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Best Bank Account Bonuses and Offers August 2018

Aug. 21, 2018
Banking, Checking Accounts, Savings Accounts
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We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.

Certain banks offer cash bonuses when you open a new checking or savings account. To qualify, you’ll likely have to set up direct deposit with the bank and keep the account open for at least a few months. Some banks have looser requirements than others, as you’ll see below.

Before signing up for a checking or savings account bonus, familiarize yourself with the bank’s fees, including monthly service charges, and how to avoid them.

Checking account offers and savings promotions

Chase Bank: $200
Chase

at Chase,

Member, FDIC

Chase Total Checking®

NerdWallet has rated this bank:

 

Chase Bank: $150
Chase

at Chase,

Member, FDIC

Chase SavingsSM

NerdWallet has rated this bank:

 

Discover: $150 or $200
Discover

at Discover,

Member, FDIC

Discover Online Savings

NerdWallet has rated this bank:

 

Chase: $300
Chase

at Chase,

Member, FDIC

Chase Premier Plus CheckingSM

NerdWallet has rated this bank:

 

HSBC: $200
HSBC

at HSBC,

Member, FDIC

HSBC Choice Checking

HSBC: $350
HSBC

at HSBC,

Member, FDIC

HSBC Advance Checking

HSBC: $750
HSBC

at HSBC,

Member, FDIC

HSBC Premier Checking

TD Bank: $150 or $300
TD Bank

at TD Bank,

Member, FDIC

TD Bank checking

NerdWallet has rated this bank:

 

Citizens Bank: $200

Citizens Bank checking

NerdWallet has rated this bank:

 

Bank of the West: $150

Bank of the West checking

NerdWallet has rated this bank:

 

Citibank: $200 or $400
Citibank

at Citibank,

Member, FDIC

Citibank checking and savings

NerdWallet has rated this bank:

 

Huntington Bank: $200
Huntington National Bank

at Huntington National Bank,

Member, FDIC

Huntington 5 or 25 checking

NerdWallet has rated this bank:

 

Amboy Direct: $50
Amboy Direct

at Amboy Direct,

Member, FDIC

Amboy Direct eSavings

PNC Bank: $50, $200 or $300

PNC checking

NerdWallet has rated this bank:

 

Santander Bank: $225
Santander Bank, National Association

at Santander Bank, National Association,

Member, FDIC

Santander Simply Right Checking

NerdWallet has rated this bank:

 

SunTrust: $150 or $300
SunTrust

at SunTrust,

Member, FDIC

SunTrust checking

Fifth Third Bank Essential Checking: $250

Fifth Third Bank

at Fifth Third Bank,

Member, FDIC

Fifth Third checking

NerdWallet has rated this bank:

 

Chasing promotions may cost you in the long run, so it’s important to be aware of potential pitfalls. But if you do your homework, bank bonuses are an excellent way to make a little extra cash. Here are more details on NerdWallet’s favorites this month.

» Need a place to stash your savings? Check out the best high-yield online savings accounts

Chase Total Checking®: $200 bonus

NerdWallet has rated this bank:

Best checking bonus: through Oct. 15, 2018

Chase

at Chase,

Member, FDIC

  • What you’ll get: $200
  • How to get it: Open a Chase Total Checking® account online or in person using a coupon emailed to you through the promotion page. Fund with at least $25. You must have a direct deposit into the account within 60 days. The account must remain open for six months.
  • Where to open: The account can be opened online or at a Chase branch (find a location near you). The offer is available in the following states: Arizona, California, Colorado, Connecticut, Florida, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Michigan, New Jersey, Nevada, New York, Ohio, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin and West Virginia.
  • How to qualify: You must not have had a Chase checking account within the last 90 days, had one closed with a negative balance, or have a fiduciary account.
  • When you’ll get it: The bonus will be deposited into your account no more than 10 business days after your first direct deposit.
  • Monthly fee: $12, avoided by having monthly direct deposits of $500 or more, a minimum daily balance of $1,500, or keeping a daily average balance of $5,000 in your Chase Total Checking® and qualifying linked Chase bank accounts.

