Best Bank Account Bonuses and Promotions

Banks want your business, and many of them are willing to pay you a bonus just for signing up for an account and depositing some money. If you need a new bank account, or if you just want to make some easy money, bank account bonuses are a great opportunity.

All bank account bonuses will have some terms and conditions that determine who is eligible for the bonus and what you need to do in order to earn the bonus. In many cases, the bonuses are offered only to new customers, but some bank account bonuses are available for existing customers as well. There will almost always be some sort of minimum deposit required, and you may need to leave that money in the account for a specified period of time in order to earn the bonus.

Checking account bonuses often require that you set up a direct deposit into the account in order to qualify for the bonus. If your employer offers direct deposit for your compensation, this is probably an easy requirement to meet.

On this page, you’ll find a list of the best bank account bonuses currently (as of March 2020) available.

We’ll aim to keep this page as up-to-date as possible, but offers come and go quickly, so we cannot make any claim about the availability of these offers. Be sure to visit the website of the banks and read through all of the terms and conditions to verify the details for yourself before signing up.

For even more free money offers, please see our Free Money page.

The Best Bank Sign Up Bonuses and Offers:

CIT Bank: $150 – $300 Savings Account Bonus

CIT Bank

CIT Bank is one of the leaders in the competitive world of high-yield savings accounts. They consistently offer interest rates at or near the top of the industry, and they are currently offering a bonus of $150 – $300 for deposits made into one of their Savings Builder accounts.

Savings Builder is currently (as of 3/4/20) paying up to 1.75% APY. In order to earn the 1.75% APY, you’ll need to maintain a balance of at least $25,000 or deposit at least $100 per month. If you don’t meet either of those thresholds, the APY will be 1.15%.

What makes this offer unique is the fact that it’s open to existing CIT customers as well as new customers. 

The bonus offer is for either $150 or $300, based on the amount of money that you deposit. In order to qualify for the $150 bonus, you’ll need to deposit at least $25,000 into a new or existing CIT Savings Builder account. If you deposit $50,000 or more, you’ll be eligible for the $200 bonus. You’ll also need to maintain that balance (or more) for at least 90 days if you’re a new customer or at least 30 days if you’re an existing CIT customer.

To get this bonus, go to this promotional page and scroll down to see the details of the bonus offer. When you’re ready, click on the “let’s get started” link for new customers or the “let’s get started” link for existing customers.

Offer Details:

  • Type of account: savings
  • Bonus offer: $150 or $300
  • Required deposit: $25,000 for $150 bonus or $50,000 for $300 bonus
  • Maintain balance for: 30 days (existing customers) or 90 days (new customers)
  • Offer expires: not specified
  • Promo page link

Capital One: $100 – $500 Savings Account Bonus

Capital One

Capital One has offered online savings accounts since they acquired ING Direct in 2011. However, Capital One has rolled out a new type of savings account that they call Performance Savings, which offers a higher interest rate. The new Performance Savings accounts are currently earning 1.70% APY.

The sign up bonus from Capital One is quite generous and enticing because there is no direct deposit requirement. However, if you have or had an open savings or money market account with Capital One since January, 2016, you’re ineligible for this bonus.

Here are the bonus tiers that you can earn:

  • Deposit at least $10,000 to earn a $100 bonus
  • Deposit at least $20,000 to earn a $200 bonus
  • Deposit at least $30,000 to earn a $300 bonus
  • Deposit at least $40,000 to earn a $400 bonus
  • Deposit at least $50,000 to earn a $500 bonus

The deposit must be from an external transfer, new to Capital One (transfers from another Capital One account do not meet the requirement). Also, you must maintain the balance for 90 days.

Go to this promotional page to open your account.

Offer Details:

  • Type of account: savings
  • Bonus offer: $100 – $500
  • Required deposit: $10,000 – $50,000
  • Maintain balance for: 90 days
  • Offer expires: March 31, 2020
  • Promo page link

Chase: $150 – $350 Checking and/or Savings Account Bonus

Chase

Chase is offering a $200 sign up bonus for a checking account and a $150 bonus for a savings account. You can earn either one of them individually or both of them.

