Best Bank Promotions in Maryland (May 2024)

It may be one of the smallest states in the nation, but its bank promotions in Maryland pack a big punch. The banks below offer competitive promotions to new checking and savings account holders.

Our team has analyzed hundreds of banks and accounts and scoured the terms and conditions to provide you with the best up-to-date offers.

Read on to see which bank bonuses are our top recommendations for Maryland residents and to learn how to apply.

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
218 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

 

Personal Checking Bonuses in Maryland

Here are the current personal checking promotions available in MD:

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
July 1, 2024
Bonus Requirements
  1. Open a Virtual Wallet® account online to qualify, See link below.
  2. 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.
  3. Bonus will be credited to your account within 60-90 days after meeting requirements.

2. TD Bank Beyond Checking - $300 bonus

TD Bank is offering a $300 welcome bonus for opening a personal checking account and using direct deposit within the first 2 months. What's more, you can maximize this promo by also opening a new personal savings account — stacking an extra $200 on top of this offer for a total of $500.

If the $2,500 in direct deposit is too high, they're also running a smaller offer with only a $500 deposit requirement.

While this isn't available nationwide, it is open to a healthy list of states, and is no longer targeted to select customers.

If you're eligible, we definitely recommend claiming this easy bonus.

Offer is available in these states: CT, DC, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA, VT

TD Bank : Beyond Checking

Bonus Amount
$300
Account Type
Personal Checking
Availability
CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
Offer Expires
January 1, 2025
Bonus Requirements
  1. Open a TD Beyond Checking account using the link below.
  2. Within 60 days, have a total of $2,500 in direct deposits.
  3. Bonus will be paid on or before 180 days after account opening.

3. TD Bank Complete Checking - $200 bonus

TD Bank is offering a $200 welcome bonus for opening a personal checking account and using direct deposit within the first 2 months. What's more, you can maximize this promo by also opening a new personal savings account — stacking an extra $200 on top of this offer for a total of $400.

This is the highest we've seen this offer so now might be a great time to jump on it if you've been on the fence.

This is the smaller of 2 personal checking welcome offers that TD is currently running, with the other requiring a $2,500 direct deposit for a $300 bonus.

While this isn't available nationwide, it is open to a healthy list of states, and is no longer targeted to select customers.

If you're eligible, we definitely recommend claiming this easy bonus. Offer is available in these states: CT, DC, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA, VT

TD Bank : Complete Checking

Bonus Amount
$200
Account Type
Personal Checking
Availability
CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
Offer Expires
January 1, 2025
Bonus Requirements
  1. Open a TD Complete Checking account using the link below.
  2. Within 60 days, have a total of $500 in direct deposits.
  3. Bonus will be paid on or before 180 days after account opening.

4. 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
June 26, 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.

5. APGFCU Personal Checking - $300 bonus

APG FCU is offering new members $300 for opening a new personal checking account. Previously, only new members that joined under their U Educate Member Rewards Program qualified and the bonus was only $250.

From there, just a few additional tasks are required, namely a direct deposit of at least $500, and you're all set.

With a super fast pay out and an incredibly high interest rate on their high yield checking account, this bonus should be on your short list if you live in the qualifying area.

APG Federal Credit Union : Personal Checking

Bonus Amount
$300
Account Type
Personal Checking
Availability
MD
Offer Expires
May 31, 2024
Bonus Requirements
  1. Become a member of APG FCU using the link below.
  2. Open a new High Yield or Member Protect checking account
  3. Enroll in online banking and eStatements.
  4. Within 90 days of opening the checking account, receive direct deposits totaling $500.
  5. Maintain direct deposits through the Qualification period.
  6. Bonus will be credited to your checking account on the 1st business day following the end of the 90-day qualification period.

6. M&T MyChoice Premium - up to $400 bonus

M&T is offering $400 if you open their MyChoice Premium checking account and connect your direct deposit. Don't have a direct deposit? M&T has other bonuses that just require minimum balances.

