A lot of people wonder if there are bank promotions without a direct deposit requirement. Unfortunately, most banks do require you to make a deposit in order to qualify for the bonus. Fortunately, there are banks where the deposit is super low. So you might only need to deposit $25. Below, we list some of the best bank promotions available in 2019!

• Checking Account Cash Bonus Offers
• Best Bank Bonus Now Without Direct Deposit Requirements

When it comes to bank promotions, finding the best ones that give you the most bonus money is harder than it sounds.

If you aren't a current Bank of America customer, now is the time to snag some bonus cash by checking out the best Bank of America promotions and offers for January 2021. Like many banks, Bank of America regularly pays bonuses to attract new customers. All you have to do is open a new Bank of America account and meet the requirements. You can earn extra cash to pad your savings account. Summary of the best bank account bonuses. If all requirements are met, both parties will receive $20 in their bank account. Be a new TD Bank customer; Receive a direct deposit of at least. Quite a few bank account bonuses have big deposit requirements, but not all of them. Below, you'll find five offers you can get right now - even if you don't have much money saved. 4 Best Bank Bonuses Of March 2021. 90 calendar days after completing all required actions. Offer period extends to April 1, 2021. Chase Total Checking account and to set up direct deposit.

Fine prints, details and got you rules, make comparing bank accounts with promotions and sign up bonuses for opening a checking or savings account extremely complicated.

In this post, we’re going to compare the best bank promotions and give you a summary of all the important details you need to know in order to make your decision.

Most banks offer promotions to customers, which can be highly profitable.

Did you know that you could potentially make $100s of dollars just by doing things like getting a cashback credit card or opening a new checking account?

Really!

You just need to know what banks are offering these great deals.

Bank Promotions without Direct Deposit?

A lot of people wonder if there are bank promotions without a direct deposit requirement.

Unfortunately, most banks do require you to make a deposit in order to qualify for the bonus.

Fortunately, there are banks where the deposit is super low. So you might only need to deposit $25.

Below, we list some of the best bank promotions available in 2019!

These include promotions for opening checking accounts, savings accounts and credit card accounts.

Why you should open an account with a bank that gives you sign up bonus?

Why not?

I mean, to me, the idea that banks make money from our money, yet bombard us with fees left and right is just crazy.

Let’s think about this scenario…

A friend of yours asks you to lend her $100 on the first of every month. As a good friend, you agree. But then, she starts charging you fees left and right for not giving her the money on the exact day you agreed to!

That’s what fees like late fees that banks charge you essentially are.

Think about that for a moment – you give your bank all your money to keep. They lend your money to other customers and earn money on interest and fees. But they also make money by charging you fees for all kinds of crazy stuff. Essentially you are paying banks so they can hold your money for you while using it to make money for themselves.

Now, I get that that’s how the economy works and it’s safer to keep money at the bank than under your mattress or in the pillow.

But it still gets me anyway.

OK, so there is nothing you can do about that really. But when the opportunity presents itself, you must take advantage of it.

When a bank is offering sign up bonuses and promotions, you should 100% go for it IF you are already thinking about opening a new account.

Basically these banks are giving away free money. You’d be crazy not to take it!

So, if you don’t want to miss out, read on to find out what banks gives you the best bang for your buck, literally!

Top Bank Account Promotions

Here are the best bank promotions current as of the month of January 2019.

Checking Account Promotions

Many banks will give customers who open a checking account a bonus. This is a good way to add hundreds to your bank account!

1. Chase Total Checking Account

• Sign up Bonus: $200

When you open a new Chase Total Checking Account, you’ll get $200. To qualify for this bonus, you’ll need to deposit at least $25 into your account when you first open it and set up a direct deposit.

2. TD Premier Checking

• Sign up Bonus: $300

The TD Premier Checking Account gives new customers a bonus of up to $300. You can get this bonus when you receive direct deposits of $2,500 or more within 60 days of opening your account.

3. TD Convenience Checking

• Sign up Bonus: $150

You can earn up to $150 when you open up a TD Convenience Checking Account. You can get this bonus when you receive direct deposits of $500 or more within 60 days of opening your account.

