Looking for a new checking, savings or business bank account? Check out these promotions with no direct deposit needed.
Direct deposit requirements are one of the biggest obstacles when signing up for bank bonus. For checking accounts, you might even need a certain minimum balance or direct deposit to waive the monthly fee.
And now, a few banks and credit unions are offering generous promotions with no direct deposit required.
Read this review to compare the best deals for checking/savings and money market accounts, and even business checking accounts.
Huntington National Bank Huntington 5 Checking $200 bonus. What you get: $200 bonus. How you earn it: Open a new Huntington 5 Checking account by Oct. 7, 2021, deposit at least $1,000 in new-to. Santander Bank is offering a $225 bonus to customers who open a Simply Right Checking account. 8 With a minimum opening deposit of $25, and direct deposits totaling $1,000 or more within the. Chase Total Checking® – $225 Bonus. Open a new Chase Total Checking® account and set up direct deposit within 90 days of coupon enrollment. You’ll then receive a $225 bonus within 15 business days. There is a $12 monthly fee, but it’s waived if you meet at least one of the following criteria in each monthly statement period.
- Hot Promotions With No Direct Deposit Requirement
- Checking Bonuses
- Savings Offers
Promotions Without Direct Deposit Required
Rewards Checking - Up to 1.25% APY
- Up to 1.25% APY
- No minimum balance requirements
- No fees to open or maintain account
- Overdraft Protection
Top Checking Account Bonuses
Citibank: Citi Priority Account Package - $1,500 Bonus
- Earn $1,500 when you open a new account with required activities
- Open new eligible checking and savings account in the Citi Priority Account Package during the offer period 7/1/21 - 10/4/21
- Within 20 days of opening, deposit $200,000 in New-To Citibank funds between the new checking and savings accounts
- Maintain a minimum balance of $200,000 between the checking and savings accounts for an additional 60 consecutive calendar days from the 21st day
- After all required activities are met, the $1,500 bonus will be deposited to your account within 90 calendar days
Citibank: Citi Priority Account Package - $700 Bonus
- Earn $700 when you open a new account with required activities
- Open new eligible checking and savings account in the Citi Priority Account Package during the offer period 7/1/21 - 10/4/21
- Within 20 days of opening, deposit $50,000 in New-To Citibank funds between the new checking and savings accounts
- Maintain a minimum balance of $50,000 between the checking and savings accounts for an additional 60 consecutive calendar days from the 21st day
- After all required activities are met, the $700 bonus will be deposited to your account within 90 calendar days
Citibank: Citi Priority Account Package - $300 Bonus
- Earn $300 when you open a new account with required activities
- Open new eligible checking and savings account in the Citi Priority Account Package during the offer period 7/1/21 - 10/4/21
- Within 20 days of opening, deposit $15,000 in New-To Citibank funds between the new checking and savings accounts
- Maintain a minimum balance of $15,000 between the checking and savings accounts for an additional 60 consecutive calendar days from the 21st day
- After all required activities are met, the $300 bonus will be deposited to your account within 90 calendar days
TIAA Bank: Yield Pledge Checking
- 1-year 0.10% intro APY on balances up to $250,000
- $5,000 Minimum Opening Deposit
- No monthly service fee
- U.S. ATM fees reimbursement (unlimited with minimum average daily balance of $5,000; otherwise up to $15/monthly)
- Top 5% yields always
- Daily Compounding Interest
- FDIC insured
Citibank: Citi Account Packages - Up to $1,500 Bonus
Earn up to $1,500 cash bonus with required activities. Open a new eligible checking account and savings account in the same account package for Citigold, Citi Priority, and Citi Account Package. Within 20 days of account opening, fund your new checking and/or savings account with the required minimum deposit. Maintain the required minimum balance in the account/s for additional 60 consecutive calendar days from the 21st day to earn corresponding cash bonus.
| Account Package | Minimum Deposit and Minimum Balance | Cash Bonus |
|---|---|---|
| Citigold Package | $200,000 | $1,500 |
| Citi Priority Account Package | $50,000 | $700 |
| Citibank Account Package | $15,000 | $300 |
Citibank: Citigold Package - $1,500 Bonus
Earn $1,500 cash bonus with required activities. Open a new eligible checking and savings account in the Citigold Account Package. Within 20 days of opening your account, deposit $200,000 New-to-Citibank funds into the checking and/or savings account. Maintain a minimum balance of $200,000 between the checking and/or savings accounts for 60 consecutive calendar days.
