Chase Checking $150 Bonus for new Chase Checking Customer

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Today an email from Chase from arrived to my wife's email account.
(I managed our emails)

With her approval, I applied for her a new Chase total checking account.  A better promotion would be the $200 bonus. But we don't know when the $200 would come.  The bonus is taxable, anyway. So, $50*60% = $30 is not worth the wait.  The real reason to have a Chase checking account, as mentioned in my previous blog, is to build up her credit score and for future easier approval of Chase credit cards.  Chase offers many good credit credits. I would like to maximize the chances of approval.

Update: This target promotion does not require direct deposit.  We visited a local Chase branch on Jan 12, and opened a Chase checking account.  The requirement does not have the third condition.

Bonus/Account Information: Offer not available to existing Chase checking customers, those with fiduciary accounts, or those whose accounts have been closed within 90 days or closed with a negative balance. To receive the bonus: 1) open a new Chase Total Checking^SM account, which is subject to approval; AND 2) deposit $100 or more within 10 business days of account opening. After we receive your minimum $100 deposit, we'll deposit the bonus in your new account within 10 business days. The bonus cannot be used as the opening deposit. You can only receive one checking account–related bonus per calendar year. Bonus is considered interest and will be reported on IRS Form 1099–INT.

Account Closing: If your checking account is closed within six months, we will deduct the bonus amount at closing.

I could not share the Chase $150 coupon code. I googled search "Chase 150" to look for original Chase $150 promotion that is available to everyone.  Here it is the web link.  This one expires on January 15, 2013, much earlier than the February deadline offered in the email.

I entered my email address but was presented error code.  No fret.  Print out this web page, and visit local Chase branch.  I would bet Chase would honor the offer, because Chase cares about customer image.

To receive $150, there are conditions, most important is the red-highlighted portion:

*Service Fee: Chase Total Checking^SM has no Monthly Service Fee when you do any one of the following each statement period:Option #1: Have monthly direct deposits totaling $500 or more made to this account; OR, Option #2: Keep the daily balance in your checking account at or above $1,500; OR, Option #3: Keep an average balance of $5,000 or more in any combination of qualifying Chase checking, savings and other balances. Otherwise a $12 Monthly Service Fee will apply ($10 Monthly Service Fee for CA, OR and WA). We will notify you of changes to your account terms or fees. For more information, please see a banker or visitchase.com/checking.

Bonus/Account Information: Offer not available to existing Chase checking customers, those with fiduciary accounts or those whose accounts have been closed within 90 days or closed with a negative balance. To receive the bonus: 1) open a new Chase Total Checking^SM account, which is subject to approval; 2) deposit $100 or more within 60 days of account opening; AND 3) have your direct deposit made to this account within 60 days of account opening. The bonus cannot be used as the opening deposit. Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. After we receive your first direct deposit, we'll deposit the bonus in your new account within 10 business days. You can only receive one checking account-related bonus per calendar year. Bonus is considered interest and will be reported on IRS Form 1099-INT.

Account Closing: If your checking account is closed within six months, we will deduct the bonus amount at closing.