4. Chase Sapphire Checking Account

• Sign up Bonus: 60,000 points

You can get 60,000 Chase Ultimate Rewards bonus points when you join Sapphire Banking.

If you already have an account with Chase, you can enter your email address to get an upgrade code and bring your upgrade code to a branch. So, basically, you need to upgrade to a Chase Sapphire Checking Account.

If you’re a new customer, then you can open up an account, and the coupon code will automatically be applied.

This bank promotion expires on 03/05/2019.

You’ll need to transfer $75,000 or more in qualifying new money or securities to a mix of eligible checking, savings, and/or investment accounts. You’ll also need to maintain that balance for at least 90 days. Once you’ve done that, you’ll get the bonus points to your Chase Sapphire Card with Ultimate Rewards.

5. Capital One 360 Checking

• Sign up Bonus: $25

Open up a Capital One 360 Checking Account, and you’ll get a $25 bonus.

6. Bank of America Checking Account

• Sign up Bonus: $100

Are you looking for Bank of America promotions?

Then check out this offer.

When you open a Bank of America Checking Account, you can get a $100 bonus.

Open a checking account by February 28, 2019. Then, set up and receive at least two qualifying direct deposits of at least $250 within the first 90 days of opening your account.

This offer is only available to new customers who don’t already have a personal checking account with the Bank of America.

7. SunTrust

• Sign up Bonus: $750

Get a $750 bonus when you open up a SunTrust checking account.

There are three reward levels:

• $250: Get a $250 bonus when you open a SunTrust Advantage Checking Account, and complete the qualification steps.
• $500: Open a new SunTrust Advantage Checking account and bring in $25,000 in total new balances within 30 days of your account opening, and you can get a $500 bonus. You’ll need to maintain these balances for at least 90 days after your account opening.
• $750: Get a $750 bonus when you open a new SunTrust Advantage Checking account and bring in $100,000 in total new balance within 30 days. And then you’ll need to maintain the balance for at least 90 days after your account opening.

8. HSBC Advance Checking

• Sign up Bonus: $350

HSBC Advance Checking gives you a great Welcome Deposit offer.

When you open an HSBC Advance Checking Account and complete the qualifying activities, you can get a bonus of $350.

To take advantage of this offer, you need to deposit a minimum of $10,000 in combined checking and savings accounts within 30 calendar days of your account opening.

Then you need to maintain at least the minimum qualifying balance for 90 calendar days from the date that you deposited the minimum amount.

You need to open your Advance Checking Account by March 29, 2019.

You’ll automatically get the $350 Welcome Deposit to your new HSBC Advance Checking Account, around eight weeks after you complete qualifying activities.

9. HSBC Choice Checking Account

• Sign up Bonus: $200

Get a Welcome Deposit of $200 when you open a new HSBC Choice Checking Account online, by March 29, 2019. You need to deposit at least $1,500 into combined checking and savings accounts within 30 calendar days of account opening.

You’ll need to maintain at least the qualifying balance for at least 90 calendar days from the date you deposited the minimum amount.

Around eight weeks after you complete the qualifying activities, you will automatically receive a $200 Welcome Deposit to your HSBC Choice Checking Account.

10. HSBC Premier Checking Account

• Sign up Bonus: $750

Get a Welcome Bonus of $750 for starting a new HSBC Premier Checking Account. Like with most bank promotions, you’ll need to complete a few activities to be eligible for this bonus.

Deposit a minimum of $100,000 or more in combined checking, savings, and/or eligible investment accounts within 30 days of opening your account, and you’ll get the bonus. You’ll also need to maintain this minimum amount for at least 90 calendar days from the date you deposited it.

After eight weeks, you’ll get the $750 bonus if you complete the qualifying activities.

This is another offer from HSBC that expires on March 29, 2019.

11. Wells Fargo Everyday Checking Account

• Sign up Bonus: $150

Open up an Everyday Checking Account online by January 25, 2019, and you can get a $150 bonus. You’ll need to make a minimum opening deposit of $25 to fund your account.

To get your $150 bonus, within 60 calendar days of account opening, you need to receive direct deposits with a cumulative total of $500 or more into the new checking account.

Finally, if you continue to receive qualifying direct deposits with a cumulative total of $500 or more, every 30 days for an additional 150 days after the initial 60-day qualification period, then you’ll get an extra $100 bonus!

