47 Best Bank Account Bonus & Promotions (Updated Daily)

Banks used to offer t-shirts and toasters to get new customers to open an account.

Today, they offer bonus money for you to open an account and, in many cases, set up a direct deposit from your employer or government benefits. Some don’t even ask for that.

On this page, I’m going to share the best bank promotions I know about, both checking account offers and savings account offers and bonus sign up offers worth considering. We start with nationwide bonuses but also include a few high dollar bonuses from banks with a smaller geographic footprint.

The minimum promotional bonus is $100 to get on this list and most banks will do a soft pull of your credit report for identity confirmation purposes. Some may do a hard pull but it’s rarer, so check that first if it’s a concern for you.

The list only contains bonuses for personal bank accounts. If you need an account for your business, see our list of business bank account bonuses and promotions.

We share our favorite bonuses and you can scroll down for more details on each bonus:

Best Bank Bonus Offers

We list many on this page because we know you like to see them – but here is a list of the ones we like the most. They are high dollar amounts, widely available (geographically), and from banks you’ve heard of before. There are regional banks on the full list below but this list should have at least one or two (if not more) banks you can do business with:

Bank	Bonus*	Expiration Date	Direct Deposit Required?
🏆 BMO Bank	$250, $400	5/3/2024	Yes
🏆 U.S. Bank	up to $700	6/27/2024	Yes
Barclays	$200	5/3/2024	No
KeyBank	$200	7/19/2024	Yes
Bank of America	$200 Bonus Offer	5/31/2024	Yes
Truist	$400	6/26/2024	Yes
Chase	$300	4/17/2024	Yes
PNC Bank	up to $400	4/30/2024	Yes
SoFi Money	up to $300	6/30/24	Yes
Axos Bank	$300	6/30/2024	Yes

*Terms and conditions of each offer will apply

Table of Contents

1. 🏆 BMO Bank
1. BMO Smart Advantage Checking — $250 Bonus
2. BMO Smart Money Checking — $250 Bonus
3. BMO Relationship Checking — $400 Bonus
2. 🏆 U.S. Bank Smartly® Checking and Standard Savings – up to $700
3. Barclays – $200
4. KeyBank Checking Account — $200
5. Bank of America — Cash Bonus Offer
6. Truist Bank — $400
7. Chase Total Checking® — $300
8. Chase Secure Banking^℠ — $100
9. Chase Private Client – up to $3,000
10. PNC Bank — up to $400
11. Citi Checking with Enhanced Direct Deposit — $300
12. SoFi Checking & Savings — up to $300
13. Axos Bank Rewards Checking – $300
14. Fifth Third Bank — $200
15. PSECU – $300
16. Wells Fargo Checking Account — $325
17. American Express® Rewards Checking – $250
18. Laurel Road – up to $340
19. Citizens Bank — up to $400
20. Capital One 360 Checking – $250
21. First Horizon Checking Bonus – $450
22. Flagstar Bank — $250 or $350
23. Old National Bank — $250 or $450
24. South State Bank — $200
25. Alliant Ultimate Opportunity Savings Account – $100
26. Associated Bank Checking — up to $600
27. Santander Select Checking — $400
28. Regions Bank — $100
29. M&T Bank Checking — $00
30. GTE Financial – $200 [EXPIRED]
31. Fulton Bank Simply Checking — $250
32. FirstBank Bloom — $300
33. Marcus by Goldman Sachs — $100 [EXPIRED]
34. Columbia Bank Cash Back Checking — $300
35. Unify Financial Credit Union — $150
36. Conclusion

The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

This content is not provided by the bank advertiser. Opinions expressed here are the author’s alone, not those of the bank advertiser.

🏆 BMO Bank

BMO Smart Advantage Checking — $250 Bonus

BMO Bank is offering a $250 bonus* when you open a BMO Smart Advantage Checking account and have at least $4,000 or more qualifying direct deposits within the first 90 days. It is a very straightforward offer that is available nationwide.

The BMO Smart Advantage Checking account is great because there is no monthly fee if you used Paperless Statements.

*Conditions apply

Accounts are subject to approval. BMO Bank N.A. Member FDIC

👉 Learn more about this offer

(Offer expires 5/3/2024)

BMO Smart Money Checking — $250 Bonus

There is also the BMO Smart Money Checking account with a $250 cash bonus* when you open an account and have at least $4,000 or more qualifying direct deposits within the first 90 days. There are no overdraft fees or NSF fees*. No minimum balance required and no monthly maintenance fee if you’re under 25 years old.

