Bank bonuses can be a great way to make extra money, but they’re not always worth it. A $1,000 bank bonus offer, however, may make you think twice.
Banks often run bonuses or promotions to get you to open an account. It’s their way of attracting more business, but they’re usually tied to a specific task.
For example, you may need to set up direct deposit for a minimum amount per month or meet a minimum balance requirement for a specific number of months.
This means you don’t get the bonus just because you signed up. You must first satisfy the conditions and then receive the bonus.
Bank bonuses can range from $50 to several hundred dollars or more, depending on the bank, type of account, and the balance required.
As you might expect, a high offer like $1,000+ will come with tougher requirements – premium products, higher deposit amounts, longer commitments. But if you can make it work, these offers are the most lucrative out there right now.
Best $1,000 Bank Bonus Offers for May 2025
- E*TRADE Bank: up to $6000 bonus
- Capital One: up to $1500 bonus
- Chase: up to $3000 bonus
- Huntington: $1000 bonus
- Hanmi Bank: up to $2000 bonus
- PNC: up to $1000 bonus
- M&T: up to $1500 bonus
- Citi®: $5000 bonus
- Citi®: up to $1500 bonus
- Citi®: up to $1500 bonus
- Citi®: up to $2000 bonus
- Wells Fargo: $2500 bonus
- Wells Fargo: $3500 bonus
- Charles Schwab: up to $1000 bonus
- Tradestation: up to $3500 bonus
1. E*TRADE Bank
Payouts have increased again! E*Trade is now offering new investors up to $6,000 in bonus cash when you open and fund a new investing account. You'll only need $1,000 to earn the first tier bonus ($100)!
They've shuffled all the previous tiers and reinstated the tiers for those with 7+ figures to invest. If you're wanting to earn the full $6,000, you need at least $2M in investable assets.
This offer is available to both new and existing customers; however, different rules may apply, so be sure to check the disclosures at the link below.
Brokerage Account - up to $6000 bonus
Expires: July 31, 2025
The Brokerage Account signup offer requires you to deposit and maintain a minimum balance in order to earn the $6000 bonus. Full requirements to receive this bonus are:
- Open a new eligible E*TRADE brokerage or retirement account using the link below with promocode OFFER25.
- During the first 60 days, fund your new account with new money as follows: $1,000 - $4,999, earn $100; $5,000 - $19,999, earn $150; $20,000-$99,999 earn $300; $100,000-$199,999 earn $600; $200,000-$499,999 earn $800; $500,000 - $999,999, earn $1,000; $1,000,000 - $1,499,999, earn $3,000; $1,500,000 - $1,999,999 earn $5,000; $2M+, earn $6,000.
- If you deposit $200,000 or more, you will receive a cash credit within seven business days.
- If you have deposited at least $200,000 in your account, and you make subsequent deposits in that account to reach a higher tier, you will receive a second cash credit following the close of the 60-day window.
Apply now to earn the $6000 bonus from E*TRADE Bank
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2. Capital One
Available nationwide and from a well-ranked bank, Capital One is offering up to $1,500 if you open a 360 Performance Savings account. This is a 3-tier bonus – the more you deposit, the more you can earn. This time around they've increased all tiers.
You'll need to make some sizable deposits, totaling at least $20,000, which will earn you $300. To get the full amount, you'll need to deposit $100,000.
Overall, if you're a new Capital One personal savings customer, this is a bonus with easy requirements if you have some cash and is worth taking advantage of.
360 Performance Savings - up to $1500 bonus
Expires: Limited Time
The 360 Performance Savings signup offer requires you to deposit and maintain a minimum balance in order to earn the $1500 bonus. Full requirements to receive this bonus are:
- Open a new 360 Performance Savings account with promo code BONUS1500.
- Within 15 days of opening, deposit at least $20,000 to earn $300; $50,000 to earn $750; or $100,000+ to earn $1,500.
- Hold the money in your account for the 90 days AFTER the initial 15 day funding period (105 days in total).
- Bonus will drop to your account within 60 days of meeting all requirements.
Apply now to earn the $1500 bonus from Capital One
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3. Chase Bank
Available nationwide, Chase Bank is offering up to a $3,000 bonus when you open or upgrade to a new Chase Private Client Checking℠ account.
