Newest Bank Promotions, Offers, Coupons and Bonuses: January 2021

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Banks regularly offer cash bonuses and other promotions to attract new customers. You can earn hundreds of dollars just by opening an account. If you’re like many other Americans, having extra cash available during this economic climate is a comfort.

GOBankingRates reviewed banks across the U.S. in search of the best bank promos. The savings and checking account bonus offers that made the final new bank promos list were chosen based on their high cash values and how easy the rewards are to earn. Here’s what you need to know about the best checking, savings and business account promotions across the nation.

Checking Account Promotions

A checking account is a basic financial tool that everyone should have. Now may be the time to find a new bank and take advantage of lucrative checking account promotions.

Flushing Bank Complete Checking Account: Up To $700 Bonus

If you live in New York, take a closer look at Flushing Bank. Its Complete Checking account has no fees or monthly minimum balance requirements. As an account holder, you’ll also qualify for the bank’s Customer Value Program and a combined bonus worth up to $700. Here are the details:

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Sponsors of
  • Cash value: Up to $700
  • Minimum deposit to qualify: $500
  • Expiration date: N/A
  • How to get it:
    • To earn the Costumer Value Program Activation Bonus of $200, receive two direct deposits totaling $250 each within 90 days of account opening to earn $100, complete five debit card transactions within 60 days of account opening to earn $50 and complete five online banking bill payments of at least $25 each within 60 days of account opening to earn an additional $50.
    • The Customer Value Program Balance Bonus is based on the account’s three-month average balance and ranges from $10-$500. To get it, you must maintain a three-month average balance of at least $1,000.
  • When you’ll get it: CVP Activation Bonus will be credited at the end of the month following completion of qualifying activities. CVP Balance Bonus will be credited the month following the account’s three-month anniversary.
  • Terms and conditions: The bonus is forfeited if the account is closed in less than six months or before receiving the bonus. Bonuses are not available to current checking account holders.
  • Monthly fees: None
  • Promotions page: Flushing Bank Complete Checking bonus offer

TD Bank Beyond Checking: $300 Bonus

TD Bank provides online checking and high-yield savings accounts. As an online bank, TD Bank is accessible to customers no matter where they live. That’s good news if you want to earn $300 for meeting a direct deposit requirement. Here are the complete terms:

  • Cash value: $300
  • Minimum deposit to qualify: $2,500
  • Expiration date: N/A
  • 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: Within 140 days of opening the account and meeting the terms
  • Terms and conditions: This offer is available to new customers only. No bank coupons are required.
  • Monthly fees: $25, but can be waived by keeping a $2,500 minimum daily balance, receiving at least $5,000 per month in direct deposits or maintaining a combined balance of $25,000 across TD Bank accounts.
  • Promotions page: TD Beyond Checking bonus offer

Dollar Bank Everything Checking Account: Up To $400 Bonus

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Dollar Bank’s Everything Checking account is an interest-earning account that comes with perks like relationship rates and discounts. You also can earn a $400 bonus when you open an Everything Checking account and participate in the bank’s Workplace Banking program. Here are the details:

  • Cash value: Up to $400
  • Minimum deposit to qualify: $1,000
  • Expiration date: Dec. 31
  • How to get it: Open an account online or in person. Receive at least $1,000 in direct deposits within the first 90 days to earn $100. To earn the next $200, make at least $5,000 in direct deposits during the first 90 days. You’ll get the final $100 bonus following the account’s one-year anniversary.
  • When you’ll get it: The first $100 and $200 bonuses will be credited 40 days after each direct-deposit condition is met. The additional $100 bonus will be credited within two months of the account’s one-year anniversary.
  • Terms and conditions: The offer is available to new customers and Dollar Bank Workplace Banking members only. A Dollar Bank coupon is required.
  • Monthly fees: $5, but can be waived with six qualifying posted payments made per month or a $2,500 average monthly checking balance.
  • Promotions page: Dollar Bank Everything Checking bonus offer

