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Old Jun 12, 2010 | 12:35 pm
  #1075  
wise2u
 
Join Date: Mar 2010
Posts: 1,173
nope

Originally Posted by Circuits
I opened a Chase personal checking in early May, and 22,500 of the bonus has posted to my OP account so far. Carefully weighing the business checking account option, as well, since I can always use another 25k.

Some notes if you do happen to have both business and personal:

1) I was told that opening a business checking, when you already have a personal, provides the benefit that making your fee-waiving transactions (direct deposit or 5 debit card transactions) on the business checking waives them for the personal checking, too.
2) You can set up an outside bank account to make transfers into your chase accounts - which should count as a direct deposit transaction.

If it's possible to get the 25k bonus for both personal and business, and you do a little legwork to set up direct deposit to yourself (presuming your employer can't or won't split your direct deposit, if you have it, to more than one account), then it should be possible to generate 50k per year with no actual spend, and a modest funds transfer commitment from an existing bank account.
it is possible to get both bonuses as business and personal are seperate things with chase and you can get the bonus once per calender year for each. you have to keep them open 6 months to not pay a penalty. you cannot make a transfer and call it a DD it has to be a payroll or government check. They do not waive the 5 transaction requirement if you have both accounts, like I said they treat them as seperate...so you have to make 5 swipes with each debit card per month to avoid the monthly fees.

Last edited by wise2u; Jun 12, 2010 at 12:37 pm Reason: one more point
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