Wallet Hacks

20+ Best Bank Promotions & Bonus Offers: Minimum $100 New Account Bonus – February 2018

For as long as I've known about banks, they've been competing for deposits. When you think about the economics of running a bank, it's easy to see why. When someone deposits money in a checking account and you pay them 0%, it's a free loan!

Banks then keep whatever is the reserve requirement (say 10%) and lend out the rest. 90% of your money is lent to a business, a person, or another bank and your bank keeps the profit.

If you deposit $10,000 and they give you $100, that's like paying 1% for your money. They get way more from a mortgage or a car loan. And it's cheaper than borrowing it from someone else! (and they can collect fees from you too!)

That's why banks run promotional bonus offers – hundreds of dollars for you to leave your deposit in your account for X months. It's not a scam, it's smart business.

On this page, I'm going to list the best bank promotions and bonus sign up offers worth looking at.

I'll keep this list as up to date as possible but always confirm the details with the bank itself. They change these offers often so you might see an old offer I haven't updated yet (if so, please email me!)

How we pick what banks appear in the list: There's a biase towards banks with larger geographic footprints so it increases the chances you can take advantage of the deal. Many regional banks offer rich bonuses but few people can use them because they don't have a branch nearby (there are a couple on this just because the bonus is so high). Sadly, no credit unions on this list because I haven't seen too many offer bonuses. I've also stuck with cash bonuses, rather than other giveaways like tickets, because it's easier to compare.

The minimum promotional bonus is $100 to get on this list and remember that 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.


Chase Total Business Checking – $200

Chase Total Business Checking will give you $200 if you open an account and:

  • Deposit $1,000 in new money within 10 business days,
  • Maintain that balance for 60 days,
  • Complete five qualifying transactions within 60 days – debit card purchases, Chase QuickDeposit, ACH (credits), and wires (credits and debits)

Once you complete these, they will deposit the bonus within 10 business days.

Learn more about Chase Total Business Checking
(Offer expires 4/4/2018)

Chase Total Checking – $300

Chase has long been the leader 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 and deposit $25. Set up and get a direct deposit within 60 days and you'll be awarded the bonus within 10 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 need to request a coupon and bring it to a physical location to open your account:
Get a coupon emailed to you
(Offer expires 3/3/2018)

Chase Savings – $200

A nice combination package with the Total Checking, the Chase Savings will give you $200 if you open a new account and deposit $15,000 in new money within 10 business days. You need to maintain a $15,000 balance for 90 days and you can't close the account within 6 months or they take the bonus back.

The Chase Savings has a $5 monthly service fee that is waived if you keep a minimum daily balance of $300 or more (light work considering you need to keep $15,000 to get the bonus) or have an automatic transfer of $25+ from your Chase personal checking account.

For this and other Chase offers, you need to request a coupon and bring it to a physical location to open your account:
Get a coupon emailed to you
(Offer expires 3/3/2018)

Chase Premier Plus Checking – $300

The juiciest of the offers, you can get $300 if you open a Chase Premier Plus Checking account and deposit at least $25 at account opening and receive a direct deposit within 60 days of opening. You need to keep this account open for six months or they take back the bonus.

This account has a $25 monthly service fee that is waived if you maintain a minimum daily balance of $15,000+ across your Chase accounts or have automatic payments to your qualifying linked Chase mortgage from your Chase account.

For this and other Chase offers, you need to request a coupon and bring it to a physical location to open your account:
Get a coupon emailed to you
(Offer expires 4/16/2018)

Bank of America (New Customers) – $100

The promotion above was for existing customers, for new customers you can get $100 when you open a new checking account and have 2 qualifying direct deposits of $250+ within 90 days. The Core Checking and Interest Checking qualify.

Both have monthly maintenance fees. On the Core Checking, you can get it waived if you have a qualifying direct deposit of $250+ OR maintain a minimum daily balance of $1,500 (students under 24 also get it waived). On the Interest Checking, you can get the maintenance fee waived if you maintain a combined balance of at least $10,000.

Learn more
(Offer expires 2/28/2018)

Citizen's Bank – $150

Citizens Bank will give you $150 when you open a One Deposit Checking account and make a single direct deposit of $500+ within 60 days. The primary signer on the account can't have been a primary or secondary signer on any personal checking account in the last six months. Bonus will post within 90 days after the direct deposit, it'll be listed as “Balance Builder Bonus.”

There is a monthly fee on the account but it is waived with a deposit of any amount each statement period.

