SOME Americans could get hundreds of dollars from Chase Bank.
The financial institution is giving away the free money contingent on some actions from consumers.
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Most importantly, they must be seeking a new checking and savings account.
They would open a Chase Total Checking and Savings account as a first qualification for the bonus cash.
Next, they’d need to ensure that direct deposit from their place of employment was associated with at least the Chase Total Checking account within 90 days of it being opened.
Additionally, and arguably the most challenging qualification, they would need to deposit at least $15,000 within 30 days of the Chase Savings account’s opening.
Read More on JPMorgan Chase
That $15,000 balance must also not be touched, remaining the same for 90 days.
Meeting all the requirements would result in account holders getting up to $900 in free money from Chase Bank.
Consumers must also act fast, as the offer is only available for a limited time and expires on July 16, 2025.
BANK BATTLE
Other banks are running similar promotions with even more free money as summer approaches, per MarketWatch.
Capital One and Citibank are currently offering $1,500 bonuses.
For Capital One, it’s for those who open a 360 Performance Savings Account.
They must meet a deposit requirement of $20,000 first within 15 days of the account being opened.
That deposit must also be held for 90 days after, and then the $1,500 is awarded.
The promotion can only be accessed by using the special “BONUS1500” code on Capital One’s website.
Citibank customers must open checking accounts before July 7 to get $1,500 in free money.
How to contact your bank
WITH bank scams running rampent, it is important to know how to reach out to your bank without risking fraud.
There is of course the foolproof method of going to your bank in person, but you are likely going to be directed to a customer care phone line.
In order to ensure that you are contacting the bank, make sure to use a phone number given to you by the representative or off of the bank’s website.
Some banks also have online helplines that can securely connect you with a representative.
Conversely, if you think the bank is reaching out to you with an account issue – make sure to verify the concern by calling a bank contact that you know is legitimate.
Scammers commonly mascarade as bank representatives to steal information from frightened customers.
Except, the deposit threshold is considerably higher at $200,000 within the first 20 days of the account being opened.
That amount must also be maintained for 45 days, and the cash will be deposited within 30 days afterward.
MAX OFFER
E-Trade from Morgan Stanley’s offer is the most enticing at potentially $10,000 in free cash.
Those consumers who open eligible brokerage accounts with at least $5 million can add a $10,000 sign-up bonus.
While this may not be a feasible bonus for everyone, the free money comes in a tier system.
At the base of a deposit in the brokerage account of $1,000 to $4,999, there’s an extra $50 sign-on bonus.
It gradually increases the more money is deposited initially, but the accounts must be opened by July 31 and be funded within 60 days to get the $50 to $10,000.
There’s also an “OFFER25” promotional code required.
Free money is also coming to select Americans for other reasons this year.
Families in a certain state are getting $500 monthly payments for an entire year thanks to a new guaranteed income program.
At least 80 other households in a different state can also get checks worth $750 monthly.