Our experts answer readers’ banking questions and write unbiased product reviews (here’s how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.
We’ve gone through the best bank promotions and bonus offers among national, regional banks, and online banks, and selected our top picks for September 2023. Some of these bank bonus offers are for personal checking and savings accounts, while other promotions are for business accounts.
Compare the Best Bank Account Promotions and Bonus Offers
Best Checking Account Bonuses and Promotional Offers
Chase Private Client Checking℠ – Product Name Only : EarnChase Private Client Checking℠ – Intro Bonus Citigold® Checking Account – Product Name Only : EarnCitigold® Checking Account Citi Priority – Product Name Only : EarnCiti Priority BMO Relationship Checking – Product Name Only ,BMO Smart Advantage Checking Account – Product Name Only , andBMO Smart Money Checking – Product Name Only :BMO Relationship Checking – Intro Bonus (BMO Relationship Checking);BMO Smart Money Checking – Intro Bonus (BMO Smart Money Checking );BMO Smart Advantage Checking Account – Intro Bonus (BMO Smart Advantage Checking); earn up to $4,100 total if you apply and meet the requirements for a BMO personal checking account and Relationship Plus Money Market AccountHuntington Bank Platinum Perks Checking – Product Name Only : Earn aHuntington Bank Platinum Perks Checking U.S. Bank Smartly® Checking – Product Name Only : EarnU.S. Bank Smartly® Checking – Intro Bonus Huntington Bank Perks Checking – Product Name Only : Earn aHuntington Bank Perks Checking PNC Bank Virtual Wallet® – Product Name Only : EarnPNC Bank Virtual Wallet® – Intro Bonus TD Bank Beyond Checking Account – Product Name Only : EarnTD Bank Beyond Checking Account – Intro Bonus Laurel Road Linked Checking℠ – Product Name Only andLaurel Road Loyalty Checking Account – Product Name Only : Earn aLaurel Road Loyalty Checking Account – Intro Bonus Wells Fargo Everyday Checking Account – Product Name Only : Earn aWells Fargo Everyday Checking Account – Intro Bonus Axos Bank Rewards Checking – Product Name Only : EarnAxos Bank Rewards Checking – Intro Bonus American Express® Rewards Checking Account – Product Name Only : EarnAmerican Express® Rewards Checking Account – Intro Bonus SoFi Checking and Savings – Product Name Only : EarnSoFi Checking and Savings – Intro Bonus Valley All Access Rewards Checking Account – Product Name Only : EarnValley All Access Rewards Checking Account – Intro Bonus Ally Spending Account – Product Name Only : EarnAlly Spending Account – Intro Bonus Chase Total Checking® – Product Name Only : Earn aChase Total Checking® TD Bank Convenience Checking Account – Product Name Only : EarnTD Bank Convenience Checking Account M&T Bank EZChoice Checking – Product Name Only ,M&T Bank MyChoice Plus Checking – Product Name Only , andM&T Bank MyChoice Premium Checking – Product Name Only : Earn aM&T Bank EZChoice Checking – Intro Bonus USAA Classic Checking – Product Name Only : Earn aUSAA Classic Checking – Intro Bonus Chase Secure Banking℠ – Product Name Only : EarnChase Secure Banking℠ Chase College Checking℠ – Product Name Only : EarnChase College Checking℠ – Intro Bonus
Best Savings and Money Market Account Bonuses and Promotional Offers
BMO Relationship Plus Money Market Account – Product Name Only : EarnBMO Relationship Plus Money Market Account – Intro Bonus (Earn up to $4,100 total if you apply and meet the requirements for a BMO personal checking account and Relationship Plus Money Market Account)U.S. Bank Standard Savings Account – Product Name Only : EarnU.S. Bank Standard Savings Account – Intro Bonus Alliant High-Rate Savings Account – Product Name Only : Earn aAlliant High-Rate Savings Account – Intro Bonus Bask Bank Mileage Savings Account – Product Name Only : EarnBask Bank Mileage Savings Account – Intro Bonus
Best Business Account Bonuses and Promotions