Learn more
(Offer expired 3/31/2018)

Citi Account Package – $300

Open a new checking account in The Citi Account Package and you could get a $300 cash bonus. Just open an account, make a qualifying deposit of $15,000 or more in “new to Citibank funds” and maintain that $15,000 balance for sixty days, and within 60 days, get 1 qualifying Direct Deposit for 2 consecutive calendar months after you open the account. It's a lighter version of the Citi Priority Account Package bonus.

There is a $25 monthly service fee that is waived when you maintain a balance of $10,000 or more and you get all sorts of other perks with the Citi Priority Account Package. It's a high dollar amount to keep in there but it's also $300 cash money.

Learn more
(Offer expired 3/31/2018)

Capital One 360 – up to $400

When Capital One acquired ING Direct in 2011, everyone thought the days of ING Direct referrals were over. Capital One 360 is the rebranded name of the formerly orange online bank and they have an even bigger new account bonus. Get $200 for opening a new 360 Checking or a 360 Money Market account.

You need to get this offer in the mail but you can always call to see if they'll send it to you. These are both online only accounts and the only requirements is that you're a new account holder and deposit at least $1,000 per account opened. You can open both accounts to get $400 in total.

Learn more
(Offer expired 9/30/2017)

Discover Bank OSA – $150-$200

Discover Bank offers one of the best high interest online savings accounts in the nation and when you couple this offer, it's a near no-brainer. Open an online savings account with an offer code and get a $150 Bonus with $15,000 deposited. If you have $25,000 to deposit, the bonus jumps to $200. No monthly maintenance fees, no minimum balance fees.

Learn more
(Offer expired 2/28/18)

PNC Bank – $200 – $300

PNC Bank will give you a $200 reward if you open up a new Virtula Wallet with Performance Spend or Performance Checking. It increases to $300 if you open a new Virtual Wallet with Performance Select or Performance Select Checking. You need to open an account and do the following within 60 days:

  • Receive a qualifying direct deposit
  • 10 qualifying purchases made with the PNC Bank Visa Debit card associated with the new account

Learn more
(Offer expires 3/31/2018)

TD Premier Checking – $300

Open a TD Bank Premier Checking account, set up and receive direct deposits of $2,500+ within 60 days, and get a $300 cash bonus. This is an offer for U.S. residents only and you have to apply for it online.

There is a $25 per month maintenance fee that is waived if you maintain a daily balance of at least $2,500.

Learn more

TD Convenience Checking – $150

Open a TD Bank Convenience Checking account, set up and receive direct deposits of $500+ within 60 days, and get a $150 cash bonus. This is an offer for U.S. residents only and you have to apply for it online.

There is a $15 per month maintenance fee that is waived if you maintain a daily balance of at least $100.

Learn more

BMO Harris Checking – $200

BMO Harris has a $200 promotion on it's three checking accounts – BMO Harris Smart Money™ Account, BMO Harris Smart Advantage™ Account, and the BMO Harris Premier™ Account. Each account has different terms so you'll need to review those very closely to avoid fees.

You can apply online or request a coupon and bring it to a local branch.

Learn more
(Offer expires 3/30/2018)

Associated Bank Checking – $250

Associated Bank will give you a $150 bonus for a new Packers Checking account when you deposit at least $100, pay at least 3 bills with online bill pay within 45 days or set up a direct deposit of at least $300. Bonus is deposited within 75 days and you'll need to keep the account for at least a year. There is a $11 monthly service fee unless you maintain a $1,000 daily balance or set up a direct deposit of $500+ (or you are under the age of 24 and go paperless).

You also get $100 if you open a money market account with a minimum deposit of $10,000 and keep it open for 90 days. Again, check the schedule of fees for updated information.

Learn more
(Offer expires 3/31/2018)

SunTrust Checking – up to $500

SunTrust will give you up to $500 when you open a new SunTrust checking account and complete these qualifications:

  • Deposit at least $100 within 14 days of account opening;
  • and Complete at least $500 in Direct Deposits within 60 days of account opening, and;
  • Make at least 10 debit card purchases within 60 days of account opening.

If you open a Select Checking account, your qualifying Direct Deposit must be at least $1,000. For Signature Advantage accounts, it must be at least $2,000.

The bonus will depend on which account you open and each one has a different monthly fee (and what you need to do to get it waived). Use promo code Q118CHECKINGOL.