Citibank Account Package - $300 Bonus
Earn $300 cash bonus with required activities. Open a new eligible checking and savings account in the Citibank Account Package. Within 20 days of opening your account, deposit $15,000 New-to-Citibank funds into the checking and savings account. Maintain a minimum balance of $15,000 between the checking and savings account for 60 consecutive calendar days.
Waukesha State Bank: Checking Account - $100 Bonus
Open a qualifying checking account using promo code DDA100GEO21 and get $100 bonus. The $100 bonus is valid only for the following checking accounts: Free Checking with Direct Deposit, Simple Checking, Senior Advantage Checking, Advantage Plus Checking, Interest Checking, Student Checking and Value Added Checking Plus.
BMI Federal Credit Union: Free Checking Account - $150 Bonus
Open a new Free Checking account using promo code NEWCHK21. Within 90 days of account opening, deposit at least $20, make a minimum of 30 Visa debit card transactions of at least $5/each, and sign up for electronic statements. Cash bonus of $150 will be deposited in the member's savings account within 10 business days after all qualifications have been met.
BMI FCU is open to everyone who lives, works, worships or attends school in Franklin, Licking, Fairfield, Pickaway, Madison, Union, Delaware or Morrow County in Ohio.
Banks With Saving Account Bonus
Ent Credit Union: Personal Checking Account - $200 Bonus
Open a new qualifying checking account using promo code CH200A. To qualify for bonus, complete the following within 30 days of account opening: meet membership and account qualifications, hold $5 in a savings account, make a minimum deposit of $100 into new checking account, and activate debit card.
Tower Federal Credit Union: Prime Share Account - $100 Bonus
Open a new Prime Share account online or in branch. Use promo code CWFGOLF2021 at account opening. $100 bonus will be deposited in a qualified Prime Share account within 6-8 weeks from account opening.
Tower Federal Credit Union: Prime Share Account - $100 Bonus
Open a new Prime Share account online or in branch. Use promo code CVD2021 at account opening. $100 bonus will be deposited in a qualified Prime Share account within 6-8 weeks from account opening.
Regions Bank: Personal Checking Account - $200 Bonus
Open a new personal LifeGreen Checking account. Use promo code WINTER2021 when you open online, or register and present your personalized email voucher when you open your account at a local branch. Maintain an average daily balance of at least $500 for the first 60 days after account opening.
Firstrust Bank: Personal Checking Account - $100 Bonus
Open a new FirstPay Eagles Premier Checking account. Make a Visa purchase of $100 or more within 60 days of new account opening. 10,000 bonus points will be given within 60 days of completing requirements. Bonus points can be redeemed for $50 gift card for every 5,000 points.
Firstrust Bank: Personal Checking Account - $50 Bonus
Open a new FirstPay Eagles Checking account. Make a Visa purchase of $100 or more within 60 days of new account opening. 5,000 bonus points will be given within 60 days of completing requirements. Bonus points can be redeemed for $50 gift card for every 5,000 points.
Local First Bank: First@Work Banking Program - $100 Bonus
Open a new First Bank First@Work checking account. Activate debit card and enroll in rewards program within 45 days of account opening. Make at least one qualifying transaction with your First Bank debit card within 45 days of account opening.
Fort Hood National Bank: Military Saves Account - Up to $100 Bonus
Open a new Military Saves account. FHNB will match the initial opening deposit amount up to a maximum of $100. To qualify for bonus, complete the following activities: make a minimum initial opening deposit of $20, maintain an FHNB checking account and Military Saves account for 12 consecutive months, make deposits to your Military Saves Account that, in total, are at least equal to the amount of the initial opening deposit for the 11 consecutive months that follow the month in which the initial opening deposit was made.
