Best Bank Bonuses and Promotions of December 2022

You’re probably familiar with the usual ways to earn money from your bank accounts, such as interest on your deposits and cashback rewards for spending. These are all things you should be taking advantage of.

But there’s also free money waiting for you in the form of new account bonuses, and all you have to do is open a new checking or savings account.

It's true! Many banks, credit unions, and brokerages offer a financial incentive to attract new customers (and their deposits!).

Keep reading to learn more about these new account offers or to compare the best bank bonuses available today.

25 Best Bank Promotions and Bonus Offers

These are our absolute favorite bank promotions right now.

Why?

Because the requirements necessary to earn each bonus are in line with the reward (please don't require us to deposit $500k to earn $150 🙄) and they're from reputable banks and institutions that are available nationwide.

Note: If you're hungry for even more new account offers, you can use our tool to explore the full list of bank promotions

Best checking account offers

If you're looking for a new personal checking account, here are the banks offering the best checking account bonuses:

Bank Bonus Details Learn More

Citi®

Citi Priority Account

Citi Priority Account: up to $2000 bonus offer

About the offer

Citi® is offering up to a $2,000 cash bonus when you open a new Citi Priority Account. Like most Citi promotions, this is a tiered offer based on the amount you're able to deposit and maintain in your new checking account.

Citi recently added a lower tier to this bonus, making it easier for more people to participate. However, some of the middle tier requirements have increased. All told, the bonus amount ranges from $200 for depositing $10,000, up to the full $2,000 for depositing $300,000.

Depending on when you deposit the cash (it needs to be there by the 20th day), the bonus represents an effective rate of roughly 4-11% on your savings. The $200 offer nets you the best effective rate, but every offer is significantly more than what you can find on most savings accounts. So if you have the cash, this is a great way to put it to work, risk-free.

It's important to note that this offer is available in most, but not all states.

  1. Open a new Citi Priority Account using the link below.
  2. Within 20 days, deposit $10,000 into your new account to earn $200, $30,000 to earn $500, $75,000 to earn $1,000, $200,000 to earn $1,500 or $300,000+ to earn $2,000.
  3. Maintain that balance for 60 days or more after the 21st day that the account was opened.
  4. Bonus will be credited to your open, eligible account within 30 calendar days after completing the requirements.
Bonus
up to $2000
Account Type
Personal Checking
Expires In
36 days
Requires
  • Min Balance
How To Earn

or, read the full requirements

U.S. Bank

U.S. Bank Smartly™ Checking

U.S. Bank Smartly™ Checking: $300 bonus offer

About the offer

U.S. Bank is offering a $300 bonus for opening a new Smartly™ checking account. Never heard of the Smartly™ checking account? That's because U.S. Bank recently revamped their product lineup! This new account simplifies their personal checking lineup by replacing U.S. Bank's previous Platinum, Gold, and Easy Checking accounts.

Unlike their previous offer, which was tiered, this offer comes with a single $300 when you have qualifying direct deposits of at least $5,000. You'll have 60 days to reach this target, but keep in mind that unlike some banks that let you hit the bonus in a single transaction, U.S. Bank requires at least two direct deposits to qualify for this promotion.

These requirements are slightly higher than previous offers from U.S. Bank for this amount. All-in-all, we consider this bonus from U.S. Bank to be quite solid. If you qualify, it's one of the highest offers available right now – especially considering you don't have to tie up any funds.

  1. Open a new U.S. Bank Smartly™ checking account from U.S. Bank, member FDIC.
  2. Within 60 days, be enrolled in online banking or the U.S. Bank mobile app.
  3. Within the same 60 days, complete recurring direct deposits of 2 or more that total $5,000+ to earn $300.
  4. Bonus will be deposited into your new account within 60 days of meeting requirements.
Bonus
$300
Account Type
Personal Checking
Expires In
15 days
Requires
  • Direct Deposit
Apply Now

at U.S. Bank

or, read the full requirements

Chase

Chase Total Checking®

Chase Total Checking®: $200 bonus offer

About the offer

The flagship Chase checking account bonus was recently decreased from $225 down to $200. While $200 is what Chase has historically offered as a new checking account bonus, it's still a bummer to see the amount go down.

That said, Chase Total Checking® is the most popular account from one of the nation's best banks. You'll have access to more than 4,700 branch locations and 16,000 ATMs, along with a top-rated mobile app.

Your new account can be opened easily online, and earning the bonus is super straightforward: receive a qualifying direct deposit into your new account within 90 days, and Chase will reward you within 15 days.

Keep in mind that Chase Total Checking® does charge a $12 monthly maintenance fee, but there are several ways to have this waived, including maintaining a minimum daily balance of $1,500 or making at least $500 in electronic deposits each month.

Assuming you can keep the account free, we definitely recommend taking advantage of this easy cash bonus from Chase!