Learn more
(Offer expires 4/30/2018)

Regions Bank – $200

Earn $200 when you open any new Lifegreen Checking account online with the promo code 200DIG18Q1 (or in person with the voucher, which you can request on the promo page) and do the following:

  • Open any LifeGreen® checking account by December 29, 2017 (Open online using promo code 200D17Q4 OR present personalized voucher in branch)
  • Make 10 purchases with a Regions Visa® CheckCard (Purchases must post within 60 days of account opening)
  • Make $500 or more of qualifying ACH direct deposits such as payroll or government payment (Within 60 days of account opening)
  • PROFIT! Get a $200 credit to your Regions Account (Within 120 days of completing these steps)

Learn more
(Offer expires 3/30/2018)

Columbia Bank Checking – $100

Columbia Bank will give you a $050 bonus when you open a new checking account and set up a monthly direct deposit of $500+ within 90 days. The bonus will be credited 4-6 weeks after you satisfy the conditions.

You will need to fill out a form to get your code, bring that code to a local branch (find one), and open an account.

Learn more
(Offer expired 2/28/2018)

Salem Five Bank – $50 VISA Gift Card

Salem Five Bank will give you a $50 Visa gift card when you open a new Salem Five checking account and meet these requirements within 60 days of account opening:

  • Complete 2 direct deposits of at least $250, or
  • Make 6 online bill pays over $25 each, or
  • Completely 20 debit card transactions over $5 each.

Learn more

Fifth Third Bank – $200

Fifth Third Bank will give you a $200 bonus if you open a Fifth Third Essential Checking account with deposits of $500+ within the first 45 days AND then maintain a minimum balance for 60 days. Unlike many other promotions, there is no direct deposit requirement! This is only available to new customers and you can only get one new account related gift incentive per calendar year.

Learn more
(Offer expires 3/31/2018)

M&T Bank Checking – $150

Open a new checking account and have one direct deposit of $500 or more within 90 days. 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.

M&T Bank primarily has branches in PA, NY, and the greater Washington D.C. area.

Learn more
(Offer expires 3/30/2018)

Amboy Direct – $50

Amboy Direct is the online bank of Amboy Bank, headquartered in Old Bridge, NJ. They are offering an eSavings account with a $50 bonus.

Learn more
(No expiration shown)

Old National – $200

This is a regional bank with branches in Illinois, Indiana, Kentucky, Michigan and Wisconsin. You need to open an account and make a $500 direct deposit (you can do this with a credit card, Visa/Mastercard/Amex/Discover are listed as funding options), and make 10 debit transactions within 75 days of opening the account.

There are three account options – ONB Preferred, ONB Everyday, and ONB Classic. The ONB Everyday has a $6.95 monthly fee that you can avoid if you have $500 in direct deposits each month, maintain a daily balance of $750, or maintain a combined balance across accounts at $1,500 (or are active military).

Learn more
(Offer expires 3/31/2018)

CIT Bank

CIT Bank (FDIC #58978) won GoBankingRates' Best Banks Award in 2017 as their Premier High Yield Savings account offers a very generous 1.55% APY on balances under $250,000 (funds on accounts with more than $100,000 earn 1.30% APY – so not a big difference).

If you're out bonus hunting, CIT Bank doesn't have one at the moment – but it does offer you a very high interest rate so it's a bank you can stick with after you get the bonus. A competitive interest rate? Sign me up!

Learn more about CIT Bank

U.S. Bank START Smart Savings Program – $200

U.S. Bank has a START Smart program that rewards you for reaching savings goals. You need to open a Silver Checking Package and link it with a Package Money Market Savings account.

From there, you get a $50 goal reward when you reach your savings goal ($500 into your Package Money market Savings account) within 12 months of enrollment. You can also earn a 1% net bonus on debit purchases for gas and groceries during the 12 months.

Check the fees but the Silver checking package has an $8.95 monthly fee for paper statements, $6.95 monthly fee for estatements, and no fee if you open a Package Money Market Savings account and have combined monthly direct deposits of $1,000 or more OR have a combined average daily deposit balance of at least $1,500. Gold and Platinum have slightly higher fees but also the ability to waive them with other qualifications.

Get a promotion code sent to you
(No expiration shown)

KeyBank Premium Checking Account – $400

KeyBank will give you $400 when you open a KeyBank premium checking account with offer code RETK1117, make one direct deposit of $500 or more within 60 days. Keep an eye on the monthly fees and what you need to do to get them waived. Full details on the promotion page.

Offer code RETK1117 and enter your reservation number if prompted.

Learn more
(Offer expires 2/23/2018)

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The promotions below have EXPIRED — we keep these expired offers as an archive. Plus they can always come back! 🙂

Huntington Bank Asterisk-Free Checking – $150 (EXPIRED)

Huntington Bank is a bank that is headquartered in Columbia, Ohio and founded in 1866. They're a publicly traded company and part of the S&P 500 – and today you can get $150 for opening an Asterisk-Free Checking account and make deposits of at least $1,000 within 60 days. The online account has free mobile banking, free online bill pay, and nearly a thousand branches and 2,000 ATMs. There is no monthly maintenance fee and no minimum deposit to open the account.

