Bank account bonuses are a great way to earn some extra cash when you open a new account. Many banks offer bonuses to new customers, ranging from a few dollars to several hundred dollars. To qualify for a bonus, you typically need to meet certain requirements, such as opening a new account, making a minimum deposit, and/or setting up direct deposit.
List of the 20 Best Banks Offering Money to Open Accounts
- Wells Fargo Bank: $300 bonus for opening a Wells Fargo Everyday Checking account
- Bank of America: $200 bonus for opening a new Advantage Banking account and making a minimum deposit of $500 within 90 days of opening.
- TD Bank: $200 bonus for opening a new TD Signature Savings or TD Simple Savings account and depositing at least $10,000 from outside of TD Bank within 20 days of opening.
- U.S. Bank: Up to $1,000 bonus for opening a U.S. Bank Smartly Checking or U.S. Bank Premium Checking account
- HSBC: $150 bonus for opening a new HSBC Premier Checking account and maintaining a daily balance of at least $1,000 for 90 days.
- M&T Bank: $200 bonus for opening any personal checking account at M&T Bank and making a qualifying direct deposit of at least $500 within 90 days of opening.
- Citizens Bank: $400 bonus for opening a new Citizens Value Checking account and maintaining a daily balance of at least $1,500 for 90 days.
- Chase Bank: $3,000 bonus for opening a Chase Private Client Checking account
- PNC Bank: Up to $400 bonus for opening a PNC Performance Select Checking or PNC Performance Select Checking account
- Citibank: Up to $2,000 bonus for opening a Citi Priority Account or Citigold Checking Account
- Huntington National Bank: Up to $600 bonus for opening a Huntington Relationship Checking or Huntington Premier Checking account
- BMO Harris Bank: Up to $600 bonus for opening a BMO Harris Advantage Plus Checking or BMO Harris Premier Checking account
- Capital One Bank: $200 bonus for opening a Capital One 360 Checking account
- Truist Bank: $400 bonus for opening a Truist TruChoice Checking account
- USAA Bank: $100 bonus for opening a USAA Basic Checking account
- Discover Bank: $100 bonus for opening a Discover Cashback Debit account
- Ally Bank: $100 bonus for opening an Ally Interest Checking account
- Marcus by Goldman Sachs: $100 bonus for opening a Marcus High-Yield Savings account
- Chime Bank: $100 bonus for opening a Chime Checking account and setting up direct deposit
- Aspiration Bank: $100 bonus for opening an Aspiration Spend & Save account
How to Qualify for These Bonuses
To qualify for these bonuses, you will typically need to meet certain requirements, such as opening a new account, making a minimum deposit, and/or setting up direct deposit. Be sure to read the fine print carefully before opening an account to make sure you understand all of the terms and conditions.
In addition to the bonuses listed above, many banks also offer other perks for new customers, such as free ATM withdrawals, low or no monthly fees, and sign-up gifts. When choosing a new bank, it’s important to compare all of the features and benefits that different banks offer to find the one that’s right for you.
Tips for Choosing a New Bank
- Consider your banking needs. What features are most important to you, such as ATM access, mobile banking, and customer service?
- Compare fees. Some banks charge monthly fees, ATM fees, and other fees. Be sure to compare fees before opening an account.
- Read reviews. See what other customers have to say about different banks before making a decision.
Once you’ve chosen a new bank, be sure to take advantage of any bonuses or promotions that they offer. This is a great way to save money on your banking fees and earn some extra cash.
How to Claim a Bank Account Bonus
Once you’ve chosen a bank and opened a new account, you’ll need to follow the bank’s instructions to claim your bonus. This process may vary depending on the bank, but typically involves the following steps:
- Meet the requirements: Make sure you’ve met all of the requirements to qualify for the bonus, such as opening a new account, making a minimum deposit, and/or setting up direct deposit.
- Submit a claim form: Most banks require you to submit a claim form to claim your bonus. This form can usually be found on the bank’s website or in the branch.
- Provide documentation: You may need to provide documentation to support your claim, such as a copy of your deposit slip or proof of direct deposit.
- Wait for your bonus: Once you’ve submitted your claim form and provided any required documentation, it will typically take a few weeks or months to receive your bonus.
Tips for Maximizing Your Bank Account Bonus
Here are a few tips for maximizing your bank account bonus:
- Choose a bank with a high bonus: Compare bonuses from different banks to find the one that offers the most money.
- Meet the requirements quickly: The sooner you meet the requirements for the bonus, the sooner you’ll receive your money.
- Open a high-yield account: Some banks offer higher bonuses for opening high-yield accounts. These accounts typically have higher interest rates than traditional checking and savings accounts.
- Consider opening multiple accounts: Some banks offer bonuses for opening multiple accounts, such as a checking account and a savings account.
- Refer your friends: Some banks offer referral bonuses for referring your friends to open accounts.
Things to Consider Before Opening a New Bank Account for The Bonus
While a bank account bonus can be a great way to earn some extra cash, it’s important to consider all of the factors involved before opening a new account. Here are a few things to keep in mind:
- Fees: Some banks charge monthly fees, ATM fees, and other fees. Be sure to compare fees before opening an account to make sure you’re not paying more than you need to.
- Account requirements: Some bank accounts have minimum balance requirements or direct deposit requirements. Make sure you can meet these requirements before opening an account.
- Bank reputation: Do some research on the bank before you open an account. Read reviews from other customers to see what they have to say about the bank’s customer service, mobile app, and other features.
- Your banking needs: Think about your banking needs and choose an account that offers the features that are important to you. For example, if you need access to a lot of ATMs, you’ll want to choose a bank with a large ATM network.
Conclusion
Bank account bonuses can be a great way to earn some extra cash, but it’s important to do your research and choose the right bank and account for you. Be sure to compare fees, account requirements, and bank reputation before opening a new account.
Frequently Asked Questions (FAQ)
What bank gives you $100 to open an account?
Many banks offer $100 bonuses to open new accounts, including: Discover Bank, Ally Bank, Marcus by Goldman Sachs, Chime Bank and Aspiration Bank.
How do I get $400 from US bank?
To get a $400 bonus from US Bank, you can open a US Bank Smartly Checking or US Bank Premium Checking account and meet the following requirements:
- Open a new account online or in branch
- Make a minimum deposit of $250
- Maintain a daily balance of $250 or more for 90 days
- Set up and receive direct deposit within 60 days of opening your account
How do I get my $400 bonus from Wells Fargo?
To get a $400 bonus from Wells Fargo, you can open a Wells Fargo Everyday Checking account and meet the following requirements:
- Open a new account online or in branch
- Make a minimum deposit of $2,500
- Maintain a daily balance of $2,500 or more for 90 days
What bank gives you $200 to open an account?
Many banks offer $200 bonuses to open new accounts, including: Chase Bank, Citibank, Capital One Bank, Huntington National Bank and BMO Harris Bank.
Does Chase give you 300 for opening an account?
Yes, Chase Bank currently offers a $300 bonus for opening a Chase Private Client Checking account.
Does Chase give you money for opening an account?
Yes, Chase Bank offers bonuses for opening new accounts. The amount of the bonus varies depending on the account type and the requirements you meet.
