If you live in Alabama, you have access to a lot of great bank promotions that reward your wallet when you open a new account.
Whether you’re looking for a large national bank or a local institution that’s closer to home, there are plenty of offers to choose from.
To help you compare your options, we’ve identified the best bank promotions in Alabama for you and outlined their requirements.
Our Featured Nationwide Bonuses
Here are 3 of our featured bank bonuses that can be obtained nationwide:
SoFi
SoFi Checking and Savings
- Bonus
- up to $300
- Account Type
- Personal Checking
- Expires In
- 157 days
- Requires
- Direct Deposit
Discover
Discover® Cashback Checking
- Bonus
- up to $360
- Account Type
- Personal Checking
- Expires In
- Limited Time
- Requires
- Card Spend
Upgrade
Rewards Checking Plus
- Bonus
- $200
- Account Type
- Personal Checking
- Expires In
- Limited Time
- Requires
- Card Spend
See our list of the Best Banks in Alabama
Personal Checking Bonuses in Alabama
Here are the current personal checking promotions available in AL:
1. PNC Virtual Wallet® - up to $400 bonus
Available in 23 states plus the District of Columbia, PNC is back with a competitive welcome bonus for opening a personal checking account online and meeting direct deposit requirements within the first 2 months.
This is a tiered offer with the entry level Virtual Wallet® offering $100, $200 for opening a Virtual Wallet® with Performance Spend or $400 for opening a Virtual Wallet® with Performance Select - all with qualifying direct 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.
PNC Bank : Virtual Wallet®
- Bonus Amount
- up to $400
- Account Type
- Personal Checking
- Availability
- AL, AZ, CA, CO, DC, DE, FL, GA, IL, IN, KY, MD, MI, NC, NJ, NY, NM, OH, PA, SC, TX, VA, WI, WV
- Offer Expires
- September 3, 2024
- Bonus Requirements
-
- Open a Virtual Wallet® account online to qualify, See link below.
- Within 60 days, complete the direct deposit requirements for the account package that you opened: Virtual Wallet® - $500+ to earn $100 bonus, Virtual Wallet® with Performance Spend - $2,000+ to earn $200 bonus, or Virtual Wallet® with Performance Select - $5,000+ to earn $400 bonus.
- Bonus will be credited to your account within 60-90 days after meeting requirements.
2. Truist One Checking - $400 bonus
Truist, has a very solid offer for a new One Checking account, and $100 more than when it was previously offered. Available mostly along the East Coast and Southern states with the ability to open online, Truist is offering a $400 welcome bonus when you open a new One checking account and set up direct deposit.
Truist Bank : Truist One Checking
- Bonus Amount
- $400
- Account Type
- Personal Checking
- Availability
- AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV, DC
- Offer Expires
- October 30, 2024
- Bonus Requirements
-
- Open a new One Checking account online or in-branch using promo code TRUIST400AFL24.
- Within 90 days of account opening, complete one qualifying direct deposits of $500 or more.
- Within the same 90 days, complete at least 15 qualifying debit card purchases.
- The reward will be deposited into the new checking account within 4 weeks of verifying the Direct Deposit qualification requirement.
- Terms Apply. Member FDIC.
at Truist
3. First Horizon Bank FirstView Checking - $450 bonus
Available in select SouthEastern states, First Horizon Bank is offering a $450 welcome bonus when you open a new personal checking account and complete make a qualified direct deposit. Previously, this offered required a minimum balance and other activities.
First Horizon Bank : FirstView Checking
- Bonus Amount
- $450
- Account Type
- Personal Checking
- Availability
- AL, AR, FL, GA, KY, LA, MS, NC, NY, SC, TN, TX, VA
- Offer Expires
- July 31, 2024
- Bonus Requirements
-
- Open a new FirstView Checking account using your personalized promo code from the link below.
- Within 90 days, make qualifying direct deposits totaling at least $1,000.
- Bonus will be deposited into your account within 10 business days after qualifying activities are met.
at First Horizon Bank
4. SouthState Bank Personal Checking - $200 bonus
SouthState Bank is offering residents in select Southeast states (Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia) $200 for opening a new personal checking account. The bonus requirements are low, the maintenance fees are easily waived, and the account can be opened online. It's a no brainer if you qualify!
