Chase Secure Banking Bonus: $100 for New Customers

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Chase Secure Banking℠ Checking Account

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• Intro Bonus $100Expires January 22, 2025 More Info

  New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure BankingSM account with qualifying transactions. Qualifying transactions include debit card purchases, Zelle®, ACH credits, Chase QuickDepositSM or online bill payments. Your bonus will appear in your account within 15 days after completing the qualifying transactions.

Chase Secure Banking℠ is best suited for people who have had spending issues in the past, or who are new to checking entirely. It does not offer overdraft protection, paper checks or wire transfers. While the $4.95 monthly fee cannot be waived, there is usually a sign-up bonus, which is a nice touch.

Designed to Discourage Overspending

Chase is one of the most recognizable names in banking. In fact, according to Chase, about 66 million American households use at least one its financial products such as a credit card, personal bank account or Chase small business account. With over 4,700 branches and 15,000 ATMs, Chase offers convenient banking options to consider if you’re searching for a new checking account—especially your first checking account, or your first checking account in a while.

Right now, new Chase Secure Banking℠ customers can enjoy a $100 bonus when they open a new checking account with qualifying activities. On top of that, it offers long-term value thanks to several valuable benefits, including zero fees on most everyday transactions. And while the $4.95 monthly service fee means your account won’t necessarily be free, Chase does offer customers a way to get it waived each month.

Chase Secure Banking Bonus: $100

Everyone enjoys a little extra cash. But you will need to jump through a few hoops to qualify for the $100 bonus Chase Bank offers when you open a new Chase Secure Banking account. As long as you understand the rules up front, earning the bonus shouldn't be too difficult.

You can qualify for the $100 Chase Secure Banking bonus after you complete the following steps:

1. Open a new Chase Secure Banking account by January 22, 2025, either online or at a Chase branch. Your application for a new checking account will be subject to approval. Note: You'll need a coupon to redeem the offer. And if you plan to open your account in person, you'll need to request for a coupon to be sent to you via email.
2. Complete at least 10 "qualifying transactions" within first 60 days after account opening (with an eligible coupon enrollment).

Chase Bank defines qualifying transactions as any of the following: debit card purchases, online bill payments, Zelle transactions, Chase QuickDeposit and ACH credits. (Note: Direct deposit is not a qualifying transaction for this sign-up bonus offer.)

Bonus Eligibility Fine Print

The bonus offer contains some fine print regarding a few exclusions that could disqualify you from receiving the $100 bonus as well.

You will not be eligible for a new account bonus under any of the following conditions:

• You're an existing Chase checking customer.
• You closed a Chase checking account within the past 90 days.
• You closed a Chase checking account with a negative balance anytime in the last three years.
• You received a new checking account bonus from Chase within the last two years.
• You're an employee of JPMorgan Chase Bank, N.A. or one of its affiliates.
• The enrolled Chase Secure Banking account is restricted or closed at the time of bonus payout.

As long as none of the exclusions above apply to you, you will receive your $100 Chase Secure Banking bonus within 15 days after completing the bank's requirements above. It's also worth noting that Chase Bank will count your new account bonus as interest and report it to the IRS via Form 1099-INT or Form 1042-S.

Recommended Bank Bonuses

Bank Account	Intro Bonus	Minimum Deposit	Learn More
SoFi Checking and Savings Open Account Member FDIC Member FDIC	$50-$300Expires December 31, 2024 More Info New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus when they set up Direct Deposit of at least $1,000 during the Direct Deposit Bonus Period. Cash bonus will be based on the total amount of Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 12/31/24. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. SoFi members with Direct Deposit can earn 4.20% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the 4.20% APY for savings (including Vaults). Members without Direct Deposit will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 10/31/2024. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.	N/A	Open Account
Chase Total Checking® Account Open Account	$300Expires January 22, 2025 More Info New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities	N/A	Open Account
Key Smart Checking® Open Account	$300Expires December 13, 2024 More Info Earn $300 after qualified activities until 12.13.24 with the no-monthly-maintenance-fee Key Smart Checking®. Geographic restrictions apply and account opening is subject to approval. Offer is available in these states: AK, CO, CT, ID, IN, ME, MA, MI, NY, OH, OR, PA, UT, VT, WA	$10	Open Account
Chase Business Complete Checking® Open Account	$300Expires January 16, 2025 More Info Earn $300 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.	N/A	Open Account

Benefits and Features

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The $100 new account bonus may be enough to pique your interest in a new Chase Secure Banking account. Yet this checking account comes with other perks and benefits (along with a few drawbacks) that you'll want to consider as well when you're comparing available options.

Monthly Service Fee

Opening a Chase Secure Banking account means you must agree to a $4.95 monthly fee, which the bank will deduct from your account balance. However, customers who receive at least $250 in electronic deposits each month do not have to pay this fee. If you're considering this account, it's a good idea to think about whether you'll be able to easily meet this fee waiver requirement.

If you prefer a checking account with no monthly fee at all, it's possible to find some options online or perhaps with a local credit union. However, if you're looking for a nationwide bank with a large footprint of branch locations, the monthly fee (and waiver requirement) isn't bad.

No Fees at Chase ATMs

You can withdraw funds from your account anytime at a Chase ATM without incurring any fees. And with 15,000 Chase ATMs, it's often easy to find free locations to access the cash in your checking account.

