Best Bank Promotions in Arkansas (July 2024)

Looking for bank promotions in Arkansas? You’re in luck. With more than 80 banks headquartered in the state and several popular national banks operating in Arizona, you have access to a lot of competitive account bonuses.

We’ve weeded through dozens of offers and found the best bank bonuses and promotions in Arizona, providing you with all the details you need to unlock each offer.

Here are 3 of our featured bank bonuses that can be obtained nationwide:

Bank of America

Advantage Banking Account

Bonus
$750
Account Type
Personal Checking
Expires In
65 days
Requires
  • Min Balance

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

 

Personal Checking Bonuses in Arkansas

Here are the current personal checking promotions available in AR:

1. 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
  1. Open a new One Checking account online or in-branch using promo code TRUIST400AFL24.
  2. Within 90 days of account opening, complete one qualifying direct deposits of $500 or more.
  3. Within the same 90 days, complete at least 15 qualifying debit card purchases.
  4. The reward will be deposited into the new checking account within 4 weeks of verifying the Direct Deposit qualification requirement.
  5. Terms Apply. Member FDIC.

2. 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
  1. Open a new FirstView Checking account using your personalized promo code from the link below.
  2. Within 90 days, make qualifying direct deposits totaling at least $1,000.
  3. Bonus will be deposited into your account within 10 business days after qualifying activities are met.
Apply Now

at First Horizon Bank

3. PNC Virtual Wallet Pro - $200 bonus

Don't live in a state where PNC has a branch? No worries, PNC is offering a $200 bonus when you open a Virtual Wallet Checking Pro account, which is only available to customers outside their in-branch footprint. Just complete the direct deposit requirements within 60 days. If you're in any one of the following states, this bonus is for you: AK, AR, CT, HI, ID, IA, KS, LA, ME, MA, MN, MS, MT, NE, NV, NH, ND, OK, OR, RI, SD, TN, UT, VT, WA, WY.

PNC Bank : Virtual Wallet Pro

Bonus Amount
$200
Account Type
Personal Checking
Availability
AK, AR, CT, HI, ID, IA, KS, LA, ME, MA, MN, MS, MT, NE, NV, NH, ND, OK, OR, RI, SD, TN, UT, VT, WA, WY
Offer Expires
September 3, 2024
Bonus Requirements
  1. Reside in a state that doesn't have a PNC branch.
  2. Open an account using the link below.
  3. Within 60 days, complete direct deposits totaling $2,000.
  4. Bonus will be deposited within 60-90 days after all conditions are met.

4. U.S. Bank Smartly® Checking - up to $450 bonus

U.S. Bank is offering up to a $450 bonus for opening a new U.S. Bank Smartly® Checking and Standard Savings account. This is back towards the lower end of bonuses we've seen from U.S. Bank. This is a multipart bonus, meaning the more activities you complete, the more you can earn.

The direct deposit threshold for the checking bonus is somewhat steep, at a minimum $7,500 to earn a checking bonus, but if you have the income, this is an easy bonus. You'll have 90 days to reach this target, but keep in mind that unlike some banks that let you hit the bonus in a single transaction, U.S. Bank requires at least two direct deposits to qualify for this promotion.

The second part of the bonus is for opening a Standard Savings account and maintaining a minimum balance. The minimum balance requirements remain at $15,000 this go around.

U.S. Bank : U.S. Bank Smartly® Checking

Bonus Amount
up to $450
Account Type
Personal Checking
Availability
AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, WY
Offer Expires
September 26, 2024
Bonus Requirements
  1. Earn up to $450 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account and complete qualifying activities.
  2. Within 90 days, enroll in online banking or the U.S. Bank Mobile App AND Make two or more direct deposit(s) totaling amounts as follows: $2,000 - $4,999.99, earn $250; $5,000 - $7,999.99, earn $350; $8,000+, earn $450.
  3. Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.

5. Equity Bank Personal Checking - up to $200 bonus

New customers can receive up to $200 from Equity Bank when they open a Bank@Work account and complete various (optional) activities.

Receive $50 just for opening your new checking account. Complete direct deposits, use your debit card and open a savings account to earn the remaining $150.

