Best Checking Account Bonus Offers for October 2021

You’re probably familiar with the usual ways to earn money from your checking account, such as interest on your deposits, referral bonuses, and cash back rewards for spending.

These are all things you should be taking advantage of, but there’s also free money waiting for you in the form of sign-up bonuses.

All you have to do is open a new checking account.

Let’s review how these checking bonuses typically work, some of the main things to consider, and the best promotions available right now.

Promos for personal checking accounts are up first. Skip ahead if you're looking to open a business checking account.

In This Article

21 Best Checking Account Bonuses

Here are the top personal checking account promotions and bonus offers available right now:

  1. Citi: up to $1500 bonus
  2. Chase: $225 bonus
  3. Unifimoney: up to $5000 bonus
  4. PNC: $400 bonus
  5. Chime: $290 bonus
  6. Monifi: $250 bonus
  7. Wells Fargo: $200 bonus
  8. Affinity Federal Credit Union: $150 bonus
  9. Capital One: $100 bonus
  10. Bank of America: $100 bonus
  11. Acorns: $75 bonus
  12. HSBC: $400 bonus
  13. Discover: up to $360 bonus
  14. PSECU: $250 bonus
  15. Investors Bank: up to $250 bonus
  16. IncredibleBank: up to $203 bonus
  17. Christian Community Credit Union: $200 bonus
  18. GTE Financial: $200 bonus
  19. TIAA: $150 bonus
  20. Current: $120 bonus
  21. Service Credit Union: up to $100 bonus

Citi Logo1. Citi

Available nationwide with the ability to open online, Citi is offering up to $1,500 when you open a new Citi Priority Account.

This is a tiered bonus based on the amount you're able to deposit and maintain in your new account. $15,000 in new funds will earn you $300; $50,000 will earn you $700; or $200,000 will earn you the full $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. The $300 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.

Citi Priority Account - $1500 bonus

Expires: January 4, 2022

The Citi Priority Account sign up 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 new Citi Priority Account using the link below.
  2. Within 20 days, deposit $15,000 into your new account to earn $300, $50,000 to earn $700, or $200,000 to earn $1,500.
  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 90 calendar days after completing the requirements.

read the full terms

Chase Bank Logo2. Chase Bank

Available nationwide with the ability to open online, Chase is offering a $225 welcome bonus when you open a new checking account and set up direct deposit. This is up from their normal offer of $200.

Chase Total Checking® - $225 bonus

Expires: January 19, 2022

The Chase Total Checking® sign up offer requires you to set up direct deposits in order to earn the $225 bonus. Full requirements to receive this bonus are:

  1. Open a Chase Total Checking® account.
  2. Within 90 days, have a direct deposit made from either your employer (paycheck or pension) or the government (any benefit such as Social Security).
  3. Receive your money within 15 days of the deposit posting.

read the full terms

Apply now to earn the $225 bonus

Unifimoney Logo3. Unifimoney

Available nationwide with the ability to open online, Unifimoney is offering up to a $5,000 welcome bonus in Bitcoin when you open a new checking or investing account. This is a tiered bonus, starting at $100; the more you deposit, the more you can earn:

  • $1,000 to $9,999 deposit: $25 in BTC
  • $10,000 to $19,999 deposit: $100 in BTC
  • $20,000 to $49,999 deposit: $250 in BTC
  • $50,000 to $99,999 deposit: $500 in BTC
  • $100,000 to $249,999 deposit: $1,000 in BTC
  • $250,000 to $499,999 deposit: $2,500 in BTC
  • $500,000+ deposit: $5,000 in BTC

High Yield Checking or Investing - $5000 bonus

Expires: N/A

The High Yield Checking or Investing sign up 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 account using the link below.
  2. Within 14 days, make deposits totaling $1,000 to earn $25; $10,000 to earn $100; $20,000 to earn $250; $50,000 to earn $500; $100,000 to earn $1,000; $250,000 to earn $2,500; or $500,000 to earn $5,000.
  3. Maintain that balance for 30 days for tiers 1 and 2, or 90 days for all other amounts ($20k+).
  4. Your Bitcoin reward will be paid into your Unifimoney Crypto account within 14 days.

read the full terms

Apply now to earn the $5000 bonus

PNC Bank Logo4. PNC Bank

Available nationwide, PNC is offering a competitive welcome bonus for opening a personal checking account and using direct deposit within the first 2 months. You'll need to use the apply now buttons found on PNC's offer page to be sure the promo is attached to your account, or you can opt for a code by email if you prefer to open in-branch.

