Best Bank Bonuses and Promotions For October 2024

Banks regularly offer cash bonuses and other promotions to attract new customers. You can earn hundreds — and sometimes thousands — of dollars just by opening an account and qualifying for the bonus.

GOBankingRates reviewed banks across the U.S. in search of the best bank promos. The savings, checking, referral and business account bonus offers that made the final list were chosen based on their cash values and how easy the rewards are to earn.

Best Bank Bonuses and Promotions for October 2024

These are the promotions GOBankingRates selected as the best available right now:

• Huntington: Perks Checking or Platinum Perks Checking (up to $600 bonus)
• Citi®: Checking with Enhanced Direct Deposit ($325 bonus)
• Citizens: One Deposit Checking and Savings (up to $400)
• Truist: Truist One Checking ($400 bonus)
• U.S. Bank: Bank Smartly Checking (up to $450)
• Alliant Credit Union: Ultimate Opportunity Savings ($100 bonus)
• HSBC: Share the Experience referral bonus ($500)
• Chime®*: Referral bonus ($100)
• Huntington: Business checking account (up to $1,000 bonus)
• Citi: Business checking account (up to $2,000 bonus)
• M&T Bank: Tailored Business Checking (up to $1,500 bonus)

Best Checking Account Offers for October 2024

Here’s a look at some of the best checking account offers that are currently available.

Huntington: Perks Checking or Platinum Perks Checking (Up To $600 Bonus)

New Huntington Bank customers can earn up to $600 for opening and funding a Perks or Platinum Perks Checking account.

• Cash value: $400-$600
• Minimum deposit to qualify: $500 for $400 Perks Checking bonus; $25,000 for $600 Platinum Perks Checking bonus
• Expiration date: Feb. 7, 2025
• How to get it: Use the links on the offer page to sign up for a new Perks or Platinum Perks Checking account online or in person. Then make qualifying deposits:
  • For $400 Perks Checking bonus, receive direct deposits totaling $500 or more within 90 days of account opening.
  • For $600 Platinum Perks Checking bonus, make $25,000 in cumulative deposits within 90 days of account opening.
• When you’ll get it: Within 14 days after meeting the requirements
• Terms and conditions: Offer is only available to new checking customers who reside in Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, West Virginia or Wisconsin. You must use the “Apply Online” button or “Open at a Branch” link on the offer page on the Huntington website.
• Monthly fee: $10 for Perks Checking, waived with $1,000 in total monthly deposits or $5,000 in total relationship deposits; $25 for Platinum Perks Checking, waived with $25,000 total relationship balance
• Promotion page: Huntington checking account bonus offer

Citi: Checking With Enhanced Direct Deposit ($325 Bonus)

If you’re a new customer with Citi, you can receive $325 with this offer. Here are the details.

• Cash value: $325
• Minimum balance to qualify: $3,000
• Expiration date: Jan. 7, 2025
• How to get it:
  • You must complete at least two Enhanced Direct Deposits into your new account in the first 90 days after opening the account. The total of your deposits must be $3,000.
• When you’ll get it: Within 30 days of completing the required activities
• Terms and conditions: You must be a new checking account customer with Citi and meet the balance requirements described above with new-to-Citi funds. Your account must be open and in good standing to receive the bonus.
• Monthly fee: Up to $15 per month, with options to waive the fee. See website for details.
• Promotion page: Citi Checking with Enhanced Direct Deposit bonus offer

Citizens: One Deposit Checking and Savings (Up to $400 Bonus)

If you open your first new personal Citizens Checking and Savings account and satisfy offer requirements, you can get up to a $400 bonus.

• Cash value: Up to $400
• Minimum balance to qualify: $500
• Expiration date: Nov. 21, 2024
• How to get it: You can get $300 when you open your first new personal checking account and make a single direct deposit of $500 or more within 60 days. To get an additional $100, you need to also open your first new personal savings account on the same date as you open your new personal checking account and make monthly deposits of $100 or more for three months in a row, starting the month after the accounts are opened.
• When you’ll get it: The bonus will be deposited into your account in the fourth month. The first $300 will be deposited within 60 days of your first deposit and the remaining $100 will be deposited after you make at least $100 deposits for three months in a row. 
• Terms and conditions: You must be a new customer and keep an account balance greater than zero. Your account must also stay open and active through the payout date. 
• Monthly fee: As much as $9.99, but the monthly maintenance fee can be waived when you make one deposit each statement cycle.
• Promotion page: Citizens Promotion Page

Truist: Truist One Checking ($400 Bonus)

You can score an easy $400 bonus when you open an account at Truist and meet the requirements.

