Michigan is one of the largest states based on population and area. That’s good news for residents looking to score bank bonuses. If you live in the Great Lakes State, there’s no shortage of bank promotions you can score.
We’ve done the legwork for you, compiling all the best bank bonuses and promotions in Michigan. You can use the list and our tools below to see all the offers you’re eligible for in one place.
Our Featured Nationwide Bonuses
Here are 3 of our featured bank bonuses that can be obtained nationwide:
BMO
Smart Advantage Checking Account
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 47 days
- Requires
- Direct Deposit
SoFi
SoFi Checking and Savings
- Bonus
- up to $300
- Account Type
- Personal Checking
- Expires In
- 13 days
- Requires
- Direct Deposit
Upgrade
Rewards Checking Plus
- Bonus
- $200
- Account Type
- Personal Checking
- Expires In
- Limited Time
- Requires
- Card Spend
See our list of the Best Banks in Michigan
Personal Checking Bonuses in Michigan
Here are the current personal checking promotions available in MI:
1. KeyBank Key Smart Checking® - $300 bonus
KeyBank is back with their personal checking bonus and is 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 : Key Smart Checking®
- 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
- May 16, 2025
- Bonus Requirements
-
- Open a no-monthly-maintenance-fee Key Smart Checking® account online with at least $10 by May 16, 2025.
- Within 60 days, make 1 single 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
2. OUR Credit Union Premium Checking - $300 bonus
This is an easy $300 bonus on a fee-free account that also happens to earn a pretty competitive rate on your balance (5.43% on the first $3k at the time of writing). This is THREE TIMES what the bonus previously has been, so now is a great time to jump on it!
The offer is technically a match of the amount you initially funded the account with, so to earn the full $300, you need to open the account with at least $300.
OUR Credit Union : Premium Checking
- Bonus Amount
- $300
- Account Type
- Personal Checking
- Availability
- MI
- Offer Expires
- December 31, 2024
- Bonus Requirements
-
- Open a new Premium Checking account using the link below and with $100 opening deposit.
- Enroll in eStatements.
- Within 60 days, complete direct deposits totaling $500 and complete at least 1 debit card transaction per month.
- Bonus will be credited to your account approximately 60 days from opening date.
at OUR Credit Union
3. Flagstar Bank Personal Checking - up to $350 bonus
Available in a decent number of states across the U.S., Flagstar Bank is offering up to a $350 welcome bonus when you open a new personal checking account and set up direct deposit. The total amount you can earn depends on which account you open: Ready Checking is eligible for up to $250 or Elite Checking for the full $350.
Flagstar Bank : Personal Checking
- Bonus Amount
- up to $350
- Account Type
- Personal Checking
- Availability
- AZ, CA, FL, IN, MI, NJ, NY, OH
- Offer Expires
- December 31, 2024
- Bonus Requirements
-
- Open a Ready Checking or Elite Checking account with $50 or more.
- For the first 90 days, maintain an average daily balance of $500 or more.
- Within the same 90 days, set up one or more direct deposits totaling $500 or more.
- Bonus will be deposited into your account 91-104 days after an initial deposit is made to the new account.
at Flagstar Bank
4. OUR Credit Union Premium Checking - up to $100 bonus
This is an easy $100 bonus on a fee-free account that also happens to earn a pretty competitive rate on your balance (5.43% on the first $3k at the time of writing).
The offer is technically a match of the amount you initially funded the account with, so to earn the full $100, you need to open the account with at least $100.
OUR Credit Union : Premium Checking
- Bonus Amount
- up to $100
- Account Type
- Personal Checking
- Availability
- MI
- Offer Expires
- December 31, 2024
- Bonus Requirements
-
- Open a new Premium Checking account using the link below and with $100 opening deposit.
- Enroll in eStatements.
- Within 60 days, complete direct deposits totaling $500 and complete at least 1 debit card transaction per month.
