When you find a solid savings or checking account, chances are, you’ll get comfortable with your bank – and you’ll never want to switch – unless you are eyeing one of the best bank account bonuses that could help pad your new account.
By staying with one bank your whole life, you’re missing out on some very attractive checking and savings account offers. I’m talking generous cash bonuses, which you could get just for opening a checking or savings account (or both!).
Whether you’re interested in what the best checking account offers are, or what rewards you could get for opening a new savings account – read on, because, in this post, I’m sharing the ultimate best bank account bonus offers right now.
Best Bank Promotions & Bonus Offers of December 2022
Here are the best bank bonuses available right now:
- U.S. Bank: $300 bonus
- Citi Priority: $2,000 bonus
- Chase Total Checking: Up to $200 bonus
- Fifth Third Bank: $250 bonus
- TD Bank: $300 bonus
- Wells Fargo Bank: $200 bonus
- Discover: $200 bonus
- HSBC Bank: $500 bonus
- Bank of America: $100 bonus
- Capital One Referral Offers: Up to $100 bonus
1. U.S. Bank Smartly™ Checking – $300 Bonus
You can earn a $300 sign-up bonus with the new U.S. Bank Smartly™ Checking account when you open a new account and make $5,000+ in direct deposits in the first 60 days from account opening.
You’ll need to use the correct promo code, which is auto-applied at the link below.
U.S. Bank frequently has signup bonuses, and this one is comparable to previous ones, so take advantage of it while you can.
Keep in mind that you’ll need to live in a state where they have a branch to qualify. This offer is only available to residents in the following states: 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
How To Qualify:
To qualify, have direct deposits of at least $5,000 into your new account within the first 60 days.
2. Chase Total Checking – $200 Bonus
New customers who open a Chase Total Checking accounts can earn a $200 sign-up bonus when you setup direct deposit within 90 days!
This account does have a monthly service fee – but you can avoid paying that if you know how to play by the rules. With Chase Total Checking account, either receive direct deposits totaling $500 per monthly statement period, maintain a balance of $1,500 or more at the beginning of each day or an average beginning day balance of $5,000 in any combination of this account as well as linked Chase checking, savings, or other balances – and you won’t pay the monthly fee.
How To Qualify:
Open a Chase Total Checking account and set up a direct deposit to qualify for a $200 bonus. Sounds pretty awesome, right?
3. Citi Priority – $500 Bonus (up to $2,000)
New customers who open a Citi Priority Account can earn up to a $2,000 sign-up bonus when you deposit new money within 20 days!
You’ll then need to maintain at least that balance for an additional 60 days after the 21st day the account was opened.
This is a tiered bonus based on the amount you’re able to deposit and maintain in your new account. $10,000 in new funds will earn you $200; $30,000 in new funds will earn you $500; $75,000 will earn you $1,000; $200,000 will earn you $1,500; or $300,000+ will earn you the full $2,000.
How To Qualify:
Open a Citi Priority account and deposit new money to qualify for a $200 – $2,000 bonus. Sounds pretty awesome, right?
4. Fifth Third Bank Momentum Checking – $250 Bonus
You can earn a $250 sign-up bonus with the Fifth Third Momentum® Checking account when you open a new account and make $1,000 in direct deposits in the 90 days from account opening.
You’ll need to get your personalized promo code, found at the link below.
Fifth Third isn’t known for offering a lot of bonuses, and certainly not this high, so take advantage of it while you can.
Keep in mind that you’ll need to live in a state where they have a branch to qualify. This is limited to: FL, GA, IL, IN, KY, MI, NC, OH, SC, TN, and WV
How To Qualify:
To qualify, deposit at least $25 into your new account, then receive at least $1,000 worth of qualifying deposits within 90 days.
5. TD Bank Beyond Checking – $300 Bonus
You can earn a $300 sign-up bonus with the TD Beyond Checking account when you open a new account and make $2,500 in direct deposits in the 60 days from account opening.
With TD Bank, you get access to approximately 1,300 free ATMs in the U.S. and get reimbursed for fees from other ATMs if you maintain a minimum daily balance of $2,500.
