8 Best Checking Account Bonuses
If you’re in the market for a new checking account, one feature to consider is whether the bank is offering bonuses for new accounts. You can score some quick cash when you open the account and meet the requirements to earn the bonus.
8 Best Checking Account Bonuses
The following banks are currently giving bonuses for customers opening new checking accounts:
- Associated Bank: Up to $600 bonus
- Chase: $200 bonus
- Fifth Third Bank: $150 bonus
- Huntington Bank: Up to $600 bonus
- PNC Bank: Up to $400 bonus
- Regions Bank: $300 bonus
- SoFi: Up to $250 bonus
- TD Bank: Up to $300 bonus
Associated Bank Checking Account: Up To $600 Bonus
Associated Bank is the largest bank in Wisconsin, and its physical presence stretches into Illinois and Minnesota. Through Dec. 31, the bank is offering new customers a bonus worth up to $600.
- Bonus: Up to $600
- Expiration date: Dec. 31, 2023
- Promotion page: Associated Bank checking account bonus
- How to get it: To earn the bonus, open any new checking account with the bank and set up a direct deposit of $500 or more within 90 days of opening the account. The bonus you earn depends on your account’s average daily balance. A balance between $1,000 and $4,999 earns $300, and a balance between $5,000 and $9,999 earns $400. To get the top bonus of $600, you need an average daily balance of $10,000 or more.
Chase Total Checking: $200 Bonus
Chase is one of the largest banks in the United States, with more than 4,700 physical branches across the country. New Chase checking customers can earn a bonus worth $200 when they open a Chase Total Checking account before Oct. 18 and meet certain requirements.
- Bonus: $200
- Expiration date: Oct. 18, 2023
- Promotion page: Chase checking account bonus
- How to get it: You’ll need to open the account online with a coupon code or provide your email address to receive a coupon code to bring to a local branch. Then you’ll need to receive a direct deposit of at least $500 within 90 days of opening the account. The direct deposit can come from your employer’s payroll, government benefits or third-party services. Chase pays the bonus within 15 days.
Fifth Third Bank Momentum Checking or Preferred Checking: $150 Bonus
Cincinnati-based Fifth Third Bank has a presence in 11 states in the Midwest and Southeast. The bank is offering a $150 bonus for customers who open a new Fifth Third Momentum Checking or Preferred checking account by Sept. 30 and meet the bonus criteria.
- Bonus: $150
- Expiration date: Sept. 30, 2023
- Promotion page: Fifth Third Bank checking account bonus
- How to get it: You’ll need an offer code, so open the account online or request to have a code sent to your email if you prefer opening the account in person. Then have direct deposits worth at least $500 deposited into the account within 90 days. The bank will apply the bonus within 10 business days after you meet all the requirements.
Huntington Bank Perks Checking or Platinum Perks Checking: Up To $600 Bonus
Headquartered in Columbus, Ohio, Huntington Bank has physical locations in 11 states. Customers who open a new Perks Checking or Platinum Perks Checking account can score a bonus of up to $600 when they meet requirements.
- Bonus: Up to $600
- Expiration date: Oct. 7, 2023
- Promotion page: Huntington Bank checking account bonus
- How to get it: To earn the bonus, you need to open the new account by Oct. 7 using the bonus code that is provided when you apply online or that you receive through your email. If you open a Perks Checking account, you have to set up and receive a qualifying direct deposit within 90 days and keep the account open for 90 days. The $400 bonus will be deposited within 14 days after you complete all of the requirements. For a Platinum Perks Checking account, you need to deposit a total of $25,000 within 90 days and keep the account open for 90 days to receive the $600 bonus.
PNC Bank Virtual Wallet®: Up To $400 Bonus
PNC Bank has a presence in 28 states plus Washington, D.C. It’s currently offering a bonus worth up to $400 for new customers who take advantage of the bank’s Virtual Wallet product.
