Checking Account Promotions

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Checking account promotions and bonuses can be a welcome perk to any consumer looking to move their business over to a new bank. Most checking accounts hardly pay any interest these days, so it may be worth opening one of these checking accounts just for the extra cash you can earn.

How do these promotions work? It varies from bank to bank – some will offer to deposit a bonus directly to a new account. Others offer a bonus in the form of rewards points, which can be exchanged for gift cards or other items. If you already have an account you’re happy with, your bank may even offer a bonus for referring friends to open an account at the same bank, so make sure to ask! Do you know of a great offer that isn’t listed below? Let us know in the comments or email us.

Available Online/Nationwide

$50Capital One 360 (Online Bank)

Capital+One+360
Capital One 360 is the new face of what used to be ING Direct. They’ve retained the same great products like their free interest checking account: 360 Checking. There’s even no overdraft fee for those times when you slip up. Just pay a small amount of interest on your overdrawn balance until you get your balance back to positive. To get the $50 bonus, all you have to do is open an account and make 3 card or Person2Person payments within 45 days.

1.10% Bonus APY – EverBank (Online Bank)

EverBank
EverBank is another online bank with a simple high yield checking account with no monthly fees. First time Yield Pledge Checking Account holders receive a 6-month bonus rate of 1.10% on balances up to $100,000.  Even after the bonus rate expires, EverBank’s checking account offers top-tier interest rates. Their Yield Pledge guarantees that rates will always be in the top 5% of competitive accounts at leading banks, so don’t worry about being left out in the cold once the bonus rate expires.

$50-$100 – US Bank (Nationwide)

Existing US Bank customers can take part in the S.T.A.R.T. program, plus it’s a great incentive to save. Just set up recurring transfers from a U.S. Bank Package Checking account into a Money Market Savings account and earn a $50 Rewards Visa card once you reach $1000. If you are able to maintain a balance of $1000+ for a whole year you’ll get another $50 card!

Available Locally

$100Apple Bank (New York metro)

Apple Bank is offering $100 to new customers who simply enroll in direct deposit once they open a new account. Both the ExtraValue (no monthly fee) and the Grand Yield NOW ($10 monthly fee) checking accounts are available for the bonus.

Up to $250 + Lift Ticket - The Bank of Maine (Maine)

With the Bank of Maine’s Promise Rewards Checking Account, you can get a special bonus on top of the rewards benefits offered with this free account. Meet each of these requirements to earn a bigger bonus for opening a new account: make 10 debit card transactions in the 2nd statement period (+$50), activate direct deposit by the end of the 2nd statement period (+$100), make 5 bill payments to 5 different payees of at least $25 each within the 2nd statement period (+$100).

$100 – Bethpage Federal Credit Union (Long Island, NY)

At Bethpage FCU, you can get a free checking account that earns interest, includes no ATM fees AND will pay a $100 bonus. The only requirement for earning the cash bonus is to sign up for direct deposit. Anyone who lives, works, worships or attends school on Long Island can become a member. 

Up to $200BMO Harris Bank (AZ, FL, IL, IN, KS, MN, MO, WI) Expires 9/30/14

Steps Eligibility details
  1. Open a new BMO Harris Everyday Checking (bonus=$150), Select Checking (bonus=$200), or Portfolio Checking (bonus=$200) account
  2. Enter promo code Winterckg33 when applying online
  3. Set up monthly direct deposit to the account within the first 60 days (each deposit must be $300+)
  • Everyday Checking, Select Checking, or Portfolio Checking accounts only
  • Valid for accounts opened between February 24, 2014 and September 30, 2014
  • Minimum opening deposit of $100 is required
  • Offer not available to existing BMO Harris personal checking account customers or those who have closed a personal checking account within the past 60 days.

Up to $100 - Columbia Bank (New Jersey)

New customers signing up for checking accounts at Columbia Bank can earn up to $100. To earn the full amount, simply sign up for a new account and within 60 days use direct deposit and complete one bill payment.

