47 Best Bank Account Bonus & Promotions (Updated Daily)

Banks used to offer t-shirts and toasters to get new customers to open an account.

Today, they offer bonus money for you to open an account and, in many cases, set up a direct deposit from your employer or government benefits. Some don’t even ask for that.

On this page, I’m going to share the best bank promotions I know about, both checking account offers and savings account offers and bonus sign up offers worth considering. We start with nationwide bonuses but also include a few high dollar bonuses from banks with a smaller geographic footprint.

The minimum promotional bonus is $100 to get on this list and most banks will do a soft pull of your credit report for identity confirmation purposes. Some may do a hard pull but it’s rarer, so check that first if it’s a concern for you.

The list only contains bonuses for personal bank accounts. If you need an account for your business, see our list of business bank account bonuses and promotions.

We share our favorite bonuses and you can scroll down for more details on each bonus:

Discover Bank Logo

💰 Discover Online Savings Account – $150 or $200

Discover Bank is offering a $150 or $200 bonus to open your first Online Savings Account. Just open it with the code WH323 by 3/15/2023 and then deposit at least $15,000 to get the lowest bonus amount. Deposit $25,000 to get the higher amount.

Learn more about this offer

Best Bank Bonus Offers

We list many on this page because we know you like to see them – but here is a list of the ones we like the most. They are high dollar amounts, widely available (geographically), and from banks you’ve heard of before. There are regional banks on the full list below but this list should have at least one or two (if not more) banks you can do business with:

BankBonus*Expiration
Date
Direct Deposit
Required?
Bank of America$100 Bonus Offer6/30/2023Yes
Citi®up to $20004/4/2023No
Discover$150 or $2003/15/2023No
Chase$2001/25/2023Yes
U.S. Bankup to $6002/7/2023Yes
BMO Harris$200, $3505/12/2023Yes
PNC Bankup to $40010/31/2022Yes
Albert$150None shownYes
Citizens Bankup to $4001/20/2023Yes

*Terms and conditions of each offer will apply

Table of Contents
  1. Bank of America — $100 Bonus Offer
  2. U.S. Bank Smartly™ Checking – up to $600
  3. Citi Priority Account — up to $2000
  4. Citigold® Checking Account — up to $2000
  5. Discover Bank — $150 or $200
  6. Chase Total Checking® — $200
  7. Chase Secure Banking — $100
  8. BMO Harris
    1. BMO Harris Smart Advantage™ Account — $200 Bonus
    2. BMO Harris Smart Money™ Account — $200 Bonus
    3. BMO Harris Premier™ Account — $350 Bonus
  9. PNC Bank — up to $400
  10. Albert – $150
  11. Axos Bank Rewards Checking – $100
  12. Laurel Road – up to $440
  13. Citizens Bank — up to $400
  14. mph.bank – up to $200
  15. Wells Fargo — $325
  16. Capital One 360 Checking – $250 [EXPIRED]
  17. Sandy Spring Bank – $200
  18. South State Bank — $200
  19. Teachers Federal Credit Union – up to $400 [EXPIRED]
  20. Alliant “FastPass” Promotion – up to $400
  21. Commerce Bank CommerceRelationship Checking — $500
  22. KeyBank Checking Account — $200
  23. Amalgamated Bank – $250
  24. Associated Bank Checking — up to $600
  25. Truist Bank — $400
  26. Santander Select Checking — up to $500 [EXPIRED]
  27. Regions Bank — $100
  28. M&T Bank Checking — up to $250 [EXPIRED]
  29. Fulton Bank Simply Checking — $200
  30. Bank of the West Checking — $250
  31. Bank of the West Premier Checking — up to $600 [EXPIRED]
  32. FirstBank Bloom — $300
  33. Marcus by Goldman Sachs — $100 [EXPIRED]
  34. Columbia Bank Advantage Plus Checking — $200
  35. PSECU – $250
  36. Penfed Credit Union — $200 [EXPIRED]
  37. Iberia Bank — up to $400 [EXPIRED]
  38. Unify Financial Credit Union — $150
  39. First Horizon Checking — up to $400 [EXPIRED]
  40. Fidelity Bank — up to $525
  41. Conclusion

The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

This content is not provided by the bank advertiser. Opinions expressed here are the author’s alone, not those of the bank advertiser.