But if you use a non-Chase ATM, you may be charged fees by both Chase and the ATM network. Non-Chase ATM fees may apply for any of the following:

• Withdrawal
• Balance inquiry
• Funds transfer

As is often the case, fees are higher for non-Chase ATM withdrawals conducted outside of the United States. Because of these fees, it's important to confirm (either online or via phone at 1-800-935-9935) that there's a Chase ATM and/or branch near you. Otherwise it could be costly to access your cash when you need it.

Send and Receive Money for Free

Another benefit of the Chase Secure Banking account is the option to send and receive money for free through Zelle®. To use Zelle, you must enroll your account. Both you and the other party must have a valid bank account based in the United States.

Potential for Early Direct Deposit

Chase Secure Banking customers who set up direct deposit may receive their funds up to two business days early. While Chase Secure Banking isn't the only account on the market to offer early direct deposit, it's still a nice benefit that can potentially ease some stress for those who are struggling with money management issues.

Chase Mobile App

As a Chase Secure Banking customer, you can download the Chase Mobile app for free. The app provides a user-friendly way to manage your checking account, featuring the ability to:

• Check your balance
• Deposit checks
• Pay bills

If your device doesn't support the Chase Mobile App, there is also another option available to you. You can perform the same account functions above from most internet browsers via Chase Online℠.

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Fee-Free Money Orders and Cashier's Checks

Chase Secure Banking customers can enjoy no fees on both money orders and cashier's checks. This is a good deal because with other accounts, like Chase Total Checking®, the fees for these services often range from $5 to $8 per request.

To purchase a money order or cashier's check, you need to visit a brick-and-mortar Chase branch. Make sure you have sufficient funds in your account, and be prepared to show your I.D. when you arrive.

Referral Program

As a Chase Secure Banking customer, you are eligible to participate in the Refer-a-Friend program. You can invite your friends to open an eligible Chase checking account using a special referral link you request online. You can earn $50 per referral who opens a qualifying account—up to a total of 10 times each calendar year.

Like the new account sign-up bonus, there are some restrictions with the Chase Refer-a-Friend program as well. For starters, your referral must open a new Chase Total Checking account for you to receive a $50 referral fee. The new customer will need to complete qualifying activities (as listed above) as well. Finally, employees of JPMorgan Chase Bank, N.A. or any affiliates of the bank cannot participate.

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Drawbacks

While Chase Secure Banking does have a lot of advantages, there are some drawbacks to consider.

• No Interest: In general, checking accounts aren't known for their interest-earning potential. (Although some high-yield checking accounts do exist). But the Chase Secure Banking account doesn't earn any interest at all.
• No Overdraft Protection: Without overdraft protection services, Chase Bank will simply deny a transaction if you try to make a charge that's larger than your available account balance. And while having a bank deny your transaction can be awkward, it's better than the consequences of sending your checking account balance into the red.
• No Paper Checks: Another feature the Chase Secure Banking account is missing is the ability to write paper checks. If you prefer a checking account that gives you the option to write checks, you may want to look at some different options.

Compare Other Checking Accounts

Since the Chase Secure Banking account doesn't offer any interest-bearing capability, here are some other checking account options that offer the opportunity to earn interest on your balance.

Checking Account	APY	Sign-Up Bonus	Monthly maintenance fee	Learn More
SoFi Checking and Savings Open Account Member FDIC Member FDIC	0.50% - 4.20% More Info SoFi members with Direct Deposit or $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 4.20% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either Direct Deposit or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Only SoFi members with direct deposit are eligible for other SoFi Plus benefits. Interest rates are variable and subject to change at any time. These rates are current as of 10/31/2024. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet	$50-$300Expires December 31, 2024 More Info New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus when they set up Direct Deposit of at least $1,000 during the Direct Deposit Bonus Period. Cash bonus will be based on the total amount of Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 12/31/24. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. SoFi members with Direct Deposit can earn 4.20% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the 4.20% APY for savings (including Vaults). Members without Direct Deposit will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 10/31/2024. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.	$0	Open Account
Axos Rewards Checking Account	Up to 3.30% More Info Earn up to 3.30% APY for completing qualifying activities.	Up to $500Expires July 31, 2024 More Info Cash in on up to a $500 bonus† and up to 3.30% APY* with a new Rewards Checking account. Just use promo code RC500 before July 31.	$0	This product is currently not available via Slickdeals. All information about this product was collected by Slickdeals and has not been reviewed by the issuer.
Quontic Bank High Interest Checking Open Account	Up to 1.10% More Info 10 debit card point of sale transactions of $10 or more per statement cycle required to earn the maximum APY per account balance tier. If the qualifying activity requirement is NOT fulfilled, the interest rate paid on the entire balance will be 0.01% APY.	N/A	$0	Open Account

Who Is Chase Secure Banking for?

A Chase Secure Banking account is worth considering if its limitations could help you manage an account more easily or if your ChexSystems or similar report makes it difficult to qualify for a new checking account. Plus, it's more attractive than a number of the second chance checking account choices you might be considering as an alternative.

A Chase Secure Banking account can help you establish a traditional banking relationship with a brick-and-mortar bank and it provides many of the benefits of a traditional checking account, like direct deposit, ATM access and mobile banking tools.

However, if you have a good banking track record or you want more features, such as check-writing capability or wire transfers, you may want to review other attractive bank accounts with cash bonuses first. A different account (like Chase Total Checking or Citi Basic Banking Account) might suit you better.

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