<prompt> Human: I received in the mail a brochure that I can get 300 for new Chase checking customers who open a Chase Total Checking account and set up direct deposit. The fine print: Chase Total Checking has no Monthly Service Fee when you do at least 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 a minimum daily balance of 1,500 or more in checking account. OR Option 3, Keep an average daily balance of 5,000 or more in any combination of qualifying Chase checking, savings, or other balances. Otherwise a 12 monthly service fee will apply.My paycheck every 2 weeks is well over this amount so no issues there.Other fine print: Bonuses are considered interest and will be reported on IRS Form 1099-INT. Account Closing: If the account is closed within six months after opening, they will deduct the bonus amount at closing.Chase Online Bill Pay: Must enroll in Chase Online Banking and activate Online Bill Pay.I use a local Credit Union to hold my money in a checking and savings account. I use bill pay there to pay for things such as my credit card, car payment, and utilities payments.I believe I can use Chase QuikPay to transfer money for free should I wish to transfer the money I get from Direct Deposit to my regular credit union account.I am unsure about the interest reporting statement or if that really matters and the implications of having to enroll in their Online Bill Pay.Is this worth doing? It doesnt seem too hard to hold my account open for 6 months to grab 300 free. But if there is something Im missing, it might not be worth the time.  <response>: There is no downside but remember that that money is considered taxable income. I did this same deal for Chase about 2 years ago. 