Our experts answer readers’ banking questions and write unbiased product reviews (here’s how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.
We’ve gone through the best bank promotions and bonus offers among national, regional banks, and online banks, and selected our top picks for September 2023. Some of these bank bonus offers are for personal checking and savings accounts, while other promotions are for business accounts.
Featured Offer – Earn up to $250 with direct deposit.
Start saving
Perks
Fees
no monthly service fee
Annual Percentage Yield (APY)
up to 4.50%
Minimum Deposit Amount
$0
Bonus
up to $250
- FDIC insured for $2 million
- High interest rate
- Earn a higher interest rate with qualifying activities
- No minimum opening deposit
- No monthly service fees
- No overdraft fees
- Up to $250 bonus with qualifying direct deposit (terms apply)
- Earn up to 15% cash back at local retailers if you use a SoFi debit card
- No-fee overdraft coverage if you overdraw up to $50
- Savings tools
- Early direct deposit
- Joint account available
- Declined purchase if you overdraw by more than $50
- Doesn’t reimburse out-of-network ATM providers’ fees
- May deposit cash at Green Dot locations but there’s a $4.95 fee
The Insider’s Take
SoFi Checking and Savings is a great account option if you don’t mind keeping your savings and checking in one account.
SoFi Checking and Savings
Product Details
- FDIC insured for $2 million
- Free access to 50,000+ Allpoint ATMs worldwide
- Hybrid checking/savings account
- Earn up to 15% cash back on local retailers when you use a SoFi debit card; Retailer information is available through online banking
- Earn 4.50% APY on savings balances (Vaults included) and 0.50% APY on checking balances if you set up direct deposit or deposit minimum $5,000 per month
- Earn 1.20% APY on SoFi Checking and Savings if you don’t have qualifying activities
- Earn up to $250 cash bonus available through December 31, 2023; receive a $50 bonus if you make a direct deposit between $1,000 and $4,999 in the first 30 days of opening an account; receive a $250 bonus if you make a direct deposit of $5,000 or more in the first 30 days of opening an account
- Create up to 20 Money Vaults to save for individual savings goals like an emergency fund or vacation
- $4.95 fee each time you deposit cash at a Green Dot location
- To get no-fee overdraft coverage you must have at least $1,000 in direct deposits
Compare the Best Bank Account Promotions and Bonus Offers
Earn up to $3,000 with qualifying transactions
Start banking
Fees
$35 monthly service fee
Annual Percentage Yield (APY)
0.01% as of 06/30/2023
Minimum Deposit Amount
None
Bonus
up to $3,000
- Earn up to $3,000 cash bonus
- No foreign exchange rate adjustment fees
- Unlimited out-of-network ATM fee refunds
- No fees on the first 4 overdrafts during the current and previous 12 statement periods
- No incoming or outgoing wire transfer fees
- Higher deposit and withdrawal limits than other Chase checking accounts
- Free personalized checks
- Access to a Chase Private Banker
- Access to a Business Relationship Manager
- Access to exclusive offers on sport and entertainment events
- Discounts on home and auto loans
- You must have $150,000 in this account and any eligible linked Chase bank and investment accounts to qualify
- $35 monthly service fee, unless you qualify to waive it
- $34 overdraft and non-sufficient funds fees
The Insider’s Take
Chase Private Client Checking℠ could be a good fit if you want access to a Chase Private Banker, Business Relationship Manager, and discounts on auto and home loans. But if you don’t have at least $150,000 in a combination of your accounts, you won’t qualify to open an account or to waive the monthly fee.
Chase Private Client Checking℠
Product Details
- You’re eligible for up to a $3,000 bonus when you open a new Chase Private Client Checking℠ account with qualifying activities.
- Speak with a Private Client Banker to open your Chase Private Client Checking account today. Schedule your meeting at your nearest branch or over the phone.
- Priority service for everyday banking. Receive personalized attention from a dedicated Chase Private Client Banker who is ready to help you.
- Earn $1,000 when you deposit $150,000 or earn $2,000 when you deposit $250,000 or earn $3,000 when you deposit $500,000.
- To waive $35 monthly service fee, maintain a minimum $150,000 balance in a combination of this account, eligible linked Chase bank accounts, and eligible investment accounts, OR link to a Chase Platinum Business Checking℠ account.
- No ATM fees worldwide.
- No Chase fee on incoming or outgoing wire transfers; can be completed online or over the phone.
- Experience a financial relationship that brings you more.
- Deposit products provided by JPMorgan Chase Bank, N.A. Member FDIC. Deposit products are FDIC insured up to the maximum amount allowed by law.
EARN UP TO $2,000 WITH QUALIFYING TRANSACTIONS
Start banking
Fees
See website for details
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$200,000
Bonus
up to $2,000
- Refunds any fees charged by out-of-network ATMs
- No overdraft fees
- Access to wealth management team
- You may qualify for up to $200/year in membership and subscription rebates
- You must have $200,000 combined in Citi bank accounts, and linked retirement/investment accounts to be a Citigold member
- BBB gives Citi an F in trustworthiness
The Insider’s Take
Citi® could be a good option if you live in one of the 42 states that offers Citi® Accelerate Savings because it pays a high interest rate. Citi® is also notably featured in our guides for best low credit score mortgage lenders and best credit cards.
Citigold® Checking Account
Product Details
- Earn up to $2,000 cash bonus when you open a new eligible Citigold® Checking Account with required activities
- No Citi fees at non-Citi ATMs
- 0.00% Annual Percentage Yield
- Within 20 days of opening, deposit $200,000 new-to-Citibank funds
- Maintain a minimum balance of $200,000 for 60 consecutive calendar days
EARN UP TO $2,000 WITH QUALIFYING TRANSACTIONS
Start banking
Fees
See website for details
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$0
Bonus
up to $2,000
- No opening deposit
- No out-of-network ATM fees
- Access to Citi expert advisers
- BBB gives Citi an F in trustworthiness
The Insider’s Take
Citi® could be a good option if you live in one of the 42 states that offers Citi® Accelerate Savings because it pays a high interest rate. Citi® is also notably featured in our guides for best low credit score mortgage lenders and best credit cards.
Citi Priority
Product Details
- Earn up to $2,000 cash bonus when you open a new eligible Citi Priority Checking Account with required activities
- No Citi fees at non-Citi ATMs
- 0.00% Annual Percentage Yield
Earn $1,000 with qualifying transactions
Fees
$40 monthly service fee
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
None
Bonus
$1,000
- No minimum opening deposit
- Unlimited transactions
- Possible to waive the monthly service fee
- Ability to deposit cash
- Free overdraft protection available
- $40 monthly service fee
- $36 overdraft fee
- $3.50 out-of-network ATM fee
The Insider’s Take
Huntington Bank is a good option if you live near a branch and prefer in-person banking.
Product Details
- To waive the $40 monthly service fee, maintain at least $50,000 in your account each month
- No fee for the first $25,000 you deposit in cash each month
- There’s a $0.30 fee for each $100 cash deposit that exceeds the $25,000 limit
- FDIC insured
EARN $600 WITH QUALIFYING TRANSACTIONS
Start banking
Fees
$25 monthly service fee
Annual Percentage Yield (APY)
0.03%
Minimum Deposit Amount
$0
Bonus
$600
- Earn interest on your money
- Earn a higher rate on your Huntington savings or money market account when you have a Huntington Platinum Perks Checking account
- Receive your paycheck up to two days early
- No minimum opening deposit
- No out-of-network ATM fees, and unlimited reimbursements
- Monitor your credit score
- $50 Safety Zone: No overdraft fees if you overdraw by $50 or less
- 24-hour grace period to avoid overdraft fees
- Free overdraft protection
- Open a Premier Savings account with no opening deposit or monthly fee when you have a checking account
- Relationship discounts on mortgages and equity lines of credit
- $25 monthly fee if you don’t qualify to have it waived
- $15 overdraft fee
The Insider’s Take
Huntington Bank is a good option if you live near a branch and prefer in-person banking.
Huntington Bank Platinum Perks Checking
Product Details
- Available to residents of Colorado, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, West Virginia, or Wisconsin
- Access to over 1,000 branches and 1,600 ATMs
- $25 monthly maintenance fee, or $0 when you have $25,000 total in all your Huntington accounts
- $600 cash bonus for eligible new customers who open a new, qualifying Huntington Platinum Perks Checking account by October 7, 2023 with qualifying activities
- Free overdraft protection that lets you connect your checking account to another Huntington account
- Interest compounded and deposited monthly
- FDIC insured
Earn $500 with qualifying activities
Fees
$50 monthly maintenance fee
Annual Percentage Yield (APY)
N/A
Minimum Deposit Amount
$100
Bonus
$500
- You may qualify for a $500 sign-up bonus
- 2,500 free transactions per month
- No monthly service fee for the first 3 months your account is open
- Up to 4 PNC business checking accounts with no monthly service fee
- No out-of-network ATM fees
- No charge for digital or paper statements
- $100 minimum opening deposit
- $50 monthly service fee
- Only one way to waive monthly service fee
- $0.50 fee for each monthly transaction after you surpass 2,500
- Doesn’t reimburse any fees charged by out-of-network ATMs
The Insider’s Take
PNC Bank’s strongest products are its digital accounts, but your options will depend on where you live.
Product Details
- Branches in 29 US states and Washington, DC
- Around 60,000 free ATMs
- Deposit $50,000 in cash for free each month, then $0.30 per $100
- No Monthly Account Maintenance Fee for the first three statement cycles, then $50 with options to waive
- Waive the $50 monthly service fee by maintaining a $30,000 combined monthly collected balance in this account and all your beneficiary PNC business checking accounts
- Receive an Earnings Credit (which lessens or eliminates certain fees) when your average collected monthly balance is over $125,000
- Earn $500 bonus by opening an account by 9/30/2023 and maintaining a $30,000 average ledger balance for the first three statement cycles (only available if your business annual revenue is under $5 million)
- Member FDIC
Earn $500 with qualifying activities
Fees
$25 monthly maintenance fee
Annual Percentage Yield (APY)
N/A
Minimum Deposit Amount
$100
Bonus
$500
- You may qualify for a $500 bonus
- Receive an Earnings Credit to offset or lessen fees, regardless of your monthly balance
- Pay only for the banking services you use per month
- No out-of-network ATM fees
- Earn cash back at certain locations
- $100 minimum opening deposit
- $25 monthly service fee, with no option to waive
- Doesn’t reimburse any fees charged by out-of-network ATMs
The Insider’s Take
PNC Bank’s strongest products are its digital accounts, but your options will depend on where you live.
