Chase Bank has announced a new promotion through which it is possible to receive a $3,000 bonus. Sounds good, right? It is important to pay attention to the details of these types of promotions. This promotion, which is valid until January 21, 2026, requires customers to open a private checking account in which they must deposit more than $500,000 to receive the $3,000 bonus. The amount of the bonus varies depending on the money deposited, with the mentioned figure being the maximum possible.
It is important to emphasize that, among others, JP Morgan Self-Directed Investing Accounts and JP Morgan Wealth Management Personal Advisors Accounts are not eligible. According to the promotion, opening a Chase Private Client Checking account not only comes with the benefit of the initial bonus but also includes personalized service, exclusive events, loan discounts, and higher transaction limits. According to NerdWallet, this offer is rated 3.3 out of 5 stars.
Chase Bank
Chase Bank is the commercial and consumer banking division of JPMorgan Chase & Co., one of the largest financial services firms in the world. Among its products and services, it offers checking and savings accounts, credit cards, mortgages, auto loans, and business banking. The bank operates nationwide in the United States and has an extensive network of physical branches and digital banking services. Recently, it announced a new promotion aimed at attracting new customers, specifically those with a mid-to-high income level.
$3,000 Chase Bonus
The new promotion announced by Chase under the name Chase Private Client Checking Account aims for customers to deposit a significant amount of money into an account in exchange for receiving a bonus. This promotion is valid until January 21, 2026, and requires a meeting with a private banker to start the process. The money must be new, or it must be assets transferred from outside Chase, and the customer will have a 45-day period to make the deposit after enrollment.
Bonus levels
Although the offer mentions a $3,000 bonus, the truth is that it will depend on the amount the client deposits:
- Over $500,000 – $3,000.
- $250,000 to $499,999 – $2,000.
- $150,000 to $249,999 – $1,000.
Eligibility
Not all accounts are eligible for this promotion. The new money must be transferred to a combination of the following accounts:
- Personal Checking Accounts.
- Personal Savings Accounts.
- Non-Retirement Accounts at J.P. Morgan Wealth Management.
On the other hand, there are accounts that are not valid for depositing money:
- Personal and Business Chase CDs.
- Business Checking and Savings Accounts.
- JP Morgan Self-Directed Investing Accounts.
- JP Morgan Wealth Management Personal Advisors Accounts.
Other Benefits
Opening a Chase Private Client Checking Account is not solely beneficial for receiving a financial bonus; it also offers a range of other advantages:
- Higher Limits: Access to higher transaction limits.
- Loan Discount: Potential 0.25% discount on auto loan rates.
- Personalized Service: A dedicated private banker and U.S.-based banking support 24/7.
- Exclusive Events: Access to cultural and sporting events, family experiences, and J.P. Morgan Leadership seminars with financial experts.
According to NerdWallet, this promotion deserves a rating of 3.3 out of 5 stars. Additionally, it notes that there is an expensive overdraft fee and monthly fees that can be avoidable. Experts warn that this type of promotion is best for “customers who want access to many branches, are not looking for the highest deposit rates, and can maintain a large enough balance to avoid a monthly fee”.