  1. Open a Chase Total Checking® account.
  2. Within 90 days, have a direct deposit made from either your employer (paycheck or pension) or the government (any benefit such as Social Security).
  3. Receive your money within 15 days of the deposit posting.
Bonus
$200
Account Type
Personal Checking
Expires In
52 days
Requires
  • Direct Deposit
Apply Now

at Chase

or, read the full requirements

PNC

Virtual Wallet® with Performance Select

Virtual Wallet® with Performance Select: $400 bonus offer

About the offer

Available in 22 states plus the District of Columbia, PNC is back with a competitive welcome bonus for opening a personal checking account and using direct deposit within the first 2 months. This offer must be redeemed at the link below AND on a mobile phone to qualify.

If the $5k in direct deposit is too high, they're also running a couple of smaller offers with lower 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.

  1. Open a Virtual Wallet® with Performance Select account using the link below from a mobile device.
  2. Within 60 days, have a total of $5,000 in direct deposits.
  3. Bonus will be credited to your account within 60-90 days after meeting requirements.
Bonus
$400
Account Type
Personal Checking
Expires In
29 days
Requires
  • Direct Deposit
Learn More

at PNC

or, read the full requirements

BMO Harris

Personal Checking

Personal Checking: $200 bonus offer

About the offer

BMO Harris Bank is giving you 3 months to accumulate $4,000 in direct deposits to earn a $200 welcome bonus for opening a new Smart Advantage™ or Smart Money™ checking account. Even better? They're also offering a $5/month kicker if you save regularly.

It's not available nationally, but if you're in one of the targeted states, you can open an account online to grab that cash.

  1. Open a new Smart Advantage™ or Smart Money™ account using the link below.
  2. Within 90 days, have a total of $4,000 in direct deposits.
  3. Bonus is credited directly to your checking account approximately 100 days after account opening.
Bonus
$200
Account Type
Personal Checking
Expires In
26 days
Requires
  • Direct Deposit
Learn More

at BMO Harris

or, read the full requirements

Wells Fargo

Personal Checking

Personal Checking: $200 bonus offer

About the offer

Wells Fargo is offering new checking account customers a $200 bonus. You'll have 3 months to receive $1,000 in direct deposits in order to qualify for the promo.

This is a pretty easy bonus that's available nationally without restriction, and the deposit requirement has been cut in half (from $2,000 down to $1,000). It's also $100 higher than when it was last offered end of last year.

Keep in mind that this is Wells Fargo's public offer. The bank is also targeting some customers with higher amounts (up to $400). Up to you whether it makes sense to wait for a targeted offer (if it comes), or to take advantage of a readily available one.

  1. Open a new personal checking account using the link below.
  2. Within 90 days, receive direct deposits totaling $1,000.
  3. Bonus will be deposited into your account within 30 days of the 90-day qualification period.
Bonus
$200
Account Type
Personal Checking
Expires In
27 days
Requires
  • Direct Deposit
Apply Now

at Wells Fargo

or, read the full requirements

Fifth Third Bank

Personal Checking

Personal Checking: $250 bonus offer

About the offer

Fifth Third Bank has continued their personal checking account bonus.

You can open the account online through the promotion's landing page, or choose instead to enter your email address to receive a unique code that you can take into your local branch.

Another perk? Users report receiving their bonus just days after the qualifying deposit is posted.

  1. Open a new Momentum® Checking or Preferred checking account using the link below.
  2. Within 90 days, receive $1,000 in direct deposits.
  3. Bonus will be credited to your new account within 10 business days of meeting the requirements.
Bonus
$250
Account Type
Personal Checking
Expires In
27 days
Requires
  • Direct Deposit
Apply Now

at Fifth Third Bank

or, read the full requirements

Citizens

Personal Checking Account

Personal Checking Account: up to $400 bonus offer

About the offer

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.

  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.
Bonus
up to $400
Account Type
Student Checking
Expires In
47 days
Requires
  • Direct Deposit
  • Card Spend (optional)
Apply Now

at Citizens

or, read the full requirements

Best savings account bonuses

Here are the banks and credit unions offering the best sign-up bonuses for opening a new CD, money market, or high-yield savings account:

Bank Bonus Details Learn More

CIT

Money Market Account

Money Market Account: 1-Year Amazon Prime ($139) bonus offer

About the offer

CIT Bank is offering a unique bonus to new money market account holders who deposit at least $15,000 in their new account.

Not only will you earn some interest on that cash (0.45% APY currently), you'll also receive a code for one year of Amazon Prime. That's a value of $139!

If you already have an Amazon Prime account, the code will be applied at the time of renewal.