- Bonus will be credited to your account approximately 60 days from opening date.
at OUR Credit Union
5. Independent Bank ONE - up to $200 bonus
Independent Bank is offering up to $200 to customers who open a new ONE Account and connect their direct deposits. This is back to being a tiered bonus, allowing you to earn by optionally completing multiple actions
Tip: Independent Bank also offers $50 for every friend you refer to the bank, up to $500. So you can potentially earn $600!
Independent Bank : ONE Account
- Bonus Amount
- up to $200
- Account Type
- Personal Checking
- Availability
- MI
- Offer Expires
- December 31, 2024
- Bonus Requirements
-
- Become a new customer at Independent Bank and open a new ONE account online or in-branch.
- Within 90 calendar days of account opening, setup and receive at least 4 recurring direct deposits, earn $100.
- During the same 90 days, use your debit card at least 15 times each month, earn $100.
- Bonus is paid out within 60 calendar days of qualification.
at Independent Bank
6. Associated Bank Associated Checking - up to $600 bonus
Associated Bank is back with their personal checking bonus but this time offering a much higher payout. The requirements remain the same: direct deposits totaling $500 plus maintaining a minimum balance.
The offer is tiered so that the more you maintain, the more you earn, with $10,000 earning the full $600. Fortunately, all accounts titled to the primary account holder count toward this balance, including CDs, savings, MMA, and IRAs – so you don't even have to tie up your funds in a checking account to qualify.
Associated Bank : Associated Checking Account
- Bonus Amount
- up to $600
- Account Type
- Personal Checking
- Availability
- IA, IL, IN, KS, MI, MN, MO, OH, WI
- Offer Expires
- December 31, 2024
- Bonus Requirements
-
- Open a new personal checking account using the link below.
- Within 90 days, receive direct deposits totaling $500.
- Within 30 days of opening the account, deposit $1,000 to earn $300, $5,000 to earn $400, or $10,000 to earn $600.
- Maintain the balance from days 31-90.
- Bonus will be credited to your account within 120 days of opening the account.
at Associated Bank
7. Premier Bank Simple Checking - $200 bonus
Premier Bank is offering new Simple Checking customers a sign-up bonus worth $200. Previously, this bonus was more a la carte with several smaller bonuses you could earn; however, now you must now complete all actions to receive the reward. They've also doubled the number of debit card purchases required.
Premier Bank : Simple Checking
- Bonus Amount
- $200
- Account Type
- Personal Checking
- Availability
- IN, MI, OH, PA
- Offer Expires
- December 31, 2024
- Bonus Requirements
-
- Open a new personal checking account using the link below.
- Within 60 days, make 20 purchases using your debit card and complete a Direct Deposits totaling at least $1000.
- Bonuses will be credited to your new checking account 120 days after account opening.
at Premier Bank
8. 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
- January 2, 2025
- Bonus Requirements
-
- Open a Virtual Wallet® account online to qualify, See link below.
- Within 60 days, complete the direct deposit requirements for the account package that you opened: Virtual Wallet® - $500+ to earn $100 bonus, Virtual Wallet® with Performance Spend - $2,000+ to earn $200 bonus, or Virtual Wallet® with Performance Select - $5,000+ to earn $400 bonus.
- Bonus will be credited to your account within 60-90 days after meeting requirements.
9. Old National Bank Personal Checking - up to $450 bonus
Available to residents in Indiana, Kentucky, Minnesota and Michigan, Old National Bank is offering a $450 welcome bonus when you open a new Everyday or Preferred Checking account and set up direct deposit. The total direct deposit requirement amount to earn the highest bonus is a little steep at $10,000; however, if you can swing it, it's a solid deal. Have a lower direct deposit? You can complete 2 direct deposits of $2,000 instead.
Old National Bank : Personal Checking
- Bonus Amount
- up to $450
- Account Type
- Personal Checking
- Availability
- IN, KY, MN, MI
- Offer Expires
- January 31, 2025
- Bonus Requirements
-
- Open an ONB Preferred Checking or ONB Everyday Checking account with a minimum deposit of $50.
