The best checking account bonus offers can be found here. Earn up to $700 just by applying for a checking account and completing the qualifying activities.

Best Checking Account Bonus Offers

Updated February  10, 2021

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In 2016, Bain & Company completed a study on banking loyalty. They found that 29% of people would switch banks if it were easy to do so.  In a few short years, the growth of online and mobile banking has made that process of switching much easier.

What does that mean for us consumers? It means banks are increasing their incentives to attract new business and for consumers to open accounts with their bank.

Many people play the credit card game, of opening new credit cards and earning the promotional bonus offer by spending “x” amount in the first couple of months. Well we would like to introduce the Checking and Savings account game, which can be just as lucrative but with less potential down side.

HOW DOES IT WORK?

Each offer will likely be a little different, but there are several common characteristics of these banking promotional offers.  The bank will require a series of activities, these activities are designed to integrate you and push you to use the newly opened account, in hopes of increasing loyalty.  

These activity requirements are usually in the form of direct deposit, debit card usage, and account balance thresholds.  Typically, the more difficult the requirements, the higher the bonus offer.  We will help guide you to offers that are easiest and have the highest earning potential with our star system.

One caveat to be aware of in the checking and savings account game, is that these accounts may have monthly maintenance fees. At Money Under the Cushion we are not a fan of these fees because it dips into our profits, so we will also provide guidance on how these fees can be avoided. 

Banking offers SUMMARY:

1. Chase Total Checking - $200 bonus

Chase is offering $200 to new customers who open an account and set up direct deposit. How to receive the bonus:

1.  Open a Chase Total Checking account by 4/14/2021

2a.  Set up direct deposit and have at least one direct deposit made into the account in the first 90 days of opening.

3. Receive the $200 bonus within 15 days of completing the activities

How to Avoid Monthly Fees – $500 or more in direct deposits per month OR balance of $1,500 or more at the beginning of each day OR average daily beginning balance of $5,000 between all Chase linked accounts.

5/5

2. Citibank Basic Banking Package - $300 bonus

Citibank has three different account offers to earn a bonus with. How to receive the $300 bonus:

1.  Open an eligible account in basic banking package between 1/6/2021 – 4/01/2021

2.  Within 30 days of opening your account deposit at least $15,000

3.  Maintain $15,000 or more for 60 consecutive calendar days

How to Avoid Monthly Fees – Make a one direct deposit AND on bill payment per month OR have a combined monthly average of $1,500 in eligible Citibank accounts.

4.5/5

3. Citibank Priority Account Package - $700 bonus

Citibank has three different account offers to earn a bonus with. How to receive the $700 bonus:

1.  Open an eligible account in priority account package between 1/6/2021 – 4/01/2021

2.  Within 30 days of opening your account deposit at least $50,000

3.  Maintain $50,000 or more for 60 consecutive calendar days

How to Avoid Monthly Fees – Make a one direct deposit AND on bill payment per month OR have a combined monthly average of $50,000 in eligible Citibank accounts.

3.75/5

4. HSBC Advance Checking Account (welcome bonus) - $200 bonus

HSBC has two different account offers to earn a bonus with. How to receive the $200 bonus:

1.  Open the HSBC Advance checking account by 3/31/2021

2.  Make direct deposits totaling +$500 per month for three consecutive months, starting the on the second month of the account opening

3.  Receive the $200 bonus within eight weeks of fulfilling the account bonus activities 

How to Avoid Monthly Fees – Balances of +$5,000 in eligible HSBC accounts OR one monthly direct deposit OR residential mortgage through HSBC

4.25/5

5. HSBC Advance Checking Account (cash bonus) - up to $240 bonus

This cash bonus offer is fairly unique as HSBC will give a 3% bonus for direct deposit money deposited into the account during the first 6 months.

1.  Open the HSBC Advance checking account by 3/31/2021

2.  Set up direct deposits into the new account

3.  Receive a 3% bonus on money deposited into the account through direct deposit. Up to $40 per month, totaling a bonus potential of $240 during the 6 month bonus offer. 

How to Avoid Monthly Fees – Balances of +$5,000 in eligible HSBC accounts OR one monthly direct deposit OR residential mortgage through HSBC

4.25/5

6. HSBC Premiere Checking Account (welcome bonus) - $450 bonus

HSBC has two different account offers to earn a bonus with. How to receive the $450 bonus:

1.  Open the HSBC Advance checking account by 3/31/2021

2.  Make direct deposits totaling +$5,000 per month for three consecutive months, starting the on the second month of the account opening

3.  Receive the $475 bonus within eight weeks of fulfilling the account bonus activities 

How to Avoid Monthly Fees – Balances of +$75,000 in eligible HSBC accounts OR monthly direct deposits of +$5,000 OR residential mortgage through HSBC with an original loan amount of +$500,000

3.5/5

7. HSBC Premiere Checking Account - up to $600 bonus

This cash bonus offer is fairly unique as HSBC will give a 3% bonus for direct deposit money deposited into the account during the first 6 months.