• Cash value: $400
• Promo Code: TRUIST400AFL24
• Minimum balance to qualify: $500 qualifying direct deposit
• Expiration date: Oct. 30, 2024
• How to get it: 
  • You must open the account online and enter the promo code to be eligible.
  • Set up a direct deposit of $500 or more.
  • Make a minimum of 15 qualifying debit card purchases within 90 days of account opening. 
• When you’ll get it: Your bonus will be deposited into your new checking account within four weeks after the requirements are met.
• Terms and conditions: You must be a new customer and open a Truist One Checking account online, Then complete the above activities within 90 days of the account opening to earn the $400 bonus. Offer available to those with mailing address in AL, AR, FL, GA, IN, KY, MD, NC, NJ, OH, PA, SC, TN, TX, VA, WV, or DC.
• Monthly fee: $12 maintenance fee. You can waive the fee in the five following ways: 
  • Make $500 or more in qualifying direct deposits per statement cycle.
  • On average, maintain a combined monthly balance of $500 or more across all eligible Truist accounts.
  • Have a personal Truist credit card, mortgage or consumer loan.
  • Link your account to a Truist small business checking account.
  • If you are a student under the age of 25.
• Promotion page: Truist Promo Page

U.S. Bank: Smartly Checking (Up To $450 Bonus)

U.S. Bank’s Bank Smartly Checking account is an interest-earning account that is offering a bonus worth up to $450. This bonus is achievable when you open a new U.S. Bank Smartly checking account and meet certain requirements. You must apply on the promotion page.

• Cash value: Up to $450
• Minimum opening deposit: $25
• Expiration date: Dec. 30, 2024
• How to get it: New customers must open a checking account using the link provided on the webpage or by calling the bank.
  • You need to deposit at least $25 to open the account. From there, you must enroll in the U.S. Bank mobile app or sign up for online banking within 90 days.
    • To earn $250: Deposit two or more direct deposits that total between $2,000 and $4,999.99
    • To earn $350: Deposit two or more direct deposits that total between $5,000 and $7,999.99
    • To earn $450: Deposit two or more direct deposits that total $8,000 or more.
• When you’ll get it: Your account statement will show your checking bonus as an adjusted interest credit within seven days after you have met the above requirements.
• Terms and conditions: Current U.S. Bank checking account holders and anyone who had an account at the bank within the last 12 months do not qualify for the bonus. It is not available to anyone who had received a checking bonus from the bank within the last 12 months.
• Promotion page: U.S. Bank checking bonus

Best Savings Account Promotions of October 2024

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 bank promotions.

Alliant Credit Union: Ultimate Opportunity Savings Account ($100 Bonus)

If you’re looking for a savings account with a higher-than-average APY, Alliant Credit Union’s Ultimate Opportunity Savings Account may be right for you. You can also earn a bonus when you establish a regular savings habit.

• Cash value: $100
• Minimum deposit to qualify: $1,200
• Expiration date: Dec. 31, 2024
• How to get it: 
  • Open a new Ultimate Opportunity Savings Account before Dec. 31 and deposit at least $100 in the account within 30 days of opening it.
  • Deposit at least $100 per month for the next 11 consecutive months and have a balance of at least $1,200 in the account at the end of the one-year period.
• When you’ll get it: The bonus should post to the account within four weeks after verification of all deposits.
• Terms and conditions: This bonus is not available for current Alliant Credit Union members or past members who closed an account within 180 days of opening it.
• Monthly fee: $0 if you opt for e-statements
• Promotion page: Alliant Credit Union Ultimate Opportunity Savings Account bonus

Best Bank Referral Sign-Up Bonuses of October 2024

Some banks offer referral bonuses to customers who encourage their family and friends to sign up for an account. Chances are, the person you refer will earn a bonus of their own.

HSBC: Share the Experience Bonus ($500)

HSBC will reward you with $500 for every friend or family member you refer who signs up for an account. When they qualify for an HSBC Premier checking account and complete qualifying activities, they’ll earn a bonus, too — up to $2,500. You can earn up to $5,000 in referral bonuses each calendar year.

