Bank of the West New Account Promotions – $250 or $600 for Checking

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:

Additional terms and conditions apply. See offer page for more 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!

Learn more about this offer

Table of Contents
  1. Bank of the West Checking Bonus — $250
  2. Bank of the West Premier Checking Bonus — up to $600
  3. Bonus Offer Restrictions
  4. How Does This Offer Compare?

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:

  1. You can’t have had an open consumer checking account as of 2/21/2021
  2. You can only get one consumer bonus between 9/1/2019 and 9/29/2021
  3. One individual per residential address
  4. 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.

Other Posts You May Enjoy:

Best Transcription Jobs 2021: Work from Home

Transcription work can be a viable side hustle if you are a fast and accurate typer. Most companies pay per minute of audio transcribed so the faster you can get the work done the more money you will earn.

The 14 Best Places To Sell Used Furniture

Which place is best to sell your used furniture depends on what you want to sell and if you are willing to ship it. If you are selling large household furniture, such as your old couch, local marketplaces like Facebook or OfferUp are probably your best bet. However, if you have high-end specialty items you'll likely need a broader market and have to ship it to the buyer. In this case, you'll want to look into places like Sotheby’s or Chairish. 

Jim Wang

About Jim Wang

Jim Wang is a thirty-something father of three 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 a farm in Illinois via AcreTrader.

Reader Interactions

Leave a Comment:

As Seen In: