There is a chance that you can get some bonus money if you create a new checking account shortly. To entice new customers, several banks provide monetary incentives. To be eligible, you must be an active customer and meet specific direct deposit requirements. Not all banks offer cash bonuses, and some are significantly more substantial than others. A quick online search will reveal how much free money you may make.
Opening a new bank account involves more than just looking at monetary offers. Do some online research to find out what services and fees other banks are charging.
You can find some of the best-paying incentives for checking accounts below.
1. A $1,500 bonus from Citibank
You may be eligible for a bonus of up to $1,500 just for creating a new checking account with Citibank. You must make a minimum deposit of $20 into the new checking account within 20 days of account opening to qualify. For the next 60 days, you must keep the bare minimum in your account.
After completing all the necessary requirements, you can anticipate receiving the cash bonus in your account within 90 days. How much money you put into the account determines how much money you’ll get out. You could potentially qualify for one of three tiers of bonus funds:
- When you put down $15,000 or more, you can make $300.
- With a minimum investment of $50,000, you can earn $700.
- With a $200,000 minimum investment, you can make $1,500.
2. Earn a $4,000 bonus from PNC Bank
With PNC Bank’s Virtual Wallet account, you can control your money from anywhere, anytime, even on the go. Take advantage of digital technologies that allow you to manage your money, pay with a tap of your debit card, and easily send and receive money to trustworthy people.
An account with Virtual Wallet and Performance Select might get you a bonus of up to $400 just for signing up and using it. There is also the option to open a Virtual Wallet with Performance Spend account and earn a $200 bonus, or a Virtual Wallet account and earn a $50 bonus.
3. Get a $300 bonus from TD Bank!
This bonus offer is sourced from TD Bank. You have the chance to earn $300 just for opening a TD Beyond Checking account. Anyone can qualify as long as they receive $2,500 or more in direct deposits within 60 days of account opening.
Secondly, a $150 cash bonus is available to new clients who open a TD Convenience Checking account. All that’s required is a $500 direct deposit within 60 days of the account opening to be eligible.
Your checking account will receive the bonus credit within 140 days of meeting the requirements for either account.
4. A maximum bonus of $350 from BMO Harris Bank
You can earn a $350 incentive just for opening a new Premier account with BMO Harris. To qualify, you must receive a minimum of $7,500 in direct deposits within the first ninety days of account establishment. Boasting unlimited transactions and surcharge fee rebates on non-BMO Harris ATMs, this account offers a number of valuable benefits.
If you open a Smart Money or Smart Advantage account, you might also be eligible for a $200 cash bonus. In order to take advantage of this deal, you must receive four thousand dollars in eligible direct payments over the first three months.
5. A bonus of up to $300 from Huntington Bank
New clients can get a bonus of up to $500 with any of Huntington Bank’s three checking accounts. You can receive $300 by simply opening a Huntington 25 Checking account and depositing at least $25,000. We will deposit the bonus into your account no later than 14 days after you fulfill the requirements.
Think about the other two choices if you’d like to receive bonus funds with a lower initial investment. Customers can earn $150 with an Asterisk-Free Checking account and $200 with a Huntington 5 checking account. To get the matching bonus, all you need to do is deposit $1,000 into either account.
6. Bonus from Wells Fargo: $300
When new customers sign up for Wells Fargo’s Everyday Checking account, they are eligible to get a $300 cash bonus. To qualify for this promotion, a $25 minimum deposit is required, and you must deposit $1,000 or more in direct deposits within 90 days of account opening to qualify for the bonus. Members can expect to have the bonus funds deposited into their accounts within 30 days of meeting the requirements.
Banking with Wells Fargo has many benefits, including:
We offer quick and easy money transfers, contactless purchases in stores, and banking through mobile devices.
Examine your alternatives for a checking account using the internet.
You should take advantage of the incentive offers that come with checking accounts. You can get hundreds of free dollars just by opening a new account and using your debit card as usual. The only thing you need to do is complete the other standards and put a minimum amount into your account.
Do some online research to find the best bank for your needs. Find one that welcomes new customers with a cash bonus. Within a few months, you might have free money in your account from the bank of your choice.