If the $5k in direct deposit is too high, they're also running a couple of smaller offers with lower deposit requirements.

Assuming you don't have an account with PNC (and haven't within the last 90 days), we definitely recommend grabbing this easy bonus.

Virtual Wallet with Performance Select - $400 bonus

Expires: October 31, 2021

The Virtual Wallet with Performance Select sign up offer requires you to set up direct deposits in order to earn the $400 bonus. Full requirements to receive this bonus are:

  1. Open a Virtual Wallet with Performance Select account using the link below.
  2. Within 60 days, have a total of $5,000 in direct deposits.
  3. Bonus will be credited to your account within 60-90 days after meeting requirements.

read the full terms

Apply now to earn the $400 bonus

Chime Bank Logo5. Chime Bank

Chime has partnered with MyPoints to offer a bonus of 44,000 MyPoints (worth about $290) when you sign up for a new Chime account. This is a nice increase from the original deal of 26,000 points (about $165).

Spending Account - $290 bonus

Expires: October 31, 2021

The Spending Account sign up offer requires you to set up direct deposits in order to earn the $290 bonus. Full requirements to receive this bonus are:

  1. Open a new account with Chime using the link below.
  2. Within 30 days, receive a direct deposit of $200.
  3. Points will be credited to your MyPoints account within 60 days of meeting the requirements.

read the full terms

Apply now to earn the $290 bonus

Monifi Logo6. Monifi

Monifi is offering a $250 bonus to Spend customers who set up direct deposits into their new Spend account. You'll need to be a relatively new Spend customer (account opened between June 1 and October 31), but you don't need to have opted into the bonus at account opening to qualify.

They recently increased this reward to the $250 offer – it had been $200 (and $100 before that), with the same requirements.

Monifi Spend - $250 bonus

Expires: October 31, 2021

The Monifi Spend sign up offer requires you to set up direct deposits in order to earn the $250 bonus. Full requirements to receive this bonus are:

  1. Open a new Monifi Spend account using the link below.
  2. Within 90 days, receive two direct deposits of $1,000 each.
  3. Bonus will be credited to your spend account within 45 days of meeting requirements.

read the full terms

Apply now to earn the $250 bonus

Wells Fargo Bank Logo7. Wells Fargo Bank

Wells Fargo is offering new checking account customers $200. You'll have 3 months to receive $1,000 in direct deposits in order to qualify for the promo.

This is a pretty easy bonus that's available nationally without restriction, and the deposit amount has been cut in half (from $2,000 requirement to $1,000).

Keep in mind that this is their public offer. Wells Fargo is also targeting some customers with higher amounts (up to $400). Up to you whether it makes sense to wait for a targeted offer (if it comes), or to take advantage of this one.

Personal Checking - $200 bonus

Expires: December 31, 2021

The Personal Checking sign up offer requires you to set up direct deposits in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. Open a new personal checking account using the link below.
  2. Within 90 days, receive direct deposits totaling $1,000.
  3. Bonus will be deposited into your account within 30 days of the 90-day qualification period.

read the full terms

Apply now to earn the $200 bonus

8. Affinity Federal Credit Union

Affinity Credit Union is offering a $150 sign up bonus for joining the credit union and opening a Cash Back Debit account.

To earn the reward, you'll need to set up direct deposit and receive that recurring deposit for the three consecutive months following account opening. You'll also need use your debit card a total of 10 times within those three months.

This is a free rewards checking account from a credit union anyone can join.

