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:

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:

Bank	Bonus*	Expiration Date	Direct Deposit Required?
🏆 BMO Harris	$400, $600	12/8/2023	Yes
Bank of America	$200 Bonus Offer	1/31/2024	Yes
U.S. Bank	up to $1,000	10/31/2023	Yes
Fierce	up to $500	none listed	No
Citi®	up to $2000	1/9/2024	No
Discover	$150 or $200	12/14/2023	No
Wells Fargo	$300	9/26/2023	Yes
Chase	$200	10/18/2023	Yes
PNC Bank	up to $400	10/31/2023	Yes
SoFi Money	up to $250	12/31/2023	Yes
Axos Bank	$300	12/31/2023	Yes
PSECU	$300	12/31/2023	Yes

*Terms and conditions of each offer will apply

Table of Contents

1. 🏆 BMO Bank
1. BMO Smart Advantage Checking — $400 Bonus
2. BMO Smart Money Checking — $400 Bonus
3. BMO Relationship Checking — $600 Bonus
2. Bank of America — Cash Bonus Offer
3. U.S. Bank Smartly® Checking – up to $1,000
4. Fierce Finance — up to $500
5. Citi Priority Account — up to $2000
6. Citigold® Checking Account — up to $2000
7. Discover Bank — $150 or $200
8. Chase Total Checking® — $200
9. Chase Secure Banking^℠ — $100
10. Chase Private Client – up to $3,000
11. PNC Bank — up to $400
12. SoFi Checking & Savings — up to $250
13. Axos Bank Rewards Checking – $300
14. PSECU – $300
15. Wells Fargo Checking Account — $300
16. American Express® Rewards Checking – $250
17. Laurel Road – up to $540
18. Citizens Bank — up to $400
19. mph.bank – up to $200
20. Capital One 360 Checking – $350
21. Old National Bank — $250 or $450
22. South State Bank — $200
23. KeyBank Checking Account — $200
24. Associated Bank Checking — up to $600
25. Truist Bank — $300
26. Santander Select Checking — up to $500 [EXPIRED]
27. Regions Bank — $100 [EXPIRED]
28. M&T Bank Checking — $350
29. Fulton Bank Simply Checking — $200 or 300
30. FirstBank Bloom — $300
31. Marcus by Goldman Sachs — $100 [EXPIRED]
32. Columbia Bank Cash Back Checking — $300
33. Unify Financial Credit Union — $150
34. 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.

🏆 BMO Bank

BMO Smart Advantage Checking — $400 Bonus

BMO Harris is offering a $400 bonus* when you open a BMO Smart Advantage Checking account and when you have a total of $4,000 or more in qualifying direct deposits within the first 120 days. It is a very straightforward offer that is available nationwide.

The BMO Smart Advantage Checking account is great because there is no monthly fee if you used Paperless Statements.

*Conditions apply

👉 Learn more about this offer

(Offer expires 12/8/2023)

BMO Smart Money Checking — $400 Bonus

There is also the BMO Smart Money Checking account with a $400 cash bonus* when you open an account and have at least $4,000 or more qualifying direct deposits within the first 120 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 12/8/2023)

BMO Relationship Checking — $600 Bonus

If you receive a larger paycheck, BMO Harris will give you a $600 bonus* when you open a BMO Relationship Checking account and when you have at least $7,500 in qualifying direct deposits within the first 120 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 12/8/2023)

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Discover Bank — $150 or $200

Discover Bank is offering a generous $150 or $200 bonus if you open your first Discover Online Savings Account – open an account and enter the code WH923 when applying.

You must apply by 12/14/2023 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.

👉 Get up to $200 from Discover Bank

(see advertiser website for full details)

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Chase Total Checking® — $200

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 and receive a 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 QuickDeposit^SM, 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

Chase Private Client – up to $3,000

Chase Private Client has a bonus of up to $3,000 when you open a new Chase Private Client Checking^SM account with qualifying activities.

The bonus is based on how much you deposit.

