Chase Bank is offering Americans up to $900 in bonus cash, which some are calling a “Chase settlement” due to its structured payout style. While not tied to a legal case, this offer mirrors the simplicity and payout process of traditional class-action settlements — and it’s ending soon.
Chase’s $900 settlement-style bonus explained
To get the full $900 bonus from Chase, new customers must complete a series of steps after opening both a checking and savings account.
Here’s how it breaks down:
- Open a Chase Total Checking and Chase Savings account by July 16, 2025
- Set up direct deposit into the checking account within 90 days
- Deposit $15,000 into the savings account within 30 days of opening
- Maintain that $15,000 balance for 90 days
Meet all the requirements, and you’ll get the bonus directly deposited into your account.
How it compares to other bank bonuses
Chase’s $900 isn’t the largest bonus out there — but it’s one of the most accessible. Unlike other offers requiring six-figure deposits, Chase’s threshold is within reach for many households.
Here’s how it stacks up:
| Bank | Max Bonus | Deposit Requirement | Deadline |
|---|---|---|---|
| Chase | $900 | $15,000 | July 16, 2025 |
| Citibank | $1,500 | $200,000 | July 7, 2025 |
| Capital One | $1,500 | $20,000 (Savings) | Varies |
| E-Trade | $10,000 | $5 million (Brokerage) | July 31, 2025 |
Partial Chase bonuses available too
If you don’t want to open both accounts, Chase still offers two smaller rewards:
- $300 for opening just a Chase Total Checking account with direct deposit
- $200 for opening a Chase Savings account and maintaining a $15,000 balance for 90 days
These smaller bonuses may be easier to access for consumers who prefer a single account setup.
Why it’s being called a “Chase settlement”
Though not an official settlement or lawsuit payout, the structure mimics the process of cash settlements — fixed payments tied to specific actions with a firm deadline. As a result, some consumers and media outlets have dubbed it a “Chase settlement offer.”
Greg McBride of Bankrate notes:
“Sign-up bonuses like these are designed to bring in long-term customers — but they require close attention to conditions to avoid losing the reward.”
How to claim your Chase bonus
To ensure you qualify for the full $900 Chase offer:
- Visit the Chase promotions page
- Open both a Total Checking and Savings account by July 16
- Set up direct deposit into checking within 90 days
- Deposit and maintain $15,000 in savings for 90 days
Once complete, your bonus should post within a few weeks.
Final thoughts
With deadlines quickly approaching, now is the time to act if you’re considering the Chase settlement-style bonus. It’s one of the most achievable bank cash incentives currently available — and a smart way to make your money work while opening a new account.
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