It’s important to note that this is an exclusive, online-only offer, so it’s not valid when you open an account at a branch or over the phone.

12. Elements Financial High Interest Checking Account

• Sign up Bonus: $200

Get a $200 cash bonus when you open a new Elements High Interest Checking Account. You also get 2% APY.

You’ll need to make a minimum recurring monthly direct deposit of $500 within 60 days of your account opening.

You’ll need to use a code to get this offer – you can get this code on the page that we linked to above.

It’s important to note that this offer is only available to state of Indiana employees and their families.

13. BB&T Bright Banking Checking Account

• Sign up Bonus: $200

Open a BB&T Bright Banking Checking Account by March 14, 2019, and you could get a $200 bonus.

To get the bonus, just complete one of the following activities within 75 days of account opening:

• Enroll in and receive two direct deposits that are worth at least $100.
• Use BB&T bill pay to initiate three online payments of $25 or more each.

Checking Account Cash Bonus Offers

14. Salem Five Checking Account

• Sign up Bonus: Free Subscription

Open a Salem Star or Gold Star Checking account, and make a direct deposit of $1,500 or more within the first 60 days and you can get a subscription free for a year!

This is a really interesting offer.

Basically, you can get a free subscription to Netflix, Spotify, Birchbox, Harry’s, or Graze for free for a full year – up to $14.95 a month!

15. UNIFY Checking Account

• Sign up Bonus: $150

Get a $150 bonus when you open a qualifying UNIFY Checking Account. This offer expires on March 31, 2019. You get a $50 bonus when you open your account.

Then you can get another $50 bonus when you set up a recurring ACH Direct Deposit of at least $500 aggregate per month.

Finally, you can get an additional bonus of up to $50 when you earn a $1 bonus for each debit card transaction that’s worth $5 or more made with your UNIFY Visa Debit Card within the first 60 days of account opening.

16. PNC Virtual Wallet with Performance Select

• Sign up Bonus: $300

Are you looking for PNC bank promotions?

Then take a look at this offer.

When you open a new Virtual Wallet with Performance Select, you can get a $300 checking account bonus. You’ll need to receive $5,000 or more in qualifying direct deposits into your new account. You also need to make at least 10 purchases with the PNC Bank Visa Debit Card that you linked to your account.

Also, you need to get at least $300 deposited into your account

This offer is available through March 31, 2019.

17. PNC Virtual Wallet with Performance Spend

• Sign up Bonus: $200

Open a new Virtual Wallet with Performance Spend, complete the qualifying activities, and you could get a $200 bonus. You need to establish total qualifying direct deposits of $2,000 or more into your new account.

You also need to make at least 10 purchases with the PNC Bank Visa Debit Card that you linked to your new account. Additionally, you need to get $200 deposited into your account.

This offer is available through March 31, 2019.

Savings Account Promotions

You can also get some great bonuses when you open up a savings account. So you get the benefits of having a savings account and some extra cash to get you started with saving.

18. Chase Savings Account

• Sign up Bonus: $150

There’s a $150 bonus available to customers who set up a Chase Savings Account. You can get this bonus when you open a new Chase Savings account, and deposit $10,000 within 20 business days. You’ll need to maintain that $10,000 balance for 90 days to get the bonus.

19. Citizen Bank CollegeSaver Account

• Sign up Bonus: $1000

The CollegeSaver Account from Citizen Bank is an interesting account if you’re looking to start saving for your child. With this account, you can get a $1,000 bonus.

You’ll need to open the account before your child’s 12^th birthday.

If you have a child aged 6 years old to 11 years old, then you have to deposit an initial $50, and then continue to save at least the required monthly minimum amount each year.

If your child is under the age of six, then you need to deposit at least $25 when you open the account and continue to save at least that amount each month.

When your child turns 18, you get the $1,000 bonus plus interest. It’s a good account for saving in general, as it pays decent interest, and the $1,000 bonus is great.

20. CIT Bank Premier High Yield Savings

• Sign up Bonus: 1.55% interest

This isn’t a bonus per se, but it is a really great deal, which is why we’ve included it on our list.