- Enroll and log into online or mobile banking.
- Within 90 days, complete at least 2 qualifying ACH direct deposits totaling $3,000 to earn $200 or totaling $10,000 to earn $450.
- Keep the account open a minimum of 120 days.
- Bonus will be credited to your new account within approximately 120 days from account opening.
at Old National Bank
10. Huntington Asterisk-Free Checking® - $200 bonus
Huntington is offering a welcome bonus to those opening new personal checking accounts. This one offers $200 for a $1,000 deposit into their fee-free account. They're also running $400 and $600 offers for $500 and $25,000 deposits, respectively.
Huntington National Bank : Asterisk-Free Checking®
- Bonus Amount
- $200
- Account Type
- Personal Checking
- Availability
- OH, MI, IN, PA, KY, WV, IL
- Offer Expires
- February 7, 2025
- Bonus Requirements
-
- Open a new Asterisk-Free Checking account using the link below.
- Within 60 days, make deposits totaling $500.
- Keep your account open for 90 days.
- Bonus will be deposited to your new account within 14 days of meeting the requirements.
at Huntington
11. Huntington Platinum Perks Checking - $600 bonus
Huntington is offering a couple of welcome bonuses to customers opening new personal checking accounts. This promotion offers $600 for a $25,000 deposit into their premium Platinum Perks Checking account.
They're also running a similar deal for new Perks Checking accountholders, which is their middle-tier personal checking product. That one offers $400 for a direct deposit, in case you don't have the cash to meet this promotion's terms.
Huntington National Bank : Platinum Perks Checking
- Bonus Amount
- $600
- Account Type
- Personal Checking
- Availability
- CO, IL, IN, KY, OH, MI, MN, PA, WI, WV
- Offer Expires
- February 7, 2025
- Bonus Requirements
-
- Open a new Huntington Platinum Perks Checking account using the link below.
- Within 90 days, make deposits totaling $25,000.
- Keep your account open for 90 days.
- Bonus will be deposited to your new account within 14 days of meeting the requirements.
at Huntington
12. Huntington Perks Checking - $400 bonus
Huntington is offering a welcome bonus to those opening new personal checking accounts. This one offers $400 for any deposit into their Perks Checking account. Previously they required at least $1,000 to qualify.
This account comes with a monthly fee unless you meet the requirements to waive it. You'll also want to note that while there is no minimum opening deposit for the account itself.
Huntington National Bank : Perks Checking
- Bonus Amount
- $400
- Account Type
- Personal Checking
- Availability
- CO, IL, IN, KY, OH, MI, MN, PA, WI, WV
- Offer Expires
- February 7, 2025
- Bonus Requirements
-
- Open a new Huntington Perks Checking account using the link below.
- Within 90 days, make a qualifying direct deposit.
- Keep your account open for 90 days.
- Bonus will be deposited to your new account within 14 days of meeting the requirements.
at Huntington
13. Advia Credit Union Personal Checking - $200 bonus
Advia Credit Union is offering up to a $200 bonus for you and a friend when you refer someone new to join the credit union. They'll need to complete a series of steps to earn the max amount. First, earn $50 when they open a personal checking account and meet the requirements for Advantage Plus Rewards (20+ debit/credit purchases, $400 in monthly deposits); Earn an additional $50 if they have a combined deposit amount of $10,000+; Finally, earn $100 when they open personal loan(s) totaling $5,000 or more.
It's important to note that even though their field of membership includes Wisconsin, this bonus offer is not available to folks living there.
Advia Credit Union : Personal Checking
- Bonus Amount
- $200
- Account Type
- Personal Checking
- Availability
- MI, IL
- Bonus Requirements
-
- Be an existing member of ACU.
- Register online and refer a friend at the url below.
- Within 90 days, ensure they open a new personal checking account and reach qualifications for Advantage Plus Rewards (20+ debit/credit purchases, $400 in monthly deposits) – earn $50.
- Within the same 90 days, ensure the new member accrues new aggregate deposits held of $10,000 or more – earn $50.