The checking account bonus ($200) is for their Chase Total Checking account. In order to qualify, you’ll need to open a new account and set up direct deposit. It’s important to note that the Total Checking account has a $12 monthly service fee, although that can be reduced to $0. You will not be charged the service fee if you meet any of these criteria:

  • You receive at least $500 in direct deposits into the account during the month
  • You have a balance of at least $1,500 at the beginning of each day
  • You have an average beginning day balance of at least $5,000 (which can also include linked qualifying Chase checking and savings accounts).

The savings account bonus ($150) requires you to open a new Chase Savings account and deposit at least $10,000 within 20 business days. You must also maintain at least a $10,000 balance for 90 days in order to qualify for the bonus.

Please note that the Chase Savings account comes with a $5 monthly fee, which can be reduced to $0 if any of these apply:

  • You have a balance in this account of $300 or more at the beginning of each day
  • You have $25 or more (per month) in automatic transfers from your personal Chase checking account
  • You have a Chase College Checking account linked to this account for overdraft protection
  • There is an account owner who is younger than 18 years old
  • You have another qualifying Chase account linked

Participate in both offers to earn a total of $350.

The checking account bonus is not available to current Chase checking account holders and the savings account bonus is not available to current Chase savings account holders.

Offer Details:

  • Type of account: checking and/or savings
  • Bonus offer: $100 – $500
  • Required deposit: $10,000 – $50,000
  • Maintain balance for: 90 days
  • Offer expires: April 20, 2020
  • Promo page link

Citibank: $200 – $500 Checking and Savings Account Bonus

Citibank

Citibank is offering a bonus for new customers who sign up for both a checking and savings account. You can earn the $200 bonus through their “Basic Banking Package”. You’ll have a monthly service fee of $12, but there are a few different ways to avoid the fee. You will not be assessed the service fee if:

  • You make one qualifying direct deposit and one qualifying bill payment per statement period
  • You maintain a combined monthly balance average of $1,500 in linked accounts
  • The account owner is over 62 years old

In order to qualify for the $200 bonus, you’ll need to deposit at least $5,000 and maintain a minimum balance of at least $5,000 for 60 days.

They are also offering a $400 bonus for their “Citibank Account Package”. This package comes with a $25 monthly service fee, but that fee will be waived if you maintain a combined average monthly balance of $10,000 in eligible linked accounts.

In order to qualify for the $400 bonus, you’ll need to deposit at least $15,000 and maintain a minimum balance of at least $15,000 for 60 days.

You can also get an additional $100 bonus (making it a total of $500) if you make at least one qualifying direct deposit each month for two months within 60 days of opening the account.

Because there are a few different bonuses and multiple account types, please be sure to read of all the details on the promotional page to be sure that you understand the terms and conditions.

If you have had a Citibank checking account within the past 180 days, you are not eligible for these bonuses.

Offer Details:

  • Type of account: checking and savings
  • Bonus offer: $200 – $500
  • Required deposit: $5,000 – $15,000
  • Maintain balance for: 60 days
  • Offer expires: March 31, 2020
  • Promo page link

Discover: $150 – $200 Savings Account Bonus

Discover

Discover is offering a bonus of $150 if you open an online savings account and deposit at least $15,000 (enter code “FE20” when you are opening your account). Or you can deposit at least $25,000 to earn a $200 bonus.

In order to qualify, accounts must be opened by April 6, 2020 and the deposits must be posted by April 20, 2020.

One of the ways that this bonus stands out is by the fact that you do not have to maintain the balance for 60-90 days. The terms state that the bonus will be in your account by March 30, 2020.

If you have an existing Discover savings account or if you had one in the past, you are not eligible for this bonus.