The CIT Bank Premier High Yield Savings Account gives you a great interest rate of 1.55%

There’s a $100 minimum opening deposit.

This interest rate is great, as it can actually net you a higher amount than many of the bonuses on this list!

For example, if you deposited $10,000 and then deposit $1,000 each month for 12 months, then in interest, you’ll earn around $257.45 in just a year!

21. Capital One 360 Savings

• Sign up Bonus: $25

Capital One 360 Savings offers a $25 bonus when you open an account. It’s another good bank promotion from Capital One.

22. Capital One360 Money Market

• Sign up Bonus: $100

Open up a Capital One 360 Money Market account, and you can get a $100 bonus.

23. Discover Online Savings Account

• Sign up Bonus: $200

Open a Discover Online Savings Account and you can get a $150 to $200 bonus. You’ll need to deposit at least $15,000 to get the $150 bonus. To get the $200 bonus, you need to deposit at least $25,000.

And you must open your account by 01/31/19 to get these bonuses.

Credit Card Promotions

Many banks offer bonuses to customers who open up a credit card account. If you’re looking to get a credit card, then consider one of the cards below.

Please keep in mind that some credit cards charge an annual fee, so make sure that you check that, as well as the interest rate you’ll be charged, and any other important terms and conditions before you apply for a card.

Let’s take a look at some of the best credit card promotions of 2019.

24. Capital One VentureOne Rewards Card

• Sign up Bonus: 20,000 bonus points

The Capital One VentureOne Rewards Card is a travel credit card. Spend $1,000 on purchases within the first three months of your account opening, and you’ll get 20,000 bonus points.

These points are worth about $200, so this is definitely a great bonus!

25. Capital One Savor Dining Rewards

• Sign up Bonus: $500

Savor Dining Rewards is a rewards credit card from Capital One that gives you cashback on dining, entertainment, groceries and other purchases. If you get this credit card, then you’ll get a $500 cash bonus! You just need to spend $3,000 on purchases within the first three months of your account opening.

26. Blue Cash Everyday Card from American Express

• Sign up Bonus: $200

The Blue Cash Everyday Card from American Express gives you a $200 bonus. Just spend $1,000 on purchases with the card during the first three months of account opening, and you’ll get $200 in the form of a statement credit.

27. Blue Cash Preferred from American Express

• Sign up Bonus: $200

Blue Cash Preferred from American Express is another card that gives you a great bonus, if you meet the requirements for the offer. With this card, if you spend $1,000 on purchases during the first three months, then you get $200 back in the form of a statement credit.

28. Citi AAdvantage Platinum Select World Elite Mastercard

• Sign up Bonus: 50,000 bonus points

The Citi AAdvantage Platinum Select World Elite MasterCard gives you 50,000 American Airlines AAdvantage bonus miles.

You get 40,000 AAdvantage bonus miles after you make $2,000 in purchases in the first three months. Then, once you make a total of $6,000 in purchases within 12 months of account opening, you’ll get another 10,000 bonus miles.

You can redeem these miles for free flights – starting at as low as 7,500 points!

29. Citi/AAdvantage Executive World Elite MasterCard

• Sign up Bonus: 50,000 bonus points

This is another card you can use to get free flights! When you spend $5,000 on the card during the first three months of opening your account, you’ll get 50,000 American Airlines AAdvantage bonus miles, and an Admirals Club membership.

30. Citi Business/ Advantage Platinum Select World MasterCard

• Sign up Bonus: 70,000 bonus points

The Citi Business/Advantage Platinum Select World MasterCard is a business travel credit card. With it, you can get 70,000 American Airlines AAdvantage bonus miles. You just need to spend $4,000 on purchases during the first four months of account opening.

31. American Airlines AAdvantage MileUp Card

• Sign up Bonus: 10,000 bonus points + $50 credit

American Airlines AAdvantage MileUp Card gives you 10,000 American Airlines AAdvantage bonus miles and a $50 statement credit. Just make $500 worth of purchases during the first three months of your account opening. You can redeem your miles for flights, upgrades to First Class, car rentals, hotel stays and vacation packages.

32. Citi ThankYou Premier Credit Card

• Sign up Bonus: 50,000 bonus points

The Citi ThankYou Premier Credit Card gives you 50,000 bonus points when you make $4,000 worth of purchases with your card. You need to make these purchases within the first three months of your account opening.

