Best Checking Account Bonuses

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If you’re reasoning astir opening a caller checking account, now is simply a awesome clip to do so. National and location banks are offering typical incentives to pull caller customers, truthful you tin get hundreds successful rate bonuses.

The magnitude of money you tin gain and nan requirements to get nan prize alteration by bank, truthful we researched existent promotions to place nan champion checking relationship prize offers disposable now. 

Best Checking Account Bonuses of 2024

Chase : Chase Total Checking - $300

Courtesy of Chase Bank

  • Bonus Amount: $300
  • Promotion Expiry: July 24, 2024
  • Qualifications: Direct deposit

How to Get nan Bonus

  1. Open a caller checking relationship pinch nan coupon code. You tin do this online via nan promotion connection page to make judge nan correct coupon codification is applied to your application. Alternatively, you tin participate your email reside to person a coupon you tin bring pinch you to a Chase branch if you want to unfastened an relationship successful person. 
  2. Set up nonstop deposit. You’ll person 90 days to person nonstop deposits totaling astatine slightest $500 into your relationship successful bid to gain nan bonus. Direct deposits could see paychecks from your employer aliases authorities benefits, but they don’t see transfers betwixt different group aliases slope accounts.
  3. Wait for nan bonus. After you group up nonstop deposit, Chase will deposit nan prize to your caller checking relationship wrong 15 days. 

Bonus Restrictions and Account Fees

  • Not disposable if you presently person a Chase checking account
  • Not disposable if you antecedently had a Chase checking relationship but closed it wrong nan past 90 days, aliases closed it wrong nan past 3 years while you had a antagonistic relationship balance
  • Not disposable if you already earned different checking relationship prize from Chase wrong nan past 2 years
  • Chase Total Checking comes pinch a $12 monthly fee, but you tin person it waived if you meet 1 of 3 requirements each month: person $500 aliases much successful physics deposits, a $1,500 equilibrium astatine nan commencement of each day, aliases an mean regular equilibrium of $5,000 crossed each of your linked Chase checking and savings accounts, if you person others.
  • Chase Bank charges ATM fees if you usage a non-Chase instrumentality ($3–$5) and overdraft fees ($34, up to 3 times per day) for definite transactions. Surcharge Fees from nan ATM owner/network still apply.
  • Chase Total Checking besides comes pinch a assortment of different fees, specified arsenic for extremity costs orders ($30), money orders ($5), home ligament transfers (up to $35), and galore more.

BMO : BMO Smart Advantage - $350

BMO Harris Logo Primary

  • Bonus Amount: $350
  • Promotion Expiry: September 9, 2024
  • Qualifications: Direct deposit

How to Get nan Bonus 

  1. Request a promo code. Before opening an account, you must sojourn BMO’s website and petition a promotional code. To get nan code, you must taxable your name, email address, and ZIP code. 
  2. Open a caller account. Open a caller BMO Smart Advantage relationship online aliases by visiting a section branch. You’ll request to supply your address, Social Security number, and employment information; you must participate nan promo codification to suffice for nan bonus. 
  3. Set up nonstop deposit. You must group up nonstop deposit and person astatine slightest $4,000 successful qualifying deposits wrong 90 days of relationship opening. 
  4. Wait for nan bonus. If you meet nan promotion’s requirements, you’ll person nan prize wrong 100 days of nan relationship opening date.

Cash bonuses for opening a caller slope relationship are taxable arsenic income. Depending connected nan bank, you whitethorn person shape 1099-INT aliases 1099-MISC for nan magnitude of nan bonus, and that magnitude must beryllium reported connected your taxation return.

Bonus Restrictions and Account Fees

The connection is constricted to 1 prize per customer, and is not disposable to existing BMO individual checking customers aliases those who person closed a BMO checking relationship wrong nan past 12 months. 

