Originally Posted by deant

Here are the words from the Chase web site:

Monthly Service Fee
None when you have 5 or more debit card purchases (withdrawals from the ATM or cash advance transactions do not qualify) or a direct deposit post to your account during each statement period. The direct deposit qualifier changes to at least one direct deposit of $500 or more and takes effect with the statement periods beginning February 8, 2011. Two or more direct deposits that add up to $500 or more but do not individually equal or exceed $500, do not qualify; otherwise $6 per month

My plan for my personal accounts is to use the $500 DD and then transfer to deposit to my "real" account. For the business accounts I will just use the 5 debit card purchases. Does not sound like there will be a minimum amount for the debit purchases.

If the offer is extended into next year I wonder if the Premier Checking will qualify us the bonus miles? If so, most of us should all be OK in that the terms for the Premier checking are:

5Service Fee Waiver: Combined monthly average ledger balance of $15,000 or more in this account and any consumer checking accounts, consumer savings accounts, CDs, certain Retirement CDs, certain Chase Retirement Money Market Accounts, outstanding balances in first mortgage accounts (with servicing retained by the Bank; must be in good standing), lines of credit (including Credit Card) and installment loans (lines of credit/ loans must be in good standing), Chase Investment Services Corp. investment accounts (last investment statement balance, excluding certain retirement plan investment balances), JPMorgan Funds† accounts (prior end of month balances), annuity products (annuities made available through Chase Insurance Agency, Inc. (CIA) and Chase Insurance Agency Services, Inc.), and personal trust accounts (last business day of prior month) linked for pricing with this account is maintained during the monthly statement period.

So if you have a Chase CC (United, Continental, Marriott etc.) with a $15K line of credit, the account would be free.

Another option is to just take $1,500 in coins in for the deposit and let them sit there for the 6 months.