They've partnered with more than 2,000 businesses, associations and clubs, and if you're affiliated with any of them, you're in. If that fails, then you can also become eligible to join by making a one-time $5 donation to either the New Jersey Coalition for Financial Education or the Connecticut Jump$tart Coalition.

Cash Back Debit - $150 bonus

Expires: December 31, 2021

The Cash Back Debit sign up offer requires you to set up direct deposits and make purchases using the account's card in order to earn the $150 bonus. Full requirements to receive this bonus are:

  1. Open a new Cash Back Debit account using the link below.
  2. Within 30 days, set up a recurring direct deposit of $500 and receive that direct deposit every month for 3 consecutive months.
  3. Within that same 90 days, make 10 debit card purchases.
  4. Bonus will be credited to your new account 30 days after meeting the requirements.

read the full terms

Apply now to earn the $150 bonus

Capital One Logo9. Capital One

Capital One is offering a $100 welcome bonus for opening a 360 Checking account and receiving direct deposits.

This is one of the lowest bonuses Capital One has offered (in the past, they've offered as much as $400, but the direct deposit requirement was slightly higher).

In our opinion, it's worth waiting to see if a higher offer come back around. But keep in mind that Capital One has been decreasing the amounts with each iteration, so there's no guarantee.

On the bright side, it's a free account from a solid national bank, and the requirements are low.

360 Checking - $100 bonus

Expires: January 11, 2022

The 360 Checking sign up offer requires you to set up direct deposits in order to earn the $100 bonus. Full requirements to receive this bonus are:

  1. Open a 360 Checking account using the promo code SHARE100.
  2. Within 90 days, receive 2 direct deposits each of $200 or more.
  3. Bonus will be credited to your account within 5 months of account opening.

read the full terms

Apply now to earn the $100 bonus

Bank of America Logo10. Bank of America

Bank of America is offering $100 for opening a new personal checking account.

It's not a huge bonus, but it's available nationwide and the requirements are super low.

Advantage Banking Account - $100 bonus

Expires: December 31, 2021

The Advantage Banking Account sign up offer requires you to set up direct deposits in order to earn the $100 bonus. Full requirements to receive this bonus are:

  1. Open a new Bank of America Advantage Banking personal checking account using the link below.
  2. Within 90 days, receive two direct deposits of $250 or more.
  3. Bonus will be deposited directly into your account within 60 days of meeting the requirements.

read the full terms

Apply now to earn the $100 bonus

Acorns Logo11. Acorns

Acorns is offering new Acorns Checking customers $75 for setting up direct deposits and using your debit card.

This promotion used to apply to existing customers as well (assuming they hadn't already set up direct deposit), but is now only available to new customers. The $500 spend requirement is new, too. Unfortunately the reward amount remained the same.

Overall, the requirements are still relatively easy to meet, but the bonus isn't as large as what other banks are offering. Also keep in mind that this comes with a $3 subscription (or $5 for a family account), and that the reward will be a lump sum investment into your Invest account versus cash into your checking account.

Acorns Spend - $75 bonus

Expires: December 31, 2021

The Acorns Spend sign up offer requires you to set up direct deposits and make purchases using the account's card in order to earn the $75 bonus. Full requirements to receive this bonus are:

  1. Open a new Acorns Spend account using the link below.
  2. Within 45 days, receive 2 direct deposits of $250 each.
  3. Within 3 months of your first direct deposit, spend at least $500 using your debit card.
  4. The bonus will be invested as a lump sum in the form of a purchase of investments in your Acorns Invest account within 45 days.

read the full terms

Apply now to earn the $75 bonus

HSBC Bank Logo12. HSBC Bank

HSBC has launched their next iteration of their "Share The Experience" referral program, where current HSBC customers can earn up to $2,000 by referring friends and family to the bank.

For the new customer, HSBC is offering a $400 welcome bonus. This is lower than it was previously, but they now allow the accounts to be opened online – which is a pretty big perk compared the old requirement of only in-branch.

You'll need a custom referral code, but the requirements are otherwise fairly easy to hit.