M&T Bank : MyChoice Premium

Bonus Amount
up to $400
Account Type
Personal Checking
Availability
CT, DC, DE, MD, NJ, NY, PA, VA, WV
Offer Expires
May 31, 2024
Bonus Requirements
  1. Open a new M&T MyChoice Premium Checking account online at the link below or in-branch using promocode "TE"
  2. Within 90 days, make at least $1,000 in qualifying direct deposits.
  3. Bonus will be credited to your account within 90 days of all requirements being met

7. Citizens Personal Checking - up to $400 bonus

Earn up to $400 for opening a new personal checking account at Citizens Bank – a solid bonus given the low requirements. You'll earn $300 for opening the checking account plus an opportunity to earn another $100 through debit spend.

If you're also eligible to be a new savings account owner and have $15,000 to park for 3 months, Citizens is running a separate promo that results in a total of $700 for opening both accounts.

Otherwise, stick with this promo, since you'll earn $300 for opening the checking account plus an opportunity to earn another $100 through debit spend.

Citizens Bank : Personal Checking Account

Bonus Amount
up to $400
Account Type
Personal Checking
Availability
CT, DC, DE, FL, MA, MD, MI, NH, NJ, NY, OH, PA, RI, VA, VT
Offer Expires
June 6, 2024
Bonus Requirements
  1. Open a new checking account using the link below.
  2. Within 60 days, make a direct deposit of $500 to earn $300.
  3. Within the same 60 days, earn $2 for every debit card purchase you make, up to $100.
  4. Bonus will be deposited to your new checking account within 4 months of account opening.

8. M&T Personal Checking - $200 bonus

M&T is offering $200 if you open one of their personal checking accounts and make a small direct deposit within 90 days.

If you're not able to meet the requirements to waive the maintenance fees, you can alternatively opt for their basic checking account.

Regardless, be sure to enter your zipcode on the linked offer page, which will auto apply the appropriate promo code if you're within a targeted zipcode. Many readers have tried to apply the promo to an outside zip, and while the system allows you to move forward, you'll be "surprised" with no bonus payout when that time comes.

M&T Bank : Personal Checking Account

Bonus Amount
$200
Account Type
Personal Checking
Availability
CT, DC, DE, MD, NJ, NY, PA, VA, WV
Offer Expires
June 30, 2024
Bonus Requirements
  1. Open a new M&T checking account using the link below.
  2. Within 90 days, make at least $500 in direct deposits.
  3. The bonus will be credited to your account within 90 days of all requirements being met.

9. Firstrust Savings Bank Eagles Firstpay℠ - 35,000 bonus points

Firsttrust Bank is offering new Eagles FirstPay℠ Checking customers 35,000 bonus reward points. The points can be redeemed for $550 in gift cards, merch, or travel. You just need to open a new account, then use your debit card to make purchases totaling $350. Not bad!

This is similar to their previous offer, which was a combo of cash + points offer.

Firstrust Savings Bank : Eagles Firstpay℠

Bonus Amount
35,000 Points
Account Type
Personal Checking
Availability
DE, MD, NJ, PA
Offer Expires
December 31, 2024
Bonus Requirements
  1. Open a new Eagles Firstpay checking account using the link below.
  2. Within 60 days, make debit card purchases totaling $350.
  3. Bonus will be credited within 30 days in the form of 35,000 points, which can be redeemed for a gift card, merchandise or travel.
Apply Now

at Firstrust Savings Bank

10. Firstrust Savings Bank Eagles Firstpay℠ Premier - 50,000 bonus points

Firsttrust Bank is offering new Eagles FirstPay℠ Premier checking customers 50,000 bonus reward points. These can be redeemed for $500 in gift cards, merch, or travel. You just need to open a new account, then use your debit card to make purchases totaling $500. Not bad!

This is up from their previous offer, which had similar requirements but only offered 20,000 points in return.