Huntington Bank Unlimited Plus Business Checking – Product Name Only : Earn aHuntington Bank Unlimited Plus Business Checking – Intro Bonus U.S. Bank Silver Business Checking Package – Product Name Only ,U.S. Bank Gold Business Checking Package – Product Name Only ,U.S. Bank Platinum Business Checking Package – Product Name Only : EarnU.S. Bank Silver Business Checking Package – Intro Bonus PNC Treasury Enterprise Plan – Product Name Only andPNC Analysis Business Checking – Product Name Only : EarnPNC Treasury Enterprise Plan – Intro Bonus Huntington Bank Unlimited Business Checking – Product Name Only : Earn aHuntington Bank Unlimited Business Checking – Intro Bonus Chase Business Complete Checking – Product Name Only : Earn aChase Business Complete Checking – Intro Bonus Nationwide Business Premium Savings – Product Name Only : EarnNationwide Business Premium Savings – Intro Bonus Bank of America Business Fundamentals Checking – Product Name Only : Earn aBank of America Business Fundamentals Checking – Intro Bonus PNC Business Checking – Product Name Only andPNC Business Checking Plus – Product Name Only : Earn aPNC Business Checking – Intro Bonus Axos Bank Basic Business Checking Account – Product Name Only andAxos Business Interest Checking – Product Name Only : EarnAxos Bank Basic Business Checking Account – Intro Bonus Huntington Bank Business Checking 100 – Product Name Only : Earn aHuntington National Bank Business Checking 100 – Intro Bonus American Express Business Checking – Product Name Only : EarnAmerican Express Business Checking – Intro Bonus
Bank Account Bonuses: Frequently Asked Questions
Is opening a bank account for the bonus worth it?
Depending on your balance, a cash bonus could potentially allow you to earn more money than a high interest rate would. However, be mindful of common bank fees like monthly service fees or overdraft fees. Otherwise, these fees may cancel out the amount you earn as a bonus. If this is the case, you might prioritize opening one of the best high-yield savings accounts with no monthly fees instead.
Why do bank accounts have bonuses?
Banks have bank account bonuses to draw in new customers. Bonuses also help create a distinction between competing banks that may offer similar interest rates, monthly fees, or opening deposit requirements.
Can I receive more than one bank account bonus?
You usually can’t receive more than one bank account bonus with the same bank within a certain amount of time. The bank account cash bonus disclosure will usually specify how long the time frame will be, but usually, it’s between a few months to a couple of years. However, if you have the funds, you may be able to receive one bank account bonus from multiple banks.
Do I have to pay taxes on bank account bonuses?
Yes, you do have to pay taxes on your bonus. When you file taxes for the year, you’ll report the sign-up bonus as income and pay income tax.
How to Qualify for the Best Bank Account Bonuses
BMO Relationship Plus Money Market Account – Product Name Only
Bonus amount:
Expiration date: December 8, 2023
Who qualifies: You must be a new BMO personal money market customer or someone who hasn’t closed a BMO personal money market account in the last 12 months.
What you need to do:
- Open a new
BMO Relationship Plus Money Market Account – Product Name Only online, by phone, or at a branch by December 8, 2023, using a promotional code - Fund your account with new money within the first 30 days of account opening (New money means any funds that aren’t currently in a BMO bank account or were in a BMO account in the last 14 days)
- To earn $300, deposit $25,000 to $49,999.99 in new money
- To earn $500, deposit $50,000 to $99,999.99 in new money
- To earn $1,000, deposit $100,000 to $249,999.99 in new money
- To earn $2,500, deposit $250,000 to $499.999.99 in new money
- To earn $3,500, deposit $500,000 or more in new money
- To earn up to $4,100 in total at BMO, you must also open a BMO personal checking account and meet certain qualifying transactions
- Maintain your new money balance from Day 31 to Day 120
When you’ll receive the money: The cash bonus will be deposited into your money market account approximately 130 days after account opening.
Chase Private Client Checking℠ – Product Name Only
Bonus amount: $1,000 to $3,000
Expiration date: October 18, 2023
Who qualifies: Both new and existing Chase Private Client customers are eligible. Eligible accounts are Chase personal checking and savings accounts, and J.P. Morgan Wealth Management non-retirement accounts.
What you need to do:
- If you’re a new client, visit the Chase bonus page and enter your email address to receive your promo code; then meet with a Private Client Banker to upgrade or open your account
- Transfer at least $150,000 of qualifying new money or securities into a combination of eligible accounts within the first 45 days
- To earn a $1,000 bonus, transfer $150,000 to $249,999
- To earn a $2,000 bonus, transfer $250,000 to $499,999
- To earn a $3,000 bonus, transfer $500,000 or more
- Maintain your new money balance for at least 90 days from opening the account
When you’ll receive the money: The money will show up in your account within 40 days of your completing the requirements.
