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.
Barclays – $200
Barclays Bank will give you a $200 if you open a new savings account and deposit $25,000 or more within 30 days and maintain at least $25,000 for the next 120 days. The savings account also pays a competitive interest rate of 4.35% APY while you wait.
BMO Relationship Checking – $400
BMO Bank is offering a $400 bonus* when you open a BMO Relationship Checking and when you have at least $7,500 in qualifying direct deposits within the first 90 days. It is a very straightforward offer that is available nationwide.
*Conditions apply
Bank of America – $200 Bonus Offer
Bank of America offers a $200 Bonus Offer cash bonus if you open a new account and Set up and receive qualifying direct deposits totaling $2,000 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® – $300
Chase Bank will give you $300 when you open a Total Checking account and set up and receive direct deposits totaling $500 or more 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!
HSBC Premier Checking – up to $4,000
HSBC has an offer where you can get up to $4,000 for eligible new customers who open an HSBC Premier checking account, make a sizable deposit, and make recurring monthly qualifying direct deposits of at least $5,000 for 3 consecutive months.