Bank of America — $100 Bonus Offer

Bank of America has a $100 Bonus Offer to new customers when they open a new checking account online through a Bank of America promotional page.

Three Bank of America banking accounts qualify for this bonus:

  • Bank of America Advantage SafeBalance Banking® – $25 minimum opening deposit, $4.95 monthly fee waived for students under 25 or enrolees of Preferred Rewards
  • Bank of America Advantage Plus Banking® – $100 minimum opening deposit, $12 monthly fee waived with direct deposit or daily balance requirements, etc.
  • Bank of America Advantage Relationship Banking® – $100 minimum opening deposit, $25 monthly fee waived with direct deposit or daily balance requirements, etc.

All it takes is for you to open an account and set up and receive qualifying direct deposits totaling $1,000 or more into that account within 90 days of account opening.

Also, don’t forget, the Bank of America promotional offer code is DMF100CIS. If you click through the links on this site, the code will be entered automatically for you.

Member FDIC.

Learn more about this offer
(Offer expires 6/30/2023)


U.S. Bank Smartly™ Checking – up to $600

U.S. Bank has a new promotion on their U.S. Bank Smartly™ Checking account – it’s a great offer for new accounts and the requirements are straightforward.

Earn up to $600 when you open a new eligible U.S. Bank Smartly(TM) checking account and complete qualifying activities, subject to certain terms and limitations. Offer valid through 2/7/2023. Member FDIC.

Complete these steps within 60 days of opening your new U.S. Bank Smartly (TM) checking account online:

  • Enroll in online banking or the U.S. Bank Mobile App
  • Complete two or more direct deposits of $3,000 to $5,999.99 to earn $200 or $6,000 or more to earn $400

Earn an additional $200 when you open a new Standard Savings account, complete deposit(s) of $25,000 or more by February 28,2023 and maintain a total account balance of $25,000 until May 31, 2023.

Applicant must reside in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, or WY to be eligible for Checking account.

Learn more
(Offer expired 2/7/2023)


Citi Priority Account — up to $2000

The Citi Priority Account is offering up to $2000 when you open an eligible checking account and:

  • Within 20 days of opening, deposit the minimum amount of new-to-Citi funds.
  • Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
  • If your balance falls to a lower tier at any point during the maintenance period, the bonus changes.
  • Bonus will be paid within 30 days after you successfully complete all required activities.

The dollar amount of the bonus is based on the amount you deposit according to this schedule:

Minimum Deposit
And Minimum Balance
Cash Bonus
$10,000 - $29,999$200
$30,000 - $74,999$500
$75,000 - $199,999$1,000
$200,000 - $299,999$1,500
$300,000 and above$2,000

For example, if you deposit $50,000 and maintain it for 60 days following the 21st day, you get $500.

The Citi Priority Account has a $30 monthly service fee if you do not maintain a combined average monthly balance of $30,000+ in eligible linked deposit, retirement and investment accounts.

Member FDIC.

Learn more about the Citi Priority Account offer

This content reflects the author’s opinion, analysis and/or assessment and is that of the author’s only. This content has not been provided or reviewed by Citi.

Citigold® Checking Account — up to $2000

To earn this bonus, open a Citigold® Checking Account and deposit $10,000 or more in New-to-Citi funds in eligible linked accounts within 20 days and then maintain that balance for 60 days following the 21st day. The bonus you earn is based on the amount you deposit.

Minimum Deposit
And Minimum Balance
Cash Bonus
$10,000 - $29,999$200
$30,000 - $74,999$500
$75,000 - $199,999$1,000
$200,000 - $299,999$1,500
$300,000 and above$2,000

The cash bonus will be deposited to your open, eligible account within 30 calendar days after you complete all required activities.

So long as you have not owned a Citi checking account in the last 180 days, are at least 18 years old, and furnish or have a valid Form W-9 or Form W-8BEN on file with Citi® and are not subject to backup withholding, you can participate in the Welcome Checking Cash Bonus Offer in select markets.


