Are you looking to make the most out of your banking experience? Chase Bank frequently presents attractive offers, especially for new customers. One such offer focuses on the Chase Secure BankingSM account, designed to provide accessible and convenient banking solutions. Let’s delve into the details of a recent Chase Bank offer and understand how you can benefit.
Chase Secure Banking Offer: Earning a Bonus
Chase Bank periodically introduces bonus offers to incentivize new customers to open accounts. A recent promotion highlighted the Chase Secure BankingSM account. This offer was specifically for those who are not current Chase checking customers and haven’t had an account closed recently (within 90 days, or closed with a negative balance in the last 3 years). It’s important to note that Chase typically limits these bonuses to one per person every two years and one per account.
To take advantage of this specific Chase Bank offer, you needed to:
- Open a New Chase Secure BankingSM Account: Your application is subject to approval, as with any bank account opening.
- Complete 10 Qualifying Transactions within 60 Days: This is where you actively engage with your new account. Qualifying transactions are designed to be everyday banking activities, making it easy to meet the requirement.
What counts as a qualifying transaction? Chase makes it convenient by including various common banking activities:
- Debit Card Purchases: Use your Chase debit card for your daily spending.
- Online Bill Payments: Pay your bills directly through Chase’s online platform.
- Chase QuickDepositSM: Deposit checks remotely using your mobile device.
- Zelle® Transactions: Send and receive money with friends and family using Zelle®.
- ACH Credits: Receive direct deposits, such as paychecks or government benefits.
Once you fulfilled these requirements and the 10 qualifying transactions were processed in your account, Chase would deposit the bonus directly into your new account, typically within 15 days. Remember, to receive the bonus, your account must remain open and unrestricted at the time of payout.
Understanding the Monthly Service Fee for Chase Secure Banking
It’s crucial to be aware of any potential fees associated with bank accounts. For the Chase Secure Banking account, a Monthly Service Fee of $4.95 applies. However, Chase provides a straightforward way to waive this fee each month.
How to Avoid the Monthly Service Fee:
You can easily avoid the $4.95 Monthly Service Fee by having electronic deposits totaling $250 or more made into your account each statement period. These electronic deposits must come from sources like payroll providers or government benefit providers. Qualifying deposit methods include:
- ACH Network: The Automated Clearing House network is a common method for direct deposits.
- Real Time Payment (RTP) or FedNowSM Network: Faster payment networks for quicker transactions.
- Third-Party Services via Visa® or Mastercard® Network: Certain services that facilitate payments to your debit card.
Keep in mind that new and converted accounts often have a grace period where the Monthly Service Fee is waived for the first couple of statement periods. After this initial period, ensuring you meet the electronic deposit requirement is key to avoiding the fee.
Chase Bank Offers like these can be a great way to enhance your banking experience. By understanding the terms and conditions, particularly the requirements for earning bonuses and waiving fees, you can make informed decisions and maximize the benefits of Chase Bank’s offerings. For the most up-to-date information and to explore current Chase bank offers, it’s always recommended to visit the official Chase website or speak with a Chase banker.
