If you call the Bay State home, you could be earning hundreds of dollars for opening a new bank account. Some of the most highly-rated banks operating in the state offer bank promotions in Massachusetts to incentivize people to open new checking and savings accounts.
To make things easier for our readers, we’ve evaluated tons of promotions from banks across the nation, evaluating their terms and conditions and providing important offer details.
Take a look at the list below to see our top recommendations for bank bonuses and promotions in Massachusetts to get started.
Our Featured Nationwide Bonuses
Here are 3 of our featured bank bonuses that can be obtained nationwide:
BMO
Personal Checking
- Bonus
- $350 Cash Bonus
- Account Type
- Personal Checking
- Expires In
- 2 days
- Requires
- Direct Deposit
BMO
Relationship Checking
- Bonus
- $500
- Account Type
- Personal Checking
- Expires In
- 2 days
- Requires
- Direct Deposit
Bank of America
Advantage Banking Account
- Bonus
- $750
- Account Type
- Personal Checking
- Expires In
- 23 days
- Requires
- Min Balance
See our list of the Best Banks in Massachusetts
Personal Checking Bonuses in Massachusetts
Here are the current personal checking promotions available in MA:
1. 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
-
- Open a TD Beyond Checking account using the link below.
- Within 60 days, have a total of $2,500 in direct deposits.
- Bonus will be paid on or before 180 days after account opening.
at TD Bank
2. 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
-
- Open a TD Complete Checking account using the link below.
- Within 60 days, have a total of $500 in direct deposits.
- Bonus will be paid on or before 180 days after account opening.
at TD Bank
3. KeyBank Personal Checking - $300 bonus
KeyBank is back with their personal checking bonus, but this time it's even sweeter of a deal! KeyBank is now offering $300 to new Key Smart Checking® account customers after qualifying activities.
You'll need to make the minimum opening deposit of $10, plus one eligible direct deposit of at least $1,000 within the first 60 days of account opening.
While this isn't quite nationwide, the bonus has a wide footprint and is redeemable online. Check it out!
KeyBank : Personal Checking Account
- Bonus Amount
- $300
- Account Type
- Personal Checking
- Availability
- AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, WA
- Offer Expires
- December 13, 2024
- Bonus Requirements
-
- Open a no-monthly-maintenance-fee Key Smart Checking® account online with at least $10 by December 13, 2024.
- Within 60 days, make 1 eligible direct deposit of at least $1,000.
- Bonus will be credited to your account within 60 days of meeting requirements.
- Account must not be closed at the time of gift payment.
at KeyBank
4. Citizens Personal Checking and Savings - up to $700 bonus
If you're eligible for both a new checking and a new savings account welcome bonus from Citizens, opening both accounts at the same time will earn you an additional monies – for a total of up to $700.
The checking requirements are fairly straightforward but to earn the full savings bonus, you'll need to park $15,000 at Citizens for 3 months. That results in an effective rate of 5.5% on your savings, however, which is significantly more than any savings account these days – so if you have the cash, this is a great deal.
Citizens Bank : Personal Checking and Savings
- Bonus Amount
- up to $700
- Account Type
- Personal Checking
- Availability
- CT, DC, DE, FL, MA, MD, MI, NH, NJ, NY, OH, PA, RI, VA, VT
- Offer Expires
- September 7, 2024
- Bonus Requirements
-
- Open a new checking and a new savings account using the link below.
- Within 60 days, make a direct deposit of $500 to the checking account to earn $100.
- For the savings bonus, Within 10 days, deposit a minimum deposit as follows and maintain that balance through 12/31/2024: $5,000.00-$9,999.99, earn $200; $10,000.00-$14,999.99, earn $300; $15,000+, earn $600.
at Citizens
5. Santander Bank Personal Checking - $400 bonus
Available in select states with the ability to open online, Santander Bank is offering a $400 welcome bonus when you open a new eligible Santander checking account and set up direct deposit.
Keep in mind that you'll need to enter your information (name and email address) on the promo's landing page in order to receive your unique code, which you'll then use on the online application to enroll in the promotion.
A heads up to Florida residents that this promotion is limited to certain zips within Miami-Dade, Monroe, and Broward counties.
Santander Bank : Personal Checking
- Bonus Amount
- $400
- Account Type
- Personal Checking
- Availability
- CT, DE, FL, MA, NH, NJ, NY, PA, RI
- Offer Expires
- September 30, 2024
- Bonus Requirements
-
- Open a new eligible Santander checking account using the link below.