Firstrust Savings Bank : Eagles Firstpay℠ Premier

Bonus Amount
50,000 Points
Account Type
Personal Checking
Availability
DE, MD, NJ, PA
Offer Expires
December 31, 2024
Bonus Requirements
  1. Open a new Eagles FirstPay℠ Premier checking account using the link below.
  2. Within 60 days, make debit card purchases totaling $500.
  3. Bonus will be credited within 30 days in the form of 50,000 points, which can be redeemed for a gift card, merchandise or travel.
Apply Now

at Firstrust Savings Bank

11. Peoples Bank Premier Checking - up to $300 bonus

Peoples Bank is offering up to $300 for opening a new Premier Checking account. The bonus comes as $50 each month that you make at least one direct deposit and five debit card purchases, up to $300 total (6 statement cycles).

Peoples Bank : Premier Checking

Bonus Amount
up to $300
Account Type
Personal Checking
Availability
DC, KY, MD, OH, WV, VA
Bonus Requirements
  1. Open a new Premier Checking Account.
  2. Enroll in eStatements.
  3. Each statement cycle, make at least one direct deposit transaction.
  4. Each statement cycle, make 5 or more debit card purchases.
  5. For each statement cycle you complete these requirements you will earn $50, up to $300 total (6 statement cycles).
Apply Now

at Peoples Bank

12. Peoples Bank Personal Interest Checking - up to $150 bonus

Peoples Bank is offering up to $150 for opening a new Interest Plus Checking account. The bonus comes as $25 each month that you make at least one direct deposit and five debit card purchases, up to $150 total (6 statement cycles).

Peoples Bank : Personal Interest Checking

Bonus Amount
up to $150
Account Type
Personal Checking
Availability
DC, KY, MD, OH, WV, VA
Bonus Requirements
  1. Open a new Interest Plus Checking Account.
  2. Enroll in eStatements.
  3. Each statement cycle, make at least one direct deposit transaction.
  4. Each statement cycle, make 5 or more debit card purchases.
  5. For each statement cycle you complete these requirements you will earn $25, up to $150 total (6 statement cycles).
Apply Now

at Peoples Bank

13. Lafayette Federal Credit Union Personal Checking and Savings - up to $100 bonus

Available in the greater District of Columbia area with the ability to open online, Lafayette Federal Credit Union is offering new members up to a $100 welcome bonus for opening a new savings and checking account and setting up direct deposit.

Live outside of DC Metro area? Obtain a lifetime membership to the Home Ownership Financial Literacy Council (HOFLC) for $10 and receive eligibility to LFCU.

Lafayette Federal Credit Union : Personal Checking and Savings

Bonus Amount
up to $100
Account Type
Personal Checking
Availability
Nationwide
Bonus Requirements
  1. Become a member of Lafayette Federal Credit Union.
  2. Open a new savings and checking account.
  3. Initiate a direct deposit, receive $50.
  4. Within 45 days, complete a recurring direct deposit, receive an additional $50.
Apply Now

at Lafayette Federal Credit Union

14. ACNB Bank Personal Checking - $25 bonus

Available in Maryland and Pennsylvania with the ability to open online, ACNB Bank is offering a $25 bonus when you refer a friend to open a new personal checking account. What's more? Your friend will also earn $25. You can refer up to 4 friends or family members to earn a total of up to $100.

ACNB Bank : Personal Checking

Bonus Amount
$25
Account Type
Personal Checking
Availability
MD, PA
Bonus Requirements
  1. Be an existing customer of ACNB Bank.
  2. Invite your friends to open an account online, at www.acnb.com/checking, using the code 'REFER25' in the promo box.
  3. They may be asked to provide your name and phone number.

15. Point Breeze Credit Union Personal Checking - up to $275 bonus

Point Breeze Credit Union, based in Maryland, is offering up to $275 in bonuses when you open a new personal checking account. This is a tiered bonus, meaning the more items you complete, the more money you're eligible. For example, earn a cool $25 just for enrolling in eStatements!