» Want to see how Chase stacks up? Read NerdWallet’s review of Chase Bank

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Chase SavingsSM: $150 bonus

NerdWallet has rated this bank:

Best savings bonus: through Oct. 15, 2018

Chase

at Chase,

Member, FDIC

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TD Bank Convenience or Premier checking account: $150 or $300 bonus

NerdWallet has rated this bank:

No expiration date listed

TD Bank

at TD Bank,

Member, FDIC

  • What you’ll get: $150 or $300
  • How to get it: 
    • To earn $150, open a TD Convenience account and receive cumulative direct deposits of at least $500 within 60 days of opening the account. To have the $15 monthly fee waived, maintain a minimum daily balance of $100.
    • To earn $300, open a TD Premier account and receive cumulative direct deposits of at least $2,500 within 60 days of opening the account. To have the $25 monthly fee waived, maintain a minimum daily balance of $2,500.
  • Where to open: Online. You must be a resident of Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia or Washington, D.C.
  • How to qualify: To qualify, you must be a new TD Bank checking customer.
  • When you’ll get it: Your bonus will be paid no later than 95 days after you open the account.
  • Monthly fee: 
    • TD Convenience Checking: $15, waived with a minimum daily balance of $100
    • TD Premier Checking: $25, waived with a minimum daily balance of $2,500

» Want to see how TD Bank stacks up? Read NerdWallet’s review of TD Bank

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Citizens Bank One Deposit Checking: $200

NerdWallet has rated this bank:

Through Sept. 30, 2018

  • What you’ll get: $200
  • How to get it: Open a new One Deposit Checking account through their promotional page and make a single direct deposit of at least $500 within 60 days of opening.
  • Where to open: Online
  • How to qualify: You must not have had a Citizens Bank personal checking account within the last six months.
  • When you’ll get it: You’ll receive your bonus within 90 days of your direct deposit posting.
  • Monthly fee: $9.99, waived with one deposit each statement period.

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Bank of the West Any Deposit Checking: $150

NerdWallet has rated this bank:

Through August 24, 2018

  • What you’ll get: $150
  • How to get it: Open a new Any Deposit Checking account online or at a branch using the coupon emailed to you from the promotional page. Get $100 for setting up direct deposit, and $50 for making 10 monthly debit card purchases of $3 or more for two months. Have at least $250 in direct deposits posted to your account by October 31st, 2018.
  • Where to open: Online or at a branch.
  • How to qualify: You must not have had a Bank of the West checking account open as of July 13th, 2018 in order to qualify for the offer.
  • When you’ll get it: You’ll receive your bonus in your new account by November 30th, 2018.
  • Monthly fee: $10, waived if you make a deposit of any amount into your account through any means, excluding transfers from other Bank of the West accounts.

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Citibank Account Package or Basic Banking Package: $200 or $400

NerdWallet has rated this bank:

Through Sept. 30, 2018

Citibank

at Citibank,

Member, FDIC

  • What you’ll get: $200 or $400
  • How to get it: 
    • For $200: open a new eligible Citi checking account in the Basic Banking Package and deposit at least $5,000 in new funds within 30 days of opening. Maintain that balance for at least 60 days.
    • For $400: open new eligible Citi checking and savings accounts in the Citibank Account Package and deposit at least $15,000 in new funds within 30 days of opening. Maintain that balance for at least 60 days.
  • Where to open: Online via the promotional page, phone or in a branch.
  • How to qualify: You must not have had a Citibank personal checking account within the last six months.
  • When you’ll get it: You’ll receive your bonus within 90 days of completing the requirements.
  • Monthly fee: 
    • Basic Banking Package: $12, waived if you maintain at least $1,500 in combined average monthly balance across eligible linked accounts, if you make one direct deposit and one bill payment per statement period, or if you are 62 or older.
    • Account Package: $25, applied to the checking account, waived if you maintain a combined average monthly balance of at least $10,000.