Offer Details:

  • Type of account: savings
  • Bonus offer: $150 – $200
  • Required deposit: $15,000 – $25,000
  • Maintain balance for:  N/A
  • Accounts must be opened by: April 6, 2020
  • Promo page link

TD Bank: $150 – $300 Checking Account Bonus

TD Bank

TD Bank is offering a $150 bonus for new customers who open a TD Convenience Checking account. In order to earn the bonus, you’ll need to receive direct deposits of $500 or more within 60 days of opening the account. This account has a monthly maintenance fee of $15, which is waived in any of these circumstances:

  • You maintain a $100 minimum balance daily
  • You are 17 – 23 years old

They are also offering a $300 bonus for new customers who open a TD Beyond Checking account. In order to earn this bonus, you’ll need to receive direct deposits totaling $2,500 or more within 60 days of opening the account. This account has a monthly maintenance fee of $25, which is waived if any of these are true:

  • You have at least $5,000 in direct deposits monthly
  • You maintain a $2,500 minimum daily balance
  • You maintain a $25,000 minimum daily combined balance across multiple eligible accounts with TD Bank.

Offer Details:

  • Type of account: checking
  • Bonus offer: $150 – $300
  • Required deposit: N/A
  • Required direct deposit: $500 within 60 days, $2,500 within 60 days
  • Maintain balance for:  N/A
  • Accounts must be opened by: Unspecified
  • Promo page link

Wells Fargo: $400 Checking Account Bonus

Wells Fargo

Wells Fargo is offering a $400 bonus for their Everyday Checking account. You must open the account with a minimum deposit of $25. You’ll also need to receive at least $4,000 in direct deposits within 90 days of opening the account. After that 90 day period, the bonus will be deposited into the account within another 30 days.

The Everyday Checking account comes with a $10 monthly service fee, which is waived if any of the following apply:

  • You maintain a $1,500 minimum daily balance
  • You receive $500 or more in qualifying direct deposits
  • You have 10 or more posted debit card transactions during the month
  • The account is linked to a Wells Fargo Campus ATM or Campus Debit Card
  • The primary account holder is 17-24 years old

Current customers are not eligible for this account. You are also not eligible if you have received a bonus for opening another Wells Fargo consumer checking account within the past year.

Offer Details:

  • Type of account: checking
  • Bonus offer: $400
  • Required deposit: $25
  • Required direct deposit: $4,000 within 90 days
  • Maintain balance for:  N/A
  • Accounts must be opened by: July 31, 2020
  • Promo page link

Bank of America: $100 Checking Account Bonus

Bank of America

Bank of America is offering a $100 bonus for new checking account customers (if you’ve had a Bank of America personal checking account in the past, you are not eligible for this bonus). The account must be opened online (this offer is not available at Bank of America branch locations).

There are three different types of checking accounts that you can choose from, so be sure to see the details on the promo page to decide which one is best for you. The offer and the requirements are the same for each of the three types of checking accounts. To qualify, you must open a new Bank of America Advantage Bank account by June 30, 2020 (use offer code “PSR100CIS”). Within 90 days of opening the account, you must also receive two qualifying direct deposits of at least $250 each.

The minimum deposit to open a checking account will be $25 – $100, depending on which type of account you choose. Monthly maintenance fees range from $4.95 – $25, but there are some options that allow you to have the fee waived. Please see the promo page for all of the details on the different types of accounts.

Offer Details:

  • Type of account: checking
  • Bonus offer: $100
  • Required deposit: $25 – $100
  • Required direct deposit: Two deposits of at least $250 each within 90 days
  • Maintain balance for:  N/A
  • Accounts must be opened by: June 30, 2020
  • Promo page link

SunTrust: $200 Checking Account Bonus

SunTrust

SunTrust is offering a $200 bonus for new checking account holders (if you’ve had a checking account with SunTrust in the past, you are not eligible for the bonus). You must use the promo code “Q120ESSENTIAL” when you are opening the account in order to get the bonus. You’ll also need at least $500 in direct deposits per statement cycle for two statement cycles. The account must be opened by March 31, 2020.

The checking account will have a $7 monthly maintenance fee, which will be waived if any of the following situations apply:

  • You make 10 or more client-initiated transactions per statement cycle
  • You make at least $500 in qualifying direct deposits per statement cycle
  • You maintain at least a $500 minimum daily collected balance
  • You’re a student

Offer Details:

  • Type of account: checking
  • Bonus offer: $200
  • Required deposit: N/A
  • Required direct deposit: At least $500 per statement cycle for two statement cycles
  • Maintain balance for:  N/A
  • Accounts must be opened by: March 31, 2020
  • Promo page link

PNC: $50 – $300 Checking Account Bonus

PNC Checking Account

PNC Bank is offering a bonus of $50, $200, or $300 for opening a new checking account. The bonuses vary depending on the type of account that you open, and the requirements for each are different.

