15 Best New Bank Promotions and Bonuses: December 2019

See the top bank promotions available now.

Failing to do your research before opening a new bank account could cause you to miss out on valuable bank promotions, including bonus airline miles and cash rewards. Fortunately, you won’t have to spend hours combing through the details of promotional offers on banks’ and credit unions’ sites because GOBankingRates has done the legwork for you.

The following list of 15 current bank promotions is updated monthly, and it contains the best offers available this December. Read on to learn more about these special bank offers — some of which are free and require no minimum deposit.

Here are the top 15 bank account promotions available through December 2019:

Bonus Miles Offers

Although banks more commonly offer cash bonuses in connection with opening savings and checking accounts, other incentives — such as airline miles — are available.

BankDirect logo 2017BankDirect Mileage Checking With Interest Account: 22,000 Bonus Miles

The BankDirect Mileage Checking With Interest Account allows you to earn a healthy allowance of American Airlines AAdvantage miles. Both new and current AAdvantage members can earn miles in several different ways.

BankDirect Mileage Checking With Interest Account Bonus Requirements and Limitations:

  • 1,000 miles at account opening
  • 10,000 miles for direct deposits received over six consecutive statement cycles, at a minimum of $2,000 per month
  • 5,000 miles for using the online bill pay service for at least three payees, totaling $500 per month for six consecutive statement cycles
  • 5,000 miles for 12 transactions with the BankDirect Visa CheckCard totaling $500 per month for six consecutive statement cycles
  • 1,000 miles for referring a friend who opens an account; lifetime maximum of 10,000 miles for referrals
  • $500 minimum to open; $12 monthly fee

Related: The Best Airline Rewards Programs With Points You Can Actually Use

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$1,000 Bonus Offers

Only one bank account offer qualifies for this section. Earning this $1,000 bonus won’t happen overnight — or even in a few years — but it’ll pay off nicely if you’re patient.

Citizens Bank CollegeSaver Account: $1,000 Bonus

With as little as $25, you can set your child up for a nice payoff on their 18th birthday. Plus, interest applies to the entire savings balance. However, this lucrative deal is only available in select states, including Rhode Island, Massachusetts, Connecticut, New Hampshire, New York, Michigan, Vermont, New Jersey, Delaware, Ohio and Pennsylvania.

Citizens Bank CollegeSaver Account Bonus Requirements and Limitations:

  • Must open CollegeSaver account before child’s 12th birthday
  • $25 minimum opening deposit for children under 6 years of age; $500 minimum deposit for children ages 6 to 12
  • Must contribute minimum required amounts each year: $25 annually for accounts opened for children under 6 years of age; $50 annually for accounts opened for children between 6 and 12 years of age
  • $1,000 bonus plus interest awarded on child’s 18th birthday

Check Out: VIP Private Banking Services You Never Knew Existed

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$650 to $750 Bonus Offers

The opportunity to receive a $650 to $750 bank bonus doesn’t happen every day. But if you can set up recurring direct deposits in the required monthly amounts, one of these bonuses could be yours.

HSBC Premier Checking Account: $750 Bonus

Earn a welcome deposit by meeting a few simple requirements when you open this personal checking account. To be eligible, you must not have had an HSBC consumer deposit or investment account between July 31, 2016 and Dec. 31, 2019.

HSBC Premier Checking Account Bonus Requirements and Limitations:

  • $1 minimum opening deposit required
  • HSBC Premier checking account must be opened online at the HSBC offer page
  • Make recurring Direct Deposits totaling at least $5,000 from a third party to your HSBC Premier checking account(s) per calendar month
  • Receive monthly direct deposits totaling at least $5,000 into your checking account for three consecutive months following account opening
  • Offer expires Dec. 31

How To Get One and How To Read ItBank Statements 101

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Wells Fargo logo 2017

Wells Fargo Checking and Savings Account: $650 Bonus

If you’re in the market for both a checking and savings account, you can score big with this cash bonus from Wells Fargo.

Wells Fargo Checking and Savings Account Bonus Requirements and Limitations:

  • Open an eligible checking account with at least $25
  • Must have a total of at least $3,000 in direct deposits to checking account each month for three consecutive months
  • Direct deposits to checking account must be made within 150 days of account opening
  • Open a savings account with at least $25
  • $15,000 minimum deposit in new funds to savings account within the first 10 days
  • Maintain minimum savings balance of $15,000 for at least 90 days
  • Offer expires Dec. 31

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$400 to $500 Bonus Offers

Sometimes when a bank account promotion rolls around, the timing is off and you find yourself short on funds to deposit. But one of the promotions in this category features a low opening deposit plus up to 150 days to meet requirements, which could help you garner a nice bonus.