Keep in mind that if you're planning to go the direct deposit route, you can earn $450 with their public offer instead (though of course your friend misses out on their $100 kickback).

Premier [Referral] - $400 bonus

Expires: December 31, 2021

The Premier [Referral] sign up offer requires you to use a referral link, and optionally, set up direct deposits and deposit and maintain a minimum balance in order to earn the $400 bonus. Full requirements to receive this bonus are:

  1. Open a new Premier checking account using a referral code from an existing HSBC customer.
  2. Deposit $75,000 in either this account or combined across other HSBC accounts, OR have recurring direct deposits of at least $5,000, OR have a HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000.
  3. Bonuses will be deposited to both the new and referring account within 8-12 weeks.

read the full terms

Apply now to earn the $400 bonus

Discover Bank Logo13. Discover Bank

Discover Bank has a cool twist on the old-fashioned debit card: cash back rewards. Open an account online, and they'll give you 1% cash back on up to $3,000 in debit card purchases each month, for up to $360 each year as a bonus to your normal spending.

Cashback Debit - $360 bonus

Expires: N/A

The Cashback Debit sign up offer requires you to make purchases using the account's card in order to earn the $360 bonus. Full requirements to receive this bonus are:

  1. Open a new Discover Cashback Debit checking account using the link below.
  2. Use your debit card each month to make $3,000 in purchases to earn $30.
  3. Bonus cash will be deposited into your account each month.

read the full terms

Apply now to earn the $360 bonus

Pennsylvannia State Employees Credit Union Logo14. Pennsylvannia State Employees Credit Union

PSECU is offering $250 to new members who open a personal checking account. They will credit your account with the bonus within 45 days of establishing a recurring direct deposit, but will claw it back if that direct deposit isn't maintained for 6 months or if the account is closed within 12 months.

Something else to keep in mind: if you have ties with any of the PA entities that PSECU has a relationship with, you can join outright. But if not, you can still gain eligibility by joining Pennsylvania Recreation and Park Society (PRPS) through PSECU. PRPS Friend membership costs $20 (one-time), but PSECU will cover $10 when you open your account online, and you don't need to renew your PRPS membership to maintain your PSECU membership (once you're in, you're in!). Read more about PSECU eligibility requirements here.

Checking Account - $250 bonus

Expires: December 31, 2021

The Checking Account sign up offer requires you to set up direct deposits in order to earn the $250 bonus. Full requirements to receive this bonus are:

  1. Become a member of PSECU using the promo code 250OFFER.
  2. Sign up for a new checking account, including debit card and digital banking.
  3. Within 90 days, receive recurring direct deposits totaling $200 per month, and maintain that that direct deposit for 6 months.
  4. Bonus will be credited to your account within 45 days after meeting the requirements.

read the full terms

Apply now to earn the $250 bonus

Investors Bank Logo15. Investors Bank

Investors Bank is offering new eAccess Checking account customers up to $250, which breaks down to $25 for 10 months. Investors eAccess is Investor Bank's online bank, which is available nationwide. The trade off to being available outside of Investor Bank's normal NY/NJ footprint is that this offer also comes with a $1,000 minimum balance requirement. So, if you happen to live in New York or New Jersey, opt for one of their YourStyle checking account bonuses instead.

eAccess Checking - $250 bonus

Expires: N/A

The eAccess Checking sign up offer requires you to deposit and maintain a minimum balance, and optionally, set up direct deposits and make purchases using the account's card in order to earn the $250 bonus. Full requirements to receive this bonus are:

  1. Open a new eAccess checking account using the link below.
  2. Over the next 10 months, you'll earn $25 each month when you maintain a $1,000 monthly average balance AND when you complete any one of the following: (1) receive direct deposits totaling $500, OR (2) complete 10 debit card purchases, OR (3) make mobile check deposits totaling $500.
  3. Bonus will be deposited into your account at the end of each month that you meet the requirements.

read the full terms

Apply now to earn the $250 bonus

IncredibleBank Logo16. IncredibleBank

IncredibleBank is giving students up to 1 year's worth of Netflix subscriptions on the house.