To qualify for a $50 bonus, you can open a Virtual Wallet account. To qualify, you’ll need a total of at least $500 in qualifying direct deposits within 60 days.

To qualify for a $200 bonus, you can open a Virtual Wallet with Performance Spend. To qualify, you’ll need a total of at least $2,000 in qualifying direct deposits within 60 days.

To qualify for a $300 bonus, you can open a Virtual Wallet with Performance Select. To qualify, you’ll need a total of at least $5,000 in qualifying direct deposits within 60 days.

This offer is not available for current PNC Bank checking customers, or those who have closed checking accounts within the past 90 days, or those who have been paid a promotional bonus within the past year.

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Offer Details:

  • Type of account: checking
  • Bonus offer: $50 – $300
  • Required deposit: N/A
  • Required direct deposit: At least $500 – $5,000 within 60 days
  • Maintain balance for:  N/A
  • Accounts must be opened by: March 31, 2020
  • Promo page link

CIBC: $200 – $400 Savings Account Bonus

CIBC

CIBC is a Canadian bank that has expanded into the U.S. The U.S. Bank, CIBC US, is offering a $200 or $400 bonus for opening a CIBC Agilty™ Online Savings Account. The account will earn an APY of 1.85% (as of March 4, 2020), so it’s a great rate combined with a nice signup bonus. The account also has no monthly maintenance fees.

To qualify for the bonus, you’ll need to create the account by March 15, 2020. The amount of the bonus will depend on how much you deposit within the first 15 days after opening the account. To qualify for a $200 bonus, you’ll need to deposit at least $25,000. If you deposit at least $50,000, you’ll be eligible for a $400 bonus.

Offer Details:

  • Type of account: savings
  • Bonus offer: $200 – $400
  • Required deposit: $25,000
  • Required direct deposit: N/A
  • Maintain balance for: 120 days
  • Accounts must be opened by: March 15, 2020
  • Promo page link

Simple: $200 – $400 Checking Account Bonus

Simple

Simple is offering a bonus of either $200 or $400 for new customers who open a Simple Checking Account. Simple is an online branchless bank that offers budgeting and savings tools for its customers. To qualify for the bonus, you will need to open a new account (current or previous customers are not eligible) by March 15, 2020, make a qualifying deposit within 15 days of opening the account, and maintain the balance through May 31, 2020. The bonus will be applied to your account by June 15, 2020.

To qualify for the $200 bonus, you will need to deposit at least $10,000. To qualify for the $400 bonus, you’ll need to deposit at least $20,000.

Offer Details:

  • Type of account: checking
  • Bonus offer: $200 – $400
  • Required deposit: $10,000
  • Required direct deposit: N/A
  • Maintain balance until: May 31, 2020
  • Accounts must be opened by: March 15, 2020
  • Promo page link

US Bank: $300 Checking Account Bonus

US Bank

US Bank is currently offering a $300 bonus for opening a new checking account. In order to qualify, you’ll need to open the account by March 29, 2020, enroll in online banking or the US Bank Mobile App by April 7, 2020, and make at least two direct deposits that total at least $2,000 within 60 days of opening the account.

You are not eligible for this offer is you currently have a US Bank consumer checking account, had a US Bank consumer checking account within the past 6 months, or received another US Bank bonus offer in the past 12 months.

There are three different types of checking accounts that qualify for this bonus offer. Each of the accounts comes with a monthly maintenance fee (the fee is different for each type of account), but the fee is waived if you meet reasonable minimums for the balance of the account or direct deposits received.

Offer Details:

  • Type of account: checking
  • Bonus offer: $300
  • Required deposit: N/A
  • Required direct deposit: $2,000 within 60 days
  • Maintain balance until: N/A
  • Accounts must be opened by: March 29, 2020
  • Promo page link

Investment Account Bonuses:

Ally: $50 – $3,500 Bonus for Ally Invest Account

Ally

Ally Invest is a great platform for traders and investors. They offer free trades on stocks and ETFs, with a wide selection of ETFs available. Right now they are offering a bonus for new account holders. Current Ally Invest customers are not eligible. You are also not eligible if you closed an account within the past 90 days. The account must be opened through the promo page in order to qualify.

