$1,000 Bank Bonus Offers for April 2024

Bank bonuses can be a great way to make extra money, but they’re not always worth it. But a $1,000 bank bonus offer 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.

Best $1,000 Bank Bonus Offers for April 2024

  1. Capital One Spark Cash Plus: $1200 bonus
  2. Chase: up to $3000 bonus
  3. Huntington: $1000 bonus
  4. BMO: up to $1000 bonus
  5. E*TRADE Bank: up to $4000 bonus
  6. M&T: up to $1500 bonus
  7. PNC: up to $1000 bonus
  8. Citi®: $5000 bonus
  9. Citi®: up to $2000 bonus
  10. Citi®: up to $2500 bonus
  11. Charles Schwab: up to $1000 bonus
  12. Tradestation: up to $3500 bonus
  13. Webster Bank: up to $1000 bonus
  14. SoFi: up to $5000 bonus
  15. FNCB Bank: $1100 bonus

Capital One Spark Cash Plus Logo1. Capital One Spark Cash Plus

If you're in the market for a low-annual-fee business credit card that offers solid cash back on all purchases and elevated earnings on hotel and rental car purchases, check out Capital One Spark Cash Plus from Capital One.

This offer lets new cardholders earn a one-time bonus of $1,200, in addition to earning unlimited 2.0% cash back for your business on every purchase with no limits or category restrictions and unlimited 5% cash back on hotels and rental cars booked through Capital One Travel.

What's more? As if that isn't enough, this card will keep rewarding you with an annual fee refund every year you spend $150,000.

Like most credit card promotions from Capital One, you'll also need to be a completely new cardholder – previous account holders aren't eligible.

The information found on this page was not provided by Capital One.

The Capital One Spark Cash Plus Card is a good fit for small business owners who want a straightforward hassle-free rewards card and some nice bookkeeping benefits. It isn’t the best pick for big spenders, who could earn higher rewards in bonus categories—with an annual fee—elsewhere.

Capital One Spark Cash Plus - $1200 bonus

The Capital One Spark Cash Plus offer requires you to make purchases using the account's card in order to earn the $1200 bonus. Full requirements to receive this bonus are:

  1. Open a new Capital One Spark Cash Plus credit card using the link below.
  2. Within the first 3 months, spend $30,000, earn $1,200.
  3. Going forward, get your $150 annual fee refunded every year you spend at least $150,000

read the full terms

Chase Bank Logo2. 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 24, 2024

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:

  1. Receive an upgrade code using the link below (you may need to use a private or incognito browser).
  2. 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.
  3. 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
  4. Maintain that balance for 90 days from the coupon enrollment.
  5. Bonus will be deposited into your Chase Private Client Checking℠ account within 40 days of meeting the requirements.

read the full terms

Huntington National Bank Logo3. 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: April 30, 2024

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:

  1. Open a new Unlimited Plus Business Checking account using the link below.
  2. Within 60 days, make deposits totaling $20,000.
  3. Maintain minimum daily balance of $20,000 for 60 days after meeting deposit requirement.
  4. Keep the account open for at least 90 days.
  5. Bonus will be deposited to your new account within 14 days of meeting the requirements.

read the full terms

BMO Logo4. BMO

Now available nationwide, BMO Harris is offering up to a $1,000 welcome bonus when you open a new business checking account and meet the minimum balance requirements. This is a tiered bonus, the higher the balance, the more you can earn. It's worth noting that this bonus is higher than a recent one offered for similar tiers.

What's more? This time around they added a new higher tier for businesses with higher balances.

Business Checking - up to $1000 bonus

Expires: April 30, 2024

The 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:

  1. Open a new BMO Harris business account online or in branch using the link below.
  2. On day 120, have an average collected balance of at least $4,000 to be eligible to earn $300 OR at least $10,000 to be eligible to earn $500 OR at least $30,000 to be eligible for $1,000.
  3. Within the first 120 days, complete 10 qualifying transactions. (any combination of: ACH credits or debits, online bill payments, mobile deposits, wire transfers or debit card POS purchase transactions).
  4. Bonus will be deposited into the new checking account within 14 days of meeting the promotion requirements, approximately Day 130.

read the full terms

E*TRADE Bank Logo5. E*TRADE Bank

Payouts have increased again! E*Trade is now offering new investors up to $4,000 in bonus cash when you open and fund a new investing account. You'll only need $50 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 $4,000, you need at least $1.5M 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 $4000 bonus

Expires: May 31, 2024

The Brokerage Account signup offer requires you to deposit and maintain a minimum balance in order to earn the $4000 bonus. Full requirements to receive this bonus are:

  1. Open a new eligible E*TRADE brokerage or retirement account using the link below with promocode PROMO24.
  2. During the first 60 days, fund your new account with new money as follows: $50 - $999, earn $100; $1,000 - $49,999, earn $150; $50,000-$99,999 earn $200; $100,000-$199,999 earn $300; $200,000-$499,999 earn $600; $500,000 - $999,999, earn $1,000; $1,000,000 - $1,499,999, earn $2,000; $1,500,000+ earn $4,000.
  3. If you deposit $200,000 or more, you will receive a cash credit within seven business days.
  4. 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.

read the full terms

M&T Bank Logo6. 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.

