Checking Bonus – up to $200

I first learned about through the Raisin platform (formerly SaveBetter) because they were offering a high interest rate on their money market deposit account.

They’re the online bank subsidiary of Liberty Savings Bank and while they’re relatively new, their parent bank has been around for quite some time.

If you’ve been thinking about opening an checking account, known as their “spend” account, you will want to learn about the bonus they are offering – get up to $200.

Table of Contents
  1. How to get up to $200 from
  2. Who is
  3. How does this compare?

How to get up to $200 from

The promotion appears to have ended but they appear to have paused all new account applications – “We are at capacity for processing new applications at this time. Please join our waitlist to get notified when applications are open again. has a multi-step bonus where you can get up to $200 in cash for satisfying a few conditions over the course of a year. The sticking part of this deal is the length of time, 12 consecutive months, but if you’re OK with that, the cash is yours.

First, start by opening a new “spend” account.


  • Get $100 after opening any 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 expiration not shown)

Who is

mph stands for Make People Happy and they are the online bank of Liberty Savings Bank, which was founded in 1889. Liberty Savings Bank is FDIC insured #32242 . They are a relatively small bank, with just six locations in two states (main office in Ohio and six branches in Florida, which is quite the setup), but is online so available nationwide. itself was founded in 2018 and they aim to give “value to our customers instead of buying expensive traditional media, building grandiose branches with coffee bars, or sponsoring gargantuan professional sports stadiums.”

How does this compare? had previously offered a $100 bonus with easier requirements but this one requires you to do all the requirements for a full year. That lone is enough for many to balk at the offer but it’s available if that’s something you’re interested in because the bonus is certainly high enough for such relatively low requirement amounts (even if duration is long).

⭐ BMO Smart Advantage Checking – $400

BMO Bank is offering a $400 bonus* when you open a BMO Smart Advantage Checking 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.

*Conditions apply

👉 Click here to learn more

⭐Citi Priority Account – up to $2000

Citi Priority is offering up to $2000 bonus when you open an account by 1/9/2024. Then, within 20 days of opening your account, deposit at least $10,000 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 $10,000.

👉 Click here to learn more

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 WH923 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.

👉 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 account within 90 days of account opening. It has a monthly fee that is easy to have waived.

👉 Click here to learn more

Chase Total Checking® – $200

Chase Bank will give you $200 when you open a Total Checking account and set up and receive a 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!

👉 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 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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