Recently, I received a flyer in the mail from Chase offering a $100 credit for opening a personal checking account to new customers. Existing customers are not able to cancel their account and sign back up to receive the $100 credit. Here are a few more things to consider about the offer:
- The $100 will be treated like interest income, so you’ll need to report it as such on your taxes.
- In order for this account to remain free, you have to abide by Chase Bank’s rules. Keep your direct deposit or make five debit card purchases each month to avoid a $6 monthly fee.
- And don’t try opening the account, withdrawing the money, and closing it right away. Chase makes you keep it for at least six months, or they’ll take the money back.
To apply for the account online and generate your own coupon code, click here. This is a pretty sweet deal if you were already looking to switch banks. The offer ends October 16th, 2009.