The pursuing minimums and fees use to nan Smart Advantage account: 

  • Minimum opening deposit: $25
  • Monthly fee: $0
  • ATM fee: $3 interest astatine non-BMO ATMs; nary interest astatine BMO and AllPoint ATMs
  • Overdraft fee: $15

SoFi : SoFi Checking/Savings - $300

SoFi

  • Bonus Amount: $50–$300
  • Promotion Expiry: June 30, 2024
  • Qualifications: Direct deposit

How to Get nan Bonus 

  1. Visit nan SoFi website utilizing nan nexus above.
  2. Open a caller SoFi Checking & Savings Account. Start your exertion utilizing nan nexus above.
  3. Set up nonstop deposit. Direct deposits must beryllium from your employer’s payroll aliases benefits work to suffice for nan bonus.
  4. Deposit $1,000 aliases more. Make full qualifying nonstop deposits of $1,000 aliases much successful nan first 25 days to gain a $50 bonus, aliases make full qualifying nonstop deposits of $5,000 aliases much during that aforesaid play to gain a $300 bonus.
  5. Get your bonus. You’ll person nan prize wrong 7 days of finishing nan first 25-day period.

Bonus Restrictions and Account Fees

The prize is disposable to some caller and existing members without a history of nonstop deposit into a SoFi checking aliases savings account. You must beryllium 18 aliases older to unfastened an relationship done SoFi. 

There is nary minimum balance, and SoFi doesn’t complaint monthly aliases overdraft fees. Members tin return retired rate astatine complete 55,000 fee-free ATMs.

TD Bank : TD Beyond Checking - $300

TD Bank

  • Bonus Amount: $300
  • Promotion Expiry: May 31, 2024
  • Qualifications: Direct deposit

How to Get nan Bonus 

  1. Open a caller account. Open a caller Beyond Checking relationship online.
  2. Set up and person nonstop deposits. Receive astatine slightest $2,500 successful nonstop deposits wrong 60 days. 
  3. Wait for nan bonus. The prize is deposited into your relationship wrong 180 days of relationship opening.

Bonus Restrictions and Account Fees

You must beryllium a caller customer to get nan bonus. Those pinch existing accounts aliases those who person had accounts successful nan past 12 months aren’t eligible. 

Each nonstop deposit must beryllium of $250 aliases more, and must beryllium an physics deposit of your paycheck, authorities benefits, aliases pension payments.

The pursuing fees apply: 

  • Monthly attraction fee: $25 (waived nether immoderate of nan pursuing circumstances: You group up nonstop deposits of $5,000 aliases more; you support a regular equilibrium of $2,500 aliases more; you person a mixed equilibrium of $25,000 aliases much successful TD Bank accounts)
  • Overdraft fee: $35 for each point TD Bank pays
  • ATM fee: $0

Axos : Axos Rewards Checking – $300

Axos Bank

  • Bonus Amount: $300
  • Promotion Expiry: June 30, 2024
  • Qualifications: Direct deposit, minimum mean regular balance

How to Get nan Bonus 

  1. Open a caller relationship pinch nan promo code. You tin unfastened an online checking account pinch Axos Bank done its website; it will inquire for your Social Security number and a transcript of your driver’s license. When you unfastened an account, participate nan promo codification connected nan page linked supra to suffice for nan bonus.
  2. Sign up for nonstop deposit. Set up nonstop deposit and person astatine slightest $5,000 successful qualifying deposits each period for 7 almanac months aft relationship opening.
  3. Maintain a minimum balance. You must support a minimum mean regular equilibrium of $7,000 for 7 months.
  4. Receive nan bonus. The $300 prize will beryllium deposited into your relationship wrong 10 business days, pursuing nan past connection rhythm successful which nan equilibrium must beryllium maintained.  

Bonus Restrictions and Account Fees

You tin person conscionable 1 checking relationship promotional connection per twelvemonth from Axos Bank. Your relationship must stay unfastened for astatine slightest 210 days; otherwise, Axos Bank will complaint you up to $300 early closure fee. 