Available nationwide.

*Conditions apply

Accounts are subject to approval. BMO Bank N.A. Member FDIC

👉 Learn more about this offer

(Offer expires 5/3/2024)

BMO Relationship Checking — $400 Bonus

If you receive a larger paycheck, BMO Bank will give you a $400 bonus* when you open a BMO Relationship Checking account and when you have at least $7,500 in qualifying direct deposits within the first 90 days. There are no additional requirements, it’s just a higher direct deposit total amount over the 90 days.

The account does have a $25 waivable monthly maintenance fee with unlimited non-BMO Bank ATM transactions plus $25 monthly rebate on ATM fees from other banks and a Relationship Package that provides increasing rewards across multiple products sets the deeper your relationship is with the bank. Also available nationwide.

*Conditions apply

Accounts are subject to approval. BMO Bank N.A. Member FDIC

👉 Learn more about this offer

(Offer expires 5/3/2024)

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Barclays – $200

Barclays is offering a $200 bonus for new customers.

Open a new Savings account, deposit $25,000 or more within 30 days and maintain at least $25,000 for the next 120 days.

After you’ve maintained the balance for 120 days, the bonus will be deposited in approximately 60 days. There is no direct deposit requirement.

We like this offer because you get the bonus in addition to a competitive high yield interest rate of 4.35% APY. A lot of high deposit bonus offers don’t pay any interest.

Terms Apply.

👉 Learn more about this offer

(Offer expires 5/3/2024)

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KeyBank Checking Account — $200

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Truist Bank — $400

Truist Bank will give you $400 when you open up a new Truist Bright, Truist Fundamental or Truist Dimension checking account. If you recall, Truist Bank is the new name of the banka fter the SunTrust and BB&T merger.

To get the $400, you must open a new account and then receive two qualifying direct deposits totalling $1,000 or more within 90 days of account opening.

Open to residents of AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC. You cannot have an existing personal checking account with Truist Bank or have closed one on or after 7/26/22

The promotional code for this offer is TRUIST400AFL24 and you can open it online or in a branch by requesting a coupon.

There is a $50 monthly fee on these accounts but you can get it waived.

(Offer expires 6/26/2024)

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Chase Total Checking® — $300

Chase has long been tops in promotional offers and their richest offer accessible to most consumers is the Chase Total Checking account. You haven’t seen high dollar bonuses until you’ve seen a Chase bank promotion! I’ve previously covered it on our Chase promotions page.

To get the $300, open a new account, set up, and set up and receive direct deposits totaling $500 or more within 90 days. and you’ll be awarded the bonus within 15 business days. You must keep the account open for at least six months or they take back the bonus.

There is a $12 monthly service fee that is waived if you have a monthly direct deposit of $500+ or keep a minimum daily balance of $1,500 or have $5,000+ in any combination of qualifying Chase checking, savings, and other balances.

For this and other Chase bank promo offers, you can open your account online or request a coupon and bring it to a physical location to open your account.

Available online nationwide. For branch locations, visit locator.chase.com.

👉 Open an Account

Chase Secure Banking^℠ — $100

Chase Secure Banking will give you $100 when you open an account and satisfy the qualifying activities. Those activities are to complete 10 qualifying transactions within 60 days of enrollment – the activities include debit card purchases, online bill payments, Chase QuickDeposit^SM, Zelle® and ACH credits. Your bonus will appear within 15 days of completing these.

There is no minimum deposit requirement and no direct deposit requirements for this offer but you must keep the account open for at least six months after coupon enrollment or they will deduct the bonus.

There is a $4.95 monthly fee.

👉 Get $100 from Chase Secure Banking

Chase Private Client – up to $3,000

Chase Private Client has a bonus of up to $3,000 when you open a new Chase Private Client Checking^SM account with qualifying activities.

The bonus is based on how much you deposit.

Deposit Amount	Bonus Amount
$150,000 – $249,999	$1,000
$250,000 – $499,999	$2,000
$500,000 or more	$3,000

Within 45 days of enrollment, transfer qualifying new money or securities to a combination of eligible checking, savings and/or J.P. Morgan Wealth Management non-retirement accounts. This eexcludes Chase business checking and savings accounts, any J.P. Morgan Self-Directed Investing & Automated Investing, J.P. Morgan Personal Advisors Accounts, J.P. Morgan Wealth Management retirement accounts and CDs.