That's right, IncredibleBank will re-imburse you for your Netflix subscription (up to $16.95) each month as long you use your debit card.

Chill Checking - $203 bonus

Expires: December 31, 2021

The Chill Checking sign up offer requires you to make purchases using the account's card in order to earn the $203 bonus. Full requirements to receive this bonus are:

  1. Open a Chill Checking account and verify Student status.
  2. Keep the account open at time of reimbursement.
  3. Pay your NETFLIX® subscription with the IncredibleBank debit card tied to your Chill Checking account.
  4. Make at least 5 additional debit card transactions in the month prior to your Netflix subscription posting.
  5. Reimbursement will be credited within two business days of the posting of your NETFLIX® charges.

read the full terms

Apply now to earn the $203 bonus

Christian Community Credit Union Logo17. Christian Community Credit Union

You'll need to be or become a member in order to qualify, and the organization strictly enforces the Christian Ministry requirement. If you are eligible, however, it's an easy bonus that's available nationwide.

Personal Checking Account - $200 bonus

Expires: N/A

The Personal Checking Account sign up offer requires you to set up direct deposits in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. Open a new checking account using the link below.
  2. Fund the account initially with at least $100.
  3. Within 60 days, receive a recurring direct deposit of $200 (each).
  4. Within that same 60 days, sign up for eStatements.

read the full terms

Apply now to earn the $200 bonus

GTE Financial Credit Union Logo18. GTE Financial Credit Union

GTE Financial is offering a $200 welcome bonus to new members that open a checking account and setup direct deposit. As with nearly all credit unions, when you join, a member-share account is established. You'll need to fund it with $5, which purchases your share of the credit union and makes you a member-owner.

You'll then need to add a checking account. Branches are located in Florida, but anyone can become a member by joining CU Savers Club, which is free.

What's more, you may be eligible for an additional bonus if you use referral code: S687849V2U.

Personal Checking - $200 bonus

Expires: October 31, 2021

The Personal Checking sign up offer requires you to set up direct deposits in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. Become a GTE member and apply the promo code JOIN200.
  2. Open a Go Premium with GTE Secure, Go Full Access, or Go Further checking account.
  3. Within 60 days, make a direct deposit totaling $500 or more.
  4. Bonus will be deposited into your new checking account within 10 days of completing the requirements.

read the full terms

Apply now to earn the $200 bonus

TIAA Bank Logo19. TIAA Bank

TIAA Bank is offering an easy bonus to new Yield Pledge Checking customers, with one big caveat: your employer must participate in their Workplace Banking program.

If you're lucky enough to qualify, however, this is a straightforward offer: open a new account, make cumulative direct deposits totaling $1,000 in 90 days, and get $150 for your trouble.

Yield Pledge® Checking - $150 bonus

Expires: N/A

The Yield Pledge® Checking sign up offer requires you to set up direct deposits in order to earn the $150 bonus. Full requirements to receive this bonus are:

  1. Open a new Yield Pledge Checking account from your employer’s dedicated Workplace Banking webpage or by calling 833-880-8422.
  2. Within 90 days, receive direct deposits totaling $1,000.
  3. Bonus will be credited to your account within 120 days of account opening.

read the full terms

Apply now to earn the $150 bonus

Current Logo20. Current

Current has paired up with Swagbucks to reward you with 12,000 swagbucks – the equivalent of $120 – for opening a new Premium Checking account.

The terms are super easy to meet and it's available nationwide, so we definitely recommend picking this one up if you can.

They're also running the same deal through MyPoints, if that's your preferred platform.

Premium Checking [SwagBucks] - $120 bonus

Expires: N/A

The Premium Checking [SwagBucks] sign up offer requires you to set up direct deposits in order to earn the $120 bonus. Full requirements to receive this bonus are:

  1. Open a Premium Checking account using the link below.
  2. Within 45 days, receive a direct deposit of $200.
  3. Bonus will be credited to your SwagBucks account in the form of 12,000 points within 45 days.

read the full terms

Apply now to earn the $120 bonus

Service Credit Union Logo21. Service Credit Union

Service Credit Union is offering a $50 now / $50 later bonus for opening a free checking account. While it's typically limited to MA and NH, the account and bonus are available nationwide if you first join the non-profit American Consumer Council (ACC) for free using the promo code "consumer".