  1. Open a CIT Bank Money Market account using promo code "AMZN22".
  2. Within 15 days, fund your account with at least $15,000.
  3. For the 60 days following the the 15 day funding period, keep a minimum balance of at least $15,000.
  4. CIT will email you your Prime membership code within 30 days if you’ve fulfilled the requirements.
Bonus
1-Year Amazon Prime ($139)
Account Type
Money Market Account
Expires In
Limited Time
Requires
  • Min Balance
Apply Now

at CIT

or, read the full requirements

Citi®

Citi® Accelerate Savings

Citi® Accelerate Savings: 3.25% APY offer

About the offer

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.

  1. Open a new Citi® Accelerate Savings account using the link below.
  2. Transfer money from a different bank or an existing Citi account.
  3. Interest compounds daily and will be credited to your account each month.
Bonus
3.25% APY
Account Type
Personal Savings
Expires In
Limited Time
Requires
  • Min Balance
How To Earn

or, read the full requirements

Discover

Online Savings Account

Online Savings Account: up to $200 bonus offer

About the offer

Discover – one of our top picks for online banks – is currently offering up to $200 for opening a new Online Savings account. You'll need to deposit $25,000 to earn the full amount, but $15,000 only results in a loss of $50.

One perk to this bonus is that Discover doesn't have a requirement for how long you need to keep the cash in the account, so you can deposit and withdraw immediately. Doesn't get much easier than that!

  1. Open a new Discover Online Savings Account using promo code GBP922 at the link below.
  2. Within 30 days, deposit $15,000 to earn $150 or $25,000 to earn $200.
  3. Bonus will be credited to your account within 30 days of qualifying for the bonus.
Bonus
up to $200
Account Type
Personal Savings
Expires In
11 days
Requires
  • Min Balance
Apply Now

at Discover

or, read the full requirements

Alliant

Ultimate Opportunity Savings Account

Ultimate Opportunity Savings Account: $100 bonus offer

About the offer

Alliant Credit Union has partnered with Suze Orman to encourage people to make saving a priority. To that end, they've launched “The Ultimate Opportunity Savings Account” promotion, where you can earn a $100 welcome bonus by opening a new savings account and making the commitment to deposit $100 each month.

Keep in mind that these deposits don't need to be made via direct deposit, as is common with many bank bonuses. Instead, regular transfers each month will work.

The first transfer will need to be made within 30 days of opening the account, and while it does take a full 12 months to satisfy the requirements, the ROI on your cash is impressive.

This is a nationwide bonus from one of the best credit unions, so definitely check it out!

  1. Open a new Ultimate Opportunity Savings Account using the link below.
  2. For 12 consecutive months, deposit $100 each month.
Bonus
$100
Account Type
Personal Savings
Expires In
27 days
Requires
  • Min Balance
Apply Now

at Alliant

or, read the full requirements

Regions

LifeGreen Savings

LifeGreen Savings: up to $100 bonus offer

About the offer

The main draw of LifeGreen Savings is its bonus offer, which pays out up to $100 per year when you set up automated transfers (in addition to the normal APY). If you transfer at least $10 into the account per month, you'll get a 1% savings bonus at the end of the year (up to $100).

The best part of this offer is that it isn't a one-time cash back deal. LifeGreen Savings bonuses are eligible each year that the account is in good standing.

  1. Have an existing or open a new LifeGreen Savings account using the link below.
  2. Set up an automated transfer of funds of at least $10 from your Regions checking account to your LifeGreen Savings account in at least 10 of any of the 12 calendar months.
  3. An annual 1% savings bonus (maximum $100 reward) will be paid to your account by the second business day of the month following our Account Anniversary Month.
Bonus
up to $100
Account Type
Personal Savings
Expires In
Limited Time
Requires
  • Min Balance
Apply Now

at Regions

or, read the full requirements

Best brokerage account promotions

Looking for a new brokerage? You can get a reward for opening any of these investment accounts:

Bank Bonus Details Learn More

J.P. Morgan

Self-Directed Investing

Self-Directed Investing: up to $625 bonus offer

About the offer

Available nationwide with the ability to open online, J.P. Morgan Wealth Management is offering up to a $625 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 $25,000, down from the previous $100,000 entry point!

Here are all 3 tiers of this investing bonus:

New Money Added Bonus Amount
$25,000-$99,999 $125
$100,000-$249,999 $300
$250,000+ $625

This is the highest offer that we've seen to-date from J.P. Morgan.

  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; $25,000 - $99,999 = $125 bonus; $100,000 - $249,999 = $300 bonus, $250,000 = $625 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
Bonus
up to $625
Account Type
Investment
Expires In
46 days
Requires
  • Min Balance
Apply Now

at J.P. Morgan

or, read the full requirements

Axos

Self-Directed Trading

Self-Directed Trading: $200 bonus offer

About the offer

Several of the large online and national banks are looking to round out their product offering and capitalize on consumers' fervent interest in self-directed stock buying.

