Best New Bank Promotions in Florida: January 2021 Offers, Coupons and Bonuses

Florida bank promotions

Florida has no shortage of regional and national banking choices for those who’ve recently moved to the Sunshine State or are looking to switch banks. These banks want your business and are willing to pay you for it.

You can make hundreds just by opening an account and completing qualifying activities. And during the current economic decline, extra cash can be helpful. Through these Florida bank promotions on this list, you can score up to $1,000. Best of all, the requirements are within reach for most people.

Best Checking Account Promotions in Florida

You can get more for your money with the right personal checking account promotions in Florida. Consider opening one of these accounts to earn bonus cash:

HSBC Premier or Advance Checking: Up To $600 Bonus

Open an HSBC Premier Checking or Advance Checking account and earn up to $600. With Premier Checking, you enjoy exclusive benefits like fee-free ATMs and premier status with global HSBC affiliates. Advance Checking comes with similar international support and lower requirements to earn a reward.

  • Cash value: Up to $600
  • Minimum deposit to qualify: Not specified
  • Expiration date: March 31
  • 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 amount of $600 for a Premier Checking account and $240 for an Advance Checking account.
  • When you’ll get it: You’ll receive each month’s bonus within eight weeks after the statement closes.
  • Terms and conditions: Offer is not available to anyone who had an HSBC account after Jan. 7, 2018. You must apply online using the “Apply Now” button on the offer webpage.
  • Monthly fees: $50 for HSBC Premier Checking and $25 for HSBC Advance Checking, but fees can be waived by meeting balance or direct deposit requirements.
  • Promotion page: HSBC Premier or Advance Checking bonus offer
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TD Bank Beyond Checking Account: $300 Bonus

TD Bank has 124 branches in Florida, so you should be able to find a banking center near you. Now you can earn $300 when you open a TD Beyond Checking account and fulfill the requirements. Here’s more:

  • Cash value: $300
  • Minimum deposit to qualify: $2,500
  • Expiration date: None
  • How to get it: Open a TD Beyond Checking account and receive at least $2,500 in direct deposits within the first 60 days.
  • When you’ll get it: No later than 140 days after the account is opened, if the deposit conditions are met
  • Terms and conditions: The offer is available for new accounts only. Account must be open and in good standing to receive the bonus.
  • Monthly fees: $25, but can be waived with a minimum daily balance of $2,500 or monthly direct deposits of $5,000 or more.
  • Promotion page: TD Bank Beyond Checking Account bonus offer

Chase Total Checking: $200 Bonus

Chase Total Checking blends the best of both worlds. You have access to your account through the mobile app and at more than 4,700 branches around the country. If you’re in Florida, you can open a new account and score a $200 bonus.

  • Cash value: $200
  • Minimum deposit to qualify: Not specified
  • Expiration date: April 14
  • How to get it: Open a new Chase Total Checking account before the expiration date. Then set up and receive a direct deposit within 90 days.
  • When you’ll get it: Within 15 days of meeting the requirements
  • Terms and conditions: The offer is available to new Chase customers who have not had a Chase account in the last 90 days or closed an account with a negative balance within the last three years. Direct deposits must come from payroll, pension or government benefits.
  • Monthly fees: $12, but can be waived with a beginning daily balance of $1,500 or electronic deposits totaling $500 or more.
  • Promotion page: Chase Total Checking bonus offer

Best Savings Account Promotions in Florida

You can get a nice financial boost to your savings account by signing up for one of the following savings account promotions in Florida:

Citi Priority Account Package Checking and Savings Account Promotion: $700 Bonus

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Open a checking and savings account with Citi, and you’ll earn $700 if you can meet the requirements. Here are the details:

  • Cash value: $700
  • Minimum deposit to qualify: $50,000
  • Expiration date: April 1
  • How to get it: Open a new checking and savings account in the Citi Priority account package, deposit a combined $50,000 into the accounts within 30 days and maintain a minimum combined balance of $50,000 for 60 days.
  • When you’ll get it: Within 90 days after completing the requirements
  • Terms and conditions: Must apply directly from the offer page and maintain a minimum combined balance of $50,000 for 60 days
  • Monthly fees: $30, but waived for maintaining a $50,000 combined balance among all accounts
  • Promotion page: Citi Priority Account Package Checking and Savings Account Promotion