Product Details
- Branches in 29 US states and Washington, DC
- Around 60,000 free ATMs
- Keep all of your PNC business checking and bookkeeping in one place
- Earn $500 bonus by opening an account by 9/30/2023 and maintaining a $30,000 average ledger balance for the first three statement cycles (only available if your business annual revenue is under $5 million)
- Member FDIC
Earn $500 with qualifying transactions
Start saving
Fees
$25 monthly service fee
Annual Percentage Yield (APY)
0.01%
Minimum Deposit Amount
$25
Bonus
$500
- $25 minimum opening deposit
- Earns interest
- Possible to waive the monthly service fee
- No out-of-network ATM fees
- Refunds up to $25 per month in out-of-network ATM fees from outside providers
- Eligible for Relationship Package Benefits
- Overdraft protection available
- Monthly service fee
- $15 overdraft fee
The Insider’s Take
BMO Harris is a great choice if you want a free savings or checking account. It also offers impressive checking account bonuses. But you’ll want to look elsewhere to earn high interest rates.
BMO Harris Premier Account
Product Details
- The $25 monthly service fee is waived if you meet one of the following requirements: 1) you have a minimum daily balance of $10,000 or more 2) you have a $25,000 monthly combine balance or 3) you are part of the Best of BMO US program and have a waiver from a BmO Banker
- FDIC insured
EARN UP TO $1,000 WITH QUALIFYING TRANSACTIONS
Start banking
Fees
$6.95 monthly service fee
Annual Percentage Yield (APY)
See site for details
Minimum Deposit Amount
$25
Bonus
up to $500 (earn up to $1,000 total if you open Smartly Checking and Standard Savings accounts at the same time)
- Low minimum opening deposit
- Several way to waive monthly service fee
- Large ATM network
- No fee overdraft protection transfers from a linked deposit account
- $50 overdrawn Available Balance safety threshold and Overdraft Fee Forgiven program
- May enroll in U.S. Bank Smart Rewards if you meet certain requirements
- $6.95 monthly service fee
- $2.50 out-of-network ATM fee
- $36 overdraft fee
- $12.50 overdraft protection transfer fee for transfers over $50 made from a linked credit account
The Insider’s Take
U.S. Bank is included in our best national banks guide as the best national bank in the Midwest and West. It’s a good choice if you want a brick-and-mortar bank with 24/7 live support. It also has a variety of credit card and lending options, and you can earn significant welcome bonuses when you open checking and savings accounts.
U.S. Bank Smartly® Checking
Product Details
- Earn up to $1,000 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through September 6, 2023. Member FDIC.
- Applicant must reside in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, WY to be eligible for Checking account.
EARN UP TO $1,000 WITH QUALIFYING TRANSACTIONS
Fees
$4 monthly service fee
Annual Percentage Yield (APY)
0.01%
Minimum Deposit Amount
$25
Bonus
up to $400 (earn up to $1,000 total if you open Smartly Checking and Standard Savings accounts at the same time)
- $25 minimum opening deposit
- You may qualify to waive the monthly fee
- Low APY
- $4 monthly service fee
The Insider’s Take
U.S. Bank is included in our best national banks guide as the best national bank in the Midwest and West. It’s a good choice if you want a brick-and-mortar bank with 24/7 live support. It also has a variety of credit card and lending options, and you can earn significant welcome bonuses when you open checking and savings accounts.
U.S. Bank
Product Details
- Earn up to $400 with a new Standard Savings account and earn up to $1,000 total If you open Smartly Checking and Standard Savings accounts at the same time.
- •Make new money deposit(s) totaling $25,000 to $49,999.99 to earn $200 or $50,000 or more to earn $400 by September 30, 2023 •Maintain that balance until March 31, 2024
- Earn an additional $100 for opening both the Standard Savings account and the U.S. Bank Smartly® Checking
- Over 2,000 branches in 26 US states
- Free access to around 4,700 ATMs
- Waive $4 monthly service fee by maintaining a $300 daily balance, OR average $1,000 monthly balance, OR being under age 18
- Interest compounded daily, paid monthly
- FDIC insured
EARN $400 WITH QUALIFYING TRANSACTIONS
Start banking
Fees
$10 monthly service fee
Annual Percentage Yield (APY)
0.02%
Minimum Deposit Amount
$0
Bonus
$400
- Earn interest on your money
- Earn a higher rate on your Huntington savings or money market account when you have a Huntington Perks Checking account
- No minimum opening deposit
- Waives/reimburses up to 5 out-of-network ATM fees per month
- Receive your paycheck up to two days early
- Monitor your credit score
- $50 Safety Zone: No overdraft fees if you overdraw by $50 or less
- 24-hour grace period to avoid overdraft fees over $50
- Free overdraft protection
- Open a Premier Savings account with no opening deposit or monthly fee when you have a checking account
- $10 monthly service fee if you don’t qualify to have it waived
- $3.50 out-of-network ATM fee
- $15 overdraft fee
The Insider’s Take
Huntington Bank is a good option if you live near a branch and prefer in-person banking.
Huntington Bank Perks Checking
Product Details
- Available to residents of Colorado, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, West Virginia, or Wisconsin
- Access to over 1,000 branches and 1,600 ATMs
- $400 bonus when you open a new Huntington Perks Checking Account by October 7, 2023, have a qualifying direct deposit made to the account within 90 days of account opening and keep your account open for 90 days
- $10 monthly maintenance fee waived when you make $1,000 in total monthly deposits OR have $5,000 total in all your Huntington accounts
- Free overdraft protection that lets you connect your checking account to another Huntington account
- Interest compounded and paid monthly
- FDIC insured
Earn $400 with qualifying transactions
Fees
$20 monthly service fee
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
None
Bonus
$400
- No minimum opening deposit
- Unlimited transactions
- Possible to waive the monthly service fee
- Ability to deposit cash
- Free overdraft protection available
- $20 monthly service fee
- $36 overdraft fee
- $3.50 out-of-network ATM fee
The Insider’s Take
Huntington Bank is a good option if you live near a branch and prefer in-person banking.
Product Details
- To waive the $20 monthly service fee, maintain at least $10,000 in your account each month
- No fee for the first $10,000 you deposit in cash each month
- There’s a $0.30 fee for each $100 cash deposit that exceeds the $10,000 limit
- FDIC insured
EARN $100 TO $400 WITH QUALIFYING TRANSACTIONS
Start banking
Fees
$7, $15, or $25 monthly service fee
Annual Percentage Yield (APY)
up to 4.00%
Minimum Deposit Amount
$0 or $25
Bonus
$100, $200, or $400
- No minimum opening deposit to open online
- Possible to waive monthly service fees
- Budgeting tool
- Access to Spend (checking account), Reserve (interest checking account), and Growth (savings account)
- Performance Spend reimburses up to $5/month in out-of-network ATM fees charged by providers
- Reserve and Growth funds can act as overdraft protection for the Spend account
- Low Cash Mode® helps prevent overdraft fees on Spend account
- $3 out-of-network ATM fee for the basic Virtual Wallet product
- $7, 15, or $25 monthly service fee
- Limited customer service hours
The Insider’s Take
PNC Bank’s strongest products are its digital accounts, but your options will depend on where you live.
PNC Bank Virtual Wallet
Product Details
- 1 Virtual Wallet® is actually 3 accounts: Spend (checking), Reserve (interest checking), and Growth (savings)
- Low Cash Mode gives you at least 24 hours to bring your available account balance to $0 before you’re charged overdraft fees on your Spend account
- You can just have Spend, or choose to add Reserve and Growth at no extra cost
- To waive the monthly service fee you must meet certain requirements
- Earn $100 if you open a Virtual Wallet® and receive $500 in direct deposits in first 60 days, $200 if you open a Virtual Wallet® with Performance Spend and receive $2,000 in direct deposits in first 60 days; $400 if you open a Virtual Wallet® with Performance Select and receive $5,000 in direct deposits in the first 60 days
- Branches in 29 states and Washington, DC
- Access to about 60,000 PNC ATMs
- FDIC insured
Earn $350 with qualifying transactions
Start banking
Fees
no monthly service fee
Annual Percentage Yield (APY)
0.10%
Minimum Deposit Amount
$0
Bonus
$350 bonus
- 0.10% APY on all account balances
- No opening deposit or minimum account balance
- No monthly service fee
- No foreign transaction fee
- Range of overdraft protection options
- Processes direct deposits up to 2 days early
- Doesn’t reimburse out-of-network ATM fees
- Limited access to customer service by phone
The Insider’s Take
Capital One is a strong bank overall. You’ll earn competitive interest rates on online savings accounts and CDs.
Capital One 360 Checking
Product Details
- Earn a $350 bonus after opening a new account by 10/18/2023 using the promo code BONUS350 and completing two direct deposits each worth $250 or more within 75 days of account opening
- Over 70,000 free ATMs nationwide
- Branches in NY, LA, TX, MD, VA, NJ, and Washington, DC
- Interest compounded daily, paid monthly
- FDIC insured
EARN UP TO $300 WITH QUALIFYING TRANSACTIONS
Start banking
Fees
no monthly service fee
Annual Percentage Yield (APY)
4.01%
Minimum Deposit Amount
$25,000
Bonus
up to $300
- High interest rate on high account balances
- No monthly maintenance fees
- High minimum opening deposit
- No interest earned on account balances under $24,000
The Insider’s Take
Axos has strong high-yield savings, checking, and money market accounts. if you’d like to avoid monthly service fees. But you can find higher interest rates at some of the best online banks.
Product Details
- Business owners get up to $300 welcome bonus!*
- Choose smarter business banking by Sep. 30 and enjoy 4.01% APY* and a bonus of up to $300 when you maintain a minimum average daily balance of $50,000.† Just use promo code NEWBPS on your application.
- Earn 4.01% APY
- No monthly maintenance fee
- No average daily balance requirement fee
- Free image statements
- Free online banking
- Remote deposit from anywhere
- $5,000 minimum opening deposit
EARN $300 WITH QUALIFYING TRANSACTIONS
Fees
$15 monthly service fee
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
None
Bonus
$300
- No minimum opening deposit
- Unlimited monthly debit card transactions
- 20 free transactions made with checks or a bank teller each month
- Possible to waive the monthly service fee
- Large free ATM network
- $15 monthly service fee
- Fee for using out-of-network ATMs
- After the 20-transaction limit, you’ll pay $0.40 per transaction with a bank teller and for checks
The Insider’s Take
You may prefer Chase to other banks if you like a nationwide branch and ATM network. Chase is listed in our guides for best national banks, best credit cards, and best mortgage lenders. Other financial institutions pay higher interest rates on savings accounts, though.