$50 - First American Bank (Chicago, IL)

Students who open up a new checking account at First American Bank can earn an extra $50 at the same time.. You’ll earn the bonus as soon as you’ve made 10 deposits/withdrawals with the new account! The bonus can be taken away, however, if you close the account within the first 6 months.

Up to $150 and 1% APYFlushing Bank (Flushing, NY)

Earn up to $150 bonus with a new BestRate Checking Account. $75 for using your debit card to make 5 purchases of $25+ and another $75 for using direct deposit or online bill pay. As an added benefit, the account offers a promotional 1.00% APY for 90 days after account opening, as long as you can maintain a $5,000 minimum balance (the minimum to avoid a $10 monthly fee). Otherwise, the rate reverts to 0.60%APY.

Up to $200Northwest Savings Bank (MD, NY, OH, PA)

Steps Eligibility details
  1. Open a new MyNorthwest checking account
  2. Make at least 2 direct deposits of $200+ each within 6 months of account opening (=$100 bonus)
  3. Make at least 2 additional direct deposits within 2 months prior to the 1-year anniversary of account opening (=$100 bonus)
  • MyNorthwest checking account
  • Available to customers who have not had an open NSB checking account within six months

$100 – Provident Credit Union (Redwood City, CA)

With the New Membership Starter Package, you’ll get to choose between 3 different checking accounts (including their Simply Free Checking account) and can earn a $100 bonus in the process. To take advantage of the offer, new members must make 10 check card transactions per month, have a monthly direct deposit or automatic debit/credit (such as online bill pay), and enroll in e-Documents. Make sure to use the promotional code 9336 to receive the bonus. People who live or work in one of 10 California counties or Los Angeles are eligible to join. Full membership details can be found here.

$100Sound Credit Union (Tacoma, WA)

This credit union makes it easy to earn $100.  Members just need to open a new checking account (choose from 5 options, including a free account) and then set up a new recurring payroll direct deposit of $250+ per month.  

Up to $200Western State Bank (ND, AZ)

Western State Bank will offer new personal checking customers up to $200 in bonus credit for meeting 7 different requirements. Earn $25 for meeting each of the following requirements: sign up for direct deposit, pay 5 bills with Bill Pay, make 10 cash and check card transactions, enroll in mobile banking, enroll in eStatements, open a Money Market Account with the bank. Finally, earn another $50 by choosing a VIP or VIP Plus checking account ($10 monthly fee).

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  • Money Harlot

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  • http://www.doctorofcredit.com/ doctorofcredit

    Chase regularly has offers for $200 as well. They currently have one for $150 publicly available or up to $300 if you apply on eBay.

    • Jibin Daniel Park

      Actually $200+$200 = $400

      • http://www.doctorofcredit.com/ doctorofcredit

        I can do basic math, they currently have an offer on eBay for a total of $600 ($300 checking and $300 saving).

        I just meant that the $200 offer is a regular offer that is often publicly available.

        • Jibin Daniel Park

          I just meant that the $200 offer includes both checking and savings for a total of $400 you can buy on eBay. I saw that $600 offer but seems like $25,000 is required rather than $15,000 so your advice in a prior blog of getting two separate $400 credits make more sense.

    • Brian Broda

      Where do you apply on e-bay?

    • Guillermo

      Can you please tell me where to apply, if you have a link be nice, thanks

      • http://www.doctorofcredit.com/ doctorofcredit

        I can’t link here as nerdwallet will not approve the link. Do a google search for “chase coupons” and lots of sites (including mine) will show up.

  • doodler

    the Key Bank and BB&T offers are both “not available in [my] area”. So, not quite “nationwide”, i guess (?)

    • http://www.doctorofcredit.com/ doctorofcredit

      KeyBank is:
      AK, CO, ID, IN, ME,
      MI, NY, OH, OR, UT, VT, or WA

      BB&T is:

      AL, DC,
      FL, GA, IN, KY, MD, NC, SC, TN, TX, VA, WV