Are you looking to grow your savings and explore investment opportunities beyond a traditional Chase Bank Money Market Savings Account? J.P. Morgan Self-Directed Investing is offering a limited-time cash bonus for new accounts, giving you an extra boost to your investment journey. This promotion provides a compelling incentive to start self-directed investing with a trusted name in finance.
This offer is available to new J.P. Morgan Self-Directed Investing customers who open a General Investment, Traditional IRA, or Roth IRA account through a specific promotional page. It’s important to note that this offer is not applicable if you open an account with a J.P. Morgan Advisor. Only one bonus is permitted per customer, and it applies to a single new account.
How to Snag Your Cash Bonus
Earning this cash bonus is straightforward, but requires careful attention to the terms. Here’s a step-by-step guide:
Step 1: Open and Fund Your New Account
First, you need to open a new J.P. Morgan Self-Directed Investing account via the designated offer page. Then, within 45 days of your enrollment date for this promotion, you must fund your account with “new money.” New money refers to funds that are new to J.P. Morgan Chase & Co. and its affiliates. This means you need to deposit at least $5,000 in cash, transfer securities from another institution, or roll over retirement assets from an external source. Remember, assets already held within J.P. Morgan Chase & Co. are not eligible for this offer.
Step 2: Determine Your Bonus Tier
The cash bonus you receive depends on the amount of new money you deposit into your account within the 45-day window. The bonus tiers are structured as follows:
| New Money Inflow | Cash Bonus |
|---|---|
| $5,000 to $24,999 | $50 |
| $25,000 to $99,999 | $150 |
| $100,000 to $249,999 | $325 |
| $250,000 or more | $700 |
Your bonus tier will be determined on day 45 from your coupon enrollment date, based on the new money inflows into your account.
Step 3: Maintain Your Balance
To fully qualify for the cash bonus, you need to maintain the new money balance in your account for 90 days from the coupon enrollment date. It’s important to understand that losses due to trading activities or market fluctuations will not negatively impact your bonus eligibility. The requirement is simply to keep the deposited “new money” in the account for the specified period.
Important Points to Keep in Mind
- Bonus Payout: Once you’ve met all the requirements, the cash bonus will be credited to your new J.P. Morgan Self-Directed Investing account within 15 business days.
- One-Time Offer: Keep in mind that you can only participate in one J.P. Morgan Self-Directed Investing new money bonus offer within a 12-month period from your last enrollment date. This coupon is for one-time use and limited to one bonus per account.
- Account Status: To receive the bonus, ensure your enrolled account remains open and is not restricted at the time of payout. Certain account types and other restrictions may apply, so it’s always wise to review the full terms and conditions on the offer page.
- Offer Subject to Change: Be aware that the terms of this cash bonus offer are subject to change or termination without prior notice. It’s recommended to take advantage of the offer while it is available and to confirm the current terms when you enroll.
- Tax Implications: The cash bonus is considered taxable income. J.P. Morgan may be required to report this bonus to the IRS, and you may receive tax forms such as Form 1099-MISC or Form 1042-S, if applicable. You are responsible for any tax liabilities associated with receiving this bonus. Consult with a tax advisor for personalized advice regarding your tax situation.
This J.P. Morgan Self-Directed Investing cash bonus offer can be a valuable way to boost your investment capital. By understanding the eligibility requirements and following the steps outlined, you can take advantage of this promotion and potentially enhance your financial future beyond the returns of a basic Chase Bank money market savings account.
