Newest Checking Account Bonuses and Promotions: July 2021

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Banks attract new customers through promotional offers like cash bonuses for new accounts. A GOBankingRates survey suggests that many Americans are missing out on this free money because they don’t research banks before opening a new account.

If you’re looking for a new bank or need another checking account, take a look at this list of checking account bonuses. These promotions were selected based on two criteria — the amount of the bonus and the requirements to earn it.

Checking Account Promotions at a Glance

The best checking account promotions for July 2021 include offers from national and community banks. Here’s a quick look.

Account Cash Value of Bonus Expiration Date
Capital One 360 Checking $150 Aug. 18, 2021
Chase Total Checking $225 July 14, 2021
OneWest Bank Checking Up to $300 Dec. 31, 2021
TD Bank Beyond Checking $300 N/A
Wintrust Total Access Checking $300 Dec. 31, 2021
Citi Priority Checking Up To $1,500 Bonus Oct. 4, 2021

Current Checking Account Promotions

Right now, you can earn up to $1,500 in free money when you open select checking accounts. The largest checking account offers do have higher minimum balance and deposit requirements. But you’ll also find modest bonuses with less restrictive criteria.

More From Your Money

Capital One 360 Checking: $150 Bonus

Not many checking accounts earn interest these days, but Capital One’s 360 Checking features 0.10% APY on balances up to $100,000. Plus, it now comes with early direct deposit, meaning your paycheck may show up in your account as much as two days earlier.

  • Cash value: $150
    Minimum deposit to qualify: $500
  • Expiration date: Aug. 18, 2021
  • How to get it: Open a new Capital One 360 checking account with the promo code BONUS150. Then, receive two direct deposits of at least $250 each within 75 days of opening the account. 
  • When you’ll get it: If you open your account in July, you’ll receive the bonus by Dec. 31, 2021.
  • Terms and conditions: You can’t have held a Capital One 360 Checking account since 2018 to be eligible and your account must be open and in good standing to receive the bonus.
  • Monthly fee: None
  • Promotion page: Capital One 360 Checking offer

Chase Total Checking Offer: $225 Bonus

Chase Total Checking is the bank’s most popular checking account, with access to over 4,700 branches and 16,000 ATMs. The monthly fee of $12 can be avoided multiple ways, including by receiving direct deposits of $500 or more each month or maintaining an average beginning daily balance of $1,500 or more.

  • Cash value: $225
  • Minimum deposit to qualify: N/A
  • Expiration date: Oct. 18, 2021
  • How to get it: Open a new Chase Total Checking account through the offer page and receive a direct deposit of your paycheck, pension or government benefits within 90 days of opening. 
  • When you’ll get it: Within 15 days of receiving a qualifying direct deposit
  • Terms and conditions: You can’t have an existing Chase checking account, have closed one within the last 90 days or with a negative balance in the last three years. Closing your account within six months will lead to Chase recouping the bonus.
  • Monthly fees: The Chase Total Checking account comes with a $12 monthly fee, which can be waived by receiving at least $500 in electronic deposits in a month, having a balance of $1,500 at the beginning of each day or a combined balance of $5,000 across eligible Chase accounts on a daily basis.
  • Promotion page: $225 Chase Total Checking offer

More From Your Money

OneWest Bank Checking Offer: Up To $300 Bonus

Banking customers in California can consider OneWest Bank. A division of CIT Bank, two of OneWest’s personal checking accounts earn interest and all come with 24-hour access to online banking, unlimited check writing and a complimentary debit card.