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Huntington 5 or 25 checking: $200 or $500 bonus

Through September 30, 2018

Huntington National Bank

at Huntington National Bank,

Member, FDIC

  • What you’ll get: $200 for Huntington 5 or $500 for Huntington 25
  • How to get it: Open a new Huntington 5 or 25 Checking account and deposit at least $1,000 for a 5 Checking account, $15,000 for a 25 Checking account within 60 days of doing so. Keep your account open for at least 90 days.
  • Where to open: Online or in person.
  • How to qualify: You must be a new Huntington checking customer, and not have had a Huntington checking account within the past 6 months.
  • When you’ll get it: You’ll get your bonus within 14 days of meeting requirements.
  • Monthly fee: 
    • Huntington 5: $5, avoided with a minimum balance of $5,000 across all Huntington accounts.
    • Huntington 25: $25, avoided with a minimum balance of $25,000 across all Huntington accounts.

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Amboy Direct eSavings account: $50 bonus

No expiration date listed

Amboy Direct

at Amboy Direct,

Member, FDIC

  • What you’ll get: $50
  • How to get it: Go to the Amboy Direct website and sign up with your email to receive a bonus reference code. Enter the code you received via email when you apply for an eSavings account. Keep a monthly average balance of at least $3,000 for 90 days in your account.
  • Where to open: Online only.
  • When you’ll get it: The bonus will be credited to you in the next statement cycle.
  • Monthly fee: No monthly fee.

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PNC Bank Virtual Wallet checking: $50, $200 or $300 bonus

NerdWallet has rated this bank:

Through Sept. 30, 2018

  • What you’ll get: $50, $200 or $300
  • How to get it: Your bonus amount depends on the type of account you open. Options include a Virtual Wallet account, a Virtual Wallet with Performance Spend account or a Virtual Wallet with Performance Select account. Direct deposits must total at least $500, $2,000 or $5,000 per month, depending on which account you’ve signed up for, within 60 days of opening. You must also make at least 10 purchases with your PNC Bank Visa debit card.
  • How to qualify: To qualify, you must not have had a PNC account within the past 90 days or received a PNC promotional payment within the past 12 months.
  • When you’ll get it: Your bonus will be deposited within 60 days after all criteria has been met.
  • Where to open: Online only. Offer available to residents of Alabama, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Virginia, West Virginia, Wisconsin and the District of Columbia.

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Santander Bank checking: $225 bonus

NerdWallet has rated this bank:

Through Sept. 30, 2018

Santander Bank, National Association

at Santander Bank, National Association,

Member, FDIC

  • What you’ll get: $225
  • How to get it: Open a Santander checking account online or at a branch using the coupon emailed to you from the promotional pageQualifying checking accounts include Simply Right Checking, Santander Basic Checking and Santander Premier Plus Checking. Post direct deposits totaling at least $1,000 within 90 days of opening the account, and keep it open for at least that long.
  • Where to open: Online or at a branch. Offer available to residents of Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania and Rhode Island.
  • How to qualify: To qualify, you must not currently have a Santander checking account or have had one in the last 12 months.
  • When you’ll get it: Your bonus will be deposited within 30 days after you meet the criteria.
  • Monthly fee: 
    • Simply Right Checking: $10, waived by making any transaction into or out of the account in the calendar month.
    • Basic Checking: $3, fee can’t be waived.
    • Premier Plus Checking: $35, waive by keeping at least $75,000 across eligible deposit and investment accounts, or receive $6,000 in monthly direct deposits.