Product Details
- Around 4,700 branches in 48 US states and Washington, DC
- Access to 16,000 free ATMs
- To waive the $15 monthly service fee, complete one of the following each month: Maintain a minimum $2,000 daily balance, make $2,000 in net purchases with your Chase Ink Business Card, receive $2,000 in deposits from Chase QuickAccept or other eligible Chase payment solutions transactions, link to a Chase Private Client account, or provide proof that you are a qualifying military member
- Deposit $5,000 in cash for free per statement cycle
- To earn a $300 bonus, deposit at least $2,000 of new money within 30 days of opening the account, maintain your new money balance in the account for at least 60 days after opening the account, and complete five qualifying transactions within the first 90 day
- Member FDIC
Earn $300 with qualifying transactions
Start savings
Fees
$5 monthly service fee if you are over 25
Annual Percentage Yield (APY)
N/A
Minimum Deposit Amount
$25
Bonus
$300
- $25 minimum opening deposit
- Possible to waive the monthly service fee
- No overdraft fees
- Monthly service fee
- $3 out-of-network ATM fee
The Insider’s Take
BMO Harris is a great choice if you want a free savings or checking account. It also offers impressive checking account bonuses. But you’ll want to look elsewhere to earn high interest rates.
BMO Harris Smart Money
Product Details
- The $5 monthly service fee is waived for anyone under 25 years of age
- Debit cards transactions that overdraw for your account are declined
- FDIC insured
Earn $300 with qualifying transactions
Start banking
Fees
$25 monthly service fee
Annual Percentage Yield (APY)
0.01%
Minimum Deposit Amount
$0
Bonus
$300
- No opening deposit
- Free overdraft protection
- 2 overdraft fee reimbursements per year
- Waive other TD Bank account monthly fees when you have a Beyond Checking Account
- No out-of-network ATM fees
- Reimburses out-of-network ATM fees charged by providers when your balance is at least $2,500
- $25 monthly service fee
- $35 overdraft fee
The Insider’s Take
You might like one of TD Bank’s three primary checking accounts if you prefer banking face-to-face and live near a branch along the East Coast.
TD Bank Beyond Checking Account
Product Details
- Earn $300 when you have $2,500 in qualifying direct deposits within 60 days
- Access to over 1,100 branch locations
- Waive $25 monthly fee with $5,000 in monthly direct deposits, OR $2,500 minimum balance, OR total of $25,000 in all TD Bank accounts
- No opening deposit or minimum account balance
- Interest compounded daily
- FDIC insured
Earn $300 with qualifying transactions
Read Review
Fees
no monthly service fee
Annual Percentage Yield (APY)
0.01%
Minimum Deposit Amount
$0
Bonus
$300
- You may qualify for a $300 bonus
- You may qualify for a monthly discount on refinanced student loans
- No minimum opening deposit
- No monthly service fees
- Free overdraft protection if you set up automatic transfers from savings, or cover it with your Laurel Road credit card
- $3 out-of-network ATM fee ($1.50 for checking your account balance, $5 international ATM fee)
- $20 overdraft fee
- Cannot deposit cash
- After the first 3 months, you won’t receive a discount on refinanced student loans if you receive less than $2,500 in direct deposits in a month
The Insider’s Take
Laurel Road has one of the best high-yield savings accounts right now. It also might be a good fit if you want an online bank account that offers discounts for student loan refinancing. Just keep in mind that when you refinance student loans with a private lender, you lose any benefits or protections you may have had with federal student loans.
Laurel Road Linked Checking℠
Product Details
- Laurel Road is an online brand of KeyBank, N.A.
- 40,000 free ATMs in the KeyBank and Allpoint networks
- To earn the $300 bonus, open a Laurel Road Linked Checking account at the same time as refinancing your student loans, then make a qualifying direct deposit of $2,500 or more within 60 days of opening your account
- If you refinance your student loans with Laurel Road and link them to the Linked Checking Account, you can qualify for discounts on your refinanced loan by making direct deposits
- For the first three months, you’ll earn an intro monthly discount of 0.25% regardless of your direct deposit amount
- For the post-intro discount, receive a 0.55% discount for a month with direct deposits totaling $7,500 or more; 0.25% with direct deposits totaling $2,500 to $7,499; no discount with direct deposits totaling $2,499 or less
- Member FDIC
Earn $300 with qualifying transactions
Read Review
Fees
no monthly service fee
Annual Percentage Yield (APY)
0.01%
Minimum Deposit Amount
$0
Bonus
$300
- You may qualify for a $300 bonus
- You may qualify for a $20 monthly cash reward for the first year, then a $10 monthly cash reward after the first year
- No minimum opening deposit
- No monthly service fees
- Free overdraft protection if you set up automatic transfers from savings, or cover it with your Laurel Road credit card
- $3 out-of-network ATM fee ($1.50 for checking your account balance, $5 international ATM fee)
- Cannot deposit cash
- $20 overdraft fee
The Insider’s Take
Laurel Road has one of the best high-yield savings accounts right now. It also might be a good fit if you want an online bank account that offers discounts for student loan refinancing. Just keep in mind that when you refinance student loans with a private lender, you lose any benefits or protections you may have had with federal student loans.
Laurel Road Loyalty Checking Account
Product Details
- Laurel Road is an online brand of KeyBank, N.A.
- 40,000 free ATMs in the KeyBank and Allpoint networks
- To earn the $300 bonus, make a qualifying direct deposit of $2,500 or more within 60 days of opening your account
- To earn $20 monthly bonus ($10 after the first year), make $2,500 in qualifying direct deposits for the statement period; money will show up in your account the following statement period
- Member FDIC
Earn $300 with qualifying transactions
Start banking
Fees
$10 monthly service fee
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$25
Bonus
$300
- Relatively easy to waive monthly fee
- Free overdraft protection available
- $25 minimum opening deposit
- $10 monthly service fee
- $35 overdraft fee
- $2.50 out-of-network ATM fee
The Insider’s Take
Wells Fargo is a solid choice if you’re looking for a brick-and-mortar bank with a national presence. It also offers some of the best checking and savings account bonuses out there for opening new accounts. But to earn high savings rates, you’ll want to look elsewhere.
Wells Fargo Everyday Checking Account
Product Details
- Approximately 4,700 branches and 12,000 ATMs
- $300 bonus with a minimum opening deposit of $25 and receive a total of $1,000 or more in qualifying direct deposits to your new checking account within 90 calendar days of account opening
- Waive $10 monthly fee when you have $500 in direct deposits per month, OR maintain minimum balance of $500, OR link account to a Wells Fargo Campus ATM or Campus Debit Card OR are 17-24 years old
- FDIC insured
EARN UP TO $300 WITH QUALIFYING TRANSACTIONS
Start banking
Fees
no monthly service fee
Annual Percentage Yield (APY)
up to 3.30%
Minimum Deposit Amount
$50
Bonus
up to $300
- High APY
- Unlimited out-of-network ATM reimbursements
- No monthly maintenance fees
- No overdraft fees
- No non-sufficient funds fees
- $50 opening deposit
- No APY if you can’t meet qualifications
- Few mobile app reviews
The Insider’s Take
Axos has strong high-yield savings, checking, and money market accounts. if you’d like to avoid monthly service fees.
Axos Bank Rewards Checking
Product Details
- Use promo code SUNNYBONUS and apply by December 31st, to earn up to a $300 bonus!
- Zero monthly maintenance fees
- Zero overdraft or NSF fees
- Zero minimum monthly balance reqs
- Unlimited domestic ATM fee reimbursements
- Online debit card management
- Simple, 3-step process for direct deposit
- Only $50 to open an account
Earn up to $250 with direct deposit
Start saving
Fees
no monthly service fee
Annual Percentage Yield (APY)
up to 4.50%
Minimum Deposit Amount
$0
Bonus
up to $250
- FDIC insured for $2 million
- High interest rate
- Earn a higher interest rate with qualifying activities
- No minimum opening deposit
- No monthly service fees
- No overdraft fees
- Up to $250 bonus with qualifying direct deposit (terms apply)
- Earn up to 15% cash back at local retailers if you use a SoFi debit card
- No-fee overdraft coverage if you overdraw up to $50
- Savings tools
- Early direct deposit
- Joint account available
- Declined purchase if you overdraw by more than $50
- Doesn’t reimburse out-of-network ATM providers’ fees
- May deposit cash at Green Dot locations but there’s a $4.95 fee
The Insider’s Take
SoFi Checking and Savings is a great account option if you don’t mind keeping your savings and checking in one account.
SoFi Checking and Savings
Product Details
- FDIC insured for $2 million
- Free access to 50,000+ Allpoint ATMs worldwide
- Hybrid checking/savings account
- Earn up to 15% cash back on local retailers when you use a SoFi debit card; Retailer information is available through online banking
- Earn 4.50% APY on savings balances (Vaults included) and 0.50% APY on checking balances if you set up direct deposit or deposit minimum $5,000 per month
- Earn 1.20% APY on SoFi Checking and Savings if you don’t have qualifying activities
- Earn up to $250 cash bonus available through December 31, 2023; receive a $50 bonus if you make a direct deposit between $1,000 and $4,999 in the first 30 days of opening an account; receive a $250 bonus if you make a direct deposit of $5,000 or more in the first 30 days of opening an account
- Create up to 20 Money Vaults to save for individual savings goals like an emergency fund or vacation
- $4.95 fee each time you deposit cash at a Green Dot location
- To get no-fee overdraft coverage you must have at least $1,000 in direct deposits
EARN $200 WITH QUALIFYING TRANSACTIONS
Start banking
Fees
no monthly service fee
Annual Percentage Yield (APY)
0.10% to 0.25%
Minimum Deposit Amount
$0
Bonus
$200
- Spending buckets to manage expenses
- Competitive APY
- No initial deposit
- No minimum account balance
- No monthly service charge
- Connect your account with Zelle
- Easy-to-use mobile app
- Early direct deposit
- Reimburses up to $10/month in out-of-network ATM fees
- Online bill pay
- 24/7 customer service
- No overdraft fees
- Overdraft protection
- No physical branch locations
- No way to deposit cash
Ally Spending Account
Product Details
- You can deposit checks right from your smartphone
- Manage expenses by creating spending buckets
- Ally reimburse’s up to $10 per statement cycle for fees charged at other ATMs nationwide
- Transfer money with your voice through Ally Skill™ for Amazon Alexa
- Interest compounded daily, paid monthly
- FDIC insured
Earn $200 with qualifying transactions
Start banking
Fees
$16 monthly service fee
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$100
Bonus
$200
- $100 minimum opening deposit
- 200 transactions per month
- Ability to deposit cash
- Free overdraft protection available
- Possible to waive monthly service fee
- $16 monthly service fee
- $0.45 per transaction after monthly 200 limit
- $2.50 out-of-network ATM fee
- $10 overdraft fee
The Insider’s Take
Bank of America is a worthwhile option if you want a bank with a large national presence that makes it relatively easy to waive monthly fees.