Freedom Federal Credit Union: Personal Checking Account - $100 Bonus
Offer is valid only to members of Harford County Association of REALTORS (HCAR). Open a new qualifying checking account. Deposit $100 or more within 90 days to get bonus. Checking account must be opened along with a new Freedom Retail/Consumer membership.
Spire Credit Union: Personal Checking Account - $100 Bonus
Get $100 when you open a Spire Free Checking account.
Stanford Federal Credit Union: Personal Checking Account - $100 Bonus
Get $100 bonus when you open a new personal checking account within six months of graduation. Proof of graduation needed. Available to new Stanford FCU members only.
Community Credit Union Florida: Personal Checking Account - $100 Bonus
Open select CCU Debit/Checking account using promo code MK-100. To qualify for $100 bonus, you must do the following within 60 days of account opening: sign up for eStatements, use your new debit card 20 times to make purchases or payments in any amount, and download the CCU Mobile App and use it at least once.
Paradise Valley Credit Union: Personal Checking Account - $100 Bonus
Open a new qualifying PVFCU checking account. Apply for a debit card and complete at least 5 eligible debit card transactions posted to the account within 60 days of account opening.
Arizona Federal Credit Union: Personal Checking Account - $100 Bonus
Open a new checking account using promo code PHXRISING. Complete 10 or more debit card transactions within 45 days of account opening.
Community Credit Union Florida: Personal Checking Account - $125 Bonus
This offer is available to school employees only. Open a new qualifying checking account using promo code MK-125. To qualify for $125 bonus, you must do the following within 60 days of account opening: sign up for eStatements, use your new debit card 20 times to make purchases or payments in any amount, and download the CCU Mobile App and use it at least once.
Valley National Bank: Personal Checking Account - $150 Bonus
Open a new Valley My Choice Checking account with minimum opening deposit of $25. Receive $75 for activating Mobile Banking. Receive $75 for either completing a minimum of 20 debit card transactions of at least $5 OR for enrolling in online banking and completing three online bill payment transactions. Activities must be completed within 60 days of account opening to receive bonuses. Account must be enrolled in paperless statements with in the first 60 days of account opening.
Palisades Federal Credit Union: Personal Checking Account - $300 Bonus
Open a new Palisades Checking account and deposit $15,000 or more on account opening. Maintain at least $15,000 in account for 90 days. Bonus will be deposited to your account within 30 business days after completing requirements.
Diversified Members Credit Union: Personal Checking Account - Up to $120 Bonus
Open a Give Back Credit Union Rewards Checking account. Get $10 deposited monthly to your checking account when you complete the following: have at least 15 debit card transactions every month, and be enrolled in online banking and eStatements.
Abington Bank: Personal Checking Account - Up to $200 Bonus
Open a new Green Checking or NOW checking account. Earn $100 when you set up qualifying direct deposits of at least $25 or activate online banking, and complete 5 qualifying debit card transactions within 60 days of account opening. Earn $50 when you make 5 bill payments using online banking and enroll in eStatements within 60 days of account opening. Earn $50 when you keep your account open and in good standing for 12 months or more.
Valley National Bank: Personal Checking Account - Up to $240 Bonus
Open a new Valley All Access Rewards Checking account with minimum opening deposit of $100. Receive a cumulative total of $750 or more in qualifying direct deposits per month. Reward is paid over 12 month period, $20 each month.
Campus USA Credit Union: Rising Star Checking Account - $100 Bonus
Open a new Rising Star Checking account. Have at least 3 debit card transactions per month for 3 months.
Rising Star Checking account is designed specifically for kids aged 13-17. Adult Joint Owner required. Joint owner must be 18 years or older. Bonus will be deposited to the checking account after the third month of required usage.
Popular Savings Account Offers
Ally Bank: Online Savings Account - 0.50% APY
$0 minimum opening deposit. No minimum balance requirement. No fees to open or maintain account.
Synchrony Bank: High Yield Savings - 0.50% APY
$0 minimum opening deposit. No minimum balance requirement. No fees to open or maintain account.
