It’s always nice when a company gives you an extra perk or discount on a product, especially when it’s something you really need. But when a bank or credit union is ready to give you free money simply for signing up for a checking account, it almost feels like payday came early.
The following five best checking account sign-up bonuses will give savvy savers and spenders alike a chance to manage their personal finances better.
1. Alliant Credit Union
The Deal: Customers of Alliant Credit Union who open an Alliant Free High Rate Checking account receive a $50 sign-up bonus.
The Catch: Customers must opt out of paper statements and receive only electronic statements via an email address. Checking account holders must also have at least one monthly electronic deposit a month connected to the account. Both requirements must be completed by Dec. 31, 2013, to qualify for the sign-up bonus.
2. Bank of America
The Deal: New Bank of America checking account holders can receive a $100 cash bonus using offer code BAW100N with their online application.
The Catch: Account holders have to set up and receive qualifying direct deposits totaling $2,000 every 30 days from the opening date of the checking account for 90 days. After 90 days the $100 checking account sign-up bonus will be deposited into the new account.
The Deal: When Chase depositors sign up for a new Chase Premier Plus Checking account, they can receive a $200 cash bonus offer with a coupon code and recurring direct deposit.
The Catch: Customers need to have a minimum opening deposit of $100 and have their first direct deposit post within 60 days of the account opening. The checking account sign-up bonus will only be deposited within 10 business days of the first direct deposit; the offer expires Nov. 26.
4. Fort Worth Community Credit Union
The Deal: Sign up for a Care(free) checking account with Fort Worth Community Credit Union and receive a $125 sign-up bonus when you set up active direct deposit.
The Catch: When you sign up for the account you must have a recurring direct deposit of at least $250 to your account within 60 days of the account opening. Customers must also have a debit card attached to the account and have the account remain open for a minimum of six months.
5. TD Bank
The Deal: Until Dec. 10, customers who open a checking account with TD Bank will receive a $100 cash deposit.
The Catch: Existing TD Bank checking account customers are not eligible, and new customers are required to make 15 debit card or bill pay transactions within 45 days of the account opening. Depositors must also allow 60 days upon completing requirements before receiving the $100 checking account sign-up bonus.
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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.