33. Citi Rewards Student Card

• Sign up Bonus: 2500 bonus points

With the Citi Rewards Student Card, you can get 2,500 bonus points when you spend $500 within the first three months of account opening.

34 AT&T Access Card From Citi

• Sign up Bonus: 10,000 bonus points

The AT&T Access Card from Citi gives you bonus points. You get 10,000 bonus points when you make $1,000 in purchases in the first three months of account opening. This is worth up to $100, depending on how you redeem the points.

35. Expedia Rewards Card from Citi

• Sign up Bonus: 10,000 bonus points + $50 credit

The Expedia Rewards Card from Citi gives you two great bonuses.

You can earn a $50 statement credit after your first eligible Expedia purchase that’s greater than $50, within the first three months of account opening.

Also, you can earn 10,000 Expedia Rewards bonus points when you spend $1,000, within 3 months of account opening.

36. PNC Cash Rewards Visa Credit Card

• Sign up Bonus: $100

The PNC Cash Rewards Visa Credit Card offers a $100 bonus when you spend $1,000 or more during the first three billing cycles.

37. PNC Core Visa Credit Card

• Sign up Bonus: $100

The PNC Core Visa Credit Card offers a $100 bonus after you spend at least $1,000 on purchases during the first three billing cycles following your account opening.

38. PNC Points Visa Credit Card

• Sign up Bonus: 50,000 bonus points

The PNC Points Visa Credit Card gives you 50,000 bonus points when you make $750 in purchases during the first three cycles following your account opening.

39.. Elements Visa Credit Card

• Sign up Bonus: $300

This offer is only available to state of Indiana employees and their families. Open any Elements Visa Credit Card account, and you’ll get $300 cashback value.

The only cards excluded from the offer are the Secured credit card and Butler University Rewards credit card. Also existing Elements credit cardholders are not eligible for the bonus.

To get this bonus, you’ll need to complete at least 10 card purchase transactions, totaling at least $1,000, within 90 days of card approval. Once you complete the qualifying activities, you get the bonus as a $300 statement credit. You need to allow four to six weeks to receive the bonus.

Other Bank Promotions

Above, we’ve listed promotions that you can get for opening savings accounts, checking accounts, and credit card accounts.

But, in this section, we’re going to look at other great bank promotions.

Many of the promotions in this section are available when you open up a checking account and a savings account with the same bank.

So, check out the promotions below, and start earning!

40. U.S. Bank Start Smart Savings Program

• Sign up Bonus: $100

With the Start Smart Savings Program from U.S. Bank, you can get $100 in bonuses!

You need to open a Silver Checking Package with a Package Money Market Savings account and enroll in START Smart.

You get automatic transfers from your checking account to your savings account

You get a 1% bonus, up to $50 for purchases.

Then you also get a $50 bonus when you reach your savings goal within 12 months of enrollment.

41. Chase Savings and Checking Account

• Sign up Bonus: $200

If you open up a Chase Total Checking account, and get the $200 bonus that we mentioned above, and a savings account too, earning you the $150 bonus we mentioned above, then you’ll get a $350 bonus in total.

42. BMO Harris Bank at Work

• Sign up Bonus: $25

The BMO Harris Bank at Work bonus is an exclusive offer that’s only available to Bank at Work and Group Banking Services customers.

You can get a cash bonus of up to $250 when you open qualifying new products and services:

• Open a new personal checking account, and make qualifying direct deposits, and you’ll get a $100 cash bonus.
• Get a $50 cash bonus when you also open a new Statement Savings account, with $1,000 in new money.
• When you also open a New BMO Harris Health Savings Account, you get a $50 cash bonus.
• Finally, when you sign up for eStatements, you can get a $50 cash bonus.

43. Charles Schwab

• Sign up Bonus: $100

You can get a $100 bonus from Chares Schwab. Just choose the type of account that you want to open and then after you make your selection, a referral code will automatically be applied.

Then, just follow the onscreen prompts to continue the account opening process – it usually only takes around 10 minutes to open a Charles Schwab account.

Around 30 days after you’ve opened an eligible account, you’ll receive $100.

