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:
💵 U.S. Bank – up to $450
Earn up to $450 when you open a new U.S. Bank Smartly® Checking account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through 6/18/2026. Member FDIC.
Get started with an initial deposit of $25 within 30 days. Offer may not be available if you are an existing U.S. Bank customer or live outside of the U.S. Bank footprint.
🔃Updated May 2024 that the offer has expired.
How to get $300 from Sandy Spring Bank [EXPIRED]
Editor’s Note: As of April 15th, 2023, Sandy Spring Bank is no longer offering this new account bonus. For other bank bonuses, check out our post on the best bank bonuses and promotions or click here to sign up for our email newsletter and get notified of new bank promotions.
The terms for getting the $300 bonus are really simple:
- Open a new checking account at Sandy Spring bank,
- 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)
- 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 4/14/2024)
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:
U.S. Bank – up to $450
Earn up to $450 when you open a new U.S. Bank Smartly® Checking account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through 6/18/2026. Member FDIC.
Get started with an initial deposit of $25 within 30 days. Offer may not be available if you are an existing U.S. Bank customer or live outside of the U.S. Bank footprint.Barclays – $200
Barclays Bank will give you a $200 if you open a new savings account and deposit $30,000 within 30 days of opening the account. The savings account also pays a competitive interest rate of 3.75% APY while you wait.
BMO Checking – $400
BMO is offering a $400 bonus* when you open a BMO Checking account and have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening. It is a very straightforward offer that is available nationwide.
*Conditions apply
Capital One 360 Checking – $250
Capital One 360 has a $250 cash bonus when you open a new account and then receive two direct deposits each of $500 or more within 75 days of account opening. Valid for new 360 Checking account customers. If you had a If you had a 360 Checking, Simply Checking, or Total Control Checking account with Capital One on or after January 1, 2022, you are ineligible.
Bank of America – up to $500 cash offer
Bank of America offers a up to $500 cash offer cash bonus if you open a new account and To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct Deposits received in the first 90 days. . It has a monthly fee that is easy to get waived.