SouthState Bank : Personal Checking Account
- Bonus Amount
- $200
- Account Type
- Personal Checking
- Availability
- GA, NC, SC, VA, FL, AL
- Bonus Requirements
-
- Open any personal checking account using the promo code EARN200.
- Within 60 days, have a total of $250 in direct deposits OR have at least 1 automatic/pre-authorized draft of $25 to a non-SouthState Bank account.
- Within 60 days, also make 15 debit card purchases.
- Bonus will be credited to your account within 2 business days of the completion of the 60 day qualifying period.
at SouthState Bank
5. Valley My Choice - up to $150 bonus
Valley National Bank is offering young adults ages 17 to 25 up to $150 for opening a new Valley My Choice checking account.
The bonus breaks down into two $75 rewards. The first is earned just by opening the account and enrolling in mobile banking and paperless statements (super easy!). For the second $75, you have your choice between debit card purchases or online bill payments. Either way, this is a really easy bonus for teens and young adults.
Valley Bank : Valley My Choice
- Bonus Amount
- up to $150
- Account Type
- Student Checking
- Availability
- AL, FL, NJ, NY
- Bonus Requirements
-
- Open a new Valley My Choice checking account using the link below.
- Within 60 days, activate mobile banking and enroll in paperless statements to earn $75.
- Within the same 60 days, optionally complete 1 of the following 2 requirements to earn an additional $75: (1) make 20 debit card purchases of $5 or more each, OR (2) complete 3 online bill payments.
- Bonus(es) will be credited to your account within 90 days of account opening.
at Valley
6. Valley All Access Rewards Checking - up to $240 bonus
Valley National Bank is offering a bonus of $20 per month for an entire year to customers who open an All Access Rewards Checking Account. To receive the full $240 bonus, you'll need to maintain recurring direct deposits each month.
Valley Bank : Valley All Access Rewards Checking
- Bonus Amount
- up to $240
- Account Type
- Personal Checking
- Availability
- AL, FL, NJ, NY
- Bonus Requirements
-
- Open a new All Access Rewards Checking Account using the link below.
- For the next 12 months, receive $750 or more in qualifying direct deposits each month to earn $20.
- The bonus will be credited within 35 days of each month's qualifying direct deposit.
at Valley
7. Valley My Choice Teen Checking - $25 bonus
Valley National Bank is offering a $25 sign up bonus to teens ages 13-16 who sign up for a new My Choice Teen Checking account with a debit card. You'll need to visit a local branch with your parent or guardian, but the requirements are otherwise just as simple as they sound!
Valley Bank : Valley My Choice Teen Checking
- Bonus Amount
- $25
- Account Type
- Personal Checking
- Availability
- AL, FL, NJ, NY
- Bonus Requirements
-
- Open a new My Choice Teen Checking account at a local branch.
- Sign up for a debit card.
- Bonus will be credited to your new account within 90 days from meeting the requirement.
at Valley
8. Regions LifeGreen Checking - $50 bonus
Available primarily in the Southeast with the ability to open online, Regions is offering a $50 bonus when you refer a friend to open a new personal checking account. What's even more? Your friend will also receive a $50 bonus.
Your friend can stack this offer with their checking account bonus to earn a total of $250.
Regions Bank : LifeGreen Checking
- Bonus Amount
- $50
- Account Type
- Personal Checking
- Availability
- AL, AR, FL, GA, IL, IN, IA, KY, LA, MS, MO, NC, SC, TN, TX
- Bonus Requirements
-
- Have an existing Regions account.
- Refer a friend or family member using the link below and ensure they open a new account within 90 days.
- Within 60 days of opening the account, the person you referred must complete the following: 1) make at least 10 debit card purchases; 2) make a direct deposit of at least $300; and 3) enroll in eStatements.
- Bonus will be paid as a Rewards Card sent via mail within 120 days of all requirements being met.
Note: Don’t see an offer that piques your interest? You can use our tool to explore a full list of bank promotions
Personal Savings Bonuses in Alabama
Here are the current personal savings promotions available in AL:
1. Citi® Accelerate Savings - 4.45% APY
Citi offers a really competitive APY rate in their Citi® Accelerate Savings account, a high-yield savings product.
