Money Advice

24 Best New Bank Account Promotions & Offers

It’s doable to make $100s simply by opening up a brand new checking account. But sorting by the perfect affords might be difficult. There’s no scarcity of attractive alternatives for banking shoppers proper now.

We’re glad to do the give you the results you want. The Money Crashers group combs by tons of of checking account offers each month to search out you essentially the most profitable sign-up bonuses – some value as much as $1,000 or extra.

Don’t wish to miss out? Read on for our roundup of the perfect financial institution promotions for this month and the necessities you have to meet to qualify for every. Most can be found to new clients in all 50 states, however a couple of have geographical restrictions to keep in mind.


Top Bank Account Promotions for May 2021

These are the highest financial institution promotions energetic proper now. They embody a mixture of high-yield checking accounts and high-yield financial savings accounts.

Many can be found by fashionable brick-and-mortar and on-line banks that additionally supply aggressive yields on different sorts of deposit accounts, corresponding to money market accounts and certificates of deposit (CDs).

And in the event you’re within the market for a brand new dwelling mortgage or personal mortgage, opening a deposit account with certainly one of these banks might entitle you to particular privileges, like diminished closing prices and decrease rates of interest.


1. TD Bank Beyond Checking℠ – $300 Cash Bonus

Apply on-line for a brand new TD Bank Beyond Checking account, and also you’ll get a $300 money bonus when you obtain direct deposits of greater than $2,500 inside 60 days. To qualify for this supply, you should be a U.S. resident and apply for the supply on-line.

The Beyond checking account sometimes features a $25 month-to-month upkeep payment, however it’s waived with month-to-month direct deposits of $5,000 or extra, a minimal every day steadiness of $2,500, or a mixed steadiness of $25,000 throughout your eligible TD accounts.

This supply is accessible to residents of the next states: CT, DE, DC, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT, VA.

Apply Now


2. TD Bank Convenience Checking℠ – $150 Cash Bonus

As an alternative choice to the TD Bank Beyond Checking supply above, you may apply on-line for a brand new TD Bank Convenience CheckingSM account, which has a a lot decrease minimal steadiness requirement. You’ll get a $150 money bonus when you obtain direct deposits of greater than $500 inside 60 days.

To qualify for this supply, you should be a U.S. resident and apply for the supply on-line. The Convenience Checking account sometimes features a $15 month-to-month upkeep payment, however it’s waived in the event you preserve a low minimal every day steadiness of no less than $100.

Students and younger adults ages 17 by 23 qualify for added perks, corresponding to no month-to-month upkeep payment and no minimal steadiness necessities.

This supply is accessible to residents of the next states: CT, DE, DC, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT, VA.

Apply Now


3. HSBC Premier Checking – Up to $600 Cash Back

hsbcOpen a brand new HSBC Premier Checking account and arrange qualifying direct deposits to earn 3% money again on qualifying direct deposits through the first six months your account is open, as much as $600 whole money again ($100 most monthly).

To earn the bonus, open your new Premier Checking account by June 30, 2021, and arrange qualifying third-party direct deposits (no less than one per calendar month) to your HSBC Premier checking account(s) per calendar month.

You’ll earn 3% money again on every qualifying direct deposit, as much as $100 whole monthly and $600 whole through the first six months your account is open. After finishing the qualifying actions every month, you’ll obtain your money again for the month in your Premier Checking account inside eight weeks.

Moving ahead, keep away from the $50 month-to-month upkeep payment by making recurring direct deposits totaling no less than $5,000 monthly or sustaining a mixed minimal steadiness of $75,000 throughout all eligible personal and funding accounts.

Deposit merchandise are supplied within the U.S. by HSBC Bank USA, N.A., member FDIC.

Apply Now


4. HSBC Premier Checking – $450 Welcome Offer

hsbcHSBC has one other nice supply for brand spanking new Premier Checking clients.

Here’s the way it works. Get a $450 Welcome Deposit for eligible new clients who open a brand new HSBC Premier checking account and full the next qualifying actions.

  • Open your new HSBC Premier checking account on-line by June 30, 2021; and
  • Make recurring month-to-month Qualifying Direct Deposits totaling no less than $5,000 from a 3rd occasion to your HSBC Premier checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening.