Discover Bank — $150 or $200

Discover Bank Logo

Discover Bank is offering a generous $150 or $200 bonus if you open your first Discover Online Savings Account – just open an account and enter the code WH323 when applying.

You must apply by 3/15/2023 to get this offer.

The bonus depends on how much you deposit within 30 days of account open date:

  • Earn $150 if you deposit at least $15,000
  • Earn $200 if you deposit at least $25,000

Your bonus will be credited to the account within 60 days of the account qualifying for the bonus.

And the best part about this bonus is that it’s on top of an excellent online savings account. You earn a high rate of interest and there is no minimum opening deposit. There is no maintenance fee, no excessive withdrawal fee, no stop payment order fee, and no insufficient funds fee. Discover charges no fees on this account.

To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code WH323 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 3/15/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice.

Get up to $200 from Discover Bank
(see advertiser website for full details)


Chase Total Checking® — $200

Chase Logo

Chase has long been tops in promotional offers and their richest offer accessible to most consumers is the Chase Total Checking account. You haven’t seen high dollar bonuses until you’ve seen a Chase bank promotion! I’ve previously covered it on our Chase promotions page.

To get the $200, open a new account, set up, and set up direct deposit within 90 days. and you’ll be awarded the bonus within 15 business days. You must keep the account open for at least six months or they take back the bonus.

There is a $12 monthly service fee that is waived if you have a monthly direct deposit of $500+ or keep a minimum daily balance of $1,500 or have $5,000+ in any combination of qualifying Chase checking, savings, and other balances.

For this and other Chase bank promo offers, you can open your account online or request a coupon and bring it to a physical location to open your account.

Available online nationwide. For branch locations, visit locator.chase.com.

Open an Account

Chase Secure Banking — $100

Chase Secure Banking will give you $100 when you open an account and satisfy the qualifying activities. Those activities are to complete 10 qualifying transactions within 60 days of enrollment – the activities include debit card purchases, online bill payments, Chase QuickDepositSM, Zelle® and ACH credits. Your bonus will appear within 15 days of completing these.

There is no minimum deposit requirement and no direct deposit requirements for this offer but you must keep the account open for at least six months after coupon enrollment or they will deduct the bonus.

There is a $4.95 monthly fee.

Get $100 from Chase Secure Banking


BMO Harris

BMO Harris Smart Advantage™ Account — $200 Bonus

BMO Harris is offering a $200 bonus* when you open a BMO Harris Smart Advantage™ Account and when you have a total of $4,000 or more in qualifying direct deposits within the first 90 days. It is a very straightforward offer that is available nationwide.

The BMO Harris Smart Advantage™ Account is great because there is no monthly fee if you used Paperless Statements.

*Conditions apply

👉 Learn more about this offer

(Offer expires 5/12/2023)

BMO Harris Smart Money™ Account — $200 Bonus

There is also the BMO Harris Smart Money™ Account with a $200 cash bonus* when you open an account and have at least $4,000 or more qualifying direct deposits within the first 90 days. There are no overdraft fees or NSF fees*. No minimum balance required and no monthly maintenance fee if you’re under 25 years old.

Available nationwide.

*Conditions apply

👉 Learn more about this offer

(Offer expires 5/12/2023)

BMO Harris Premier™ Account — $350 Bonus

If you receive a larger paycheck, BMO Harris will give you a $350 bonus* when you open a BMO Harris Premier™ Account and when you have at least $7,500 in qualifying direct deposits within the first 90 days. There are no additional requirements, it’s just a higher direct deposit total amount over the 90 days.

The account does have a $25 waivable monthly maintenance fee with unlimited non-BMO Harris ATM transactions plus $25 monthly rebate on ATM fees from other banks and a Relationship Package that provides increasing rewards across multiple products sets the deeper your relationship is with the bank. Also available nationwide.

*Conditions apply

👉 Learn more about this offer

(Offer expires 5/12/2023)


PNC Bank — up to $400

PNC Bank will give you a up to $400 cash bonus if you open a Virtual Wallet with Performance Select and establish total qualifying direct deposits above a certain limit.

The bonus has three tiers, with each tier has a different required direct deposit (and different account type) but the offer page will have all the details you need.