Your bonus will be determined on day 45. Then, maintain your new money for 90 days from coupon enrollment and it will be added to your account within 40 days.

👉 Learn More about Chase Private Client

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Laurel Road – up to $340

Laurel Road is best known for their student loans but did you know they have a bonus on their Laurel Road Loyalty Checking account?

First, you can earn $200 when you open an account and make qualifying ACH direct deposits totaling $2,500 or more within 60 days.

Then, you continue earning a $20 cash reward for every month you make qualifying ACH direct deposits during the first 12 months, and $10 for every month after that for as long as you have the account.

That’s up to $340 in your first year and you continue to get $10/month after that.

👉 Learn more about this offer

(This offer expires 4/4/2024)

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Citizens Bank — up to $400

Citizens Bank will give you up to $400 to open a checking account and satisfy a few conditions. This offer is available in Connecticut, Delaware, Florida, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, and Washington D.C..

The deal is a few steps – first, open a new Citizens Bank checking account and you get $300 when you

• receive one or more direct deposits of $500 or more within 60 days and get $300;
• earn $2 for every debit card purchase you make, up to $100, within 60 days

.

That’s how you get up to $400.

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Capital One 360 Checking – $250

Capital One has a $250 bonus for a new Capital One 360 Checking Account that is super easy to get. Just open an account by at an unknown date, they did not list one with the promotion code REWARD250.

Then, 2 direct deposits each of $500 or more within 75 days of account opening and you’ll get $250 in your account. That’s it.

Valid for new 360 Checking account customers. If you had a 360 Checking account with Capital One on or after January 1, 2022, you are ineligible.

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First Horizon Checking Bonus – $450

First Horizon has a really simple offer where you can get $450 if you open an account and maintain an average daily collected balance of $5,000 in your total deposit balance AND make a minimum of 10 qualifying transactions for each statement cycle for the first three full statement cycles. A qualifying client-initiated transaction spans a lot of different transactions, including deposits, checks paid, ACH items, and signature and PIN-based purchases made with a First Horizon Debit Card.

This offer is available in LA, NY, SC, TX, TN, AR, MS, AL, GA, KY, FL, NC and VA. There is a $2 monthly fee but easily waived if you opt for electronic statements plus you need to keep the account open for six months or you forfeit the bonus.

👉 Learn more about this offer

(Offer expires 4/30/2024)

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Flagstar Bank — $250 or $350

Flagstar Bank has a promotion on their checking accounts and it’s relatively easy to complete, as long as you live in their service area of AZ, CA, FL, IN, MI, NJ, NY, OH, or WI.

To get $250, open a Flagstar Ready Checking account and then maintain an average daily balance of $500 or more for the first 90 days. Then, set up one or more direct deposits that total $500 or more within the first 90 days.

The Flagstar Ready Checking account requires a $50 minimum deposit to open the account but there is no minimum balance requirement. It has no monthly maintenance fee when you enroll in e-statements.

To get $350, open a Flagstar Elite Checking account and then maintain an average daily balance of $500 or more for the first 90 days. Then, set up one or more direct deposits that total $500 or more within the first 90 days.

The Flagstar Elite Checking account also requires a $50 minimum deposit to open the account but there is no minimum balance requirement. It does, however, have a $15 monthly maintenance fee that is only waived if you maintain a $25,000 combined monthly average balance in all of your deposit accounts.

Finally, you must keep the account open for 180 days or you forfeit the bonus.

👉 Learn more about this promotion
(Offer expires 4/30/2024)

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Old National Bank — $250 or $450

Old National Bank has two offers available and the amount of the bonus depends on the total of 2+ direct deposits made over 90 days.

The higher bonus of $450 bonus is for their ONB Preferred Checking account or ONB Everyday Checking account. It requires that you make two or more ACH direct deposits totaling $10,000 or more within 90 days of account opening.

If that amount is too high, you can still get a $250 when you open a ONB Preferred Checking or an Everyday Checking and make two or more ACH direct deposits totaling $2,000 or more.

