Editor’s Note: As of April 3rd, 2021, Bank of the West is no longer offering this new account bonus. For more bonuses, check out our post on the best bank bonuses and promotions or click here to sign up for our email newsletter and get notified of new bank promotions.
Bank of the West is a regional bank with an enormous footprint in the Midwest and Western United States. With over 600 branches and 9,000 employees, it’s headquartered in San Francisco and is a subsidiary of financial giant BNP Paribas.
Bank of the West is FDIC insured up to $250,000 under FDIC certificate #3514 as a State Chartered Bank and regulated by the FDIC.
They often run some good promotions and there are currently two offers available, one for $250 and one for $600, here are the details:
Bank of America $100 New Checking Account Bonus Offer
For new checking customers, Bank of America has a $100 cash bonus offer. To qualify, open an account through the promotional page by June 30th, 2021 and set up and receive at least 2 qualifying direct deposits of $250 or more into that account within the first 90 days of opening.
This is a limited time offer!
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Bank of the West Checking Bonus — $250
Bank of the West has a checking account bonus of $250 when you open an Any Deposit Checking account (except for UCB Student Checking and Bank of the West Premier Checking) with any opening deposit amount (a penny or more).
Then, set up a direct deposit with your employer or benefits provider and make direct deposits totaling $1,000 or more per month for three months in a row by 8/31/2021. That’s the only requirement – after that, you get the bonus.
The account has a $10 monthly fee that you can waive if:
- You make any deposit per statement cycle (this can be using the mobile app, in-branch, via ATM, or directly into the account)
- You are under the age of 25
Otherwise, no minimum balance and it takes just ten minutes to open the account.
You can open an account online (it’ll enter the promo code automatically) or go into a branch but you must be a resident of Arizona, California, Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Utah, Washington, Wisconsin or Wyoming.
Learn more about the Bank of the West promotion
(Offer expires 4/2/2021)
Bank of the West Premier Checking Bonus — up to $600
This offer is higher because the requirements are a bit higher.
First, you get $500 when you open a Premier Checking account by 4/23/2021 and deposit at least $25,000 that same month and maintain a $25,000 average monthly balance for three full calendar months.
Then, you get an additional $100 when you open a Choice Money Market Savings account by 4/23/2021. You must deposit a minimum of $10,000 in funds new to Bank of the West and maintain an average monthly balance of $10,000 for three full calendar months to get the extra $100.
The Premier Checking has a $25 monthly service charge that is waived for the first two statement cycles. It’s also waived with a $25,000 average monthly combined balance, which you’ll meet if you meet the bonus requirements.
You can open an account online (it’ll enter the promo code automatically) or go into a branch but you must be a resident of Arizona, California, Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Utah, Washington, Wisconsin or Wyoming.
Learn more about the Bank of the West promotion
(Offer expires 4/23/2021)
Bonus Offer Restrictions
There are a few restrictions on both offers:
- You can’t have had an open consumer checking account as of 2/21/2021
- You can only get one consumer bonus between 9/1/2019 and 9/29/2021
- One individual per residential address
- Must keep the account in open status and with a positive balance as of 8/31/2021
How Does This Offer Compare?
This is an above average bonus for a checking account with no minimum and no maintenance fee (with a direct deposit), you typically see offers like this at around the $200 – $250 range so this offer is good.
Axos Bank – $100
Axos Bank has a great promotion where you can get $100 when you open a high yield savings account and an Essential Checking account using promotion code GET100. The high yield savings account has a $250 minimum deposit. On the checking account, you have to receive direct deposits totaling $1,000 or more within 60 days.
Click here to see how you can get $100 from Axos Bank.
Wells Fargo – $200
Wells Fargo has a nationwide promotion of $200 for a new checking account when you open a new checking account with at least $25 and receive a total of $2,000 or more in qualifying direct deposits into the new checking account within 90 days from account opening.
You can learn more about the Wells Fargo promotions to see how to get it.
SoFi Money – $50 – $100
SoFi Money will give you $50 if you open an account and deposit $500. The bonus is small but the requirements are so simple that I had to list it first.
If you are willing to set up a deposit of $500 or more, you can get a bonus of up to $100.
These bonuses are so easy to get. Learn more about SoFi promotions here.
Bank of America – $100
Bank of America offers a $100 cash bonus if you open a new account and receive at least 2 qualifying direction deposits of at least $250 within the first 90 days. It has a monthly fee that is easy to have waived, you can learn more about this offer here.
U.S. Bank – $250
U.S. Bank has a $250 checking account bonus if you open an account and then two or more recurring direct deposits within 60 days of account opening and be enrolled in e-statements by April 14, 2021 and be enrolled in e-statements. More details on this and other U.S. Bank offer here.
If you can get this Bank of the West promotion, it’s a solid offer that’s easy to satisfy.
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