Learn: How To Find No-Fee ATMs Near You

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Fidelity Bank Checking Account: $400 Bonus

You’ll have to meet several requirements to earn a $400 bonus from Fidelity Bank, but they’re all relatively easy to achieve. Only new personal checking account customers are eligible for this bonus.

Fidelity Bank Checking Account Bonus Requirements and Limitations:

  • Minimum opening deposit between $25 and $1,000, depending on the type of checking account chosen
  • $2,500 in direct deposits or recurring credits must be received monthly for three consecutive months
  • Must meet requirements within 150 days of account opening
  • Limited-time offer

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Wells Fargo logo 2017

Wells Fargo Checking Account: $400 Bonus

If you’re a new Wells Fargo checking customer, you’re eligible for this $400 welcome deposit bonus. The catch is that the offer is limited to participating locations. If you’re eligible to open your account online, the promo code will be automatically applied when you complete your online application.

Wells Fargo Checking Account Bonus Requirements and Limitations:

  • Minimum opening deposit of $25
  • Account must receive $3,000 in qualifying direct deposits each month for three consecutive months within 150 days of opening the account
  • Teen Checking and Greenhouse accounts are ineligible
  • Offer expires Dec. 31

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$300 to $360 Bonus Offers

A handful of banks are offering checking account promotions featuring bonuses of up to $360 through December 2019. Some of the bank offers are only available in select markets.

Discover Cashback Debit Checking Account: $360 Bonus

Earn up to $360 annually with this Discover checking account that rewards you for debit card purchases. With no monthly fee and no balance or activity requirements, getting this bonus should be easy.

Discover Cashback Debit Checking Account Bonus Requirements and Limitations:

  • No minimum deposit required
  • 1% rewards rate
  • Up to $3,000 of debit card purchases each month are eligible for rewards
  • ATM transactions, money order purchases, cash back at point-of-sale transactions, peer-to-peer transactions, loan funding and account payments are not eligible for rewards
  • Cash-back bonus rewards based on debit card purchases rounded to the nearest dollar

Everything You Need To Know: How To Open a Bank Account Online

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HSBC Advance Checking Account: $350 Bonus

Eligibility for this HSBC bonus means that you can’t have held a consumer deposit or investment account with the bank from July 31, 2016 to July 31, 2019. Once you clear that hurdle, you’ll just have to meet deposit minimums.

HSBC Advance Checking Account Bonus Requirements and Limitations:

  • $1 minimum opening deposit required
  • HSBC Advance checking account must be opened online at the HSBC offer page
  • Deposit a minimum qualifying balance of $5,000 in new money into combined checking and savings accounts within the first 30 days
  • Maintain minimum qualifying balance for 90 days
  • Set up recurring direct deposits from an outside party that occur once per month for at least three consecutive months following account opening month
  • Offer expires Dec. 31

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Chase

Chase Total Checking and Chase Savings Account: $350 Bonus

With nearly 5,000 branches and more than 16,000 ATMs nationwide, Chase is a reliable source of banking. The $350 bonus offer could be worth it if you’re looking for a new bank to route direct deposits and you have substantial funding to open a new savings account.

Chase Total Checking and Chase Savings Account Bonus Requirements and Limitations:

  • $200 bonus for opening Chase Total Checking account and receiving a direct deposit within the first 60 days
  • $150 bonus for opening Chase Savings account and depositing at least $10,000 within first 20 business days of account opening; must maintain $10,000 minimum balance for 90 consecutive days
  • Bonuses not available to existing Chase customers or customers with fiduciary accounts
  • Bonuses not available to people who have closed accounts within past 90 days or closed accounts with a negative balance
  • Bonus amount deducted at time of closing for accounts closed within six months of opening
  • Offer expires Jan. 21, 2020

Related: Best Debit Card Rewards Programs

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TD Bank logo 2017

TD Bank TD Beyond Checking Account: $300 Bonus

With nearly 1,300 locations along the East Coast, TD Bank has a wide network. The $300 bonus offer is only open to new customers who have never held a TD Bank checking account.