Wintrust Total Access Checking: $300 Bonus

Wintrust serves customers in Chicago, northwest Indiana and southern Wisconsin. The bank’s Total Access Checking account comes with features you expect, such as online banking and remote check deposit. It also comes with a $300 bonus that’s relatively easy to earn. Here are more details:

  • Cash value: $300
  • Minimum deposit to qualify: $500
  • Expiration date: Dec. 31
  • How to get it: To earn $300, open a checking account online, enroll in online banking, set up e-statements and receive at least $500 per month in direct deposits for two consecutive months.
  • When you’ll get it: Within 30 days after meeting the balance requirements
  • Terms and conditions: The offer is available for new accounts opened between Jan. 1 and Dec. 31. It is not available to existing or closed checking customers — limit one bonus per customer.
  • Monthly fees: None
  • Promotions page: Wintrust Total Access Checking bonus offer

Savings Account Promotions

A savings account is a great place to keep your emergency fund or set aside money to pay for big-ticket items. Boost your savings with one of these lucrative savings account promotions.

Chase Savings Account: $150 Bonus

Chase Bank is a convenient place to keep your savings. In addition to the mobile app, you have access to more than 4,700 branches and 16,000 ATMs across the country. Open a new savings account, and you can score a $150 bonus to reach your savings goals faster. Here are the details:

  • Cash value: $150
  • Minimum deposit to qualify: $10,000
  • Expiration date: April 14
  • How to get it: Open a new savings account by April 14. Deposit and maintain a balance of at least $10,000 within 30 days of account opening and maintain that balance for 90 days.
  • When you’ll get it: Within 15 days after meeting the balance requirements
  • Terms and conditions: The offer is available to new customers only. If the savings account is closed by the customer or Chase within six months after opening, bonus amount will be deducted at closing.
  • Monthly fees: $5, but Chase will waive the fee, with qualifying actions such as an opening daily balance of at least $300 or $25 or more in total automatic transfers from your Chase personal checking account.
  • Promotions page: Chase Savings Account bonus offer

Stanford Federal Credit Union New Member: Up To $500 Bonus

Stanford Federal Credit Union has generous membership requirements. Anyone who is part of the Stanford community can join. This includes students, staff, alumni and employees of Stanford University and Hospital. New members can earn up to $500 by opening a new checking account and completing requirements. Best of all, you can mix and match the current offers to customize your bonus. Here’s how:

  • Cash value: Up to $500
  • Minimum deposit to qualify: $1,500
  • Expiration date: N/A
  • How to get it:
    • Open a checking account with promo code NEWMB and set up minimum monthly direct deposits of at least $500 for three consecutive months within the first 60 days of account opening to earn $100.
    • Next, open a money market or savings account with at least $25,000 to earn another $200 within 30 days of establishing new membership.
    • Open a rewards credit card and spend at least $500 per month the first three months or maintain a minimum balance for three months to earn $100.
    • To get the final $100 bonus, make at least 20 debit card purchases per month for three months.
  • When you’ll get it: Within 30 days of meeting requirements
  • Terms and conditions: The offers are available only to new members. New members must meet membership eligibility requirements.
  • Monthly fees: $0-$10, but can be waived with minimum daily account balance, which varies per account.
  • Promotions page: Stanford Federal Credit Union new member offer

Business Account Promotions

Bank bonuses are also available for business accounts. Score some extra cash via these worthwhile business account promotions to share with employees or expand your business.

Huntington Unlimited Plus Business Checking: $750 Bonus

With a Huntington Unlimited Plus Business Checking account, you enjoy perks like unlimited transactions and online access to your account. For a limited time, new customers can select two bonus services when they sign up for a new account and earn a cash bonus of $750. Here’s how:

  • Cash value: $750
  • Minimum deposit to qualify: $20,000
  • Expiration date: Feb. 7
  • How to get it: Open an Unlimited Plus Business Checking account before Feb. 7. Deposit at least $20,000 within 60 days of opening the account.
  • When you’ll get it: Within 14 days of meeting the deposit requirements
  • Terms and conditions: The offer is available only to new business checking accounts. Accounts closed within 180 days may be charged an early cancellation fee.
  • Monthly fees: $40, but can be waived by maintaining a minimum relationship balance of $50,000.
  • Promotions page: Huntington Unlimited Plus Business Checking bonus offer

