Posts Tagged ‘$200’

$200 bonus for a free Capital One checking account (YMMV)

May 13th, 2009

My MIL sent me an email this morning asking about bank account bonuses, and in doing a little research I found this gem. You can get a $200 bonus for opening a no-fee Capital One Rewards Checking account with a minimum $50 opening deposit and a direct deposit. This offer has been sent to select credit card customers via US mail, however someone on SlickDeals also found the offer online. Just print off the offer with the promo code and bring it into a branch:

http://www.capitalone.com/bank/checking/200.php

This is a YMMV since the terms on the offer page online refer to the mailer, however some have reported receiving the offer via email only direct from Capital One, so they should take it. Here are the full terms of the offer:

▲ $50 minimum opening deposit required. Bank rules and regulations apply. Ask us for details.

† The Capital One, N.A., payroll/direct deposit reward promotion is effective for sixty (60) days following the day of a consumer’s receipt via U.S. Mail of the required invitation addressed to his/her attention. To qualify for the $200 cash reward, you must present this mailer you received when you open a Capital One Bank branch personal checking account during the promotional period and enroll in payroll/direct deposit within 90 days of account opening. Qualifying individuals will receive a $200 credit to their checking account approximately 6-8 weeks after the first payroll/direct deposit transaction is posted to the account. Limit one reward per customer.

If you don’t have a direct deposit, check out my prior post on faking a direct deposit to qualify for bonuses and avoid service fees.

I did this deal last year after receiving the mailer and got my bonus without issue. One interesting observation is that Capital One doesn’t send 1099-INT forms for bonuses paid on non-interest bearing accounts, so this amount likely will not be reported to the IRS.

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Another $200 Chase Business Checking Bonus – Expires 3/28/2009

February 3rd, 2009

Our buddy over at Hustler $$$ Blog found this offer for a $200 bonus with a new Chase business checking account. Simply print the coupon found here (go ahead and print it now, as Chase has been pulling online coupons early recently) and go into a branch to open. If you fund the account with a minimum of $500 within 30 days of opening you will receive a $200 bonus.

I’ve done these bonuses before without issue. It seems to vary slightly as to what credentials are required to open a business checking, but I have opened them before simply using my drivers license and state-issued CPA license and told them I was operating as a sole proprietor. You can read about my previous experience with opening a business checking account here.

Hustler $$$ Blog reports that you need to have a Chase Business credit card, link it to your checking, and carry a balance on it to qualify, but I honestly don’t see that requirement anywhere on the offer.

Also remember that you will need to keep the account open for at least six months, or they will debit the account for the bonus received when you close it. Have fun!

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$400 in bonuses for opening Chase checking accounts until 3/15/2008! (YMMV)

February 28th, 2008

I posted several months ago about a $200 bonus offer for opening a Chase business checking account. Well, the offer is back again, with the only change being a minimum deposit of $500 instead of $100. The offer is valid until March 15, 2008, and you can download your coupon at:

http://www.chase.com/ccp/index.jsp?pg_name=ccpmapp/smallbusiness/shared/page/business_checking_offer3

To make the deal juicer, while you are there you can open a free personal checking account with $100 minimum and direct deposit for a $125.00 bonus. The coupon for the $125.00 bonus can be found in the new mover/change of address packet at the post office.

But wait – there’s more! The word is that there are $50 business referral coupons out there that can be combined with the business checking offer. Some are also reporting that they have been offered a $50 bonus for opening a business savings account, but it seems this was a targeted promotion, so YMMV on that one.

Additionally, there are $25 referral coupons for the personal checking account. Add together all the referral coupons and account opening bonuses and you can get $400 (maybe $450) for opening a few bank accounts.

If you need referral coupons, I would suggest posting in the relevant threads on SlickDeals and FatWallet. I believe the referrer gets a bonus if the coupon is used, so there is incentive for people to share the coupons.

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$200 bonus for opening a Chase Business Checking account

September 28th, 2007

Update 11/27/2007: New working link at http://www.chase.com/ccp/index.jsp?pg_name=ccpmapp/smallbusiness/shared/page/200_coupon_offer&ID=0000007224. Offer still expires on 11/30/2007. Thanks RJ!

Update 11/24/2007: Unfortunately, it looks like the link to generate a coupon code for this offer is now dead. You may want to try contacting one of the nice Chase bankers that have posted their information in the comments to this post to see if they can still get this offer for you. If you already have a coupon code for this offer, you have until 11/30/2007 to open your account.

Just when I am trying to simplify my financial life, here comes a financial offer I can’t refuse!

From now until 11/30/2007, you can get a $200 bonus for opening a Chase Business Checking account by bringing in the coupon from Chase here. Watch out because the fees can get you on even their most basic account, however you may qualify for a fee waiver for the first 12-24 months (see my experience below). Also note that this is a business checking account, so you may be required to produce some type of documentation to show you actually have a business of some sort. Minimum balance to open is $100, and you have to keep the account open for at least 6 months or the bonus will be debited from the account at closing.

Here is my experience: I did this offer yesterday by going into a branch here in Texas. The rep asked for some background on my business, what I did, expected revenues, etc. I told her I was a CPA* doing freelance work part-time and that my business would be a sole propreitorship. I did not have a tax ID for the “business” as I am selling professional services and not goods, however I did give her a copy of my CPA license as documentation of what I did. She explained the products Chase offered and said that they were offered as a “suite” of products, so they would be opening a business savings, business credit card, and business check card along with the checking account. I didn’t originally intend on opening the accounts, but I didn’t feel like arguing it since there were no fees associated with any of them.

It took forever for them to set up the accounts, but once I was done they had opened the checking, savings, and a Business Chase Freedom card with a $20k line that had a promo BT rate of 0% for 6 months ($75 max fee). The checking account was opened with a rewards check card linked to it that had a $25 fee, but when I asked about it they just credited my account an extra $25 to cover the fee for the first year.

It is also worth noting that in my case the service fees were waived for the first year due to my membership in a certain particular professional organization that Chase had an arrangement with. If you belong to a professional organization of some sort, it may be worth checking to see if they have a “Chase at Work” arrangement with the bank that provides special concessions for new customers.

While we were waiting for one of the other bankers to set up the accounts, the rep I was working with pulled out a book of coupons they are given to provide enticements to get customers to open new accounts. She had a $200 coupon for the checking account, although the minimum balance to qualify for the bonus on that coupon was $10,000. She also had a few others for the reward check card ($65 if I’m not mistaken) and some others as well although she didn’t show me all of them. She said that her and the branch manager would go through the offers they had to see if there were any other bonuses that I qualified for and credit those to my account. I don’t know that it will happen, but if it does I will be really impressed. However, if I had known amount those other offers available I would have asked about the availability of bonuses on the other products before allowing those to be opened to make sure they get credited to my account.

Overall I was really impressed with the experience (except for the time it took) and how accommodating they were in an attempt to gain my business. I will likely still close the accounts after the first six months (unless I have a substantial amount of revenue from my side projects), but should I have need for the services I would definitely consider doing business with Chase in the future.

Update: I opened the account on 9/27, and the bonus was credited on 10/2. Today, I also received an order of pre-printed checks and deposit slips for the account. I didn’t order them, but so far I haven’t been charged.

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