Equity Bank : Personal Checking [Bank@Work]

Bonus Amount
up to $200
Account Type
Personal Checking
Availability
AR, KS, MO, OK
Bonus Requirements
  1. Be employed at a company with a banking relationship at Equity Bank.
  2. Open a qualifying checking account to receive $50.
  3. Do any of the following activities within 45 days to earn their respective bonuses: direct deposit + use your debit card ($50), open a savings account ($100)
  4. Bonus will be deposited within 45 to 60 days of account opening.

6. 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
  1. Have an existing Regions account.
  2. Refer a friend or family member using the link below and ensure they open a new account within 90 days.
  3. 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.
  4. Bonus will be paid as a Rewards Card sent via mail within 120 days of all requirements being met.

7. Arvest Bank Personal Checking - $50 bonus

With branches in Arkansas, Kansas, Missouri, and Oklahoma and the ability to open online, Arvest Bank is offering a $50 welcome bonus when you are referred to open a new personal checking account. This bonus doesn't require direct deposit, but does require debit card spend. What's even more? The friend that referred you will also receive $50.

Arvest Bank : Personal Checking

Bonus Amount
$50
Account Type
Personal Checking
Availability
AR, MO, OK, KS
Bonus Requirements
  1. Be referred by a current Arrest customer.
  2. Within 180 days of being referred, open a new Arvest personal checking account.
  3. Within 60 days, do one of the following: 1) make a direct deposit OR make an automatic payment OR setup a recurring debit card transaction.
  4. Within the same 60 days, make 8 purchases with your Arvest debit card.
  5. Bonus will arrive in the form of a Rewards card in 4-6 weeks after completing all offer requirements.

8. Equity Bank Personal Checking - $200 bonus

Available in select midwestern states, Equity bank is offering a $200 bonus when you open a new personal checking account and setup direct deposit. This is the first time we've seen them offer a bonus outside of their Bank@Work program, so now might be a great chance to hop on it if you're in their coverage area.

Equity Bank : Personal Checking

Bonus Amount
$200
Account Type
Personal Checking
Availability
AR, KS, MO, OK
Bonus Requirements
  1. Open a new personal checking account.
  2. Within 45 days, setup and complete a direct deposit.
  3. During the same time period, apply for, receive, and activate and use an Equity Bank debit card.
  4. Bonus will be directly deposited into customer’s qualifying account after approximately 45 days of account opening, assuming qualifications are 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 Arkansas

Here are the current personal savings promotions available in AR:

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
  1. Open a new Citi® Accelerate Savings account using the link below.
  2. Transfer money from a different bank or an existing Citi account.
  3. Interest compounds daily and will be credited to your account each month.

2. Simmons Bank Save10 Youth Savings - up to $120 bonus

Available at select Arkansas branches, Simmons Bank is offering up to $120 in free cash for their youth savings account. This comes in the form of several micro bonuses. You'll receive a matching $10 when you open the account with $10. Next, earn $1 for every A on your report card, up to $10 total. Finally, before your 18th birthday, convert your account to a Simply Savings account and receive up to an additional $100.

Simmons Bank : Save10 Youth Savings

Bonus Amount
up to $120
Account Type
Student Savings
Availability
AR
Bonus Requirements
  1. Visit select Arkansas branches of Simmons Bank, as defined in the link below, and sign up for a Save10 Youth Savings account.
  2. Open the account with $10 or more and maintain through the third reward cycle and receive a $10 match.
  3. Provide proof of grades within 30 days of school year end in the branch via sealed or stamped report, for up to $10.00 ($1 per A).
  4. At age 18, convert your account, or open a checking product within 60 days of turning 18 to receive conversion bonus.
  5. Conversion bonus will pay as follows: (1) If your balance is $100 to $249 reward will be $10; (2) If balance is $250 to $499 reward will be $25; (3) If your balance is $500 to $749 reward will be $50; (4) if your balance is $750 to $999 reward will be $75; and (5) if balance is $1,000+ reward will be $100.
  6. Conversion bonus will pay 180 days post-conversion.

Business Bonuses in Arkansas

Here are the current business banking promotions available in AR:

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
  1. Have an existing Regions account.
  2. 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.
  3. Within 60 days of opening the account, the person you referred must make at least one Visa Business CheckCard purchase and enroll in eStatements.
  4. Bonus will be paid as a Rewards Card sent via mail within 120 days of all requirements being met.