You will robotically obtain the $450 Welcome Deposit in your new HSBC Premier checking account roughly eight weeks after finishing all qualifying actions. It’s that easy.

Deposit merchandise are supplied within the U.S. by HSBC Bank USA, N.A., member FDIC.

Apply Now


5. Citibank – $700 Cash Bonus

Citibank National Association Logofilepath (2)For a restricted time, earn a $700 checking and financial savings account bonus whenever you open a brand new checking and financial savings account with Citi Priority and full all required actions. Here’s how:

  • Open new eligible checking and financial savings accounts within the Citi Priority Account Package through the supply interval.
  • Deposit $50,000 or extra in funds new to Citibank between the checking and financial savings accounts inside 30 days of account opening.
  • Keep a minimal steadiness of $50,000 between the 2 accounts for 60 consecutive calendar days after that.

After finishing all qualifying actions, you’ll obtain the $700 bonus in your account inside 90 calendar days. You should apply from the supply web page linked under to earn this supply.


6. Aspiration – $100 Bonus

Aspiration LogoOpen a brand new Aspiration Spend & Save account and make no less than $1,000 in cumulative purchases together with your debit card through the first 60 days to earn a $100 money bonus.

Allow as much as 120 calendar days out of your account opening date for the credit score to put up to your Aspiration Spend & Save Account. Your account should be open and in good standing by the credit score date.

Apply Now


7. Chase Business Complete Checking – $300 Bonus

Small-business homeowners (together with sole proprietors) can make the most of a lovely supply on a well-liked business checking account: $300 for brand spanking new Chase Business Complete Checking clients who open an account on-line or in individual and full qualifying actions.

To qualify for this chance, merely open a brand new Chase Business Complete Checking account with qualifying actions. No minimal opening deposit is required. Moving ahead, get pleasure from a number of methods to waive the $15 month-to-month service payment.

Chase has ATMs and branches within the following states: AZ, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, KY, LA, MA, MI, NV, NJ, NY, OH, OK, OR, TX, UT, WA, WV, WI.

This supply is accessible on-line nationwide, apart from residents of AK, HI, and PR.

Apply Now


8. SoFi Money – Up to $100 Cash Bonus

SoFi ReviewOpen a brand new SoFi Money account and full qualifying actions to earn a money bonus value as much as $100. Here’s the way it works:

  • Open your new account and deposit $100 to earn $25.
  • Set up a direct deposit value no less than $500 to earn a further $75.

That’s all it’s a must to do to assert $100 in whole bonus money. Moving ahead, you’ll get pleasure from FDIC insurance coverage on balances as much as $1.5 million and an enviable lineup of perks unique to SoFi account holders.

Learn More


9. Bank of America Advantage Banking – $100 Bonus Offer

Bank of America Advantage BankingBofa New Logo 7 22 20 is an modern checking account with an awesome bonus supply for brand spanking new account holders.

See offer page for more details.

Bank of America Advantage Banking is a checking account with three settings: Advantage SafeBalance, Advantage Plus, and Advantage Relationship. Pick the one which works for you proper now, and in case your life adjustments, swap to a different setting that matches the brand new you. It’s that easy.

  • Easy, Anytime Access: Visit Bank of America at hundreds of monetary facilities and ATMs.
  • 24/7 Security: Total Security Protection® and fraud monitoring.  Safer sign-in, card locking options, and extra.
  • Convenient Ways to Pay: Use your debit card or a digital pockets.
  • Smart Money Management Tools: Set customized alerts and financial savings targets.  Get cash-back offers and rewards custom-made for you.
  • Unauthorized Transactions: Bank of America’s $0 Liability Guarantee implies that you’re not answerable for unauthorized transactions made utilizing your shopper debit card, so long as you report them promptly.
  • Debit Card Controls: Lock a lacking card rapidly and simply to stop unauthorized use.
  • Custom Alerts: Know now and react quick to essential account adjustments.  You can set customized alerts by way of e mail or textual content for issues like a low steadiness, a pending deposit, an upcoming invoice, and extra.

Apply Now

Bank of America, N.A. Member FDIC.


10. Axos Bank Basic Business Checking – $100 Welcome Offer

For a restricted time, chances are you’ll qualify for a $100 welcome bonus whenever you apply for and open a brand new Axos Bank Basic Business Checking account.