To that end, Axos is ramping up their investment platform: Axos Self-Directed, which offers commission-free trades. This competes against banking competitors Chase, Charles Schwab, and the newest Citi® Self Invest, along with online brokerages like Robinhood.

Axos is offering up to a $200 welcome bonus for a limited time to new customers of their Self-Directed Trading or Managed Portfolio products. The minimum deposit amount is a little higher, but so is the bonus amount.

  1. Open a new Axos Self-Directed Trading or Managed Portfolio account.
  2. Within 60 days, fund your account with at least $2,000.
  3. SDT accounts will also need to make a minimum of 2 trades of at least $25 to qualify.
  4. Maintain a balance of at least $2,000 for 90 days.
  5. Bonus will be deposited within 10 days following the 90-day waiting period.
Bonus
$200
Account Type
Investment
Expires In
58 days
Requires
  • Min Balance
Apply Now

at Axos

or, read the full requirements

Public

Brokerage Account

Brokerage Account: up to $10000 bonus offer

About the offer

Public.com is a well-known brokerage similar to Robinhood, TD Ameritrade, and WeBull. They're registered with FINRA and SIPC, so you can rest assured that your money is safe on their platform.

Public.com is making it easy – and lucrative – to compare their platform to your existing brokerage. When you open a new account with Public and transfer assets via ACAT (Automated Customer Account Transfer – it's the industry standard and takes just a few days), you'll receive a cash bonus of up to $10,000! That's right, $10,000 simply for making the switch.

Keep in mind that this is a tiered offer based on the total amount you transfer. $5,000 will earn you $150, but it will take a $1M portfolio to earn the full $10,000. Also, transfers need to be via ACAT to qualify (cash transfers won't count), and the transferred funds need to stay in your Public account for at least 6 months or they'll claw the bonus back.

  1. If you're not currently a Public customer, open a new account using our link.
  2. Transfer investments from your current brokerage into your Public account using ACAT: $5,000 to earn $150, $25,000 to earn $500, $100,000 to earn $2,000, $500,000 to earn $5,000, or $1M to earn the full $10,000.
  3. Cash bonus will be applied to your account one month after you initiate the transfer.
Bonus
up to $10000
Account Type
Investment
Expires In
27 days
Requires
  • Min Balance
Apply Now

at Public

or, read the full requirements

Acorns

Acorns Invest [Referral Program]

Acorns Invest [Referral Program]: $1000 bonus offer

About the offer

Every week, Acorns reintroduces its referral bonus, which gives you cash for referring friends to the FinTech. This week, Acorns is offering a $1,000 bonus when you refer 4 friends who open a new Invest account and make their first investment. It's one of the highest "average reward per person" deals we've seen. With that said, it is super easy if you know people.

You don't need to already have an Acorns account to qualify, either.

Just sign up for one using the link below, make an initial deposit of at least $5, and you'll have instant access to your unique referral link, which you can then pass along to your friends. In your account, you'll be able to see the number of pending and successful referrals so that you can keep track of your progress to the bonus.

This offer will also automatically stack with their regular $10 bonus offered to BankBonus.com users, for additional earnings.

  1. If you do not already have an Acorns Invest account, create one using the link below and make an initial deposit of at least $5.
  2. Refer 4 friends using your personal referral link during the promo period, and ensure they make their first investment by December 24, 2022.
  3. Bonus(es) will be deposited within 30 days of promotional period ending.
Bonus
$1000
Account Type
Investment
Expires In
6 days
Requires
  • Open an Account
Apply Now

at Acorns

or, read the full requirements

Tradestation

Securities or Crypto Account

Securities or Crypto Account: up to $150 bonus offer

About the offer

Available nationwide with the ability to open online, Tradestation is offering new customers a $150 cash bonus when you open a new securities investment account or $150 in Bitcoin when you open a new crypto trading account.

  1. Open a new account with promo code TSTVAFYB.
  2. To earn $150 in Bitcoin, purchase or deposit at least $500 of supported cryptocurrency assets within 45 calendar days of account enrollment.
  3. To earn $150 cash, deposit at least $500 into your account within 45 calendar days of account enrollment.
  4. Maintain balance through the end of the next full month following the account funding date to earn the first $75 bonus.
  5. Maintain balance through the end of the second full month following the account funding date to earn the second $75 bonus.
Bonus
up to $150
Account Type
Investment
Expires In
Limited Time
Requires
  • Min Balance
Apply Now

at Tradestation

or, read the full requirements

Best business account bonuses

Have a business? These banks and credit unions are running promotional offers if you open a new business account:

Bank Bonus Details Learn More

Chase

Chase Business Complete Banking℠

Chase Business Complete Banking℠: $300 bonus offer

About the offer

Chase Bank is offering business owners a $300 bonus to open a new Chase Business Complete Banking℠ account.

