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
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+ |
| Ally Invest | $1,200 | Deposit or Transfer $500,000+ |
| 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 21st 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.
Ally Invest – up to $3,000
Ally Invest is the online stock brokerage account of Ally Bank and they will give you up to $3,000 depending on how much you deposit or transfer into a new account. They are the brokerage I use (though I didn’t get a bonus sadly, I have my account at TradeKing and they acquired TradeKing!).
The bonus is easy to get, just open a new account and deposit or transfer funds from another account. If you transfer, they will even reimburse you up to $150 for the ACAT fee, so the transfer will come at no cost to you (most likely).
The bonus amount is based on this schedule:
| Deposit or Transfer Amount | Your Bonus |
|---|---|
| $10,000 – $24,999 | $100 |
| $25,000 – $99,999 | $250 |
| $100,000 – $249,999 | $300 |
| $250,000 – $499,999 | $600 |
| $500,000 – $999,999 | $1,200 |
| $1,000,000 – $1,999,999 | $2,000 |
| $2,000,000 or more | $3,000 |
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).
HSBC Premier Checking – $500
I think this one isn’t $1,000 but I feel it’s still worth mentioning just in case it tickles your fancy.
- Receive a $500 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete the following qualifying activities.
- Open your new HSBC Premier checking account online, using this offer page, by February 15, 2023.
- Make recurring Qualifying Direct Deposits totaling at least $10,000 per month from a third party to your HSBC Premier checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening.
- You will automatically receive the $500 Welcome Deposit in your new HSBC Premier checking account approximately eight weeks after completing all qualifying activities. It’s that simple.
*A monthly maintenance fee may apply
Restrictions may apply see offer page for full details.
Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.
Get $500 from HSBC Premier Checking
The information, including rates and fees, presented in the review is accurate as of the date of the review. Please refer to issuer website and application for the most current information.
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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:
⭐Citi Priority Account – up to $2000
Citi Priority is offering up to $2000 bonus when you open an account by 1/9/2023. Then, within 20 days of opening your account, deposit at least $10,000 in New-to-Citi® funds and keep it there for 60 days after the 21st day. The bonus amount is based on how much you can transfer but the lowest tier starts at $10,000.
Discover Online Savings Account – $150 or $200
Discover Bank is offering a $150 or $200 bonus when you open your first Discover Online Savings Account with the promotion code WH922 and deposit at least $15,000 into the account within 30 days. You get $150 if you deposit $15,000 or more and $200 if you deposit $25,000.
Bank of America – $100 Bonus Offer
Bank of America offers a $100 Bonus Offer cash bonus if you open a new account and set up and receive qualifying direct deposits totaling $1,000 or more into that account within 90 days of account opening. It has a monthly fee that is easy to have waived.
Chase Total Checking® – $200
Chase Bank will give you $200 when you open a Total Checking account and set up direct deposit within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!
Huntington Bank – up to $300
If you are a resident of Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin then you could get up to $300 from Huntington Bank for opening a new checking account. There are several checking accounts that qualify but they’re great offers if you live in their geographic region.
We will continue to update this post if we find of any massive bank bonuses for you!