Popular Direct: Plus Savings Account
- 0.45% APY
- $5,000 Minimum Opening Deposit
- $4 monthly service fee; waived with a daily minimum balance of $500
- Daily Compounding Interest
- FDIC Insured
- Minimum Deposit Required:$5,000
Citibank: Citi Savings Account - Up to $2,000 Bonus
Earn up to $2,000 cash bonus with required activities. Open a new eligible Citi Savings account. Client must enroll in this offer at the same time they open the eligible Citi Savings account. Deposit qualifying new-to-Citibank funds within 20 days of opening savings account. Maintain the qualifying balance in the account for 60 consecutive days from the date the minimum deposit is reached to receive corresponding cash bonus. Offer available in NY, CT, MD, VA, DC, CA, NV, NJ, or select markets in FL or IL.
| Minimum Deposit and Minimum Balance | Cash Bonus |
|---|---|
| $10,000 - $24,999 | $20 |
| $25,000 - $49,999 | $50 |
| $50,000 - $99,999 | $100 |
| $100,000 - $249,999 | $200 |
| $250,000 - $499,999 | $500 |
| $500,000 - $999,999 | $1,000 |
| $1,000,000+ | $2,000 |
Citibank: Citi Savings Account - $1,000 Bonus
Earn $1,000 cash bonus with required activities. Open a new eligible Citi Savings account. Client must enroll in this offer at the same time they open the eligible Citi Savings account. Deposit $500,000 - $999,999 new-to-Citibank funds within 20 days of opening savings account. Multiple deposits allowed. Maintain $500,000 - $999,999 in account for 60 consecutive days from the date the minimum deposit is reached to receive $1,000 bonus. Offer available in NY, CT, MD, VA, DC, CA, NV, NJ, or select markets in FL or IL.
Citibank: Citi Savings Account - $100 Bonus
Earn $100 cash bonus with required activities. Open a new eligible Citi Savings account. Client must enroll in this offer at the same time they open the eligible Citi Savings account. Deposit $50,000 - $99,999 new-to-Citibank funds within 20 days of opening savings account. Multiple deposits allowed. Maintain $50,000 - $99,999 in account for 60 consecutive days from the date the minimum deposit is reached to receive $100 bonus. Offer available in NY, CT, MD, VA, DC, CA, NV, NJ, or select markets in FL or IL.
Citibank: Citi Savings Account - $2,000 Bonus
Earn $2,000 cash bonus with required activities. Open a new eligible Citi Savings account. Client must enroll in this offer at the same time they open the eligible Citi Savings account. Deposit $1,000,000 or more new-to-Citibank funds within 20 days of opening savings account. Multiple deposits allowed. Maintain $1,000,000 or more in account for 60 consecutive days from the date the minimum deposit is reached to receive $2,000 bonus. Offer available in NY, CT, MD, VA, DC, CA, NV, NJ, or select markets in FL or IL.
Citibank: Citi Savings Account - $20 Bonus
Earn $20 cash bonus with required activities. Open a new eligible Citi Savings account. Client must enroll in this offer at the same time they open the eligible Citi Savings account. Deposit $10,000 - $24,999 new-to-Citibank funds within 20 days of opening savings account. Multiple deposits allowed. Maintain $10,000 - $24,999 in account for 60 consecutive days from the date the minimum deposit is reached to receive $20 bonus. Offer available in NY, CT, MD, VA, DC, CA, NV, NJ, or select markets in FL or IL.
Citibank: Citi Savings Account - $200 Bonus
Earn $200 cash bonus with required activities. Open a new eligible Citi Savings account. Client must enroll in this offer at the same time they open the eligible Citi Savings account. Deposit $100,000 - $249,999 new-to-Citibank funds within 20 days of opening savings account. Multiple deposits allowed. Maintain $100,000 - $249,999 in account for 60 consecutive days from the date the minimum deposit is reached to receive $200 bonus. Offer available in NY, CT, MD, VA, DC, CA, NV, NJ, or select markets in FL or IL.
Citibank: Citi Savings Account - $50 Bonus
Earn $50 cash bonus with required activities. Open a new eligible Citi Savings account. Client must enroll in this offer at the same time they open the eligible Citi Savings account. Deposit $25,000 - $49,999 new-to-Citibank funds within 20 days of opening savings account. Multiple deposits allowed. Maintain $25,000 - $49,999 in account for 60 consecutive days from the date the minimum deposit is reached to receive $50 bonus. Offer available in NY, CT, MD, VA, DC, CA, NV, NJ, or select markets in FL or IL.