» MORE: NerdWallet’s review of Santander Bank

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SunTrust Bank checking: $150 or $300 bonus

Through October 15, 2018

SunTrust

at SunTrust,

Member, FDIC

  • What you’ll get: $150 or $300
  • How to get it: Open a new account online using promo code Q318CHECKINGOL. You’ll get $150 for opening a Select Checking account or $300 for opening a Signature Advantage account. Deposit at least $100 into your new account within 14 days of opening. Post direct deposits of at least $1,000 into a Select Checking account or $2,000 into a Signature Advantage account within 60 days of opening. Make at least 10 debit card purchases within 60 days of opening either account.
  • Where to open: Online only. Offer available to residents of Alabama, Arkansas, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia and the District of Columbia.
  • How to qualify: You must not currently have a personal checking account with SunTrust or have had one on or since February 2, 2018.
  • When you’ll get it: The bonus will be deposited eight weeks after you meet the requirements.
  • Monthly fee: 
    • Select Checking: $15, waived if you receive $2,000 in direct deposits a month, keep a daily minimum of that amount in your Select Checking account, maintain $10,000 across all SunTrust accounts, or have other qualifying SunTrust products.
    • Signature Advantage: $25, waived if you hold at least $25,000 in total deposit balances.

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Fifth Third Bank Essential Checking: $200

Fifth Third Bank

at Fifth Third Bank,

Member, FDIC

Through Sept. 30, 2018

  • What you’ll get: $200
  • How to get it: Enter your email on Fifth Third’s promotional page and bring the code you receive into any Fifth Third branch and open an Essential Checking account. Deposit at least $500 within 45 days and maintain that balance for 60 days.
  • Where to open: Account must be opened at a Fifth Third branch.
  • How to qualify: You must not have an existing checking or Express Banking account with Fifth Third, or have had one in the past 12 months.
  • When you’ll get it: You’ll get the bonus within 10 business days of completing the requirements.
  • Monthly fee: $11, waived with a balance of $1,500 across Fifth Third deposit and investment accounts, by spending at least $500 on a Fifth Third credit card, or by having another qualifying Fifth Third product. Charge reduced to $8 if you have monthly direct deposits of $500 or more.

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If it’s time to switch banks and you want to take advantage of a cash bonus, these options should help you decide. If these bonuses don’t entice you, you may want to look for a different account — see our picks for best checking accounts.

Best Bank Account Bonuses and Offers August 2018

Here’s another recap of this month’s best bank bonuses.

BankOffer amount
Chase Total Checking$200
Chase Savings$150
Discover Online Savings$150 or $200
Chase Premier Plus Checking$300
HSBC Choice Checking$200
HSBC Advance Checking$350
HSBC Premier Checking$750
TD Bank Convenience or Premier Checking$150 or $300
Citizens Bank One Deposit$200
Citibank Basic Bank Package or Account Package$200 or $400
Bank of the West Any Deposit Checking$150
Amboy Direct eSavings$50
PNC Bank Virtual Wallet checking$50, $200 or $300
Santander Bank checking$225
SunTrust Bank checking$150 or $300
Fifth Third Bank Essential Checking$250

METHODOLOGY

We looked at the 15 largest banks by assets and eliminated those without a significant retail banking presence. We also included financial institutions in the country’s five largest metro areas and several of the largest online-only banks that offer a full suite of checking and savings products. We rounded off the list with some of the country’s biggest credit unions with broad-based membership requirements. Finally, we considered banks we’ve reviewed. Financial institutions surveyed: Alliant Credit UnionAlly Bank, Amboy Direct, Bank of AmericaBank5 ConnectBank of Internet USABank of the WestBarclays, BB&T, BBVA Compass, BMO Harris Bank, Capital One 360Chase, CIT Bank, CitibankCitizens Bank, Connexus Credit Union, Consumers Credit Union, Discover Bank, Fifth Third Bank, HSBC, Huntington BankM&T Bank, Nationwide, Navy Federal Credit UnionPentagon Federal Credit UnionPNC BankSantanderSimple, SunTrust, Synchrony BankTD BankUnion BankU.S. Bank and Wells Fargo.