ANOTHER Banking Bonus! Receive $200 With Chase Business Savings Account (NO Hard Credit Pull)!

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If you’ve got a side-hustle setup to make a little extra cash, you can also rack-up lots of miles & points with small business credit cards.  For example, the Ink Business Preferred℠ Credit Card has a sign-up bonus that is worth at least $1,000 in travel (you can read our full review of the card here)!

But that’s not the only way to earn extra rewards.  Sometimes banks will offer bonuses for opening a business account with them.  And right now, Chase banking has a deal, and it comes with a $200 cash bonus.

First, you’ll need to open a new Chase Business Total Savings (or higher tier) account.  Then you’ll need to deposit $15,000+ in new money into your account within 10 business days of opening the account.  Once you’ve had at least $15,000 in your account for 90 days, you’ll receive the $200 bonus!

Bank Account Bonuses = Easy Cash

Here’s what you need to know:

  • This offer is NOT available to folks who already have a Chase Business Savings account or fiduciary account
  • NOT available to anyone who has closed their account within 90 days or closed with a negative balance
  • New money you deposit can NOT be funds held by Chase or Chase affiliates
  • You can receive 1 new business savings account opening bonus every 2 years
  • You can receive 1 bonus per account
  • You must keep your account open for at least 6 months, or Chase will take the bonus back

Note:   Bank account bonuses are taxable, because they are considered income.

These bank accounts have a fee of $10 per month, but you can waive that fee as long as you keep a balance of at least $1,000 in your account.  You’ll also have the fee waived if you maintain a Chase Business Total Checking account linked to this new account.

Chase will deposit the bonus into your account within 10 business days of completing the above requirements.  Here’s a link to the offer!

We’re always looking for deals to help you earn Big Travel (or cash in general), so let us know if you find these kinds of deals useful!

And remember, you do NOT need to do your business banking with Chase in order to be approved for a Chase business card.  Depending on your business structure, you can apply using just your social security number and name instead of an EIN and formal business name on your application!

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Joseph Hostetler is a full-time writer for Million Mile Secrets, covering miles and points tips and tricks, as well as helpful travel-related news and deals.

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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1 year ago

I’ve seen this offer from a chase before. I have not yet decided it’s worth the time and effort to move $15k for 90 days for $200.

Andrew W
Reply to  Gabrielle
1 year ago

Hi Gabrielle,

Good point. $15k is a lot of money to tie up for some time for a welcome bonus. I personally only do it if the bonus is $500 or more, or if I don’t have any other uses for the $15k funds in the near future.

1 year ago

$200 for $15000 deposit?

This is a really bad deal. — you can earn more on interest in a money or CD. A good checking account will offer 2percent a year which would net $300 a year

Andrew W
Reply to  Sean
1 year ago

Hi Sean!

This is just a regular welcome bonus, so you’d earn the $200 after just roughly 90 days.

That said, I personally would probably only do it if the bonus was much higher, say maybe $500. Because that’s a long time to have to tie up $15k!