Citibank: Citi Savings Account - $500 Bonus
Earn $500 cash bonus with required activities. Open a new eligible Citi Savings account. Client must enroll in this offer at the same time they open the eligible Citi Savings account. Deposit $250,000 - $499,999 new-to-Citibank funds within 20 days of opening savings account. Multiple deposits allowed. Maintain $250,000 - $499,999 in account for 60 consecutive days from the date the minimum deposit is reached to receive $500 bonus. Offer available in NY, CT, MD, VA, DC, CA, NV, NJ, or select markets in FL or IL.
HSBC Direct Savings - 0.15% APY
- Earn 0.15% APY on all balance tiers
- No monthly maintenance fee
- Minimum balance to open account is $1
- Member FDIC
Regions Bank: LifeGreen Savings Account – Up to $100 Annual Savings Bonus
Earn a 1% annual savings bonus (up to a maximum of $100) when you open a LifeGreen Savings Account AND have or open a Regions checking account. You must set up a monthly automatic transfer of at least $10 from your Regions checking account to LifeGreen Savings account. Your bonus is based on the average monthly balance for 12 months. The maximum bonus is $100. There is a minimum opening deposit of $50 if you apply online. Available to residents of AL, AR, FL, GA, IL, IN, IA, KY, LA, MS, MO, NC, SC, TN and TX.
MidFirst Bank: iSave Savings Account - $25 Bonus
Open a new iSave savings account with minimum opening deposit of $25. Make 12 consecutive monthly deposits to your iSave account and MidFirst will match 50% (up to $25) of the average of your highest single deposit each month. iSave savings account is for anyone under age 17.
Republic Bank of Chicago: Savings Account - $250 Bonus
This offer is available to military veterans and service members only. Open a new Freedom Savings account with minimum opening deposit of $25. Maintain a minimum balance of $2,500 for three consecutive months in your savings account and receive bonus. This offer requires the customer to call or visit a banking center to talk with a personal banker/manager to obtain bonus.
Best Business Account Promotions
PNC Bank: Business Checking Account - $200 Bonus
Open a new PNC Business Checking or PNC Business Checking Plus account. Maintain an average cycle balance of $5,000 in your new checking account for each of the first three statement cycles. Make at least 20 qualifying PNC Bank Visa Debit card transactions within the first three statement cycles.
This offer is only available to businesses with an annual revenue of less than $5 million. All existing business checking customers, including those who have closed an account in the past 90 days or has received a promotional premium in the past 12 months are not eligible for this offer. $200 bonus will be credited to your new business checking account within 90 days after all conditions have been met.
- Direct Deposit Required:No
- Minimum Deposit Required:$5,000 within 30 days
PNC Bank: Business Checking Account - $500 Bonus
Open a new PNC Treasury Enterprise Plan or Analysis Business Checking account. Maintain an average cycle balance of $30,000 in your new checking account for each of the first three statement cycles.
This offer is only available to businesses with an annual revenue of less than $5 million. All existing business checking customers, including those who have closed an account in the past 90 days or has received a promotional premium in the past 12 months are not eligible for this offer. $500 bonus will be credited to your new business checking account within 90 days after all conditions have been met.
- Direct Deposit Required:No
- Minimum Deposit Required:$30,000 within 30 days
Getting Paid Without Direct Deposit
Direct deposit makes it easy to receive payments. But there are other ways to get paid too if you don't want to set up direct deposit.
- Paper checks: With mobile check deposits, it's easy to snap a photo of a check and deposit it into your bank account, right from the app.
- Electronic transfers: Platforms like PayPal allows businesses to send money to an employee's personal account.
- Payroll cards: This is a prepaid card (by Visa or Mastercard) where the employer can load the employee's wages. You can use it just like a debit card.
Bottom Line
These are some of the best bank promotions without direct deposit. Whether it's bonus money for opening a new account, lower fees or a higher interest, you're sure to find something in this list. More even more bank promotions, check out this page.
