Top Bank Account Promotions for January 2022 – Avoid Fees and Earn Up to $1,500

Updated on January 18, 2022

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There are plenty of ways to make hundreds of dollars just by opening a new banking account, the issue is finding the right offers in the tangle of information available online.

Fortunately, GOBankingRates is here to help. Our experts analyzed more than 4,300 data points across more than 120 banks. We did the research so that your hard work can pay off with the best banking rates or bonuses.

Read on to see the top bank account promotions the experts found for this month. You’ll see how to earn the bonus and any requirements you need to know.

Monifi’s Banking Offer – $250 with Direct Deposits

Monifi is offering a $250 bonus when you set up payroll direct deposit and receive two direct deposits of at least $1,000 each into your Monifi Spend Balance.

How to do it:

  • Set up payroll direct deposit to your Monifi Spend Balance by Feb. 28, 2022.
  • Make two payroll direct deposits of at least $1,000 each into your Monifi Spend Balance within 90 days of opening your Monifi Relationship. The payroll direct deposits must be an electronic deposit of the account owner’s paycheck, pension or government benefits, such as Social Security.
  • Promotion Link: Earn $250 with Monifi

Who can do it:

  • There is a limit of one incentive per customer.
  • Your Monifi Relationship must be open and in good standing.

You’ll get your bonus as a credit to your Monifi Spend Balance within 45 days of meeting the promotion requirements.

Earn $250 with Monifi


Bank of America Advantage Banking: $100 Bonus

Bank of America is currently offering a $100 bonus when you open an Advantage Banking account. This offer is available online only for new checking customers and you must meet certain requirements.

How to do it:

  • Open a new Bank of America Advantage Banking account by June 30, 2022. Enroll in the offer through the Bank of America promotional page by opening a new checking account.
  • Set up and receive qualifying direct deposits of $1,000 or more into that account within 90 days. See the offer page for more details.
  • Promotion Link: $100 Checking Offer

Who can do it:

  • New Bank of America customers and those who have not had a Bank of America personal checking account within the last 12 months.

Once you complete the qualifying activities, Bank of America will attempt to pay the bonus within 60 days. Monthly fees will vary depending on which account package you choose, but they can be waived if you meet minimum account requirements.

Bank of America, N.A. Member FDIC.

Bank of America $100 Checking Offer


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

New customers who open an eligible Citi Priority Account can claim a bonus of up to $1,500 if they are able to meet and maintain the deposit minimum.

How to do it:

  • Open a new eligible Citi Priority Account by Jul. 17, 2022. Enroll 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.
  • Maintain the minimum balance for 60 consecutive days after the 21st day. Refer to the offer for full terms and conditions.
  • Promotion Link: Citi Priority Account

Who can do it:

  • New customers who open a new checking account in an eligible account package. Eligible account packages include the Citigold® Account Package, Citi Priority Package, Citibank® Account Package or Basic Banking Package (regular checking only).
  • Customers must not have held a Citi checking account in the past six months and must be at least 18 years of age.
  • Your account must be open and in good standing.

Bonus tiers:

  • $300 bonus: Minimum deposit and minimum balance from $15,000-$49,999
  • $700 bonus: Minimum deposit and minimum balance from $50,000-$199,999
  • $1,500 bonus: Minimum deposit and minimum balance from $200,000 or more

Once you complete the qualifying activities, you’ll get the bonus in your account within 90 days. Monthly fees will vary depending on which account package you choose, but they can be waived if you meet minimum account requirements. You must maintain a balance of $50,000 or more in eligible deposit, retirement and investment accounts to maintain eligibility.

Open a Citi Priority Account


PNC Virtual Wallet®: Up To $400 Bonus

You can earn a bonus of up to $400 when you open a new PNC Virtual Wallet®. When you open a PNC Virtual Wallet, your checking account is called Spend. The Virtual Wallet® comes with a suite of tools and features that let you track your spending and how it stacks up to your budgeting goals. It will alert you when you’re in danger of overdrawing your account and also lets you set custom alerts for certain activities.

How to do it:

  • Open a new Virtual Wallet, Virtual Wallet with Performance Spend or Virtual Wallet with Performance Select through the offer page by Feb. 28, 2022. You can open 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 PNC Virtual Wallet, you’ll need to make the qualifying direct deposits within 60 days of opening. Certain transactions, such as credit card advances, wire transfers, or deposits made at a branch or ATM, do not count as a direct deposit.
  • Promotion Link: Open an account

Who can do it:

  • Those who are not currently a signer on a PNC checking account (or have been in the past 90 days) or who have received a PNC bonus in the past 24 months.
  • This PNC Virtual Wallet offer is available to customers who live in CA, TX, AZ, NM, CO, PA, FL, OH, WV, DE, NJ, SC, NC, GA, KY, IN, MI, IL, MD, DC, WV, and WI.