The bonus is relatively low, but the requirements are easy to meet and the account can be conveniently opened online, so it's a no-brainer in our opinion.

Everyday Checking - $100 bonus

Expires: N/A

The Everyday Checking sign up offer requires you to optionally, make purchases using the account's card in order to earn the $100 bonus. Full requirements to receive this bonus are:

  1. Open a new Everyday or Dividend checking account using the link below.
  2. $50 will be immediately deposited into your account.
  3. WIthin 30 days, complete 10 debit card transactions to earn an additional $50.

read the full terms

Apply now to earn the $100 bonus

7 Best Business Checking Account Bonuses

There aren’t as many promotions for opening business checking accounts, but here are the top business checking account bonus offers available right now:

  1. Chase: $300 bonus
  2. Axos: $100 bonus
  3. NorthOne: $10 bonus
  4. U.S. Bank: $750 bonus
  5. Citi: up to $2000 bonus
  6. PNC: $500 bonus
  7. Kabbage: $300 bonus

Chase Bank Logo1. Chase Bank

Chase Bank is offering business owners a $300 bonus to open a new Chase Business Complete Banking℠ account.

The requirements are pretty easy to meet: deposit $2,000 and maintain it for 2 months, and complete just 5 qualifying transactions in the first 3 months. Several activities count as "qualifying transactions", including purchases on your debit card, deposits into the account, setting up a bill payment, and more. See the fine print for the full list, but needless to say, meeting that requirement should be painless.

What's especially awesome about this bonus compared to other business checking account offers is that Chase recently launched the ability for customers to open an account online. Compared to the vast majority of business checking accounts which require you to visit your local branch, opening an account at Chase is significantly more convenient.

If you prefer live help, however, you can still enroll in this offer by entering your email address on the bonus landing page to have an offer code sent to you. Just be sure to take that code with you when you visit a branch.

Chase Business Complete Banking℠ - $300 bonus

Expires: January 20, 2022

The Chase Business Complete Banking℠ sign up offer requires you to deposit and maintain a minimum balance, and optionally, make purchases using the account's card in order to earn the $300 bonus. Full requirements to receive this bonus are:

  1. Open a new Chase Business Complete Banking℠ account using the link below.
  2. Within 30 days, deposit at least $2,000 and maintain that balance for 60 days.
  3. Within 90 days of account opening, complete 5 qualifying transactions: debit card purchases, Chase QuickAccept℠ deposits, Chase QuickDeposit℠, ACH credits, wires (credits and debits), and/or bill pay.
  4. Bonus will be credited to your account within 15 days of meeting the requirements.

read the full terms

Apply now to earn the $300 bonus

Axos Bank Logo2. Axos Bank

Available nationwide with the ability to open online, Axos is offering a $100 welcome bonus when you open a new business interest checking account and use the promo code NEWBIZ100. This bonus does not require a direct deposit, but does require a minimum balance for the qualification period.

Business Interest Checking - $100 bonus

Expires: December 31, 2021

The Business Interest Checking sign up offer requires you to deposit and maintain a minimum balance in order to earn the $100 bonus. Full requirements to receive this bonus are:

  1. Have a business incorporated after 06/01/2020.
  2. Open a new Business Interest Checking account.
  3. For the two months following account creation, maintain an average minimum daily balance of $2,500.
  4. Bonus will be deposited into your new account within 5 business days of your statement cycle date.

read the full terms

Apply now to earn the $100 bonus

NorthOne Logo3. NorthOne

NorthOne is offering BankBonus.com readers 1-month FREE to try their Business Banking account.

There's no catch and no additional requirements – just sign up using our link, fund your account with any amount and your first month's fee will be waived.