This time around, Chase is offering tiers which lower the barriers to entry, but also provide higher bonus opportunities for those with higher balances.
To earn this premium checking account bonus from Chase, you'll need to transfer at least $150,000 for the first tier (down from $250,000), with the upper tier being $500,000 or more into eligible checking, savings and/or investment accounts – so this promotion is clearly geared toward those with deep pockets.
That said, the new funds can be cash from another bank or securities held at a competitor brokerage, and the deposits can go into one or a combination of Chase accounts. There are some rules about which accounts are eligible though, so be sure to read the fine print!
Like most Chase coupons, you'll need to first enter your email to receive an 'upgrade code'. You'll then take that code into your local Chase branch to enroll in the offer.
Tip: If you already have a Chase Private Client Checking account, you can skip the code and branch visit, and simply deposit the new funds to your eligible accounts.
Chase Private Client Checking℠ - up to $3000 bonus
Expires: July 16, 2025
The Chase Private Client Checking℠ signup offer requires you to deposit and maintain a minimum balance in order to earn the $3000 bonus. Full requirements to receive this bonus are:
- Receive an upgrade code using the link below (you may need to use a private or incognito browser).
- If you don't already have a Chase Private Client Checking℠ account, meet with a Chase Private Client Banker to open or upgrade to one.
- Within 45 days of enrolling in the coupon, transfer a total of $150,000 - $249,999 in new money or securities to one or a combination of your eligible accounts (see fine print), earn $1,000; $250,000 - $499,999 earn $2,000; $500,000+ to earn $3,000
- Maintain that balance for 90 days from the coupon enrollment.
- Bonus will be deposited into your Chase Private Client Checking℠ account within 40 days of meeting the requirements.
Apply now to earn the $3000 bonus from Chase
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4. Huntington National Bank
Huntington is offering a welcome bonus to those opening new business checking accounts. This one offers $1,000 for a $20,000 deposit. Don't have $20k? They're also running $100 and $400 offers for $2,000 and $5,000 deposits, respectively.
While the account needs to remain open for 6 months to avoid forfeiting the offer, you will get the bonus within 2 weeks of meeting the requirement which is pretty great!
Unlimited Plus Business Checking - $1000 bonus
Expires: June 9, 2025
The Unlimited Plus Business Checking signup offer requires you to deposit and maintain a minimum balance in order to earn the $1000 bonus. Full requirements to receive this bonus are:
- Open a new Unlimited Plus Business Checking account using the link below.
- Within 60 days, make deposits totaling $20,000.
- Maintain minimum daily balance of $20,000 for 60 days after meeting deposit requirement.
- Keep the account open for at least 90 days.
- Bonus will be deposited to your new account within 14 days of meeting the requirements.
Apply now to earn the $1000 bonus from Huntington
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5. Hanmi Bank
Available in select state, Hanmi Bank is offering up to a $2,000 welcome bonus when you open a new business checking account and maintain a minimum balance. This is a tiered offer, the higher minimum balance you can maintain, the more you can earn. Be sure to spend your points within 3 years or they will expire!
What's even more? You can also receive a $250 rebate on Clover devices when you're a new Merchant Services customer. You can also stack this offer with their personal checking account to increase total earnings.
Business Checking - up to $2000 bonus
Expires: June 30, 2025
The Business Checking signup offer requires you to deposit and maintain a minimum balance in order to earn the $2000 bonus. Full requirements to receive this bonus are:
- Open a new business checking account in branch.
- Within 30 days, order and activate your business debit card and enroll in uChoose Rewards.
- Starting the first full month, maintain a 3-month average daily balance as follows: $15,000 ($250 bonus), $50,000 ($1,000 bonus), $100,000 ($2,000 bonus).
- Bonus will be rewarded as uChoose reward points and are credited within 30 days after the qualification period.
Apply now to earn the $2000 bonus from Hanmi Bank
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6. PNC Bank
PNC is running a couple of welcome bonus offers targeting business owners and has added an option that doubles the bonus amount from last year if you have enough cash. For this one, you'll need to open either a Treasury Enterprise Plan or Analysis Business Checking account and then meet balance requirements.
This is a straightforward, nationally-available bonus for business owners.