  • Open a Virtual Wallet with Performance Spend account and establish total qualifying direct deposits of $2,000+ and get $200.
  • Open a Virtual Wallet with Performance Select account and establish total qualifying direct deposits of $5,000+ and get $400.

Also, the accounts have different fee structures so double-check what you need to do to avoid those.

Finally, this is available to residents of CA, TX, AZ, NM, CO, PA, FL, OH, WV, DE, NJ, SC, NC, GA, KY, IN, MI, IL, MD, DC, WV, and WI.

(Offer expires 10/31/2022)


Albert – $150

Albert is a fintech company that offers a “Genius bank account” that helps you get paid faster, save money, and invest automatically (if you so choose). Albert’s promotional offer is great – this very attractive offer is $150 when you receive a qualifying direct deposit of at least $500 within 45 days and spend at least $200 on goods and services every 30 days for 90 consecutive days with your Albert debit card.

It’s a relatively easy direct deposit requirement but note the spend requirement too – it’s not difficult something to be mindful of if you want to give this account a try. There are no monthly fees with the Albert Cash account other than an ATM withdrawal fee.

There are no geographic restrictions.

Get $150 from Albert


Axos Bank Rewards Checking – $100

Axos Bank is running a great promotion where you can get a $100 bonus when you open an Axos Bank Rewards Checking account with the promotion code RC100.

Then, set up and receive qualifying direct deposits totaling at least $1,500 within a single calendar month during the first three calendar months your account is open to get the bonus.

The account has a $50 minimum opening deposit but the high yield savings account has no minimum balance requirements, pays interest, and there are zero monthly maintenance fees.

Get $100 from Axos Bank
(Offer expires 3/31/2023)


Laurel Road – up to $440

Laurel Road is best known for their student loans but did you know they have a bonus on their Laurel Road Loyalty Checking account?

First, you can earn $200 when you open an account and make qualifying ACH direct deposits totaling $2,500 or more within 60 days.

Then, you continue earning a $20 cash reward for every month you make qualifying ACH direct deposits during the first 12 months, and $10 for every month after that for as long as you have the account.

That’s up to $440 in your first year and you continue to get $10/month after that.

Learn more
(This offer expires 6/30/2023)


Citizens Bank — up to $400

Citizens Bank will give you up to $400 to open a checking account and satisfy a few conditions. This offer is available in Connecticut, Delaware, Florida, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, and Washington D.C..

The deal is a few steps – first, open a new Citizens Bank checking account and you get $300 when you receive a direct deposit of $500 or more within 60 days, get an additional $100 when use your debit card for purchases ($2 for every debit card purchase you make, up to $100, within the next 60 days)..

That’s how you get up to $400.

Learn more
(This offer expires 1/20/2023)


mph.bank – up to $200

mph.bank has a checking promotion where you can get up to $200 if you’re willing to satisfy some easy but long requirements (12 months!).

Open a new mph.bank “spend” account and then:

  • Get $100 after opening any mph.bank Spend (checking) account AND setting up a monthly Early Pay3 AND maintaining an average balance of $1,000 for 3 consecutive months,
  • Maintain your direct deposit and the average balance of $1,000** for another nine consecutive months

When you open an account, you pick whether it’s a Friends, First, Fresh or Free account. The Friends account has as $9 per month fee that is waived if you use your mphCard to make purchases at least 15 times a month (Friends account can earn interest and you can refer people). There is also a free account with no fees.

👉 Learn more about this offer

(Offer expires 12/31/2022)


Wells Fargo — $325

Get a $325 welcome bonus for new Wells Fargo Everyday Checking customers when you meet a few easy requirements:

  • Open an Everyday Checking account online with a deposit of $25 or more,
  • Then, receive a total of $1,000 or more in qualifying direct deposits into the new checking account within 90 days from account opening.

The Everyday Checking account has a $10 monthly fee that can be waived if you satisfy one of four conditions. Two of those conditions include maintaining a $500 minimum daily balance or receiving $500 or more in total qualifying direct deposits each period.


Capital One 360 Checking – $250 [EXPIRED]

Capital One has a $250 bonus for a new Capital One 360 Checking Account that is super easy to get. Just open an account by 6/21/2022 with the promotion code BONUS250.