The requirements are pretty easy to meet: deposit $2,000 and maintain it for 2 months, and complete just 5 qualifying transactions in the first 3 months. Several activities count as "qualifying transactions", including purchases on your debit card, deposits into the account, setting up a bill payment, and more. See the fine print for the full list, but needless to say, meeting that requirement should be painless.

What's especially awesome about this bonus compared to other business checking account offers is that Chase recently launched the ability for customers to open an account online. Compared to the vast majority of business checking accounts which require you to visit your local branch, opening an account at Chase is significantly more convenient.

If you prefer live help, however, you can still enroll in this offer by entering your email address on the bonus landing page to have an offer code sent to you. Just be sure to take that code with you when you visit a branch.

  1. Obtain a Chase business coupon using the link below and open a new Chase Business Complete Banking℠ account.
  2. Within 30 days, deposit at least $2,000 and maintain that balance for 60 days.
  3. Within 90 days of account opening, complete 5 qualifying transactions: debit card purchases, Chase QuickAccept℠ deposits, Chase QuickDeposit℠, ACH credits, wires (credits and debits), and/or bill pay.
  4. Bonus will be credited to your account within 15 days of meeting the requirements.
Bonus
$300
Account Type
Business Checking
Expires In
74 days
Requires
  • Min Balance
  • Card Spend (optional)
Apply Now

at Chase

or, read the full requirements

Axos

Business Interest Checking

Business Interest Checking: up to $200 bonus offer

About the offer

Available nationwide with the ability to open online, Axos is offering a $200 welcome bonus when you open a new Business Interest Checking account and maintain a minimum balance. This is double their previous offer so now might be a good time to jump on it!

It's important to note that only new businesses (those incorporated after 06/01/2020) are eligible for $200 and must use promo code NEWBIZ200. If your business is older than that, you'll only be eligible for a $100 bonus and must use promocode NEWAXOSBIZ.

  1. Open a new Business Interest Checking account from Axos Bank using promo code NEWBIZ200 (or NEWAXOSBIZ for older companies).
  2. In the first two months after account opening, maintain an average daily balance of at least $2,500.
  3. Bonus will be deposited into your new account within 5 business days of your statement cycle date.
Bonus
up to $200
Account Type
Business Checking
Expires In
27 days
Requires
  • Min Balance
Apply Now

at Axos

or, read the full requirements

U.S. Bank

Business Checking

Business Checking: up to $500 bonus offer

About the offer

U.S. Bank is offering up to a $500 welcome bonus when you open and fund a new business checking account. Plus, the funding requirement has dropped significantly since the last time this promo was offered.

This is a two-part bonus. The first $400 is for depositing $1,500 in your new checking account and then completing some qualifying transactions such as using your debit card, receiving ACH credits, using mobile check deposit, paying bills, and more.

To earn an additional $100, you'll also need to accept and settle a U.S. Bank Payment Solutions Merchant transaction into your new account. This extra bonus isn't for every business, so we appreciate that U.S. Bank kept this requirement separate from the $400 offer.

Keep in mind that this promotion is only available nationwide to customers who already have a relationship with U.S. Bank. If you don't, you'll need to live in any of the 26 states in which they operate.

  1. Open a new U.S. Bank Silver, Gold or Platinum Business Checking Account with the promo code Q4BUS22.
  2. Within 30 days, deposit $1,500 in new money.
  3. Within 60 days, complete 10 qualifying transactions (debit card purchases, merchant deposits, ACH credits, debit or credit wires, mobile check deposit or bill pay).
  4. Within the same 60 days, enroll in online banking or download and log in to their mobile app.
  5. Within the same 60 days, accept and settle a U.S. Bank Payment Solutions Merchant transaction into your new checking account to earn the additional $100 Payment Solutions bonus offer.
  6. Bonus(es) will be deposited into your new U.S. Bank business checking account within 45 days of meeting all requirements.
Bonus
up to $500
Account Type
Business Checking
Expires In
17 days
Requires
  • Min Balance
  • Bill Pay (optional)
  • Card Spend (optional)
Apply Now

at U.S. Bank

or, read the full requirements

Bank of America

Business Checking

Business Checking: $200 bonus offer

About the offer

If you're a business owner in the market for a new checking account, be sure to check out this offer from Bank of America.

They're offering a $200 bonus when you open a new business checking account and maintain a minimum balance. Not only that, but you can also stack this offer with an eligible small business credit card to earn an extra $300, for a total bonus of $500.

To qualify, you can choose between Bank of America's Business Advantage Relationship Banking or Business Advantage Fundamentals™ Banking accounts. Both have monthly fees that can be waived. Then, you'll just need to deposit $3,000 into your new account. Pretty simple!