Write to Kevin L at feedback@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.
Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.
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When you find a solid savings or checking account, chances are, you’ll get comfortable with your bank – and you’ll never want to switch.
If the bank ticks all the boxes for you – like providing quick access to your money, an easy-to-use mobile app, decent APY, and no monthly maintenance fees – why would you ever want to move your account elsewhere?
It is, after all, a lot of work to change banks! I completely get that.
But by staying with one bank your whole life, you’re missing out on some very attractive checking and savings account offers. I’m talking generous cash bonuses, which you could get just for opening a checking or savings account (or both!).
Whether you’re interested in what the best checking account offers are, or what rewards you could get for opening a new savings account – read on, because, in this post, I’m sharing the ultimate best bank account bonus offers right now.
Best Bank Promotions & Bonus Offers July 2021
Here are the best bank bonuses available right now:
- Wells Fargo Bank – $400 bonus (currently unavailable)
- Chase Premier Plus Checking – $300 bonus (currently unavailable)
TD Bank Beyond Checking – $300 Bonus
You can earn a $300 sign-up bonus with the TD Beyond Checking account when you open a new account and make $2,500 in direct deposits in the 60 days from account opening.
With TD Bank, you get access to approximately 1,300 free ATMs in the U.S. and get reimbursed for fees from other ATMs if you maintain a minimum daily balance of $2,500.
There is a monthly maintenance fee of $25, but you can go fee-free if you set up a monthly direct deposit of $5,000 or more, or maintain a daily balance of at least $2,500, or have a $25,000 combined balance across eligible TD accounts.
With TD Bank, you’ll also earn interest on your checking account. It may be small (up to 0.05% APY) – but that still means your money is growing. It could add up, especially if the amount you deposit into your account is quite substantial.
TD Bank often offers very attractive combined bonuses, too – for example, previously you could get up to $500 for opening a TD Beyond Checking account and a TD Preferred Savings account. The offer ended in August, but make sure you keep an eye out for new combo deals.
How To Qualify:
To qualify, deposit $25 into your new account, then receive at least $2,500 worth of qualifying deposits within 60 days.
Chase SavingsSM Account – $150 Bonus (expired)
If you’re looking for a large national bank to store your cash, the Chase SavingsSM account is a great place to do so. Plus you’ll get access to 16,000 ATMs and more than 4,700 branches. This is an interest-earning account; however, it’s not the highest at 0.01% APY.
You can get a $150 bonus just by signing up and completing the offer requirements listed below.
How To Qualify:
Once approved, you will have to 20 business days to transfer a total minimum amount of $10,000 in new money and keep that balance for 90 days.
HSBC Advance Checking OR Premier Checking – up to $600 Bonus
To receive up to a whopping $600 welcome bonus, you may want to consider becoming a customer of HSBC. HSBC is offering excellent cash bonuses for opening an HSBC Premier Checking account before June 30, 2021.
You can earn up to $600 if you open an HSBC Premier Checking account and complete qualifying activities (such as making recurring Direct Deposits of at least $5,000 from a third party to the HSBC Premier checking account each month, and receiving monthly Direct Deposits totaling at least $5,000 into the checking account for 3 consecutive months from the second month of account opening).
You’ll get your bonus approximately eight weeks after completing these qualifying activities.
Alternatively, you can get a $450 welcome bonus with a new HSBC Advance Checking account. To qualify, you’ll need to set up qualifying direct deposits into your new HSBC Advance checking account of at least $500 for 3 consecutive months.
You’ll get your bonus approximately eight weeks after completing these qualifying activities.
Both accounts come with no foreign transaction fees and no ATM fees – but a monthly fee may apply if you don’t meet the requirements above, so before you do apply for one of these accounts, make sure you can meet them.
How To Qualify:
To qualify for the HSBC Premier Checking bonus – make recurring Direct Deposits of at least $5,000 from a third party to the HSBC Premier Checking account per month + receive monthly Direct Deposits totaling at least $5,000 for 3 consecutive months from the second month of account opening.
