If you live in Oregon, Washington, California, or Idaho, you may be able to take advantage of a promotion being offered by Banner Bank.
The dollar amounts are pretty good for an offer nowadays, given higher interest rates and the hassle of moving over a direct deposit, so this might be a good fit for someone in search of a bonus offer.
This is possible for both new and existing customers.
Who is Banner Bank?
Banner Bank is a regional bank with branches in OR, WA, CA and ID. They are FDIC insured (FDIC #28489) and were founded more than 130 years ago with solid financials (five stars from Bauer Financial) and $16.6 billion in assets.
What they lack in a geographic footprint, they make up for with all their charitable work. In 2020, they supported more than a thousand charitable and community causes within their foot print. They gave over $3.5 million and thousands of volunteer hours. It seems like a great bank to work with.
Banner Bank – up to $500 Bonus
Banner Bank has a new account bundle bonus when you open a checking and savings/money market account at the same time and fund it with sufficient funds.
The offer is a tiered offer with promo code 24BU if you are a new customer:
- Earn $100 when you open a new savings or money market account at the same time as a checking account, deposit $1,000 and setup $25 or more as a monthly auto transfer from a Banner checking account and one of the following:
- Option 1: Earn $400 when you open a new checking account with a minimum balance of $25,000 & set up direct deposit of $1,000 or more.
- Option 2: Earn $100 when you open a new checking account and deposit $1,000 or set up a direct deposit of $1,000 or more.
If you are an existing customer, you can get up to $400 with offer code 24SN:
- Checking option 1: Earn $400 when you open a new checking account, deposit $25,000 and set up direct deposit of $1000.
- Checking option 2: Earn $100 when you open a new checking account, deposit $1,000 or set up direct deposit of $1,000.
- Savings option 1: Earn $400 when you open a new savings or money market account, deposit $25,000 new money and setup $25 or more in monthly auto transfers from a Banner checking account.
- Savings option 2: Earn $100 when you open a new savings or money market account, deposit $1,000 new money and setup $25 or more in monthly auto transfers from a Banner checking account.
Offer is available to residents of OR, WA, CA or ID only.
How does this compare?
If you live within the geographic footprint of Banner Bank, this seems like a fine bank to work with and they have a solid bonus offer. Since it is quite limited, most people will not be able to get an account.
U.S. Bank – up to $450
Earn up to $450 when you open a new U.S. Bank Smartly® Checking account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through 6/18/2026. Member FDIC.
Get started with an initial deposit of $25 within 30 days. Offer may not be available if you are an existing U.S. Bank customer or live outside of the U.S. Bank footprint.Barclays – $200
Barclays Bank will give you a $200 if you open a new savings account and deposit $30,000 within 30 days of opening the account. The savings account also pays a competitive interest rate of 3.75% APY while you wait.
BMO Checking – $400
BMO is offering a $400 bonus* when you open a BMO Checking account and have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening. It is a very straightforward offer that is available nationwide.
*Conditions apply
Capital One 360 Checking – $250
Capital One 360 has a $250 cash bonus when you open a new account and then receive two direct deposits each of $500 or more within 75 days of account opening. Valid for new 360 Checking account customers. If you had a If you had a 360 Checking, Simply Checking, or Total Control Checking account with Capital One on or after January 1, 2022, you are ineligible.
Bank of America – up to $500 cash offer
Bank of America offers a up to $500 cash offer cash bonus if you open a new account and To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct Deposits received in the first 90 days. . It has a monthly fee that is easy to get waived.