Business Banking - $10 bonus

Expires: April 22, 2022

The Business Banking sign up offer requires you to in order to earn the $10 bonus. Full requirements to receive this bonus are:

  1. Sign up using our link below.
  2. Fund your account with any amount.
  3. Your first month's fee will be waived.

read the full terms

Apply now to earn the $10 bonus

U.S. Bank Logo4. U.S. Bank

U.S. Bank is offering a $750 cash bonus to small business owners who don't yet have a checking or payment solutions account with them.

You'll need to open both a new Gold Business Checking account and a new Payment Solutions account to be eligible for the promotion, but the requirements beyond that are super straightforward: just accept a single payment, and U.S. Bank will deposit the bonus into your checking account within 45 days.

If you're curious to learn more about how to process payments, U.S. Bank has this onboarding resource. The easiest way is to use your phone and rent a card reader for $5.

This bonus is available nearly nationwide (excludes NY and FL unless you have an existing relationship with U.S. Bank), and you can open the account online.

Gold Business Checking - $750 bonus

Expires: October 29, 2021

The Gold Business Checking sign up offer requires you to in order to earn the $750 bonus. Full requirements to receive this bonus are:

  1. Open a new Gold Business Checking Package and a new Payment Solutions Merchant Account using the link below.
  2. Within 30 days, accept and settle a Payment Solutions transaction into your new checking account.
  3. The bonus will be credited to your checking account within 45 days.

read the full terms

Apply now to earn the $750 bonus

Citi Logo5. 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 $200 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!

Business Checking Account - $2000 bonus

Expires: January 4, 2022

The Business Checking Account sign up 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.
  2. Within 30 days, deposit $5,000 to earn $200, $15,000 to earn $500, $25,000 to earn $700, $50,000 to earn $1,000, $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

Apply now to earn the $2000 bonus

PNC Bank Logo6. PNC Bank

PNC is running a couple of welcome bonus offers targeting business owners. 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 - $500 bonus

Expires: December 31, 2021

The Enterprise Checking Account sign up offer requires you to deposit and maintain a minimum balance in order to earn the $500 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 a $30,000 balance.
  3. Bonus will be deposited within 90 days of meeting the requirements.

read the full terms

Apply now to earn the $500 bonus

Kabbage Logo7. Kabbage

Available nationwide with the ability to open online, Kabbage is offering a $300 welcome bonus when you open a new checking account and complete some debit transactions. If you're in the market for an online business checking account, this offer is pretty simple to obtain.

Kabbage Checking™ - $300 bonus

Expires: December 15, 2021

The Kabbage Checking™ sign up offer requires you to make purchases using the account's card in order to earn the $300 bonus. Full requirements to receive this bonus are:

  1. Open a new Kabbage Checking™ account using our targeted link.
  2. Within 45 days, make 5 debit card transactions.
  3. Bonus will be deposited within 45-90 days of account open date.

read the full terms

Apply now to earn the $300 bonus

What Are Checking Account Bonuses?

Banks and credit unions are always looking to attract as many new customers as possible.

While most checking accounts are free (either by default or because you’re able to meet the requirements necessary to waive the fee), banks profit from you in other ways. Overdraft and other fees, add-ons like safe deposit boxes or checks, deepening their relationship with you through products like credit cards or loans, and more.

But even if you never pay your bank a single fee or a dime of interest, they still make money by having you as a customer.

Bringing in new money gives banks lending power – which means they’re able to lend to other clients and earn interest (and origination fees!) from those loans.

So, to attract new customers (and their cash), many banks offer welcome bonuses to new customers. This can be for a variety of accounts: savings, investment, credit cards and, most commonly, checking accounts.

By opening a new checking account and meeting certain requirements, banks in turn will often reward you with bonus cash.

Interested in earning cash for opening other types of accounts or for your business? Check out all of the current best sign-up bonuses active right now.

How Can I Qualify For A Checking Account Offer?

Every bonus will come with different terms. Often, the higher the requirements, the higher the reward.