- Within 90 days, make direct deposits totaling $5,000 or more.
- Keep your account open for at least 90 days.
- Bonus will be paid within 30 days of the initial 90 day period.
6. HarborOne Bank Personal Checking and Savings - up to $600 bonus
Available to new customers, HarborOne is offering up to a $600 bonus when you open a new personal checking account and savings account in branch. This is a tiered bonus – You'll earn $300 when you open a new personal checking account and setup monthly direct deposits of $2,500 or more and $300 when maintain at least a $10,000 average monthly balance each month in a new HarborOne savings account.
It does require a little bit of capital, but if you have the money, this is an easy bonus to obtain. What's more? They've expanded eligibility this time to residents in MA, NH, and RI instead of just the Boston metro area.
HarborOne Bank : Personal Checking and Savings
- Bonus Amount
- up to $600
- Account Type
- Personal Checking
- Availability
- MA, NH, RI
- Offer Expires
- September 30, 2024
- Bonus Requirements
-
- Be a new customer, or existing customer that hasn't had a deposit account.
- Open any new personal checking account.
- Within 30 days, and for the next 3 consecutive months, receive direct deposits totaling at least $2,500 per month, earn $300.
- To receive an additional $300 bonus, Open any new HarborOne Personal Savings, Money Market or CD account, (with the same tax ID # used when opening checking) with new money to HarborOne.
- Within 30 days, bring the account balance to at least $10,000.
- For 3 consecutive months after the first 30 days, maintain an average monthly balance of $10,000.
- Complete the Checking account bonus, earn $300.
- Bonus will be credited into the new personal checking or savings account no later than 20 days from 5 month anniversary of account opening.
7. 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
- October 31, 2024
- Bonus Requirements
-
- Reside in a state that doesn't have a PNC branch.
- Open an account using the link below.
- Within 60 days, complete direct deposits totaling $2,000.
- Bonus will be deposited within 60-90 days after all conditions are met.
at PNC
8. Dedham Savings Free and Easy Checking - up to $750 bonus
Dedham Savings is offering up to $750 to new personal checking customers! They've added some new tiers for higher bonus amounts depending on your direct deposit amount. If you live in their footprint, we recommend trying them out!
Dedham Savings Bank : Free and Easy Checking
- Bonus Amount
- up to $750
- Account Type
- Personal Checking
- Availability
- MA
- Offer Expires
- December 31, 2024
- Bonus Requirements
-
- Open a new Free & Easy checking account with promo code SELECT.
- Within 90 days, receive direct deposits totaling $2,500 (earn $250), $10,000 (earn $500) or $20,000+ (earn $750).
- Within the same 90 days, pay at least 5 bills using Dedham Savings Online Bill Pay of $100+ OR make 5 debit card purchases of $5+.
- Bonus will be credited to your account within 90 days after requirements are met.
9. NESC Federal Credit Union Personal Checking - $100 bonus
Available in Massachusetts, NESC Federal Credit Union is offering a $100 welcome bonus when you open a new checking account and set up direct deposit.
NESC Federal Credit Union : Personal Checking
- Bonus Amount
- $100
- Account Type
- Personal Checking
- Availability
- MA
- Bonus Requirements
-
- Become a member of NESC Federal Credit Union. Open a checking account.
- Within the first 60 days, make direct deposits totaling at least $200.
- Also within 60 days, make at least 6 debit card transactions.
- Bonus will be paid by the 10th of the following month.
at NESC Federal Credit Union
10. bankHometown Get Real Checking℠ - up to $300 bonus
bankHometown is offering a tiered bonus, up to $300, for opening a new Get Real Checking account.
The breakdown comes from optional activities in the increments of $200, $50 and $50. This is up from $200 when it was most recently offered.
bankHometown : Get Real Checking℠
- Bonus Amount
- up to $300
- Account Type
- Personal Checking
- Availability
- MA
- Bonus Requirements
-
- Open a new Get Real Checking checking account.
- Within 60 days, receive a direct deposit of $25 OR sign up for online banking and make 5 debit card purchases to earn $200.
- Within the same 60 days, make 5 bill payments OR enroll in eStatements to earn an additional $50.
- Leave the account open for a full year to earn an additional $50 loyalty bonus.