Citigold® Checking Account – Product Name Only
Bonus amount: Up to
Expiration date: January 9, 2024
Who qualifies: You qualify as long as you haven’t had a Citi® checking account in the last 180 days and you’re 18 years old.
What you need to do:
- Open an eligible account by January 9, 2024
- To earn $200, you’ll need to have a minimum deposit and minimum balance of $10,000 to $29,999 within 20 days of your account opening
- To earn $500, you’ll need to have a minimum deposit and minimum balance of $30,000 to $74,999 within 20 days of your account opening
- To earn $1,000, you’ll need to have a minimum deposit and minimum balance of $75,000 to $199,999 within 20 days of your account opening
- To earn $1,500, you’ll need to have a minimum deposit and minimum balance of $200,000 to $299,999 within 20 days of your account opening
- To earn $2,000, you’ll need to have a minimum deposit and minimum balance of $300,000 and above within 20 days of your account opening
- Maintain your balance for 60 consecutive calendar days after the 21st day from account opening
- If your balance falls to a lower tier at any point during the maintenance period, the bonus changes
When you’ll receive the money: The bonus will be paid within 30 days after you successfully complete all required activities.
Citi Priority – Product Name Only
Bonus amount: Up to
Expiration date: January 9, 2024
Who qualifies: You qualify as long as you haven’t had a Citi checking account in the last 180 days and you’re 18 years old.
What you need to do:
- Open an eligible account by January 9, 2024
- To earn $200, you’ll need to have a minimum deposit and minimum balance of $10,000 to $29,999 within 20 days of your account opening
- To earn $500, you’ll need to have a minimum deposit and minimum balance of $30,000 to $74,999 within 20 days of your account opening
- To earn $1,000, you’ll need to have a minimum deposit and minimum balance of $75,000 to $199,999 within 20 days of your account opening
- To earn $1,500, you’ll need to have a minimum deposit and minimum balance of $200,000 to $299,999 within 20 days of your account opening
- To earn $2,000, you’ll need to have a minimum deposit and minimum balance of $300,000 and above within 20 days of your account opening
- Maintain your balance for 60 consecutive calendar days after the 21st day from account opening
- If your balance falls to a lower tier at any point during the maintenance period, the bonus changes
When you’ll receive the money: The bonus will be paid within 30 days after you successfully complete all required activities.
BMO Relationship Checking – Product Name Only , BMO Smart Money Checking – Product Name Only , and BMO Smart Advantage Checking Account – Product Name Only
Bonus amount:
Expiration date: December 8, 2023
Who qualifies: You must be a new BMO personal checking account customer or someone who hasn’t closed a BMO personal checking account in the last 12 months.
What you need to do:
- Open a BMO personal checking online, by phone, or at a branch by December 8, 2023, using a promo code
- To earn a $400 on
BMO Smart Money Checking – Product Name Only orBMO Smart Advantage Checking Account – Product Name Only , make a qualifying direct deposit of $4,000 or more within the first 120 days - To earn a $600 on
BMO Relationship Checking – Product Name Only make a qualifying direct deposit of $7,500 or more within the first 120 days - To earn up to $4,100 in total at BMO, you must also open a BMO personal money market account and meet certain qualifying transactions
When you’ll receive the money: The cash bonus will be deposited into your BMO checking account around 130 days after account opening.
Huntington Bank Unlimited Plus Business Checking – Product Name Only
Bonus amount:
Expiration date: January 15, 2024
Who qualifies: You must be a new business checking customer residing in Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin. You aren’t eligible if you’re an existing Huntington business customer or have closed a Huntington business account in the last six months.
What you need to do:
- Open an eligible account by January 15, 2023, on the promotional page
- Deposit at least $20,000 of new money in the first 30 days
- Maintain a $20,000 balance for 60 days after depositing the initial cumulative amount
- Keep the account open for at least 90 days
When you’ll receive the money: You should get the money within 14 days of meeting the requirements.
U.S. Bank Smartly® Checking – Product Name Only
Bonus amount: Earn
Expiration date: October 31, 2023
Who qualifies: You must open a new U.S. Bank Smartly Checking account online. You won’t be eligible if you currently have a U.S. Bank checking account, owned a U.S. Bank checking account in the last six months, or you received a bonus from a U.S. Bank checking account in the last two years. You’re eligible if you live in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, or WY.