- Within the same 90 days, if the new member opens up one or more personal loans totaling $5,000 or more you'll both earn $100.
- Referral bonus payout(s) will be paid in one sum via deposit into the Primary Savings of both referring (current) and qualifying new (referred) member who meet stated criteria no more than forty-five (45 days) following first three (3) months of membership.
at Advia Credit Union
14. 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
-
- Become a member of Premier America Credit Union and automatically setup a Smart Spending account.
- Within 45 days, make a recurring direct deposit into this account of at least $200.
at Premier America Credit Union
15. Independent Bank ONE - $50 bonus
Independent Bank, with a footprint in Michigan, is offering a $50 referral bonus for both you and your friend. All they need to do is open a new personal checking account and either use their debit card or make a small direct deposit. Once complete, you'll both receive the bonus in the form of a gift card.
Independent Bank : ONE Account
- Bonus Amount
- $50
- Account Type
- Personal Checking
- Availability
- MI
- Bonus Requirements
-
- Refer a friend to open a new Independent Bank personal checking account using your referral link.
- Ensure your friend completes the following activities within 60 calendar days of account opening: 10 debit card purchases OR makes at least $100 in direct deposits.
- Bonus gift card will arrive within 4-6 weeks after completion of all requirements.
at Independent Bank
16. Advia Credit Union Personal Checking - $250 bonus
Available to residents in select counties of Michigan, Illinois, and Wisconsin, Advia Credit Union is offering a $250 welcome bonus when you open a new personal checking account and reach Advantage Plus status. What's even more? You can stack this offer with their other promotions if you have a Mortgage or Auto, RV, HELOC, or Personal Loan to earn a total of up to $1,000.
Advia Credit Union : Personal Checking
- Bonus Amount
- $250
- Account Type
- Personal Checking
- Availability
- IL, MI, WI
- Bonus Requirements
-
- Open a new member account and checking account with promo code NM1000.
- Meet the requirements for Advantage Plus Rewards (20+ debit/credit purchases, $400 in monthly e-deposits).
- Bonus paid within 45 days following month-end reporting showing qualifications have been met.
at Advia Credit Union
17. Community Choice Credit Union Personal Checking - up to $100 bonus
If you live, work or worship in Michigan, Community Choice Credit Union is offering up to a $100 welcome bonus for joining and opening a new personal checking account.
This is a two-part offer. First, you'll earn $50 for joining and opening either a Basic or Choice checking account. Next, you can earn an additional $50 just by having chosen the Choice Checking account, or by receiving direct deposits into a Basic Checking account.
Keep in mind that although the Choice Checking account doesn't require direct deposits to earn the full $100 bonus, it does come with a small monthly fee that can only be offset via their GetBigReward$ program. Considering the small offer, you'll definitely want to factor that in when choosing between the two accounts.
Community Choice Credit Union : Personal Checking
- Bonus Amount
- up to $100
- Account Type
- Personal Checking
- Availability
- MI
- Bonus Requirements
-
- Join the credit union using the promo code NewMover50 and open a checking account to earn $50.
- Within 60 days, have either an active Choice Checking account or have direct deposits into a Basic Checking account that cumulatively total $300 every 35 days to earn an additional $50.
- New member bonus will be credited to your checking account 30 days after joining. The additional $50 bonus will be deposited 60 days after joining.
at Community Choice Credit Union
18. CIBC Personal Checking - $200 bonus
CIBC is offering a $200 welcome bonus when you open a new personal checking account and complete an ACH deposit. This is the first time we've seen an offer from CIBC U.S. so now might be a good time to jump on it if you're near a branch.
CIBC Bank USA : Personal Checking
- Bonus Amount
- $200
- Account Type
- Personal Checking
- Availability
- IL, MI, WI, MO
- Bonus Requirements
-
- Go into a branch and open an iCan or MyChoice checking account with at least $500.
- Within 90 days of opening the account, make 1 direct deposit or ACH transaction to the account.
