How do you know that? I was not yet notified of this change and CSRs are not so reliable.

https://www.chase.com/index.jsp?pg_n...-checking-page

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

If I don't open this by December 31st, will they extend this offer? The first post said this is re-occurring. Should I apply now or hold out for a better offer? Will they give me 25K miles for both the personal and business, or just one or another? (totaling 50k)

Thanks, but it does not mean it will apply to current account holders. I have an old free account that has no requirements at all. So unless we get it in writing, nothing changes. It does mean though that for new accounts it will be very different.

Why anyone would open a Chase account when free accounts are all over. Maybe they plan on upping the bonuses

I doubt thay will increase the bonus. With all the new banking rules, the bank revenue is decreasing, espesially in the debit card/credit card and overdraft areas. The days of the free checking are coming to an end. In order to not have a monthly fee you will need to bring the bank revenue by swiping your debit/credit card or keeping a balance or keeping x amount of funds/investments/loans with the bank. In other words, you ned to bring them enough revenue to offset your expense of having the account.

It has already been announced that Chase will stop offering new Continental debit cards in Feb. 2011. We are nearing the last hurrah.

From the Wall Street Journal:

"J.P. Morgan Chase announced this week that it is moving away from debit cards. Starting in February, the lender won't issue debit reward cards to any of its new customers, according to Charlie Scharf, head of retail financial services at the bank."

The normal T&C is one per year. So while this offer is still open get it. If it becomes available next yr take it again.

Your crystal ball is as good as anyone's...

That said, Chase will NOT offer reward debit card effective next February.

And if you spend some time to read this thread you would have found the answers to your last question regarding the 2 types of accounts.

Finally the business account must be opened at the branch so if your location does not have Chase you would then can only open the personal account online and no business account is even possible.

Spend some time to read the thread because all your questions have been answered direct or indirectly other than that nobody can tell you with any certainty that there would be same offer come next year especially in light of recent development.

Seems like Chase will see many FTers on Jan. Makes no sense to me why they will extend it for one more month into 2011.

There is a rumor that they are going to increase the minimum DD to $500 in Feb.

Opened my account on 11/18 with $100 deposit and still waiting on my card and checks

It is not rumor - it is fact in the written Ts & Cs for new accounts. Posted multiple times including the text itself.

Current Accounts will be subject to the SAME requirements as the New Accounts.

Now we will see how long the 5 debit card transactions dont have to be at a minimum amount would survive.

You had a Veteran Day and a Thanksgiving during this period. Debit card came in about 10 days, Checks take even longer.

It WILL apply to current account holders. Here are the details:

Current Acct -> New Acct (AUTOMATIC in Feb 2011)

Chase Free Extra -> Chase Total Checking
Chase Free Classic -> Chase Total Checking
Chase Basic Checking -> Chase Total Checking
Chase Better Banking -> Chase Total Checking

Chase Total Checking details:
$12 monthly fee, waived IF EITHER:
- At least one direct deposit of $500 or more. (multiple deposits <$500 each don't qualify)
- OR, keep a minimum daily balance of $1,500 or more in your checking account.
- OR, keep an average balance of $5,000 or more in a combination of deposit accounts and/or investment accounts with Chase.
- OR, pay $25 or more in qualifying account fees (not including the monthly Service Fee).

Chase Checking -> Grandfathered to Chase Checking*
*To Waive Monthly Fee:
- NEW, At least one direct deposit of $500 or more. (multiple deposits <$500 each don't qualify)
- OR, 5 debit card (non-pin) purchases.

Chase Premier -> Grandfathered to Chase Premier*
*NO Changes in Requirement to Waive Monthly Fee.

Letters are being mailed out to current customers between now and January 2011.

See more at: THIS THREAD

OR HERE

Hope that clarifies it.

SuperG03

Veterans Day was the 11th, and today was the 11th business day not including excluding Thanksgiving.