Bank of America Business Fundamentals Checking
Product Details
- To waive the $16 monthly service fee, fulfill one of the following requirements: 1) keep an average combined monthly of $5,000 or more across eligible linked Bank of America Business bank accounts 2) spend at least $250 using a Bank of America business debit card or 3) become a Preferred Rewards for Business member
- No fee for the first $7,500 you deposit in cash each month
- There’s a $0.30 fee for each $100 cash deposit that exceeds the $7,500 limit
- Member FDIC
Earn $200 with qualifying transactions
Read Review
Fees
$12 monthly service fee
Annual Percentage Yield (APY)
N/A
Minimum Deposit Amount
$100
Bonus
$200
- You may qualify for a $200 bonus
- Possible to waive monthly service fee
- No monthly service fee for the first 3 months your account is open
- $100 minimum opening deposit
- Only 150 free transactions per month
- $0.50 fee for each monthly transaction after you surpass 150
- $12 monthly service fee
- $3 out-of-network ATM fee
The Insider’s Take
PNC Bank’s strongest products are its digital accounts, but your options will depend on where you live. The best online banks include features like high savings rates, early direct deposit, and no monthly fees.
PNC Business Checking
Product Details
- Branches in 29 US states and Washington, DC
- Around 60,000 free ATMs
- Deposit $5,000 in cash for free each month, then $0.30 per $100
- No monthly service fee for the first three statement cycles, then $12 with options to waive
- Waive the $12 monthly service fee by maintaining a $500 average monthly collected balance, making $500 in eligible purchases on a linked PNC business credit card, or having a PNC Merchant Services®️ account and bring in $500 in qualifying monthly deposits
- Earn $200 bonus by opening an account by 9/30/2023, maintaining a $5,000 average ledger balance for the first three statement cycles, and making at least 20 qualifying transactions with your PNC Visa Business Credit Card in the first three statement cycles (only available if your business annual revenue is under $5 million)
- Member FDIC
Earn $200 with qualifying transactions
Read Review
Fees
$22 monthly service fee
Annual Percentage Yield (APY)
N/A
Minimum Deposit Amount
$100
Bonus
$200
- You may qualify for a $200 bonus
- 500 free transactions per month
- Possible to waive monthly service fee
- No monthly service fee for the first 3 months your account is open
- Refunds for up to 2 out-of-network ATM fees per statement period
- $100 minimum opening deposit
- $22 monthly service fee
- $0.50 fee for each monthly transaction after you surpass 500
- $3 out-of-network ATM fee
The Insider’s Take
PNC Bank’s strongest products are its digital accounts, but your options will depend on where you live. The best online banks include features like high savings rates, early direct deposit, and no monthly fees
PNC Business Checking Plus
Product Details
- Branches in 29 US states and Washington, DC
- Around 60,000 free ATMs
- Deposit $10,000 in cash for free each month, then $0.30 per $100
- No monthly service fee for the first three statement cycles, then $22 with options to waive
- Waive the $22 monthly service fee by maintaining a $5,000 average monthly collected balance, making $5,000 in eligible purchases on a linked PNC business credit card, having a PNC Merchant Services®️ account and bring in $5,000 in qualifying monthly deposits, or maintaining a $20,000 average monthly collected balance in a linked PNC business checking and business money market account
- Earn $200 reward by opening an account by 9/30/2023, maintaining a $5,000 average ledger balance for the first three statement cycles, and making at least 20 qualifying transactions with your PNC Visa Business Credit Card in the first three statement cycles (only available if your business annual revenue is under $5 million)
- Member FDIC
Earn $200 with qualifying transactions
Start banking
Fees
$12 monthly service fee
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$0
Bonus
$200
- No required opening deposit
- Over 4,700 branches
- $200 sign-up bonus
- Free overdraft protection when you link to savings for automatic transfers
- $12 monthly fee unless you meet direct deposit or minimum balance requirements
- Fee for non-Chase ATMs
- 3% foreign transaction fee
- $34 overdraft and non-sufficient funds fees (no fee if you’re overdrawn by $50 or less at the end of the business day)
The Insider’s Take
There are several Chase checking accounts, and Chase Total Checking® is the bank’s most popular choice. It offers several ways to waive the monthly fee, and you may qualify for a $200 bank account bonus. But if you want perks like early direct deposit or waived out-of-network ATM fees, one of Chase’s other options could be a better fit.
Chase Total Checking
Product Details
- New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account and set up direct deposit
- Access to more than 15,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app – Manage your accounts, deposit checks, transfer money and more — all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ – no overdraft fee if you’re overdrawn by $50 or less at the end of the business day or if you’re overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
- *With Chase Overdraft Assist℠ – no overdraft fees if you’re overdrawn by $50 or less at the end of the business day or if you’re overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Earn $200 with qualifying transactions
Start banking
Fees
$15 monthly service fee
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$0
Bonus
$200
- No monthly service fee if you’re ages 17 to 23
- No opening deposit
- Free overdraft protection
- $15 monthly service fee
- No interest earned
- $3 out-of-network ATM fee
- $35 overdraft fee
The Insider’s Take
You might like one of TD Bank’s three primary checking accounts if you prefer banking face-to-face and live near a branch along the East Coast.
TD Bank Convenience Checking Account
Product Details
- Access to 1,100 branch locations and over 2,600 ATMs
- Waive $15 monthly fee with $100 daily balance
- No opening deposit
- FDIC insured
Earn $200 with qualifying transactions
Start saving
Fees
None
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$25
Bonus
$200
- You may qualify for a $200 sign-up bonus
- $25 minimum opening deposit
- No monthly fees
- Free paper and electronic statements
- Unlimited check writing
- Only charges 1 overdraft fee per day
- No overdraft protection fee if you set up a savings account for overdraft transfers
- $3 out-of-network ATM fee
- $15 overdraft fee
- $8 overdraft protection fee when you use funds from your M&T credit card or an overdraft line of credit
The Insider’s Take
M&T Bank is a solid option if you live near a branch and prefer in-person banking to online banking. It also offers CDs with fixed and variable rates.
M&T Bank EZChoice Checking
Product Details
- Around 1,000 branches in 12 US states and DC
- Over 1,600 free ATMs
- To receive $200 bonus, open a new account by 11/30/2023 and make at least $500 in qualifying direct deposits in the first 90 days; funds will appear in your account within 90 days of meeting the requirements; visit website or branch for promo code
- Link to a Relationship Savings account, and you won’t pay a monthly fee on savings
- Member FDIC
Earn $200 with qualifying transactions
Start saving
Fees
$14.95 monthly service fee
Annual Percentage Yield (APY)
up to 0.01%
Minimum Deposit Amount
$25
Bonus
$200
- You may qualify for a $200 sign-up bonus
- Possible to waive the monthly service fee
- $25 minimum opening deposit
- Unlimited check writing
- No out-of-network ATM fees
- Refunds an unlimited number of fees charged by out-of-network ATMs (up to $2 per transaction)
- Only charges 1 overdraft fee per day
- No overdraft protection fee if you set up a savings account for overdraft transfers
- You may qualify for discounted personal loan rates
- $14.95 monthly service fee
- Low interest rate
- $15 overdraft fee
- $8 overdraft protection fee when you use funds from your M&T credit card or an overdraft line of credit
The Insider’s Take
M&T Bank is a solid option if you live near a branch and prefer in-person banking to online banking. It also offers CDs with fixed and variable rates.
M&T Bank MyChoice Plus Checking
Product Details
- Around 1,000 branches in 12 US states and DC
- Over 1,600 free ATMs
- To waive $14.95 monthly fee, keep an average daily balance of $2,500 OR receive $1,500 in direct deposits per month
- To receive $200 bonus, open a new account by 11/30/2023 and make at least $500 in qualifying direct deposits in the first 90 days; funds will appear in your account within 90 days of meeting the requirements; visit website or branch for promo code
- Link to a Relationship Savings account, and you won’t pay a monthly fee on savings
- Interest compounded daily, paid monthly
- Member FDIC
Earn $200 with qualifying transactions
Start saving
Fees
$24.95 monthly service fee
Annual Percentage Yield (APY)
N/A
Minimum Deposit Amount
$25
Bonus
$200
- You may qualify to earn a $200 as a sign-up bonus
- $25 minimum opening deposit
- Possibly to waive monthly service fees
- No out-of-network ATM fees
- Refunds an unlimited number of fees charged by out-of-network ATMs (up to $2 per transaction)
- Only charges 1 overdraft fee per day
- No overdraft protection fee
- No fee for incoming wire transfers
- Discount on a safety deposit box
- $24.95 monthly service fee
- Low interest rate
- $15 overdraft fee
The Insider’s Take
M&T Bank is a solid option if you live near a branch and prefer in-person banking to online banking. It also offers CDs with fixed and variable rates.
M&T Bank MyChoice Premium Checking
Product Details
- Around 1,000 branches in 12 US states and DC
- Over 1,600 free ATMs
- To waive $24.95 monthly fee, keep an average daily balance of $7,500, OR a combined average daily balance of $25,000 in all eligible M&T accounts
- To receive $200 bonus, open a new account by 11/30/2023 and make at least $500 in qualifying direct deposits in the first 90 days; funds will appear in your account within 90 days of meeting the requirements; visit website or branch for promo code
- Link to a Relationship Savings account, and you won’t pay a monthly fee on savings
- Interest compounded daily, paid monthly
- Member FDIC
EARN UP TO $200 WITH QUALIFYING TRANSACTIONS
Start banking
Fees
no monthly service fee
Annual Percentage Yield (APY)
N/A
Minimum Deposit Amount
$0
Bonus
up to $200
- No monthly service fees
- No minimum opening deposit
- Unlimited transactions
- Unlimited refunds on domestic out-of-network ATM fees
- You may qualify for up to $200 bonus
- Compatible with QuickBooks
- 2 free domestic wire transfers per month
- No physical branches
- $50 international outgoing wire transfer fee
The Insider’s Take
Axos is a good bank for businesses overall. The Axos Bank Basic Business Checking Account is probably its strongest product, with unlimited monthly transactions and unlimited ATM fee refunds. It’s one of the best free business checking accounts out there right now.
Axos Bank Basic Business Checking Account
Product Details
- Business owners get up to $200 welcome bonus!*
- Choose smarter business banking by September 30 and enjoy up to $200.*
- Just use promo code NEWSBC on your application.
