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Best Bank Account Bonuses and Offers June 2018

June 7, 2018
Banking, Checking Accounts, Savings Accounts
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Some 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. 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

Top picks

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:

 

 

Also worth considering

Capital One 360: $100

Capital One 360 Money Market

NerdWallet has rated this bank:

 

BMO Harris: $200
BMO Harris Bank National Association

at BMO Harris Bank National Association,

Member, FDIC


BMO Harris checking

Chase: $300
Chase

at Chase,

Member, FDIC

Chase Premier Plus CheckingSM

NerdWallet has rated this bank:

 

Citibank: $400

Citibank account package

NerdWallet has rated this bank:

 

HSBC: $200 or $350
HSBC

at HSBC,

Member, FDIC

HSBC checking

Huntington Bank: $200
Huntington National Bank

at Huntington National Bank,

Member, FDIC

Huntington Bank checking

NerdWallet has rated this bank:

 

TD Bank: $150 or $300
TD Bank

at TD Bank,

Member, FDIC

TD Bank checking

NerdWallet has rated this bank:

 

Connexus Credit Union: $50
Connexus Credit Union

at Connexus Credit Union,

Federally insured by the NCUA

Connexus Credit Union 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

at PNC,

Member, FDIC

PNC checking

NerdWallet has rated this bank:

 

Santander Bank: $150
Santander Bank, National Association

at Santander Bank, National Association,

Member, FDIC

Santander Simply Right Checking

NerdWallet has rated this bank:

 

SunTrust: $250 or $500
SunTrust

at SunTrust,

Member, FDIC

SunTrust checking

Wells Fargo Everyday Checking: $200
Wells Fargo

at Wells Fargo,

Member, FDIC

Wells Fargo checking

NerdWallet has rated this bank:

 

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. 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 July 16, 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). These can be found mostly in the Northeast, on the West Coast and in parts of the Midwest, Texas and Florida.
  • How 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.
  • When you’ll get it: The bonus will be deposited into your account in 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 July 16, 2018

Chase

at Chase,

Member, FDIC

  • What you’ll get: $150
  • How to get it: Open a Chase SavingsSM account online or in person using a coupon emailed to you through the promotion page. Fund the account with at least $10,000 in new money within 10 business days. Maintain a balance of at least $10,000 for 90 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). These can be found mostly in the Northeast, on the West Coast and in parts of the Midwest, Texas and Florida.
  • How 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.
  • When you’ll get it: Chase will deposit your bonus into your account within approximately 10 days.
  • Monthly fee: $5, avoided with maintaining a daily minimum balance of $300, having one or more repeating automatic transfer of $25 from your Chase personal checking account, or having a linked premium Chase checking account. Free for those under 18 years old.

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» Avoid monthly fees with your checking account: Check out the best free checking accounts of 2018

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:

Capital One 360 Money Market: $100

NerdWallet has rated this bank:

Until June 30, 2018

  • What you’ll get: $100
  • How to get it: Open a 360 Money Market account and fund it with at least $20,000 no later than June 30, 2018. Funds must be new to Capital One and deposited within 10 days of account opening. You must maintain the balance for at least 90 days.
  • Where to open: Online only.
  • How to qualify: You can’t have, or have had a Capital One savings product after January 1, 2016. Higher bonus offers are available for those who maintain higher balances, starting at $40,000.
  • When you’ll get it: Approximately 60 days after you maintain your balance in your account for 90 days.
  • Monthly fee: None.