Then, 2 direct deposits each of $250 or more within 75 days of account opening and you’ll get $250 in your account. That’s it.

Valid for new 360 Checking account customers. If you had a 360 Checking account with Capital One on or after January 1, 2019, you are ineligible.


Sandy Spring Bank – $200

Sandy Spring Bank will give you $200 when you:

  • Open a new checking account (the My Free Banking account has no maintenance fees),
  • establish a direct deposit of at least $500 within 45 days of opening the account and continue for a minimum of 4 months (3 statement cycles after opening cycle)

Then, within 125 days of meeting these requirements, you will get your $200. Available to residents of DE, MD, PA, WV, VA or Washington D.C. This offer is only available to new customers and you can't have had an account within the last 90 days..

Get this offer from Sandy Spring Bank


South State Bank — $200

South State Bank has an offer of $200 and you just have to satisfy one of two conditions with 60 days:

  1. make a minimum of 15 debit card purchases or payments, or,
  2. Have a monthly total of $250 qualifying direct deposit OR preauthorized automatic draft(s) of $25.
You cannot be a current owner or joint owner of a SouthState personal checking account, or have been an owner or joint owner of a SouthState personal checking account in the past 12 months.

You must also be a resident of Alabama, Florida, Georgia, North Carolina, South Carolina, or Virginia.

Get $200 from South State Bank
(Offer expires 3/31/2023)


Alliant “FastPass” Promotion – up to $400

Alliant Credit Union has several bank promotions going on right now. The highest is a four step “fast-pass” promotion that will net you up to $400 if you meet each of the conditions by March 31st, 2023.

Make sure to use the promo code FASTPASS:

  1. Open a savings account by March 31, 2023 plus have a minimum $1000 savings average daily balance on April 30, 2023 to earn a $100 bonus
  2. Open a checking account by March 31, 2023 plus have a minimum $100 checking average daily balance on April 30, 2023 to earn a $100 bonus
  3. Open a certificate by March 31, 2023 plus maintain a minimum $1000 certificate balance on April 30, 2023 to earn a $100 bonus
  4. Deposit a minimum of $10,000 total across any of these three accounts by March 31, 2023 and maintain this minimum balance until April 30, 2023 to earn a $100 bonus.

If you are an existing Alliant member, you can still earn up to $400 by doing steps 2 – 3.

Learn more about about this offer
(Offer expires 3/31/2023)


Commerce Bank CommerceRelationship Checking — $500

Cmomerce Bank will give you a $500 bonus if you open a CommerceRelationship Checking account with $100 by 4/30/2021.

Then, make 10 debit card purchases within 60 days and have at least $2,500 in your account at the end of daily processing 60 days after you open the account. Open to residents of Wichita, Kansas area only (residents of Sedgwick, Kingman, Reno, Harvey, Butler, Cowley and Sumner county).

That’s it!

Learn more
(Offer expires 4/30/2021)


KeyBank Checking Account — $200

KeyBank runs several promotions but the public one available to all gives you $200 when you open a Key Advantage Checking, Key Privilege Checking, or Key Privilege Select Checking® account with offer code ONAT0123 and make one direct deposit of at least $1,000 within 90 days.

Keep an eye on the monthly fees and what you need to do to get them waived. They differ based on the type of account and the minimum deposit amount is $50. Full details on the promotion page. Also, if you close your account within 180 days of opening it, they will charge a $25 account early closure fee.

Offer code ONAT0123 and enter your reservation number if prompted.

(Only available in AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, or WA.)

Learn more about the KeyBank promotion
(Offer expires 2/3/2023)


Amalgamated Bank – $250

Amalgamated Bank offers an online checking account with a $250 bonus when you:

  1. Open a new Online Checking account between  December 6, 2022 and January 31, 2023
  2. Fund your new Online Checking account with external funds
  3. Enroll in Amalgamated Online Banking
  4. Make direct deposits of at least $500 for two consecutive months by April 30, 2023
  5. Cash incentives will be paid on or before June 30, 2023, once all account requirements have been met

There’s no monthly maintenance fee and there is a $100 minimum opening deposit. This is available nationwide.

One nice little perk is that the account earns interest, which is nice while you wait to satisfy the bonus.

