Bank Bonuses: What Are They and Are They Worth It?
The amount of the bonus paid will be based on qualifying direct deposits, totaling the amounts listed below plus qualifying transactions as listed below, all completed within 90 calendar days of the account opening date. Some of the banks currently offering checking account bonuses include SoFi, Chase, Citi, Bank of America, and TD Bank. You must receive a total of $1,000 or more in qualifying electronic deposits to your account within 90 calendar days of account opening.
But before you take the plunge, it’s important to make sure you understand what bank promotions are and how they work to help you know if they are worth your while You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Banks are chosen based on consumer interest, and we add banks to our list as needed to ensure we report on the best bank bonuses. Citizens Bank’s current bonuses are relatively good compared to other bonuses we track, and even to the best bank bonuses currently available.
- The changes haven’t directly affected bank bonuses, but it could still be a good time to open a new bank account in case savings account interest rates fall.
- She previously edited content on personal finance topics at GOBankingRates.
- We’re here to help with all of your HSA needs – including eligibility, coverage, debit card access and more.
- Receive a $250 or $500 bonus for each new personal account—or up to $1,000 when you open checking and savings accounts.
- In 2026, checking account bonus offers could land you between $100 and $3,000.
- To qualify, you must deposit at least $100 a month to your account for 12 consecutive months.
Then carefully consider all of your options. If a cash bonus is offered, how you receive the funds will also vary from one bank to the next. You may have to meet certain requirements to qualify for bank bonuses. For example, if a bank offers haha spin casino a new checking account bonus of $150 but you don’t maintain the required minimum balance, you could incur a monthly fee. Yes, Citizens’ promotions are offered across our products.
Here’s how to earn your $600 checking account bonus.
Of course, personal finance is personal so one person’s experience may differ from someone else’s, and estimates based on past performance do not guarantee future results. We work hard to share thorough research and our honest experience with products and brands. We want to help you make personal finance decisions with confidence by providing you with free interactive tools, helpful data points, and by publishing original and objective content. There are more than 405 active bank bonuses in our database right now, and thousands more that have since expired. Should you open checking and savings accounts together?
Three great options. Unlimited possibilities.
Make $1,000 or more in qualifying direct deposits within the first 90 days of offer enrollment. Learn how to avoid the $15 monthly service fee.
Open a new personal checking and savings account, earn up to $1,000.
Tony began his NerdWallet career as a writer and worked his way up to editor and then to head of content on the banking team. She previously edited content on personal finance topics at GOBankingRates. She has over a decade of experience writing and editing for consumer websites. Ruth Sarreal is an editor and content strategist covering consumer banking topics at NerdWallet.
- SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.
- The revenue these partnerships generate gives us the opportunity to pay our great team of writers for their work, as well as continue to improve the website and its content.
- Learn how to avoid the $15 monthly service fee.
- Keep reading to find out answers to commonly asked questions about checking account bonuses and other bank promotions.
- A previous bonus offered new checking customers the opportunity to earn a $200 Chase checking account bonus by opening a Chase Total Checking® account and meeting requirements.
Each provider is evaluated across five weighted categories and 30 subcategories, including checking and savings accounts, certificates of deposit, customer experience, and overdraft services. The information related to Citi checking accounts and Wells Fargo Clear Access Banking has been collected by NerdWallet and has not been reviewed or provided by the issuers or providers of these products or services. A previous bonus offered new checking customers the opportunity to earn a $200 Chase checking account bonus by opening a Chase Total Checking® account and meeting requirements.
What do the best bank bonuses have in common?
If you’re looking to open a high-yield savings account, SoFi and Amex both offer excellent options. See our top picks based on interest rates, fees, ATM access, and more. We identified the 10 best checking accounts that are free to open and maintain. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. Earn $50 or $400 when you sign up and set up eligible direct deposit after opening a new SoFi online bank account.
Read the promotion details above to understand all the rules and requirements to earn the checking account bonus, including a super steep minimum transfer amount that may not be worthwhile. U.S. Bank has historically offered a $450 checking bonus for opening a new account. Banks that offer a checking account bonus to new account holders include Bank of America, BMO, Capital One, Chase, Chime (a nonbank), Citibank, KeyBank, PNC Bank, SoFi Bank, N.A., TD Bank, U.S. Bank and Wells Fargo. You can find the best opportunities available by checking out our list of the best bank bonuses and promotions, updated monthly.
We’ve rounded up additional excellent checking account bonuses and savings account promotions below. The information regarding any product was independently collected and was not provided nor reviewed by the company or issuer. The revenue these partnerships generate gives us the opportunity to pay our great team of writers for their work, as well as continue to improve the website and its content. We do not sell specific rankings on any of our “best of” posts or take money in exchange for a positive review.