Here are the bonus amounts based on the deposit:

  • Deposit $10,000 – $24,999 to get a $50 bonus
  • Deposit $25,000 – $99,999 to get a $200 bonus
  • Deposit $100,000 – $249,999 to get a $300 bonus
  • Deposit $250,00 – $499,999 to get a $600 bonus
  • Deposit $500,000 – $999,999 to get a $1,200 bonus
  • Deposit $1,000,000 – $1,999,999 to get a $2,500 bonus
  • Deposit $2,000,00+ to get a $3,500 bonus

There are a few details that are very important to note. All new accounts will be reviewed 60 days after opening. Bonuses will be paid into the account within 10 business days after the review. The bonus and qualifying deposit (minus any trading loss) will not be available for withdrawal for 300 days.

See all of the details at the promo page.

Offer Details:

  • Type of account: investment
  • Bonus offer: $50 – $3,500
  • Required deposit: $10,000 – $2 million
  • Maintain balance for: 300 days
  • Accounts must be opened by: March 31, 2020
  • Promo page link

E*TRADE: $100 – $2,500 Bonus for Investment Accounts

E*TRADE

E*TRADE is offering a bonus for opening a new investment account. The amount of the bonus varies, depending on how much money you deposit into the account. Here are the bonus tiers:

  • Deposit $5,000 – $24,999 for a $100 bonus
  • Deposit $25,000 – $99,999 for a $200 bonus
  • Deposit $100,000 – $249,999 for a $300 bonus
  • Deposit $250,000 – $499,999 for a $600 bonus
  • Deposit $500,000 – $999,999 for a $1,200 bonus
  • Deposit $1,000,000+ for a $2,500 bonus

Please see the promotion page for all of the details on this offer. This offer is only for non-retirement brokerage accounts opened by April 30, 2020. Eligible deposits must be made within 60 days of opening the account. Please note that the deposited money must remain with E*TRADE for 12 months, or else the bonus cash may be surrendered.

Offer Details:

  • Type of account: investment (non-retirement)
  • Bonus offer: $100 – $2,500
  • Required deposit: $5,000 – $1 million+
  • Maintain balance for: 12 months
  • Accounts must be opened by: March 2, 2020
  • Promo page link

You Invest by J.P. Morgan: $200 – $625 Bonus for Investment Accounts

You Invest

Open a You Invest Trade account with J.P. Morgan Chase and you’ll be eligible for a bonus of $200, $300, or $625. You can open a brokerage account, traditional IRA, or Roth IRA. Here is a breakdown of the bonus tiers:

  • Deposit $25,000 – $99,999 for a $200 bonus
  • Deposit $100,000 – $249,999 for a $300 bonus
  • Deposit $250,000+ for a $600 bonus

New accounts must be opened by April 20, 2020 in order to be eligible for the bonus. After opening the account, you’ll have 45 to fund the account with a qualifying deposit or transfer (it cannot be transferred from another J.P. Morgan or Chase account in order to qualify). You must leave the money in the account for 90 days, and your bonus will be added to the account within 10 business days.

Offer Details:

  • Type of account: You Invest Trade account
  • Bonus offer: $200 – $625
  • Required deposit: $25,000 – $250,000+
  • Maintain balance for: 90 days
  • Accounts must be opened by: April 20, 2020
  • Promo page link

Webull: 2 Free Stocks for Opening and Investment Account

Webull

Webull, a popular investing app, is currently offering 2 free stocks. To get the first free stock (valued at $2.50 – $250), all you need to do is open an account. Deposit any amount of money and you’ll get a second stock (valued at $12 – $1,400).

Webull offers commission-free trades of stocks and ETFs. You’ll also get access to advanced reporting and analysis tools that can help you to invest more effectively.

Offer Details:

  • Type of account: investment
  • Bonus offer: free stock worth $2.50 – $1,400
  • Required deposit: no minimum
  • Accounts must be opened by: unspecified
  • Promo page link

 

Want to see more free money offers? Be sure to see our Free Money page.