- The first 2 bonuses will be credited to your account by the last day of the statement cycle following the 60th day the account has been open; the loyalty bonus will be credited by the last day of the statement cycle following the 365th day the account has been open.
at bankHometown
11. Country Bank Kasasa CashBack Checking - $200 bonus
Available to northeastern states, Country Bank is offering a $200 welcome bonus when you open a new Kasasa CashBack Checking account and set up direct deposit. What's even more? When Kasasa Cash Back qualifications are met during a Monthly Qualification Cycle, you will receive 2% (two percent) cash back on up to a total of $500 on debit card purchases that post and settle to the account during that cycle period. You will also receive reimbursements up to $25 for nationwide ATM withdrawal fees incurred within your Kasasa Cash Back account during the Monthly Qualification Cycle in which you qualified.
Country Bank : Kasasa CashBack Checking
- Bonus Amount
- $200
- Account Type
- Personal Checking
- Availability
- CT, MA, ME, NH, RI, VT
- Bonus Requirements
-
- Open a new Kasasa CashBack Checking account.
- Kasasa Cash Back Checking qualifications for four (4) consecutive months following account opening (at least 1 direct deposit, ACH payment, or bill pay transaction; at least 12 debit card purchases; enroll in estatements
- Account will be credited within 60 days of bonus requirements being met.
at Country Bank
12. Washington Trust Company Freedom Checking - $200 bonus
Available in select New England states, The Washington Trust Company is offering a $200 welcome bonus when you open a new personal checking account and set up direct deposit. The direct deposit threshold isn't specified, which leads us to believe that any amount will do, making this offer extremely obtainable.
Washington Trust Company : Freedom Checking
- Bonus Amount
- $200
- Account Type
- Personal Checking
- Availability
- CT, RI, MA
- Bonus Requirements
-
- Open a new checking account with promo code FREE200.
- Within 90 days, complete 2 direct deposits from payroll, social security, pension, or other government benefits.
- Bonus will be deposited within 10 calendar days.
at Washington Trust Company
13. Holyoke Credit Union Simply FREE Checking - $150 bonus
Holyoke Credit Union is offering a $150 bonus to members who open a new Simply FREE Checking account.
It's not a bad bonus for a totally free account, however, there are a couple of inconveniences with this offer.
First, even though they'll reward the bonus after your first direct deposit clears, you'll need to continue to meet the direct deposit requirement each month for an entire year; otherwise, they will claw the bonus back. Second, you'll need to go into a local branch in order to open the account.
Personally, we think the payout should be higher given the long-term requirements. But if you were looking to make the switch to a local credit union anyway, then the free cash could be worthwhile for you.
Holyoke Credit Union : Simply FREE Checking
- Bonus Amount
- $150
- Account Type
- Personal Checking
- Availability
- MA
- Bonus Requirements
-
- Open a new Simply FREE Checking account in branch.
- Enroll in online banking and eStatements.
- Within 60 days, make 6 debit card purchases.
- Within the same 60 days, receive a direct deposit of any amount.
- Maintain that same recurring direct deposit for a full year.
- Bonus will be credited to your account once your first direct deposit clears.
14. StonehamBank Optimum Checking - $300 bonus
Available in Massachusetts and New Hampshire with the ability to open online, StonehamBank is offering a $300 welcome bonus when you open a new Optimum One or Optimum Plus checking account and set up direct deposit. It's primarily focused on their Billerica Branch; however, they specifically mention you can open online or via video chat as well.
StonehamBank : Optimum Checking
- Bonus Amount
- $300
- Account Type
- Personal Checking
- Availability
- MA, NH
- Bonus Requirements
-
- Open a new Optimum Plus or Optimum One Checking account with a $10 minimum opening deposit.
- Within each of the first 90 days following the date the new account is funded, receive direct deposits totaling $500 or more and be enrolled in online banking.
- $300 bonus will be credited into the account within 120 days from the account opening date.
at StonehamBank
15. HarborOne Bank Personal Checking - up to $300 bonus
HarborOne Bank if giving new customers a chance to earn $300 by opening a new personal checking account. Not a new customer? See the fine print for ways you may still qualify for the bonus.
What's more? You can also earn up to a $600 bonus by for opening a checking and savings account and meeting both sets of requirements. Learn more about that offer here
HarborOne Bank : Personal Checking
- Bonus Amount
- up to $300
- Account Type
- Personal Checking
- Availability
- MA, NH, RI
- Bonus Requirements
-
- Register for the bonus at the link below and Open an personal checking account.
- Within 60 days of account opening, receive direct deposits totaling at least $2,500, earn $300.
- Bonus will post no more than 80 days from account opening.
at HarborOne Bank
16. Webster Bank Private Banking Checking - up to $1000 bonus
Webster National Bank is offering new and existing Private Banking clients up to $1,000 to add new money. If you have less than 500,000 you may be eligible for smaller bonuses (check out similar offers).