What you need to do:
- Open a new account by October 31, with a minimum opening deposit of
U.S. Bank Smartly® Checking – Minimum Deposit and using the promotional page; if you open it anywhere other than the promotional page, use the code 2023SEP. - Enroll in online banking or the U.S. Bank mobile app within the first 90 days of getting the account
- Make two or more direct deposits totaling $5,000 to $9,999.99 to earn $300, or $10,000 or more to earn $500
When you’ll receive the money: The money will be deposited into your checking account within 60 days of meeting the requirements.
U.S. Bank Standard Savings Account – Product Name Only
Bonus amount:
Expiration date: October 31, 2023
Who qualifies: You must open a new U.S. Bank Standard Savings account online. You won’t be eligible if you currently have a U.S. Bank savings or money market account, owned a U.S. Bank savings or money market account in the last six months, or you received a bonus from a U.S. Bank savings or money market account in the last two years. You’re eligible if you live in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, or WY.
What you need to do:
- Open a new account by October 31, with a minimum opening deposit of
U.S. Bank Standard Savings Account – Minimum Deposit and using the promotional page; if you open it anywhere other than the promotional page, use the code 2023JUL. - Make new money deposit(s) totaling $25,000 to $49,999.99 to earn $200, or $50,000 or more to earn $400 by November 30, 2023
- Maintain that balance until March 31, 2024
When you’ll receive the money: The money will be deposited into your account within 30 days of verifying your savings balance.
U.S. Bank Silver Business Checking Package – Product Name Only , U.S. Bank Gold Business Checking Package – Product Name Only , U.S. Bank Platinum Business Checking Package – Product Name Only
Bonus amount:
Expiration date: January 8, 2024
Who qualifies: You and any signer on the account must be new U.S. Bank business banking customers, and you cannot have closed a business account in the last 24 months.
What you need to do:
- Open an eligible account by January 8, 2024, using the promo code Q3AFL23
- To earn a $300 bonus, deposit at least $5,000 of new money into the account within 30 days of opening your account
- To earn a $800 bonus, deposit at least $25,000 of new money into the account within 30 days of opening your account
- Maintain your balance for 60 days after opening the account
When you’ll receive the money: You’ll get the money within 30 days following the last calendar day of the month you’ve completed the bonus requirements.
Huntington Bank Platinum Perks Checking – Product Name Only
Bonus amount:
Expiration date: October 7, 2023
Who qualifies: You must open a new Huntington Bank customer to qualify.
What you need to do:
- Open a new account by October 7, 2023
- Deposit at least $25,000 within 60 days of opening your account and maintain a $25,000 account balance for 90 days
When you’ll receive the money: The money will be deposited into your checking account within 14 days after you meet the requirements.
PNC Treasury Enterprise Plan – Product Name Only and PNC Analysis Business Checking – Product Name Only
Bonus amount: $500
Expiration date: September 30, 2023
Who qualifies: All signers on the account must be new PNC business checking customers. No signers can have closed a PNC business checking account in the last 90 days or received a PNC promotional bonus in the last 12 months. You’re only eligible for the bonus if your annual business revenue is under $5 million. Your checking account statement cycle must be monthly, so you can’t receive statements daily, weekly, or quarterly. Even if you open multiple PNC business checking accounts, you’re only eligible for one bonus.
What you need to do:
- Open an eligible account by September 30, 2023, by requesting a coupon online
- Maintain a $30,000 average ledger balance for the first three statement cycles
When you’ll receive the money: The $500 will be deposited into your account within 90 days of your meeting the requirements.
Huntington Bank Perks Checking – Product Name Only
Bonus amount:
Expiration date: October 7, 2023
Who qualifies: You must open a new Huntington Bank customer to qualify.
What you need to do:
- Open a new account by October 7, 2023
- Make a qualifying direct deposit within 60 days of opening your account and maintain a $1,000 account balance for 90 days
When you’ll receive the money: The money will be deposited into your checking account within 14 days after you meet the requirements.
Huntington Bank Unlimited Business Checking – Product Name Only
Bonus amount:
Expiration date: January 15, 2024
Who qualifies: You must be a new business checking customer residing in Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin. You aren’t eligible if you’re an existing Huntington business customer, or have closed a Huntington business account in the last six months.
What you need to do:
- Open a new account by January 15, 2023, using the promotional page
- Deposit at least $5,000 of new money in the first 60 days
- Keep the account open for at least 90 days
When you’ll receive the money: You should get the money within 14 days of meeting the requirements.
