$1,000 Bank Bonus Offers (February 2023)

Are you looking for a bank that will give you over a thousand dollars to open an account?

Banks usually go one of two ways when it comes to bank bonuses – they require you to set up a direct deposit OR you can move over a large sum of money and hold it there for a few months.

A lot of banks will offer you a few hundred dollars to move your direct deposit, but for the truly big money – we’re talking thousands of dollars – they want you to move over a large sum. If you have a bit of cash sitting around, you could get even more.

Maybe you just sold something big – a business, a house, another major asset – and you need to hold that cash somewhere safe for a few months before you do something with it (buy another house, business, or major asset!).

Whatever the case, it’s possible to make extra cash with some of these bank offers:

Table of Contents

1. Citi Priority Account — up to $2000
2. Citigold® Checking Account — up to $2000
3. M1 Finance – up to $10,000
4. Firstrade – up to $4,000
5. Tastyworks – up to $2,000 cash
6. Capital One 360 Performance Savings – up to $1,000
7. Chase Sapphire Preferred Card – 60,000 Ultimate Rewards points
8. Capital One Spark Cash Plus – up to $1,000 cash bonus
9. HSBC Premier Checking – $500
10. Other Bank Bonuses

Here’s a summary of the bonus details below.

The table lists the lowest tier above $1,000 and what it takes to get that bonus. In some of the deals, like Ally Invest, there are even higher tiers but this table lists just the lowest above-$1,000 tier and the requirements.

We included some credit cards in this list too, since you can get a bonus of over $1,000, so the terms are usually spend related, rather than deposit related.

Bank Name	Cash Bonus	Terms to Get Bonus
Citi Priority Account	$2,000 (tiered)	Deposit $300,000+
Citigold Checking Account	$2,000 (tiered)	Deposit $300,000+
M1 Finance		Deposit or Transfer $50,000+
Chase Sapphire Preferred Card	60,000 Ultimate Rewards points	Earn 60,000 Ultimate Rewards points after you spend $4,000 in purchases within the first three months
Capital One Spark Cash Plus	up to $1,000 cash bonus	Earn $500 once you spend $5,000 in the first 3 months and and another $500 once you spend $50,000 in the first 6 months of account opening
HSBC	$500	Terms below

Citi Priority Account — up to $2000

Our first offer comes from Citi®.

The Citi Priority Account is the top offer we have available for this – they are offering up to $2000 when you open an eligible checking account and:

• Within 20 days of opening, deposit the minimum amount of new-to-Citi® funds.
• Maintain a minimum balance for 60 consecutive calendar days from the 21^st day.
• If your balance falls to a lower tier at any point during the maintenance period, the bonus changes.
• Bonus will be paid within 30 days after you successfully complete all required activities.

The bonus amount will vary based on the amount you deposit, it’s a tiered bonus based on this schedule:

Minimum Deposit And Minimum Balance	Cash Bonus
$10,000 - $29,999	$200
$30,000 - $74,999	$500
$75,000 - $199,999	$1,000
$200,000 - $299,999	$1,500
$300,000 and above	$2,000

The Citi Priority Account does have a $30 monthly service fee if you do not maintain a combined average monthly balance of $30,000+ in eligible linked deposit, retirement and investment accounts. You’ll want to avoid that but if you get the big bonus, you’re already avoiding this.

Member FDIC.

➤ Learn more about the Citi Priority Account offer

This content reflects the author’s opinion, analysis and/or assessment and is that of the author’s only. This content has not been provided or reviewed by Citi.

Citigold® Checking Account — up to $2000

Much like the offer above, you can opt for a Citigold® Checking Account too. Just deposit $10,000 or more in New-to-Citi funds in eligible linked accounts within 20 days and then maintain that balance for 60 days following the 21st day.

Again, much like the above bonus offer, the bonus you earn is based on the amount you deposit.

Minimum Deposit And Minimum Balance	Cash Bonus
$10,000 - $29,999	$200
$30,000 - $74,999	$500
$75,000 - $199,999	$1,000
$200,000 - $299,999	$1,500
$300,000 and above	$2,000

The cash bonus will be deposited to your open, eligible account within 30 calendar days after you complete all required activities.

So long as you have not owned a Citi checking account in the last 180 days, are at least 18 years old, and furnish or have a valid Form W-9 or Form W-8BEN on file with Citi® and are not subject to backup withholding, you can participate in the Welcome Checking Cash Bonus Offer in select markets.

M1 Finance – up to $10,000

M1 Finance is self-directed robo-advisor that facilitates investing by letting you invest in “pies,” or baskets of stocks. You can build your own pie or pick from one of several “Expert Pies” based on your risk tolerance and investment goals. The most surprising part is that it’s completely free, they make money through other financial products (interest on margin, transaction fees on their debit card) and sale of order flow (same as Robinhood and other free brokerages).