You can find slightly higher rates elsewhere, but nearly all of those will have balance limits. In other words, you'll earn a great rate on the first $15k, but then the rate drops considerably.
Citi, on the other hand, has no limit. So for those who have sizable savings they'd like to keep liquid, Citi® Accelerate Savings will often win out.
There's no opening deposit minimum or ongoing balance requirements, but do keep in mind that having a $0 balance for longer than 3 months could cause your account to be closed.
Citi® : Citi® Accelerate Savings
- Bonus Amount
- 4.45% APY
- Account Type
- Personal Savings
- Availability
- AK, AL, AR, AZ, CO, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NM, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, WA, WI, WV, WY
- Bonus Requirements
-
- Open a new Citi® Accelerate Savings account using the link below.
- Transfer money from a different bank or an existing Citi account.
- Interest compounds daily and will be credited to your account each month.
at Citi®
Business Bonuses in Alabama
Here are the current business banking promotions available in AL:
1. Regions Business Checking - $150 bonus
Available primarily in the Southeast, Regions is offering a $150 bonus when you refer a friend to open a new business checking account. What's even more? Your friend will also receive a $150 bonus.
Regions Bank : Business Checking
- Bonus Amount
- $150
- Account Type
- Business Checking
- Availability
- AL, AR, FL, GA, IL, IN, IA, KY, LA, MS, MO, NC, SC, TN, TX
- Bonus Requirements
-
- Have an existing Regions account.
- Refer a friend or family member using the link below and ensure they open a new account within 90 days with an opening deposit of at least $500.
- Within 60 days of opening the account, the person you referred must make at least one Visa Business CheckCard purchase and enroll in eStatements.
- Bonus will be paid as a Rewards Card sent via mail within 120 days of all requirements being met.
2. BankPlus Business Checking - up to $100 bonus
Available to businesses in Mississippi and around the gulf of Alabama and Louisiana and Florida, BankPluss is offering up to a $100 bonus just for using your new debit card. This is a rare business banking bonus that doesn't require a minimum balance.
BankPlus : Business Checking
- Bonus Amount
- up to $100
- Account Type
- Business Checking
- Availability
- AL, FL, MS
- Bonus Requirements
-
- Open a new business checking account with BankPlus.
- In the month of account opening, make 2 debit card purchases using your BankPlus Business Visa® debit card, earn $25.
- In the second month, make 8 debit card purchases using your BankPlus Business Visa® debit card, earn $75.
- $25 bonus and $75 bonus will be credited to the account at end of statement cycle in which transactions were posted and cleared.
at BankPlus
3. SouthState Bank Business Checking - $400 bonus
Available primarily in the SouthEast, SouthState Bank is offering a $400 welcome bonus when you open a new business checking account and complete qualifying activities. Don't worry, they're not egregious! You'll have your choice of making debit card purchases or ACH deposits.
This is a very easy bonus to earn, and we haven't seen a business bonus from SouthState before, so we'd recommend jumping on this if you're in the market.
What's more? SouthState regularly offers a $200 personal checking bonus as well so you can open up both and earn some solid cash!
SouthState Bank : Business Checking
- Bonus Amount
- $400
- Account Type
- Business Checking
- Availability
- AL, FL, GA, NC, SC, VA
- Bonus Requirements
-
- Open a new business checking account from SouthState (they have 6 eligible accounts!) using promo code SB400.
- Within 90 calendar days, make 15 or more posted and cleared debit card purchases OR make at least $5,000 ACH credits to the account.
- Bonus will be paid within 2 business days of the completion of the 90 calendar day qualifying period.
See our full list of the Best Business Checking Account Promotions
Investing Bonuses
Here are the current investing promotions available in your area:
1. J.P. Morgan Self-Directed Investing - up to $700 bonus
Available nationwide with the ability to open online, J.P. Morgan Wealth Management is offering up to a $700 welcome bonus when you open a new Self-Directed Investing account with qualifying minimum funding.
This is tiered bonus, meaning that the more you deposit, the more you may be eligible to earn. New for this iteration, J.P. Morgan has introduced a lower tier at $5,000, down from the previous $25,000 entry point and raised the max bonus amount!