TD Bank TD Beyond Checking Account Bonus Requirements and Limitations:

  • Offer applies to TD Beyond Checking account only
  • Account must be opened from the offer page
  • Must make cumulative direct deposits of at least $2,500 within 60 days of account opening
  • Monthly maintenance fee of $25 waived if a $2,500 daily balance is maintained

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PNC Bank Performance Select Checking Account: $300 Bonus

If you have at least $5,000 in direct deposits each month, this PNC Bank $300 bonus might be simple for you to snag. Plus, the account has one of the lowest opening deposits out there.

PNC Bank Performance Select Checking Account Bonus Requirements and Limitations:

  • $25 minimum opening deposit
  • At least $5,000 in total direct deposits within first 60 days
  • At least 10 PNC Bank Visa debit card purchases made from the account within first 60 days
  • Offer expires Dec. 31

See: Best Online Banks of 2020

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$200 to $250 Bonus Offers

Score up to a $250 bonus via one of these checking or savings account promotions. Several available options are valid through December. But you’ll have to qualify to apply first, and some offers make it easier than others.

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Citibank logo

Citibank Basic Banking Package: $200 Bonus

Earn $200 when you open a new eligible checking account with Citibank and complete qualifying activities. To enroll in this offer, you must enroll directly from the bank’s offer page.

Citibank Basic Banking Package Bonus Requirements and Limitations:

  • Minimum opening deposit of $5,000
  • Within 30 days of account opening, minimum deposit must be made
  • Must maintain a minimum balance of $5,000 for 60 days
  • Offer valid for new-to-Citibank customers only
  • Offer expires Dec. 31

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    Chase

    Chase Total Checking Account: $200 Bonus

    If opening a new savings account and depositing at least $10,000 — in addition to opening a new checking account — isn’t in the cards for you, you might want to consider just opening a Chase Total Checking account. By doing so, you can net $200.

    Chase Total Checking Account Bonus Requirements and Limitations:

    • $200 bonus for opening a Chase Total Checking account and receiving a direct deposit within the first 90 days
    • Bonuses not available to existing Chase customers or customers with fiduciary accounts
    • Bonuses not available to people who have closed accounts within past 90 days or closed accounts with a negative balance
    • Bonus amount deducted at time of closing for accounts closed within six months of opening the account
    • Offer expires Jan. 21, 2020

    Also See: Best Banks With No Fees

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      $100 to $150 Bonus Offers

      You might qualify for one of these offers if a higher bonus is out of your financial reach. Limitations and requirements vary depending on the institution, but most of the following offers make it quick and easy to grab at least a $100 bank account bonus.

          TD Bank logo 2017

          TD Bank TD Convenience Checking Account: $150 Bonus

          The TD Convenience Checking account bonus is available to new TD Bank customers without a prior or current personal checking account.

          TD Bank TD Convenience Checking Account Bonus Requirements and Limitations:

          • $100 minimum daily balance to waive $15 account maintenance fee
          • $500 in direct deposit funds required within 60 days of account opening

          Also Check Out: Best Travel Credit Cards of 2019

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          Bank of America

          Bank of America Checking Account: $100 Bonus

          Bank of America allows you to choose the checking account that works best for you and pays you a $100 bonus for completing qualifying activities. Available checking account options are Advantage SafeBalance Banking, Advantage Plus Banking and Advantage Relationship Banking.

          Bank of America Checking Account Bonus Requirements and Limitations:

          • Must apply via “Open Now” link on offer page
          • Must set up and receive at least two qualifying direct deposits of $250 or more each during the first 90 days
          • $25 minimum opening deposit for Advantage SafeBalance Banking account; $100 minimum opening deposit for other accounts
          • $4.95 monthly maintenance fee for Advantage SafeBalance Banking account; $12 fee for Advantage Plus Banking; $25 fee for Advantage Relationship Banking
          • Monthly maintenance fees can be waived if the account holder meets certain requirements
          • Offer valid for new checking customers
          • Offer expires Dec. 31

          Check Out: Best National Banks of 2020

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          More From GOBankingRates

          Information on promotions was sourced from banks’ websites on Nov. 13, 2019. Additional requirements might 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 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.

          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.

          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 Measom is a Texas-based writer specializing in finance, business, parenting and education. With almost a decade of online writing experience, her work has appeared on websites such as Chron.com, The Bump and The Motley Fool. Measom received a Bachelor of Arts in English from the University of Texas at Austin.