Qualifying nonstop deposits see employer payroll aliases authorities benefits paid done ACH deposit. Other deposits, specified arsenic cheque deposits, are not eligible. 

Axos Bank doesn’t complaint monthly fees, nor does it complaint overdraft fees. It besides features unlimited home ATM reimbursement, truthful you don’t person to interest astir uncovering web ATMs. There is simply a $50 minimum to unfastened an account. 

Wells Fargo : WF Everyday Checking – $300

 Wells Fargo Logo

  • Bonus Amount: $300
  • Promotion Expiry: June 25, 2024
  • Qualifications: Deposit, nonstop deposit

How to Get nan Bonus

  1. Open a caller Wells Fargo checking account. Open nan relationship pinch astatine slightest $25. You tin do this online aliases successful person. To do it successful person, participate your email reside connected nan promotion page. Wells Fargo will email you a coupon codification you tin return pinch you to a branch location. 
  2. Receive astatine slightest $1,000 successful nonstop deposits. You’ll person 90 days to complete this request aft you unfastened nan account. Direct deposits are automatic payments from places for illustration your workplace aliases immoderate authorities benefits you receive—not transfers that you make yourself, specified arsenic from different checking accounts aliases PayPal. To beryllium connected nan safe side, capable retired caller nonstop deposit forms pinch nan group paying you arsenic soon arsenic you can. 
  3. Receive nan prize wrong 30 days. Once you’ve met nan requirements, Wells Fargo will verify everything and past deposit nan prize into your caller account. The slope states that this process tin return up to 30 days. Be alert that accounts pinch zero equilibrium whitethorn beryllium closed, truthful support money successful nan relationship aft gathering nan nonstop deposit requirement.

Bonus Restrictions and Account Fees

  • Not disposable if you already person a Wells Fargo individual checking account, aliases if you earned different prize for opening different Wells Fargo checking relationship wrong nan past year
  • Not disposable if you’re a Wells Fargo employee, aliases if you’re a non-resident alien
  • You can’t harvester this pinch immoderate different Wells Fargo prize offer.
  • Wells Fargo charges galore fees for its accounts, including a monthly work interest ($10), overdraft fees ($35, up to 3 times per day), out-of-network ATM withdrawal fees ($2.50 to $5), ligament transportation fees ($15 to $40), among others. 
  • You tin suffice for a monthly interest waiver if you support astatine slightest $500 successful your caller checking relationship each day, aliases if you person astatine slightest $500 successful nonstop deposits during nan month. 
  • You tin besides suffice for a monthly interest waiver if you’re betwixt nan ages of 17 and 24 aliases if you’re a assemblage student pinch a linked Wells Fargo Campus ATM Card aliases Campus Debit Card. 

Bank of America : BofA Advantage SafeBalance - $200

Bank of America Corporation

  • Bonus Amount: $200
  • Promotion Expiry: May 31, 2024
  • Qualifications: Direct deposit

How to Get nan Bonus 

  1. Open a caller relationship pinch nan connection code. Open a Bank of America SafeBalance Banking relationship utilizing nan connection codification provided connected nan linked page.
  2. Set up nonstop deposits. Set up qualifying nonstop deposits to your caller account.
  3. Receive nonstop deposits. Receive $2,000 worthy of nonstop deposits wrong 90 days of opening your caller account.
  4. Wait for nan bonus. Bonus will beryllium issued wrong 60 days of gathering these requirements.

Bonus Restrictions and Account Fees

  • You’ll request to make a minimum deposit of astatine slightest $25 to unfastened a Bank of America SafeBalance Banking account.
  • Qualifying deposits are deposits of regular monthly income, specified arsenic from a salary, pension, aliases Social Security benefits; teller deposits, ligament transfers, and different deposits don't qualify.
  • Those pinch an existing Bank of America checking relationship can’t qualify. To qualify, immoderate erstwhile accounts will request to beryllium closed for 12 months.
  • You’ll salary a $4.95 monthly attraction interest unless you meet 1 of nan pursuing criteria each connection cycle: You person a minimum regular equilibrium of $500, are nether property 25, aliases suffice for Preferred Rewards.
  • Fees for utilizing out-of-network ATMs, making world transactions, aliases replacing a mislaid debit paper whitethorn apply. 

