularly attractive offer for new customers willing and able to meet the eligibility criteria.
How to Qualify for the Bonus
According to Chase’s official promotional terms, customers must complete specific actions within defined timeframes to earn the bonus:
- Checking Account Bonus ($300):
- Open a new Chase Total Checking account (subject to credit approval).
- Receive an electronic direct deposit — such as a paycheck, Social Security benefits, or pension payments — within 90 days of account opening.
- Savings Account Bonus ($200):
- Open a new Chase Savings account.
- Deposit at least $15,000 in “new money” (funds not currently held at Chase or its affiliates) within 30 days of account opening.
- Maintain a minimum $15,000 balance in the savings account for 90 consecutive days.
- Additional Bonus ($400):
- This bonus is awarded to clients opening both checking and savings accounts simultaneously and fulfilling all above requirements for each account.
Chase typically credits the bonus funds to accounts within 15 days after the specified criteria are met.
Eligibility and Restrictions
While the incentive is generous, it is subject to several eligibility rules:
- The offer is not available to current Chase checking or savings account holders or to customers who have closed an account with Chase within the past 90 days.
- Applicants who have closed a Chase account with a negative balance within the last three years are also disqualified.
- Customers may receive only one checking and one savings account opening bonus every two years.
- A physical Chase branch must be present in the applicant’s state, a requirement tied to Chase’s branch-based account opening policies.
Banking industry analyst Lisa Thompson of Financial Insight Group notes, “Such promotions involving substantial new-deposit requirements are designed to attract new customers with significant funds, supplementing Chase’s liquids assets and cross-selling potential.”
Account Fees and Maintenance
Both Chase accounts come with monthly maintenance fees, with waiver conditions as follows:
- Chase Total Checking: $12 monthly fee waived if the customer has monthly direct deposits of $500 or more, maintains a minimum daily balance of $1,500, or keeps an average beginning day balance of $5,000 across linked accounts.
- Chase Savings: $5 monthly fee waived by maintaining a $300 minimum daily balance, setting up an automatic transfer of $25 or more from a Chase checking account, or linking to a Premier or Private Client checking account.
These fee structures encourage customers to maintain higher balances or engage more actively with Chase products to avoid charges—an industry-standard model.
Historical Context and Industry Trends
Bank sign-up bonuses have become competitive tools for customer acquisition over the past decade, especially as fintech disruptors and neobanks attract digitally savvy users. Chase historically offered bonuses ranging from $200 to $600, making this $900 combined offer extraordinary in scale.
Data from the American Bankers Association shows that bonuses can significantly boost new account openings; however, such offers are typically time-limited and accompanied by qualifying criteria that safeguard against abuse.
Financial services consultant Mark Delgado comments, “Banks leverage these promotions not only to boost deposits but to deepen customer relationships. The $15,000 new money deposit requirement balances the bank’s liquidity goals with customer acquisition.”
Consumer Considerations and Future Outlook
Potential customers should carefully assess their ability to fulfill deposit requirements, maintain minimum balances, and pay account fees if waiver conditions are unmet. Additionally, direct deposits must come from legitimate payroll or government benefit sources; peer-to-peer payments such as Zelle do not qualify.
Moreover, accounts must remain open for at least six months to avoid forfeiting bonuses, emphasizing the promotion’s focus on customer retention.
Industry observers predict that Chase and other major banks will continue to offer high-value bonuses strategically to counteract competition from fintech entities and regional banks improving digital banking experiences.
How to Access the Offer
Interested individuals can claim the promotion by applying online or at Chase branches, often requiring enrollment via unique promo codes provided through Chase’s official marketing channels or partner websites. Consumers are advised to read all terms and conditions thoroughly to ensure compliance.
Conclusion
Chase Bank’s extended $900 bonus on new checking and savings accounts presents a compelling incentive for eligible consumers, especially those seeking to consolidate banking relationships with a major national lender. While the deposit and maintenance requirements are considerable, the promotion reflects the growing trend among traditional banks to use robust sign-up bonuses as a growth strategy amid an evolving financial landscape.
Prospective applicants should evaluate their financial situation and banking needs before participating, and monitor Chase’s official communications for any further updates or policy changes.
For more information about Chase’s banking products and ongoing promotions, visit the official Chase Bank website or consult a customer service representative at a local Chase branch.
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