Cash in on the Chase Business Checking Bonus: A Step-by-Step Guide

Learn how to secure a bonus with the Chase Business Complete Checking account. We break down the deposit requirements, transaction rules, and how to waive the monthly fee.

Cash in on the $500 Chase Business Checking Bonus: A Step-by-Step Guide

Chase is currently offering a compelling incentive for new business owners and entrepreneurs. You can earn a $500 bonus by opening a new Chase Business Complete Checking® account and meeting specific deposit and transaction requirements.

Here is the breakdown of how to secure this bonus and whether it’s the right move for your business.

Bonus and Spend Requirements

To earn the full $500 bonus, you must follow these steps:

  1. Open an Account: Open a new Chase Business Complete Checking® account online or in-branch.
  2. Deposit New Money: Deposit a total of $10,000 or more in new money into your new account within 30 days of offer enrollment.
  3. Maintain Balance: Maintain at least a $10,000 balance for 60 days from the date of deposit.
  4. Complete Qualifying Transactions: Complete at least 5 qualifying transactions within 90 days of enrollment. Qualifying transactions include debit card purchases, ACH credits, wire credits/debits, and Chase QuickDeposit.

Is there a lower-tier option?

Yes. If you deposit between $2,000 and $9,999 and maintain that balance for 60 days (along with the 5 transactions), you typically qualify for a $300 bonus.

Annual Fees and How to Waive Them

The Chase Business Complete Checking® account has a $15 monthly service fee. However, it is very easy to waive this fee. You can avoid the $15 fee by meeting ANY of the following each monthly statement period:

  • Maintain a $2,000 minimum daily balance.
  • Spend at least $2,000 on your Chase Ink® business credit card.
  • Receive $2,000 in deposits from Chase QuickAccept℠ or other eligible Chase Merchant Services.
  • Link a Chase Private Client Checking℠ account.
  • Provide valid proof of military status.

Key Credits and Benefits

  • Built-in Card Processing: Accept credit card payments anytime, anywhere in the U.S. with Chase QuickAccept℠.
  • Same-Day Deposits: Get free same-day deposits with QuickAccept at no additional cost.
  • Leading Mobile App: Chase has one of the highest-rated mobile banking apps for business owners.
  • Access to Experts: In-person support at thousands of Chase branches nationwide.

Estimated First-Year Value

Component Value
Sign-up Bonus $500
Maintenance Fees -$0 (Assuming waiver met)
Total Estimated First-Year Value $500

PointsGobbler Verdict

The Chase Business Complete Checking $500 bonus is an excellent "risk-free" return on your cash. While the $10,000 deposit requirement is higher than some previous $2,000 offers we’ve seen, the $500 payout represents a 5% return over 60 days (which is roughly 30% APY).

Recommendation: If you have $10,000 sitting in a low-interest savings account, moving it to Chase for a couple of months to snag this $500 is a no-brainer. If you can only spare $2,000, the $300 bonus tier is still a solid ~15% return for the same period.

Always confirm the latest offer terms on the official Chase website or at your local branch before opening an account, as these promotions can be targeted or expire early.

Note: This offer is historically valid for new business checking customers. If you’ve had a Chase business checking account in the last 20 days or closed one with a negative balance, you may not be eligible. Only one bonus per account, per 2 years.