There is a monthly maintenance fee of $25, but you can go fee-free if you set up a monthly direct deposit of $5,000 or more, or maintain a daily balance of at least $2,500, or have a $25,000 combined balance across eligible TD accounts.
With TD Bank, you’ll also earn interest on your checking account. It may be small (up to 0.05% APY) – but that still means your money is growing. It could add up, especially if the amount you deposit into your account is quite substantial.
TD Bank often offers very attractive combined bonuses, too – for example, previously you could get up to $500 for opening a TD Beyond Checking account and a TD Preferred Savings account. The offer ended in August, but make sure you keep an eye out for new combo deals.
How To Qualify:
To qualify, deposit $25 into your new account, then receive at least $2,500 worth of qualifying deposits within 60 days.
6. Wells Fargo Everyday Checking – $200 Bonus
Wells Fargo is rewarding new customers with a limited time $200 bonus for opening a new consumer checking account.
The account can be opened in a few easy steps online, which is a bonus if you prefer an online experience over visiting a bank branch.
The account does come with a $10 monthly service fee, which can be avoided if you meet any of the following requirements:
- Qualifying direct deposits totaling $500
- Have a $500 minimum daily balance
- Have a linked Wells Fargo Campus Debit Card or Campus ATM
- Must be 17 to 24 years old
How To Qualify:
To qualify for the Wells Fargo Bonus Offer, you will need to open an account with at least $25. You will also need to receive a total of $1,000 or more in qualifying direct deposits within 90 days of opening your account.
7. Discover Online Savings Account – $200 Bonus
Discover is one of the best online banks. If you’re looking for a solid national bank to store your cash, the Discover Online Savings account is a great place to do so. Plus you’ll get access to 60,000 ATMs. This is an interest-earning account at 3.00% APY.
You can get a $200 bonus just by signing up and completing the offer requirements listed below.
How To Qualify:
Once approved using promocode GOBP622, you will have 30 days to transfer a total minimum amount of $15,000 in new money to earn $150 or $25,000 to earn $200.
8. HSBC Premier Checking – $500 Bonus
To receive up to a whopping $500 welcome bonus, you may want to consider becoming a customer of HSBC. HSBC is offering excellent cash bonuses for opening an HSBC Premier Checking account before February 15, 2023.
You can earn $500 if you open an HSBC Premier Checking account and complete recurring Direct Deposits of at least $10,000 from a third party to the HSBC Premier checking account each month for 3 consecutive months from the second month of account opening.
You’ll get your bonus approximately eight weeks after completing these qualifying activities.
This account comes with no foreign transaction fees and no ATM fees – but a monthly fee may apply if you don’t meet the requirements above, so before you do apply for one of these accounts, make sure you can meet them.
How To Qualify:
To qualify for the HSBC Premier Checking bonus – make recurring Direct Deposits of at least $10,000 from a third party to the HSBC Premier Checking account per month for 3 consecutive months from the second month of account opening.
9. Bank of America – $100 Bonus
If you’re looking for a no-fuss way to qualify for a sign-up bonus, Bank of America offers just that.
Open a new checking account by December 31, 2022, and set up + receive at least two qualifying direct deposits of $1,000 within the first 90 days of account opening. And – voila – the $100 bonus is yours!
The offer is only valid to new Bank of America checking account customers, so if you already have a checking account with the bank, you won’t qualify.
How To Qualify:
To qualify, open a Bank of America Advantage Banking account by December 31, 2022, and set up and receive two or more qualifying direct deposits of $250 or more within the first 90 days of account opening
10. Capital One Bonus Offers – Up to $100 Bonus (expired)
Capital One offers sweet cash bonuses to new customers that open one of the accounts below:
- Earn up to a $100 bonus for opening a Capital One 360 Performance Savings Account – and depositing money into it. Depositing between $250 and $9,999.99 into your new savings account will guarantee a $25 bonus while depositing $10,000 or over will earn you $100.
- Get a $25 bonus for opening a Capital One 360 Checking Account with a minimum deposit of $250. You will also need to make at least three debit card purchases (or Person2Person payments) within 45 days of opening your account. Your bonus will then be transferred to your account on day 50!