- Zero opening deposit and cash deposits accepted
- Zero minimum monthly balance requirements
- Two domestic wire reimbursements monthly
- Unlimited domestic ATM fee reimbursements
- Enhanced Visa benefits and first 50 checks free
- Dedicated relationship manager and more
EARN UP TO $200 WITH QUALIFYING TRANSACTIONS
Start banking
Fees
$10 monthly service fee
Annual Percentage Yield (APY)
up to 1.01% (depending on balance)
Minimum Deposit Amount
$100
Bonus
up to $200
- High APY, especially on balances under $50,000
- $100 minimum opening deposit
- Unlimited out-of-network ATM refunds
- APY decreases when your balance reaches $50,000, and again at $250,000
- Only 50 free transactions each month, then $0.50 per transaction
- $10 monthly service fee if your balance falls under $5,000
The Insider’s Take
Axos is a good bank for businesses overall. The Axos Bank Basic Business Checking Account is probably its strongest product, with unlimited monthly transactions and unlimited ATM fee refunds. It’s one of the best free business checking accounts out there right now.
Axos Business Interest Checking
Product Details
- Business owners get up to $200 welcome bonus!*
- Choose smarter business banking by September 31 and enjoy up to $200.*
- Just use promo code NEWSBC on your application.
- Up to 1.01% APY*
- $100 minimum opening deposit
- Pay no monthly maintenance fee with an average daily balance of at least $5,000
- Unlimited domestic ATM fee reimbursements
- Up to 50 free items per month, $0.50 per item thereafter (includes debits, credit, and deposited items)
- Up to 60 items per month for Remote Deposit Anywhere (includes monthly per item processing limitation)
- Get the most value from your checking account.
Earn $100 with qualifying transactions
Start banking
Fees
no monthly service fee
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
None
Bonus
$100
- No monthly service fee
- 100 monthly transaction limit
The Insider’s Take
Huntington Bank is a good option if you live near a branch and prefer in-person banking.
Product Details
- Member FDIC
Earn $100 with qualifying transactions
Start banking
Annual Percentage Yield (APY)
0.01% on balances of $1,000 or more
Minimum Deposit Amount
$25
Bonus
$100 bonus
- Reimburses up to $10 in out-of-network ATM fees
- No overdraft fees
- Free overdraft protection is available
- Early direct deposit
- Access to 1,200 free USAA ATMs
- Access 60,000 USAA-preferred ATMs nationwide (Allpoint, MoneyPass, and PNC Bank ATMs)
- $2 transaction fee on USAA-preferred ATMs if you exceed the limit (10 free withdrawals per month)
The Insider’s Take
USAA is one of the best banks for the military. Most notably, it has a strong checking account with a large ATM network, and it will also reimburse up to $10 in monthly out-of-network ATM fees.
USAA Classic Checking
Product Details
- Available to active military, veterans, and military families
- Financial centers in Colorado, Maryland, New York, and Texas.
- 1,200 USAA ATMs; 100,000 USAA-preferred ATMs nationwide
- Interest compounded and deposited monthly
- Earn $100 bonus when you open your first USAA Classic Checking account and receive a qualifying military pay direct deposit of $100 or more within the first 180 days from account opening (offer ends 10/10/23, limitations apply)
- FDIC insured
Earn $100 with qualifying transactions
Start saving
Fees
no monthly service fee
Annual Percentage Yield (APY)
3.10%
Minimum Deposit Amount
$30 online/phone and $5 through paper, banking, loan applications
Bonus
$100
- Competitive APY
- Alliant covers your $5 minimum opening deposit
- No monthly service fee if you opt for eStatements instead of paper statements
- Interest compounded monthly, not daily
- Minimum $100 balance to earn interest
The Insider’s Take
Alliant is one of the best credit unions out there, especially if you want to earn high interest rates on savings, checking, and certificates.
Alliant High-Rate Savings Account
Product Details
- Several ways to become a member; the easiest is to join Foster Care for Success (Alliant will cover your $5 membership fee)
- Must maintain $100 balance to earn interest
- Interest compounded monthly
- Federally insured by the NCUA
Earn $100 with qualifying transactions
Start banking
Fees
$4.95 monthly service fee
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$0
Bonus
$100
- No minimum opening deposit
- No overdraft fees
- Free money orders and cashier’s checks
- Early direct deposit (up to 2 days early)
- $100 bonus
- $4.95 monthly service fee, no option to waive
- No overdraft protection
- $3 fee for using an out-of-network ATM
- Does not include paper checks
- No wire transfers to or from this account with qualifying transactions
The Insider’s Take
Chase is one of the best national banks out there. It has several types of checking accounts, but Chase Secure Banking℠ is the only one that offers early direct deposit so you can receive paychecks up to two days early. But if early direct deposit doesn’t matter to you, you may be more interested in another Chase checking account — one that lets you waive the monthly fee or enroll in overdraft protection.
Chase Secure Banking℠
Product Details
- New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
- Set up direct deposit and you may get your money up to two business days early-exclusively for Chase Secure Banking℠ customers.
- No minimum deposit to open an account and get started.
- No overdraft fees with a Chase debit card that helps you stay within your balance.
- Chase Secure Banking℠ customers told us they save an average of $50 a month on fees after opening their account.
- JPMorgan Chase Bank, N.A. Member FDIC.
- Pay bills, cash checks and send money with Zelle® all for a $4.95 monthly service fee.
- Bank from anywhere with access to more than 15,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase Online℠.
Earn $100 with qualifying transactions
Start banking
Fees
$6 monthly service fee
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$0
Bonus
$100
- No monthly maintenance fee for a Chase savings account linked to this account
- No required opening deposit
- Over 4,700 branches
- Relatively easy to waive monthly fee
- $6 monthly maintenance fee
- $3 to $5 out-of-network ATM fee
- No out-of-network ATM fee reimbursements
- 3% foreign transaction fee
- $34 overdraft and non-sufficient funds fees
The Insider’s Take
Chase is one of the best national banks out there, and it offers multiple checking accounts. Your best fit could come down to what perks you want and whether you can waive the monthly fee. Chase is a good option if you’re looking for a cash bonus — several of its checking accounts are featured in our best bank account bonuses guide.
Chase College Checking℠
Product Details
- Enjoy $100 as a new Chase checking customer when you open a Chase College Checking℠ account and complete 10 qualifying transactions within 60 days of coupon enrollment.
- No Monthly Service Fee for up to 5 years if you’re a student between the ages of 17-24 at account opening with proof of student status.
- Students ages 18-24 with a Social Security Number can open an account online or at a Chase branch. Students with no Social Security number and 17-year-olds can only open an account at a branch.
- Keep track of your money in the Chase Mobile® app. The app helps you manage your money.
- Zelle® is available in more than 1,000 banking apps in the U.S. So you can send and receive money from almost anyone you know and trust who has a bank account in the U.S.
- Access to more than 15,000 Chase ATMs and more than 4,700 branches.
- JPMorgan Chase Bank, N.A. Member FDIC
- Chase Overdraft Assist℠ – no overdraft fee if you’re overdrawn by $50 or less at the end of the business day or if you’re overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
- *With Chase Overdraft Assist℠, we won’t charge an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts.
Earn 30,000 Membership Rewards® points after qualifying activities
Read Review
Fees
no monthly service fee
Annual Percentage Yield (APY)
1.30% APY on the first $500,000 in your account
Minimum Deposit Amount
$0
Bonus
30,000 points
- Earn 1.30% APY on the first $500,000 in your account
- Earn a welcome bonus of 30,000 Membership Rewards points if you meet certain requirements
- Earn Membership Rewards points for debit card purchases
- No monthly maintenance fees
- No minimum balance requirements
- No incoming domestic wire transfer fees
- No international ACH transfer fees
- No overdraft fees
- No fee for stop payments
- No fee for physical check processing
- No fee for mobile deposit capture
- No out-of-network ATM fees
- $20 outgoing domestic wire transfer fee
- Costs for a physical checkbook varies from third-party vendor based on items ordered
- No reimbursements if you’re charged by an out-of-network ATM provider
- Can’t deposit cash
The Insider’s Take
American Express National Bank (Member FDIC) offers competitive interest rates on its bank accounts.
American Express Business Checking
Product Details
- Currently only accepting applications from customers that have a US Consumer or Business Credit Card issued by American Express National Bank; American Express Rewards Checking customers currently aren’t eligible to open an account
- To earn 30,000 Membership Rewards points you must meet the following requirements: 1) Receive $5,000 or more in qualifying deposits within the first 30 days of opening your account; 2) Maintain an average account balance of $5,000 for the next 60 days, and 3) make 5 or more qualifying transactions within the first 60 days of opening your account
- Earn 1 Membership Rewards point for every $2 spent using an American Express Business Debit Card
- Fee-free ATM withdrawals at 37,000 MoneyPass ATMs
- Earn 1.30% APY on the first $500,000 in your account
- No interest earned on balances over $500,000
- Interest compounded and deposited monthly
- FDIC insured
Earn up to 5,000 bonus AAdvantage® miles with qualifying activities
Fees
no monthly service fee
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$0
Bonus
up to 5,000 bonus AAdvantage® miles
- No minimum opening deposit
- No monthly service fees
- Earn American Airlines AAdvantages miles
- May not be easy to deposit cash
The Insider’s Take
The Bask Bank Interest Savings Account and Bask Bank CD are excellent options if you’d like to earn a high interest rate. The Bask Bank Mileage Savings Account may be a great choice if you frequently use American Airlines for travel. Bask Bank doesn’t offer a checking account, though.
Bask Bank Mileage Savings Account
Product Details
- Earn up to 5,000 Bonus AAdvantage® miles. To qualify for this offer, you must be a first time Bask Mileage Savings Account customer, open a Bask Mileage Savings Account between September 1, 2023 and November 30, 2023, fund your Bask Mileage Savings Account within 15 business days following the initial account opening and maintain a minimum daily account balance of $25,000 for 90 consecutive days out of the first 120 days following the initial account opening.