• Cash value: $500 per qualified referral, up to $5,000 per calendar year
• Minimum deposit to qualify: None for referrer to earn bonus; $100,000 balance for referred individual
• Expiration date: Nov. 22, 2024
• How to get it: 
  • Log in to HSBC Personal Internet Banking and locate your Share the Experience referral code. Your referrals must open an eligible new account in person or online.
  • To receive a $1,500 bonus, the referral must deposit at least $100,000 in deposit and/or eligible investment accounts within 30 days of opening the account. The minimum qualifying balance for a referral to receive a $2,500 bonus is $250,000.
• When you’ll get it: Within eight weeks of your referral’s account opening
• Terms and conditions: Customers must have an HSBC Premier account in the U.S. and have access to HSBC Personal Internet Banking to qualify. The referral must keep their account open for at least 21 calendar days and must not have a current or past HSBC account in the U.S. on file. The referred customer must maintain the qualifying balance for three full calendar months. They must provide your personalized referral code at the account opening for you to qualify for the bonus.
• Monthly fee: $50; various qualifying activities available to waive the fee
• Promotion page: HSBC Share the Experience referral bonus offer

Chime: Referral Bonus ($100)

Chime makes it easy for you and a friend or family member to earn $100. There’s no limit on how many bonuses you can earn.

• Cash value: $100 per referral
• Minimum deposit to qualify: $200
• Expiration date: None disclosed
• How to get it: Send invites to contacts using the mobile app, or send them your customized link. You both receive a $100 bonus when they use your referral link to open a Chime account and receive a qualifying direct deposit of $200 or more within 45 days of account opening.
• When you’ll get it: After the terms are complete
• Terms and conditions: No additional terms noted
• Monthly fee: $0
• Promotion page: Chime referral bonus offer

Best Business Account Promotions of October 2024

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

Huntington: Business Checking Account (Up To $1,000 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 up to $1,000. Here’s how:

• Cash value: Up to $1,000
• Minimum deposit to qualify: $2,000 to earn $100 bonus; $5,000 to earn $400 bonus; $20,000 to earn $1,000 bonus
• Expiration date: Jan. 7, 2025
• How to get it: 
  • Open a Business Checking 100, Unlimited Business Checking or Unlimited Plus Business Checking account through the offer page or in-branch after choosing the “Open at a Branch” option on the offer page by Jan. 7.
  • Deposit at least $2,000 in new-to-Huntington funds within 60 days of opening the account to earn the $100 bonus, and keep your new account open for at least 90 days. The minimum deposit for the $400 bonus is $5,000, and you’ll need to deposit $20,000 for the $1,000 bonus.
• When you’ll get it: Within 14 days of meeting the requirements
• Terms and conditions: The offer is available only to new business checking accounts for residents of Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, West Virginia or Wisconsin. Accounts closed within 180 days may be charged an early account closing fee.
• Monthly fee: Waivable monthly fee of $40 for Unlimited Plus Business Checking or $20 for Unlimited Business Checking; $0 for Business Checking 100
• Promotion page: Huntington business checking bonus offer

Citi: Business Checking Account (Up To $2,000 Bonus)

If you’re a business owner, you can be eligible to receive up to $2,000 when you open a business checking account with Citi.

• Cash value: Up to $2,000
• Minimum balance to qualify: $5,000
• Expiration date: Jan. 7, 2025
• How to get it:
  • Deposit funds within 45 days of opening your account then maintain the minimum balance for an additional 45 days. Bonus tiers are below:
    • $5,000-$19,999: $300 bonus
    • $20,000-$99,999: $750 bonus
    • $100,000-$199,999: $1,500 bonus
    • $200,000 or more: $2,000 bonus
• When you’ll get it: Within 30 days from the end of the month when you meet all the requirements. Refer to the offer for full terms and conditions.
• Terms and conditions: You must be a new business checking account customer with Citi and meet the balance requirements described above with new-to-Citi funds. Your account must be open and in good standing to receive the bonus.
• Monthly fee: See website for details
• Promotion page: Citi business checking bonus offer

M&T Bank: Tailored Business Checking (Up To $1,500 Bonus)

Customers who open a new M&T Bank Tailored Business Checking account can earn up to a $1,500 bonus when they maintain a qualifying balance for three months. You’ll need to use the promo code BD to qualify.

