Best Bank Promotions and Bonus Offers – November 2021

You’re probably familiar with the usual ways to earn money from your bank accounts, such as interest on your deposits, referral bonuses, 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 bank bonuses, and all you have to do is open a new checking account or savings account.

Really?

Yes! It's possible to make hundreds of dollars just by opening a new bank account. Combine a big reward with a solid account from a great bank, and you have a winning combination!

Banks With Sign Up Bonuses

We prioritize savings and checking account bonus offers in the list below. Looking for a different account type or requirement? We've got you covered.

428 Top Bank Promotions and New Account Offers

These are the best bank promotions and bonus offers that are active right now.

Our extensive list includes cash bonuses for opening everything from a new checking account or high-yield savings account, to a new credit card or brokerage account.

Filters:

StonehamBank : Optimum Checking

Bonus Amount
$250
Account Type
Optimum Checking
Availability
MA, NH
Offer Expires
Limited Time Offer
Bonus Requirements
  1. Open a new Optimum Plus or Optimum One Checking account with a $10 minimum opening deposit.
  2. Within each of the first full 3 months following the date the new account is funded, receive direct deposits totaling $1,000 or more and be enrolled in online banking.
  3. Bonus will be deposited within 30 days of completing requirements.

CommunityAmerica Credit Union : Chiefs Checking or Cashback Free Checking

Bonus Amount
$100
Account Type
Chiefs Checking or Cashback Free Checking
Availability
KS
Offer Expires
Limited Time Offer
Bonus Requirements
  1. Become a member and open a new Cashback Free Checking or Chiefs Checking account.
  2. Within 60 days of account opening, maintain the ‘Qualifications for cash back’ requirements for a consecutive 31 days; 2 options: make direct deposit of at least $250 + 15 debit card purchases OR enroll in eStatements + 25 debit card purchases.
  3. Bonus will be deposited into primary savings account within 30 days of meeting qualifications.

CommunityAmerica Credit Union : High Interest Savings

Bonus Amount
$50
Account Type
Personal Savings
Availability
KS
Offer Expires
Limited Time Offer
Bonus Requirements
  1. Open a new checking account.
  2. At the same time, open a new High Interest Savings account.
  3. Within 60 days, reach a balance of $1,000.
  4. Maintain the ‘Qualifications for cash back’ requirements for a consecutive 31 days. (Enroll in eStatements, monthly direct deposit of at least $250, 15 debit card transactions OR Enroll in eStatements and 25 debit card transactions.)
  5. Bonus will post within 30 days of meeting the qualifications.

Chase Bank : Chase Freedom Unlimited®

Bonus Amount
$200
Account Type
Personal Credit Card
Availability
Nationwide
Offer Expires
Limited Time Offer
Bonus Requirements
  1. Apply for a new Chase Freedom Unlimited® credit card using the link below.
  2. Within 3 months, spend $500 using your new card.
  3. Bonus will be credited within 6 to 8 weeks in the form of 20,000 points, which can be redeemed for $200.

Chase Bank : Ink Business Unlimited®

Bonus Amount
$750
Account Type
Business Credit Card
Availability
Nationwide
Offer Expires
Limited Time Offer
Bonus Requirements
  1. Apply for a new Ink Business Unlimited® credit card using the link below.
  2. Within 3 months, spend $7,500 using your new card.
  3. Bonus will be credited within 6 to 8 weeks in the form of 75,000 points, which can be redeemed for $750.

American Express : Business Checking

Bonus Amount
$300
Account Type
Business Checking
Availability
Nationwide
Offer Expires
Limited Time Offer
Bonus Requirements
  1. Open a new business checking account.
  2. Within 10 days, deposit $5,000 into your account and maintain an average account balance of $5,000 for 60 days.
  3. Within 60 days, make 10 or more transactions (mobile deposits, and electronic/online transactions including ACH, Wire, and Bill Payments).
  4. Bonus will be deposited within 8-12 weeks after completing the requirements.

Commonwealth Credit Union : Round UP Checking

Bonus Amount
up to $250
Account Type
Personal Checking
Availability
KY
Offer Expires
Limited Time Offer
Bonus Requirements
  1. Open a new Round UP Checking and Round UP Savings account using the link below.
  2. Enroll in online banking and eStatements.
  3. For the first 90 days, every debit card transaction will be rounded up to the next whole dollar, and the difference will be transferred to your Round UP Savings account. For the first 90 days, Commonwealth CU will match these transfers 100%, up to $250.
  4. 90 day bonus will be credited at the end of the first 90 days. Then, an annual 5% match (again, up to $250) will be paid on the first business day after your account opening anniversary.

