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Best Bank Account Bonuses and Offers January 2018

Banking, Checking Accounts, Savings Accounts
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Excellent cash bonuses are available if you open checking or savings accounts with some banks. Here are the best offers this month:

Checking account offers and savings promotions

Top picks

Chase Bank: $200
Chase
Learn more
at Chase Bank
Chase Total Checking®

Overall bank rating:

 

BMO Harris: $200
BMO+Harris
Learn more
at BMO Harris
BMO Harris checking

Discover Bank: $150 or $200
Discover
Learn more
at Discover
Discover Online Savings

Overall bank rating:

 

Chase Bank: $150
Chase
Learn more
at Chase Bank
Chase SavingsSM

Overall bank rating:

 

 

Also worth considering

Chase: $300
Chase
Learn more
at Chase Bank
Chase Premier Plus CheckingSM

Overall bank rating:

 

TD Bank: $150 or $300
TD+Bank
Learn more
at TD Bank
TD Bank checking

Overall bank rating:

 

Citibank: $300
Citibank
Read full review
on NerdWallet
Citibank checking

Overall bank rating:

 

Amboy Direct: $50
Amboy+Direct
Learn more
at Amboy Direct
Amboy Direct eSavings

PNC Bank: $50, $200 or $300
PNC
Read full review
on NerdWallet
PNC checking

Overall bank rating:

Santander Bank: $150
Santander+Bank
Read full review
on NerdWallet
Santander Simply Right Checking

Overall bank rating:

 

SunTrust: $100, $200 or $300
SunTrust
Learn more
at SunTrust
SunTrust checking

Chasing promotions may cost you in the long run, so it’s important to be aware of the agreement terms and to avoid potential monthly fees. Here are more details on NerdWallet’s favorites this month, with a focus on sign-up bonuses.

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

Chase Bank: $200 bonus

NerdWallet has rated this bank:

Best checking bonus: through April 16, 2018

Chase
Learn more
at Chase Bank
  • To qualify, you must not have had a Chase checking account within the past 90 days, had one closed with a negative balance, or have a fiduciary account
  • Use the form on the sign-up page to have a coupon emailed to you. Use the coupon to open a Chase Total Checking® account funded with at least $25. The account must remain open for six months.
  • The account has to be opened at a Chase branch (find a location near you). These can be found mostly in the Northeast, on the West Coast and in parts of the Midwest, Texas and Florida.
  • You must have a direct deposit into the account within 60 days
  • The bonus will be deposited into your account in no more than 10 business days after your first direct deposit

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

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BMO Harris: $200 bonus

Best checking bonus: through March 30, 2018

BMO+Harris
Learn more
at BMO Harris

  • To qualify, you must not have had a BMO Harris checking account in the past 12 months
  • Open a new Smart Money, Smart Advantage or Premier account online, over the phone or in a branch using the coupon you were emailed from the promotional page
  • Within 90 days of opening the account, have at least two direct deposits of at least $500 each
  • Have at least 10 debit card purchases made with a BMO Harris Bank Debit Mastercard  post to your account within 90 days of account opening
  • Account must remain open and in good standing for about 120 days, which is when the bonus will be paid

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Discover Bank: $150 or $200 bonus 

NerdWallet has rated this bank:

Best savings bonus: through Feb. 28, 2018

Discover
Learn more
at Discover

Here’s what the bank says about its $150 or $200 sign-up bonus on its Online Savings Account:

“To get your bonus: Apply for your first Discover Online Savings Account by 2/28/18. Enter Offer Code NW1217 when applying. Deposit a total of at least $15,000 into your account by 3/14/18 to earn a $150 bonus, or deposit a total of at least $25,000 into your account by 3/14/18 to earn a $200 bonus. Maximum bonus eligibility is $200 per account.

“What to know: Offer not valid for existing or prior Discover savings customers. Account must be open when bonus is credited. Bonus will be credited to the account by 3/28/18. Bonus is considered interest and will be reported on IRS Form 1099-INT. Offer may be modified/withdrawn without notice.”

