$400 Chase Business Checking Bonus

The popular $400 Chase business checking bonus is back up, and one that many will be interested in. I will also encourage you to open this one in branch if you can, but I'll go into more detail on why in a bit. This is an improvement of the $300 bonus we have seen on the account for a while now. There is also a $750 offer that requires tying up a lot more money that I added in below too. Don't forget that there is a lucrative $900 personal checking and savings bonus going on with Chase too.

Update 4/14/24: This offer is set to end on 4/18/24. It looks like there is a new offer that is good until later in July but it is only for $300. It is also how you maximize the new Ink Cash welcome offer.

Chase Business Checking Eligibility Requirements

Here are the rules to know if you are eligible for the $400 Chase business checking bonus or not:

• Checking offer is not available to existing businesses with Chase business checking accounts, local, state or Federal Government entities or agencies, Not for Profit organizations, Political Action Committees, or those with campaign or other political accounts, or whose accounts have been closed within 90 days or closed with a negative balance within the last 3 years from account opening. 
• Signers can receive one new business checking account opening-related offer every two years from the last offer enrollment date.
• Offer expires 4/18/24

Business Checking Bonus Details

Here are the details for the $400 Chase business checking bonus:

• Open:
  • Visit a branch or chase.com/business and open a new Chase Business Complete Checking^®  account. To open a Chase Performance Business Checking^® (or Chase Performance Business Checking^® with Interest) account or Chase Platinum Business Checking℠ account, please visit a branch. Accounts are subject to approval.
• Fund:
  • Deposit a total of $2,000 or more in new money into your new checking account within 30 days of offer enrollment.
    • This is an improvement from the $10,000 they required in the past.
• Maintain:
  • Maintain at least a $2,000 balance for 60 days from the offer enrollment. The new money cannot be funds held by your business at Chase or its affiliates; and
• Complete:
  • Complete 5 qualifying transactions within 90 days of offer enrollment. Qualifying transactions are:
    • debit card purchases
    • accepting credit and debit card payments with QuickAccept^®
    • Chase QuickDeposit℠
    • ACH (Credits)
    • wires (Credits and Debits)
    • Chase Online℠ Bill Pay. 
  • ACH (Debits), Person to Person payments such as Zelle® and online transfers to Chase credit card(s) are not considered qualifying transactions.
• After you have completed all the above checking requirements, we'll deposit the offer amount in your new account within 15 days. 

I would probably just load Amazon with $0.50 or $1 five times and call it a day myself.

How To Keep Your Checking Account Fee Free

Here is how you get the $15 Chase business checking account fee waived each month:

• Maintain a $2,000 deposit minimum daily balance
• Spend at least $2,000 on purchases with a Chase Ink^® business credit card
• Receive $2,000 in deposits from QuickAccept transactions or other eligible payment solutions
• Link a Chase Private Client checking account
• Provide valid, qualifying proof of military status (active or veteran)

Link To $400 Chase Business Checking Offer

Why I Would Do This In Branch

Business checking accounts have a lot more governmental scrutiny and oversight than anything else. Because of that, picking the proper business designation, of the hundreds offered, is extremely important. I tried to open this online a few years back and ran in to all kinds of trouble. I needed to make several phone calls and visit multiple branches to get it straightened out. It involved the Know Your Customer department, who rarely answers the phone by the way, and me banging my head against the wall. It ended up taking me 4x-5x longer than it would have if I had just signed up with a banker in the first place. If you want to hear more about the story, you can read it here.

My Personal Experience

I wanted to take a quick second to share my personal experience signing up for this offer. I went in branch, as encouraged above, and met with a business banker to get the account set up. It took about 30 minutes in total to get the account set up and the first deposit made. It probably helped that I already had an account set up with Chase and that they had all of my info. I also set up an appointment ahead of time online to ensure I didn't need to wait at all. I decided to go with the $400 bonus since I thought it offered better value. Now, I just await my debit card to arrive so I can do 5 Amazon loads to trigger that requirement.

Alternative $750 Offer

There is also a $750 out there with the similar requirements, except it requires $30,000 in deposits which will be a hard pass for some. If you think the extra $350 is worth locking up the additional $28,000 then here is the info on that offer.

Link To $750 Offer

$400 Chase Business Checking Bonus: ToP Thoughts

While this $400 Chase business checking bonus isn't as good as the $750 offer from a few years back, it is quite a bit easier to earn. I plan on jumping on this one since it has been a little over two years since I earned that $750 bonus. If you pair this up with their $900 personal checking and savings offer you are looking at a quick $1300 per person. That is not too shabby!

Let me know if you plan on going after this bonus in the ToP Facebook Group.