Here’s how one can qualify:

  • Apply to your new Axos Bank Basic Business Checking account by June 30, 2021, utilizing the promo code “EARN100”.
  • Deposit no less than $5,000 in new money into your account.
  • Maintain a mean every day steadiness of no less than $5,000 through the first three months.

After finishing the qualifying actions, you must obtain your bonus inside 5 business days of your third assertion cycle date. Your account should stay open for no less than 180 days to keep away from the $50 early closing payment.

Apply Now


11. Axos Bank High Yield Savings and Essential Checking — $100 Bonus

For a restricted time, Axos Bank can also be providing a $100 bonus alternative for brand spanking new shopper account holders who open a High Yield Savings account and Essential Checking account and full qualifying actions.

Here’s how the chance works:

The High Yield Savings account has a minimal opening deposit of $250 however no ongoing minimal steadiness requirement or month-to-month upkeep charges. The yield is a lovely 0.61% APY, topic to alter with prevailing charges.

Once you full the qualifying actions following the third assertion cycle finish date, you must obtain your bonus inside 5 business days. Keep your account open longer than 180 days to keep away from the $50 early closing payment.

Learn More


12. Brex Cash — 50,000 Bonus Points

Brex LogoBrex Cash has a improbable account opening supply for brand spanking new clients, one which’s tremendous straightforward to realize.

To earn 50,000 bonus factors, all it’s essential do is open a brand new Brex Cash account and spend $1,000 on purchases. That’s it.

Moving ahead, you’ll pay no account charges and gained’t be held to any minimal every day steadiness necessities. Plus, get pleasure from value-added perks value as a lot as $150,000 and a beneficiant ongoing rewards program.

Learn More


13. Acorns – $10 Bonus

Acorns LogoNew Acorns customers qualify for a straightforward $10 with an eligible new account. Here’s how the promotion works:

  • Sign up with Acorns and open a brand new funding account.
  • Make your first funding within the new account (minimal $5).

That’s all it’s essential do to obtain your $10 bonus. Upgrade to Acorns Personal ($3 monthly) to make the most of a slew of extra options, together with a tax-advantaged retirement account and a checking account that guarantees as much as 10% bonus investments on choose purchases.

Apply Now


14. Bask Bank – 1,000 Bonus AAdvantage® Miles

Bask Bank LogoBask Bank affords an awesome alternative for brand spanking new account holders to earn American Airlines AAdvantage® miles through the first year after opening a Bask Savings Account.

Here’s the way it works:

  • Deposit $5,000 in new money (funds not beforehand deposited with Bask Bank or its associates) into your new Bask Savings Account inside 30 days of opening.
  • Maintain a $5,000 minimal steadiness within the account for no less than 90 consecutive days throughout the first 120 days of account opening and also you’ll obtain 1,000 AAdvantage® miles.

Bask Bank awards bonus miles inside 10 business days of confirming you’ve met the bonus necessities. Allow as much as eight weeks for miles to put up to your AAdvantage® account.

The worth of this supply might be reported to the IRS and the recipient is answerable for any federal, state, or native taxes on this supply.

Apply Now

Bask Bank and BankDirect are divisions of Texas Capital Bank, N.A. Member FDIC. The sum of your whole deposits with (i) Bask Bank; (ii) BankDirect; and (iii) Texas Capital Bank, N.A. are insured as much as $250,000.  Additional protection could also be obtainable relying on how your belongings are held.


15. Wise — $100 Credit After Sign-up

Wise5e961d64942a2f00f64d30dc Primary P 800 is a user-friendly business banking and funds answer with a formidable supply — a $100 credit score — for brand spanking new account holders. All it’s essential do to assert it’s open your account through the supply interval and spend $1,000 in your Wise card throughout the first 30 days.

Moving ahead, all Wise balances earn a 0.5% base incentive, credited month-to-month. Card purchases earn a further cash-back incentive of 0.1% per $1,000 spent, as much as 0.5% most on a $5,000 month-to-month spend.

For most business customers, that’s greater than sufficient to offset the $10 month-to-month payment.

Apply Now


16. SunTrust Bank Checking & Savings Combo – Up to $500 Cash Bonus

For a restricted time, open new eligible SunTrust Bank checking and savings accounts concurrently (on the identical day) utilizing the promo code “CHKSAVQ221” and full qualifying actions to earn a money bonus value as much as $500.