- During this same 90 day period, elect to receive eStatements through CIBC NetBanking.
- Bonus will be credited to the account within 100 days after account opening.
at CIBC
19. Everwise Credit Union Personal Checking - $200 bonus
If you live or work in Indiana or Michigan, Everwise Credit Union (formerly known as Teachers Credit Union) is offering a $200 bonus for opening a new personal checking account.
They've dropped the debit card requirements and you'll only need to set up a direct deposit, so this should be easy for anyone to meet.
This promotion applies to their Performance, Ultimate, Advantage, and World checking accounts, but we recommend their Performance account since it becomes fee-free just by enrolling in eStatements.
Everwise Credit Union : Personal Checking
- Bonus Amount
- $200
- Account Type
- Personal Checking
- Availability
- IN, MI
- Bonus Requirements
-
- Open a new personal checking account using the promo code JOIN200.
- Within a 60 days, receive direct deposits totaling $500.
- Continue direct deposits for at least 3 consecutive months.
- Bonus will be credited to your new account at the close of the first full statement cycle after meeting requirements.
at Everwise Credit Union
20. Honor Credit Union Personal Checking - $250 bonus
Honor Credit Union is offering new members $250 for opening one of their free checking accounts. The requirements are fairly easy to meet assuming you live within their Michigan footprint, but keep in mind that the account triggers a hard credit pull.
Otherwise, this is a solid bonus. They've offered $100 in the past with nearly identical requirements – this offer adds the debit card transactions, but also more than doubles the bonus amount in return.
Honor Credit Union : Personal Checking
- Bonus Amount
- $250
- Account Type
- Personal Checking
- Availability
- MI
- Bonus Requirements
-
- Join Honor Credit Union and open a new checking account using the link below.
- Within 60 days, receive direct deposits totaling $100.
- Within the same 60 days, make 6 debit card purchases.
- Bonus will be paid within 30 days of meeting requirements.
at Honor Credit Union
21. AAC Credit Union Personal Checking - $200 bonus
AAC Credit Union is offering a $200 welcome bonus to new members that open a checking account. They have 4 different account, depending on your needs that include: free checking, interest checking and rewards checking.
AAC Credit Union : Personal Checking
- Bonus Amount
- $200
- Account Type
- Personal Checking
- Availability
- MI
- Bonus Requirements
-
- Become a new member of AAC Credit Union and open a new personal checking account.
- Within the first 30 days, activate your debit card and make at least one debit card transaction.
- Within the same timeframe, go paperless and start receiving a direct deposit of at least $500.
- Bonus will be deposited to your savings account within 60 days of completing account requirements.
at AAC Credit Union
22. Financial Plus Credit Union Personal Checking - up to $300 bonus
Available in Michigan, Financial Plus Credit Union is offering up to a $300 welcome bonus when you open a new personal checking account and set up direct deposit. This is a tiered bonus, the more you direct deposit, the more you can earn.
Financial Plus Credit Union : Personal Checking
- Bonus Amount
- up to $300
- Account Type
- Personal Checking
- Availability
- MI
- Bonus Requirements
-
- Open a new checking account with promocode WINTER24.
- For 2 consecutive months, complete direct deposits totaling $500 to receive a $150 bonus or $1,000 to receive a $300 bonus.
- Bonus will be deposited within 30 days of meeting direct deposit requirement.
at Financial Plus Credit Union
23. People Driven Credit Union PDCU Checking - $200 bonus
Available in Michigan, People Driven Credit Union is offering a $200 welcome bonus when you open a new personal checking account and set up direct deposit. It's a really easy bonus to earn and we think you'll find their checking account to have a lot of really cool features normally not found with institutions of this size.
People Driven Credit Union : PDCU Checking
- Bonus Amount
- $200
- Account Type
- Personal Checking
- Availability
- MI
- Bonus Requirements
-
- Become a member of PDCU and open a new checking account.
- Within 30 days, establish a direct deposit.
- Bonus will be deposited to your account within 120 days of completing the requirements.
