Getting some extra cash is possible by establishing a new checking account. To attract new clients, several banks provide monetary incentives. You need just be a current client and fulfill direct deposit criteria to be eligible. Banks that give out cash incentives to their customers tend to be more generous than those that don’t. Do some digging online to see how much more money you can make.
When deciding whether or not to create a new bank account, you should consider more than just financial benefits. Do some research online to get the best deal after factoring in the interest rates, fees, and other services different banks offer.
Look further than this list of the best checking account bonuses available today.
1. Citibank
Earn up to $1,500 in Bonuses!
You may get a $1,500 bonus when you open a new Citibank checking account. For this bonus, you must make a deposit to your new checking account during the first 20 days. After that first grace period of 60 days, you’ll be subject to the minimum balance requirement.
The cash incentive will be transferred into your account within 90 days of meeting all requirements. How much money you put into the account depends on how much you’ll get back. There are a total of three monetary bonus tiers to which you may be entitled:
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- If you put down $15,000, you’ll get $300.
- If you put in $50,000, you’ll get $700 back.
- With a $200,000 starting balance, you may earn $1,500.
2. PNC Bank
Earn up to $400 in Bonuses!
PNC Bank’s Virtual Wallet account gives you access to your money anywhere, anytime, from any device. Send and receive funds quickly, make purchases with the touch of a debit card, and use digital tools to better manage your finances.
Opening and using a Virtual Wallet with a Select Performance account will get you up to $400 in bonus funds. Opening a Virtual Wallet account will get you a $50 bonus. In contrast, a Virtual Wallet with a Performance Spend account would net you $200.
3. TD Bank
Earn up to $300 in Bonuses!
TD Bank is providing this extra opportunity. The TD Beyond Checking Account offers a $300 incentive for new account openings. To qualify, you need only have $2,500 deposited into your new checking account through direct deposit within the first 60 days of account activation.
Second, TD offers a $150 incentive to new clients who open a TD Convenience Checking account. All required is a direct transfer of $500 or more into your new account within the first 60 days of creating it.
Bonus funds will be deposited into your checking account within 140 days of meeting the requirements for each account.
4. BMO Harris Bank
Earn up to $350 in Bonuses!
Get $350 when you open a new Premier checking account with BMO Harris. If you create an eligible account, you have 90 days to receive at least $7,500 in direct deposits to meet the minimum qualification amount. Unlimited withdrawals and reimbursements for non-BMO Harris ATM surcharge fees are just two of the many valuable features of this account.
If you open a Smart Advantage Account or Smart Money Account, we’ll throw in an extra $200. A total of $4,000 in direct deposits into a qualified account during the first several months is required to redeem this offer.
5. Huntington Bank
Earn up to $300 in Bonuses!
Bonus funds are available for new clients to deposit into one of three different Huntington Bank checking accounts. You may get $300 just by opening a Huntington 25 Checking Account and depositing $25,000. The bonus will be sent to your account within 14 days of completing the conditions.
Check out the other two choices if you hope to get a bonus with a lesser initial investment. Customers may get a $150 incentive with the Asterisk-Free Checking account and a $200 bonus with the Huntington 5 Checking account. Both accounts’ bonuses may be claimed with only a $1,000 deposit.
6. Wells Fargo
Earn up to $300 in Bonuses!
Wells Fargo offered a $300 cash incentive to new customers who signed up for a new Everyday Checking account. To qualify for this incentive, you must make at least $1,000 in direct deposits to your new account during the first 90 days. The minimum beginning deposit is $25. The bonus cash will be deposited into the member’s account within 30 days of meeting the requirements.
Among the many advantages of being a Wells Fargo client are the following:
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- Store purchases made using a contactless reader.
- Swift monetary transactions
- Banking on the go using a mobile device.
Check Out Online Checking Account Comparisons
Bonuses offered by checking accounts are an incentive worth considering to the tune of hundreds of dollars just by opening a new account and using your debit card as usual. You must fulfill the minimum deposit and other account eligibility conditions to start.
If you haven’t already, it’s time to look for a bank online. See if you can find one that gives out cash incentives for opening an account. Depending on your chosen financial institution, you may get a cash bonus in as little as a few months.
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