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 28, 2024

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:

  1. Open a Tailored Business Checking account using the link below using promo code BD.
  2. For the third full calendar month following account opening, maintain an average balance of $5,000 to earn $300; $15,000 to earn $500; or $100,000+ to earn $1,500.
  3. Bonus will be awarded by the end of the fourth month after the account was opened.

read the full terms

PNC Bank Logo7. 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, 2024

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:

  1. Open a new Treasury Enterprise Plan or Analysis Business Checking account.
  2. For 3 statement cycles, maintain at least a $30,000 balance to earn $500 or at least $100,000 to earn $1,000.
  3. Bonus will be deposited within 90 days of meeting the requirements.

read the full terms

Citi® Logo8. 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, 2024

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:

  1. Contact Citi to open or enroll a new or existing eligible Citi Personal Wealth Management account
  2. 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)
  3. Enroll into e-delivery of statements within 2 months of account opening.
  4. Maintain the new funding through the end of the next month (or 3 months after the month of account enrollment).

read the full terms

Citi® Logo9. 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 8, 2024

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:

  1. Open a new Citibank business checking account in-branch and ask to be enrolled in this offer.
  2. Within 30 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.
  3. Maintain that balance for 60 days.
  4. The bonus will be credited to your business checking account within 90 days from the end of the month in which you complete the requirements.

read the full terms

Citi® Logo10. Citi®

Citi® is offering up to a $2,500 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 added a lower tier to this bonus, making it easier for more people to participate. However, some of the middle tier requirements have increased. All told, the bonus amount ranges from $500 for depositing $30,000, up to the full $2,500 for depositing $300,000 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 $200 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 $2500 bonus

Expires: July 8, 2024

The Relationship Tier 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:

  1. Open a new Citi Relationship Tier using the link below and enroll in the offer the same day.
  2. Within 20 days, deposit $30,000 into your new account to earn $500, $200,000 to earn $1,500, $200,000 to earn $1,500 or $300,000+ to earn $2,000.
  3. Maintain that balance for 60 days or more after the 21st day that the account was opened.
  4. Bonus will be credited to your open, eligible account within 30 calendar days after completing the requirements.
  5. New to Relationship Tier customers can choose their relationship tier.

read the full terms

Charles Schwab Logo11. 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:

  1. Open a new account using a referral link from an existing member.
  2. 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).
  3. The net deposit amount at the end of 45 day period will be used to calculate your bonus tier.
  4. Bonus will be paid into your account about a week after the 45-day period.

read the full terms

Tradestation Logo12. 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:

  1. Enroll an existing account or open a new account using promo code TSTVAGFD at the url below.
  2. Within 45 days, fund your account.
  3. 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+.
  4. Bonus will be deposited into the account the month following the end of the 270-calendar day holding period.

read the full terms

Webster Bank Logo13. Webster Bank

Webster National Bank is offering new and existing Private Banking clients up to $1,000 to add new money. If you have less than 500,000 you may be eligible for smaller bonuses (check out similar offers).

This is an easy bonus if you have the cash. One note: you'll need to open the account in a branch. We also couldn't find any information about monthly fees, so be sure to verify that when evaluating the offer.

Private Banking Checking - up to $1000 bonus

Expires: Limited Time

The Private Banking Checking signup offer requires you to set up direct deposits and deposit and maintain a minimum balance in order to earn the $1000 bonus. Full requirements to receive this bonus are:

  1. Open a new or have an existing Private Bank checking account.
  2. Deposit $500,000+ in new money to establish your bonus tier.
  3. Within the first 3 statement cycles, you'll earn $500 for each statement cycle that you maintain a minimum daily balance of $500,000 and make a direct deposit of at least $1,000. Max bonus of $1,000.
  4. The cash bonus payment will be paid on the last day of the evaluated statement cycle.

read the full terms

SoFi Logo14. SoFi

SoFi is offering customers a cash bonus to move your portfolio over to SoFi. The bonus is tiered, and you'll need to transfer $2 million in assets to earn the full $5,000 (steep!), but the bonus starts at $50 for transferring $5,000.

Keep in mind that although SoFi will pay out the bonus within 14 business days of the end of the promo period, they'll claw it back if you withdraw those funds within 180 days. They'll even refund up to $75 in ACAT fees from your other brokerage!

Sofi Invest - up to $5000 bonus

Expires: Limited Time

The Sofi Invest 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:

  1. Open a new SoFi Invest account using the link below (or be an existing user).
  2. Before the promotion's expiration date, transfer investments from another brokerage firm: $5,000 to earn $50, $20,000 to earn $125, $100,000 to earn $250, $250,000 to earn $500, $500,000 to earn $1,000, $1,000,000 to earn $2,500, or $2,000,000 to earn $5,000.
  3. Bonuses will be paid within 14 days of the last day of the month in which the transferred assets settled in your SoFi Invest account.

read the full terms

15. FNCB Bank

Available to businesses in Pennsylvania, FNCB Bank is offering up to $1,100 in welcome bonuses when you open a new business checking account and complete qualifying activities. The first part of the bonus, $100, just requires you to prove a history of maintaining deposits at another bank!

Business Checking - $1100 bonus

Expires: Limited Time

The Business Checking signup offer requires you to deposit and maintain a minimum balance in order to earn the $1100 bonus. Full requirements to receive this bonus are:

  1. Open a new business checking account any FNCB Bank Community Office and bring a copy of most recent business checking account statement from another financial institution showing an average monthly balance of $1,000 or more, earn $100 on account opening date.
  2. For 120 days from account open date, maintain a stated average balance of $5,000.99 - $10,000, earn $250; $10,000.01 - $25,000, earn $500; $25,000+, earn $1,000.
  3. Within 120 days, make five or more deposits and five or more debits by check or ACH.
  4. Bonus will be deposited into your new business checking account within 60 days of meeting all of the above requirements.

read the full terms

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 $5,000 balance for three months to receive a $1,000 bonus, but you need that $5,000 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, consider yourself earning free $1,000 just for opening a bank account!

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:

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 it makes sense to get the bonus and keep the bank account long-term. Also, it’s not worth switching if you can’t meet the bonus’s requirements.

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.

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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