- Keep the account open at least 6 months or risk bonus being clawed back.
at People Driven 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 Michigan
Here are the current personal savings promotions available in MI:
Sorry, no offers found that match your criteria.
Business Bonuses in Michigan
Here are the current business banking promotions available in MI:
1. Associated Bank Business Checking - up to $750 bonus
Available in quite a few midwestern states, Associated Bank is offering up to a $750 welcome bonus when you open a new business checking account and deposit new money. The business account you open will determine what the max bonus amount you'll be eligible for.
What's even more? You can stack this offer with their personal checking account bonuses to earn a lot more!
Associated Bank : Business Checking
- Bonus Amount
- up to $750
- Account Type
- Business Checking
- Availability
- IA, IL, IN, KS, MI, MN, MO, OH, WI
- Offer Expires
- December 31, 2024
- Bonus Requirements
-
- Be a new business checking customer and open a new business checking account.
- Open a Business Foundation Checking® account and deposit $2,000 in new money within 30 days, earn a $100 bonus; Open a Business Core Checking® account and deposit $5,000 in new money, earn a $400 bonus; Open a Business Advanced Checking® account and deposit $20,000 in new money, earn $750
- Maintain the minimum balance between days 31 to 90.
- Bonus will be deposited into the new Associated Bank business checking account within 120 days of account opening.
- Keep the account open for at least 12 months
at Associated Bank
2. Huntington Unlimited Business Checking - $400 bonus
Huntington is offering a welcome bonus to those opening new business checking accounts. This one offers $400 for a $5,000 deposit. They're also running $100 and $1,000 offers for $2,000 and $20,000 deposits, respectively.
While the account needs to remain open for 6 months to avoid forfeiting the offer, you will get the bonus within 2 weeks of meeting the requirement which is pretty great!
Huntington National Bank : Unlimited Business Checking
- Bonus Amount
- $400
- Account Type
- Business Checking
- Availability
- OH, MI, IN, PA, KY, WV, IL
- Offer Expires
- January 7, 2025
- Bonus Requirements
-
- Open a new Unlimited Business Checking account using the link below.
- Within 60 days, make deposits totaling $5,000.
- Keep the account open for at least 90 days.
- Bonus will be deposited to your new account within 14 days of meeting the requirements.
at Huntington
3. Huntington Unlimited Plus Business Checking - $1000 bonus
Huntington is offering a welcome bonus to those opening new business checking accounts. This one offers $1,000 for a $20,000 deposit. Don't have $20k? They're also running $100 and $400 offers for $2,000 and $5,000 deposits, respectively.
While the account needs to remain open for 6 months to avoid forfeiting the offer, you will get the bonus within 2 weeks of meeting the requirement which is pretty great!
Huntington National Bank : Unlimited Plus Business Checking
- Bonus Amount
- $1000
- Account Type
- Business Checking
- Availability
- OH, MI, IN, PA, KY, WV, IL
- Offer Expires
- January 7, 2025
- Bonus Requirements
-
- Open a new Unlimited Plus Business Checking account using the link below.
- Within 60 days, make deposits totaling $20,000.
- Maintain minimum daily balance of $20,000 for 60 days after meeting deposit requirement.
- Keep the account open for at least 90 days.
- Bonus will be deposited to your new account within 14 days of meeting the requirements.
at Huntington
4. Huntington Business Checking 100 - $100 bonus
Huntington is offering a welcome bonus to those opening new business checking accounts. This one offers $100 for a $2,000 deposit.
In this iteration of the promotion, Huntington actually decreased the reward amount for this tier – from $200 down to $100 – while keeping the requirement the same. On the flip side, their highest offer is $1,000.
While the account needs to remain open for 6 months to avoid forfeiting the offer, you will get the bonus within 2 weeks of meeting the requirement which is pretty great!
Huntington National Bank : Business Checking 100
- Bonus Amount
- $100
- Account Type
- Business Checking
- Availability
- OH, MI, IN, PA, KY, WV, IL
- Offer Expires
- January 7, 2025
- Bonus Requirements
-
- Open a new Business Checking 100 account using the link below.