1.  Open the HSBC Advance checking account by 3/31/2021

2.  Set up direct deposits into the new account

3.  Receive a 3% bonus on money deposited into the account through direct deposit. Up to $100 per month, totaling a bonus potential of $600 during the 6 month bonus offer. 

How to Avoid Monthly Fees – Balances of +$75,000 in eligible HSBC accounts OR monthly direct deposits of +$5,000 OR residential mortgage through HSBC with an original loan amount of +$500,000

3.5/5

8. Bank of America New Checking Account - $100 bonus

Open any Bank of America account online with a $25 deposit. Here’s how to receive the $100 bonus:

1.  Open a Bank of America checking account by 06/30/2021

2.  Receive two direct deposits of at least $250 within 90 days of account opening

3.  Bonus will be deposited into your account within 60 days of completing the qualifying activities

How to Avoid Monthly Fees – Different accounts have various requirements, the Bank of America Advantage SafeBalance account only requires enrolling in the preferred awards

3.5/5

9. Sunflower Bank - $200 bonus

Earn a $200 bonus from Sunflower Bank when you open one of the following accounts (Convenience, Spend & Sign& Save, Elite, Superb, Premier and SunNet) and complete the below activities:

1.  Open account with a $100 minimum deposit

2.  Complete 25 or more debit card purchases 

3.  Have direct deposits totaling $500 or more by 04/30/2021

4. Keep the account open until 05/06/2021 with a positive balance and get paid the $200 bonus by end of day 05/07/2021

10. PNC - $200 or $400 bonus

PNC offers three different bonus opportunities depending on the type of virtual wallet opened. Here’s how to receive the bonuses:

1.  Open a virtual wallet account by 3/1/2021

2.  Within 60 days of account opening receive direct deposits totaling $2,000 for the virtual wallet with performance spend account ($200 bonus) or $5,000 for the virtual wallet with performance select account ($400 bonus) 

3.  Bonus will be deposited into your account within 60 – 90 days after completing the qualifying activities

* Enter zip code in the link below to determine eligibility for the bonus

How to Avoid Monthly Fees:

Virtual Wallet – $500 in direct deposits OR average balance of $500 in spend and reserve OR ages +62

Virtual Wallet Performance Spend – $2,000 in direct deposits OR average balance of $2,000 in spend and reserve OR $10,000 in combined monthly balance

Virtual Wallet Performance Select – $5,000 in direct deposits OR average balance of $5,000 in spend and reserve OR $25,000 in combined monthly balance

11. TD Bank Beyond Checking Bonus - $300

TD Bank offers two different bonus opportunities, here’s how to receive the $300 bonus:

1.  Open a Beyond checking account from the link below by 03/31/2021

2. Receive a total of +$2,500 in direct deposits within 60 days of account opening

3.  Once the bonus activities have been met, the bonus will added to your account within 95 days of account opening

* This account is not available in every state, so be sure to check your state for eligibility for the bonus

How to Avoid Monthly Fees – Have direct deposits over $5,000 OR maintain balance over $2,500

4.5/5

12. TD Bank Convenience Checking Bonus - $150

TD Bank offers two different bonus opportunities, here’s how to receive the $150 bonus:

1.  Open a Beyond checking account from the link below by 03/31/2021

2. Receive a total of +$2,500 in direct deposits within 60 days of account opening

3.  Once the bonus activities have been met, the bonus will added to your account within 95 days of account opening

* This account is not available in every state, so be sure to check your state for eligibility for the bonus

How to Avoid Monthly Fees – Have direct deposits over $5,000 OR maintain balance over $2,500

4.5/5

13. U.S. Bank - $100 - $400 bonus

Earn a $400 bonus from U.S. Bank by opening a consumer checking account using promotion code 2021Q1C

1.  Open consumer checking account be enrolled in e-statements by 03/31/2021

2. Receive 2 or more recurring direct deposits within 60 days of account opening. 

a. Direct deposits that total $1,000 – $1999.99 earn $100 bonus

b. Direct deposits that total $2,000 – 2,999.99 earn $200 bonus

c. Direct deposits that total $4,000 or more earn $400 bonus

3.  Once the bonus activities have been met, the bonus will added to your account within 60 days of account opening

Other Pages You May Like

1. iMoney – become an app tester and earn cash for each app you test.

2. Ibotta – save money at grocery stores by getting cash back with this app.

3. Rakuten – online shopping has never been this rewarding, app that helps you earn cash back.

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