There is a monthly service charge on both accounts that can be waived if you meet certain requirements. On the ONB Preferred Checking account, it is waived if you have a $5,000 daily balance or maintain a $25,000 combined minimum daily balance among your deposit accounts. For the ONB Everyday Checking, you can get the fee waived if you maintain $500 in direct deposits each month, maintain a daily balance of $750, or maintain a combined daily balance of $1,500 in deposit accounts.

There is a $50 minimum opening deposit.

👉 Get $250 or $450 from Old National Bank
(Offer expires 5/31/2024)

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South State Bank — $200

South State Bank has an offer of $200 and you just have to satisfy one of two conditions with 60 days:

1. make a minimum of 15 debit card purchases or payments, or,
2. Have a monthly total of $250 qualifying direct deposit OR preauthorized automatic draft(s) of $25.

You cannot be a current owner or joint owner of a SouthState personal checking account, or have been an owner or joint owner of a SouthState personal checking account in the past 12 months.

You must also be a resident of Alabama, Florida, Georgia, North Carolina, South Carolina, or Virginia.

👉 Get $200 from South State Bank

(No offer expiration date shown)

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Associated Bank Checking — up to $600

Associated Bank has a promotion associated with their three tiers of checking and savings account – the Associated Access Checking, Associated Balanced Checking, and Associated Choice Checking. Just open an account with the required minimum balance (shown below) and get a bonus based on how much you have in your account after 60 days for a period of 30 days.

For the Associated Access Checking, you need to open it with at least $25.
For the Associated Balanced Checking, you need to open it with at least $100.
For the Associated Choice Checking, you need to open it with at least $100.

Then, after 60 days, get a bonus based on your average daily balance over days 61-90:

• For amounts $1,000 to $4,999.99 – you earn $300;
• For amounts $5,000 to $9,999.99 – you earn $400;
• For amounts over $10,000 – you earn $600;

Check the fees on each of those accounts because they will vary.

You can get an additional $200 when you open a new Associated Relationship Savings account along with the checking account.

Available for residents of IA, IL, IN, KS, MI, MN, MO, OH or WI.

👉 Learn more
(Offer expires 3/31/2024)

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Santander Select Checking — $400

Santander has a new bank account bonus that residents of the northeast United States may be interested in! Open a Santander Select Checking account with the promotion code that is shown after you enter your email address (you have to enter your first and last name plus an email address, then it shows a unique code).

Then, just satisfy a few conditions to get $400 from Santander Bank.

The conditions are easy:

• get $400 by having direct deposits totaling $5,000 or more in your account within the first 90 days;,
• keep the account open for at least 90 days,
• get paid!

You can’t be a current checking customer of Santander Bank or had a checking account in the last 12 months. There is also a $25 monthly fee that is waived if you have $25,000 in bank deposits and eligible investments held with Santander Investment Services (check the fine print for full details).

Available to residents of NH, MA, RI, CT, DE, NY, NJ, PA, or FL.

👉 Learn more about this offer

(Offer expires 7/1/2024)

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Regions Bank — $100

Regions Bank has a promotion for their LifeGreen checking account. You can can get up to $100.

The $100 is structured as an annual savings bonus. Open a new Regions LifeGreen checking account or LifeGreen Savings account and earn a 1% annual savings bonus of up to $100 when you have an automatic transfer of at least $10 from your Regions checking account to your LifeGreen Savings account is required in at least 10 of any of the 12 calendar months that precede the month of your account opening anniversary. The bonus is calculated on the average monthly balance for the 12 calendar months that precede your anniversary month.

Available to residents of AL, AR, FL, GA, IL, IN, IA, KY, LA, MS, MO, NC, SC, TN, and TX. Make sure to read the terms very carefully to ensure you qualify.

👉 Learn more
(Offer expired not displayed)

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M&T Bank Checking — $00

M&T Bank is offering a new account promotion that’s easy to get. Open a new checking account and set up qualifying direct deposits totaling at least $1,000 within 90 days of account opening. The bonus you get is based on the account type you open. You’ll get the bonus deposited within 90 days of the direct deposit.

This offer isn’t nationwide, go to the promotional webpage and enter your ZIP code to see if you qualify and for what amounts.

M&T Bank has branches in CT, DC, DE, MA, MD, ME, NH, NJ, NY, PA, VA, VT, WV.

👉 Learn more
(Offer expires 5/31/2024)

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Fulton Bank Simply Checking — $250

Fulton Bank has a $250 promotion on their Simply Checking account.

