Big banks are battling for new customers in the US, with JPMorgan Chase now offering a total of $900 to entice people to switch banks.
Chase’s offer is for people who open both a checking and a savings account and meet certain requirements.
Specifically, new Chase customers receive a $300 bonus for opening a checking account with direct deposit, as long as they deposit $500 within three months.
In addition, customers receive a $200 bonus for opening a savings account and depositing at least $15,000 within 30 days, as long as the balance is maintained for 90 days.
Customers who open both accounts and complete the fine print receive an additional $400 bonus.
Meanwhile, Wells Fargo is offering a $300 bonus to new customers who open a checking account that receives $1,000 via direct deposit within 90 days.
Bank of America is also offering a $300 bonus for new customers’ checking accounts, with a $2,000 direct deposit requirement within 90 days.
Citibank is also offering $300 to new customers who open a checking account, with a $1,500 direct deposit requirement within 90 days.
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