To qualify for the HSBC Advance Checking bonus – make recurring monthly qualifying direct deposits totaling at least $500 from a third party to you new account for 3 consecutive months from the second month of account opening.
Chase Total Checking – $200 Bonus (Expired)
New customers who open a Chase Total Checking accounts can earn a $200 sign-up bonus when you setup direct deposit within 90 days!
This account does have a monthly service fee – but you can avoid paying that if you know how to play by the rules. With Chase Total Checking account, either receive direct deposits totaling $500 per monthly statement period, maintain a balance of $1,500 or more at the beginning of each day or an average beginning day balance of $5,000 in any combination of this account as well as linked Chase checking, savings, or other balances – and you won’t pay the monthly fee.
How To Qualify:
Best Bank Bonuses No Direct Deposit
Open a Chase Total Checking account and set up a direct deposit to qualify for a $200 bonus. Sounds pretty awesome, right?
Bank of America – $100 Bonus
If you’re looking for a no-fuss way to qualify for a sign-up bonus, Bank of America offers just that.
Open a new checking account by June 30, 2021, and set up + receive at least two qualifying direct deposits of $250 within the first 90 days of account opening. And – voila – the $100 bonus is yours!
The offer is only valid to new Bank of America checking account customers, so if you already have a checking account with the bank, you won’t qualify. There are three Bank of America checking accounts to choose from:
- Bank of America Advantage SafeBalance Banking: $25 opening deposit
- Bank of America Advantage Plus Banking: $100 opening deposit
- Bank of America Advantage Relationship Banking: $100 opening deposit
Each account has a minimum opening deposit as well as monthly service fees, but there are ways to waive the fees (for example, enrolling in Preferred Rewards, meeting minimum balance requirements, and having a qualifying minimum direct deposit).
How To Qualify:
To qualify, open one of the three checking accounts using the link below by June 30, 2021, and set up and receive two or more qualifying direct deposits of $250 or more within the first 90 days of account opening
Capital One Bonus Offers – Up to $100 Bonus (expired)
Capital One offers sweet cash bonuses to new customers that open one of the accounts below:
- Earn up to a $100 bonus for opening a Capital One 360 Performance Savings Account – and depositing money into it. Depositing between $250 and $9,999.99 into your new savings account will guarantee a $25 bonus while depositing $10,000 or over will earn you $100.
- Get a $25 bonus for opening a Capital One 360 Checking Account with a minimum deposit of $250. You will also need to make at least three debit card purchases (or Person2Person payments) within 45 days of opening your account. Your bonus will then be transferred to your account on day 50!
The good thing about these accounts is that there are no maintenance fees nor minimums – although to qualify for the bonuses, you will need to move some money around.
Bear in mind that your bonus is only valid for one account, so you actually can’t open both and get a $125 bonus according to the T&Cs, which is a bit of a shame.
How to Qualify:
To receive this bonus, open a new 360 Performance Savings account and deposit $250 or more into your new account ($10,000 or more if you’re after the big bucks!) or open a 360 checking account and deposit $25 or more and make at least three debit card purchases
Wells Fargo Everyday Checking – $400 Bonus (expired)
Wells Fargo is rewarding new customers with a limited time $400 bonus for opening a new Everyday Checking account.
The account can be opened in a few easy steps online, which is a bonus if you prefer an online experience over visiting a bank branch.
The account does come with a $10 monthly service fee, which can be avoided if you meet any of the following requirements:
- Making ten or more posted debit card transactions
- Qualifying direct deposits totaling $500
- Have a $1,500 minimum daily balance
- Have a linked Wells Fargo Campus Debit Card or Campus ATM
- Must be 17 to 24 years old
How To Qualify:
To qualify for the Wells Fargo Bonus Offer, you will need to open an account and deposit $25 into the account. You will also need to receive a total of $4,000 or more in qualifying direct deposits for three consecutive months (within 150 days of opening your account).
Chase Premier Plus Checking – $300 Bonus (expired)
Open a new Chase Premier Plus Checking account, and enjoy a $300 sign-up bonus plus interest on your money.
With Chase, you’ll also earn interest on your money. You’ll earn 0.01% APY, which isn’t much, but that’s still better than nothing – especially on a checking account!
