Major US banks are significantly increasing cash incentives for new customers, signaling a fierce competition for deposits. JPMorgan Chase and Wells Fargo are both offering $300 bonuses to incentivize new account holders, who must set up direct deposit to qualify. Bank of America and Citi have joined the fray with competitive offers, including a $200 The post JPMorgan Chase and Wells Fargo Intensify Battle for Deposits with $300 Cash Bonuses appeared first on COINOTAG NEWS .