If you're a small business owner with smaller balance or transaction volume, PNC is also running a $200 bonus for their small business checking accounts, so check those out, too!
Enterprise Checking Account - up to $1000 bonus
Expires: June 30, 2025
The Enterprise Checking Account signup offer requires you to deposit and maintain a minimum balance in order to earn the $1000 bonus. Full requirements to receive this bonus are:
- Open a new Treasury Enterprise Plan or Analysis Business Checking account.
- For 3 statement cycles, maintain at least a $30,000 balance to earn $500 or at least $100,000 to earn $1,000.
- Bonus will be deposited within 90 days of meeting the requirements.
Apply now to earn the $1000 bonus from PNC
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7. M&T Bank
M&T is offering up to $1,500 to new Tailored Business Checking customers. This is a tiered bonus with the highest potential we've seen! You'll need to deposit a minimum of $5,000 for the first tier and maintain that average balance in the third full calendar month after the account was opened.
New for 2025: They've added an additional tier for mid-size businesses.
If you're also in the market for a Merchant Services account, you can combine this offer with their Merchant Services bonus, for a total reward of $1000.
M&T Tailored Business Checking - up to $1500 bonus
Expires: June 30, 2025
The M&T Tailored Business Checking signup offer requires you to deposit and maintain a minimum balance in order to earn the $1500 bonus. Full requirements to receive this bonus are:
- Open a Tailored Business Checking account using the link below using promo code BD.
- For the third full calendar month following account opening, maintain an average balance of $5,000 to earn $300; $15,000 to earn $500; $30,000 to earn $750 or $100,000+ to earn $1,500.
- Bonus will be awarded by the end of the fourth month after the account was opened.
Apply now to earn the $1500 bonus from M&T
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8. Citi®
Earn up to $5,000 when you open or enroll a new or existing eligible Personal Wealth Management account with new-to-Citi funds.
This is a tiered bonus based on how much you deposit and maintain for the first 3 months. They've up the reward amounts for their upper tiers this go around.
There are 5 levels, starting with a $500 bonus for deposits $50,000 - $199,999 and going up to $5,000 for $2,000,000+.
Personal Wealth Management - $5000 bonus
Expires: June 30, 2025
The Personal Wealth Management signup offer requires you to deposit and maintain a minimum balance in order to earn the $5000 bonus. Full requirements to receive this bonus are:
- Contact Citi to open or enroll a new or existing eligible Citi Personal Wealth Management account
- Fund the Citi Personal Wealth Management account with New-to-Citi Funds within 2 months of account opening (deposit $50,000 for a $500 bonus, $200,000 for a $1,000 bonus, $500,000 for a $2,000 bonus, $1,000,000 for a $3,000 bonus and $2,000,000+ for the $5,000 bonus)
- Enroll into e-delivery of statements within 2 months of account opening.
- Maintain the new funding through the end of the next month (or 3 months after the month of account enrollment).
Apply now to earn the $5000 bonus from Citi®
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9. Citi®
Citi® is offering up to a $1,500 cash bonus when you open a new Citigold® Account. This time around they've added a lower tier to make it easier to participate, but have raised some of the middle tiers which could make higher bonus levels slightly harder to achieve. It's important to note that this offer is available in most, but not all states.
This is a tiered bonus based on the amount you're able to deposit and maintain in your new account. $30,000 in new funds will earn you $750; $200,000+ will earn you $1,500.
Depending on when you deposit the cash (it needs to be there by the 20th day), the bonus represents an effective rate of roughly 5-11% on your savings. Each offer is significantly more than what you can find on most savings accounts. So if you have the cash, this is a great way to put it to work, risk-free.
Tip: They're running this same deal on other accounts, too, like the Citi Relationship Tier accounts.
Citigold® Checking Account - up to $1500 bonus
Expires: July 7, 2025
The Citigold® Checking Account signup offer requires you to deposit and maintain a minimum balance in order to earn the $1500 bonus. Full requirements to receive this bonus are:
- Open a new Citigold® Account using the link below.
- Within 20 days, deposit $30,000 into your new account to earn $750, or $200,000+ to earn $1,500
- Maintain that balance for 60 days or more after the 21st day that the account was opened.
- Bonus will be credited to your open, eligible account within 30 calendar days after completing the requirements.