There is a $25 monthly service fee, which can be avoided if you keep an average of at least $15,000 in your account daily. Alternatively, you can go fee-free by setting up automatic payments for your Chase first mortgage from this Chase account.
How To Qualify:
To qualify for the bonus, open a new Chase Premier Plus Checking account, and set up a direct deposit within the first 90 days of opening your account. Within ten business days, you’ll receive the bonus!
How to Choose the Best Bank For You
Checking and savings account offers aside, the bank you choose should tick more than just the new account bonus box.
There are so many options to choose from that finding that one bank that is the absolute best option for your financial needs is becoming more difficult.
However, it’s not impossible! Make sure you do your research and look beyond the sign-up bonus. And be sure to make sure you can qualify for the bonus. Sometimes the direct deposit requirements are pretty high.
There’s so much more to get excited about when you’re thinking about switching banks — thinks like excellent interest rates, no monthly maintenance fees, or quick and free access to thousands of ATMs.
Think about what’s important to you – being able to bank on-the-go with a top-rated app? Or perhaps it’s the ability to speak to a representative face-to-face when you have questions? Or maybe, you’d like to only use one financial institution for all your financial needs – such as a checking account, a savings account, and perhaps even investments? Maybe you want a bank with ATMs everywhere you go?
Thinking about the features that are important to you will help make sure you pick the bank provider that’s right for you. That way, you’ll be making sure that the work you put in earns you not just the bonus – but also a solid banking experience in the long-run.
Online Banks and Credit Unions
Your best option for a bank may not be a national bank. More and more online banks have personal checking accounts which could give an online bank the muscle you need in an every-day bank.
Online banks tend to have high yield savings accounts and money market accounts that pay higher rates of return on your savings.
Finding an ATM will be harder with most online only banks, but several banks reimburse ATM fees when you need to use another bank’s machine. Be sure to find out how many reimbursements you can get during each statement cycle.
Account holders at many online banks like to have accounts at a local national bank or credit union, too. This way you could connect your local and online banks, making transfers more seamless.
For example, you could make a cash deposit through your local bank or credit union and then transfer the money into your online savings account.
Of course, make sure any bank — local or online — has FDIC protections in place.
Didn’t See a Bonus Offer For You? These Banks Run Frequent Bonuses
Not all of these banks run bank offers all the time, so they may not appear on my list above right now.
But if you’d like to shop for bonuses before opening a deposit account, you may be able to find bonuses with these banks:
- CIT Bank Promotions – I especially like the CD laddering you can get any time at this online bank.
- Citibank Promotions – Not connected to CIT Bank; a huge financial institution with branches and ATMs everywhere. Look for the Citi Priority Account Package account promotion.
- Chase Bank Promotions – A full-service bank with branches and ATMs all over.
- US Bank Promotions – US Bank is the 5th largest bank in the US.
- Bank of America Promotions – BOA offers numerous promotions and extra perks for account holders.
- TD Bank Promotions – Checking and savings accounts often come with a nice sign-up bonus.
- PNC Bank – Virtual Wallet helped pioneer online banking way back when. Look for bonuses when you open a Performance Spend or Performance Select checking account.
- Huntington Bank – the Huntington 5 checking offers come up once in a while. Anyone can open an account, but the bank’s footprint covers states like Illinois, Michigan, Ohio, and Pennsylvania, West Virginia and Indiana.
- (Truist) SunTrust – Another bank with a regional footprint (in Florida, Texas, and other Sun Belt states). The Essential Checking Account runs bonus offers from time to time. SunTrust and BB&T have merged to become Truist.
- American Express — It’s not just a credit card anymore. American Express Bank is great for online savings.
- Discover Bank — Another staple of the credit card industry with a solid online bank.
- Fifth Third Bank – great for business checking accounts.
- BMO Harris – a good combination online / in-person option in states with locations which include Illinois, Indiana, Arizona, Missouri, Minnesota, Kansas, Florida, and Wisconsin.
- Chime – a simple option for millennials.
- Ally – full-service but online.
- Citizens Bank – An East Coast option that also excels with private student loans.