Current is a neobank that makes it easier to manage your money. They offer up a Basic Checking and Premium Checking account, through Choice Financial Group or Metropolitan Commercial Bank, which means your money is FDIC insured up to $250,000 per account.
It’s just like a regular bank, with full FDIC insurance, except it’s technically a neobank.
That said, did you know that you can get $50 when you open an account and satisfy a few easy conditions?
Yes!
Here are the details:
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💰 Get $300, $700, or $1,500 from a Citi Priority Account Today!
Citi Priority is offering $300, $700, or $1,500 when you open a Citi Priority Account by 7/17/2022.
Then, within 20 days of opening your account, deposit New-to-Citi funds and keep it there for 60 days after the 21st day. The bonus is based on the amount you transfer.
This is a limited time offer so don’t wait!
Current.com $50 Welcome Bonus
Current Bank will give you $50 when you join and open a Premium Checking account and:
- Enter the Current Promo Code WELCOME50
- Connect a Payroll Direct Deposit of $200 or more within the first 45 days of opening your account (this must be from an employer or payroll provider by ACH deposit)
That’s it – it takes less than 2 minutes to sign up and the reward is paid 10 business days after the deposit is made to the account.
The only restriction is that you must be a new, first-time Current account holder and you cannot pair it with a referral reward.
The Current Premium Account has quite a few perks that you may like in your main bank including:
- Fee-Free overdraft up to $100 (if you have $500 in qualifying direct deposits each month)
- Get paid up to 2 days faster
- Mobile deposit through your phone
- Up to 15X points and cashback with your card at participating merchants
What Counts as a Direct Deposit?
The terms and conditions state that it must be from an employer or payroll provider by ACH deposit. I was able to accomplish this with a transfer from my Ally Bank account.
I set up the link from the Ally Bank side, which required the typical “two small deposits confirmation” process, and then initiated a $6,000 transfer from Ally Bank to Current. You only need $200 but because you get 4.00% APY on up to $6,000 in savings (you can set up three “Savings Pods” that each earn 4.00% APY right now, with a maximum of $2,000 in each pod), so I opted to do that.
Within a few days, I saw this in the app:
How Does This Offer Compare?
If you are looking at opening a Current account, this offer is better than no offer. You might as well get fifty bucks if you’re going to be opening the account anyway!
What I find most appealing about Current is that with the savings pods, you can earn 4.00% APY on up to $6,000.
If you’re searching for a bank and want to find the highest cash offer available as a bonus, $50 is not great, especially for an offer the requires a direct deposit. I think a good bonus starts at $100 and many are in the several hundreds of dollars.
Here are some of the better ones:
⭐Citi Priority Account – $300, $700, or $1,500
Citi Priority is offering $300, $700, or $1,500 bonus when you open an account by 7/17/2022. Then, within 20 days of opening your account, deposit at least $15,000 in New-to-Citi funds and keep it there for 60 days after the 21st day. The bonus amount is based on how much you can transfer but the lowest tier starts at $15,000.
Discover Online Savings Account – $150 or $200
Discover Bank is offering a $150 or $200 bonus when you open your first Discover Online Savings Account with the promotion code WH222 and deposit at least $15,000 into the account within 30 days. You get $150 if you deposit $15,000 or more and $200 if you deposit $25,000.
Chase Total Checking® – $200
Chase Bank will give you $200 when you open a Total Checking account and set up direct deposit 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!
SoFi Money – up to $300
SoFi Money will give you up to $300 if you open an account and make direct deposits of at least $1,000. The bonus will be based on the total amount of those direct deposits in a 30-day evaluation period.
HSBC Premier Checking – $450
HSBC has an offer where you can get $450 for eligible new customers who open an HSBC Premier checking account and make recurring monthly qualifying direct deposits of at least $5,000 for 3 consecutive months.
Huntington Bank – up to $300
If you are a resident of Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin then you could get up to $300 from Huntington Bank for opening a new checking account. There are several checking accounts that qualify but they’re great offers if you live in their geographic region.
TD Bank – $300 or $150
TD bank has two bank offers for checking accounts and both are fairly easy to attain. For example, get $300 when you open a TD Beyond Checking account and receive direct deposits of $2,500 or more within 60 days of opening your account.
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