Apply now to earn the $1500 bonus from Citi®
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10. Citi®
Citi® is offering up to a $1,500 cash bonus when you open a new Citi Priority Relationship Tier account with activities. Like most Citi promotions, this is a tiered offer based on the amount you're able to deposit and maintain in your new checking account.
Citi recently removed the upper tier to this bonus, making the max payout capping at their previous "middle tier". All told, the bonus amount ranges from $750 for depositing $30,000, up to the full $1,500 for depositing $200,000 or more.
Depending on when you deposit the cash (it needs to be there by the 20th day), the bonus represents an effective rate of roughly 4-11% on your savings. The $750 offer nets you the best effective rate, but every offer is significantly more than what you can find on most savings accounts. So if you have the cash, this is a great way to put it to work, risk-free.
It's important to note that this offer is available in most, but not all states.
Information about some or all of these products has been collected independently by the author. The issuer did not provide the details, nor is it responsible for their accuracy.
Relationship Tier - up to $1500 bonus
Expires: July 7, 2025
The Relationship Tier signup offer requires you to deposit and maintain a minimum balance in order to earn the $1500 bonus. Full requirements to receive this bonus are:
- Open a new eligible checking account using the link below and enroll in the offer the same day.
- Within 45 days, deposit $30,000 into your new account to earn $750 or $200,000+ to earn $1,500
- Maintain that balance for an additional 45 days from the 46th day that the account was opened.
- Bonus will be credited to your open, eligible account within 30 calendar days after completing the requirements.
- New to Relationship Tier customers can choose their relationship tier.
Apply now to earn the $1500 bonus from Citi®
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11. Citi®
CitiBusiness if offering up to $2,000 when you open a new business checking account in-branch and make a minimum deposit within 30 days.
This is a tiered offer, where the more you deposit the more you earn (starting at a $300 bonus for $5,000, up to the full $2,000 for depositing a cumulative $200,000).
If you have the cash and live close to a physical branch, this is a solid welcome bonus. The lowest tier represents a 12% effective rate on your savings – not bad!
Branches currently located in the following metropolitan areas: Los Angeles (CA), Orange County (CA), Riverside (CA), San Diego (CA), San Francisco (CA), Miami (FL), Chicago (IL), Baltimore (MD), Las Vegas (NV), New York City (NY), and Washington, DC.
Business Checking Account - up to $2000 bonus
Expires: July 7, 2025
The Business Checking Account signup offer requires you to deposit and maintain a minimum balance in order to earn the $2000 bonus. Full requirements to receive this bonus are:
- Open a new Citibank business checking account in-branch and ask to be enrolled in this offer.
- Within 45 days, deposit $5,000 to earn $300, $20,000 to earn $750, $100,000 to earn $1,500, or $200,000 to earn $2,000.
- Starting Day 46, Maintain that balance for 45 consecutive days.
Apply now to earn the $2000 bonus from Citi®
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12. Wells Fargo Bank
Have a bunch of cash just sitting in the bank earning little interest? Why not earn a large bonus on it by transferring to Wells Fargo?
Available nationwide, Wells Fargo is offering a $2,500 welcome bonus when you upgrade an existing consumer checking account to Premier Checking account or open a new Premier Checking account. Keep in mind, if you upgrade your account, you'll need to bring in $250,000 or more in new deposits to be eligible, which can be kind of steep if you already use Wells Fargo for your primary bank account.
What's more? If you have $500,000 or more in new money, use this link to earn a bonus of $3,500!
Premier Checking [$250k+] - $2500 bonus
Expires: July 8, 2025
The Premier Checking [$250k+] signup offer requires you to deposit and maintain a minimum balance in order to earn the $2500 bonus. Full requirements to receive this bonus are:
- Get a code from the link above.
- Upgrade an existing consumer checking account or open a new Premier Checking account with your offer code.
- Within 45 days, bring $250,000 or more in new money to a deposit or investment account.
- Maintain at least a $250,000 balance through Day 90 after account upgrade or opening.
- Bonus payment will be deposited within 30 days of meeting the requirements.