- Earn 2.5 American Airlines AAdvantage miles for every $1 saved annually on a Bask Bank Mileage Savings Account
- Must provide your AAdvantage account number to receive AAdvantages miles
- AAdvantage miles earned through the Bask Mileage Savings Account can’t be used toward boosting your American Airlines elite status
- Miles awarded monthly
- Deposits FDIC insured through Texas Capital Bank
Best Checking Account Bonuses and Promotional Offers
- Chase Private Client Checking℠: Earn up to a $3,000 bonus when you open a new Chase Private Client Checking℠ account with qualifying activities
- Citigold® Checking Account: Earn up to $2,000 cash bonus when you maintain a minimum eligible balance and complete required activities
- Citi Priority: Earn up to $2,000 cash bonus when you maintain a minimum eligible balance and complete required activities
- Huntington Bank Platinum Perks Checking: Earn a $600 cash bonus for eligible new customers who open a new, qualifying Huntington Platinum Perks Checking account by Oct. 7, 2023 with qualifying activities
- BMO Harris Premier Account: Earn a $500 cash bonus when you have a total of at least $7,500 in qualifying direct deposits within the first 90 days
- U.S. Bank Smartly® Checking: Earn up to $500 when you open a new U.S. Bank Smartly® Checking account online and complete qualifying activities (earn up to $1,000 total if you open Smartly Checking and Standard Savings accounts at the same time)
- Huntington Bank Perks Checking: Earn a $400 cash bonus for eligible new customers who open a new, qualifying Huntington Bank Perks Checking account by Oct. 7, 2023 with qualifying activities
- PNC Bank Virtual Wallet®: Earn $100 when you open Virtual Wallet and establish total qualifying direct deposits of at least $500 in the first 60 days, $200 when you open Virtual Wallet with Performance Spend and establish total qualifying direct deposits of at least $2,000 in the first 60 days, or $400 when you open Virtual Wallet with Performance Select and establish total qualifying direct deposits of at least $5,000 in the first 60 days (offer ends 10/31/2023)
- Capital One 360 Checking: Earn a $350 bonus after opening a new account by 10/18/2023 using the promo code BONUS350 and completing two direct deposits each worth $250 or more within 75 days of account opening
- BMO Harris Smart Advantage Checking Account and BMO Harris Smart Money: Earn a $300 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days
- TD Bank Beyond Checking Account: Earn $300 when you have $2,500 in qualifying direct deposits within 60 days
- Laurel Road Linked Checking℠ and Laurel Road Loyalty Checking Account: Earn a $300 bonus after making a qualifying direct deposit of $2,500 or more within 60 days of opening your account
- Wells Fargo Everyday Checking Account: Earn a $300 bonus with a minimum opening deposit of $25 and receive a total of $1,000 or more in qualifying direct deposits to your new checking account within 90 calendar days of account opening (offer ends Sept 26, 2023)
- Axos Bank Rewards Checking: Earn up to $300 welcome bonus when you use the promo code SUNNYBONUS to apply for a Rewards Checking account and have qualifying direct deposit(s) by 12/31/23
- SoFi Checking and Savings: Earn up to $250 with qualifying direct deposit for eligible customers (through 12/31/2023)
- Ally Spending Account: Earn $200 bonus after using code “GET200” and making a direct deposit of $1,500 or more within 90 days (offer ends 11/30/2023)
- Chase Total Checking®: Earn a $200 bonus when you open an account using a coupon code and set up direct deposit within 90 days of coupon enrollment (offer expires on 10/18/2023)
- TD Bank Convenience Checking Account: Earn $200 when you have $500 in qualifying direct deposits within 60 days
- M&T Bank EZChoice Checking, M&T Bank MyChoice Plus Checking, and M&T Bank MyChoice Premium Checking: Earn a $200 bonus when you make qualifying direct deposits totaling at least $500 within 90 days of account opening
- USAA Classic Checking: Earn a $100 bonus when you open your first USAA Classic Checking account and receive a qualifying military pay direct deposit of $100 or more within the first 180 days from account opening (offer ends 10/10/23)
- Chase Secure Banking℠: Earn $100 when you open a Chase Secure Banking account with qualifying transactions
- Chase College Checking℠: Earn $100 as a new Chase checking customer when you open a Chase College Checking℠ account and complete 10 qualifying transactions within 60 days of coupon enrollment
Best Savings Account Bonuses and Promotional Offers
- U.S. Bank Standard Savings Account: Earn up to $400 when you open a new U.S. Bank Standard Savings Account online and complete qualifying activities (earn up to $1,000 total if you open Smartly Checking and Standard Savings accounts at the same time)
- Alliant High-Rate Savings Account: Earn a $100 bonus when you deposit at least $100 a month for 12 consecutive months
- Bask Bank Mileage Savings Account: Earn up to 5,000 bonus AAdvantage® miles for new Bask Mileage Savings Account customers who fund their account within 15 business days from account opening and maintain a minimum daily balance of $25,000 for 90 consecutive days out of the first 120 days (open account by 11/30/2023)
Best Business Account Bonuses and Promotions
- Huntington Bank Unlimited Plus Business Checking: Earn a $1,000 cash bonus after making a deposit of at least $20,000 within 30 days of account opening and maintain minimum daily balance of $20,000 for 60 days after meeting deposit requirement (offer ends 9/7/23)
- PNC Treasury Enterprise Plan and PNC Analysis Business Checking: Earn $500 when you open an account by 09/30/23 and maintain a combined monthly collected balance of $30,000 for each of the first three statement cycles
- Huntington Bank Unlimited Business Checking: Earn a $400 cash bonus after making a deposit of at least $5,000 within 60 days of account opening (offer ends 9/7/23)
- Chase Business Complete Checking: Earn a $300 bonus after completing qualifying activities including total deposits of at least $2,000
- Business Premium Savings: Earn up to $300 when you maintain a minimum average daily balance of $50,000 and use promo code NEWBPS (open account by 9/30/2023)
- Bank of America Business Fundamentals Checking: Earn a $200 cash bonus when you deposit $5,000 or more in new money within 30 days and maintain an average of $5,000 for the next 60 days (offer ends December 31, 2023)
- PNC Business Checking and PNC Business Checking Plus: Earn a $200 reward when you open a new account, maintain a $5,000 average ledger balance for the first three statement cycles, and make at least 20 qualifying transactions with your PNC Visa Business Credit Card in the first three statement cycles (offer ends 9/30/2023)
- Axos Bank Basic Business Checking Account and Axos Business Interest Checking: Earn up to $200 welcome bonus with promo code NEWSBC for qualifying business owners
- Huntington Bank Business Checking 100: Earn a $100 cash bonus after making a deposit of at least $2,000 within 60 days of account opening (offer ends 9/7/23)
- American Express Business Checking: Earn 30,000 Membership Rewards® points after qualifying activities
Bank Account Bonuses: Frequently Asked Questions
Is opening a bank account for the bonus worth it?
Depending on your balance, a cash bonus could potentially allow you to earn more money than a high interest rate would. However, be mindful of common bank fees like monthly service fees or overdraft fees. Otherwise, these fees may cancel out the amount you earn as a bonus. If this is the case, you might prioritize opening one of the best high-yield savings accounts with no monthly fees instead.
Why do bank accounts have bonuses?
Banks have bank account bonuses to draw in new customers. Bonuses also help create a distinction between competing banks that may offer similar interest rates, monthly fees, or opening deposit requirements.
Can I receive more than one bank account bonus?
You usually can’t receive more than one bank account bonus with the same bank within a certain amount of time. The bank account cash bonus disclosure will usually specify how long the time frame will be, but usually, it’s between a few months to a couple of years. However, if you have the funds, you may be able to receive one bank account bonus from multiple banks.
Do I have to pay taxes on bank account bonuses?
Yes, you do have to pay taxes on your bonus. When you file taxes for the year, you’ll report the sign-up bonus as income and pay income tax.
How to Qualify for the Best Bank Account Bonuses
Chase Private Client Checking℠
Bonus amount: $1,000 to $3,000
Expiration date: October 18, 2023
Who qualifies: Both new and existing Chase Private Client customers are eligible. Eligible accounts are Chase personal checking and savings accounts, and J.P. Morgan Wealth Management non-retirement accounts.
What you need to do:
- If you’re a new client, visit the Chase bonus page and enter your email address to receive your promo code; then meet with a Private Client Banker to upgrade or open your account
- Transfer at least $150,000 of qualifying new money or securities into a combination of eligible accounts within the first 45 days
- To earn a $1,000 bonus, transfer $150,000 to $249,999
- To earn a $2,000 bonus, transfer $250,000 to $499,999
- To earn a $3,000 bonus, transfer $500,000 or more
- Maintain your new money balance for at least 90 days from opening the account
When you’ll receive the money: The money will show up in your account within 40 days of your completing the requirements.
Citigold® Checking Account
Bonus amount: Up to $2,000
Expiration date: January 9, 2024
Who qualifies: You qualify as long as you haven’t had a Citi® checking account in the last 180 days and you’re 18 years old.
What you need to do:
- Open an eligible account by January 9, 2024
- To earn $200, you’ll need to have a minimum deposit and minimum balance of $10,000 to $29,999 within 20 days of your account opening
- To earn $500, you’ll need to have a minimum deposit and minimum balance of $30,000 to $74,999 within 20 days of your account opening
- To earn $1,000, you’ll need to have a minimum deposit and minimum balance of $75,000 to $199,999 within 20 days of your account opening
- To earn $1,500, you’ll need to have a minimum deposit and minimum balance of $200,000 to $299,999 within 20 days of your account opening
- To earn $2,000, you’ll need to have a minimum deposit and minimum balance of $300,000 and above within 20 days of your account opening
- Maintain your balance for 60 consecutive calendar days after the 21st day from account opening
- If your balance falls to a lower tier at any point during the maintenance period, the bonus changes
When you’ll receive the money: The bonus will be paid within 30 days after you successfully complete all required activities.
Citi Priority
Bonus amount: Up to $2,000
Expiration date: January 9, 2024
Who qualifies: You qualify as long as you haven’t had a Citi checking account in the last 180 days and you’re 18 years old.
What you need to do:
- Open an eligible account by January 9, 2024
- To earn $200, you’ll need to have a minimum deposit and minimum balance of $10,000 to $29,999 within 20 days of your account opening
- To earn $500, you’ll need to have a minimum deposit and minimum balance of $30,000 to $74,999 within 20 days of your account opening
- To earn $1,000, you’ll need to have a minimum deposit and minimum balance of $75,000 to $199,999 within 20 days of your account opening
- To earn $1,500, you’ll need to have a minimum deposit and minimum balance of $200,000 to $299,999 within 20 days of your account opening
- To earn $2,000, you’ll need to have a minimum deposit and minimum balance of $300,000 and above within 20 days of your account opening
- Maintain your balance for 60 consecutive calendar days after the 21st day from account opening
- If your balance falls to a lower tier at any point during the maintenance period, the bonus changes
When you’ll receive the money: The bonus will be paid within 30 days after you successfully complete all required activities.
Huntington Bank Unlimited Plus Business Checking
Bonus amount: $1,000
Expiration date: September 7, 2023
Who qualifies: You must be a new business checking customer residing in Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin. You aren’t eligible if you’re an existing Huntington business customer or have closed a Huntington business account in the last six months.
What you need to do:
- Open an eligible account by September 7, 2023, on the promotional page
- Deposit at least $20,000 of new money in the first 30 days
- Maintain a $20,000 balance for 60 days after depositing the initial cumulative amount
- Keep the account open for at least 90 days
When you’ll receive the money: You should get the money within 14 days of meeting the requirements.
Huntington Bank Platinum Perks Checking
Bonus amount: $600
Expiration date: October 7, 2023
Who qualifies: You must open a new Huntington Bank customer to qualify.
