$1,000 Bank Bonus Offers (September 2022)

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. Ally Invest – up to $3,000
  4. Chase Sapphire Preferred Card – 60,000 Ultimate Rewards points
  5. Capital One Spark Cash Plus – up to $1,000 cash bonus
  6. HSBC Premier Checking – $500
  7. 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 NameCash BonusTerms to Get Bonus
Citi Priority Account$2,000 (tiered)Deposit $300,000+
Citigold Checking Account$2,000 (tiered)Deposit $300,000+
Ally Invest$1,200Deposit or Transfer $500,000+
Chase Sapphire Preferred Card60,000 Ultimate Rewards pointsEarn 60,000 Ultimate Rewards points after you spend $4,000 in purchases within the first three months
Capital One Spark Cash Plusup to $1,000 cash bonusEarn $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$500Terms 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
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

Learn more about Ally Invest

Chase Sapphire Preferred Card – 60,000 Ultimate Rewards points

Chase Sapphire PreferredThe 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

Capital One Spark Cash PlusIf 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

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.
We may be paid for the content on this site.

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.

👉 Click here to learn more

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.

👉 Click here to learn more

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.

👉 Click here to learn more

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!

👉 Click here to learn more

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.

👉 Click here to learn more

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

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About Jim Wang

Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he's invested in a few pieces of art on Masterworks too.

>> Read more articles by Jim

Opinions expressed here are the author's alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

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