Learn more
(Offer expires 1/31/2023)


Associated Bank Checking — up to $600

Associated Bank has a promotion associated with their three tiers of checking and savings account – the Associated Access Checking, Associated Balanced Checking, and Associated Choice Checking. Just open an account with the required minimum balance (shown below) and get a bonus based on how much you have in your account after 60 days for a period of 30 days.

For the Associated Access Checking, you need to open it with at least $25.
For the Associated Balanced Checking, you need to open it with at least $100.
For the Associated Choice Checking, you need to open it with at least $100.

Then, after 60 days, get a bonus based on your average daily balance over days 61-90:

  • For amounts $1,000 to $4,999.99 – you earn $200;
  • For amounts $5,000 to $9,999.99 – you earn $300;
  • For amounts over $10,000 – you earn $300;

Check the fees on each of those accounts because they will vary.

You can get an additional $200 when you open a new Associated Relationship Savings account along with the checking account.

Available to residents of IA, IL, IN, KS, MI, MN, MO, OH and WI.

Learn more
(Offer expires 12/30/2022)


Truist Bank — $400

Truist Bank will give you $400 when you open up a new Truist Bright, Truist Fundamental or Truist Dimension checking account. If you recall, Truist Bank is the new name of the banka fter the SunTrust and BB&T merger.

To get the $400, you must open a new account and then receive two qualifying direct deposits totalling $1,000 or more within 90 days of account opening.

Open to residents of AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC. You cannot have an existing personal checking account with Truist Bank or have closed one on or after 9/30/21

The promotional code for this offer is CHKQ123TRUIST1 and you can open it online or in a branch by requesting a coupon.

There is a $50 monthly fee on these accounts but you can get it waived.

Learn more
(Offer expires 4/14/2023)


Santander Select Checking — up to $500 [EXPIRED]

Santander has a new bank account bonus that residents of the northeast United States may be interested in! Open a Santander Select Checking account with the promotion code that is shown after you enter your email address (you have to enter your first and last name plus an email address, then it shows a unique code).

Then, just satisfy a few conditions to get up to $500 from Santander Bank.

The conditions are easy:

  • get $300 by having direct deposits totaling $4,000 or more in your account within the first 90 days; get $400 if the total is $6,000 or more; get $500 if the total is at least $8,000 or more;,
  • keep the account open for at least 90 days,
  • get paid!

You can’t be a current checking customer of Santander Bank or had a checking account in the last 12 months. There is also a $25 monthly fee that is waived if you have $25,000 in bank deposits and eligible investments held with Santander Investment Services (check the fine print for full details).

Available to residents of NH, MA, RI, CT, DE, NY, NJ, PA, or FL.

Learn more about this offer
(Offer expires 7/6/2022)


Regions Bank — $100

Regions Bank has a promotion for their LifeGreen checking account. You can can get up to $100.

You get $100 when you open a new Regions LifeGreen checking account with the promo code and make $1,000 in total deposits (funds new to Regions) that post to your account within 30 days of account opening. You have 60 days.

Available to residents of AL, AR, FL, GA, IL, IN, IA, KY, LA, MS, MO, NC, SC, TN, and TX. Make sure to read the terms very carefully to ensure you qualify.

Learn more
(Offer expired n/a)


M&T Bank Checking — up to $250 [EXPIRED]

M&T Bank is offering a new account promotion that’s easy to get. Open a new checking account and receive at least $500 in qualifying direct deposits within 90 days of account opening. The bonus you get is based on the account type you open. You’ll get the bonus deposited within 90 days of the direct deposit.

This offer isn’t nationwide, go to the promotional webpage and enter your ZIP code to see if you qualify and for what amounts.

M&T Bank has branches in CT, DC, DE, MD, NJ, NY, PA, VA, WV.

Learn more
(Offer expires 3/31/2022)


Fulton Bank Simply Checking — $200

Open a Simply Checking account and satisfy a few conditions to get $200 from Fulton Bank. The Simply Checking account has no monthly maintenance fees, no minimum balance, no minimum transaction requirements, and the Relationship Rewards Visa® Debit Card has no annual fee. You can open an account with just $25.