  1. Open a new Business Advantage Relationship Banking or Business Advantage Fundamentals™ Banking account.
  2. Within 30 days, make qualifying deposits of $3,000 or more in new money.
  3. From day 31- day 90, maintain an average balance of $3,000.
  4. Bonus will be deposited directly into your Business Advantage Banking account within 60 days from the end of your qualifying period.
Bonus
$200
Account Type
Business Checking
Expires In
27 days
Requires
  • Min Balance
Apply Now

at Bank of America

or, read the full requirements

BMO Harris

Business Checking

Business Checking: up to $400 bonus offer

About the offer

Available in select states within their footprint, BMO Harris is offering up to a $400 welcome bonus when you open a new business checking account and meet the minimum balance requirements. This is a tiered bonus, the higher the balance, the more you can earn. It's worth noting that this bonus is not quite as high as a recent one offered for the same tiers.

  1. Open a new BMO Harris business account online or in branch using the promo code provided at the link below.
  2. By day 31 have a balance of at least $5,000 and maintain it for the next 120 days to be eligible to earn $250 OR have a balance of at least $10,000 and maintain it for the next 120 days to be eligible to earn $400.
  3. Within the first 90 days, complete 10 qualifying transactions. (any combination of: ACH credits or debits, online bill payments, mobile deposits, wire transfers or debit card POS purchase transactions).
  4. Bonus will be deposited into the new checking account within 14days of meeting the promotion requirements, approximately Day 135.
Bonus
up to $400
Account Type
Business Checking
Expires In
58 days
Requires
  • Min Balance
Apply Now

at BMO Harris

or, read the full requirements

Huntington

Unlimited Plus Business Checking

Unlimited Plus Business Checking: $750 bonus offer

About the offer

Huntington is offering a welcome bonus to those opening new business checking accounts. This one offers $750 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!

  1. Open a new Unlimited Plus Business Checking account using the link below.
  2. Within 60 days, make deposits totaling $20,000.
  3. Keep the account open for at least 90 days.
  4. Bonus will be deposited to your new account within 14 days of meeting the requirements.
Bonus
$750
Account Type
Business Checking
Expires In
63 days
Requires
  • Min Balance
Apply Now

at Huntington

or, read the full requirements

Explore Bank Promotions and New Account Offers

We track bank bonuses and sign-up offers for opening everything from a new checking account or high-yield savings account, to a new credit card or brokerage account.

With hundreds of banks and credit unions offering these promotions, it can be tough to find and compare these deals. That's where BankBonus.com comes in.

There are more than 480 active bank bonuses in our database right now, and thousands more that have since expired.

Answer just a few quick questions and our tool will zip through all of these offers to find you the perfect one.

What Are Bank Promotions?

Banks and credit unions are always looking to attract as many new customers as possible.

The more new money that these financial institutions can bring in, the more overall profit they make.

One of the most popular ways that banks lure in new customers is by offering account opening bonuses, which are financial incentives you can get for opening a new account and meeting certain terms and conditions.

These new account offers are a win-win for the bank (or credit union) and customer.

They’re attractive to customers because it’s free money. And for banks, it’s a prime opportunity to bring in new customers, who are likely to stay on board for many years down the road.

How Can I Qualify For a Bank Account Bonus?

First, you typically need to be a new customer.

Next, you’ll have to meet requirements such as completing certain activities for a period of consecutive months after account opening.

These activities can be anything from meeting and maintaining a minimum balance or minimum deposit, making a qualifying direct deposit, using your debit card, enrolling in mobile banking, or a combination of several of these activities.

We’re intentionally vague here, because every new account bonus will come with different terms. Often, the more difficult the requirements, the higher the reward.

Requirements for checking account offers usually fall into four categories:

  1. Minimum Balance: Some bonuses will require you to transfer new money to the account and then maintain that balance for a certain period of time. How long will vary, but it’s typically from 30 to 90 days.
  2. Direct Deposit: Other offers will require you to receive qualifying direct deposits from your employer or government benefits such as social security. Often, the deposit will need to exceed a certain amount, and terms can vary from a single deposit to a recurring deposit that occurs over consecutive months.
  3. Debit Card Purchases: Sometimes the checking account bonus will require you to use your debit card to make a certain number of purchases. Keep in mind that ATM withdrawals won’t count.
  4. Account Features: The last common requirement involves using account features like Bill Pay, enrolling in eStatements, remote deposit capture, or logging into the mobile app.

Banks will outline exactly which of the above requirements – sometimes just one, sometimes a combination of several – are necessary to qualify for the checking account bonus.

In addition to meeting the initial requirements, you also usually have to stay in good standing with the bank or credit union for a certain number of days after account opening (the first three to six months is pretty typical).

This means that you either have to maintain an average daily balance, an average monthly balance, a specified combined balance, or a minimum balance as required by the bank.

