Banner Bank Bonus: up to $500 for Checking & Savings Accounts

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.

Table of Contents
  1. Who is Banner Bank?
  2. Banner Bank – up to $500 Bonus
  3. How does this compare?

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.

👉 Learn more about this bonus

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 $700

Earn up to $700 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through June 27, 2024. Member FDIC.

Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.

👉 Click here to learn more

BMO Relationship Checking – $500 Cash

BMO Bank is offering a $500 Cash 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

👉 Click here to learn more

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 new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer. It has a monthly fee that is easy to have waived.

👉 Click here to learn more

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!

👉 Click here to learn more

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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 Empower Personal Dashboard, 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.

>> 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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