This time the offer is directed at existing Business Checking Account holders. The free $25 bonus offer comes when you sign up and complete one wire transfer.
IMPORTANT INFORMATIONIt was kind of hard to find the information online so I called my old customer service rep to find out the fees associated with wire transfers. For business accounts there is a $25 fee and for personal accounts it is only $20. These fees are both for domestic transfers.
Offer valid from 1/1/10 through 3/31/10. Offer limited to one Wire Transfer Service reward/premium per customer, per calendar year. Reward will be automatically deposited into the Chase business deposit account you specify, within four to six weeks after sending your first wire transfer through Chase Online for Business. Reward is considered miscellaneous income and will be reported on IRS Form 1099-MISC.
So, essentially, if you are a business checking account owner and have the need to do a wire transfer before 31 March 2010, this offer will pretty much allow you to do the wire transfer for free. I did not really have a need so I ended up not going through with it.
Have you ever done wire transfers? What is your experience? Share below in the comments.
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