PNC Bank Virtual Wallet® – Product Name Only
Bonus amount: $100 to $400
Expiration date: October 31, 2023
Who qualifies: This offer is only available in markets where there are PNC branches. You and any signer on the account must be a new PNC checking customer. You aren’t eligible if you’ve closed a PNC checking account in the last 90 days or received a PNC promotional offer in the last 24 months.
What you need to do:
- By October 31, 2023, open a PNC Bank Virtual Wallet to earn a $100 bonus, PNC Virtual Wallet with Performance Spend to earn $200, and PNC Virtual Wallet with Performance Select to earn $400; you must apply online to qualify
- Receive a qualifying direct deposit within the first 60 days
When you’ll receive the money: The money will be deposited into your account 60 to 90 days after you meet the requirements.
Chase Business Complete Checking – Product Name Only
Bonus amount: $300
Expiration date: October 19, 2023
Who qualifies: You’re not eligible if you’re already a signer on a Chase business checking account, government agencies or entities (local, state, or federal), not for profit organizations, political action committees, or a campaign account. You cannot have closed a Chase account in the last 90 days, or have closed a Chase account with a negative balance within the last three years. You won’t qualify if you’ve received another Chase sign-up bonus in the last two years.
What you need to do:
- Open an eligible account by October 19, 2023; visit the Chase business checking offer page to enter your email address and receive an email with the promo code
- Deposit at least $2,000 of new money within 30 days of opening the account
- Maintain your new money balance in the account for at least 60 days after opening the account
- Complete five qualifying transactions within the first 90 days
When you’ll receive the money: Chase will deposit the money into your account within 15 days of your completing the requirements.
Nationwide Business Premium Savings – Product Name Only
Bonus amount:
Expiration date: September 30, 2023
Who qualifies: If you have been a primary owner of an Axos Bank or Axos Bank for Nationwide account in the last 12 months, you are not eligible for the bonus. You can only earn one business premium savings account bonus per year.
What you need to do:
- Open an eligible account using the code “NEWBPS”
- Fund the account within 60 days of opening it
- Earn $50 for each statement cycle during which you maintain an average daily balance between $20,000 and 49,999.99 or earn $100 for each statement cycle during which you maintain an average daily balance of $50,000 or greater (a maximum of three payouts can be earned during your first four statement cycles)
When you’ll receive the money: The bonus will be deposited into your account within 10 business days following the end of the statement cycle in which the balance requirement was met. Your account must be open and in good standing at the time the bonus is paid to be eligible to receive the bonus and your Small Business Checking account must remain open for 120 days or an early closure fee of up to $300 may apply.
TD Bank Beyond Checking Account – Product Name Only
Bonus amount:
Expiration date: September 30, 2023
Who qualifies: You must be a new TD Bank customer to qualify.
What you need to do:
- Open a new account
- Receive at least $2,500 in qualifying direct deposits within 60 days of opening the account
- Keep your account open for at least 6 months
When you’ll receive the money: The money will be deposited into your account around 180 days after opening the account.
Laurel Road Linked Checking℠ – Product Name Only and Laurel Road Loyalty Checking Account – Product Name Only
Bonus amount:
Expiration date: January 8, 2024
What you need to do:
- Open an eligible account by January 8, 2024; because Linked Checking is tied to your refinanced student loans, you’ll need to open this account at the same time as refinancing your student loan with Laurel Road
- Make qualifying direct deposits of $2,500 or more in the first 60 days
When you’ll receive the money: The
Wells Fargo Everyday Checking Account – Product Name Only
Bonus amount:
Expiration date: September 26, 2023
Who qualifies: You must be a new Wells Fargo checking account customer. You aren’t eligible if you’ve received a Wells Fargo checking bonus in the last 12 months, and you can’t be a Wells Fargo employee.
What you need to do:
- Open an eligible account by September 26, 2023
- To open online, visit the bonus page; to open the account in a branch, enter your email address on the bonus page and Wells Fargo will email you a promo code to give at the branch.
- Receive at least $1,000 in direct deposits in the account within 90 days of opening it
When you’ll receive the money: After the initial 90-day period ends, the money will appear in your account within 30 days.
Axos Bank Rewards Checking – Product Name Only
Bonus amount:
Expiration date: December 31, 2023
Who qualifies: You must open an eligible account.