Apply now to earn the $2500 bonus from Wells Fargo
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13. Wells Fargo Bank
Available nationwide, Wells Fargo is offering a $3,500 welcome bonus when you upgrade an existing consumer checking account to Premier Checking account or open a new Premier Checking account. Keep in mind, if you upgrade your account, you'll need to bring in $500,000 or more in new deposits to be eligible, which can be kind of steep if you already use Wells Fargo for your primary bank account.
If you don't quite have this much cash, but have at least $250,000 or more in new money, use this link to earn a bonus of $2,500!
Premier Checking [$500k+] - $3500 bonus
Expires: July 8, 2025
The Premier Checking [$500k+] signup offer requires you to deposit and maintain a minimum balance in order to earn the $3500 bonus. Full requirements to receive this bonus are:
- Get a code from the link above.
- Upgrade an existing consumer checking account or open a new Premier Checking account with your offer code.
- Within 45 days, bring $500,000 or more in new money to a deposit or investment account.
- Maintain at least a $500,000 balance through Day 90 after account upgrade or opening.
- Bonus payment will be deposited within 30 days of meeting the requirements.
Apply now to earn the $3500 bonus from Wells Fargo
Learn More:
14. Charles Schwab
If you're not currently a Schwab customer, you can open any investment account and earn a referral bonus based on your net deposit within 45 days. This includes retail brokerage accounts, individual retirement accounts, or the managed portfolios like Schwab Intelligent Portfolios®.
Keep in mind that the link above is only for details – you will need to open the account through a referral link from an existing Schwab customer in order to qualify for the promo.
This is a tiered bonus, the more you deposit, the more you can earn.
- Tier 1 | Balance Maintained: $25,000 - $49,999: $100 Bonus
- Tier 2 | Balance Maintained: $50,000 - $99,999: $300 Bonus
- Tier 3 | Balance Maintained: $100,000 - $499,999: $500 Bonus
- Tier 4 | Balance Maintained: $500,000+: $1,000 Bonus
Schwab One® - up to $1000 bonus
Expires: Limited Time
The Schwab One® signup offer requires you to deposit and maintain a minimum balance and use a referral link in order to earn the $1000 bonus. Full requirements to receive this bonus are:
- Open a new account using a referral link from an existing member.
- Within 45 days, make a qualifying net deposit between $25,000 - $500,000+ in cash or securities, earning the reward that correlates with that tier ($100-$1,000).
- The net deposit amount at the end of 45 day period will be used to calculate your bonus tier.
- Bonus will be paid into your account about a week after the 45-day period.
Apply now to earn the $1000 bonus from Charles Schwab
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15. Tradestation
Tradestation is offering investors up to $3,500 in bonus cash when you add new funds to a new or existing investing account. You only need $5,000 to earn the first tier bonus ($150), and up to $5M to earn the full $3,500. It's worth noting each of the tiers are considerably higher this time around than when it was previously offered.
Brokerage Account - up to $3500 bonus
Expires: Limited Time
The Brokerage Account signup offer requires you to deposit and maintain a minimum balance in order to earn the $3500 bonus. Full requirements to receive this bonus are:
- Enroll an existing account or open a new account using promo code TSTVAGFD at the url below.
- Within 45 days, fund your account.
- To receive $150 bonus, fund with $5,000- $24,999; To receive $300 bonus, fund with $25,000- $99,999; To receive $500 bonus, fund with $100,000-$249,999; To receive $1,000 bonus, fund with $250,000-$499,999; To receive $2,000 bonus, fund with $500,000-$999,999; To receive $3,500 bonus, fund with $1,000,000+.
- Bonus will be deposited into the account the month following the end of the 270-calendar day holding period.
Apply now to earn the $3500 bonus from Tradestation
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Do Banks Really Give Away $1,000 Bank Bonuses?
Yes, $1,000 bank bonuses are absolutely real and not as rare as you may think. Banks use these high offers as a marketing tactic to attract new customers.
As you might expect, these bonuses often come with high requirements: they’re for premium accounts with higher monthly fees (which can often be waived, but the criteria will be high) and/or they require high deposit amounts.
Think of it this way: the bank wants premium customers who have lots of money flowing through their accounts, or who might be good candidates for other products such as mortgages and credit cards. The higher reward attracts those customers (since smaller bonuses might not be worth their time) while the higher requirements ensure that they really are the premium customer that the bank is searching for. It’s win-win.