Here are all 4 tiers of this investing bonus:
| New Money Added | Bonus Amount |
|---|---|
| $5,000-$24,999 | $50 |
| $25,000-$99,999 | $150 |
| $100,000-$249,999 | $325 |
| $250,000+ | $700 |
This is the highest offer that we've seen to-date from J.P. Morgan.
J.P. Morgan Wealth Management : Self-Directed Investing
- Bonus Amount
- up to $700
- Account Type
- Investment
- Availability
- Nationwide
- Offer Expires
- October 11, 2024
- Bonus Requirements
-
- Open a J.P. Morgan Self-Directed Investing account using the link below.
- Within 45 days, fund your account with qualifying new money; $5,000 - $24,999 = $50 bonus; $25,000 - $99,999 = $150 bonus; $100,000 - $249,999 = $325 bonus, $250,000 = $700 bonus.
- Your bonus amount will be determined on day 45.
- Maintain your new funds for 90 days (losses due to trading or market fluctuation will not be taken into account).
- Bonus will be received within 15 days.
- INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
at J.P. Morgan
2. E*TRADE Bank Brokerage - up to $5000 bonus
Payouts have increased again! E*Trade is now offering new investors up to $5,000 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 $5,000, 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.
E*TRADE Bank : Brokerage Account
- Bonus Amount
- up to $5000
- Account Type
- Investment
- Availability
- Nationwide
- Offer Expires
- July 31, 2024
- Bonus Requirements
-
- Open a new eligible E*TRADE brokerage or retirement account using the link below with promocode REWARD24.
- During the first 60 days, fund your new account with new money as follows: $50 - $999, earn $100; $1,000 - $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+ earn $5,000.
- 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.
at E*TRADE Bank
3. TD Bank Automated Investing - up to $750 bonus
TD is getting in the robo-advisor game and offering up to $750 when you open a new TD Automated Investing account. This is a tiered bonus where you can earn more depending on how much money you can invest.
TD Bank : Automated Investing
- Bonus Amount
- up to $750
- Account Type
- Investment
- Availability
- Nationwide
- Offer Expires
- July 31, 2024
- Bonus Requirements
-
- Open a new TD Automated Investing account with at least $1,000.
- Within 30 days, fund your new account as follows: $1,000 - $4,999, earn $50; $5,000 - $24,999, earn $150; $25,000 - $49,999, earn $250; $50,000 – $74,999, earn $450; $75,000+, earn $750.
- Maintain a minimum balance of $1,000 for 90 calendar days after your TD Automated Investing account is approved.
- Bonus will be credited to your new TD Automated Investing account within 15 calendar days of meeting eligible offer requirements
at TD Bank
4. U.S. Bancorp Investments Wealth Management - up to $1000 bonus
Available nationwide, U.S. Bancorp Investments is offering up to a $1,000 welcome bonus when you open a new investment account and add balances. You'll need at least $250,000 to be eligible for the first tier, which is pretty steep to earn a $250 bonus; however, if you have the cash and looking to invest with U.S. Bank it's an easy bonus.
U.S. Bancorp Investments : Wealth Management
- Bonus Amount
- up to $1000
- Account Type
- Investment
- Availability
- Nationwide
- Offer Expires
- August 31, 2024
- Bonus Requirements
-
- Speak with a financial advisor and open a new investment account with U.S. Bancorp Investments.
- Deposit $250,000 - $499,999 to earn $250; $500,000 - $999,999 to earn $500; 1,000,000+ to earn $1,000.
- Maintain balances through December 31, 2024.
- Bonus will be applied on January 30, 2025
5. Citi® Self Invest - up to $500 bonus
Available nationwide to new and existing customers, Citi is offering up to a $500 bonus when you add new-to-Citi funds to a Citi® Self Invest account.
As is typical with Citi promotions, this is a tiered offer: the more you add, the more you earn. You'll need to deposit at least $10,000 to earn a $100 reward, or at least $200,000 to receive the full $500.
You'll need to also maintain your funds through a date defined on the Citi website, depending on the month in which you open your account.
Citi® : Citi® Self Invest
- Bonus Amount
- up to $500
- Account Type
- Investment
- Availability
- Nationwide
- Offer Expires
- September 30, 2024
- Bonus Requirements
-
- Open a new Citi® Self Invest account or add new-to-Citi funds to an existing account.
- Opt-in to eDelivery of statements and confirmations.