Here’s the way it works:

  • Open a brand new eligible SunTrust personal checking account (Advantage Checking or Essential Checking).
  • Complete no less than 2 qualifying direct deposits totaling no less than $500 inside 90 days of account opening.
  • Open any new eligible SunTrust financial savings or money market account and deposit a qualifying steadiness ($15,000 or extra) inside 30 days.
  • Maintain the qualifying steadiness within the financial savings or money market account for no less than 90 days from account opening.

You ought to obtain your $500 money bonus inside 4 weeks of finishing the qualifying actions, contingent upon SunTrust’s verification.

Additionally, relying in your whole relationship steadiness with SunTrust and your account kind, you may qualify for a loyalty money bonus of as much as 50% whenever you use your SunTrust Rewards Credit Card to earn money rewards on purchases.

Card approval is required to earn the loyalty money bonus and isn’t assured.

This supply applies to new SunTrust checking clients. New clients are outlined as these with out present accounts or accounts closed throughout the previous 180 days dwelling in states by which SunTrust Bank has branches: AL, AR, FL, GA, MD, MS, NC, SC, TN, VA, and DC.

Check SunTrust Bank’s web site for availability in your space. This supply is accessible for accounts opened by June 30, 2021.

Apply Now


17. SkyOne Federal Credit Union – Up to $500 Gift Card Bonus

Open a SkyOne Federal Credit Union membership with a qualifying account for the chance to earn as much as $500 in Amazon present playing cards.

All it’s essential do to start out incomes is refer buddies to SkyOne. For every profitable referral, you’ll earn one other $25 Amazon present card, as much as $500 in whole present card bonuses every year. A “successful referral” counts as an account opened in-person or on-line that continues to be open and in good standing for no less than 30 days.

You can earn as much as $500 in present playing cards each year with profitable referrals. Moving ahead, you have to preserve a steadiness of no less than $500 to earn dividends.

Apply Now


18. PSECU – Up to $250 Cash Bonus

New PSECU members can select from certainly one of two nice bonus alternatives value as much as $250 money. Simply get authorised for a PSECU checking account, then full qualifying actions to qualify for the bonus of your selecting:

  • $100 Bonus: Add a debit card to your account and join digital banking (on-line or cellular).
  • $250 Bonus: Add a debit card, join digital banking, and add a month-to-month direct deposit of no less than $200.

These affords can be found to new PSECU members who be part of by May 31, 2021. PSECU will deposit bonus funds to eligible recipients inside 45 days in any case bonus necessities are happy.

Apply Now


19. Regions Bank – Up to $100 Cash Bonus Each Year
regions bank

Open a brand new checking account at Regions Bank, both on-line or at a department. Then open a Regions LifeGreen Savings Account with a gap deposit of $50 or extra. Then, arrange a recurring month-to-month switch of $10 or extra out of your Regions checking account to your LifeGreen Savings Account and full no less than 12 month-to-month transfers.

Every year, you’ll obtain a 1% financial savings bonus in your account anniversary date, based mostly in your account’s common month-to-month steadiness for the previous 12 months, as much as the max annual financial savings bonus of $100.

Your bonus ought to be deposited into your account on the business day following your anniversary date.

Apply Now


20. Citizens Bank — Up to $400 Checking Bonus

New Citizens Bank clients can make the most of an attractive checking account bonus offer with two elements. Here’s the way it works:

  • First, open your first new personal checking account by May 13, 2021, and execute a direct deposit of $500 or extra inside 60 days. You’ll obtain a $300 bonus for finishing this step.
  • Second, full as much as 50 qualifying debit card purchases throughout the first 60 days your account is open. You’ll obtain a $2 bonus for every buy, as much as $100 in whole potential bonus money.

To qualify, you have to not be a signer on any Citizens Bank account throughout the previous six months. You ought to obtain the bonuses inside 4 months of finishing the related qualifying actions.

Apply Now


21. Citizens Bank — $1,000 Bonus for College Savings

citizens bank logoCitizens Bank is at present providing a $1,000 bonus (plus curiosity) for individuals who join a CollegeSaver savings account, a straightforward, manageable financial savings plan that can aid you meet your school financial savings wants.