Bonus tiers:

  • $50 bonus: Open a new PNC Virtual Wallet and establish qualifying direct deposits of at least $500 to the Spend account.
  • $200 bonus: Open a new PNC Virtual Wallet with Performance Spend and establish qualifying direct deposits of $2,000 or more to the Spend account.
  • $400 bonus: Open a new PNC Virtual Wallet with Performance Select and establish qualifying direct deposits of at least $5,000 during the qualifying period to the Spend account.

You’ll get your bonus within 60-90 days of meeting the requirements. Monthly fees will vary depending on which account package you choose, but they can be waived if you meet minimum account requirements.

PNC Virtual Wallet® – See Details


PNC Virtual Wallet® Checking Pro: $200 Bonus

You can earn a bonus of $200 bonus when you open a new PNC Virtual Wallet® Checking Pro. When you open a PNC Virtual Wallet Checking Pro, your checking account is called Spend. The Virtual Wallet comes with a suite of tools and features that let you track your spending and how it stacks up to your budgeting goals. It will alert you when you’re in danger of overdrawing your account and also lets you set custom alerts for certain activities.

How to do it:

  • Open a new Virtual Wallet Checking Pro through the offer page by Feb. 28, 2022. 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 PNC Virtual Wallet Checking Pro, you’ll need to make the qualifying direct deposits within 60 days of opening. Certain transactions, such as credit card advances, wire transfers, or deposits made at a branch or ATM, do not count as a direct deposit.
  • Promotion Link: Open an account

Who can do it:

  • Those who are not currently a signer on a PNC checking account (or have been in the past 90 days) or who have received a PNC bonus in the past 24 months.
  • The PNC Virtual Wallet Checking Pro is available to customers who live in AR, CT, ID, IA, KS, LA, ME, MA, MN, MS, MT, NE, NV, NH, ND, OK, OR, RI, TN, UT, VT, WA, and WY.

You’ll get your bonus within 60-90 days of meeting the requirements. Monthly fees will vary depending on which account package you choose, but they can be waived if you meet minimum account requirements.

PNC Virtual Wallet Checking Pro – See Details


Citigold® Checking Account: Up To $1,500 Cash Bonus

New customers who open an eligible Citigold® Checking Account can claim a bonus of up to $1,500 if they are able to meet and maintain the deposit minimum.

How to do it:

  • Open a new eligible Citigold® Checking Account by July. 17, 2022. Enroll 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.
  • Maintain the minimum balance for 60 consecutive days after the 21st day. Refer to the offer for full terms and conditions.
  • Promotion Link: Citigold® Checking Account

Who can do it:

  • New customers who open a new checking account in an eligible account package. Eligible account packages include the Citigold® Account Package, Citi Priority Package, Citibank® Account Package or Basic Banking Package (regular checking only).
  • Customers must not have held a Citi checking account in the past six months and must be at least 18 years of age.
  • Your account must be open and in good standing.

Bonus tiers:

  • $300 bonus: Minimum deposit and minimum balance from $15,000-$49,999
  • $700 bonus: Minimum deposit and minimum balance from $50,000-$199,999
  • $1,500 bonus: Minimum deposit and minimum balance from $200,000 or more

Once you complete the qualifying activities, you’ll get the bonus in your account within 90 days. Monthly fees will vary depending on which account package you choose, but they can be waived if you meet minimum account requirements. You must maintain a balance of $200,000 or more in eligible deposit, retirement and investment accounts to maintain eligibility.

Open a Citigold® Checking Account


Chime Spending Account: Get Paid Up to 2 Days Early With Direct Deposit

Customers who sign up for a Chime Spending Account are eligible for a number of bonuses. You can get paid up to 2 days early with direct deposit, there are no monthly fees, and there’s fee-free overdraft up to $200 with Chime SpotMe®.

How to do it:

  • Set up a Chime Spending Account and receive direct deposits. Chime SpotMe® requires a single deposit of at least $200 in qualifying direct deposits to the Chime Spending Account each month.
  • Promotion Link: Chime Spending Account

Who can do it:

  • All customers with a Chime Spending Account can participate. Eligibility requirements and overdraft limits apply. Early access to direct deposit funds depends on payer.

Get Paid up to 2 Days Early with Direct Depositˆ



Information on promotions is accurate as of Jan. 5, 2022. Additional requirements may apply. Offers and terms are subject to change.

Editorial Note: This content is not provided by the bank advertiser. Opinions expressed here are the author’s alone, not those of the bank advertiser. Rates are subject to change; unless otherwise noted, rates are updated periodically.

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

^Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. Chime generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.

1Chime is a financial technology company not a bank. Banking services provided by The Bancorp Bank or Stride Bank, N.A., Members FDIC

2Chime SpotMe is an optional, no fee service that requires $500 in qualifying direct deposits to the Chime Spending Account each month. All qualifying members will be allowed to overdraw their account up to $20 on debit card purchases initially, but may be later eligible for a higher limit of up to $100 or more based on member’s Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. Your limit will be displayed to you within the Chime mobile app. You will receive notice of any changes to your limit. Your limit may change at any time, at Chime’s discretion. SpotMe won’t cover non-debit card purchases, including ATM withdrawals, ACH transfers, Pay Friends transfers, or Chime Checkbook transactions.

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