It goes without saying, of course, that avoiding a negative balance is also critical, so don’t overdraft your account!

Ultimately, they’re putting the terms in place so that new customers don’t get the bonus and quickly close the account, which would result in a financial loss for the bank.

How are bank bonuses paid out?

Most of the time, it’s in the form of a cash bonus that the bank puts directly into your new account.

The bonus payment might also be handed out in other forms, such as a Visa Gift Card or rewards points that you can use to make online purchases.

Once you’ve met all the requirements, it’ll usually take a few business days for your cash to show up in your checking or savings account.

Most bank offers will clearly state when and how to expect your cash bonus, so again, read the fine print (we also call this out clearly in every offer we publish on BankBonus.com).

How much money can you get?

Sign-up bonuses typically range from a couple hundred to a thousand or more dollars, depending on the bank, how much money you deposit, or how “tough” the requirements are.

New account bonuses are typically offered for opening a traditional checking account, but you can also find them for opening a new business checking account, money market account, savings account, credit card, or investment account.

How do I avoid monthly fees?

A monthly maintenance fee is a fee charged by a financial institution simply for having the account. This is typically bundled with premium features such as interest on your deposit balance.

This is different from other account fees like atm surcharges, overdraft fees, or early account termination fees.

Fortunately, most of the time, the monthly service fee can be waived by meeting certain requirements such as receiving qualifying direct deposits, or maintaining a minimum balance requirement.

If you can’t meet the thresholds necessary to waive the monthly fee, fear not.

Many banks offer a checking account bonus even for opening one of their totally free checking accounts.

How To Find A Bank Sign Up Bonus

Keep an eye out for promotional materials from local or national banks that advertise a new checking account or savings account bonus.

Banks are frequently sending these out over email, snail-mail, and through online and mobile app ads.

Chances are, you’ve come across more bank promotions than you even realize.

And, just from having searched and found this article, there’s a strong chance that you’ll be retargeted for new account bonuses as you browse the internet.

What Do The Best Bank Promotions Look Like?

The bigger, the better, right?

Yes, and no. Bonus offers vary quite a bit, and it isn’t necessarily as simple as finding the biggest number and going after it.

New checking and savings account bonuses are everywhere, but customers can most often expect to see them popping up at the bigger national banks or credit unions. Some of the most popular are:

The best bank bonuses also have easy-to-reach requirements. For example, if the bank requires a $100,000 minimum opening deposit, most people wouldn’t qualify for that.

Another thing to watch out for is that if the bank charges a monthly maintenance fee for your new account. This could eventually wash out any bonus that you might get.

So, if you’re eyeing a $200 sign-up bonus, but then the bank charges an unavoidable $15 monthly fee, then your bonus offer gets washed out in about 13 months.

Ideally, the bank or credit union you decide to go with won’t charge you any fees, or there will be a way to get around them (such as monthly direct deposits).

The same goes for evaluating a credit card offer. The biggest account opening bonuses will come for cards with an annual fee. But this only makes sense if the card offers rewards and perks that you find genuinely valuable.

That way, you’ll be able to enjoy your cash bonus without giving it right back.

Calculator: Bank Bonus APY

If you’re eyeing a new savings, investment or checking account bonus, you may be wondering how to analyze some of the above factors to determine whether it’s a worthwhile offer.

It’s true that bank bonuses will very often give you an effective interest rate that is WAY higher than any HYSA, while still being low risk compared to the short-term volatility of say, the stock market.

But, as we said, that’s not the case for every offer, so we recommend you always run the numbers for yourself.

And, like always, we’re here to help with that.

If you have cash sitting in a savings account that you’re considering using to meet a minimum balance bonus requirement, this calculator will help you compare the APY of your savings account versus the cash reward.

What's the total amount you'll receive?

$

What's the minimum balance you're required to hold in the new account?

$

How long are you required to hold the balance in the new account in order to earn the bonus?

What fees will you incur while having the account? Don't include fees that will be waived or those that are avoidable, such as overdraft fees.

Already have your savings parked in a HYSA? Enter the rate you're earning to compare the bonus to that instead of the national average.

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Our Methodology

As you can see, there are several things to consider when vetting or ranking savings account and checking account offers.

We focused on the following criteria:

  • Reasonable requirements compared to the cash payout
  • Nationally available offers
  • FDIC or NCUA insured, to protect your deposits
  • Accounts with no or waivable monthly fees

New Bank Account Offers: The Fine Print

It’d be nice if it was as simple as signing up and cashing in, but there are few more things to consider.

First, make sure you understand the exact requirements, including what’s required of you and by when (not only when the offer expires, but also how quickly you’ll need to complete the tasks).

Also note whether there’s a promo or coupon code that needs to applied at the time you open the account to enroll in the promotion.