M&T Bank : EZChoice Checking - $200

 M&T Bank

  • Bonus Amount: $200
  • Promotion Expiry: April 30, 2024
  • Qualifications: Direct deposit

How to Get nan Bonus

  1. Open a caller account. Open an M&T EZChoice checking relationship pinch astatine slightest $25 arsenic nan opening balance.
  2. Enroll successful nonstop deposit. Make astatine slightest $500 successful qualifying direct deposits wrong nan first 90 days aft relationship opening. Qualifying nonstop deposits see physics payroll, pension, aliases Social Security payments. 
  3. Wait for nan bonus. The prize is credited to your relationship wrong 90 days of gathering nan promotion requirements.

M&T Bank is simply a location bank. It operates 700 branches successful Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia, and nan District of Columbia. It besides has a full-service commercialized banking agency successful Ontario, Canada. Use nan locator tool to find a branch adjacent you.

Bonus Restrictions and Account Fees

The prize is only disposable to caller relationship holders. M&T Bank will only grant 1 prize per customer, sloppy of really galore accounts you open. You aren’t eligible for this prize if you’ve received a prize from M&T Bank owed to opening a individual checking relationship wrong nan past 12 months. M&T Bank labor and affiliates cannot person nan rate prize offer. 

If you adjacent your relationship wrong 180 days of its opening date, M&T Bank will complaint you a $50 closeout fee. 

The EZChoice Checking Account charges nary monthly attraction fees and does not person a minimum monthly equilibrium requirement. You tin opt for insubstantial aliases physics statements astatine nary charge. 

There is simply a $3 interest erstwhile you usage non-M&T Bank ATMs. 

Citi : Citi Everyday Benefits Checking - $500-$2, 500

Citibank

  • Bonus Amount: $500-$2,500
  • Promotion Expiry: July 8, 2024
  • Qualifications: Deposit, support balance

How to Get nan Bonus 

  1. Open a caller account. To suffice for nan bonus, you must unfastened a caller Citi Basic Banking relationship done its promotions page; if you unfastened an relationship done different link, you will not beryllium eligible for nan bonus.
  2. Deposit astatine slightest $30,000. Within 20 days of opening your caller account, deposit astatine slightest $30,000 to get nan minimum prize of $500; if you deposit $200,000 you'll gain a $1,500 bonus; if you deposit $300,000 you'll gain a $2,500 bonus. Your equilibrium connected nan 20th time will find your prize amount. The costs must beryllium caller to Citi.
  3. Maintain balance. Maintain a equilibrium of $30,000 aliases much for an further 60 days, starting connected nan 21st time aft opening nan account. If you make immoderate withdrawals that origin your equilibrium to driblet to a little tier level, your prize magnitude will beryllium adjusted accordingly. If your equilibrium drops beneath $30,000, you won't gain immoderate prize astatine all.
  4. Wait for nan bonus. Citi will present nan prize wrong 30 days of gathering nan promotion’s requirements.

Bonus Restrictions and Account Fees

  • Only caller customers who are astatine slightest 18 years aged qualify. The prize is only offered successful definite states. If you retreat rate from your relationship anterior to earning nan prize and driblet to a little tier level, your prize magnitude will beryllium adjusted accordingly.

The pursuing fees apply: 

  • Monthly fee: $15 (the interest is waived for nan first 3 months, aliases for customers successful Relationship Tiers, aliases for accounts pinch $250 successful monthly enhanced nonstop deposits, person a nonstop deposit, aliases usage measure salary once) 
  • ATM fee: $2.50 non-Citi ATM fee

Final Verdict

SoFi is our apical wide prime acknowledgment to nan size of its bonus, and because it scored highly connected our different criteria. All you person to do is unfastened an relationship and motion up for nonstop deposit; arsenic agelong arsenic your deposits full astatine slightest $1,000, you’ll suffice for a bonus, and SoFi will salary it retired wrong 7 business days. 