- Bonus will be tiered based on the total amount added: $10,000 to earn $100; $50,000 to earn $200; $200,000 to earn the full $500.
- Maintain the New-To-Citi funds in your account through the “maintain funds” deadline as outlined in the chart.
- Bonus will be credited on the last day of the 3rd month following the “maintain funds” period.
at Citi®
6. Citi® Personal Wealth Management - $5000 bonus
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+.
Citi® : Personal Wealth Management
- Bonus Amount
- $5000
- Account Type
- Investment
- Availability
- Nationwide
- Offer Expires
- September 30, 2024
- Bonus Requirements
-
- 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).
at Citi®
7. Robinhood Investing - Free stock (up to $200) bonus
Robinhood is a commission-free stock trading platform that's had mixed headlines in the news (GME, what?). But Robinhood is a popular choice – particularly among beginner investors – due to their sleek, easy-to-use app.
This is a program that many investment apps now offer, but Robinhood pioneered: sign up and get a free stock. The stock has a 98% chance of being worth $5-$10, so this isn't an amazing bonus, but it's something for almost nothing (you don't even need to fund your account). The stock will hit your account within a week, and is tradeable 2 days after that.
Robinhood : Investing Account
- Bonus Amount
- Free stock (up to $200)
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Open a new Robinhood investing account using the link below.
- Link your bank account.
- Stock bonus will be credited to the enrolled account within approximately one week.
at Robinhood
8. SoFi Invest - up to $10000 bonus
SoFi is offering customers a cash bonus to move your portfolio over to SoFi. The bonus is tiered, and you'll need to transfer $5 million in assets to earn the full $10,000 (steep!), but the bonus starts at $100 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 : Sofi Invest
- Bonus Amount
- up to $10000
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Open a new SoFi Invest account using the link below (or be an existing user).
- Before the promotion's expiration date, transfer investments from another brokerage firm: $5,000 to earn $100, $25,000 to earn $200, $100,000 to earn $500, $250,000 to earn $750, $500,000 to earn $1,000, $1,000,000 to earn $2,500, $2,000,000 to earn $5,000 or $5,000,000+ to earn $10,000.
- 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.
at SoFi
9. Acorns Invest - $20 bonus
Acorns is offering BankBonus.com users a $20 welcome bonus when you open a new Invest account. You just need to open the account from the link below and fund it with $5 to earn the reward.
What's more? They've been running amazing referral bonuses. So, sign up for a new account and then share your referral link with friends and family, and you could be pocketing up to $1,000+ each week!
Acorns : Acorns Invest
- Bonus Amount
- $20
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Open a new Acorns Invest account using the link below.
- Fund account with at least $5.
at Acorns
10. Fidelity Personal - $100 bonus
Fidelity is offering a super easy $100 bonus to customers who open a new Fidelity Account®, Cash Management Account, or a Roth or traditional IRA.
To earn the bonus, you'll just need to fund the new account with $50. Then, 10 days later, your account will be $100 richer.
Keep in mind that the fine print says that you'll need to maintain the bonus award in the account for at least 90 days, otherwise you could forfeit it.
Fidelity Investments : Personal Account
- Bonus Amount
- $100
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Open a new eligible account using the promo code FIDELITY100.
- Within 15 days, deposit $50.
- Bonus will be deposited directly to the eligible account within 10 calendar days after the qualification period.
at Fidelity
11. Tradestation Brokerage - up to $3500 bonus
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.
Tradestation : Brokerage Account
- Bonus Amount
- up to $3500
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- 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.
at Tradestation
12. Bank of America Merrill Edge Self-Directed - up to $600 bonus
Available nationwide with the ability to open online, Bank of America's Merrill Edge is offering up to a $600 welcome bonus when you open a new Merrill Edge Self-Directed account and make an initial deposit.
What's more? There's also a $1,000 Merrill Edge bonus for those enrolled in Bank of America's Preferred Rewards program. The lower tiers are also bumped as well.
