Banks are no stranger to customer incentives—after all, they need your business in order to operate. By opening a savings account, you automatically become more eligible for credit cards, savings accounts, car loans, and other bank services.
If you were thinking about opening a new account, now is the right time. Physical banks are moving online, which means that the cost of maintaining a brick-and-mortar facility can go right back into your pocket. “Because banks need giant piles of cash on hand, they need to offer the rest of us incentives to choose their FDIC-insured bank over someone else's,” says The College Investor. Many banks are willing to pay customers $500 or more in bonuses just to open an account with them. Make sure to take advantage of these offers while they last. Here are some of the most lucrative bank account bonuses.
Chase Savings ($150)
If you’re looking for a decent sign-up bonus without a significant financial commitment, Chase Savings might be the account for you. After signing up either in person or online, you are eligible for a $150 bonus upon depositing $10,000 within the first 20 business days of opening your account. In order to circumvent the $5 monthly maintenance fee, make sure your daily balance is above $300, and verify that the account is linked to a regular direct deposit. Chase is by far one of the easiest and most practical banks with a sign-up bonus.
Chase Total Checking ($200)
Chase offers another simple sign-up bonus for its customers. Put in the time and research, and you’ll find that banks are willing to fork over the big bucks for your business. To receive the $200 Chase Total Checking bonus, the only things you’ll have to do is open a new account, deposit at least $25, and set up a direct deposit within 90 days. “You must have a qualifying direct deposit into the account within 90 days of opening the account,” states NerdWallet. “The account must remain open for six months or the bonus will be deducted at account closing.” The money will appear in your account within 10 business days.
Discover Cashback Checking (Up To $360 Annually)
The Discover Cashback Checking bonus is one of the most straightforward and uncomplicated bonuses to acquire. To qualify, all you have to do is open an account, deposit any amount of money, and use your debit card to make daily purchases. You can make up to $36,000 per year through the 1% cash back policy on purchases up to $3,000 per month. The money earned will return right to your checking account. There’s no fine print, here—take advantage of this fantastic offer while it’s still available.
Citibank Checking/Savings Account Package ($500)
For anyone who meets the financial requirements to sign up for a checking/savings account package, Citibank will toss them $500. This is one of the heftiest sign-up bonuses available without a sky-high minimum deposit requirement. Citibank will give you the first $400 after you open the checking/savings account package and deposit $15,000 into the account within the first 30 days of signing up. If the money is left untouched for 60 days and a direct deposit hits either account for two consecutive months, you will be credited an additional $100, making for a grand total of $500 in sign-up bonuses.
HSBC Premier Checking ($750)
HSBC is offering customers the highest sign-up bonuses on the market. According to True Activist, “This bank actually offers a variety of bonuses, including a $200 for a new Choice Checking Account, $350 for a mid-tier Advance Checking Account, and the biggest bonus at $750 for an HSBC Premier Checking account.” If you open a new Premier Checking account and deposit $100,000 into any checking, savings, or investment account within the first 30 days of signing up, HSBC will compensate you with $750. It takes money to make money, after all.
Benefits of Online Banking
Why is online banking better than brick-and-mortar? Online banking makes dealing with the bank easy. You can do it anytime, anywhere. There’s nothing better than completing a task without setting foot outside your house. Without the obstacle of a physical facility, banks can spend more on acquiring the business of new customers. Start your search for cash incentives with online banks like Ally, Capital One, and PNC Bank.
There are plenty of bonuses available and waiting to dive straight into your checking account. Sign up for a new account and take advantage of the opportunity.
https://thecollegeinvestor.com/22636/bank-bonus-offers/#tab-con-6
https://www.trueactivist.com/banks-that-pay-you-cash-to-open-an-account-t2/3/?utm_source=google&utm_medium=referral&utm_campaign=G-US-t2-ta-BanksPayCash-USAd
https://www.nerdwallet.com/blog/banking/best-bank-bonuses-promotions/#chase