Point Breeze Credit Union : Personal Checking

Bonus Amount
up to $275
Account Type
Personal Checking
Availability
MD
Bonus Requirements
  1. Become a member of Point Breeze Credit Union.
  2. Open a checking account, earn $50.
  3. Within 45 days, make a direct deposit of at least $400 , earn $100.
  4. Within 45 days, swipe your debit card 12 times, earn $100.
  5. Within 45 days, enroll in eStatements, earn $25.
  6. Bonus(es) will be deposited to your account within 60 days of account opening.
Apply Now

at Point Breeze Credit Union

16. Premier America Credit Union Smart Spending - $25 bonus

Available in California and Texas with the ability to open online, Premier America Credit Union is offering a $25 "Head Start" welcome bonus when you open a new Smart Spending account and set up direct deposit. We most recently saw PACU offer up $100 for the same requirements. May be worth holding out for a little while in case the old offer comes back.

Premier America Credit Union : Smart Spending

Bonus Amount
$25
Account Type
Personal Checking
Availability
CA, TX, AZ, NM, CO, PA, FL, OH, WV, DE, NJ, SC, NC, GA, KY, IN, MI, IL, MD, DC, WV, WI
Bonus Requirements
  1. Become a member of Premier America Credit Union and automatically setup a Smart Spending account.
  2. Within 45 days, make a recurring direct deposit into this account of at least $200.
Apply Now

at Premier America Credit Union

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 Maryland

Here are the current personal savings promotions available in MD:

Sorry, no offers found that match your criteria.

Business Bonuses in Maryland

Here are the current business banking promotions available in MD:

1. Truist Business Checking - $400 bonus

Truist Bank is offering small business owners one of the easiest business checking account bonuses we've seen to date: $400 for depositing $1,500 into your new account. (Well, you'll also have to enroll and sign-in to online banking, but we don't really consider that as much of a hurdle...). This is up from $300 when it was most recently offered.

The Truist Simple Business Checking account has no monthly fee and comes with 50 free transactions each month – in other words, it's perfect for a small business just starting out. If your company has surpassed these thresholds, Truist offers their Dynamic Business Checking account. That one comes with higher limits, but does have a small (and avoidable) maintenance fee.

Keep in mind that you'll have 30 days to complete both requirements, and that your new account will need to remain open for 6 months in order to avoid forfeiting the bonus.

Truist Bank : Business Checking

Bonus Amount
$400
Account Type
Business Checking
Availability
AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV, DC
Offer Expires
June 27, 2024
Bonus Requirements
  1. Open a new Truist business checking account using the promo code SB24Q2BIZAFL.
  2. Within 30 days, deposit $1,500.
  3. During the same 30 days, enroll in online banking and log-in.
  4. Bonus will be credited to your new account within 4 weeks of meeting requirements.

2. M&T Tailored Business Checking - up to $1500 bonus

M&T is offering up to $1,500 to new Tailored Business Checking customers. This is a tiered bonus with the highest potential we've seen! You'll need to deposit a minimum of $5,000 for the first tier and maintain that average balance in the third full calendar month after the account was opened.

If you're also in the market for a Merchant Services account, you can combine this offer with their Merchant Services bonus, for a total reward of $1000.

M&T Bank : M&T Tailored Business Checking

Bonus Amount
up to $1500
Account Type
Business Checking
Availability
CT, DE, MD, NJ, NY, PA, VA, WV, DC
Offer Expires
June 28, 2024
Bonus Requirements
  1. Open a Tailored Business Checking account using the link below using promo code BD.
  2. For the third full calendar month following account opening, maintain an average balance of $5,000 to earn $300; $15,000 to earn $500; or $100,000+ to earn $1,500.
  3. Bonus will be awarded by the end of the fourth month after the account was opened.

3. Citi® Business Checking - up to $2000 bonus

CitiBusiness if offering up to $2,000 when you open a new business checking account in-branch and make a minimum deposit within 30 days.

This is a tiered offer, where the more you deposit the more you earn (starting at a $300 bonus for $5,000, up to the full $2,000 for depositing a cumulative $200,000).

If you have the cash and live close to a physical branch, this is a solid welcome bonus. The lowest tier represents a 12% effective rate on your savings – not bad!