They have a new account bonus based on how much you deposit:

Deposit Amount	Your Bonus
$50,000 – $249,999	$250
$250,000 – $499,999	$1,000
$500,000 – $999,999	$2,000
$1,000,000 – $1,999,999	$4,000
$2,000,000 or more	$10,000

Here is our full M1 Finance review for more on the service.

Learn more about M1 Finance

Firstrade – up to $4,000

Firstrade has a limited time promotion available until November 10th, 2022 – you can get up to $4,000 cash when you open and fund your account with more than $5,000. Firstrade is a brokerage based out of Flushing New York and they’ve been in business since 1985.

They offer commission free trades on all trades – stocks, options contracts, ETFs, mutual funds, bonds – plus no deposit minimums and no hidden fees.

Here is their bonus schedule:

Deposit or Transfer Funds	Cash Bonus
$5,000 – $9,999	$50
$10,000 – $24,999	$100
$25,000 – $99,999	$300
$100,000 – $499,999	$700
$500,000 – $999,999	$1,500
$1,000,000 – $1,499,999	$3,000
$1,500,000+	$4,000

This bonus is only available for a limited time so if you’re considering Firstrade, I’d get it before it expires on November 10th, 2022!

Learn more about Firstrade
(Offer expires 11/30/2022)

Tastyworks – up to $2,000 cash

Tastyworks has a simple promotion – open and fund a new Tastyworks account and transfer in funds to get up to $2,000 in cash. This is valid for new Tastyworks customers and existing Tastyworks customers as long as they have not yet funded an account:

The bonus is based on the amount transferred:

• Deposit $5K – $24,999 for a $100 cash bonus
• Deposit $25K – $99,999 for a $500 cash bonus
• Deposit $100K+ for a $2,000 cash bonus

The referral/promotion code for this offer is “TIERED_2022” and you must put it in the Referral Code Field when applying.

Learn more about Tastyworks
(Offer expires 3/31/2023)

tastyworks, Inc. (“tastyworks”) has entered into a Marketing Agreement with Jim Wang Enterprises, LLC (“Marketing Agent”) whereby tastyworks pays compensation to Marketing Agent to recommend tastyworks’ brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastyworks and/or any of its affiliated companies. Neither tastyworks nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website. tastyworks does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website.

Capital One 360 Performance Savings – up to $1,000

Capital One has a tiered bonus on their Performance Savings account. Open an account and deposit at least $10,000 in new funds into the account and keep it there for 90 days. The promotional page shares a promo code of FALL22 so make sure you enter that in if it’s not automatically populated.

This bonus is tiered based on how much you transfer into your account within 15 days (from an external account):

• Earn a $100 bonus when you deposit $10,000 - $49,999,
• Earn a $500 bonus when you deposit $50,000 - $99,999,
• Earn a $1,000 bonus when you deposit $100,000 or more.

Anyone who has NOT had a 360 Performance Savings, 360 Savings, 360 Money Market, Savings Now or Confidence Savings account as a primary or secondary account holder with Capital One on or after January 1, 2019.

Learn more about Capital One 360
(Offer expires 12/14/2022)

Chase Sapphire Preferred Card – 60,000 Ultimate Rewards points

The Chase Sapphire Preferred card has a great welcome bonus – earn 60,000 Ultimate Rewards points after you spend $4,000 in purchases within the first three months.

Normally, Chase Ultimate Rewards points are worth about a penny a piece but when you have the Chase Sapphire Preferred Card, your points are worth 25% more when you use their travel portal. This means the value is about a thousand dollars once you factor in that bump up.

The card is also solid as a daily use card (it’s our primary credit card) because the cashback rewards schedule is so favorable. I go into greater detail in our review of whether the Chase Sapphire Preferred card is worth it.

It has an annual fee of $95.

👉 Learn more about Chase Sapphire Preferred card

Capital One Spark Cash Plus – up to $1,000 cash bonus

If you run a business, you may be interested in the Capital One Spark Cash Plus. With this card, you can earn up to $1,000 cash bonus after you spend $500 once you spend $5,000 in the first 3 months and and another $500 once you spend $50,000 in the first 6 months of account opening.

This card has an annual fee of $150!

Best of all, you earn unlimited 2% cash back on every purchase, with no limits. This makes a strong case for it to be your standard business card (for at least a little while).

👉 Learn more about this card

Other Bank Bonuses

As you can see, there aren’t a lot of $1,000 bonuses. It’s a lot of money and so banks make the requirements quite difficult to achieve – but it’s possible!

But at the next level, at just a few hundred dollars, there are many deals.

Here are some other popular bank bonuses, many of which are far less than $1,000, but still worth checking out:

We will continue to update this post if we find of any massive bank bonuses for you!