To be eligible for this promotion, you must be a new client who doesn’t have an account with the bank, other than a Stock Plan Services account. You must maintain the account for at least a year.

Closing Thoughts

There are so many bank promotions out there that can get you extra cash.

Give one of these accounts a try, and give your balance a boost easily!

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Are you looking for a checking account with more rewards for 2021? You’re in luck as we’ve rounded up the best checking account bonuses, giving you an excellent place to start. If you’re wondering if bank bonuses are worth it, know that banks are willing to reward your loyalty by giving you cash rewards.

The Best Checking Account Bonuses for 2021

It’s easy to solely focus on maximizing credit card bonuses but overlook checking accounts. After all, credit cards tend to be more exciting and are usually advertised more frequently. However, having the right checking account can both pad your wallet and make it easy to access your cash.

However, note that before applying for any bonus, make sure you read the bonus offer details. Look for any potential fees. Don’t give back your earnings to the bank because of extra fees.

Here are some of the best checking account bonuses for 2021.

Chase Bank ($200 Bonus Cash)

Chase Total Checking® is offering the chance to earn $200 for a limited time. To earn the full $200 bonus:

• Open a Chase Total Checking® account by 04/14/2021
• Set up direct deposit
• Receive the money within 15 business days

This checking account is great for personal banking because it’s easy to waive the monthly fee. However, you will need to pay non-Chase ATM fees, money orders, and anything other than essential Chase banking services. If you need local bank access for deposits and withdrawals, this is a good option. Both the online and mobile Chase Bank platforms are free to use.

You can waive the $12 monthly account fee by meeting one of these conditions:

• Direct deposits of at least $500 per month OR
• Minimum $1,500 balance at the beginning of the day OR
• Average $5,000 or more daily balance in any combination of this account and linked qualifying Chase checking, savings, and other balances

Having a Chase Total Checking® account doesn’t automatically waive the monthly fee for your linked Chase Savings℠ account.

If you’re interested in a business account, check out the Chase Business Complete Banking℠ option. Account-holders have multiple ways to waive monthly service fees, including maintaining a minimum daily balance or purchases on their Chase Ink® Business credit card. New members can get $300 as a new Chase business checking customer when you open a Chase Business Complete Banking℠ account with qualifying activities. This offer expires 04/15/2021.

Related: Best Chase Checking Accounts

CIT Bank

The CIT Bank eChecking account doesn’t offer a signup bonus but offers these perks:

• No monthly service fees
• The entire account balance earns interest
• Up to $30 in monthly non-network ATM fee reimbursements
• Online bill pay

The minimum initial deposit is $100. You do not need to enroll in direct deposit or maintain a minimum balance, hassles that some of the other banks require to earn a bonus or waive the monthly service fee. Having an average daily balance of at least $25,000 waives the $10 outgoing wire transfer fee.

An eChecking account can be your best option if you want a (mostly) fee-free checking account or only have a small amount of cash to deposit. Two incidental fees you might pay are a $30 overdraft fee and a 1% fee for international purchases and ATM withdrawals. While CIT Bank is an online-only bank, you have plenty of ways to access your cash. For instance, you can transfer money to friends using Zelle, Samsung Pay, or Apple Pay.

Savings Options Worth Mentioning

CIT Bank has several savings account options you may like as well. The CIT Bank Money Market Account requires a $100 initial deposit. Unlike other money market products, this one doesn’t come with a debit card or paper checks. But you can enroll in online bill pay and can make up to six free monthly withdrawals. This account can be a good option if you don’t want separate savings and checking accounts.

The CIT Bank Savings Builder High Yield Savings Account can motivate you to save at least $100 each month. After the minimum $100 initial deposit, a recurring monthly deposit of $100 (or a minimum $25,000 account balance) lets you earn up to 0.40% APY. This interest rate is higher than most standard savings accounts.

Each account can have higher interest rates and make it easier to waive the monthly service fee than most brick and mortar banks.

Chime Bank

The information for Chime Bank has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

Chime Bank offers a free Spending Account that’s similar to checking accounts that banks offer. There are no monthly account fees and you get a free Visa debit card. You cannot get a paper checkbook but Chime will mail checks of up to $5,000 for free within the 50 states and Washington, D.C.