- Within 60 days, make deposits totaling $2,000.
- Keep the account open for at least 90 days.
- Bonus will be deposited to your new account within 14 days of meeting the requirements.
at Huntington
5. Flagstar Bank Business Checking - $500 bonus
Flagstar Bank is offering business owners operating within their footprint a $500 bonus for opening any new business checking account – including their Standard Business Checking which comes with no monthly fee.
You'll just need to deposit $5,000 within 3 months and then complete 10 qualifying transactions (which include debits, credits, deposits, and paid items). Pretty easy considering the decent payout!
Keep in mind that the account will need to stay open for at least 6 months to avoid early closure fees.
Flagstar Bank : Business Checking
- Bonus Amount
- $500
- Account Type
- Business Checking
- Availability
- IN, MI, OH, WI
- Bonus Requirements
-
- Open any new business checking account using the link below.
- Within 90 days, deposit $5,000.
- Within the same 90 days, make 10 debit or credit qualifying transactions.
- Bonus will be credited to your account 91-104 days after account opening.
at Flagstar Bank
6. Independent Bank Business Checking - up to $150 bonus
Independent Bank, with a footprint in Michigan, is offering a $50 referral bonus for you and $150 for your friend. All they need to do is open a new business checking account and either use their debit card or make some deposits. Once complete, you'll both receive the bonus in the form of a gift card.
Independent Bank : Business Checking
- Bonus Amount
- up to $150
- Account Type
- Business Checking
- Availability
- MI
- Bonus Requirements
-
- Refer a friend to open a new Independent Bank business checking account using your referral link found at the website below.
- Ensure your friend completes the following activities within 60 calendar days of account opening: 15 debit card purchases OR makes at least $1000 in cumulative deposits.
- Bonus gift card will arrive within 4-6 weeks after completion of all requirements.
at Independent 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
- January 23, 2025
- Bonus Requirements
-
- Open a J.P. Morgan Self-Directed Investing account using the link below.
- Within 45 days, fund your account with qualifying new money; $5,000 - $24,999 = $50 bonus; $25,000 - $99,999 = $150 bonus; $100,000 - $249,999 = $325 bonus, $250,000 = $700 bonus.
- Your bonus amount will be determined on day 45.
- Maintain your new funds for 90 days (losses due to trading or market fluctuation will not be taken into account).
- Bonus will be received within 15 days.
- INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
at J.P. Morgan
2. E*TRADE Bank Brokerage - up to $6000 bonus
Payouts have increased again! E*Trade is now offering new investors up to $6,000 in bonus cash when you open and fund a new investing account. You'll only need $1,000 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 $6,000, you need at least $2M 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 $6000
- Account Type
- Investment
- Availability
- Nationwide
- Offer Expires
- January 31, 2025
- 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: $1,000 - $4,999, earn $100; $5,000 - $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 - $1,999,999 earn $5,000; $2M+, earn $6,000.
- If you deposit $200,000 or more, you will receive a cash credit within seven business days.
- If you have deposited at least $200,000 in your account, and you make subsequent deposits in that account to reach a higher tier, you will receive a second cash credit following the close of the 60-day window.
at E*TRADE Bank
3. 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
- December 31, 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®
4. 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
5. 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
6. 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
7. 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
8. 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
9. 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
- 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®
10. 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.
at Charles Schwab
11. 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).
at SoFi
12. 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
Michigan Banking Statistics
Want to dive deeper? We love researching banks and credit unions and regularly explore data releases like these two from the FDIC and the Credit Union National Association.
Here are a few interesting data points on banking in Michigan from the FDIC and CUNA’s state profiles:
- Number of banks: 78
- Number of state credit unions: 192
- Credit union memberships: 6.015 million
- Deposit market share: 77.2% banks; 22.8% credit unions
- Largest deposit market: Detroit/Warren/Dearborn
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