Branches currently located in the following metropolitan areas: Los Angeles (CA), Orange County (CA), Riverside (CA), San Diego (CA), San Francisco (CA), Miami (FL), Chicago (IL), Baltimore (MD), Las Vegas (NV), New York City (NY), and Washington, DC.

Citi® : Business Checking Account

Bonus Amount
up to $2000
Account Type
Business Checking
Availability
CA, FL, IL, MD, NV, NY, DC
Offer Expires
July 8, 2024
Bonus Requirements
  1. Open a new Citibank business checking account in-branch and ask to be enrolled in this offer.
  2. Within 30 days, deposit $5,000 to earn $300, $20,000 to earn $750, $100,000 to earn $1,500, or $200,000 to earn $2,000.
  3. Maintain that balance for 60 days.
  4. The bonus will be credited to your business checking account within 90 days from the end of the month in which you complete the requirements.

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
July 19, 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 $4000 bonus

Payouts have increased again! E*Trade is now offering new investors up to $4,000 in bonus cash when you open and fund a new investing account. You'll only need $50 to earn the first tier bonus ($100)!

They've shuffled all the previous tiers and reinstated the tiers for those with 7+ figures to invest. If you're wanting to earn the full $4,000, you need at least $1.5M in investable assets.

This offer is available to both new and existing customers; however, different rules may apply, so be sure to check the disclosures at the link below.

E*TRADE Bank : Brokerage Account

Bonus Amount
up to $4000
Account Type
Investment
Availability
Nationwide
Offer Expires
May 31, 2024
Bonus Requirements
  1. Open a new eligible E*TRADE brokerage or retirement account using the link below with promocode PROMO24.
  2. During the first 60 days, fund your new account with new money as follows: $50 - $999, earn $100; $1,000 - $49,999, earn $150; $50,000-$99,999 earn $200; $100,000-$199,999 earn $300; $200,000-$499,999 earn $600; $500,000 - $999,999, earn $1,000; $1,000,000 - $1,499,999, earn $2,000; $1,500,000+ earn $4,000.
  3. If you deposit $200,000 or more, you will receive a cash credit within seven business days.
  4. If you have deposited at least $200,000 in your account, and you make subsequent deposits in that account to reach a higher tier, you will receive a second cash credit following the close of the 60-day window.
Apply Now

at E*TRADE Bank

3. 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 in the table below:

Month opened/new funds addedFunding periodMaintain Funds Through
March 2024through 04/30/2024 05/31/2024
April 2024through 05/31/2024 06/30/2024
May 2024through 06/30/2024 07/31/2024
June 2024through 07/31/2024 08/31/2024

Citi® : Citi® Self Invest

Bonus Amount
up to $500
Account Type
Investment
Availability
Nationwide
Offer Expires
June 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.

4. 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
June 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).

5. 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

6. M1 Invest - up to $500 bonus

Available nationwide with the ability to open online, and back for 2024, M1 Finance is offering up to a $500 welcome bonus when you open a new investment account and make an initial deposit. This is a tiered bonus, the more you deposit, the more you can earn.

M1 Finance : M1 Invest

Bonus Amount
up to $500
Account Type
Investment
Availability
Nationwide
Offer Expires
December 31, 2024
Bonus Requirements
  1. Open a new M1 Invest account.
  2. Within 14 days, make cumulative initial deposits totaling at least $10,000.
  3. Maintain that balance for six months to earn your bonus, as follows: $10,000-$29,999 earn $75; $30,000-$49,999 earn $150; $50,000-$99,999 earn $250; $100,000+ earn $500.
  4. Bonus will payout on the last day of the sixth month after the New User Sign-up Date

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

Maryland Banking Statistics

Wonder what the banking industry looks like in Maryland? We explored the latest state reports from the FDIC and the Credit Union National Association to see how people bank in Maryland.

Take a look at some of the stats below for more insight:

  • Number of banks: 34
  • Number of state credit unions: 67
  • Credit union memberships: 2.1 million
  • Deposit market share: 86.3% banks; 13.7% credit unions
  • Largest deposit market: Philadelphia/Camden/Wilmington, PA-NJ-DE-MD

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