What you need to do:
- Open an Axos Bank Rewards Checking Account by December 31, 2023, using the promo code “SUNNYBONUS”
- Receive at least $5,000 in direct deposits in each calendar month during the first seven calendar months your account is open (including the month when you opened the account)
- Maintain a minimum average daily balance of $7,000 or more from September 2023, through March 2024, during the seven statement cycles
- A maximum of six payouts of $50 for each calendar month that the account is receiving the direct deposit
When you’ll receive the money: The money will be deposited into your checking account within 10 business days following the end of the statement cycle in which the direct deposit requirement was met. You must keep your account open for at least 210 days or you’ll have to pay an early closure fee of up to $300.
American Express® Rewards Checking Account – Product Name Only
Bonus amount:
Expiration date: October 31, 2023
Who qualifies: You must be an American Express Card member who has had a Basic Consumer Card for at least three months. You won’t be eligible to open the American Express Rewards Checking Account if you currently have or previously owned an American Express Business Checking account. Existing American Express Rewards Checking Account customers also aren’t eligible for the cash bonus.
What you need to do:
- Open an
American Express® Rewards Checking Account – Product Name Only by October 31, 2023 - Receive one qualifying direct deposit of $500 or more by December 10, 2023 (paychecks, pension, government checks, or tax refunds all qualify)
When you’ll receive the money: The bonus will be deposited into your account eight to 12 weeks after you complete the qualifying activities.
SoFi Checking and Savings – Product Name Only
Bonus amount:
Expiration date: December 31, 2023
Who qualifies: If you’re a new customer, set up an account and enroll in direct deposit. You’re also eligible as an existing customer if you haven’t already set up direct deposit.
What you need to do:
- Once you’ve opened your account, enroll in direct deposit
- Receive qualifying direct deposits within the 25-day evaluation period
- If direct deposits equal $1,000 to $4,999.99, you’ll receive a $50 bonus
- If direct deposits come $5,000 or more during the evaluation period, you’ll receive a $250 bonus
- Keep in mind, the 25-day evaluation period won’t go beyond the promotion period expiration date
When you’ll receive the money: The bonus will show up in your account within seven business days after the 25-day evaluation period ends.
Valley All Access Rewards Checking Account – Product Name Only
Bonus amount:
Expiration date: Ongoing
Who qualifies: You’re eligible for this bonus if you are a new consumer checking customer at Valley National Bank and over age 18. Valley has branches in Alabama, Florida, New Jersey, and New York.
What you need to do:
- Receive $750 in direct deposits each month
- For every month you meet this requirement in the first year, you’ll receive a $20 bonus
- The bonus expires one year after opening the account; if you don’t meet the direct deposit requirement for one month, you aren’t eligible to continue earning a bonus for the following months
When you’ll receive the money: The $20 will be deposited into your account within 35 days of the monthly qualifying recurring direct deposit.
Ally Spending Account – Product Name Only
Bonus amount:
Expiration date: November, 30, 2023
Who qualifies: You must be a new customer. Ally defines a new customer as someone who doesn’t currently have an Ally Spending Account or someone who hasn’t owned the account in the last 12 months. You also won’t be eligible for this cash bonus if you’ve received another cash bonus from Ally in the last year that involves a qualifying direct deposit.
What you need to do:
- Open an
Ally Spending Account – Product Name Only online using the bonus code and deposit any amount in the first 30 days - Set up a qualifying direct deposit and receive payments totaling $1,500 or more within the first 90 days
- Keep your account open and maintain good standing 30 days after you’ve received the qualifying direct deposit
When you’ll receive the money: You should see the money in your account within 30 days after you’ve received the qualifying direct deposit.
Bank of America Business Fundamentals Checking – Product Name Only
Bonus amount: $200
Expiration date: December 31, 2023
Who qualifies: You must be a new Bank of America business banking customer. You cannot have been an owner or signer on a Business Advantage Checking Account in the last 12 months. Bank of America employees don’t qualify.
What you need to do:
- Open an eligible account by December 31, 2023
- You must open an account online; visit the business checking offer page to get started
- Deposit at least $5,000 of qualifying new money into your account within 30 days of opening the account
- Maintain an average balance of at least $5,000 for the next 60 days, or days 31 through 90
When you’ll receive the money: You should see the money in your account within 60 days after the 90-day maintenance period. The Bank of America website states that if they can’t deposit the money directly into your account, you will receive a check.