The conditions are super easy:

  • Set up a recurring direct deposit totaling $500 or more within 60 days, OR,
  • Make 15 debit card purchases within 60 days, spending $300 or more in total purchases.

Available to residents of Delaware, Washington D.C., Maryland, New Jersey, Pennsylvania, and Virginia.

Get $200 from Fulton Bank
(Offer expires 12/31/2022)


Bank of the West Checking — $250

Bank of the West will give you $250 when you open an Any Deposit Checking account and set up a direct deposit with your employer or benefits provider. If you make direct deposits totaling $1,000 or more per month for three months in a row, they give the cash.

The account has no monthly fee with any deposit per statement cycle (otherwise $10), no minimum balance, and it takes just ten minutes to open the account.

You can open an account online 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 9/30/2022)

Bank of the West Premier Checking — up to $600 [EXPIRED]

If you have $35,000 sitting around, Bank of the West has a Premier Checking account that offers a higher bonus. Get up to $600 in this two step process.

Open a Premier Checking account by 8/6/2021 and deposit at least $25,000 that same month and maintain a $25,000 average monthly balance for three full calendar months. This gets you $500.

Next, open a Choice Money Market Savings account by 8/6/2021. 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 – that gets you an additional $100.

This checking account has a $25 monthly service charge that is waived for the first two statement cycles. It is also waived if you maintain a $25,000 average monthly combined balance, which you will do if you meet the bonus requirements.

Can be opened online or in 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 8/6/2021)


FirstBank Bloom — $300

FirstBank, with branches in Colorado, Arizona, and California; is offering a $300 bonus if you open a FirstBank Bloom Package with very simple requirements.

  • Just open a Bloom package between now and December 31, 2022,
  • Enroll in online banking,
  • Have at least one qualifying direct deposit of $500 or more for 3 consecutive months.

You can enroll online or bring it to a branch to open. The direct deposit must be payroll, pension, Social Security or other recurring government benefits and must be a single direct deposit. You must keep the account open for at least 12 months or the bonus “can be revoked.”

Learn more
(Offer expires 12/31/2022)


Marcus by Goldman Sachs — $100 [EXPIRED]

Marcus by Goldman Sachs is offer a bonus on their online savings account – they will give you $100 when you deposit $10,000 or more in new funds into a new or existing Online Savings Account within 10 days of enrollment.

This can be a new or existing account but the funds have to new to Marcus and then stay there for at least 90 days. If you have an existing account, you must add an additional $10,000 to the current balance at the time of enrollment.

A nice perk is that this account pays interest – 3.30% APY – not fantastic but better than zero!

Learn more about about this offer

(Offer expires 2/15/2023)


Columbia Bank Advantage Plus Checking — $200

Columbia Bank will give you a $200 bonus when you open a new checking account and set up a monthly direct deposit of $1,000+ within 60 days. The bonus will be credited within 60 days after you satisfy the conditions. You can open an account online or open in a branch.

You can avoid the $9 monthly service fee if you make at least 10 point of sale debit card transactions or maintain at least a $500 daily balance.

Learn more
(Offer does not show an expiration date)


PSECU – $250

Pennsylvania State Employees Credit Union (PSECU) has a $250 bonus when you open an account and set up qualifying payroll direct deposits of at least $200 per month within 90 days of account opening. The most basic of checking accounts apply and with no minimum balance and no monthly fees, it’s an easy offer if you qualify.

This is a credit union so there are limitations as to who qualifies but they are easy to satisfy.

You can qualify if you attended, work in, or graduated from a partner college in PA or are a state or local government employee. You can also qualify if you have a relative who is already a PSECU member.

Finally, you can always join the Pennsylvania Recreation and Park Society to qualify. If you do that, it costs $20 but PSECU will cover $10 of it.

Learn more
(Offer expired 12/31/23)


Penfed Credit Union — $200 [EXPIRED]

Open a Pentagon Federal Credit Union Access America Checking account, deposit at least $1,200, and make 5 debit card purchases within 90 days and you will get $200. There is no direct deposit requirement and you don’t have to deposit the $1,200 all at once, it just needs to accrue in the account within the first 90 days. There is no direct deposit requirement but you will need at least $25 to open the account.