Deposit Amount	Bonus Amount
$150,000 – $249,999	$1,000
$250,000 – $499,999	$2,000
$500,000 or more	$3,000

Within 45 days of enrollment, transfer qualifying new money or securities to a combination of eligible checking, savings and/or J.P. Morgan Wealth Management non-retirement accounts. This eexcludes Chase business checking and savings accounts, any J.P. Morgan Self-Directed Investing & Automated Investing, J.P. Morgan Personal Advisors Accounts, J.P. Morgan Wealth Management retirement accounts and CDs.

Your bonus will be determined on day 45. Then, maintain your new money for 90 days from coupon enrollment and it will be added to your account within 40 days.

👉 Learn More about Chase Private Client

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Laurel Road – up to $540

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 $540 in your first year and you continue to get $10/month after that.

👉 Learn more about this offer

(This offer expires 1/08/2024)

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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.

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Capital One 360 Checking – $350

Capital One has a $350 bonus for a new Capital One 360 Checking Account that is super easy to get. Just open an account by 10/18/2023 with the promotion code BONUS350.

Then, 2 direct deposits each of $250 or more within 75 days of account opening and you’ll get $350 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, 2021, you are ineligible.

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Old National Bank — $250 or $450

Old National Bank has two offers available, depending on how much your direct deposits can add up to. The first is a $450 bonus for their ONB Preferred Checking account and it requires that you make two or more ACH direct deposits totaling $10,000 or more within 90 days of account opening.

If that amount is too high, you can get a $250 when you open a ONB Preferred Checking and make two or more ACH direct deposits totaling $2,000 or more.

There is a $50 minimum opening deposit.

👉 Get $250 or $450 from Old National Bank

(Offer expires 10/31/2023)

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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)

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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 ONAS0923 and make one direct deposit of at least $500 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 ONAS0923 and enter your reservation number if prompted.

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

👉 Learn more about the KeyBank promotion

(Offer expires 10/13/2023)

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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 $300;
• For amounts $5,000 to $9,999.99 – you earn $400;
• For amounts over $10,000 – you earn $600;

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 for residents of IA, IL, IN, KS, MI, MN, MO, OH or WI.

👉 Learn more
(Offer expires 7/31/2023)

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Truist Bank — $300

Truist Bank will give you $300 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 $300, 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 7/26/22

The promotional code for this offer is TRUISTCHKQ223 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 10/31/2023)

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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)

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Regions Bank — $100 [EXPIRED]

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)

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M&T Bank Checking — $350

M&T Bank is offering a new account promotion that’s easy to get. Open a new checking account and maintain an average monthly balance of at least $10,000 for the calendar months of September and October 2023. 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 8/25/2023)

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Fulton Bank Simply Checking — $200 or 300

Fulton Bank has two promotions, based on the checking account you open.

For $200, open a Simply Checking account and:

• 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.

Add a Statement Savings account and deposit $1,000 in new money within 60 days, get an additioanal $50.

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.

For $300, open a Relationship Banking account and, within 60 days, set up a recurring direct deposit totaling at least $1,500. The Relationship Banking account pays interest but has a $20 monthly fee unless you maintain a minimum balance of $5,000 daily or $25,000 in combined deposit and investment balances.

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

👉 Get $200 from Fulton Bank

(Offer expires 8/31/2023)

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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, 2023,
• 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 12/31/2023)

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Marcus by Goldman Sachs — $100 [EXPIRED]

Marcus by Goldman Sachs is offering 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 – 4.15% APY – not fantastic but better than zero!

👉 Learn more about about this offer

(Offer expires 2/15/2023)

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Columbia Bank Cash Back Checking — $300

Columbia Bank will give you up to a $200 bonus when you open a new Cash Bank Checking checking account and have verified ACH credits totally $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 get an additional $100 cash credit to your account after you’ve made $10 qualifying transactions (ATM withdrawal do not count) with your Columbia Bank debit card within 60 days.

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

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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 have to meet the membership requirements.

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

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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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