10 Newest Bank Promotions, Bonuses and Offers: June 2020

Score some extra cash with one of these current bank promotions.

Banks offer enticing cash bonus offers every day to attract new customers. Even so, a GOBankingRates survey found that most respondents don’t know what deals their current bank — or others — are offering and end up missing out on free money.

GOBankingRates reviewed over 50 banks nationwide to provide you with a selection of the best new bank promotions. The savings and checking account promotions that made the list were chosen for their high cash value and ease of earning it.

Read on to learn more about the best bank promotions for June 2020. You’ll even find business account promotions to jump-start your small business.

Here’s a look at what you’ll find in this guide to the 10 newest bank promotions for June 2020:

Bank Promotions at a Glance

The following bank offers will reward you with some of the highest bank bonuses right now. Here’s a quick look: 

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10 Best New Bank Promotions: June 2020
AccountCash Value of BonusExpiration Date
HSBC Bank 3% Checking Account Promotion $700June 29
TD Bank Beyond Checking Promotion $300Ongoing
Huntington Bank Huntington 5 Checking Account Promotion $200July 7
Citibank Account Package, Citi Priority Account Package or Citigold PromotionUp to $1,500 June 30
Citizens Bank CollegeSaver Account Promotion $1,000 Bonus Ongoing
One West Bank Premium Money Market Account Promotion $300Ongoing
Bank of America Business Checking Account Promotion Up to $750June 12
Huntington Bank Business Checking Account Promotion Up to $750July 7
US Bank Altitude Reserve Visa Infinite Credit Card 50,000 Bonus Points Promotion $750Ongoing
BBVA Select Credit Card 50,000 Bonus Points Promotion $500Ongoing

Compare: Best Banks of 2020

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Current Bank Promotions

Take a closer look at the following cash bonuses available for personal checking accounts, personal savings accounts, business accounts and credit cards. They include the highest-advertised bank bonuses in June 2020. You’ll need to follow specific rules and requirements to earn the rewards, but the requirements are relatively simple to follow. Here are all of the selected promotions, divided by account type. 

Best Checking Account Promotions

The following checking account promotions provide new account holders with some of the highest bank bonuses available. If you’ve been thinking about switching banks for a while, June may be the ideal time. Here are all the terms and conditions of the current offers.


HSBC 3% Premier Checking Promotion: Up To $700 Cash Bonus

 If you’re interested in checking account promotions that pay out $225, up to $270, $475 or $700, find out more about what HSBC Bank has to offer. You’ll need to receive at least $4,000 per month in direct deposits to earn the full $700. Here’s how: 

  • Cash value: Up to $700
  • Minimum deposit to qualify: None
  • Expiration date: June 29, 2020
  • How to get it: Open an account online and set up direct deposits. You’ll earn 3% per month for the first six months on your direct deposits, with a maximum monthly bonus amount of $120.
  • When you’ll get it: You’ll receive each month’s bonus within eight weeks after the statement closes.
  • Terms and conditions: Click on “Apply Now” on the promotional page to get started. The HSBC Bank coupon code will automatically apply.
  • Monthly fees: A $50 fee applies if you don’t maintain direct deposits of $5,000 minimum, an HSBC mortgage of $500,000 or more or a balance of at least $75,000. 
  • Promotion page: HSBC 3% Premier Checking Promotion

More: Best HSBC Promotions

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TD Bank
TD Bank Beyond Checking Promotion: $300 Cash Bonus

TD Bank provides online checking and high-yield savings accounts. To qualify for this TD Bank checking promotion, you’ll need to receive at least $2,500 in direct deposits during the first 60 days. Here are the complete terms: 

  • Cash Value: $300
  • Minimum Deposit To Qualify: None
  • Expiration Date: None
  • How To Get It: Open an account online and receive at least $2,500 in direct deposits during the first 60 days.
  • When You’ll Get It: Bonus will be credited to your new checking account within 95 days of opening the account and meeting the terms.
  • Terms and Conditions: The offer is available to new customers only. No TD Bank coupon required.
  • Monthly Fees: A $25 fee applies, but it can be waived by keeping a $2,500 daily balance minimum, receiving at least $5,000 per month in direct deposits, or maintaining a combined balance of $25,000.
  • Promotion Page: TD Beyond Checking Account Promotion

Check Out: Best TD Bank Promotions

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Huntington Bank Huntington 5 Checking Account Promotion: $200 Bonus

To earn this bonus from  Huntington Bank, you’ll need to be a resident of Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania or West Virginia and sign up online. 

