Hi Everyone,
If you reside in California you’ve probably noticed that Washington Mutual Banks (WAMU) are becoming Chase Banks.
Right now through August 28, 2009 if you open a new business checking account at Wamu/Chase with at least $500.00, Chase/Wamu will deposit $100.00 into your new account approximately 2 weeks AFTER you open your account. A coupon is necessary to take advantage of this offer. Click HERE for the coupon and full details.
Here’s some info you may find helpful:
- The new business account is for any size business, even if you’re a sole proprietorship. So if all you have is a DBA like Mary Jones dba I Love Cookies…you can open up your new business account.
- All you need is a picture id and a 2nd form of id (like a credit card) and proof of your business ( I opened up an account and brought in my fictitious business name filing from the newspaper that ran my FBN for 4 weeks.
- The business checking account at Wamu/Chase is FREE. There are NO monthly fees associated with the account. The only time you’ll get any fees is if you deposit MORE than $5000. oo in CASH in a 30 day period..then they hit you with fees (go figure.. a bank that does NOT want cash).
- If you’re worried you won’t be able to access the $500.00 right away, don’t worry. You only need to show it for one full business day. So, if you deposit it on Friday you can go in on Saturday and pull out the money. The account just needs to show a $500.00 balance at the close of business for one day. Then the free $100. 00 will be deposited 2 weeks after that date.
- **NOTE** Chase/Wamu is not very flexible with check deposits. AFTER you open your account they will put a 7-day hold on ALL checks you deposit into your new account for the first 30 days the account is open. Even if you try to deposit a local check from a “big” well-known company. In that respect they are a bit “heartless.” So, if you have another bank account, I suggest you deposit checks in that account and then pull out the cash and put the cash into your new Wamu/Chase account for the first 30 days.
- You will also get a debit card for your new checking account. I was told it would have my name on the first line and the 2nd line will have the dba name. This is nice to have a card, even if it’s a debit card with your business name imprinted.
Granted you have to “jump through some hoops,” to get this $100.00, but heck…it’s FREE money, so why not spend a little time to get it. After all the account is FREE with NO fees. So, I’m always up for some FREE cash. As long as it’s legal!!!
Click HERE for more details and to print out the coupon entitling you to the FREE $100.00
The Discount Queen