This is an easy bonus if you have the cash. One note: you'll need to open the account in a branch. We also couldn't find any information about monthly fees, so be sure to verify that when evaluating the offer.
Webster Bank : Private Banking Checking
- Bonus Amount
- up to $1000
- Account Type
- Personal Checking
- Availability
- NJ, NY, MA, RI, CT
- Bonus Requirements
-
- Open a new or have an existing Private Bank checking account.
- Deposit $500,000+ in new money to establish your bonus tier.
- Within the first 3 statement cycles, you'll earn $500 for each statement cycle that you maintain a minimum daily balance of $500,000 and make a direct deposit of at least $1,000. Max bonus of $1,000.
- The cash bonus payment will be paid on the last day of the evaluated statement cycle.
17. Webster Bank Private Banking Checking - up to $500 bonus
Webster Bank is offering new and existing Private Banking clients up to $500 to add new money. If you have more than 500,000 you may be eligible for a bonus up to $1,000 (check out similar offers).
This is an easy bonus if you have the cash. One note: you'll need to open the account in a branch. We also couldn't find any information about monthly fees, so be sure to verify that when evaluating the offer.
Webster Bank : Private Banking Checking
- Bonus Amount
- up to $500
- Account Type
- Personal Checking
- Availability
- NJ, NY, MA, RI, CT
- Bonus Requirements
-
- Open a new or have an existing Private Bank checking account.
- Deposit $250,000 - $499,999 in new money to establish your bonus tier.
- Within the first 3 statement cycles, you'll earn $250 for each statement cycle that you maintain a minimum daily balance of $250,000 and make a direct deposit of at least $1,000. Max bonus of $500.
- The cash bonus payment will be paid on the last day of the evaluated statement cycle.
18. Webster Bank Private Banking Checking - up to $300 bonus
Webster Bank is offering new and existing Private Banking clients up to $300 to add new money. If you have more than $250,000 you may be eligible for a bonus up to $1,000 (check out similar offers).
This is an easy bonus if you have the cash. One note: you'll need to open the account in a branch. We also couldn't find any information about monthly fees, so be sure to verify that when evaluating the offer.
Webster Bank : Private Banking Checking
- Bonus Amount
- up to $300
- Account Type
- Personal Checking
- Availability
- NJ, NY, MA, RI, CT
- Bonus Requirements
-
- Open a new or have an existing Private Bank checking account.
- Deposit $50,000 - $249,999 in new money to establish your bonus tier.
- Within the first 3 statement cycles, you'll earn $150 for each statement cycle that you maintain a minimum daily balance of $50,000 and make a direct deposit of at least $1,000. Max bonus of $300.
- The cash bonus payment will be paid on the last day of the evaluated statement cycle.
19. St. Anne's Credit Union Digital Free Checking - $300 bonus
For those residing in several New England states, St. Anne's Credit Union is offering a $300 welcome bonus when you open a new Digital Free Checking account and set up direct deposit. That's a pretty sizable haul if you live in their footprint.
St. Anne's Credit Union : Digital Free Checking
- Bonus Amount
- $300
- Account Type
- Personal Checking
- Availability
- MA, RI
- Bonus Requirements
-
- Open a St. Anne’s Digital Free Checking account.
- Within 90 days, make 2 or more payroll, pension, or government direct deposits totaling $2,000.
- Enroll in eStatement and online banking.
- Bonus will be deposited into member’s share account no later than 1 month following the initial 90 days.
at St. Anne's Credit Union
20. IC Federal Credit Union Intelligent Checking - $250 bonus
Available only in Massachusetts with the ability to open online, IC Federal Credit Union is offering a $250 welcome bonus when you open a new checking account and complete qualifying activities. Unlike many other bonuses, their direct deposit requirement can be substituted for a qualifying ACH transaction.
IC Federal Credit Union : Intelligent Checking
- Bonus Amount
- $250
- Account Type
- Personal Checking
- Availability
- MA
- Bonus Requirements
-
- Open a new Intelligent Checking account.
- During each of the first 3 full statement cycles, complete 12 debit card purchases and have at least 1 direct deposit or ACH transaction.
- During the same time period, be enrolled in eStatements.
- Bonus will be credited to your account on or about the 15th of the month following the 3rd full statement cycle of the qualifying criteria period.
at IC Federal Credit Union
21. Abington Bank Green Checking - up to $300 bonus
New customers at Abington Bank are eligible to receive up to a $300 welcome bonus when opening a Green Checking account. This is a tiered bonus, the more activities you complete, the more you can earn. The offer has most recently only been $200, so now might be a good time to jump on it! What's even more? Direct deposit is not required to obtain the full bonus amount.