What you need to do:
- Open a new account by October 7, 2023
- Deposit at least $25,000 within 60 days of opening your account and maintain a $25,000 account balance for 90 days
When you’ll receive the money: The money will be deposited into your checking account within 14 days after you meet the requirements.
PNC Treasury Enterprise Plan and PNC Analysis Business Checking
Bonus amount: $500
Expiration date: September 30, 2023
Who qualifies: All signers on the account must be new PNC business checking customers. No signers can have closed a PNC business checking account in the last 90 days or received a PNC promotional bonus in the last 12 months. You’re only eligible for the bonus if your annual business revenue is under $5 million. Your checking account statement cycle must be monthly, so you can’t receive statements daily, weekly, or quarterly. Even if you open multiple PNC business checking accounts, you’re only eligible for one bonus.
What you need to do:
- Open an eligible account by September 30, 2023, by requesting a coupon online
- Maintain a $30,000 average ledger balance for the first three statement cycles
When you’ll receive the money: The $500 will be deposited into your account within 90 days of your meeting the requirements.
BMO Harris Premier Account
Bonus amount: $500
Expiration date: September 15, 2023
Who qualifies: You’re not eligible if you’re already a BMO Harris personal checking customer or if you’ve closed a personal BMO checking account in the last 12 months.
What you need to do:
- Open an eligible account by September 15, 2023; open at a branch, over the phone, or online via the digital offer page; if you want to open an account in person or over the phone, visit the offer page to enter your email address for the promo code
- Receive at least $7,500 in direct deposits in the first 90 days
When you’ll receive the money: You’ll get the $500 bonus roughly 100 days after opening the account.
U.S. Bank Smartly® Checking
Bonus amount: up to $500 (earn up to $1,000 total if you open Smartly Checking and Standard Savings accounts at the same time)
Expiration date: September 6, 2023
Who qualifies: You must open a new U.S. Bank Smartly Checking account online. You won’t be eligible if you currently have a U.S. Bank checking account, owned a U.S. Bank checking account in the last six months, or you received a bonus from a U.S. Bank checking account in the last two years. You’re eligible if you live in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, or WY.
What you need to do:
- Open a new account by September 6, with a minimum opening deposit of $25 and using the promotional page; if you open it anywhere other than the promotional page, use the code 2023JUL.
- Enroll in online banking or the U.S. Bank mobile app within the first 90 days of getting the account
- Make two or more direct deposits totaling $5,000 to $9,999.99 to earn $300, or $10,000 or more to earn $500
When you’ll receive the money: The money will be deposited into your checking account within 60 days of meeting the requirements.
U.S. Bank Standard Savings Account
Bonus amount: up to $400 (earn up to $1,000 total if you open Smartly Checking and Standard Savings accounts at the same time)
Expiration date: September 6, 2023
Who qualifies: You must open a new U.S. Bank Standard Savings account online. You won’t be eligible if you currently have a U.S. Bank savings or money market account, owned a U.S. Bank savings or money market account in the last six months, or you received a bonus from a U.S. Bank savings or money market account in the last two years. You’re eligible if you live in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, or WY.
What you need to do:
- Open a new account by September 6, with a minimum opening deposit of $25 and using the promotional page; if you open it anywhere other than the promotional page, use the code 2023JUL.
- Make new money deposit(s) totaling $25,000 to $49,999.99 to earn $200, or $50,000 or more to earn $400 by September 30, 2023
- Maintain that balance until March 31, 2024
When you’ll receive the money: The money will be deposited into your account within 30 days of verifying your savings balance.
Huntington Bank Perks Checking
Bonus amount: $400
Expiration date: October 7, 2023
Who qualifies: You must open a new Huntington Bank customer to qualify.
What you need to do:
- Open a new account by October 7, 2023
- Make a qualifying direct deposit within 60 days of opening your account and maintain a $1,000 account balance for 90 days
When you’ll receive the money: The money will be deposited into your checking account within 14 days after you meet the requirements.
Huntington Bank Unlimited Business Checking
Bonus amount: $400
Expiration date: September 7, 2023
Who qualifies: You must be a new business checking customer residing in Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin. You aren’t eligible if you’re an existing Huntington business customer, or have closed a Huntington business account in the last six months.
What you need to do:
- Open a new account by September 7, 2023, using the promotional page
- Deposit at least $5,000 of new money in the first 60 days
- Keep the account open for at least 90 days
When you’ll receive the money: You should get the money within 14 days of meeting the requirements.
PNC Bank Virtual Wallet®
Bonus amount: $100 to $400
Expiration date: October 31, 2023
Who qualifies: This offer is only available in markets where there are PNC branches. You and any signer on the account must be a new PNC checking customer. You aren’t eligible if you’ve closed a PNC checking account in the last 90 days or received a PNC promotional offer in the last 24 months.
What you need to do:
- By October 31, 2023, open a PNC Bank Virtual Wallet to earn a $100 bonus, PNC Virtual Wallet with Performance Spend to earn $200, and PNC Virtual Wallet with Performance Select to earn $400; you must apply online to qualify
- Receive a qualifying direct deposit within the first 60 days
When you’ll receive the money: The money will be deposited into your account 60 to 90 days after you meet the requirements.
Capital One 360 Checking
Bonus amount: $350 bonus
Expiration date: October 18, 2023
Who qualifies: You aren’t eligible if you already have a 360 Checking, Total Control Checking, Simply Checking, or Money Teen Checking account, either as a primary or secondary holder. You also cannot have had one of these accounts on or after January 1, 2021.
What you need to do:
- Open an account online with the promo code BONUS350 by October 18
- Complete two direct deposits (each must be for $250 or more) within 75 days of opening the account
When you’ll receive the money: The money will be deposited into your account within 60 days after you complete the requirements.
Chase Business Complete Checking
Bonus amount: $300
Expiration date: October 19, 2023
Who qualifies: You’re not eligible if you’re already a signer on a Chase business checking account, government agencies or entities (local, state, or federal), not for profit organizations, political action committees, or a campaign account. You cannot have closed a Chase account in the last 90 days, or have closed a Chase account with a negative balance within the last three years. You won’t qualify if you’ve received another Chase sign-up bonus in the last two years.
What you need to do:
- Open an eligible account by October 19, 2023; visit the Chase business checking offer page to enter your email address and receive an email with the promo code
- Deposit at least $2,000 of new money within 30 days of opening the account
- Maintain your new money balance in the account for at least 60 days after opening the account
- Complete five qualifying transactions within the first 90 days
When you’ll receive the money: Chase will deposit the money into your account within 15 days of your completing the requirements.
BMO Harris Smart Advantage Checking Account and BMO Harris Smart Money
Bonus amount: $300
Expiration date: September 15, 2023
Who qualifies: You’re not eligible if you’re already a BMO Harris personal checking customer or if you’ve closed a personal BMO checking account in the last 12 months.
What you need to do:
- Open an elgible account by September 15, 2023, submitted and approved by 9:00 p.m. CT; open at a branch, over the phone, or online via the digital offer page; if you want to open an account in person or over the phone, visit this page to enter your email address for the promo code
- Receive at least $4,000 in direct deposits in the first 90 days
When you’ll receive the money: You’ll get the $300 bonus roughly 100 days after opening the account.
Business Premium Savings
Bonus amount: up to $300
Expiration date: September 30, 2023
Who qualifies: If you have been a primary owner of an Axos Bank or Axos Bank for Nationwide account in the last 12 months, you are not eligible for the bonus. You can only earn one business premium savings account bonus per year.
What you need to do:
- Open an eligible account using the code “NEWBPS”
- Fund the account within 60 days of opening it
- Earn $50 for each statement cycle during which you maintain an average daily balance between $20,000 and 49,999.99 or earn $100 for each statement cycle during which you maintain an average daily balance of $50,000 or greater (a maximum of three payouts can be earned during your first four statement cycles)
When you’ll receive the money: The bonus will be deposited into your account within 10 business days following the end of the statement cycle in which the balance requirement was met. Your account must be open and in good standing at the time the bonus is paid to be eligible to receive the bonus and your Small Business Checking account must remain open for 120 days or an early closure fee of up to $300 may apply.
TD Bank Beyond Checking Account
Bonus amount: $300
Expiration date: September 30, 2023
Who qualifies: You must be a new TD Bank customer to qualify.
What you need to do:
- Open a new account
- Receive at least $2,500 in qualifying direct deposits within 60 days of opening the account
- Keep your account open for at least 6 months
When you’ll receive the money: The money will be deposited into your account around 180 days after opening the account.
Laurel Road Linked Checking℠ and Laurel Road Loyalty Checking Account
Bonus amount: $300
Expiration date: January 8, 2024
What you need to do:
- Open an eligible account by January 8, 2024; because Linked Checking is tied to your refinanced student loans, you’ll need to open this account at the same time as refinancing your student loan with Laurel Road
- Make qualifying direct deposits of $2,500 or more in the first 60 days
When you’ll receive the money: The $300 should hit your account within 60 days of your meeting the requirements. Note: You can only earn a bonus with one Laurel Road account, not both.
Wells Fargo Everyday Checking Account
Bonus amount: $300
Expiration date: September 26, 2023
Who qualifies: You must be a new Wells Fargo checking account customer. You aren’t eligible if you’ve received a Wells Fargo checking bonus in the last 12 months, and you can’t be a Wells Fargo employee.
What you need to do:
- Open an eligible account by September 26, 2023
- To open online, visit the bonus page; to open the account in a branch, enter your email address on the bonus page and Wells Fargo will email you a promo code to give at the branch.
- Receive at least $1,000 in direct deposits in the account within 90 days of opening it
When you’ll receive the money: After the initial 90-day period ends, the money will appear in your account within 30 days.
Axos Bank Rewards Checking
Bonus amount: $300
Expiration date: December 31, 2023
Who qualifies: You must open an eligible account.
What you need to do:
- Open an Axos Bank Rewards Checking Account by December 31, 2023, using the promo code “SUNNYBONUS”
- Receive at least $7,000 in direct deposits in each calendar month during the first seven calendar months your account is open (including the month when you opened the account)
- Maintain a minimum average daily balance of $15,000 or more from September 2023, through March 2024, during the seven statement cycles
- A maximum of six payouts of $50 for each calendar month that the account is receiving the direct deposit
When you’ll receive the money: The money will be deposited into your checking account within 10 business days following the end of the statement cycle in which the direct deposit requirement was met. You must keep your account open for at least 210 days or you’ll have to pay an early closure fee of up to $300.
SoFi Checking and Savings
Bonus amount: up to $250 with qualifying direct deposit for eligible customers (through 12/31/2023)
Expiration date: December 31, 2023
Who qualifies: If you’re a new customer, set up an account and enroll in direct deposit. You’re also eligible as an existing customer if you haven’t already set up direct deposit.