  • Cash value: $200
  • Minimum deposit to qualify: $1,000
  • Expiration date: July 7, 2020
  • How to get it: Open a checking account and deposit at least $1,000 within 60 days; keep the account open for at least 90 days. 
  • When you’ll get it: Bonus will be credited within 14 days after meeting the conditions.
  • Terms and conditions: The Huntington Bank coupon code will automatically be applied during the online application process.
  • Monthly fees: A $5 applies, which is waived if you maintain at least $5,000 in combined accounts.
  • Promotion page: Huntington Bank Huntington 5 Checking Account Promotion

Free Money: Best Huntington Bank Promotions

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Best Savings Account Promotions

Everyone should have an emergency savings fund to get through challenging times. The following savings account promotions can help by jump-starting your savings.

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Citibank logo
Citibank Account Package, Citi Priority Account Package or Citigold Promotion: Up To $1,500 Bonus

Open a checking and savings account with Citibank, a division of Citigroup and you’ll earn $400 for a deposit of at least $15,000 into the Citibank Account package, $700 for deposits of at least $50,000 into the Citi Priority package or $1,500 if you deposit at least $200,000 into the Citigold package. It’s the most lucrative of the savings account promotions available in June. No Citibank coupon code is required, but there are certain requirements to follow.

  • Cash value: Up to $1,500
  • Minimum deposit to qualify: $15,000 to $200,000
  • Expiration date: June 30, 2020
  • How to get it: Open a checking and savings account and within 30 days of opening, deposit the minimum amount. 
  • When you’ll get it: Bonus will be credited within 90 days after completing the requirements.
  • Terms and conditions: You must maintain the minimum deposited balance for 60 days.
  • Monthly fees: Fees of $25 to $30 apply but may be waived for maintaining a $15,000 or $50,000 combined balance.
  • Promotion page: Citibank Account Package, Citi Priority Account Package or Citigold Promotion

Related: Best Citibank Promotions

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Citizens Bank logo
Citizens Bank CollegeSaver Account Promotion: $1,000 Bonus 

Visit a Citizens Bank branch to open an account to fund a future college education. If you fund the account monthly, you’ll receive a $1,000 bonus at maturity. 

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  • Cash value: $1,000
  • Minimum deposit to qualify: $25
  • Expiration date: None
  • How to get it: Open an account and deposit at least $25 per month (for children under 6) or $50 per month (for children 6 and over).
  • When you’ll get it: Bonus will be credited within 45 days after the child turns 18 years old.
  • Terms and conditions: You must open the account before the child’s 12th birthday. No Citizens Bank coupon is needed.
  • Monthly fees: None
  • Promotion page: Citizens Bank CollegeSaver Account Promotion

More Offers: Best Citizens Bank Promotions

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One West Bank Premium Money Market Account Promotion: Up To $300

One West Bank is a division of CIT Bank. Earn a $100 cash bonus when you open a Premium Money Market Account. You’ll earn $100 for balances under $100,000, $200 for balances under $250,000 and $300 for higher balances. You won’t need a One West Bank coupon to take advantage of this offer. Here are the terms and conditions:

  • Cash value: Up to $300
  • Minimum deposit to qualify: $10,000
  • Expiration date: None
  • How to get it: Open a Premium Money Market Account with a minimum of $10,000 and maintain the balance for 90 days.
  • When you’ll get it: Bonus will be credited within 60 days after meeting the balance requirements.
  • Terms and conditions: A promotional interest rate of 1.00% will be paid during the promotional period, which will go down to a regular APY of 0.15% to 0.50% APY, depending on your account balance.
  • Monthly fees: None
  • Promotion page: One West Bank Premium Money Market Account Promotion

Find Out: Best New Bank Promotions in California

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Best Business Account Promotions

There’s no better time to shop around for a bank account for your small business. The best three business account promotions for June 2020 are worth between $300 and $750 in free cash.