Learn more
(Offer expired 10/31/2017)

Popular Community Bank – $500 (EXPIRED)

Popular Community Bank operates in New York, New Jersey, and South Florida (it's a limited geographic footprint, which is why it is listed so low on the page) that will give you up to $500 for a new Prestige or Everday checking account. It's a tiered bonus structure:

  • Get $200 when you open a new Popular Prestige Checking or Popular Everyday Checking account and set up direct deposit.
  • Get $300 when you open a new Popular Prestige Checking or Popular Everyday Checking account with a deposit of at least $10,000 in new money and maintain the $10,000 balance for 60 days.
  • Get $500 when you open a new account with direct deposit AND at least $10,000 in new money!

Check the fine print for additional terms, fees, and other rules.

Learn more
(Offer expired 10/31/2017)

Union Bank – $200 (EXPIRED)

Union Bank will give you $200 when you open a Banking By Design checking account and establish a direct deposit of $500+ or make at least 10 debit card purchases within 60 days of opening your account. You will get the bonus deposited during February 2018 and your account has to be active and in good standing. There is a $5 monthly service charge you can avoid if you have a direct deposit of $250+ or a mobile check deposit of $250 or more each statement period.

Learn more
(Offer expired 11/19/2017)

BBVA Compass – $200 (EXPIRED)

BBVA Compass will give you $200 if you open a new BBVA Compass consumer checking account with $25 (minimum) and receive a qualifying direct deposit within 60 days from an unrlated 3rd part (employer or government agency) of at least $300. $200 bonus will be deposited within 60 days.

The checking accounts that qualify include BBVA Compass ClearChoice Interest Checking, BBVA Compass ClearChoice Free Checking, Clearconnect Checking, and Easy Checking. Eligible accounts for residents of AL, AZ, CA, CO, FL, NM, TX include BBVA Compass ClearChoice Free Checking, BBVA Compass ClearChoice Interest Checking, ClearConnect Checking, and Easy Checking. Only BBVA Compass ClearChoice Interest Checking and ClearConnect Checking are eligible accounts for residents of all other states.

Learn more
(Offer expired 11/20/2017)

Bank of America (Existing Customers) – $300 (EXPIRED)

Bank of America runs a lot of promotions and one of their richest offers is for existing Bank of America customers (like credit card holders) who do not yet have a checking account. Open a Bank of America Core Checking or Interest Checking account and set up a qualifying direct deposit totaling $4,000 or more within the first 90 days of opening your account to get the $400 bonus. Both have monthly maintenance fees but can be waived if you meet other qualifications.

Learn more
(Offer expired 12/31/2017)

Wells Fargo – $200 (EXPIRED)

Get a $300 welcome bonus for new Wells Fargo Everyday Checking customers when you satisfy a few conditions:

  • Open an Everyday Checking account online or in person at a Wells Fargo branch (get the voucher from the page) with $25,
  • Within 150 days, receive a total of qualifying direct deposits of $500+ per month for three consecutive months,>/li>
  • Get the $200 bonus within 45 days.

The Everyday Checking account has a $10 monthly fee that gets waived if you satisfy a few easy conditions.

Learn more
(Offer expired 12/7/2017)

Citi Priority Account Package – $500 (EXPIRED)

Open a new checking account in The Citi Priority Account Package and you could get a $500 cash bonus. Just open an account, make a qualifying deposit of $50,000 or more in “new to Citibank funds” and maintain that $50,000 balance for sixty days, and within 60 days, get 1 qualifying Direct Deposit for 2 consecutive calendar months after you open the account.

There is a $30 monthly service fee that is waived when you maintain a balance of $50,000 or more and you get all sorts of other perks with the Citi Priority Account Package. It's a high dollar amount to keep in there but it's also $500 cash money.

Learn more
(Offer expired 12/31/2017)

Huntington Bank 5 Checking – $200 (EXPIRED)

Huntington Bank is a bank that is headquartered in Columbia, Ohio and founded in 1866. They're a publicly traded company and part of the S&P 500 – and today you can get $200 for opening an 5 Checking account and make deposits of at least $1,000 within 60 days. The online account has free mobile banking, free online bill pay, and nearly a thousand branches and 2,000 ATMs. There is a $5 monthly maintenance fee that is lowered to $0 if you have $5,000 in Total Relationship Balances.

Learn more
(Offer expired 1/7/2018)

Get that bonus money!

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