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BMO Harris Smart Money, Smart Advantage or Premier checking account: $200 bonus

Through June 29, 2018

BMO Harris Bank National Association

at BMO Harris Bank National Association,

Member, FDIC

  • What you’ll get: $200
  • How to get it: 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 pageWithin 90 days of opening the account, have at least two direct deposits of at least $500 each. Make at least 10 debit card purchases with a BMO Harris Bank Debit Mastercard; each must post to your account within 90 days of account opening.
  • Where to open: Online, over the phone or in a branch. You have to be a resident of Arizona, Florida, Illinois, Indiana, Kansas, Minnesota, Missouri or Wisconsin to receive the bonus.
  • How to qualify: To qualify, you must not have had a BMO Harris checking account in the past 12 months.
  • When you’ll get it: Account must remain open and in good standing for about 120 days, which is when the bonus will be paid.
  • Monthly fee: 
    • Smart Money Account: $5, waived if you’re age 25 or under
    • Smart Advantage Account: None with eStatements, $2 with paper statements.
    • Premier Account: $30, waived with a minimum daily balance of $25,000, $50,000 across qualifying accounts, or an investment account with the bank.

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Chase Premier Plus CheckingSM: $300 bonus

NerdWallet has rated this bank:

Until July 16, 2018

Chase

at Chase,

Member, FDIC

  • What you’ll get: $300
  • How to get it: Open a Chase Premier Plus CheckingSM account online or in person using a coupon emailed to you through the promotional page. Fund the account with at least $25 and have a direct deposit 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). These can be found mostly in the Northeast, on the West Coast and in parts of the Midwest, Texas and Florida.
  • How 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.
  • When you’ll get it: Your bonus will be deposited within 10 days of your direct deposit.
  • Monthly fee: $25, avoided with an average daily balance of at least $15,000 across linked deposit and investment accounts, or by having automatic payments to a linked Chase mortgage.

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Citibank Account Package: $400

NerdWallet has rated this bank:

Through June 30, 2018

Citibank

at Citibank,

Member, FDIC

  • What you’ll get: $400
  • How to get it: Open a new checking and savings account in the Citibank Package by June 30, 2018. Deposit at least $15,000 in new funds in the accounts, with at least $1,500 in the checking and $100 in the savings account, and maintain that balance for 60 days.
  • Where to open: Online.
  • How to qualify: You must not have had a Citibank checking or savings account within the last 180 calendar days.
  • When you’ll get it: The bonus will be credited to your checking account within 90 days of completing the requirements.
  • Monthly fee: $25, waived with a average monthly balance of at least $10,000 across eligible Citibank accounts.

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HSBC Choice Checking or Advance Checking: $200 or $350

Through June 29, 2018

HSBC

at HSBC,

Member, FDIC

  • What you’ll get: 
    • Choice Checking: $200
    • Advance Checking: $350
  • How to get it:
    • Choice Checking: Open a new HSBC Choice Checking account through HSBC’s promotional page and deposit at least $1,500 across all HSBC checking and savings accounts within 30 days of creating your new account. Funds must be new to HSBC and maintained for at least 90 calendar days.
    • Advance Checking: Open a new HSBC Advance Checking account through HSBC’s promotional page. Deposit at least $10,000 across all HSBC checking and savings accounts within 30 days of creating your new account. Funds must be new to HSBC and maintained for at least 90 calendar days.
  • How to qualify: You must not have had any HSBC consumer bank account from March 30, 2017, to March 30, 2018, to qualify for either offer. Your account must be open and in good standing at the time you receive the bonus.
  • When you’ll get it: Your bonus will be deposited in your new account roughly eight weeks after you meet all the qualification requirements.
  • Monthly fee: 
    • Choice Checking: $15, avoided by having $1,500 across your HSBC deposit and investment balances, or having a direct deposit at least once a statement cycle.
    • Advance Checking: $25, avoided by maintaining $10,000 across your HSBC deposit and investment accounts, or at least $5,000 with at least one recurring direct deposit per monthly cycle.