Requirements for checking account offers usually fall into four categories:

  1. Minimum Balance: Some bonuses will require you to transfer new money to the account and then maintain that balance for a certain period of time. How long will vary, but it’s typically from 30 to 90 days.
  2. Direct Deposit: Other offers will require you to receive a direct deposit from your employer or government benefits such as social security. Often, the deposit will need to exceed a certain amount, and terms can vary from a single deposit to a recurring deposit that occurs over consecutive months.
  3. Debit Card: Sometimes the checking account bonus will require you to use your debit card to make a certain number of purchases.
  4. Account Features: The last common requirement involves using account features like Bill Pay, enrolling in eStatements, or logging into the mobile app.

Banks will outline exactly which of the above requirements – sometimes just one, sometimes a combination of several – are necessary to qualify for the checking account bonus.

Ultimately, they’re putting the terms in place so that new customers don’t get the bonus and quickly close the account, which would result in a financial loss for the bank.

Don’t Forget To Read The Fine Print

It’d be nice if it was as simple as signing up and cashing in, but there are few more things to consider.

First, make sure you understand the exact requirements, including what’s required of you and by when (not only when the offer expires, but also how quickly you’ll need to complete the tasks).

Also note whether there’s a promo or coupon code that needs to applied at the time you open the account to enroll in the promotion.

Next, make sure you’re eligible for the offer. Banks will often exclude current or former customers from a bonus offer, may require you to be of a certain age or live in a certain state or region.

Finally, don’t forget that checking account bonuses are considered income and will need to be claimed come tax time. Unlike credit card bonuses, which are viewed by the IRS as a rebate or discount, checking account bonuses are considered taxable income.

Which Checking Account Bonus Is Best?

The bigger, the better, right?

Yes, and no. Bonus offers vary quite a bit, and it isn’t necessarily as simple as finding the biggest number and going after it.

Instead, there are several things to consider when vetting or ranking checking account offers.

We focused on the following criteria:

  • Reasonable requirements compared to the cash payout
  • Nationally available offers
  • FDIC or NCUA insured, to protect your deposits
  • Accounts with no or waivable monthly fees

Checking Account Bonuses FAQs

What banks give you a bonus for opening a checking account?

New checking account bonuses are everywhere, but you can most often expect to see them at bigger national banks, such as Chase Bank and Citibank.

The offers are constantly changing, though. At BankBonus.com, we’re constantly scouring and updating the best bank bonuses available, so be sure to check back often (seriously, new offers are added almost every day!).

How are checking account bonuses paid out?

Most of the time, it’s in the form of a cash bonus that the bank puts directly into your new checking account.

The bonus might also be handed out in other forms, such as a Visa Gift Card or rewards points that you can use to make online purchases.

How much money can you get for opening a new checking account?

Offers typically range from a couple hundred to a thousand or more dollars, depending on the bank and how tough the requirements are to meet (higher deposit amounts, multiple direct deposits, etc).

New account bonuses are typically seen in traditional checking accounts, but you can also find them with business checking accounts and money market accounts.

Are checking account bonuses worth it?

Some bonus offers are worth it and some aren’t.

First, the requirements need to be reasonable and easy for you to meet.

You’ll also want to consider the opportunity cost of that bonus, particularly for offers with the minimum balance requirement.

A $400 bonus might seem like an amazing deal, but if you’re required to park funds for months and months that you currently have invested, then you might be losing money in the long run.

On the other hand, if you have money in a savings account earning next to nothing that you’ll need 6 months from now, a bank bonus might be a great low-risk way to put that money to work.

You also have to pay attention to any fees that might come with your new account. Fortunately, many banks offer bonuses even for opening a free checking account.

Find A Checking Account With The Best Bonus Offer

The key is to think of a personal checking account bonus as, well, a bonus. It’s a nice-to-have.

What you shouldn’t do is open an account that’s a poor fit just to chase some extra cash.

Instead, find exactly what it is that you’re looking for in a checking account. Then, narrow it down based on the offers of those that meet your needs.

The best bank account bonus for you is the one that makes the most sense for your financial situation, and that doesn’t hit you with a ton of fees down the road.