BMO Harris Business Advantage Checking: $500 Bonus

The BMO Harris Business Advantage Checking account is ideal for high volume businesses. You can deposit up to $20,000 in the account without incurring a charge and pay no fees for incoming wire transfers. Plus, the account features 500 free transactions per statement period. Here are the details to qualify for the $500 bonus:

  • Cash value: $500
  • Minimum deposit to qualify: $5,000
  • Expiration date: Jan. 31
  • How to get it:
    • Open a Business Advantage Checking account in a BMO Harris branch with the promo code email you received before Jan. 31.
    • Deposit at least $5,000 within the next 30 days.
    • Maintain a balance of at least $5,000 for the next 60 days.
    • Process at least 10 electronic transactions within 90 days of opening the account.
  • When you’ll get it: Approximately 130 days after opening the account
  • Terms and conditions: The offers are available only to new account holders. Bank bonuses are reported to the IRS.
  • Monthly fees: $20, but can be waived with an average collected balance of $5,000 or more per statement or $15,000 in combined balances.
  • Promotions page: BMO Harris Business Advantage Checking bonus offer

Huntington Unlimited Business Checking: $400

Huntington’s Unlimited Business Checking account comes with features like unlimited transactions, a 24-hour grace period to avoid overdraft fees and ways to waive the monthly fees. If you’re new to Huntington Bank, you also can earn a cash bonus worth $400. Here are the details:

  • Cash value: $400
  • Minimum deposit to qualify: $5,000
  • Expiration date: Feb. 7
  • How to get it: Open a Huntington Unlimited Business Checking account before the expiration date. Deposit at least $5,000 in the account within 60 days.
  • When you’ll get it: Within 14 days of meeting requirements
  • Terms and conditions: The bonus offer is available only to new members. Accounts closed within 180 days may be subject to an early account closing fee.
  • Monthly fees: $20, but can be waived with a total deposit relationship balance of at least $10,000.
  • Promotions page: Huntington Unlimited Business Checking bonus offer

BMO Harris Essential Business Checking: $200 Bonus

BMO Harris’ Essential Business Checking account gives smaller businesses many of the same perks bigger companies enjoy. You can still earn a lucrative $200 bonus when you open a new account. Here’s more:

  • Cash value: $200
  • Minimum deposit to qualify: $1,500
  • Expiration date: Jan. 31
  • How to get it:
    • Open an Essential Business Checking account before Jan. 31.
    • Deposit at least $1,500 within the next 30 days and keep that balance for the next 90 days.
    • Post at least 10 electronic transactions within 90 days of opening the account.
  • When you’ll get it: Approximately 130 days after opening the account
  • Terms and conditions: Offers are available only to new customers.
  • Monthly fees: $15, but fee can be waived by keeping an average collected balance of $1,500 or more during the statement period.
  • Promotions page: BMO Harris Essential Business Checking bonus offer

Is It Time To Switch Banks?

Now may be the time to switch banks if you can take advantage of one of the best bank promotions. Before you change banks, make sure it offers the products and services you need. A lucrative bonus is great, but it’s more important to have a bank that’s a good fit for your financial lifestyle.

Information on promotions is accurate as of Jan. 16, 2021. Additional requirements may apply. Offers and terms are subject to change.

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 the author 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.

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.

This article has been updated with additional reporting since its original publication.

Editorial Note: This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program.

About the Author

Cynthia Paez Bowman is a personal finance writer with degrees from American University in international business and journalism. Besides writing about personal finance, she writes about real estate, interior design and architecture. Her work has been featured in MSN, Brex, Freshome, MyMove, Emirates’ Open Skies magazine and more.

Newest Bank Promotions, Offers, Coupons and Bonuses: January 2021
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