- Bonus: Up to $400
- Expiration date: Aug. 31, 2023
- Promotion page: PNC Bank checking account bonus
- How to get it: You need to open the Virtual Wallet through the bank’s online application before the promo period ends on Aug. 31. Then set up and receive your paycheck, pension payment or Social Security via direct deposit in the account within 60 days. You can earn a bonus of $100 for a direct deposit of $500. A direct deposit of $2,000 qualifies for a $200 bonus, and a direct deposit of $5,000 scores a $400 bonus.
Regions Bank LifeGreen Checking: $300 Bonus
With headquarters in Alabama, Regions Bank serves customers in the Midwest, South and Texas. If you open a LifeGreen Checking account by Sept. 30 and meet certain requirements, you can qualify for a $300 bonus.
- Bonus: $300
- Expiration date: Sept. 30, 2023
- Promotion page: Regions Bank checking account bonus
- How to get it: You’ll need a promo code, which you can get through the bank’s website or a personalized email voucher. After opening the account, enroll in the bank’s online banking service and receive at least $1,000 through direct deposits within 90 days. The bank will credit your account within 60 days after you fulfill the requirements.
SoFi Checking and Savings: Up To $250 Bonus
Originally founded as a lending platform, SoFi introduced the SoFi Checking and Savings account in 2022. It’s currently offering new customers a bonus worth up to $250.
- Bonus: Up to $250
- Expiration date: Dec. 31, 2023
- Promotion page: SoFi checking account bonus
- How to get it: To score the cash, you have to open an account and set up a direct deposit from your employer or benefits provider. After the direct deposit appears in your account, you earn a bonus based on the amount. You’ll receive a $50 bonus for a deposit between $1,000 and $4,999.99. To receive $250, you have to deposit at least $5,000.
TD Beyond Checking or TD Convenience Checking: Up To $300 Bonus
Although TD Bank has been around since 1955, it didn’t enter the US market until 2005. Today, the bank has more than 1,100 branches along the East Coast. New customers can get a bonus worth up to $300 when they open a TD Beyond Checking account before Aug. 31.
- Bonus: Up to $300
- Expiration date: Aug. 31, 2023
- Promotion page: TD Bank checking account bonus
- How to get it: To qualify for the bonus, open a new TD Beyond Checking account and receive at least $2,500 in qualifying direct deposits within 60 days. You’ll receive the $300 within 180 days. Alternatively, you can open a TD Convenience Checking account and receive at least $500 in qualifying direct deposits within 60 days to earn a $200 bonus.
Is It Worth It To Open a Checking Account for the Bonus?
If you can use the cash and can meet the requirements, opening a bank account for the bonus may make sense. Some people prefer having two or more checking accounts to help with budgeting. However, before opening the account, make sure you’ll be able to meet the criteria to earn the bonus and avoid costly maintenance fees. If you plan to maintain more than one checking account, note the minimum balances you need to have in each account. Your bank may choose to close your account if you’re not using it.
FAQ
- Do banks give out bonuses?
- Yes, banks do give out bonuses to attract new customers. These bonuses typically range from around $50 to $2,000, and you'll have set up a direct deposit or maintain a minimum balance in the account to qualify. You'll also find that the top bonuses tend to be reserved for customers with the highest balances.
- What banks give you a bonus for opening an account?
- The following banks are currently giving bonuses for customers opening new checking accounts:
- — Associated Bank
- — Chase
- — Fifth Third Bank
- — Huntington Bank
- — PNC Bank
- — Regions Bank
- — SoFi
- — TD Bank
- Note that the number of banks offering bonuses changes throughout the year, and banks may choose to end bonus offers before the advertised promotional period ends.
- Is Wells Fargo giving away $1,000?
- No, Wells Fargo is not giving away $1,000, but it is offering a $300 bonus for customers who open a new Everyday Checking account. To qualify, you have to open the account before Sept. 26 and receive at least $1,000 in qualifying deposits within 90 days.
Information on promotions is accurate as of July 31, 2023. Additional requirements may apply. Offers and terms are subject to change.
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