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This promotion has ended.

If you’ve been thinking about opening a checking account at Chase, then they’ve announced a new checking account promotion that is perfect for you. How about $100 to open a checking account with at least $100 in new money to Chase, 5+ debit card transactions in 60 days (or a direct deposit), and keep that account open for 6 months. Then a cool hundred is deposited into your account 10 days after meeting those requirements. This is one of the few promotions that doesn’t require a direct deposit, which is pretty rare.

Here’s are the specifics of what you need to do to get the $100 bonus:

• Open a new Chase Checking account with at least $100 in money not currently held by Chase or its affiliates. If you have a savings account already, you can’t just open a new checking account and transfer $100 from savings.
• Within 60 calendar days, you must setup a monthly electronic direct deposit OR have at least five debit purchases posted to your account. Some credit and debit transactions take days to post so if you go the debit card use route, I’d make the fifth purchase by the 45th day to be safe.
• The $100 checking account bonus will be deposited into your account within 10 business days of meeting the requirements.

It’s a pretty standard checking account promotion offer with one caveat, the account needs to remain open for a minimum of 6 months or the bonus will be taken away. The bonus is reported as interest on a 1099-INT, which is typical, and the Chase Checking account has no monthly service fee if you have a direct deposit or make at least five debit card purchases each statement period (typically a month). If you don’t have a direct deposit or make 5 transactions, then the monthly service fee is $6 per month.

Unfortunately, this offer expires May 28th, 2010 and isn’t available for existing Chase checking customers.

Enjoy!