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Best Bank Account Bonuses and Offers October 2018

Oct. 18, 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

Discover: $150 or $200
Discover

at Discover,

Member, FDIC

Discover Online Savings

4.5 NerdWallet rating

 

HSBC: $200
HSBC

at HSBC,

Member, FDIC

HSBC Choice Checking

3.5 NerdWallet rating

 

HSBC: $350
HSBC

at HSBC,

Member, FDIC

HSBC Advance Checking

3.5 NerdWallet rating

 

HSBC: $750
HSBC

at HSBC,

Member, FDIC

HSBC Premier Checking

3.5 NerdWallet rating

 

TD Bank: $150 or $300
TD Bank

at TD Bank,

Member, FDIC

TD Bank checking

3.5 NerdWallet rating

 

Chase Bank: $200

Chase Total Checking®

3.5 NerdWallet rating

 

Chase Bank: $150

Chase Savings℠

3.5 NerdWallet rating

 

Chase: $300

Chase Premier Plus Checking℠

3.5 NerdWallet rating

 

Capital One 360: $200

Capital One 360 Money Market Account

4.5 NerdWallet rating

 

Huntington Bank: $200
Huntington National Bank

at Huntington National Bank,

Member, FDIC

Huntington Bank 5 checking

3.5 NerdWallet rating

 

PNC Bank: $50, $200 or $300

PNC checking

3.5 NerdWallet rating

 

Santander Bank: $225
Santander Bank, National Association

at Santander Bank, National Association,

Member, FDIC

Santander Simply Right Checking

4.0 NerdWallet rating

 

BMO Harris Bank: $200
BMO Harris Bank National Association

at BMO Harris Bank National Association,

Member, FDIC

BMO Harris checking

3.5 NerdWallet rating

 

M&T Bank: $100 or $250
M&T Bank

at M&T Bank,

Member, FDIC

M&T checking

3.0 NerdWallet rating

 

Fifth Third Bank Essential Checking: $200

Fifth Third Bank

at Fifth Third Bank,

Member, FDIC

Fifth Third checking

3.0 NerdWallet rating

 

Chasing promotions may cost you in the long run if you’re unable to avoid monthly fees. But if you do your homework, bank bonuses are an excellent way to make extra cash.

High-yield savings accounts can also boost your bank balance. Check out NerdWallet’s best high-yield online savings accounts for our favorite options. Many of these accounts have annual percentage yields near 2%, which is about 20 times higher than the national average.

But if you’re focused on the best bank bonuses, here are more details on NerdWallet’s favorites this month.

Discover Online Savings: $150 or $200 bonus

4.5 NerdWallet rating

Through Oct. 31, 2018

Discover

at Discover,

Member, FDIC

  • What you’ll get:  $150 or $200
  • How to get it: First-time savings customers can open a Discover Online Savings Account using offer code NW1018 by Oct. 31, 2018. Deposit at least $15,000 by Nov. 14, 2018, for a $150 bonus, or $25,000 for $200.
  • Where to open: Online or by phone.
  • How to qualify: You cannot have previously opened a Discover savings account, or any savings account that is co-branded or is an affinity account provided by Discover.
  • When you’ll get it: You’ll get your bonus by Nov. 28, 2018.
  • Monthly maintenance fee: No monthly maintenance fee.

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HSBC Choice Checking: $200

3.5 NerdWallet rating

Through Nov. 2, 2018

HSBC

at HSBC,

Member, FDIC

  • What you’ll get: $200
  • How to get it: Open a new HSBC Choice Checking account through its promotional page. Deposit at least $1,500 within 30 days. 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 Aug. 31, 2017, to Aug. 31, 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: $15, avoided by maintaining $1,500 across your HSBC accounts or having at least one direct deposit per month.

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HSBC Advance Checking: $350

3.5 NerdWallet rating

Through Nov. 2, 2018

HSBC

at HSBC,

Member, FDIC

  • What you’ll get: $350
  • How to get it: Open a new HSBC Advance Checking account through its 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 Aug. 31, 2017, to Aug. 31, 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: $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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HSBC Premier Checking: $750

3.5 NerdWallet rating

Through Nov. 2, 2018

HSBC

at HSBC,

Member, FDIC

  • What you’ll get: $750
  • How to get it: Open a new HSBC  Premier Checking account through its promotional page. Deposit at least $100,000 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 Aug. 31, 2017, to Aug. 31, 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: $50, avoided by having $100,000 across your HSBC deposit and investment accounts.

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

3.5 NerdWallet rating

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 earn $300, open a TD Premier account and receive cumulative direct deposits of at least $2,500 within 60 days of opening the account.
  • Where to open: Online, via the bank’s promotional page. 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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Chase Total Checking®: $200 bonus

3.5 NerdWallet rating

Through Jan. 14, 2019

  • 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 promotional 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).
  • 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 Savings℠: $150 bonus

3.5 NerdWallet rating

Through Jan. 14, 2019

  • What you’ll get: $150
  • How to get it: Open a Chase Savings℠ account online or in person using a coupon emailed to you through the promotional page. Fund with at least $10,000 within 20 business days, and maintain the $10,000 balance for 90 days.
  • Where to open: The account can be opened online or at a Chase branch (find a location near you).
  • 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 you’ve met the requirements.
  • Monthly fee: $5, avoided by maintaining an average daily balance of $300 or more, having a repeating automatic transfer of at least $25 from another Chase account you own, linking a premium Chase checking account or having an account owner under 18.