Your Chime Spending Account includes these perks:

• Free-free SpotMe overdraft protection
• Receive direct deposits up to two days early
• Over 38,000 fee-free ATMs (MoneyPass and Visa Plus Alliance networks)
• Instant money transfers to other Chime members
• $0 initial deposit
• No minimum balance requirement

You can qualify for free SpotMe overdraft protection when you receive at least $500 in monthly direct deposits. Your overdraft protection limit is between $20 and $100. Chime uses your next deposit to repay the negative payment balance.

Your Chime Visa debit card can make fee-free withdrawals at MoneyPass and Visa Plus Alliance ATMs across the United States. If you forget your card, the Chime App lets you instantly freeze and unfreeze your card.

Savings Accounts Worth Mentioning

One downside of opening a Chime Bank Spending Account is no signup bonus. Chime Bank is a good option if you’re new to banking or want a simple fee-free account. If you transfer money to friends often, Chime Bank has fewer instant transfer capabilities than other banks. You can make instant transfers to other Chime members using Chime’s Pay Friends mobile app. Chime supports other third-party payment apps including Apple Pay and Google Pay.

It’s possible to make up for the lack of a Spending Account bonus by stashing your extra cash into a High Yield Chime Savings Account. All deposits currently earn 1.00% APY with no required minimum balance. You won’t pay a monthly account fee with this savings account either.

You can optimize your spending and savings accounts by enabling savings round-ups with your Chime debit card. Chime can round up your debit card purchases and transfer the round-up to your savings account. It’s also possible to schedule recurring transfers from each Spending Account direct deposit.

Citi (Up to $700)

The information for Citi has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

Citi is currently offering a checking account bonus worth up to $700. You will also need to open a new eligible checking and savings account and complete the required activities to earn the full bonus. Here’s how much you can earn if you complete the following activities:

• $700 cash bonus: Open a new eligible checking and savings account in the Citi Priority Account Package during the offer period (01/06/2021 to 04/01/2021); Deposit $50,000 in New-to-Citibank funds between the new checking and savings accounts within 30 days of account opening; Maintain a minimum balance of $50,000 between the checking and savings accounts for 60 consecutive calendar days. You will receive your bonus within 90 days after completing the required activities.

If depositing $50,000 is a bit too steep, you may consider the Basic Banking Package that earns $300.

• $300 cash bonus: Open a new eligible checking and savings account and complete required activities in the Citibank Account Package during the offer period 01/06/2021 to 04/01/2021; Within 30 days of opening your account, deposit $15,000 in New-to-Citibank funds into the new checking and savings accounts; Maintain a minimum balance of $15,000 between the checking and savings accounts for 60 consecutive calendar days.

Related: Best Citi credit cards

Bank of America ($100 Bonus Cash)

The information for Bank of America has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

The Bank of America has one of the smallest yet easiest bonus offers to earn. Non-BofA customers can earn $100 by opening one of three Advantage Banking checking accounts. It’s possible for current BofA customers to qualify for a targeted bonus as high as $300.

Open an eligible account by June 30, 2021, using this link, and make a minimum initial deposit ($25 or $100). Then, set up and receive two qualifying direct deposits of at least $250 each within 90 days of account opening.

All three checking account options let you earn Preferred Rewards with select credit cards including the Bank of America Travel Rewards.

Related: Best Bank of America credit cards

HSBC (Up to $450 Bonus Cash)

The information for HSBC has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

If you have a high net worth, check out the HSBC checking account promotions. It’s possible to get up to $450 bonus cash which is a large checking account bonus.

As a heads up, HSBC bonus offers have some of the strictest terms and conditions. After meeting the initial account setup rules, you may need to maintain minimum activity for several months.

