Do you happen to have $250,000 and really like Chase Bank? You now have the opportunity to become a Chase Private Client and receive a bonus for doing so!
The first requirement in order to get this offer is have a regular Chase account. If you do, meet with a Private Client Banker by April 23rd in order to upgrade that account. Once upgraded, you must transfer a total of $250,000 of new money into either the checking, savings, or eligible investment accounts. Once you have that $250,000 in there, you must keep it for at least 90 days. After the 90 days of having $250,000 in your account are over, you will receive a bonus of $1250 within the next 10 days.
Just to emphasize, the $250,000 must be new money, from non Chase/JP Morgan accounts. Any You Invest SM, Certificates of Deposit, insurance products, fixed and variable annuities, 529 college savings plans, and any retirement plans do not count towards the $250,000 requirement. Also, this is not available to existing Chase Private Clients.
Additionally, make sure to keep the account open for at least 6 months. Chase will clawback the bonus if you decide to close the account sooner than that.
If you happen to have an extra $250,000 laying around, and don’t mind holding that money up in a Chase account for a few months, then this offer could be a good one for you. Chase will usually offer these upgrades every so often, so if you’re looking for the best value, you could signup for a checking account with the $600 bonus, and then upgrade to the Chase Private Client account for another bonus after 12 months.
In general though, Chase doesn’t really have the most competitive rates when it comes down to its banking accounts. If you really value the Private Client perks, then this is probably the best way to go about it. Just remember that this is new money, and a lot of things don’t count, such as money in retirement accounts. However, if you don’t care too much for that, I think there may be better ways to park that $250,000.
What do you think about becoming a Chase Private Client? Let us know down below!