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Huntington Bank Huntington 5 Checking: $200

NerdWallet has rated this bank:

Huntington National Bank

at Huntington National Bank,

Member, FDIC

Through June 30th, 2018

  • What you’ll get: $200
  • How to get it: Open a new Huntington 5 Checking account through the promotional page, or at a branch using a coupon emailed to you, by June 30th, 2018. Deposit at least $1,000 into the account within 60 days and keep your account open for at least 90 days.
  • Where to open: Online or at a branch, using the coupon code.
  • How to qualify: You must not currently have any Huntington checking account or have had one in the past six months.
  • When you’ll get it: Huntington will deposit the bonus within 14 days after you meet the requirements.
  • Monthly fee: $5, avoided with at least $5,000 across Huntington accounts.

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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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Connexus Credit Union Xtraordinary or MyRewards Checking: $50 bonus

NerdWallet has rated this bank:

Through July 1, 2018

Connexus Credit Union

at Connexus Credit Union,

Federally insured by the NCUA

  • What you’ll get: $50
  • How to get it: Open a Connexus Credit Union Xtraordinary or MyRewards checking account before July 1, 2018 using code SWITCH50. You’ll need a $500 opening minimum balance and have a direct deposit post to your account within 45 days after you open it.
  • Where to open: Online only.
  • How to qualify: You must become a member of the credit union to join, which you can do by paying a $5 one-time fee to the Connexus Association. You must not currently have a Connexus Credit Union checking account or have had one closed on March 5th, 2018 onwards.
  • When you’ll get it: You’ll get your bonus within 45 days of the first direct deposit posted to your account.
  • Monthly fee: 
    • Xtraordinary Checking: $5 inactivity fee, avoided with account activity and an account balance over $100 at the end of the month.
    • MyRewards Checking: $5 inactivity fee, avoided with account activity and an account balance over $100 at the end of the month.

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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 June 30, 2018

PNC

at PNC,

Member, FDIC

  • 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: $150 bonus

NerdWallet has rated this bank:

Through June 30, 2018

Santander Bank, National Association

at Santander Bank, National Association,

Member, FDIC

  • What you’ll get: $150
  • How to get it: Open a Santander checking account online using promo code DIGBONUSA5J, or at a branch using the coupon you got 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 total direct deposits.

» MORE: NerdWallet’s review of Santander Bank

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SunTrust Bank checking: $250 or $500 bonus

Through July 31, 2018

SunTrust

at SunTrust,

Member, FDIC

  • What you’ll get: $250 or $500
  • How to get it: Open a new account online using promo code Q218CHECKINGOL. You’ll get $250 for opening a Select Checking account or $500 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 November 2, 2017.
  • 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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Wells Fargo Everyday Checking: $200

Wells Fargo

at Wells Fargo,

Member, FDIC

NerdWallet has rated this bank:

Through June 29, 2018

  • What you’ll get: $200
  • How to get it: Open an Everyday Checking account online through the promotional page or at a branch using a code emailed to you by June 29, 2018. Deposit at least $25 in your new account, and make 10 payments of at least $1 for three consecutive calendar months with your new debit card. Other checking accounts may be eligible for the bonus if opened in person.
  • Where to open: Online or at a branch, using coupon code.
  • How to qualify: Offer available in the following areas: Austin, TX; Charleston, SC; Charlottesville, VA; Columbia, SC; Columbus, GA; El Paso, TX-NM, Fresno-Visalia, CA; Ft. Myers-Naples, FL; Greensboro, NC; Greenville, SC-NC; Harlingen, TX; Houston, TX; Idaho Falls, ID; Las Vegas, NV; Reno, NV; Roanoke-Lynchburg, VA; Savannah, GA; Tampa, FL; Tucson (Sierra Vista), AZ; West Palm Beach, FL.
  • When you’ll get it: You’ll get your bonus deposited into your account within 45 days of meeting the requirements.
  • Monthly fee: $10, avoided with a minimum daily balance of $1,500, having $500 or more in direct deposits, or have 10 debit card purchases post to your account per monthly cycle.

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Fifth Third Bank Essential Checking: $250

Fifth Third Bank

at Fifth Third Bank,

Member, FDIC

NerdWallet has rated this bank:

Through June 30, 2018

  • What you’ll get: $250
  • 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.


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, 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.