Newest Checking Account Bonuses and Promotions: July 2020

Use the best checking account offers to earn free money.

Banking is a highly competitive industry, which is why many banks offer promotions as a way of winning customers and staying a step ahead of the pack. One way they attract customers is through sign-up bonuses that provide free money for opening accounts and meeting certain criteria.

Oddly, more than half of the respondents in a GOBankingRates survey said they weren’t familiar with promotions their banks offer. Rather than miss out on free cash, take the time to check out promotional offers when considering a new bank account. Even if you already have a checking account, it still might be worthwhile to open another one at a bank that offers bonus funds.

To make things easier for you, GOBankingRates has identified the best new checking account promotions and bonuses for July 2020. Keep reading to learn more:

Checking Account Promotions, Bonuses and Offers at a Glance

Here’s an overview of the most recent checking account offers:

Best Checking Account Promotions: July 2020
AccountCash Value of BonusExpiration Date
Chase Total Checking Account Promotion $200July 20
Stanford Federal Credit Union New Member Promotion  Up to $300None
Wintrust Total Access Checking Promotion$300Dec. 31
TD Bank Beyond Checking Promotion $300None
Dollar Bank Everything Checking Account Promotion Up to $400July 31
Flushing Bank Complete Checking Account Promotion  Up to $700None

Compare: Best Checking Accounts of 2020

More from Your Money
Sponsors of

Back to top

Illustration of money bag
Current Checking Account Promotions

You can earn between $200 and $700 in checking account bonuses simply for opening a checking account at one of the banks listed above. It’s easy to earn the bonus cash if you know the requirements. Here’s an in-depth look at the current checking account offers:

Chase
Chase Total Checking Account Promotion: $200 Bonus

Earning a new checking account bonus is easy with Chase. You can get $200 by opening a new Chase Total Checking account and setting up direct deposit. The monthly service fee is waived if you do one of the following: Maintain a balance of $1,500 or more, keep an average daily balance of $5,000 or more in combined qualifying accounts, or have direct deposits totaling $500 or more made into the account. The first direct deposit must be made into the account within 90 days and come from a paycheck, pension check or government benefit.

To receive the bonus, you’ll have to either open an account online or enter your email address to get a coupon that you must bring to a Chase branch by July 20. Here’s more:

  • Cash value: $200
  • Minimum deposit to qualify: $500
  • Expiration date: July 20
  • How to get it: Open a Chase Total Checking account online from the promotion page or bring the coupon to a branch to open your account. Next, receive a direct deposit totaling at least $500 within the first 90 days, maintain a $1,500 balance or maintain a $5,000 combined balance.
  • When you’ll get it: Within 10 days of meeting the requirements
  • Terms and conditions: The direct deposit must be from an employer or the government, and customers are eligible for the bonus once every two years.
  • Monthly fees: $12, but waived if you meet the minimum balance or direct deposit requirements
  • Promotion page: Chase Total Checking account cash bonus

Read On: Best Chase Bank Promotions and Offers

Stanford Federal Credit Union logo
Stanford Federal Credit Union New Member Promotion: Up to $300 Bonus 

If you live in California’s Stanford/Palo Alto area or work for Google, Facebook, Verizon Media or Stanford University, you can join the Stanford Federal Credit Union. The SFCU is a full-service credit union with about 73,000 members. To earn up to $300 in bonus money, you’ll need to use SFCU coupon code NEWMB. Here are the details: 

  • Cash value: Up to $300
  • Minimum deposit to qualify: $5
  • Expiration date: None
  • How to get it: Become a SFCU member, open a checking account and receive at least $500 per month in direct deposits for a $100 bonus. Next, apply and get approved for a rewards credit card and spend at least $500 per month the first three months to earn another $100 bonus. Finally, make at least 20 debit card purchases per month for three months to get an additional $100 bonus.  
  • When you’ll get it: After meeting each requirement
  • Terms and conditions: For new members only
  • Monthly fees: None
  • Promotion page: SFCU New Member Promotion

Back to top

Wintrust logo
Wintrust Total Access Checking Promotion: $300 Bonus

Wintrust provides banking services to customers in Illinois and Wisconsin. You can earn $300 when you open a checking account online. Here’s how:

More from Your Money
Sponsors of
  • Cash value: $300
  • Minimum deposit to qualify: $100
  • Expiration date: Dec. 31
  • How to get it: Open a checking account online, enroll in online banking and receive at least $500 per month in direct deposits during the qualification period. 
  • When you’ll get it: Within 60 days after meeting the balance requirements
  • Terms and conditions: For new account holders only; no Wintrust coupon code required
  • Monthly fees: None
  • Promotion page: Wintrust Total Access Checking Promotion

Back to top

TD Bank
TD Bank Beyond Checking Promotion: $300 Bonus

TD Bank offers online-only checking and savings accounts. When you open a Beyond Checking account and meet certain direct deposit requirements, you can earn a $300 bonus. Here’s how:

  • Cash value: $300
  • Minimum deposit to qualify: None
  • Expiration date: None
  • How to get it: Open an account online and receive at least $2,500 in direct deposits in for the first 60 days.
  • When you’ll get it: Within 95 days of opening the account and meeting the terms
  • Terms and conditions: The offer is available to new customers only.
  • Monthly fees: $25, but can be waived by keeping a $2,500 daily balance minimum, receiving at least $5,000 per month in direct deposits or maintaining a combined balance of $25,000
  • Promotion page: TD Bank Beyond Checking account cash bonus

Back to top

Dollar Bank logo
Dollar Bank Everything Checking Account Promotion: Up to $400 Bonus 

Dollar Bank has branches in Ohio, Pennsylvania and Virginia. You can earn $400 when you open an Everything checking account and fulfill the qualifying requirements. Here are the details: 

  • Cash Value: $400
  • Minimum Deposit To Qualify: None
  • Expiration Date: July 31
  • How To Get It: Open an account online or in person and receive at least $1,000 in direct deposits the first 90 days to earn $100. Next, reach a total of $5,000 in direct deposits the first 90 days for another $200. You’ll get the final $100 after your one-year anniversary of opening the account.
  • When You’ll Get It: 40 days after each condition is met
  • Terms and Conditions: The offer is available to new customers only. No Dollar Bank coupon is required.
  • Monthly Fees: None
  • Promotion Page: Dollar Bank Everything Checking Account Promotion

Back to top

Flushing Bank logo
Flushing Bank Complete Checking Account Promotion: Up to $700 Bonus 

New York residents looking for a community bank might want to consider Flushing Bank, which offers a full lineup of business and personal accounts, credit cards and loans. You don’t need a Flushing Bank coupon to earn up to $700 when you sign up for the Customer Value Program. Here’s what you need to know: 

  • Cash value: Up to $700
  • Minimum deposit to qualify: $25
  • Expiration date: None
  • How to get it: Open a Complete checking account at a local branch and maintain the following three-month average balances to earn different bonuses:
    • $1,000 to $4,999: $210
    • $5,000 to $9,999: $250
    • $10,000 to $14,999: $300
    • $15,000 to $24,999: $350
    • $25,000 to $49,999: $450
    • $50,000 and up: $700
  • When you’ll get it: The month after the three-month anniversary is over
  • Terms and conditions: The bonus is forfeited if the account is closed in less than six months.
  • Monthly fees: None 
  • Promotion page: Flushing Bank Complete Checking Account Promotion

Back to top

More Bank Promotions

More from Your Money
Sponsors of

Barb Nefer contributed to the reporting for this article.

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.

Related Video