Byline Bank : Combo Checking and Savings

Bonus Amount
up to $300
Account Type
Combo Checking and Savings
Availability
IL, WI
Offer Expires
Limited Time Offer
Bonus Requirements
  1. Open a Freedom Checking account and Statement Savings account online.
  2. Enroll in online banking and activate eStatements for both accounts.
  3. For the checking bonus, make direct deposits into your Freedom Checking account totaling $1,000 in any/all of the first 3 statement cycles - earn $50 ea (max $150)
  4. For the savings bonus, maintain an average balance of $5,000 or more in your Statement Savings account in any/all of the first 3 statement cycles - earn $50 ea (max $150).
  5. Each $50 Bonus will be credited to respective accounts within one statement cycle after earning.

Sacramento Credit Union : Free Rewards

Bonus Amount
$150
Account Type
Personal Checking
Availability
CA
Offer Expires
Limited Time Offer
Bonus Requirements
  1. Open a new checking account in the Folsom Branch using the promo code SAVE.
  2. Within 60 days, receive a direct deposit.
  3. Bonus will be credited to your new account on the first business day after 60 days of opening the account.

Hudson Valley Federal Credit Union : Personal Checking

Bonus Amount
up to $750
Account Type
Personal Checking
Availability
NY
Offer Expires
Limited Time Offer
Bonus Requirements
  1. Open a new checking account using the link below.
  2. Within 60 days, enroll in eStatements and Internet Banking and/or Mobile Banking to earn $250.
  3. Within the same 60 days, make $2,000 in debit card purchases to earn an additional $250.
  4. Within the same 60 days, receive $2,500 in direct deposits (cumulatively) to earn the final $250.
  5. Bonus will be credited to your new account within five business days after the 60 day qualification period.

Tradestation : Brokerage Account

Bonus Amount
up to $5000
Account Type
Investment
Availability
Nationwide
Offer Expires
Limited Time Offer
Bonus Requirements
  1. Enroll an existing account or open a new account using promo code CASHAFRV at the url below.
  2. Within 45 days, fund your account.
  3. To receive $50 bonus, fund with $5,000- $24,999; To receive $200 bonus, fund with $25,000- $99,999; To receive $300 bonus, fund with $100,000-$199,999; To receive $600 bonus, fund with $200,000-$499,999; To receive $1,200 bonus, fund with $500,000-$999,999; To receive $2,500 bonus, fund with $1,000,000-$1,999,999; To receive $3,500 bonus, fund with $2,000,000 - $4,999,999; To receive $5,000 bonus, fund with $5,000,000 or more.
  4. Bonus will be deposited into the account the month following the end of the 270-calendar day holding period.

Tradestation : Securities or Crypto Account

Bonus Amount
up to $150
Account Type
Securities or Crypto
Availability
Nationwide
Offer Expires
Limited Time Offer
Bonus Requirements
  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.

Purdue Federal Credit Union : Emergency Savings

Bonus Amount
up to $100
Account Type
Personal Savings
Availability
IN
Offer Expires
Limited Time Offer
Bonus Requirements
  1. Open an Emergency Savings account by phone or at a branch.
  2. Enroll in paperless statements.
  3. Set up an automatic transfer deposit and maintain that recurring deposit for 3 separate months.
  4. At the end of the those 3 months, earn $50 if your balance is $500 or earn $100 if your balance is $1,000.
  5. Bonus will be credited to your account no later than the fifth day of the month immediately following the qualifying (third) month.

Bank of America : Merrill Edge Self-Directed

Bonus Amount
up to $600
Account Type
Investment
Availability
Nationwide
Offer Expires
Limited Time Offer
Bonus Requirements
  1. Open a new Self-Directed Trading account from Merrill Edge using promo code "600ME".
  2. Within 45 days, fund your account with new money from outside Bank of America. To earn a $100 bonus, deposit $20,000-$49,999; To earn a $150 bonus, deposit $49,999-$99,999; To earn a $250 bonus, deposit $100,000-$199,999; To earn a $600 bonus, deposit $200,000 or more.
  3. Maintain that balance for at least 90 days.
  4. Bonus will be deposited within two weeks following the end of the 90 day period.

