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Best Bank Account Bonuses and Offers July 2018

July 19, 2018
Banking, Checking Accounts, Savings Accounts
At NerdWallet, we adhere to strict standards of editorial integrity to help you make decisions with confidence. Some of the products we feature are from our partners. Here’s how we make money.
We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.

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

Discover: $150 or $200
Discover

at Discover,

Member, FDIC

Discover Online Savings
Exclusive NerdWallet offer

NerdWallet has rated this bank:

 

Chase: $300
Chase

at Chase,

Member, FDIC

Chase Premier Plus CheckingSM

NerdWallet has rated this bank:

 

HSBC: $200 or $350
HSBC

at HSBC,

Member, FDIC

HSBC 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:

 

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: $250 or $500
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. 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

  • 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 20 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).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 SavingsSM account within the last 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 by 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 younger than 18.

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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:

Discover Online Savings: $150 or $200 bonus

Exclusive NerdWallet offer

NerdWallet has rated this bank:

Through July 31, 2018

Discover

at Discover,

Member, FDIC

  • What you’ll get:  $150 or $200
  • How to get it: Open a Discover Online Savings Account using offer code NW718 by July 31, 2018. Deposit at least $15,000 into your new account for a $150 bonus, or $25,000 for $200, by Aug. 14, 2018.
  • Where to open: Online or by phone.
  • How to qualify: You cannot currently have a Discover savings account, or any savings account that is co-branded or is an affinity account provided by Discover, or have had one in the past.
  • When you’ll get it: You’ll get your bonus by Aug. 28, 2018.
  • Monthly maintenance fee: No monthly maintenance fee.

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Chase Premier Plus CheckingSM: $300 bonus

NerdWallet has rated this bank:

Until Oct. 15, 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).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 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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HSBC Choice Checking or Advance Checking: $200 or $350

Through Aug. 31, 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 June 30, 2017, to June 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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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 July 31, 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 only.
  • 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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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: $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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Fifth Third Bank Essential Checking: $200

Fifth Third Bank

at Fifth Third Bank,

Member, FDIC

NerdWallet has rated this bank:

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.


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.