How long does it take to receive a new account bonus?

While it ultimately depends on the account, bonuses at Valley National Bank usually take two billing cycles to show up after you make the minimum payments within the established timeframe.

What happens if I close my account early?

It depends on what kind of account. The terms for closing a savings account early may lead to penalties that differ from that of a credit card, which may affect your credit and a checking account.

Are there any taxes on bank bonuses?

Yes. All bank bonuses above $10 are taxed, and your bank will send you a 1099 form to report your income accurately.

Advertiser Disclosure

Valley National Bank Bonus Offers and Promotions for 2026

April 1, 2026

4 min Read

Written by Cynthia Bowman

Edited by Elizabeth Constantineau, CFHC™

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GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.

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Valley National Bank offers accounts that can help you earn interest, save money and gain points on your most frequent purchases. Whether you are a senior or a teen, there’s something to suit everyone, allowing you to maximize your profit and earn rewards simply for signing up.

Current Valley National Bank Bonuses: April 2026

Here’s a look at the bonuses currently on offer for Valley National Bank:

Account	Bonus	Minimum Opening Deposit
All Access Checking	$100	$100
My Teen Checking	$25	$25

All Access Checking: $100 Bonus

When you open a new All Access Checking account, you can earn a $100 bonus by meeting some simple requirements.

Bonus value: $100
Minimum deposit to qualify: Must receive $500 in direct deposit within 60 days of opening your account.
Expiration date: N/A
How to claim: Open a new account and receive a total of $500 in qualifying direct deposits within the first 60 days from the date of opening the account.
When you’ll get it: Bonus will be credited within 30 days after meeting the requirements.
Terms and conditions: Must be 18 or older, Valley employers are not eligible for this offer and the offer can be withdrawn or modified without prior notice.
Monthly fee: $15 if balance falls below $500

Claim your $100 bonus by opening an All Access Checking Account.

My Teen Checking: $25 Bonus

Teens can earn a quick boost to their new checking accounts by just using their debit card.

Bonus value: $25
Minimum deposit: $25
Expiration date: N/A
How to claim: Open an account in person with your teen at a local Valley Bank branch and use your Valley debit card within 90 days.
When you’ll get it: Within three statement cycles after account opening
Terms and conditions: Your teen must be between 13 and 16 years old to qualify for this account. You must be a joint account holder with your teen. To be eligible for the reward, at least one debit card transaction must be made within 90 days of account opening.
Fees: Once your teen turns 17, the account is subject to the terms and fees of a My Choice Checking Account.

Top Accounts for {{current_month-name}}

Learn more about the My Teen Checking Account.

Comparing Valley National Bank Offers to Competitors

Although most banking institutions offer similar rewards programs, Valley National Bank differs in the number of accounts you can open. You can open accounts for minors under 18, teens between 13 and 16, and hassle-free accounts for seniors.

Here’s a look at a savings account comparison between Valley National Bank and some of its competitors.

Savings Account Comparison

Fees

$4, waivable

$0 to $8 monthly

$0 to $4.99

APY

–

Min Opening

$100

$10

Tips for Maximizing Your Valley Bank Offer

Here are some of the best ways to maximize your Valley Bank offers, regardless of your account type:

Keep track of balance minimums
Wait until your credit improves to qualify for a lower annual percentage rate (APR)
Meet all the spending requirements

Keep In Mind

Not all banks offer the same value. The right account depends on your spending habits and online banks may offer better rates due to lower overhead.

The Bottom Line

Valley National Bank is amping up its offerings by allowing existing and prospective customers to choose an account that best suits their spending habits, lifestyle and financial goals.

By giving clients a better incentive through bonuses, reward points and a slightly lower APR rate, opening an account at Valley Bank can be a positive step for adults and seniors with solid financial goals and consistent spending habits.

Valley National Bank Bonus FAQs

Here are the answers to some of the most frequently asked questions about Valley National Bank's bonuses, promotions and offers.

How long does it take to receive a new account bonus?
- While it ultimately depends on the account, bonuses at Valley National Bank usually take two billing cycles to show up after you make the minimum payments within the established timeframe.
What happens if I close my account early?
- It depends on what kind of account. The terms for closing a savings account early may lead to penalties that differ from that of a credit card, which may affect your credit and a checking account.
Are there any taxes on bank bonuses?
- Yes. All bank bonuses above $10 are taxed, and your bank will send you a 1099 form to report your income accurately.

Top Accounts for {{current_month-name}}

More About Valley National Bank

Cynthia Bowman and Rudri Patel contributed to the reporting for this article.

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of March 25, 2026.

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.