We only list the most popular tiers; however, here's a complete list of tiers you can ask for:
- $20,000 to $49,999 – $100
- $50,000 to $99,999 – $150
- $100,000 to $199,999 – $250
- $200,000 to $299,999 – $600
- $300,000 to $499,999 – $1,000
- $500,000 to $999,999 – $1,500
- $1,000,000 or more – $2,500
- $2,000,000 or more – $3,500
- $5,000,000 or more – $5,000
- $10,000,000 or more – $7,500
Bank of America : Merrill Edge Self-Directed
- Bonus Amount
- up to $600
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Open a new Self-Directed Trading account from Merrill Edge using promo code "600ME".
- Within 45 days, fund your account with new money from outside Bank of America. To earn a $100 bonus, deposit $20,000-$49,999; To earn a $150 bonus, deposit $49,999-$99,999; To earn a $250 bonus, deposit $100,000-$199,999; To earn a $600 bonus, deposit $200,000 - $299,999.
- Maintain that balance for at least 90 days.
- Bonus will be deposited within two weeks following the end of the 90 day period.
at Bank of America
13. Charles Schwab Schwab One® - up to $1000 bonus
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
Charles Schwab : Schwab One®
- Bonus Amount
- up to $1000
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- 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.
14. Fidelity Youth - $50 bonus
Fidelity is offering a $50 welcome bonus to teens who open a new Youth account. These accounts are one-stop shops for saving, spending and investing. They'll earn 5¢ every time they use their debit card, can automate their savings, invest in US stocks and Fidelity mutual funds – and parents can oversee it all, getting notified of their teen's trades and transactions.
A parent or guardian needs to first have their own Fidelity brokerage account in order to open the youth account for their teen, but if you're new to Fidelity, you can not only open both accounts at the same time, but you'll also earn $100 bonus yourself once you fund your new account.
Fidelity Investments : Fidelity Youth Account
- Bonus Amount
- $50
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Parent or guardian opens the Fidelity Youth Account on behalf of their teen.
- Teen activates their new account by downloading the app, creating a login, and agreeing to the T&C.
- Bonus will be deposited within 3-5 business days.
at Fidelity
15. SoFi SoFi - $15 bonus
SoFi is offering a $15 welcome bonus for you and a friend when you refer someone to open a new SoFi account. This bonus is available across most of their products, including: SoFi Money, SoFi Invest, SoFi Loans and a SoFi credit card. You can receive up to $75 total. This isn't exactly the highest bonus we've seen from them, so you'll have to decide if now is the right time or to hold out for something a little more enticing.
It's important to note too that each program has its own set of rules, each of which is outlined on their referral website linked below.
SoFi : SoFi Account
- Bonus Amount
- $15
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Download the app using the link below.
- Refer a friend (or be referred) using your specific referral link for a particular SoFi product.
- Follow the program rules highlighted on the website.
- Bonus will automatically be applied to your SoFi account(s).
16. Charles Schwab Schwab One® - $101 bonus
Charles Schwab has a bonus targeting new or entry-level investors in what they call the Schwab Starter Kit™, but new customers of all comfort levels can qualify. When you open a new account for this promo, Schwab will invest your bonus in fractional shares or "slices" of the top stocks by market cap in the S&P 500. Schwab recently upped this bonus from $50 at its previous level. It's a great way to start investing!
Charles Schwab : Schwab One®
- Bonus Amount
- $101
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Open a new Schwab One account at the url below or open a new taxable investment account using promo code "SCHWABSTARTERKIT".
- Within 30 days, Fund your account with a minimum of $50.
- Once funded, Schwab will deposit $101 in your account to purchase your stock slices at approximately 6:00 pm Eastern Time the next trading day.
at Charles Schwab
See our full list of the Best Brokerage Account Promotions
Alabama Banking Stats
Curious about banking in Alabama? As you can see from the offers above, there’s no shortage of banks and credit unions throughout AL.
Here are a few fast facts about Alabama’s banks and credit unions, based on the most recently released Alabama Superintendent of Banks’ Annual Report, CUNA’s State Fact Sheet, and the FDIC’s State Profile of Alabama:
- Number of banks: There were 96 banks in Alabama at the end of 2023, down 2 from 2022.
- Number of credit unions: Alabama also had 96 state credit unions and over 2.7 million memberships at the end of 2023.
- City with the most banks: Birmingham has more banks than any other city in Alabama, with 48 banks.
- State ranking: At the end of 2022, Alabama ranked 8th in the nation based on commercial bank assets per state charter and 16th based on total assets.
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