What you need to do:
- Once you’ve opened your account, enroll in direct deposit
- Receive qualifying direct deposits within the 25-day evaluation period
- If direct deposits equal $1,000 to $4,999.99, you’ll receive a $50 bonus
- If direct deposits come $5,000 or more during the evaluation period, you’ll receive a $250 bonus
- Keep in mind, the 25-day evaluation period won’t go beyond the promotion period expiration date
When you’ll receive the money: The bonus will show up in your account within seven business days after the 25-day evaluation period ends.
Ally Spending Account
Bonus amount: $200
Expiration date: November, 30, 2023
Who qualifies: You must be a new customer. Ally defines a new customer as someone who doesn’t currently have an Ally Spending Account or someone who hasn’t owned the account in the last 12 months. You also won’t be eligible for this cash bonus if you’ve received another cash bonus from Ally in the last year that involves a qualifying direct deposit.
What you need to do:
- Open an Ally Spending Account online using the bonus code and deposit any amount in the first 30 days
- Set up a qualifying direct deposit and receive payments totaling $1,500 or more within the first 90 days
- Keep your account open and maintain good standing 30 days after you’ve received the qualifying direct deposit
When you’ll receive the money: You should see the money in your account within 30 days after you’ve received the qualifying direct deposit.
Bank of America Business Fundamentals Checking
Bonus amount: $200
Expiration date: December 31, 2023
Who qualifies: You must be a new Bank of America business banking customer. You cannot have been an owner or signer on a Business Advantage Checking Account in the last 12 months. Bank of America employees don’t qualify.
What you need to do:
- Open an eligible account by December 31, 2023
- You must open an account online; visit the business checking offer page to get started
- Deposit at least $5,000 of qualifying new money into your account within 30 days of opening the account
- Maintain an average balance of at least $5,000 for the next 60 days, or days 31 through 90
When you’ll receive the money: You should see the money in your account within 60 days after the 90-day maintenance period. The Bank of America website states that if they can’t deposit the money directly into your account, you will receive a check.
PNC Business Checking and PNC Business Checking Plus
Bonus amount: $200
Expiration date: September 30, 2023
Who qualifies: All signers on the account must be new PNC business checking customers. No signers can have closed a PNC business checking account in the last 90 days or received a PNC promotional bonus in the last 12 months. You’re only eligible for the bonus if your annual business revenue is under $5 million. Your checking account statement cycle must be monthly, so you can’t receive statements daily, weekly, or quarterly. Even if you open multiple PNC business checking accounts, you’re only eligible for one bonus.
What you need to do:
- Open an eligible account by September 30, 2023, by requesting a coupon online
- Maintain a $5,000 average ledger balance for the first three statement cycles
- Make 20 qualifying transactions with your PNC Visa Business Credit Card in the first three statement cycles
When you’ll receive the money: The $200 should hit your account within 90 days of your meeting the requirements.
Chase Total Checking®
Bonus amount: $200
Expiration date: October 18, 2023
Who qualifies: New personal checking account customers.
What you need to do:
- Open an eligible account with a coupon code
- Set up direct deposit within 90 days after enrolling
When you’ll receive the money: You’ll receive the $200 within 15 days.
TD Bank Convenience Checking Account
Bonus amount: $200
Expiration date: September 30, 2023
Who qualifies: You must be a new TD Bank customer to qualify.
What you need to do:
- Open an eligible account
- Receive at least $500 in qualifying direct deposits within 60 days of opening the account
- Keep your account open for at least 6 months
When you’ll receive the money: The money will be deposited into your account around 180 days after opening the account.
M&T Bank EZChoice Checking, M&T Bank MyChoice Plus Checking, and M&T Bank MyChoice Premium Checking
Bonus amount: $200
Expiration date: November 30, 2023
Who qualifies: You don’t qualify if you’re already a personal M&T checking account customer, you’ve closed an M&T account in the last 180 days, you’ve received an M&T checking bonus in the last 12 months (unless it was from the Refer Friends Program), or are an employee of M&T or its affiliates.
What you need to do:
- Open an eligible account by November 30, 2023, either online or in a branch, and request a promo code
- Make at least $500 in qualifying direct deposits (including payroll, pension, or Social Security) in the first 90 days
When you’ll receive the money: The $200 will show up in your account within 90 days of completing the requirements.
Axos Bank Basic Business Checking Account and Axos Business Interest Checking
Bonus amount: up to $200
Expiration date: September 30, 2023
Who qualifies: You can only earn one checking account promotion per year. If you have had primary ownership of an Axos Bank or Axos Bank for Nationwide account in the last 12 months, you are not eligible for this bonus.
What you need to do:
- Use promo code “NEWBPS” when opening an account
- Fund your account within 60 days of opening it
- A $25 will be earned for each statement cycle during which the average daily balance is between $5,000 and $9,999.99; $50 will be earned for each statement cycle during which the average daily balance is a minimum of $10,000 or greater ; a maximum of four payouts can be earned during the five statement cycles
When you’ll receive the money: The bonus will be deposited into your account within 10 business days following the end of the statement cycle in which the balance requirement was met. Your account must be open and in good standing at the time the bonus is paid to be eligible to receive the bonus and your Small Business Checking account must remain open for 120 days or an early closure fee of up to $200 may apply. Note: You can only earn one business account bonus with Axos, not both.
Huntington Bank Business Checking 100
Bonus amount: $100
Expiration date: September 7, 2023
Who qualifies: You must be a new business checking customer residing in Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin. You aren’t eligible if you’re an existing Huntington business customer, or have closed a Huntington business account in the last six months.
What you need to do:
- Open an eligible account by September 7, 2023, on the promotional page
- Deposit at least $2,000 of new money in the first 60 days
- Keep the account open for at least 90 days
When you’ll receive the money: You should get the money within 14 days of meeting the requirements.
USAA Classic Checking
Bonus amount: $100
Expiration date: October 10, 2023
Who qualifies: You’re not eligible if you (as the primary account holder) have or had a USAA checking account in the last 12 months. The account also isn’t eligible for the bonus if it’s titled as an estate, trust account, UTMA, or other fiduciary account. Your account must remain in good standing to get the bonus.
What you need to do:
- Open a new account by October 10, 2023
- Receive a qualifying direct deposit of at least $100 in the first 180 days (if you’re a civilian working for the Defense Finance Account Service, this direct deposit would not count)
When you’ll receive the money: The $100 should show up in your account within 60 days of USAA processing your first direct deposit.
Alliant High-Rate Savings Account
Bonus amount: $100
Expiration date: December 31, 2023
Who qualifies: You must be a new Alliant Credit Union member. You also cannot have closed an Alliant savings account within the last 180 days.
What you need to do:
- Open an account on the Ultimate Opportunity Savings promotion page by December 31, 2023
- Deposit a minimum of $100 per month into the account for 12 consecutive months
- Maintain a minimum average daily balance of $100 throughout the 12 months
- Have a balance of at least $1,200 at the end of the 12-month period
When you’ll receive the money: The $100 will show up in your account within four weeks after the 12-month period.
Chase Secure Banking℠
Bonus amount: $100
Expiration date: October 18, 2023
Who qualifies: You must be a new checking account customer.
What you need to do:
- Open an account by accessing a coupon online
- Make 10 transactions during the first 60 days
When you’ll receive the money: You’ll get the money deposited into your account 15 days after you’ve completed 10 transactions.
Chase College Checking℠
Bonus amount: $100
Expiration date: October 18, 2023
Who qualifies: This account is for college students ages 17 to 24. You cannot already be a Chase checking customer, have closed a Chase account in the last 90 days, or have closed a Chase account with a negative balance within the last three years. You won’t qualify if you’ve received another Chase sign-up bonus in the last two years.
What you need to do:
- Open an account by October 18, 2023, on the promotion page
- Complete 10 qualifying transactions (including debit card purchases, online bill payments, Zelle, Chase QuickDeposit, or ACH credits) within 60 days
When you’ll receive the money: The $100 will be deposited into your account within 15 days after you complete the qualifying transactions
American Express Business Checking
Bonus amount: 30,000 Membership Rewards® points after qualifying activities
Expiration date: Welcome bonus may change or end at any time.
Who qualifies: You must be an American Express® Basic Card Member with an American Express consumer or business credit card. Note that you won’t be eligible if you have a American Express® Rewards Checking Account.
What you need to do:
- Open an eligible account
- Deposit $5,000 or more within the first 30 days of opening your account
- Maintain an average daily account balance of $5,000 or more for at least 60 days
- Make five or more qualifying transactions within 60 days of opening your account
When you’ll receive the points: The money will be deposited into the Membership Rewards Program Account linked to your business checking account within eight to 12 weeks after you fufill the requirements.
Bask Bank Mileage Savings Account
Bonus amount: up to 5,000 bonus AAdvantage® miles
Expiration date: November 30, 2023
Who qualifies: New Bask Mileage Savings Account customers are eligible.
What you need to do:
- Open a Bask Bank Mileage Savings Account between September 1 and November 30 and fund your account in the first 15 days
- Maintain a minimum daily balance of $25,000 for 90 consecutive days and 120 days following the account opening
- Provide an AAdvantage account number
When you’ll receive the miles: Bask Bank will award your miles within 10 business days after you’ve met the qualifications, but it could take six to eight weeks for the miles to post to your AAdvantage® account.
Why You Should Trust Us: Experts’ Advice on the Best Bank Account Bonuses
Chay Thawaranont/Insider
We consulted banking and financial planning experts to inform these picks and provide their advice on finding the best bank account bonus for your needs.
Here’s what they had to say about bank account bonuses. (Some text may be lightly edited for clarity.)
What should I look for in a checking account bonus?
Mykail James, MBA, certified financial education instructor, BoujieBudgets.com:
“If you are using this bank as your main spending account, then you know that you will have less conflict with depositing money in there. It may be beneficial to look at specific things that are getting bonuses, specifically direct deposit.”
Sophia Acevedo, certified educator in personal finance, banking reporter, Personal Finance Insider:
“I would consider how much money is needed to obtain the bonus. Some banks may have several bonuses available, where you’ll earn bigger bonuses for a higher account balance or direct deposit. See if a particular bonus is right for you and you’re not going out of your way to qualify for it.”
What should I look for in a savings account bonus?
Mykail James, MBA, CFEI:
“If it’s a savings account, and you know that you have a lump sum of money that you want to put into a bank that has maybe a better rate, look at what the benefit is for putting a larger sum of money into that bank account.”
Sophia Acevedo, CEPF:
“I would still pay attention to other factors that I would consider when opening a savings account, like monthly service fees or minimum balance requirements. You’ll want to look at more than just the bonus.”
Betterment Cash Reserve Account
New Customer Offer: Earn 5.50% (variable) APY* when you open your first cash account with qualifying deposit
American Dollar Exchange Rate