Abington Bank : Green Checking
- Bonus Amount
- up to $300
- Account Type
- Personal Checking
- Availability
- MA
- Offer Expires
- September 20, 9999
- Bonus Requirements
-
- Open a Green Checking account.
- Within 60 days, complete a direct deposit of at least $25 OR sign up for online banking and make 5 debit card purchases, receive $200.
- Within 60 days, make 5 bill payments OR enroll in eStatements, receive $50.
- Keep your account open for 365 days and receive an additional $50.
- Bonuses will be credited to the account by the last day of the statement cycle following the period required for the bonus.
at Abington Bank
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 Massachusetts
Here are the current personal savings promotions available in MA:
1. TD Bank Personal Savings - $200 bonus
TD Bank is offering a $200 welcome bonus if you open a new savings account by April 30th, 2024. It works out to effectively be an interest rate of about 4%.
What's more, you can maximize this promo by also opening a new personal checking account — stacking an extra $300 or $150 on top of this offer for a total of up to $500.
While this isn't available nationwide, it is open to a healthy list of states, and is no longer targeted to select customers.
TD Bank : Personal Savings Account
- Bonus Amount
- $200
- Account Type
- Personal Savings
- Availability
- CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
- Offer Expires
- September 30, 2024
- Bonus Requirements
-
- Open a TD Savings account using the link below.
- Within 20 days, deposit $20,000 and maintain that balance for 90 days.
- Bonus will be paid on or before 180 days after account opening.
at TD Bank
2. First Citizens Federal Credit Union Youth Savings - up to A stuffed Fin the Pig, activity book and piggy bank bonus
An easy bonus for children under the age of 14 (or their parents!). First Citizens' Federal Credit Union is offering new Youth Savings account holders a free welcome kit, which includes a stuffed 'Fin the Pig' animal, activity book and piggy bank. Then, you can earn a $25 cash bonus when the account reaches $100 balance, and another $25 when the account reaches $1,000.
First Citizens Federal Credit Union : Youth Savings
- Bonus Amount
- up to A stuffed Fin the Pig, activity book and piggy bank
- Account Type
- Student Savings
- Availability
- MA
- Bonus Requirements
-
- Open a new Youth Savings account in-branch.
- When you reach $100 balance, you'll earn a $25 bonus.
- When you reach a $1,000 balance, you'll earn an additional $25.
at First Citizens Federal Credit Union
3. 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 Massachusetts
Here are the current business banking promotions available in MA:
1. Santander Bank Business Checking - up to $500 bonus
Santander Bank is again offering new business checking account customers a bonus for opening a new Business Checking or Business Checking Plus account. Previously this was a tiered bonus with the more you deposited, the more you could earn; however, it's a flat offer this time around.
Like before, the balance requirement is based on an average daily balance. That means you don't necessarily need to deposit $2,500 on day one, but the longer you wait to make a deposit, the higher the deposit needs to be in order to average out. They provide more details in the fine print!
Keep in mind that, like most business accounts, you'll need to go in-branch to open. Be sure to mention the promo BUS500Q124SEA to enroll in the offer.
Santander Bank : Business Checking
- Bonus Amount
- up to $500
- Account Type
- Business Checking
- Availability
- CT, DE, FL, MA, NH, NJ, NY, PA, RI
- Offer Expires
- December 31, 2024
- Bonus Requirements
-
- Open a new Business Checking or Business Checking Plus account using the promo code BUS500Q324GEN.
- For 90 days, maintain an average daily balance of $5,000.
- Keep your account open for at least 90 days.
- Bonus will be paid within 30 days of the meeting the requirements.
at Santander Bank
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. 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®
3. 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
- September 30, 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
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
- 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®
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
- October 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
6. 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
7. 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
8. 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
9. 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
10. 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
11. 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.
12. 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).
13. 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
Massachusetts Banking Statistics
Want to know more about banking in the Bay State? Our editorial team did some research, looking at the latest reporting available from the FDIC and the Credit Union National Association to get more insight into Massachusetts’ banking industry.
Here are some key stats to consider:
- Number of banks: 100
- Number of state credit unions: 133
- Credit union memberships: 3.4 million
- Deposit market share: 92.5% banks; 7.5% credit unions
- Largest deposit market: Boston/Cambridge/Newton
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