Premier Checking

You will need to open a Premier Checking account to get a $450 cash bonus. The promotion requirements include:

• Opening an account by March 31, 2021
• Make recurring monthly Qualifying Direct Deposits totaling at least $5,000 from a third party to your HSBC Premier checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening
• Automatically receive a $450 Welcome Deposit in your checking account 8 weeks after completing qualifying activities

Premier Checking benefits include:

• No fees on everyday banking transactions (includes wire transfers)
• Unlimited ATM withdrawals
• Global Premier status at all worldwide HSBC affiliates

Advance Checking

An easier HSBC promotion to qualify for is for an Advance Checking account. You get a $200 cash bonus after these actions:

• Open an account using this webpage by March 31, 2021
• Make recurring monthly Qualifying Direct Deposits totaling at least $500 from a third party to your HSBC Advance checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening
• Automatically receive a $200 Welcome Deposit in your checking account 8 weeks after completing qualifying activities

Santander ($400 Bonus Cash)

The information for Santander has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

Open a Santander Simply Right checking account and you can earn $400 bonus cash:

• Open a Simply Right checking account by March 31, 2021, using the unique promotion code shown on this page after you provide your name and email address
• Direct deposits must total $4,000 or more within the first 90 days
• Keep your account open for at least 90 days

This offer is only available to residents of NH, MA, RI, CT, DE, NY, NJ, or PA. If you live in one of these states, this can be one of the easier checking account bonuses to earn.

PNC Bank (Up to $200 Bonus Cash)

The information for the PNC Bank has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

You can earn $200 by joining PNC Bank.

• $200 bonus cash: Open and establish total qualifying direct deposit(s) of $2,000 or more to the new Virtual Wallet Checking Pro.

To qualify, the new Virtual Wallet Checking Pro must be opened by 03/01/2021 and a qualifying Direct Deposit(s) must be received within the first 60 days. The account must remain open in order to receive the reward, which will be credited on the account statement within 60-90 days after all conditions have been met.

Associated Bank (Up to $500)

The information for Associated Bank has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

Living near an Associated Bank branch lets you earn up to $500 through May 31, 2021.

You will earn the first $400 by:

• Open an Associated Choice Checking account
• Have direct deposits totaling $500 or more into your new checking account, within 90 days of account opening
• Add funds into your checking or other deposit accounts
• Collect your bonus in 120 days

Summary of Best Checking Account Bonuses 2021

If you live in a region served by one of the brick and mortar banks, this can be a fun way to add some extra cash to your wallet. Banks may only offer these banks to new customers. If you can achieve the bonus offer requirements, it can be worth opening a new bank account. Hopefully one of these best checking accounts bonuses in 2021 options works for you.

FAQs

Which banks offer a bonus for opening an account?

Most national banks offer one-time signup bonuses for new bank customers. It’s possible to earn bonuses for opening new checking and savings accounts. How much you can earn depends on which account you open and the bonus requirements.

For instance, offers that require larger initial deposits or direct deposits tend to offer higher bonus payouts.

Some of the banks to consider looking at first include:

• Chase
• Citi
• Bank of America
• Wells Fargo
• PNC
• Fifth Third Bank
• US Bank
• HSBC
• TD Bank

You are less likely to find bonus offers for online-only banks. However, it’s easier to avoid ongoing fees that traditional banks usually charge.

Are checking account bonuses taxable?

Yes, any bonus cash you earn from a checking account or savings account signup offers is taxable income. When your bank sends you a Form 1099 tax form to report your taxable interest earned for the calendar year, this form will include your bonus cash too.

Paying income tax is one downside of checking account bonuses. To avoid this tax, you may focus on earning credit card signup bonuses which are not subject to taxes under current tax rules.

Which bank is best to open a checking account?

The best bank to open a checking account mostly depends on where you live. Most brick-and-mortar banks require you to enter your zip code to see your available account options. For example, you may live in an area served by Chase Bank but not by Bank of America.

If possible, try opening a Chase Bank checking account first. They make it easy to avoid recurring fees with the Chase Total Checking® account. If you have a large cash surplus, you may consider opening a Chase Sapphire℠ Checking account. This “ultimate” account gives you complimentary access to most banking services. It can also be a good fit if you own a Chase Sapphire Preferred® Card or Chase Sapphire Reserve®.

To easily avoid fees, consider joining an online bank like Capital One 360 or Discover Bank. If you don’t need local branch access, this is a free way to get a debit card and have a place to enroll in direct deposit.

Related Articles:

• Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases.
• 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases.
• Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
• With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
• Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
• Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services.

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Best Bank Bonus Now Without Direct Deposit Requirements

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