Sandy Spring Bank: $300 New Checking Account Bonus Promotion

If you’ve been thinking about opening a new checking account at Sandy Spring Bank, you’ll be happy to learn that you could get a $300 bonus.

Sandy Spring Bank is located in the mid-Atlantic region and has over 50 locations, most of which are located in the Washington D.C.-Maryland-Virginia area. Their official geographic footprint includes DE, MD, PA, WV, VA or Washington D.C. They are FDIC insured #4865 as a State Chartered Bank.

If you’re interested in finding out how to get $300 when you open a new checking account, here’s how:

Table of Contents
  1. How to get $300 from Sandy Spring Bank
  2. How Does This Offer Compare?

💰 BMO Bank – $400

BMO Bank has a generous and easy offer – get up to $400 when you open a new checking account and set up direct deposits that meet their requirements.

The size of your direct deposit determines your bonus – it’s a limited time offer so don’t delay!

Learn more about this offer

🔃Updated November 2023 with the latest details of the promotion with an expiration date of November 30th, 2023. The terms of the offer have not changed, only the bonus amount ($300) and expiration date.

How to get $300 from Sandy Spring Bank

The terms for getting the $300 bonus are really simple:

  1. Open a new checking account at Sandy Spring bank,
  2. 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)
  3. Get your bonus within 125 days of meeting the requirements.

This is 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..

The only downside to this offer is the longer time frame but the My Free Banking checking account has no monthly maintenance fees so you won’t be charged for waiting. (there also appears to be an early account termination fee of $25 if you close within 180 days)

Get this offer from Sandy Spring Bank

(Offer expires 11/30/2023)

How Does This Offer Compare?

If you live in the geographic footprint, it’s a pretty strong offer from a basic checking account. There is a downside of having to wait so many statement cycles but without any fees, it’s just your time. Plus, for a basic checking account, it checks all the boxes and might be a good place to do your brick and mortar banking.

As for the bonus amount, $300 is pretty good. Here are the nationally available offers, many of which require a direct deposit but not for nearly as long a period of time:

BMO Relationship Checking – $400

BMO Bank is offering a $400 bonus* when you open a BMO Relationship Checking and when you have at least $7,500 in qualifying direct deposits within the first 90 days. It is a very straightforward offer that is available nationwide.

*Conditions apply

👉 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 WH124 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® – $300

Chase Bank will give you $300 when you open a Total Checking account and set up and receive direct deposits totaling $500 or more 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

HSBC Premier Checking – up to $4,000

HSBC has an offer where you can get up to $4,000 for eligible new customers who open an HSBC Premier checking account, make a sizable deposit, and make recurring monthly qualifying direct deposits of at least $5,000 for 3 consecutive months.

👉 Click here to learn more

Other Posts You May Enjoy:

CIBC Promotions: $200 for Checking Account

CIBC Bank USA is the US-based bank out of Chicago and a subsidiary of a Canadian financial institution. They offer a nice bonus on an online savings account that does not require a direct deposit.

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.

As Seen In: