Bank-Specific Notes

Every bank has its own quirks. Here's what experienced churners know about the major players.

Chase

5/24 Rule — Chase will deny most credit card applications if you've opened 5 or more credit cards (across all issuers) in the past 24 months. This doesn't apply to bank accounts, but it's crucial context if you're also churning credit cards.
Coupon codes — Chase frequently offers targeted bonuses via direct mail or email with unique coupon codes. These sometimes have better terms than public offers.
Business accounts — Chase business checking bonuses are separate from personal. You can often earn both if you have a legitimate business (even a sole proprietorship).
Bonus frequency — Chase typically enforces a rule that you haven't received a checking bonus in the past 12 months or a savings bonus in the past 12 months.

Sensitive to new account applications — US Bank is known for denying applicants with too many recent bank accounts on ChexSystems.
Existing relationship helps — having a prior or current US Bank account significantly improves approval odds.
In-branch vs. online — some offers are branch-only. If you're near one, applying in person can be smoother.

24-month language — Most Citi bonuses require that you haven't had a Citi checking account in the past 12 months. Read the terms carefully.
Slow bonus posting — Citi is notorious for slow bonus payouts. It can take 2–3 full statement cycles after meeting requirements.
AA mailers — Citi sometimes sends targeted American Airlines credit card mailers that bypass certain restrictions. These are specific to credit cards, not bank accounts.

Bonus frequency limits — Wells Fargo typically requires 12 months since your last Wells Fargo bonus.
Direct deposit is strict — Wells Fargo is pickier about what counts as DD compared to many other banks. Real employer payroll is the safest bet.
Nationwide availability — Most Wells Fargo bonuses are available nationwide, unlike some regional banks.

Preferred Rewards — If you have significant assets with Merrill, you get boosted bonuses and waived fees. Worth considering if you're already in the BofA ecosystem.
Generally lenient — Bank of America is relatively easy to get approved for, even with several recent accounts.

Savings bonuses — Discover frequently offers savings account bonuses that just require a deposit. No direct deposit needed.
Online-only — All Discover bank accounts are online. Quick and easy applications.
No ChexSystems — Discover reportedly does not use ChexSystems for bank account applications, making them accessible to almost everyone.

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