What’s more, sometimes you need to be targeted with a specific offer page or email to get in the door.

Next, make sure you’re eligible for the offer. Banks will often exclude current or former customers from a bonus offer, may require you to be of a certain age or live in a certain state or region.

Why a certain location? Bank offers are often regional, so your friend in Michigan might see a checking bonus that’s different than what you’re getting in Kentucky – even if it’s with the same bank.

Once you’re certain that you’re eligible for the checking account bonus or savings promotion, pay close attention to the requirements.

These will be clearly outlined, but still have nuances you’ll want to be aware of.

For example, banks may require that account holders make their initial deposit via a qualifying direct deposit, rather than transferring money from another account. Banks like direct deposits because they provide steady, guaranteed revenue coming into the bank.

Finally, don’t forget that checking account bonuses are considered income and will need to be claimed come tax time. Unlike credit card bonuses, which are viewed by the IRS as a rebate or discount, checking account bonuses are considered taxable income.

The good news is that, unlike applying for a new credit card, when you open a new bank account, there’s usually no impact on your credit score.

Bank Promotions FAQs

What banks give you a bonus for opening a new account?

Offers are constantly changing. At BankBonus.com, we’re constantly scouring and updating the best bank bonuses available, so be sure to check back often (seriously, new offers are added almost every day!).

With that said, even though the actual bonus terms tend to change over time, almost all banks offer some kind of perk for opening a new bank account.

Larger, national banks typically have the resources to pay out the best bank bonuses. But you can also find sign-up rewards at your local community bank or credit union.

Whichever bank you decide to go with, make sure that it’s a member FDIC (or NCUA, if it’s a credit union), which means that your deposits will be protected up to $250,000.

Are new savings and checking account bonuses worth it?

Some bonus offers are worth it, and some aren’t.

A $400 cash bonus might seem like an amazing deal, but if you’re moving funds over from a high-yield savings account that earns a significant Annual Percentage Yield (APY), you might be losing money in the long run.

These days, however, most deposit and savings account don’t offer great interest rates – particularly those from big national banks.

So bank bonuses are very often a fantastic way to put your savings to work. Check out our Bank Bonus Return Calculator to determine for yourself the effective rate of a welcome offer and how it compares to your HYSA.

That tool also lets you factor in any fees that might come with your new account.

These might include a monthly maintenance fee or, in the case of free checking accounts, check writing or ATM fees that might exceed the value of the bonus you’re trying to get.

Why do banks have promotions?

Ultimately, bank account bonuses are a marketing tactic to attract new customers.

While most checking accounts are free (either by default or because you’re able to meet the requirements necessary to waive the fee), banks profit from you in other ways. Overdraft and other fees, add-ons like safe deposit boxes or checks, deepening their relationship with you through products like credit cards or loans, and more.

But even if you never pay your bank a single fee or a dime of interest, they still make money by having you as a customer.

How?

Bringing in new money gives banks lending power – which means they’re able to lend to other clients and earn interest (and origination fees!) from those loans.

So, to attract new customers (and their cash), many banks offer welcome bonuses to new customers.

Are bank bonuses taxable?

Yes, money you earn from a new account bonus will be reported to the IRS and taxed as income. Keep this in mind when you’re figuring out your total return on any given offer.

One exception to this are credit card sign up offers. Since most credit cards require you to spend a certain amount in order to qualify for a bonus, the reward doesn’t count as taxable income.

Do I need a checking account to get a savings bonus?

Sometimes. Banks love to get you in the door with as many products as possible, so some will require you to hold multiple accounts to earn a bonus.

Other promotions will give you a certain reward for opening a new checking account and meeting those requirements, and an extra cash reward for also opening a new savings account at the same time.

In either case, just because a bank is offering money as a sign-up bonus for opening a new account, you still want to be sure the new account makes sense for you.

There’s no limit to how many bank accounts you can hold, so this isn’t a huge issue, as long as an unwanted account doesn’t leave you paying fees.

With this in mind, if you need to add a checking account to get a bonus, make sure that it’s a free checking account that won’t penalize you for lack of use or a low balance.

The Best Bank Bonus For You

The key is to think of a personal checking account bonus as, well, a bonus. It’s a nice-to-have.

What you shouldn’t do is open an account that’s a poor fit for your financial position just to chase some extra cash.

That said, between national banks, online banks, credit unions, and fintech platforms, the options for where to stash your savings or deposits are endless.

With this in mind, there’s no reason to give a bank your business without getting something in return.

While functionality and low fees should always be your top priority, a nice savings account bonus or new checking account offer can get your balance moving in the right direction.

So, find exactly what it is that you’re looking for in a bank account, then narrow the list down based on which banks not only meet your needs but also incentivize you!

To learn more about how to find, track, and maximize bank promotions, sign up for the free 3-day email course below.