Credit Union of America : Free Core Checking

Bonus Amount
$200
Account Type
Personal Checking
Availability
KS
Offer Expires
Limited Time Offer
Bonus Requirements
  1. Be a CUA member that works in education or belongs to a healthcare SEG.
  2. Within 90 days, receive a direct deposit of at least $500.
  3. Bonus will be credited to your account within 30 days of meeting requirements.

Presidential Bank, FSB : Checkless Checking

Bonus Amount
$50
Account Type
Personal Checking
Availability
Nationwide
Offer Expires
Limited Time Offer
Bonus Requirements
  1. Open a new Checkless Checking account.
  2. Meet account requirements for the 90 days immediately after the account opening.
  3. Bonus will be deposited directly into the new Checkless Checking account between 90-120 days after account opening.

Altra Federal Credit Union : Personal Checking

Bonus Amount
$190
Account Type
Personal Checking
Availability
CO, MN, NJ, TN, TX, WI
Offer Expires
Limited Time Offer
Bonus Requirements
  1. Open a new A+ Checking, A+ Platinum Checking, or Live Your Life spend account using the promo code CHK_190A+LYL.
  2. Within 30 days, receive a direct deposit of $100.
  3. Bonus will be deposited into your new account within 30 business days of meeting the requirements.

Alcoa Tenn Federal Credit Union : ATFCU Checking

Bonus Amount
up to $200
Account Type
Personal Checking
Availability
TN
Offer Expires
Limited Time Offer
Bonus Requirements
  1. Become a member of Alcoa Teen Federal Credit Union.
  2. Open a new ATFCU checking account.
  3. Within 60 days, set up direct deposit, sign up for eStatements and make 10 Visa Debit Card transactions to earn $150.
  4. Within the same 60 days, set up and pay 1 bill in Bill Pay to earn $50.

Chase Bank : J.P. Morgan Self-Directed Investing [Existing Customers]

Bonus Amount
up to $400
Account Type
J.P. Morgan Self-Directed Investing
Availability
Nationwide
Offer Expires
Limited Time Offer
Bonus Requirements
  1. Enroll and receive your coupon code through our link provided.
  2. Within 45 days, add $25,000 or more in new money by moving cash, transferring securities, or rolling over existing retirement assets from another institution.
  3. Your bonus amount will be determined on day 45 from coupon enrollment as follows: $25,000-$99,999 earn $100; $100,000-$249,999 earn $200; $250,000+ earn $400.
  4. Maintain new money balance in the account for at least 90 days from coupon enrollment (losses due to trading or market fluctuation will not be taken into account).
  5. Bonus will be credited to the account within 15 days of these requirements being met.

Neighborhood Credit Union : Personal Checking

Bonus Amount
$100
Account Type
Personal Checking
Availability
TX
Offer Expires
Limited Time Offer
Bonus Requirements
  1. Open a new personal checking account using the promo code HAPPY100.
  2. Within 60 days, receive a direct deposit of $500.
  3. Bonus will be credited into member's savings account within ninety (90) days if all criteria met.

Summary: Best Bank Promotions and Bonus Offers

Here’s a recap of the current best bank sign up bonuses:

Bank Bank Account Type Amount Expires Requirements
Chase Bank logo Chase Total Checking® Personal Checking $225 Jan 19 Direct Deposit Details
Citi logo Citi Priority Personal Checking up to $1500 Jan 4 Min Balance Details
Chase Bank logo Chase Business Complete Banking℠ Business Checking $300 Jan 20 Min Balance, Card Spend (optional) Details
Acorns logo Acorns Invest [Refer 5 Friends] Acorns Invest $600 Nov 27 Open an Account Details
Aspiration logo Aspiration Zero Personal Credit Card $300 Dec 31 Card Spend Details
Aspiration logo Aspiration Plus Cash $200 Limited Time Offer Card Spend Details
M1 Finance logo M1 Invest Investment up to $150 Nov 30 Min Balance Details
Axos Bank logo Axos Rewards Checking Personal Checking $100 Nov 30 Direct Deposit Details
Axos Bank logo Axos Self-Directed Trading Investment $150 Dec 31 Min Balance Details
Axos Bank logo Axos Self-Directed Trading Investment $100 Dec 31 Min Balance Details

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 Checking 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.

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 your high-yield savings account, which offers a significantly higher Annual Percentage Yield (APY), you might be losing money in the long run.

Generally speaking, big national banks don’t offer the best interest rate on checking account deposits, so take that into account as well.

You also have to pay attention to the monthly fee that might come with your new account.

Even if you’re opening a free checking account, there might be check writing or ATM fees that 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.