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Chase Premier Plus Checking℠: $300 bonus

3.5 NerdWallet rating

Through Jan. 14, 2019

  • What you’ll get: $300
  • How to get it: Open a Chase Premier Plus Checking℠ account online or in person using a coupon emailed to you through the promotional 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).
  • 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 direct deposit.
  • Monthly fee: $25, avoided by maintaining an average daily balance of $15,000 between this and other linked Chase accounts or making automatic payments on a qualifying Chase mortgage from this account.

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Capital One 360 Money Market Account: $200

4.5 NerdWallet rating

No expiration date listed

  • What you’ll get: $200
  • How to get it: Open a new 360 Money Market Account using promotional code OFFER200 and deposit at least $10,000 before Dec. 15, 2018. Funds must be new to Capital One 360.
  • Where to open: Online.
  • How to qualify: You must not have had a Capital One savings product since Jan. 1, 2016.
  • When you’ll get it: You’ll receive the bonus within 60 days of your deposit, provided your account is still in good standing.
  • Monthly fee: None.

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Huntington Bank 5 checking: $200

3.5 NerdWallet rating

Through Dec. 31, 2018

Huntington National Bank

at Huntington National Bank,

Member, FDIC

  • What you’ll get: $200
  • How to get it: Open a new Huntington 5 Checking account online or at a branch using the coupon emailed to you from the promotional page. Deposit at least $500 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; you cannot have had a Huntington checking account within the last six months.
  • When you’ll get it: Within 14 days of meeting requirements.
  • Monthly fee: $5, avoided with a minimum balance of $5,000 across all Huntington accounts.

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

3.5 NerdWallet rating

Through Dec. 31, 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 last 90 days or received a PNC promotional payment within the last 12 months.
  • When you’ll get it: Your bonus will be deposited within 90 days after all criteria have been met.
  • Where to open: Online, or have a coupon emailed to you. 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.

[Back to top]

Santander Bank checking: $225 bonus

4.0 NerdWallet rating

Through Dec. 31, 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 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, 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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BMO Harris Bank checking: $200

BMO Harris Bank National Association

at BMO Harris Bank National Association,

Member, FDIC

3.5 NerdWallet rating

Through Oct. 31, 2018

  • What you’ll get: $200
  • How to get it: Open a new checking account online through the bank’s promotional page or at a branch with a coupon emailed to you from that page. Have at least two direct deposits of at least $500 each into the account and make at least 10 debit card purchases within 90 days of opening. Your account must be open and in good standing to receive the bonus.
  • Where to open: At a branch or online, but you must live in a state where BMO Harris has branches: Arizona, Florida, Illinois, Indiana, Kansas, Missouri, Minnesota and Wisconsin.
  • How to qualify: You must not have a BMO Harris checking account or have had one within the past 12 months. 
  • When you’ll get it: If you qualify, the bonus will be deposited about 120 days after you open the account. 
  • Monthly fee: 
    • Smart Advantage: None.
    • Smart Money: $5, waived if you’re under 25.
    • Premier: $30, waived if you have a $25,000 minimum daily balance, $50,000 in combined balances with a Relationship Waiver or a BMO Harris Financial Advisors, Inc. investment account.

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M&T Bank checking: $100 or $250

3.0 NerdWallet rating

Through Oct. 31, 2018

M&T Bank

at M&T Bank,

Member, FDIC

  • What you’ll get: $100 or $250
  • How to get it: Open a new checking account online through the bank’s promotional page or at a branch. Have at least $500 in direct deposits within 90 days of opening the account. Your account must be open to receive the bonus. The Basic Banking, EZChoice and M&T Classic With Interest accounts earn $100 while the MyChoice Plus and MyChoice Premium accounts earn a $250 bonus.
  • Where to open: Online or in a branch. M&T has locations in Connecticut, Delaware, Florida, Maryland, New Jersey, New York, Pennsylvania, Virginia, West Virginia and Washington D.C.
  • How to qualify: You must not have received another M&T checking bonus within the last 12 months. 
  • When you’ll get it: The bonus will be deposited within 90 days after you qualify. 
  • Monthly fee: 
    • EZChoice Checking: None.
    • Basic Banking: $3.
    • MyChoice Plus: $14.95, waived with at least $1,500 in monthly direct deposits or an average balance of at least $2,500.
    • MyChoice Premium: $24.95, waived with an average balance of at least $7,500 or at least $25,000 in combined balances.

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Fifth Third Bank checking: $200 bonus

Fifth Third Bank

at Fifth Third Bank,

Member, FDIC

3.0 NerdWallet rating

Through Dec. 31, 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, Enhanced, Preferred or Free 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 last 12 months.
  • When you’ll get it: 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 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 | October 2018

Here’s a 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
Capital One 360 Money Market Account $200
Huntington Bank 5 checking$200
PNC Bank Virtual Wallet checking$50, $200 or $300
Santander Bank checking$225
BMO Harris checking$200
M&T Bank checking$100 or $250
Fifth Third Bank Essential Checking$200

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 Bank, Regions BankSantanderSimple, SunTrust, Synchrony BankTD BankUnion BankU.S. Bank and Wells Fargo.

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