PNC Business Checking – Product Name Only and PNC Business Checking Plus – Product Name Only
Bonus amount: $200
Expiration date: September 30, 2023
Who qualifies: All signers on the account must be new PNC business checking customers. No signers can have closed a PNC business checking account in the last 90 days or received a PNC promotional bonus in the last 12 months. You’re only eligible for the bonus if your annual business revenue is under $5 million. Your checking account statement cycle must be monthly, so you can’t receive statements daily, weekly, or quarterly. Even if you open multiple PNC business checking accounts, you’re only eligible for one bonus.
What you need to do:
- Open an eligible account by September 30, 2023, by requesting a coupon online
- Maintain a $5,000 average ledger balance for the first three statement cycles
- Make 20 qualifying transactions with your PNC Visa Business Credit Card in the first three statement cycles
When you’ll receive the money: The $200 should hit your account within 90 days of your meeting the requirements.
Chase Total Checking® – Product Name Only
Bonus amount:
Expiration date: October 18, 2023
Who qualifies: New personal checking account customers.
What you need to do:
- Open an eligible account with a coupon code
- Set up direct deposit within 90 days after enrolling
When you’ll receive the money: You’ll receive the
TD Bank Convenience Checking Account – Product Name Only
Bonus amount:
Expiration date: September 30, 2023
Who qualifies: You must be a new TD Bank customer to qualify.
What you need to do:
- Open an eligible account
- Receive at least $500 in qualifying direct deposits within 60 days of opening the account
- Keep your account open for at least 6 months
When you’ll receive the money: The money will be deposited into your account around 180 days after opening the account.
M&T Bank EZChoice Checking – Product Name Only , M&T Bank MyChoice Plus Checking – Product Name Only , and M&T Bank MyChoice Premium Checking – Product Name Only
Bonus amount: $200
Expiration date: November 30, 2023
Who qualifies: You don’t qualify if you’re already a personal M&T checking account customer, you’ve closed an M&T account in the last 180 days, you’ve received an M&T checking bonus in the last 12 months (unless it was from the Refer Friends Program), or are an employee of M&T or its affiliates.
What you need to do:
- Open an eligible account by November 30, 2023, either online or in a branch, and request a promo code
- Make at least $500 in qualifying direct deposits (including payroll, pension, or Social Security) in the first 90 days
When you’ll receive the money: The $200 will show up in your account within 90 days of completing the requirements.
Axos Bank Basic Business Checking Account – Product Name Only and Axos Business Interest Checking – Product Name Only
Bonus amount:
Expiration date: September 30, 2023
Who qualifies: You can only earn one checking account promotion per year. If you have had primary ownership of an Axos Bank or Axos Bank for Nationwide account in the last 12 months, you are not eligible for this bonus.
What you need to do:
- Use promo code “NEWBPS” when opening an account
- Fund your account within 60 days of opening it
- A $25 will be earned for each statement cycle during which the average daily balance is between $5,000 and $9,999.99; $50 will be earned for each statement cycle during which the average daily balance is a minimum of $10,000 or greater ; a maximum of four payouts can be earned during the five statement cycles
When you’ll receive the money: The bonus will be deposited into your account within 10 business days following the end of the statement cycle in which the balance requirement was met. Your account must be open and in good standing at the time the bonus is paid to be eligible to receive the bonus and your Small Business Checking account must remain open for 120 days or an early closure fee of up to $200 may apply. Note: You can only earn one business account bonus with Axos, not both.
Huntington National Bank Business Checking 100 – Product Name Only
Bonus amount: $100
Expiration date: January 15, 2024
Who qualifies: You must be a new business checking customer residing in Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin. You aren’t eligible if you’re an existing Huntington business customer, or have closed a Huntington business account in the last six months.
What you need to do:
- Open an eligible account by January 15, 2024, on the promotional page
- Deposit at least $2,000 of new money in the first 60 days
- Keep the account open for at least 90 days
When you’ll receive the money: You should get the money within 14 days of meeting the requirements.
USAA Classic Checking – Product Name Only
Bonus amount: $100
Expiration date: October 10, 2023
Who qualifies: You’re not eligible if you (as the primary account holder) have or had a USAA checking account in the last 12 months. The account also isn’t eligible for the bonus if it’s titled as an estate, trust account, UTMA, or other fiduciary account. Your account must remain in good standing to get the bonus.
What you need to do:
- Open a new account by October 10, 2023
- Receive a qualifying direct deposit of at least $100 in the first 180 days (if you’re a civilian working for the Defense Finance Account Service, this direct deposit would not count)
When you’ll receive the money: The $100 should show up in your account within 60 days of USAA processing your first direct deposit.
