It’s no secret that banks like to offer incentives and sign-up bonuses for new accounts. We’ve searched high and low for these offers and bring you some of the best we’ve found. That’s why a lot of banks are offering sign-up bonuses of $300 or more just so you open an account with them.
Even better, online banking is widespread and it passes the savings of not having a physical location on to customers. After all, once you open a new account with a bank, you might use it to get a credit card, buy a car, start your savings, or use any number of services from the same bank.
The Best Bank Account Bonuses in 2019
1. Chase Total Checking – $200 Bonus
To qualify for the Chase Total Checking bonus, you have to start by opening a new account, leaving a $25 deposit and lastly, you’ll need to arrange a 60-day direct deposit. After that, and 10 business days, you’ll see a $200 bonus in your new account.
2. Chase Savings – $150 Bonus
Chase Bank provides an enticing $150 bonus without having you commit a large sum of money. After an in-person or an online sign-up, you need to deposit $10,000 in 20 business days to qualify. To avoid a $5 monthly fee for maintenance, always keep a balance of $300 and tie the account to a direct deposit with a regular schedule.
3. Citibank Checking and Savings Account Package – $500 Bonus
The bonus Citibank offers is among the largest we were able to find, and they don’t have a significant requirement when it comes to deposits. To get $400 for signing up to their checking and savings account package, you need a deposit within 30 days to the tune of $15,000. If the money stays in your account for a total of 60 days while you make a direct deposit for two consecutive months, you’ll receive an additional $100.
4. Discover Cashback Checking – Max $360 Bonus per Year
The bonus offered with a sign-up to Discover Cashback Checking is among the easiest to get. To be eligible, open your new account, make a deposit of any amount, and begin making daily purchases with the included debit card. This can net you a cash back bonus of 1% with a $3,000 monthly limit ($36,000 per annum) and this is automatically put back into your account without any hidden terms or a catch.
5. HSBC Premier Checking – $750 Bonus
The granddaddy of bonuses comes from HSBC with their Premier Checking account on the condition that you deposit $100,000 within the first 30 days. It doesn’t matter whether it’s a saving, checking, or investment account that the deposit ends up in.
6. Wells Fargo Everyday Checking – $400 Cash Bonus
Qualify for a $400 cash bonus by opening a new Wells Fargo Everyday Checking account online or in person before December 31, 2019. Make sure that the offer is available in your area by using the zip code finder on the promotions page. To qualify for the offer, the minimum required opening deposit is $25. and you will need to receive cumulative qualifying direct deposits that total $3,000 or more each month for three consecutive months within the first 150 days of opening the account. Meeting at least one of these requirements will enable you to receive a $400 cash bonus in your account within 45 days.
7. TD Bank Beyond Checking℠ – $300 Cash Bonus
Opening a new TD Bank Beyond Checking account online may qualify you for a $300 cash bonus when you receive direct deposits that total more than $2,500 within 60 days. You must apply for the offer online and be a U.S. resident of one of the following states: CT, DE, DC, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT, VA. With monthly direct deposits of $5,000 or more, a minimum daily balance of $2,500, or a total balance of $25,000 across all eligible TD accounts will allow you to waive the $25 monthly maintenance fee. The Beyond checking account typically includes a $25 monthly maintenance fee, but it’s waived with monthly direct deposits of $5,000 or more, a minimum daily balance of $2,500, or a combined balance of $25,000 across your eligible TD accounts.
8. TD Bank Convenience Checking℠ – $150 Cash Bonus
The TD Bank Convenience Checking account is a great alternative to the TD Bank Beyond Checking offer above, because it has a much lower minimum balance requirement. Apply online for a new TD Bank Convenience Checking account, and you will get a $150 cash bonus once you receive direct deposits of more than $500 within 60 days. The $15 monthly fee will be waived if you keep a daily balance of at least $100, or a student or young adult ages 17 through 23.
Advantages of Online Banking
Using online banking is incredibly convenient since you can do everything anywhere if you have a mobile device and an internet connection. And since there are no costs associated with physical bank branches, they can use that money for sign-up bonuses. There are incredible offers out there if you’re willing to do some research.
[1]https://www.moneycrashers.com/best-new-bank-account-promotions-offers
[2]https://www.valuepenguin.com/banking/average-bank-interest-rates
[3]https://www.magnifymoney.com/blog/earning-interest/best-online-savings-accounts275921001
[4]https://www.moneycrashers.com/best-new-bank-account-promotions-offers/