Learn more about the Penfed offer
(Offer has expired)


Iberia Bank — up to $400 [EXPIRED]

Iberia Bank is running four different promotions for residents of states they have a branch, which includes Alabama, Arkansas, Florida, Georgia, Louisiana, and Tennessee, who are first responders.

The highest bonus is $400 if you open a High-Interest Checking account with qualifying direct deposits and maintain a balance of $5,000.

Or get $250 for opening a Freedom Checking account with a qualifying direct deposit.

You need to get a promo code by visiting the bank’s promotion page to request one.

Learn more
(Offer has expired but we will update when a new one appears)


Unify Financial Credit Union — $150

Unify Financial Credit Union will give you up to $150 if you open up a qualifying UNIFY Checking Account. It’s a free checking account with no minimum balance fees or a direct deposit requirement. When you join, you also get a complimentary membership to the Surfrider Foundation or Friends of Hobbs. You can apply online but only available to residents of Collin County, TX.

The bonus has several tiers:

  • Get $50 just for opening a new checking account (excluding Right Start Checking and Right Start Debit)
  • Get another $50 when you set up a recurring ACH Direct Deposit of at least $500 each month within 60 days
  • Then, get an additional bonus up to $50 by earning $1 bonus for each debit card transaction that exceeds $5 with your new UNIFY Visa Debit Card within the first 60 days of account opening (maximum bonus of $50).

Learn more
(Offer expired 12/31/2021 but the page is still up)


First Horizon Checking — up to $400 [EXPIRED]

First Horizon is offering a $400 cash bonus if you open a FirstView checking account and set up a direct deposit with $400 in deposits within the first 60 days of account opening. It takes just $50 to open an account. Then, you will get the bonus within 8 weeks of the first deposit and keep the account in good standing for six months.

Available for residents of TN, AR, MS, AL, GA, KY, FL, NC, and parts of VA.

Learn more
(Offer expired 11/15/2020)


Fidelity Bank — up to $525

Fidelity Bank is a community bank headquartered in Dunmore, PA, and founded in 1903. They’re publicly traded under the ticker FDBC and they offer a $525 welcome bonus if you open a new checking account and satisfy a few conditions.

The minimum to open a checking account is $25 and the bonus is deposited in phases:

  • $200 when a direct deposit or recurring credits totally $2,500 or more are received for three consecutive months, when you make 15 point of sale transactions per month, sign up for EZ Statements and enroll in Online Banking;
  • $200 when you open a Money Market account MMDA at the same time and deposit $15,000 or more into it;
  • $100 when you use your Fidelity Visa Debit Card at qualifying merchants an additional 60 times over a 3 consecutive month period;
  • $25 when you open a new Fidelity Bank checking account online.

The most basic account, their Reliance Checking, has a $7 monthly fee that can be waived if you maintain a $1,500 average daily balance or a $400 aggregated monthly direct deposit or 10 points of sale uses of your Fidelity Visa Check Card each month.

Get $525 from Fidelity Bank
(No expiration date shown)


How do we pick what banks appear in the list? If the bonus is greater than $100 and it’s a reasonably large geographic footprint, we include it on the list. We want to show bonuses that most people can get either by visiting a branch or completing online. We don’t have an interest in a $20 bonus for a small regional bank only a handful of people will be interested in it. Sadly, few credit unions on this list because I haven’t seen any offer bonuses. I’ve also stuck with cash bonuses, rather than other giveaways like tickets because it’s easier to compare and has broader appeal.

The expired list of promotions is there to give you an idea of what was once available. Some banks run promotions all year, rolling over the expiration date every quarter or so. Some banks run them seasonally. I keep the expired list around so you have an idea of what that bank may have offered in the past.

Conclusion

Free money is great but there are some things to pay very close attention to when it comes to bank promotions. First, check out our guide on bank account bonuses. It’ll give you a sense of what you need to do to make sure you get your bonus money.

Also, make sure you find a bank that gives you all the services you need. Bonus money is a nice sweetener but you still need a bank that gives you exactly what you need.

OK go get that bonus money!

👉 This blog post is also available as a Web Story – “Best Bank Account Promotions.”

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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 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 farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he's invested in a few pieces of art on Masterworks too.

>> 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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