Bank of America Business Checking Account Promotion: Up To $750 Bonus 

Earn a cash bonus of $750 if you deposit $50,000 or more at Bank of America. Or you can earn $500 for $20,000 to $49,999 or $200 for $5,000 to $19,999. Here are the details:

  • Cash value: Up to $750
  • Minimum deposit to qualify: $5,000
  • Expiration date: June 12, 2020
  • How to get it: Sign up online for a business checking account, deposit the required amount within 15 days, maintain the minimum balance for the bonus tier for 60 days and make five or more qualifying electronic payments. The Bank of America coupon code will apply automatically.
  • When you’ll get it: You’ll receive the bonus after the 60-day balance maintenance period is over.
  • Terms and conditions: Bonus is available to new business banking customers only.
  • Monthly fees: Fees of $14 to $29.95 apply but can be waived by following the business account’s minimum requirements.
  • Promotion page: Bank of America Business Checking Account Promotion

See: Best Bank of America Promotions

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Huntington Bank Business Checking Account Promotion: Up To $750 Bonus

Earn between $200 and $750 as a new account bonus from Huntington Bank, depending on your opening balance. You’ll need to deposit at least $20,000 for the $750, but you can qualify for bonus amounts of $200 or $400 with a smaller deposit. 

  • Cash value: Up to $750
  • Minimum deposit to qualify: $20,000
  • Expiration date: July 7, 2020
  • How to get it: Request a Huntington Bank coupon, open a business account, make the minimum deposit required within 60 days and keep the account open for 90 days.
  • When you’ll get it: You’ll receive the bonus within 14 days after conditions have been met.
  • Terms and conditions: Bonus is available for new business account holders only. 
  • Monthly fees: Fees of $0 to $40 apply, which can be waived by keeping minimum account balances.
  • Promotion page: Huntington Bank Business Checking Account Promotion

Check Out: Best Huntington Bank Promotions

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Best Credit Card Rewards Promotions

Combine the bank promotions above with one of the following credit card promotions to maximize your new account cash earnings. You’ll need good credit to get approved for the cards, so take some steps to bump up your credit score before you apply.

US Bank logo May 2020
US Bank Altitude Reserve Visa Infinite Credit Card: Bonus Points ($750 Cash Value)

The Altitude Reserve Visa from U.S. Bank will get you one step closer to traveling. The bank is currently awarding new card clients with 50,000 bonus points worth $750 in travel.

  • Cash value: 50,000 points with a $750 cash value
  • Minimum spend to qualify: $4,500
  • Expiration date: Ongoing
  • How to get it: Make $4,500 in purchases in the first 90 days after approval.
  • When you’ll get it: You’ll receive the bonus one to two billing cycles after meeting requirements.
  • Terms and conditions: This offer is subject to credit approval; no US Bank coupon or promo code required.
  • Monthly fees: $400 annual fee
  • Promotion page: U.S. Bank Altitude Reserve Visa Infinite Credit Card

Check Out: Best US Bank Promotions

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BBVA Select Credit Card Promotion: Bonus Points ($500 Cash Value)

This top-tier credit card from BBVA earns you up to 4x points on purchases, which you can redeem for cash or free travel. If you’ve been shopping around for a new rewards credit card, take a look at the terms for this one: 

  • Cash value: 50,000 bonus points with a cash value of $500
  • Minimum spend to qualify: $4,000
  • Expiration date: Ongoing
  • How to get it: Apply, get approved and spend $4,000 in the first 90 days.
  • When you’ll get it: Not specified
  • Terms and conditions: Offer available to residents of Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas. No BBVA Bank coupon code needed.
  • Monthly fees: $99 annual fee (waived the first year)
  • Promotion page: BBVA Select Visa Credit Card Promotion

See More: Best BBVA Promotions

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More Bank Promotions

Rates are subject to change; unless otherwise noted, rates are updated periodically. Information on promotions was sourced from banks’ websites on May 5, 2020. Additional requirements may apply. Offers and terms are subject to change.

GOBankingRates bases its assessment of “best” and “top” products on the above-stated parameters to create a baseline for comparison. This assessment is an approximation of “best” and “top” designed to help consumers find products that might be appropriate for them. There could be other options available as well. Consumers should consider various options appropriate for their circumstances.

GOBankingRates is a personal finance and consumer interest rate website owned by ConsumerTrack Inc., an online marketing company serving top-tier banks, credit unions and other financial services organizations. Some companies mentioned in this article might be clients of ConsumerTrack Inc., which serves more than 100 national, local and online financial institutions. Rankings and roundups are completely objective, and no institution, client or otherwise, paid for inclusion or specific placement. Any opinions, analyses, reviews or recommendations expressed in this article are those of GOBankingRates alone and have not been reviewed, approved or otherwise endorsed by the companies included in the article. All fees and rates are subject to change at the issuers’ discretion. Some interest rates might be short-term or promotional offers only, and it is possible additional terms and conditions must be met to obtain the interest rates listed. Rates and availability might vary by region. Verify terms and conditions before opening an account.

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