SunTrust Checking and Savings Combo: Up To $1,000 Bonus

SunTrust’s latest promotion will put up to $1,000 in your pocket for opening a checking and savings account. You can also open a savings account and skip the checking requirement, but your bonus will only be up to $200. Here are the details:

  • Cash value: Up to $1,000
  • Minimum deposit to qualify: $1
  • Expiration date: March 31
  • How to get it: Open a new SunTrust checking account and receive direct deposits worth $500 within 90 days. Then open a SunTrust savings or money market account and deposit and keep a minimum balance to earn the complete bonus.
  • When you’ll get it: Within four weeks of meeting the requirements
  • Terms and conditions: You must use promo code CHKSAVQ121.
  • Monthly fees: $7-$20, but it can be waived by meeting direct deposit or minimum balance requirements
  • Promotion page: SunTrust Checking and Savings Combo bonus offer

Best Business Account Promotions in Florida

If you have a business account, check out these business account promotions in Florida. You could add free cash to it by qualifying for one of these bonuses:

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

Earning this bonus should be easy for all residents with a business. You’ll get a cash bonus of $750 if you make a deposit of $50,000 or more and $500 for deposits of $20,000 to $49,999. Here’s more:

  • Cash value: Up to $750
  • Minimum deposit to qualify: $20,000 or $50,000
  • Expiration date: Jan. 31
  • How to get it: Sign up online for a business checking account and then deposit the required amount within 15 days. Next, maintain the minimum balance for the bonus tier for 60 days and make five or more qualifying electronic payments.
  • When you’ll get it: Within 60 days from the end of the qualifying period
  • Terms and conditions: For new business banking customers only. You must use the unique promo code sent from the bank.
  • Monthly fees: $16 to $29.95, but waived by following the business account’s minimum requirements
  • Promotion page: Bank of America Business Checking Account bonus offer

Midflorida Credit Union Free Personal and Business Checking Account: $600 Bonus

Want to do all your banking in one place? At Midflorida credit union, you’ll earn $600 when you open a free personal checking account and a free business account at the same time. Here’s more:

  • Cash value: $600
  • Minimum deposit to qualify: $5,000
  • Expiration date: None
  • How to get it: Make deposits of at least $5,000 per month for two of the first six months after opening the business account and then make five transactions within the first 45 days. For the personal account, borrow from a new loan account — consumer loan, line of credit or credit card — within 45 days of account opening.
  • When you’ll get it: After meeting all requirements
  • Terms and conditions: All owners of the business account must open $5 membership accounts.
  • Monthly fees: $0 to $25, but they can be waived by meeting minimum balance or direct deposit requirements.
  • Promotion page: Midflorida Credit Union Free Personal and Business Checking Account Bonus offer

First Horizon Business Checking and Savings Account: $450 Bonus

First Horizon will reward you with bonuses for opening a business checking account ($300 cash) and savings account ($150 Visa gift card). Here are the terms:

  • Cash value: $450
  • Minimum deposit to qualify: $7,500
  • Expiration date: March 31
  • How to get it: Print the offer certificate, visit a branch and open a business checking account with at least $5,000 and a savings account with at least $2,500. Then, complete five transactions through the checking account.
  • When you’ll get it: The $300 cash bonus will be deposited into your account within six weeks after meeting the requirements. The $150 gift card will be mailed to you within four to six weeks.
  • Terms and conditions: You must use coupon codes BZD300 and SMBSSV when opening the accounts. The bonuses will be reported as income to the IRS.
  • Monthly fees: $0-$25, but they can be waived by meeting minimum daily or collected balance requirements.
  • Promotion page: First Horizon Business Checking and Savings Account bonus offer

How To Find the Best Florida Bank Promotions

Finding the best Florida bank promotions takes a little effort, but it can pay off in the end. In addition to checking out the deals on this list, visit or call local Florida bank branches and ask about new account offers. However, the promise of free money shouldn’t be the only factor you consider when choosing a bank. What’s more important is to make sure the bank meets your financial needs.

Information on promotions is accurate as of Jan. 26, 2021. Additional requirements may apply. Offers and terms are subject to change. For the most up-to-date information on an institution or its accounts, visit its website. 

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 content is not provided by Citibank. 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 Citibank.

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.

Best New Bank Promotions in Florida: January 2021 Offers, Coupons and Bonuses
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