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Earn 60,000 bonus points with Chase Sapphire Banking

Summary

Chase’s new checking account – Sapphire Banking – offers Sapphire Preferred and Sapphire Reserve cardholders 60,000 bonus points.

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Chase has launched a new premium checking account known as Sapphire Banking. The account, which waives the $25-monthly fee if you maintain an account balance of $75,000 or more, offers the following perks:

  • No ATM fees worldwide
  • No wire transfer fees or stop payment fees
  • No fees on the first four overdrafts within 12 months
  • No fees for foreign exchange rate adjustments on ATM withdrawals or debit card purchases made abroad
  • Free online stock and ETF trades with You Invest by J.P. Morgan

According to CEO of You Invest by J.P. Morgan, Jed Laskowitz, the Sapphire Banking “account is a real example of how we’re rewarding our customers for their relationship.”

60,000 bonus points

Chase has unveiled an exclusive offer that gives Chase Sapphire Reserve® and Chase Sapphire Preferred® Card members – who open or upgrade to a Sapphire Banking account and make $75,000 in qualifying deposits and investments – 60,000 bonus points. Cardholders can apply for the 60,000-point offer in-branch starting Oct. 1, 2018, and online starting Oct. 15, 2018.

There’s no doubt that depositing $75,000 into a bank account may seem inconceivable to many people. But if you can afford it, you have the potential to squeeze more value out of your card. We estimate each Ultimate Rewards point to be worth between 1.25 and 1.5 cents, depending on which Sapphire card you own, making the 60,000-point bonus worth up to $900. Combine the banking bonus with the cards’ 50,000-point sign-up bonus, and you have the potential to earn 110,000 bonus points – for a value up to $1,650.

Comparing Chase checking accounts

For those who don’t plan to deposit a large sum of money, but still want to take advantage of everything Chase Banking provides, there are other options. Chase offers two additional checking accounts: Chase Total Checking and Chase Premier Plus Checking.

See what each account has to offer in the table below.

Chase checking account options

Chase Total Checking®Chase Premier Plus CheckingSMChase SapphireSM Checking
Monthly service fees$12 monthly fee will be waived if:

  • You make $500 in direct deposits or
  • You have a $1,500 balance or more in this account or
  • You have a $5,000 balance or more in combined accounts
$25 monthly fee will be waived if:

  • You have a $15,000 balance or more in combined accounts or
  • You have a Chase first mortgage linked and enrolled in automatic payments from your Chase account
$25 monthly fee will be waived if:

  • You have a $75,000 balance or more in combined accounts
Minimum deposit required to open account$25$25$100
Account benefits
  • Access to 16,000 ATMs and 5,100 branches
  • Chase Online Banking and Online Bill Pay
  • Chase Mobile Banking
  • Access to 16,000 ATMs and 5,100 branches
  • Chase Online Banking and Online Bill Pay
  • Chase Mobile Banking
  • Earns interest
  • Chase fee waived at non-Chase ATM 4 times per statement period
  • Fees waived for counter checks, money orders and cashier’s checks
  • Monthly service fee waived on any linked personal Chase Savings account
  • Monthly service fee waived on up to 2 linked Chase Premier Plus accounts
  • No fee for Chase design checks
  • Access to 16,000 ATMs and 5,100 branches
  • Chase Online Banking and Online Bill Pay
  • Chase Mobile Banking
  • Earns interest
  • Chase fee waived at all ATMs worldwide
  • Fees waived for counter checks, money orders and cashier’s checks
  • Monthly service fee waived on any linked personal Chase Savings account
  • Monthly service fee waived on up to 9 linked Chase Sapphire Checking accounts
  • No fee for personal design checks
  • Dedicated 24/7 banking service line (1-888-26CHASE)

If you are interested in obtaining any of these accounts, you can apply online or at a Chase banking location. Or, if you want to upgrade your existing Chase checking account to Sapphire Checking, you can do so by visiting your local Chase branch.

See related: Why the Chase Sapphire Preferred is a great first travel card, Earn 50,000 bonus points with Chase Sapphire cards

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Published: September 19, 2018

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