Are $1,000 Bank Bonuses Worth It?
$1,000 bank bonuses can be worth it if you aren’t causing yourself financial stress to meet the goals. For example, if a bank requires you to have a $25,000 balance for three months to receive a $1,000 bonus, but you need that $25,000 within those three months, it’s not worth it.
However, if you don’t need the funds and can set them aside for that time, then you can consider the $1,000 a free reward just for opening a bank account – a risk-free way to put your savings to work!
Common Bank Bonus Criteria to Be Met
Every bank has different criteria to get a bank bonus, but here are some of the most common:
- Deposit or transfer a specific amount of money
- Spend $X on your debit card within the first three months of opening the account
- Opening a new account at a bank that you’ve never had an account at before
- Make a certain number of debit card purchases (the dollar amount doesn’t matter)
- Make X number of online bill payments
- Maintain a specific balance for a certain number of months (usually 3 to 6)
Choosing the Best Account with a $1,000 Bank Bonus
So should you consider bank bonuses when choosing a checking account? While it should play a role when comparing checking accounts from different banks, it’s not the only factor to consider.
Bank bonuses are a one-time deal, but the account’s features, costs, and interest rates are long-term. So here’s what to consider.
Bonus Offers
Bonus offers are great, especially when you can earn a few hundred dollars just to open an account and set up direct deposit or use your debit card. Use this in the ‘bonus’ category when choosing the best checking account.
First, compare the options below and narrow your options. Then compare the best of the best, looking only at bonus offers to see which is best.
Balance Requirements
Balance requirements are an important part of choosing the best checking account. If you can’t maintain the required balance, you may be subject to a monthly maintenance or penalty fee, neither of which you want.
Choose an account with no balance requirements, or if it does, that is a requirement that’s easy for you to reach.
APY
Many checking accounts don’t pay interest, so if you can find an account that does, consider yourself lucky!
If you find a couple, compare them side-by-side while considering the fees. For example, if you find a checking account with an outstanding APY but excessive fees, it may take away from the high APY, making it not worth it.
Fees
Most bank accounts have fees, so read the fine print! The monthly maintenance fee is just the start, but it is where you should focus.
Most banks offer a way to waive the monthly maintenance fee, usually by maintaining a minimum balance. Be sure you can reach the thresholds they require to avoid the monthly fee.
Other fees you may come across include:
- Out-of-network ATM fees
- Overdraft fees
- Insufficient fund fees
- Wire transfer fees
- Account closing fees
- Paper statement fees
- Teller fees
FAQs
Bank bonus offers are great, but you should consider the big picture when choosing a bank account.
Are promo codes required to earn a $1,000 bank bonus?
Some banks have a promo code they require when opening a bank account, especially if it’s an online-only bank. Most physical branches, however, automatically give you a bonus if you meet the criteria.
How many bank accounts should I have?
Ideally, you should have one checking and savings account. However, there isn’t a rule stating you can’t have more than one of each. Having multiple savings accounts is most common, especially if you have multiple savings goals.
Which $1,000 bank account bonus is the best?
Bank bonuses change frequently. Compare your options to see which makes the most sense, keeping in mind each account’s fees since that takes away from your bonus.
Is switching bank accounts to earn a $1,000 bonus a good idea?
Switching bank accounts can get complicated, especially if it’s a checking account. Before switching, ensure you can meet the bonus’s requirements, and that it makes sense to keep the bank account long-term. In other words, the account should be free (either because you can waive the monthly fee or because there isn’t one), and the account’s features should meet your financial needs.
Do I have to pay taxes on a $1,000 bank account bonus?
Yes, banks report your bonuses to the IRS, and you should report them on your taxes. They are considered interest income.
After receiving a $1,000 bank bonus, can I close the account?
Whether you can close your bank account after receiving the bonus depends on the bank’s requirements. Read the fine print to determine if you must keep the bank account for a specific time. If you close it prematurely, you could be charged with penalty fees or the bank could claw back the bonus.
Should you get a $1,000 bank bonus?
A $1,000 bank bonus is significant! If you can earn it, go for it, but be sure you understand the fine print. Don’t stress yourself out trying to get the bonus, but if you can meet the requirements, including the minimum balance, number of debit card transactions, or number of ATM transactions, it could be well worth it.
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