My photo
Got a tip for your fellow cheapskates? Send it to hardtimesnewsletter@gmail.com!

Thursday, June 4, 2009

$100 for opening a Chase checking account.

$100 for opening a checking account? Yes, that's how desperate Chase is for new business. What you do is you go to this site, enter your email, and they send you a coupon, which you take to a local branch and open up your account with.

Of course, there are a few caveats:

1) You have to deposit $100 into it.
2) The $100 can't come from another Chase account or an affiliate.
3) Within 60 days, you have to either make 5 debit card purchases, or set up direct deposit.
4) You have to keep the account open for 6 months or they take the $100 back.
5) If you don't set up direct deposit and you don't make at least 5 debits a month, you get hit with a fee.
6) Cash bonus is considered interest and will be reported on IRS Form 1099-INT (i.e., you pay taxes on it next year).

That's a lot of trouble, especially remembering to make the debit purchase (because you probably already have direct deposit set up in your REAL checking, right?). Still, a hundred bucks is a hundred bucks.


No comments:

Post a Comment

Swidget 1.0 3