Alliant High-Rate Savings Account – Product Name Only
Bonus amount: $100
Expiration date: December 31, 2023
Who qualifies: You must be a new Alliant Credit Union member. You also cannot have closed an Alliant savings account within the last 180 days.
What you need to do:
- Open an account on the Ultimate Opportunity Savings promotion page by December 31, 2023
- Deposit a minimum of $100 per month into the account for 12 consecutive months
- Maintain a minimum average daily balance of $100 throughout the 12 months
- Have a balance of at least $1,200 at the end of the 12-month period
When you’ll receive the money: The $100 will show up in your account within four weeks after the 12-month period.
Chase Secure Banking℠ – Product Name Only
Bonus amount:
Expiration date: October 18, 2023
Who qualifies: You must be a new checking account customer.
What you need to do:
- Open an account by accessing a coupon online
- Make 10 transactions during the first 60 days
When you’ll receive the money: You’ll get the money deposited into your account 15 days after you’ve completed 10 transactions.
Chase College Checking℠ – Product Name Only
Bonus amount: $100
Expiration date: October 18, 2023
Who qualifies: This account is for college students ages 17 to 24. You cannot already be a Chase checking customer, have closed a Chase account in the last 90 days, or have closed a Chase account with a negative balance within the last three years. You won’t qualify if you’ve received another Chase sign-up bonus in the last two years.
What you need to do:
- Open an account by October 18, 2023, on the promotion page
- Complete 10 qualifying transactions (including debit card purchases, online bill payments, Zelle, Chase QuickDeposit, or ACH credits) within 60 days
When you’ll receive the money: The $100 will be deposited into your account within 15 days after you complete the qualifying transactions
American Express Business Checking – Product Name Only
Bonus amount:
Expiration date: Welcome bonus may change or end at any time.
Who qualifies: You must be an American Express® Basic Card Member with an American Express consumer or business credit card. Note that you won’t be eligible if you have a
What you need to do:
- Open an eligible account
- Deposit $5,000 or more within the first 30 days of opening your account
- Maintain an average daily account balance of $5,000 or more for at least 60 days
- Make five or more qualifying transactions within 60 days of opening your account
When you’ll receive the points: The money will be deposited into the Membership Rewards Program Account linked to your business checking account within eight to 12 weeks after you fufill the requirements.
Bask Bank Mileage Savings Account – Product Name Only
Bonus amount:
Expiration date: November 30, 2023
Who qualifies: New Bask Mileage Savings Account customers are eligible.
What you need to do:
- Open a Bask Bank Mileage Savings Account between September 1 and November 30 and fund your account in the first 15 days
- Maintain a minimum daily balance of $25,000 for 90 consecutive days and 120 days following the account opening
- Provide an AAdvantage account number
When you’ll receive the miles: Bask Bank will award your miles within 10 business days after you’ve met the qualifications, but it could take six to eight weeks for the miles to post to your AAdvantage® account.
Why You Should Trust Us: Experts’ Advice on the Best Bank Account Bonuses
Chay Thawaranont/Insider
We consulted banking and financial planning experts to inform these picks and provide their advice on finding the best bank account bonus for your needs.
Here’s what they had to say about bank account bonuses. (Some text may be lightly edited for clarity.)
What should I look for in a checking account bonus?
Mykail James, MBA, certified financial education instructor, BoujieBudgets.com:
“If you are using this bank as your main spending account, then you know that you will have less conflict with depositing money in there. It may be beneficial to look at specific things that are getting bonuses, specifically direct deposit.”
Sophia Acevedo, certified educator in personal finance, banking reporter, Personal Finance Insider:
“I would consider how much money is needed to obtain the bonus. Some banks may have several bonuses available, where you’ll earn bigger bonuses for a higher account balance or direct deposit. See if a particular bonus is right for you and you’re not going out of your way to qualify for it.”
What should I look for in a savings account bonus?
Mykail James, MBA, CFEI:
“If it’s a savings account, and you know that you have a lump sum of money that you want to put into a bank that has maybe a better rate, look at what the benefit is for putting a larger sum of money into that bank account.”
Sophia Acevedo, CEPF:
“I would still pay attention to other factors that I would consider when opening a savings account, like monthly service fees or minimum balance requirements. You’ll want to look at more than just the bonus.”
