Newest Checking Account Bonuses and Promotions: October 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 September 2021 include offers from national and regional banks. Here’s a quick look.

Account Cash Value of Bonus Expiration Date
Chase Total Checking $225 Oct. 18
TD Bank Beyond Checking $300 N/A
PNC Virtual Wallet Up to $300 Sept. 30
Citi Checking Up to $1,500 Jan 4.

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

Chase Total Checking: $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 in 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
  • 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: Chase Total 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

PNC Virtual Wallet: Up To $300 Bonus

PNC’s Virtual Wallet comes with a checking account called Spend. Its suite of tools offers a way to keep close tabs on your money with a host of digital features, including calendar alerts and Low Cash Mode, which can help you avoid overdraft fees. Plus, you can set savings rules and goals if you choose to add a savings account, called Growth, when opening a Virtual Wallet.

More From Your Money
  • Cash value: Up to $300
  • Minimum deposit to qualify: $500 to 5,000
  • Expiration date: Oct. 31
  • How to get it: Open a new Virtual Wallet, Virtual Wallet with Performance Spend or Virtual Wallet with Performance Select through the offer page. You can open either just a Spend checking account or add additional accounts called Reserve and Growth at the same time. Reserve is a checking account meant for setting money aside for planned or unexpected expenses, while Growth is an interest-earning savings account. Once you have your new Virtual Wallet, you’ll need to make the qualifying direct deposits within 60 days of opening. The bonus terms are as follows:
    • Virtual Wallet: Total qualifying direct deposits of at least $500 to the Spend account nets a $50 bonus
    • Virtual Wallet with Performance Spend: Direct deposits of $2,000 or more made to the Spend account earns $200
    • Virtual Wallet with Performance Select: You must receive direct deposits of at least $5,000 during the qualifying period to get the full $300 bonus
  • When you’ll get it: Within 60-90 days of meeting the requirements
  • Terms and conditions: Those who currently are a signer on a PNC checking account or have been in the past 90 days are ineligible for this offer, as are those who have received a PNC bonus in the past 24 months. Certain transactions such as credit card advances, wire transfers or deposits made at a branch or ATM do not count as a direct deposit.
  • Monthly fees: The monthly fees for the accounts are as follows:
    • Virtual Wallet: $7, waived if you receive a direct deposit of $500 or more, have at least $500 in your combined Spend and Reserve accounts or are 62 or older
    • Virtual Wallet with Performance Spend: $15, waived if you receive a direct deposit of $2,000 or more, have at least $2,000 in your combined Spend and Reserve accounts or $10,000 across all your PNC deposit accounts
    • Virtual Wallet with Performance Select: $25, waived if you receive a direct deposit of $5,000 or more, have at least $5,000 in your combined Spend and Reserve accounts or $25,000 across all your PNC consumer and/or investment accounts
  • Promotion page: PNC Virtual Wallet offer

    Citi Checking Account: Up To $1,500 Bonus

    New checking customers can 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: Jan 4.
    • How to get it:
      • After opening a new checking account in an eligible package and enrolling in the offer directly from the offer page or with a Citi representative (either by phone or in-branch), 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 new Citi Savings Account in the same package as the checking account, the balance in your 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 with new-to-Citibank funds. Your account must be open and in good standing to receive the bonus.
    • Monthly fee: The monthly fees will vary depending on which account package you choose, but here are some examples of checking account fees and ways to avoid them:
      • Basic Banking Package: $12, waived if you maintain a combined monthly balance of $1,500 across eligible accounts or make one qualifying direct deposit and one qualifying bill payment per statement, or if you are 62 or older
      • Citibank Account Package: $25, or $0 if you maintain a minimum average balance of $50,000 across eligible deposit, investment and retirement accounts
      • Citi Priority Account Package: $30, or $0 if you maintain a minimum average balance of $50,000 across eligible deposit, investment and retirement accounts
      • Citigold Account Package: No monthly fee, but requires a combined average monthly balance of at least $200,000 in eligible linked deposit, retirement and investment accounts
    • Promotion page: Citi checking account bonus offer

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

        Information on promotions is accurate as of Oct. 4, 2021. Additional requirements may apply. Offers and terms are subject to change.

        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 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.

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