It’s not every day that you see a $3000 bonus from Chase. As a result, it’s worth pausing and learning about the bank signup bonus and see if you can qualify. This is an excellent offer if you want a high-end Chase banking account.
Getting the $3000 Bonus from Chase
Enjoy up to a $3,000 bonus when you open a new Chase Private Client Checking℠ account with qualifying activities. Within 45 days of coupon enrollment, transfer qualifying new money or securities to a combination of eligible checking, savings and/or J.P. Morgan Wealth Management non-retirement accounts (excludes Chase Personal and Business CDs, Chase business checking and savings accounts, any J.P. Morgan Self-Directed Investing & Automated Investing, J.P. Morgan Personal Advisors Accounts, and J.P. Morgan Wealth Management retirement accounts). Your bonus will be determined on day 45. Maintain your new money for 90 days from coupon enrollment and enjoy your bonus. Chase will add it to your account within 40 days.
A $1,000 bonus and a $2,000 bonus are also available with smaller qualifying deposit amounts.
The deposit thresholds and bonus amounts are as follows:
- $1,000 bonus: $150,000 to $249,999 in deposits
- $2,000 bonus: $250,000 to $499,999 in deposits
- $3,000 bonus: $500,000 or more in deposits
Related: Is Chase Private Client Worth It? Our Review
Eligible Account Deposits
Depositing at least $150,000 within a short period can be a struggle for some. Thankfully, you can deposit new money into several banking and brokerage accounts:
- Personal checking accounts
- Personal savings accounts
- Qualifying J.P. Morgan Wealth Management non-retirement account (opened in a Chase branch and serviced by a J.P. Morgan Private Client Advisor)
So, you can deposit new checking, savings, or brokerage securities within the first 45 days to qualify. This flexibility makes it easier to achieve the deposit minimums while having more flexibility with how you allocate your cash reserves.
Further, you can earn one Chase Private Client Checking℠ new money bonus or savings promotional rate offer in a 12-month period from the last bonus coupon enrollment date. This can be part of some of the best Chase Checking and Banking accounts.
Chase Private Client Requirements
The general public can open a Chase Private Client account by meeting with a banker at a local Chase branch. You can request a $3,000 bonus offer coupon code online to start the enrollment process.
It’s best to consider opening this account when you can maintain a minimum $150,000 daily balance or link a Chase Platinum Business Checking℠ account. Either action waives the $35 monthly service fee.
You might want to review the Chase Private Client vs Sapphire Banking for further reading.
What is the Chase Private Client Bonus for 2024?
Enjoy up to a $3,000 bonus when you open a new Chase Private Client Checking℠ account with qualifying activities. Within 45 days of coupon enrollment, transfer qualifying new money or securities to a combination of eligible checking, savings and/or J.P. Morgan Wealth Management non-retirement accounts (excludes Chase Personal and Business CDs, Chase business checking and savings accounts, any J.P. Morgan Self-Directed Investing & Automated Investing, J.P. Morgan Personal Advisors Accounts, and J.P. Morgan Wealth Management retirement accounts). Your bonus will be determined on day 45. Maintain your new money for 90 days from coupon enrollment and enjoy your bonus. Chase will add it to your account within 40 days.
A $1,000 bonus and a $2,000 bonus are also available with smaller qualifying deposit amounts.
The deposit thresholds and bonus amounts are as follows:
- $1,000 bonus: $150,000 to $249,999 in deposits
- $2,000 bonus: $250,000 to $499,999 in deposits
- $3,000 bonus: $500,000 or more in deposits
Is the $3000 Bonus from Chase Worth It?
The $3,000 Chase Private Client checking bonus is one of the best checking account bonuses you will ever earn at once. If you have sufficient cash reserves and are a loyal Chase Bank customer, opening or upgrading to this account is an easy way to scoop up more rewards while expanding your banking relationship.
You may also want to ensure you can continually waive the $35 monthly fee. Be sure you’ll use the Private Client exclusive benefits such as no ATM fees worldwide, interest rate discounts, or free wire transfers.
Additionally, don’t forget that bank account signup bonuses are taxable and reported on IRS Form 1099-INT. You may need to time your bonus for another calendar year for tax planning purposes. This is a small frustration as credit card bonus offers are non-taxable.
Alternatives to the Chase Private Client $3,000 Bonus
This $3000 bonus from Chase isn’t for everybody. Fortunately, there are other valuable offers to consider instead that are easier to earn.
Chase Business Complete Banking
Do you run a business? If so, Chase Business Complete Banking® yields a $300 bonus with qualifying activities.
Earn $300 when you when you open a new Chase Business Complete Checking® account. For new Chase Business Complete Banking® customers with qualifying activities.
Among other ways, maintaining a $2,000 balance also waives the $15 monthly service fee. Another route is linking a Chase Private Client Checking℠ or another qualifying account.
Chase Total Checking
New Chase checking customers enjoy a $300 bonus when they open a Chase Total Checking® account and make direct deposits totaling $500 or more within 90 days of coupon enrollment.
Other benefits of this account include access to Chase Overdraft Assist℠ and fraud protection, including Zero Liability Protection, fraud monitoring, and the ability to lock your card. The Chase Mobile banking app and access to many banks and ATMs are convenient benefits.
There is no minimum balance needed to open the account. However, there is a $12 monthly service fee. But, it can be waived to $0 with one of the following, each monthly statement period:
- Electronic deposits made into this account totaling $500 or more, such as payments from payroll providers or government benefit providers, by using (i) the ACH network, (ii) the Real Time Payment or FedNow℠ network, (iii) third party services that facilitate payments to your debit card using the Visa® or Mastercard® network
- OR a balance at the beginning of each day of $1,500 or more in this account
- OR an average beginning day balance of $5,000 or more in any combination of this account and linked qualifying Chase checking, savings, and other balances.
Chase Sapphire Reserve
The Chase Sapphire Reserve® is a premium travel credit card that offers luxury perks that can complement a Private Client checking account for big spenders and frequent travelers. Its signup bonus is easy to earn: New Chase Sapphire Reserve® cardholders can earn 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening. That’s $900 toward travel when redeemed through Chase Travel℠.
You can also enjoy the Chase 1:1 airline and hotel transfer partners.
The annual fee is $550 for the primary card plus $75 per authorized user. There is no foreign transaction fee. Other notable benefits include an annual $300 travel credit, a 50% point redemption bonus for award travel bookings, and airport lounge access.
Summary
In conclusion, this $3000 bonus from Chase is intended for high earners and Chase Bank customers who perform large transactions or who can benefit from fee waivers for optional services. If you’re ready to deposit at least $150,000, you can earn at least $1,000 with a Chase Private Client Checking℠ account.
Related Articles:
- Here’s How You Can Get $500 From Chase Bank (And More)
- The Best Business Checking Accounts
- Best Bank Account Bonus Offers
J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, member FINRA and SIPC. Insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.
INVESTMENT AND INSURANCE PRODUCTS: • NOT A DEPOSIT • NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNEMENT AGENCY • NO BANK GUARANTEE • MAY LOSE VALUE