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Chase Bank: $150 bonus

NerdWallet has rated this bank:

Best savings bonus: through April 16, 2018

Chase
Learn more
at Chase Bank
  • To qualify, you must not have had a Chase SavingsSM account within the past 90 days, had one closed with a negative balance, or have a fiduciary account
  • Use the form on the sign-up page to have a coupon emailed to you. Then use the coupon to open a Chase SavingsSM account with at least $10,000 in new money within 10 business days. The account must remain open for six months.
  • The account has to be opened at a Chase branch (find a location near you). These can be found mostly in the Northeast, on the West Coast and in parts of the Midwest, Texas and Florida.
  • Maintain a balance of at least $10,000 for 90 days, and Chase will deposit your bonus into your account within approximately 10 days

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Others bonuses to consider

These bank promotions didn’t quite make our list of favorites. Typically, these accounts have:

  • Stiffer qualification requirements for the bonus
  • Lower bonus amounts for comparable requirements and accounts
  • High minimum balance requirements

Be sure you read the fine print if you click through. Here they are in alphabetical order:

Chase
Learn more
at Chase Bank

Chase Bank: $300 bonus

NerdWallet has rated this bank:

Until April 16, 2018

  • To qualify, you must not have had a Chase checking account within the past 90 days, had one closed with a negative balance, or have a fiduciary account
  • Open a Chase Premier Plus CheckingSM account funded with at least $25 and have a direct deposit within 60 days. The account must remain open for six months.
  • The account has to be opened at a Chase branch (find a location near you). These can be found mostly in the Northeast, on the West Coast and in parts of the Midwest, Texas and Florida.
  • To avoid a $25 monthly fee, your Chase Premier Plus CheckingSM account must have an average daily balance of at least $15,000 across linked deposit and investment accounts or have automatic payments to a linked Chase mortgage
  • Your bonus will be deposited within 10 days of your direct deposit

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TD+Bank
Learn more
at TD Bank

TD Bank: $150 or $300 bonus

NerdWallet has rated this bank:

No expiration date listed

  • To qualify, you must be a new TD Bank checking customer
  • 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.
  • Your bonus will be paid no later than 95 days after you open the account

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

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Citibank
Read full review
on NerdWallet

Citibank: $300 bonus

NerdWallet has rated this bank:

Through March 31, 2018

  • To qualify, you must not have had a Citibank checking account within the past 180 days
  • Open a checking account in the Citibank Account Package online, over the phone or at a branch
  • Within 30 days of opening your new checking account, deposit at least $15,000 into either that account or a new or existing Citibank Savings Plus Account or Citibank Savings Account. Maintain a balance of at least $15,000 for 60 consecutive days following the date of your qualifying deposit.
  • To avoid a $25 monthly fee, you must maintain $10,000 in combined average monthly balances in eligible linked accounts
  • The bonus will be deposited within 90 days after you meet the criteria

» MORE: NerdWallet’s review of Citibank

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Amboy Direct: $50 bonus

No expiration date listed

Amboy+Direct
Learn more
at Amboy Direct
  • To get the $50 bonus, 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
  • The bonus will be credited to you in the next statement cycle
  • $100 minimum to open an eSavings account

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PNC
Read full review
on NerdWallet

PNC Bank: $50, $200 or $300 bonus

NerdWallet has rated this bank:

Through Mar. 31, 2018

  • 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
  • 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.
  • Your bonus will be deposited within 60 days after all criteria has been met
  • 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
Read full review
on NerdWallet

Santander Bank: $150 bonus

NerdWallet has rated this bank:

Through March 31, 2018

  • To qualify, you must not currently have a Santander checking account or have had one in the last 12 months
  • Open a Santander checking account online using promo code DIGBONUSJ2M, or at a branch using the coupon you got emailed to yourself from the promotional page
  • Qualifying 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
  • Keep your account open for at least 90 days
  • Your bonus will be deposited within 30 days after you meet those criteria
  • Offer available to residents of Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island and Pennsylvania

» MORE: NerdWallet’s review of Santander Bank

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SunTrust
Learn more
at SunTrust

SunTrust Bank: $250 or $500 bonus

Through April 30, 2018

  • Open a new account online using promo code Q118CHECKINGOL
  • You must not currently have a personal checking account with SunTrust or have had one on or since July 7, 2017
  • Your bonus amount depends on the type of account you open. Options include Select Checking or 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
  • The bonus will be deposited eight weeks after you meet the requirements
  • Offer available to residents of Alabama, Arkansas, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia and the District of Columbia

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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.

Updated Jan. 8, 2018.


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, Associated BankBank of AmericaBank5 ConnectBank of Internet USABank of the WestBarclays, BB&T, BBVA Compass, BMO Harris Bank, Capital One 360Chase, CIT Bank, CitibankConnexus Credit Union, Consumers Credit Union, Discover Bank, HSBC, Huntington BankM&T Bank, Nationwide, Navy Federal Credit UnionPentagon Federal Credit UnionPNC BankSantanderSimpleState Employees’ Credit Union, SunTrust, Synchrony BankTD BankUnion BankU.S. Bank and Wells Fargo.