  • Cash value: Up to $300
  • Minimum deposit to qualify: $500-$10,000
  • Expiration date: Dec. 31, 2021
  • How to get it:
    • Open a new OneWest Bank checking account in-branch with the requisite opening deposit:
      • $500 for Personal Checking Account, with a bonus of $150;
      • $2,000 for Premium Checking Account, with a bonus of $200
      • $10,000 for OneAccount Checking Account, with a $300 bonus, and maintain the deposit amount as your average balance for 90 days.
    • Additionally, complete three of any of the following qualifying activities:
      1. Set up and receive direct deposits of at least $650 per month for two months.
      2. Register for e-statements within 15 days of opening.
      3. Make eight or more debit purchases of at least $10.
      4. Deposit or withdraw money from a OneWest ATM six or more times.
      5. Complete two or more online bill payments.
      6. Make two or more mobile deposits of at least $100.
  • When you’ll get it: Within 60 days of meeting the requirements
  • Terms and conditions: The account must be funded with new-to-the-bank money and any customer who received a bonus from the bank in the past 12 months is ineligible. 
  • Monthly fees: $5 for Personal Checking, waived by maintaining an average monthly balance of $1,000, enrolling in e-statements or if the account holder is 55 or older or under 18; $10 for Premium Checking, waived with an average monthly balance of $1,000; and $25 for OneAccount Checking, waived if you maintain an average monthly balance of $10,000.
  • Promotion page: OneWest Bank $300 checking offer

TD Bank Beyond Checking: $300 Bonus

TD Bank provides online checking and high-yield savings accounts. New customers can earn a $300 checking account bonus when they meet the direct deposit requirement. Here’s how:

  • Cash value: $300
  • Expiration date: N/A
  • How to get it: Open an account online, and receive at least $2,500 in direct deposits during the first 60 days.
  • When you’ll get it: Within 140 days of opening the account and meeting the terms
  • Terms and conditions: This offer is available to new customers who have not had a checking account within the past 12 months.
  • Monthly fees: $25, but can be waived by keeping a $2,500 minimum daily balance, receiving at least $5,000 per month in direct deposits or maintaining a combined balance of $25,000
  • Promotion page: TD Beyond Checking bonus offer

Wintrust Total Access Checking: $300 Bonus

Wintrust serves customers in and around Chicago, southern Wisconsin and northwest Indiana. The bank’s most popular checking account comes with perks like no ATM fees and no minimum balance requirements. You can earn $300 when you open this checking account online. Here’s how to qualify:

  • Cash value: $300
  • Expiration date: Dec. 31, 2021
  • How to get it: Open a checking account online. Enroll in online banking, and activate e-statements via the bank’s website. Receive at least $500 per month in direct deposits for two consecutive months after the month the account was opened.
  • When you’ll get it: Within 30 days after the qualification period
  • Terms and conditions: The offer is available for new accounts opened between Jan. 1 and Dec. 31.
  • Monthly fees: N/A
  • Promotion page: Wintrust Total Access Checking bonus offer

Citi Priority Checking Account: Up To $1,500 Bonus

Citi Priority customers enjoy exclusive access to perks like special rates, discounts and preferred pricing on bank products. New customers can also earn a lucrative bonus when they meet minimum balance requirements. Here’s more:

  • Cash value: up to $1,500
  • Minimum deposit to qualify: $15,000
  • Expiration date: Oct. 4, 2021
  • How to get it: After opening a new checking account in the Priority Account Package and enrolling directly from the offer page, deposit the qualifying amount within 20 days of opening the account. Your bonus amount will be determined based on the balance in your account on the 20th day. Tip: If you open a Citi Savings Account at the same time as the checking account, the balance in your new savings account will count toward the bonus requirements. The bonus tiers are as follows: 
    • $15,000-$49,999: $300 bonus
    • $50,000-$199,999: $700 bonus
    • $200,000 or more: $1,500 bonus

After making the qualifying deposit within the first 20 days, maintain that minimum balance for a consecutive 60 days after the 21st day to receive the cash bonus. Refer to the offer for full terms and conditions.

  • When you’ll get it: Within 90 days of completing the required activities.
  • Terms and conditions: You must not have held a Citi checking account in the past six months, be at least 18 years of age and meet the balance requirements described above. 
  • Monthly fee: $30 for the Citi Priority Account Package, or $0 if you maintain an average monthly balance of at least $50,000 across your accounts
  • Promotion page: Citi Priority checking account bonus offer

Cynthia BowmanCynthia Measom and Barb Nefer contributed to the reporting for this article.

This article has been updated with additional reporting since its original publication.

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.

Information on promotions is accurate as of June 29, 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.

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.

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.

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