2. Equity Bank Business Checking - $400 bonus

Available in select midwestern states, Equity Bank is offering a $400 welcome bonus when you open a new business checking account and deposit new cash into the bank. It's a fairly simple bonus and the cash requirements are relatively low, so we suggest taking advantage of this offer if you qualify.

Equity Bank : Business Checking

Bonus Amount
$400
Account Type
Business Checking
Availability
AR, KS, MO, OK
Bonus Requirements
  1. Open a Small Business or Commercial Checking account with Equity Bank.
  2. By June 30, complete the following: Enroll in business online banking AND make $2,500 or more in qualifying deposits.
  3. Keep the account open and active.
  4. Bonus will be deposited into your checking account within 30 days after the qualification expiration date of June 30, 2024.

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
  1. Open a J.P. Morgan Self-Directed Investing account using the link below.
  2. 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.
  3. Your bonus amount will be determined on day 45.
  4. Maintain your new funds for 90 days (losses due to trading or market fluctuation will not be taken into account).
  5. Bonus will be received within 15 days.
  6. INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

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
  1. Open a new eligible E*TRADE brokerage or retirement account using the link below with promocode REWARD24.
  2. 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.
  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.
Apply Now

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
  1. Open a new TD Automated Investing account with at least $1,000.
  2. 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.
  3. Maintain a minimum balance of $1,000 for 90 calendar days after your TD Automated Investing account is approved.
  4. Bonus will be credited to your new TD Automated Investing account within 15 calendar days of meeting eligible offer requirements

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
  1. Speak with a financial advisor and open a new investment account with U.S. Bancorp Investments.
  2. Deposit $250,000 - $499,999 to earn $250; $500,000 - $999,999 to earn $500; 1,000,000+ to earn $1,000.
  3. Maintain balances through December 31, 2024.
  4. 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
  1. Open a new Citi® Self Invest account or add new-to-Citi funds to an existing account.
  2. Opt-in to eDelivery of statements and confirmations.
  3. 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.
  4. Maintain the New-To-Citi funds in your account through the “maintain funds” deadline as outlined in the chart.
  5. Bonus will be credited on the last day of the 3rd month following the “maintain funds” period.

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
  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).

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
  1. Open a new Robinhood investing account using the link below.
  2. Link your bank account.
  3. Stock bonus will be credited to the enrolled account within approximately one week.

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
  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 $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.
  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.

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
  1. Open a new Acorns Invest account using the link below.
  2. Fund account with at least $5.

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
  1. Open a new eligible account using the promo code FIDELITY100.
  2. Within 15 days, deposit $50.
  3. Bonus will be deposited directly to the eligible account within 10 calendar days after the qualification period.

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
  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.
Apply Now

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
  1. Open a new Self-Directed Trading account from Merrill Edge using promo code "600ME".
  2. 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.
  3. Maintain that balance for at least 90 days.
  4. Bonus will be deposited within two weeks following the end of the 90 day period.
Apply Now

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
  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.

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
  1. Parent or guardian opens the Fidelity Youth Account on behalf of their teen.
  2. Teen activates their new account by downloading the app, creating a login, and agreeing to the T&C.
  3. Bonus will be deposited within 3-5 business days.

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
  1. Download the app using the link below.
  2. Refer a friend (or be referred) using your specific referral link for a particular SoFi product.
  3. Follow the program rules highlighted on the website.
  4. 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
  1. Open a new Schwab One account at the url below or open a new taxable investment account using promo code "SCHWABSTARTERKIT".
  2. Within 30 days, Fund your account with a minimum of $50.
  3. 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.
Apply Now

at Charles Schwab

Arkansas Banking Statistics

Curious about how and where people bank in your state?

According to the FDIC, there were 82 banks headquartered in Arizona at the end of 2023. Here’s the breakdown of what markets those banks are located in:

  • Memphis: 45
  • Little Rock/North Little Rock/Conway: 40
  • Fayetteville/Springdale/Rogers: 39
  • Jonesboro: 24
  • Fort Smith: 21

When it comes to credit unions, the Credit Union National Association reports that Arkansas has 366,382 members across 53 credit unions. The report also found that banks account for 96.4% of Arkansas’s deposits, and most deposits are at local in-state banks.

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