• Cash value: Up to $1,500
• Minimum deposit to qualify: $5,000
• Expiration date: Dec. 31, 2024
• How to get it: You must open a new M&T Tailored Business Checking account with the promo code BD and maintain an average ledger balance of the following for three full calendar months:
  • $5,000-$14,999.99: $300 bonus
  • $15,000-$29,999.99: $500 bonus
  • $30,000-$99,999.99: $750 bonus
  • $100,000 or more: $1,500 bonus
• When you’ll get it: Within four months of opening the account
• Terms and conditions: This offer is not available to customers who’ve had an M&T business checking account within the previous 90 days of opening an M&T Tailored Business Checking account.
• Monthly fee: $20, waived with an average ledger balance of at least $10,000
• Promotion page: M&T Tailored Business Checking account bonus

Expired Bank Bonuses

It may be too late to take advantage of these bonuses, but seeing the types of bank bonuses offered in the past can be helpful as you consider current offers.

Citi: Savings Account (Up To $5,000 Bonus)

Citi offered new customers a bonus worth up to $5,000, although you had to be a literal millionaire to qualify for that amount. It also offered lower bonus tiers.

• Cash value: Up to $5,000
• How to get it:
  • You had to open a new Citi Savings account and fund it with new-to-Citi funds within 20 days of opening.
  • Then, you had to maintain a minimum balance for 60 days beyond the 21st day to get the bonus. The minimum deposit and balance amounts and bonuses were as follows:
    • $10,000-$29,999: $100 bonus
    • $30,000-$49,999: $150 bonus
    • $50,000-$99,999: $250 bonus
    • $100,000-$199,999: $500 bonus
    • $200,000-$499,999: $1,000 bonus
    • $500,000-$999,999: $2,500 bonus
    • $1,000,000 or more: $5,000 bonus
• When you got it: Within 90 calendar days after completing required activities
• Terms and conditions: New or existing Citi customers were eligible for this offer provided they opened a new savings account and followed the deposit minimums. The offer was available in New York, Connecticut, New Jersey, District of Columbia, Virginia, Maryland, California, Nevada and select markets in Illinois and Florida. Your account had to remain open and in good standing for 60 calendar days after completing the requirements.

Citi: Checking Account (Up To $2,500 Bonus)

If you met the deposit requirements, you would’ve been looking at a tidy sum of up to $2,500 from Citi® when you opened a new personal checking account in the Citigold® relationship tier. There were three checking account relationship tiers and bonus levels with this checking account bonus offer.

• Cash value: Up to $2,500
• Minimum balance to qualify: $30,000
• How to get it:
  • You had to maintain the minimum balance for 60 days after the 21st day from when you first opened the account.
    • $30,000-$199,999: $500 bonus
    • $200,000-$299,999: $1,500 bonus
    • $300,000 or more: $2,500 bonus
  • After making the qualifying deposit within the first 20 days, customers had to maintain that minimum balance for a consecutive 60 days.
• When you got it: Within 30 days of completing the required activities
• Terms and conditions: You had to be a new checking account customer with Citi and met the balance requirements with new-to-Citi funds. Your account had to be open and in good standing to receive the bonus.

TD Bank: TD Signature Savings or TD Simple Savings ($200 Bonus)

Two of TD Bank’s savings accounts offered a $200 bonus for opening new accounts, provided you met the funding requirements.

• Cash value: $200
• Minimum deposit to qualify: $10,000
• How to get it: 
  • Customers had to open a new TD Signature Savings or TD Simple Savings account and deposit at least $10,000 in new-to-the-bank funds within 20 days of opening.
  • Then, maintain at least $10,000 as the daily balance for 90 days after meeting the deposit requirement.
• When you got it: Within 180 days of account opening
• Terms and conditions: You must not have held a TD Bank savings or money market account within the past 12 months or claimed a past savings or money market account bonus. Your account had to remain open and in good standing for six months.

How To Find the Best Bank Bonuses

You’ll typically find the best bank bonuses when you open a new checking or savings account. New customers are a hot commodity, so when you are searching for accounts with the highest APYs, low minimum balance requirements or no monthly fees, also be sure to check out which bank or credit union is running a promotion to help get your business. 

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 the one you choose 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.

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Sarah Sharkey, Cynthia Measom, Caitlyn Moorhead, Allison Hache, Cynthia Bowman, Melanie Grafil and Julia Gordon contributed to the reporting for this article.

Information on promotions is accurate as of Oct. 17, 2024. Additional requirements may apply. Offers and terms are subject to change.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

The information related to Chase Business Complete Checking was collected by GOBankingRates and has not been reviewed or provided by the issuer of this product. Product details may vary. Please see the issuer’s website for current information. GOBankingRates does not receive commission for this product.

*Chime is a financial technology company, not a bank. Banking services provided by, and debit card issued by, The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.

GOBankingRates is a personal finance and consumer interest rate website and 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 GOBankingRates, 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.