But successful general, checking relationship promotions are beautiful easy to get. Explore nan options and you’re apt to find 1 wrong reach.

Guide to Choosing Checking Account Bonuses

Factors to Consider When Claiming a Checking Account Bonus

Before choosing a bank and opening a caller checking relationship to declare a promotional offer, see nan pursuing factors: 

  • Fees: Some accounts person monthly attraction fees that tin trim into your relationship equilibrium complete time. Many banks will waive those fees if you meet definite equilibrium requirements. 
  • Qualification requirements: Qualification requirements for rate bonuses tin vary, but you’ll mostly request to motion up for nonstop deposit aliases support a definite equilibrium for a definite play of time. Those requirements tin mean immoderate of your rate isn’t disposable to usage until aft nan bonus’s information play is over. 
  • Perks: Some banks connection typical benefits, specified arsenic fee-free ATMs aliases unlimited cheque writing. 
  • Availability: Online banks are progressively common, but immoderate group for illustration nan convenience of a brick-and-mortar bank, truthful find retired if nan slope operates branches adjacent you. 

How to Find Checking Account Bonuses

Banks often advertise promotional offers connected their websites, but they aren’t ever easy to find. It whitethorn beryllium easier to usage a tract for illustration Investopedia, which researches disposable slope offers and posts updates connected a regular basis. 

How to Switch Banks

If you are readying connected switching banks, you tin often unfastened a caller relationship online. The caller slope will punctual you to money nan relationship (a minimum starting deposit is sometimes required), and you tin besides group up nonstop deposit. Once your relationship is funded, you tin update your automatic payments for your in installments cards, utilities, and different bills.

It’s a bully thought to clasp disconnected connected closing nan aged relationship for a period aliases 2 to make judge that each of your accounts person been updated. Otherwise, you consequence precocious fees aliases missed costs fees. Once you’re judge each of your accusation has been updated, interaction nan slope to adjacent nan aged account. 

Although banks don’t cheque your in installments reports erstwhile you use for a checking account, they whitethorn cheque your checking history done checking relationship reporting companies for illustration ChexSystems aliases Early Warning Services.

Frequently Asked Questions

  • Switching banks to get a rate prize tin beryllium an easy measurement to get other money. However, regularly chasing bank bonuses isn’t realistic aliases businesslike for astir people; each clip you move banks, you’ll person to update your nonstop deposit and automatic payments, and immoderate banks complaint closure fees. 

  • Cash bonuses you gain for opening a caller checking relationship are taxable arsenic income. The slope will nonstop you either Form 1099-INT aliases Form 1099-MISC, which you’ll usage to capable retired your taxation return and study nan rate bonus.

  • Checking relationship bonuses alteration by bank. Some are generous, offering hundreds of dollars pinch debased deposit requirements, while others require you to deposit larger amounts and support a precocious minimum balance. Whether it makes consciousness to unfastened a caller relationship to return advantage of a promotional connection depends connected really overmuch other rate you person handy, really liquid you request your money to be, and nan worth of nan prize offer.

  • Both nationalist and location banks connection checking relationship promotional offers, including Axos Bank, SoFi, Citi, Bank of America, Chase, U.S. Bank, and more. 

If you’re looking to move savings accounts, see moving your money to a high-yield savings account. As of January 2024, you tin gain an yearly percent output arsenic precocious arsenic 5.26% done nan apical high-yield savings accounts.

Methodology

Investopedia is dedicated to providing consumers pinch unbiased, broad reviews. To complaint checking relationship promotions, we collected hundreds of information points for astir 30 accounts, including prize amounts, APYs, fees, and relationship requirements, to guarantee that our reviews thief users make informed decisions astir their banking needs.

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