For $250, open a Simply Checking account and set up a recurring direct deposit totaling $500 or more within 60 days.

The Simply Checking account has no monthly maintenance fees, no minimum balance, no minimum transaction requirements, and the Relationship Rewards Visa® Debit Card has no annual fee. You can open an account with just $25.

Available to residents of Delaware, Washington D.C., Maryland, New Jersey, Pennsylvania, and Virginia.

👉 Get $250 from Fulton Bank
(Offer expires 6/30/2024)

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FirstBank Bloom — $300

FirstBank, with branches in Colorado, Arizona, and California; is offering a $300 bonus if you open a FirstBank Bloom Package with very simple requirements.

• Just open a Bloom package between now and July 1, 2024,
• Enroll in online banking,
• Have at least one qualifying direct deposit of $500 or more for 3 consecutive months.

You can enroll online or bring it to a branch to open. The direct deposit must be payroll, pension, Social Security or other recurring government benefits and must be a single direct deposit. You must keep the account open for at least 12 months or the bonus “can be revoked.”

👉 Learn more
(Offer expires 7/1/2024)

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Marcus by Goldman Sachs — $100 [EXPIRED]

Marcus by Goldman Sachs is offering a bonus on their online savings account – they will give you $100 when you deposit $10,000 or more in new funds into a new or existing Online Savings Account within 10 days of enrollment.

This can be a new or existing account but the funds have to new to Marcus and then stay there for at least 90 days. If you have an existing account, you must add an additional $10,000 to the current balance at the time of enrollment.

A nice perk is that this account pays interest – 4.50% APY – not fantastic but better than zero!

👉 Learn more about about this offer
(Offer expires 2/15/2023)

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Columbia Bank Cash Back Checking — $300

Columbia Bank will give you up to a $200 bonus when you open a new Cash Bank Checking checking account and have verified ACH credits totally $1,000+ within 60 days. The bonus will be credited within 60 days after you satisfy the conditions. You can open an account online or open in a branch.

You can get an additional $100 cash credit to your account after you’ve made $10 qualifying transactions (ATM withdrawal do not count) with your Columbia Bank debit card within 60 days.

You can avoid the $9 monthly service fee if you make at least 10 point of sale debit card transactions or maintain at least a $500 daily balance.

👉 Learn more

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Unify Financial Credit Union — $150

Unify Financial Credit Union will give you up to $150 if you open up a qualifying UNIFY Checking Account. It’s a free checking account with no minimum balance fees or a direct deposit requirement. When you join, you also get a complimentary membership to the Surfrider Foundation or Friends of Hobbs. You can apply online but have to meet the membership requirements.

The bonus has several tiers:

• Get $50 just for opening a new checking account (excluding Right Start Checking and Right Start Debit)
• Get another $50 when you set up a recurring ACH Direct Deposit of at least $500 each month within 60 days
• Then, get an additional bonus up to $50 by earning $1 bonus for each debit card transaction that exceeds $5 with your new UNIFY Visa Debit Card within the first 60 days of account opening (maximum bonus of $50).

👉 Learn more

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How do we pick what banks appear in the list? If the bonus is greater than $100 and it’s a reasonably large geographic footprint, we include it on the list. We want to show bonuses that most people can get either by visiting a branch or completing online.

We don’t have an interest in a $20 bonus for a small regional bank only a handful of people will be interested in it. Sadly, few credit unions on this list because I haven’t seen any offer bonuses. I’ve also stuck with cash bonuses, rather than other giveaways like tickets because it’s easier to compare and has broader appeal.

The expired list of promotions is there to give you an idea of what was once available. Some banks run promotions all year, rolling over the expiration date every quarter or so. Some banks run them seasonally. I keep the expired list around so you have an idea of what that bank may have offered in the past.

Conclusion

Free money is great but there are some things to pay very close attention to when it comes to bank promotions.

First, check out our guide on bank account bonuses. It’ll give you a sense of what you need to do to make sure you get your bonus money. Sometimes banks can get sneaky so learn the rules of what you need to ensure they don’t hose you.

Also, make sure you find a bank that gives you all the services you need. Bonus money is a nice sweetener but you still need a bank that gives you exactly what you need.

OK go get that bonus money!

👉 This blog post is also available as a Web Story – “Best Bank Account Promotions.”

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