The good thing about these accounts is that there are no maintenance fees nor minimums – although to qualify for the bonuses, you will need to move some money around.
Bear in mind that your bonus is only valid for one account, so you actually can’t open both and get a $125 bonus according to the T&Cs, which is a bit of a shame.
How to Qualify:
To receive this bonus, open a new 360 Performance Savings account and deposit $250 or more into your new account ($10,000 or more if you’re after the big bucks!) or open a 360 checking account and deposit $25 or more and make at least three debit card purchases
How to Choose the Best Bank Promotion For You
Checking and savings account offers aside, the bank you choose should tick more than just the new account bonus box.
There are so many options to choose from that finding the one bank that is the absolute best option for your financial needs is becoming more difficult.
However, it’s not impossible! Make sure you do your research and look beyond the sign-up bonus. And be sure to make sure you can qualify for the bonus. Sometimes the direct deposit requirements are pretty high.
There’s so much more to get excited about when you’re thinking about switching banks — things like excellent interest rates, no monthly maintenance fees, or quick and free access to thousands of ATMs.
Think about what’s important to you:
- Being able to bank on the go with a top-rated app?
- Ability to speak to a representative face-to-face when you have questions?
- You’d like to only use one financial institution for all your financial needs – such as a checking account, a savings account, and perhaps even investments?
- Maybe you want a bank with ATMs everywhere you go?
Thinking about the features that are important to you will help make sure you pick the bank provider that’s right for you. That way, you’ll be making sure that the work you put in earns you not just the bonus – but also a solid banking experience in the long run.
Online Banks and Credit Unions
Your best option for a bank may not be a national bank. More and more online banks have personal checking accounts which could give an online bank the muscle you need in an everyday bank.
Online banks tend to have high-yield savings accounts and money market accounts that pay higher rates of return on your savings.
Finding an ATM will be harder with most online-only banks, but several banks reimburse ATM fees when you need to use another bank’s machine. Be sure to find out how many reimbursements you can get during each statement cycle.
Account holders at many online banks like to have accounts at a local national bank or credit union, too. This way you could connect your local and online banks, making transfers more seamless.
For example, you could make a cash deposit through your local bank or credit union and then transfer the money into your online savings account.
Of course, make sure any bank — local or online — has FDIC protections in place.
Didn’t See a Bonus Offer For You? These Banks Run Frequent Bonuses
Not all of these banks run bank offers all the time, so they may not appear on my list above right now.
But if you’d like to shop for bonuses before opening a deposit account, you may be able to find bonuses with these banks:
- CIT Bank Promotions – I especially like the CD laddering you can get any time at this online bank.
- Citibank Promotions – Not connected to CIT Bank; a huge financial institution with branches and ATMs everywhere. Look for the Citi Priority Account Package account promotion.
- Chase Bank Promotions – A full-service bank with branches and ATMs all over.
- US Bank Promotions – US Bank is the 5th largest bank in the US.
- Bank of America Promotions – BOA offers numerous promotions and extra perks for account holders.
- TD Bank Promotions – Checking and savings accounts often come with a nice sign-up bonus.
- PNC Bank – Virtual Wallet helped pioneer online banking way back when. Look for bonuses when you open a Performance Spend or Performance Select checking account.
- Huntington Bank – the Huntington 5 checking offers come up once in a while. Anyone can open an account, but the bank’s footprint covers states like Illinois, Michigan, Ohio, and Pennsylvania, West Virginia and Indiana.
- (Truist) SunTrust – Another bank with a regional footprint (in Florida, Texas, and other Sun Belt states). The Essential Checking Account runs bonus offers from time to time. SunTrust and BB&T have merged to become Truist.
- American Express – It’s not just a credit card anymore. American Express Bank is great for online savings.
- Discover Bank – Another staple of the credit card industry with a solid online bank.
- Fifth Third Bank – great for business checking accounts.
- BMO Harris – a good combination online/in-person options in states with locations that include Illinois, Indiana, Arizona, Missouri, Minnesota, Kansas, Florida, and Wisconsin.
- Chime – a simple option for millennials.
- Ally – full-service but online.
- Citizens Bank – An East Coast option that also excels with private student loans.
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