Similar to any other business, banks are always in need of new clients. In order to get them, banks are known to give huge incentives. One can get services which include loans, credit cards, or saving accounts by simply opening a checking account.
Currently, online banks are in stiff competition with old physical banks, which means they are susceptible to pass on savings to their clients. This is the greatest moment to take advantage of bank bonuses; many banks are giving 300$+ bonuses for simply creating an account with them.
Below are some of the finest bonuses at customers’ disposal today.
HSBC ($750):
Customers who have not owned an account with HSBC from Nov 2. 2017 can open an HSBC Premier Checking Account by accessing their website. To qualify for a bonus, one has to make a deposit of $100k or more and distribute across their HSBC savings and checking accounts inside 30 days after opening a premier checking account. Furthermore, for a period of 90 calendar days, they must maintain a minimum balance of $100k. Having accomplished this, they are eligible for a bonus of $750 two months succeeding the account opening.[1]
Citibank ($600):
With Citibank, one just needs to deposit $5k, $15k, or $50k to their new checking and savings accounts or just a checking account to earn bonuses of $200, $400, and $600, respectively. The balance should match the amount deposited for 30 or more days. For one to earn an additional bonus of $100, they need to receive at least a single deposit to their account within two months.[2]
Chase ($200):
Truth be told, only a few people have thousands of dollars lying around. For those without all those additional funds, Chase bank is a more suitable option. Customers opening an account with Chase who have as little as $25 in their Chase Total Checking Account are eligible for a $200 bonus. However, they must receive a direct deposit within 60 days of account opening, and the account must not be dormant for at least 6 months. One can access their bonus 10 days after qualifying.
How does this work?
Banks use their customers’ deposits to make an investment. Because of the stiff competition from online bankers, banks have no choice but to give more of their profits to their clients. Besides, the expenses involved in running a website are less than that of maintaining physical locations, and therefore, physical banks are inclined to provide greater incentives.
Not only huge banks give these incentives, but small banks also do. For this reason, one should find out whether a bank is giving an exceptional incentive that works well with their spending habits and requirements.
Pick up A Bonus Without Further Delays
Numerous banks provide their services online. The ones listed above are just but a few examples. All one needs to find a substantial bonus, and an awesome new account is just an internet connection away!
[1]https://www.us.hsbc.com/checking-accounts/campaigns/offer-2018
[2]https://www.nerdwallet.com/blog/banking/best-bank-bonuses-promotions/#citi
[3]https://www.nerdwallet.com/blog/banking/chase-signup-bonuses