It’s an interest-bearing account, and in the event you open it earlier than your little one’s twelfth birthday and save the month-to-month minimal quantity each year, you’ll obtain a $1,000 bonus (plus curiosity) when your little one turns 18. Opening an account earlier than your little one turns 12 will solely enhance the financial savings.

This supply is simply obtainable in states the place Citizens Bank has a bodily presence, principally within the northeastern U.S. Check Citizens Bank’s web site for availability and different restrictions.

Apply Now


22. SunTrust Business Checking — $200 Bonus Cash

Suntrust LogoSunTrust, a monetary establishment based mostly within the southeastern United States, has an awesome account opening promotion value $200 for small-business homeowners. Here’s the way it works:

  • Open a brand new eligible SunTrust business checking account (Simple Business Checking, Primary Business Checking, or Business Advantage Plus) by June 30, 2021.
  • Within 30 days of your account opening date, make cumulative qualifying minimal deposits of $1,500 or extra into the account.

You ought to obtain your reward inside eight weeks of finishing these necessities. Once your account is open, you’ll pay no month-to-month upkeep charges for the primary two assertion cycles.

The offer page has extra details about avoiding month-to-month upkeep charges after this promotional interval ends.

This supply is for brand spanking new clients solely and is simply obtainable in states the place SunTrust has a bodily department presence: AL, AR, FL, GA, MD, MS, NC, SC, TN, VA, and DC. Check SunTrust Bank’s web site for availability in your space.

Apply Now


23. PNC Bank Business Checking or Business Checking Plus — $200 Cash Bonus

Pnc Bank LogoNew PNC Bank business checking account holders could qualify for a $200 bonus supply obtainable by the tip of the primary quarter of 2021. Here’s the way it works:

  • Open an eligible account (Business Checking or Business Checking Plus) by June 30, 2021.
  • Maintain a $5,000 (or higher) common cycle steadiness (account steadiness) for every of the primary three assertion cycles.
  • Complete 20 or extra whole qualifying debit card transactions throughout the first three assertion cycles.

You ought to obtain a $200 money bonus in your new account inside 90 days after finishing these qualifying actions.

Moving ahead, you could possibly waive month-to-month upkeep charges for Business Checking and Business Checking Plus.

This supply is accessible nationwide.

Apply Now


24. Alliant Credit Union — $100 Bonus

Alliant Credit Union is providing a uncommon bonus alternative on its high-yield financial savings account (the Alliant Ultimate Opportunity Savings Account) in partnership with Suze Orman, the personal finance professional.

To qualify for Alliant’s $100 bonus, you’ll have to do the next:

  • Apply for an Alliant Ultimate Opportunity Savings Account utilizing Alliant’s straightforward on-line application (see Alliant’s website for details about becoming a member of in the event you’re not already a member) by Dec. 31, 2021.
  • For 12 consecutive months, deposit no less than $100 into your new financial savings account every month. You should make your first $100 deposit inside 30 days of opening your account.
  • Have a steadiness of no less than $1,200 in your account on the finish of the qualification interval (12 months).

You ought to obtain your $100 bonus within the account inside 4 weeks after finishing these qualifying actions. While you wait, you’ll get pleasure from the most effective financial savings yields round (at present 0.55% APY however topic to alter with prevailing charges).

If you get pleasure from your expertise with Alliant, take into account pairing your Ultimate Opportunity Savings Account with a Free Teen Checking Account, whose excessive yield makes it the most effective financial institution accounts for teenagers underneath 18.

Learn More


Final Word

Take your decide of those financial institution promotions. You’ve earned them. But don’t let checking account bonuses have the final phrase on the place you select to financial institution.

When selecting a financial institution, it’s essential to search out one which fits your wants – whether or not that’s favorable interest-bearing accounts, low or no charges, overdraft safety, entry to probably profitable cash-back bank cards, or mobile-friendly on-line banking options.

Bank account promotions for brand spanking new clients are great, however making the most of everlasting perks is a long-lasting bonus in its personal proper. You deserve a financial institution that’s keen to work on daily basis to earn your business.

Editorial Disclosure: This content material just isn’t offered or commissioned by the financial institution advertiser. Opinions expressed listed below are writer’s alone, not these of the financial institution advertiser, and haven’t been reviewed, authorised or in any other case endorsed by the financial institution advertiser. This web site could also be compensated by the financial institution advertiser Affiliate Program.


Back to top button