$200 Checking Account Bonus for September 2023
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Did you know you can earn $200 by simply opening a checking account? But first, you need to find out if you are qualified.
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Opening a checking account doesn't have to be a chore. In fact, it can even be a rewarding experience. How? You can sometimes get $200 when you open your account!
See which banks currently offer this bonus. But more importantly, learn all the information you need to help you land the right offer.
Chase Total Checking® - $200 Bonus
- New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account and set up direct deposit
- Access to more than 15,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
- Minimum Deposit to Open: $0
- Direct Deposit Required: Yes
- Minimum Deposit Required: None
TD Convenience Checking℠ - $200 Cash Bonus
- New customers who apply online for a TD Convenience Checking℠ account can earn a $200 cash bonus after receiving direct deposits of $500 or more within 60 days. To qualify for this offer, you must be a U.S. resident and apply for the offer online. Offer is available in these states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
- Waive the $15 monthly maintenance fee with a low minimum daily balance of $100.
- Student perks: No monthly maintenance fee or minimum balance requirements if you're ages 17–23
- A little extra time. A lot of extra relief: Avoid fees with Grace Period, which gives you until 11 PM ET the next business day to fix an overdraft. Make sure your available balance is at least $0 by depositing enough to cover the overdrawn balance plus any additional transactions and TD will refund the overdraft fee to your checking account.
- Convenient locations with the longest hours around: We have over 1,100 locations from Maine to Florida that's open early, late, and weekends.
- Instant-issue debit card replacement: Instantly replace a lost or worn contactless debit card by visiting a TD Bank location near you
- Fast and secure payments: TD Bank debit cards are backed by the Zero Liability guarantee and 24/7 fraud monitoring
- Additional TD Bank checking account perks worth talking about: Get 24/7 access to all your TD accounts with Online & Mobile Banking, plus Bill Pay, Send Money with Zelle®, Mobile Deposit and Online Statements.
- Direct Deposit Required: Yes
- Minimum Deposit Required: $500 within 60 days
OneCard with Rewards Checking - $200 Bonus
- 3% cash back on everyday expenses (up to $500 in rewards per calendar year); 2% on everything else
- No annual fee
- Choose to Pay Now with no interest, or Pay Later
- $200 bonus when you also open and fund a new Upgrade Rewards Checking Plus account and make 3 qualifying purchases on your Upgrade OneCard and/or Rewards Checking Plus debit card within 60 days
Key Select Checking℠ - $200 Bonus
- Earn a $200 cash bonus when you open a Key Select Checking account by 12/8/23 and make one direct deposit of at least $500 within 60 days.
- Convenient banking at 40,000+ KeyBank and Allpoint ATMs.
- Key Select Checking℠ is a premium checking account that earns interest and a $100 annual cash bonus with qualifying activities
- Set custom alerts so you can receive text or email updates about the account information that's important to you.
- Move money easily with Zelle, mobile check deposit, online banking and more.
- Enjoy chip security, Tap & Go technology and all benefits of Mastercard.
- FDIC Insured. Up to the maximum allowable limit.
- Minimum Deposit to Open: $50
- Direct Deposit Required: Make the minimum opening deposit, plus one qualified direct deposit of at least $500 within the first 60 days of account opening.
Key Smart Checking® - $200 Bonus
- Earn a $200 cash bonus when you open a Key Smart Checking account by 12/8/23 and make one direct deposit of at least $500 within 60 days.
- Convenient banking at 40,000+ KeyBank and Allpoint ATMs.
- Key Smart Checking® is a no monthly maintenance fee account
- Set custom alerts so you can receive text or email updates about the account information that's important to you.
- Move money easily with Zelle, mobile check deposit, online banking and more.
- Enjoy chip security, Tap & Go technology and all benefits of Mastercard.
- FDIC Insured. Up to the maximum allowable limit.
- Minimum Deposit to Open: $10
- Direct Deposit Required: Make the minimum opening deposit, plus one qualified direct deposit of at least $500 within the first 60 days of account opening.
Here are some checking accounts to check out:
- Chase Total Checking®:
$200 Bonus - TD Convenience Checking℠:
$200 Cash Bonus - Bank of America Advantage Banking:
$200 Bonus Offer - PNC Bank:
Virtual Wallet Checking Pro - $200 Bonus - Upgrade:
OneCard with Rewards Checking - $200 Bonus - M&T Bank:
Personal Checking Account - Up to $200 Bonus - Ally Bank:
Personal Checking Account - $200 Bonus - Associated Bank:
Bank At Work - $200 Bonus - Mid-Hudson Valley Credit Union:
Personal Checking Account - $200 Bonus - Community First Credit Union:
Personal Checking Account - $200 Bonus - Fulton Bank:
Personal Checking Account - $200 Bonus - MIDFLORIDA Credit Union:
Personal Checking Account - $200 Bonus - Simplicity Credit Union:
Personal Checking Account - $200 Bonus - Everwise Credit Union:
Personal Checking Account - $200 Bonus - Arizona Central Credit Union:
Personal Checking Account - $200 Bonus - East Wisconsin Savings Bank:
Personal Checking Account - $200 Bonus - Notre Dame FCU:
Personal Checking Account - $200 Bonus - Clearview Federal Credit Union:
Personal Checking Account - $200 Bonus - CIBC Bank:
Personal Checking Account - $200 Bonus - Spokane Teachers Credit Union:
Personal Checking Account - $200 Bonus - North State Bank:
Personal Checking Account - $200 Bonus - TBK Bank:
Personal Checking Account - $200 Bonus - Hometown Bank:
Personal Checking Account - $200 Bonus - Vantage West Credit Union:
Personal Checking Account - $200 Bonus - Credit Union of America:
Personal Checking Account - $200 Bonus (Educators) - APG Federal Credit Union:
Personal Checking and Savings Account - $200 Bonus - KeyPoint Credit Union:
Student Checking Account - $200 Bonus - Town Bank:
Personal Checking Account - $200 Bonus - Ent Credit Union:
Personal Checking Account - $200 Bonus - Middlesex Savings Bank:
Personal Checking Account - $200 Bonus - Home Federal Savings Bank:
Personal Checking Account - $200 Bonus - Bar Harbor Bank & Trust:
Personal Checking Account - $200 Bonus - Chartway Federal Credit Union:
Personal Checking Account - $200 Bonus - Banner Bank:
Personal Checking and Savings Account - $200 Bonus - Eastern Bank:
Personal Checking Account - $200 Bonus - Prestige Community Credit Union:
Personal Checking Account - $200 Bonus - BMI Federal Credit Union:
Personal Checking Account - $200 Bonus - First South Financial Credit Union:
Personal Checking Account - $200 Bonus - Sunflower Bank:
Personal Checking Account - $200 Bonus - Union Bank & Trust:
Personal Checking and Savings Account - $200 Bonus - KeyBank:
Key Select Checking℠ - $200 Bonus
How to Get More Than $200 from Banks
Looking for higher bonuses? Check if you qualify for these bank promotions:
Citi Priority - Earn up to $2,000 Cash Bonus
- Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day
- New to Relationship customers can choose their Relationship Tier.
- Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
- Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
- If your balance falls to a lower Balance Level at any point during the maintenance period, the bonus changes.
- Bonus will be paid within 30 days after you successfully complete all required activities.
- Restrictions apply.
- Minimum Deposit to Open: $30k
BMO Smart Advantage Checking - $400 Cash Bonus
Open a new BMO Smart Advantage Checking online and get a $400 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 120 days of account opening. Offer is limited to one per customer and is not available for existing BMO personal checking customers (including signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months. Conditions apply.
- Direct Deposit Required: Yes
BMO Smart Money Checking - $400 Cash Bonus
Open a new BMO Smart Money Checking online and get a $400 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 120 days of account opening. Offer is limited to one per customer and is not available for existing BMO personal checking customers (including signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months. Conditions apply.
- Direct Deposit Required: Yes
BMO Relationship Checking - $600 Cash Bonus
Open a new BMO Relationship Checking and get a $600 cash bonus when you have a total of at least $7,500 in qualifying direct deposits within the first 120 days of account opening. Offer is limited to one per customer and is not available for existing BMO personal checking customers (including signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months. Conditions apply.
- Direct Deposit Required: Yes
TD Beyond Checking - $300 Cash Bonus
- New customers who apply online for a TD Beyond Checking account can earn a $300 cash bonus after receiving direct deposits of $2,500 or more within 60 days. To qualify for this offer, you must be a U.S. resident and apply for the offer online. Offer is available in these states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
- Three ways to go monthly maintenance fee-free: Monthly Maintenance fee waived when you set up direct deposits of $5,000 or more within a statement cycle, maintain a $2,500 minimum daily balance, or have a $25,000 combined balance across eligible TD accounts.
- ATM perks: TD fees waived at any ATM and non-TD fees reimbursed when you keep at least a $2,500 daily balance
- A little extra time. A lot of extra relief: Avoid fees with Grace Period, which gives you until 11 PM ET the next business day to fix an overdraft. Make sure your available balance is at least $0 by depositing enough to cover the overdrawn balance plus any additional transactions and TD will refund the overdraft fee to your checking account.
- Fast and secure payments: TD Bank debit cards are backed by the Zero Liability guarantee and 24/7 fraud monitoring
- Convenient locations with the longest hours around: We have over 1,100 locations from Maine to Florida that's open early, late, and weekends.
- Get reimbursed for fees including two overdraft fees per year, all Rush Bill Payments, and one outgoing wire per statement cycle (domestic or international).
- Additional TD Bank checking account perks worth talking about: Get 24/7 access to all your TD accounts with Online & Mobile Banking, plus Bill Pay, Send
- Money with Zelle®, Mobile Deposit and Online Statements.
- Direct Deposit Required: Yes
- Minimum Deposit Required: $2,500 within 60 days
Citigold® - Earn up to $2,000 Bonus
- Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day.
- New to Relationship customers can choose their Relationship Tier.
- Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
- Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
- If your balance falls to a lower Balance Level at any point during the maintenance period, the bonus changes.
- Bonus will be paid within 30 days after you successfully complete all required activities.
- Restrictions apply
- Minimum Deposit to Open: $200k
Chase Private Client - $3,000 Bonus
- You're eligible for up to a $3,000 bonus when you open a new Chase Private Client Checking℠ account with qualifying activities.
- Speak with a Private Client Banker to open your Chase Private Client Checking account today. Schedule your meeting at your nearest branch or over the phone.
- Priority service for everyday banking. Receive personalized attention from a dedicated Chase Private Client Banker who is ready to help you.
- Earn $1,000 when you deposit $150,000 or earn $2,000 when you deposit $250,000 or earn $3,000 when you deposit $500,000
- No ATM fees worldwide.
- No Chase fee on incoming or outgoing wire transfers; can be completed online or over the phone.
- Experience a financial relationship that brings you more.
- Deposit products provided by JPMorgan Chase Bank, N.A. Member FDIC. Deposit products are FDIC insured up to the maximum amount allowed by law.
U.S. Bank Smartly® Checking and Standard Savings - Up to $1,000 Bonus
Earn up to $500 with a new Bank Smartly Checking account. Complete the following within 90 days of account opening:
- Enroll in online banking or the U.S. Bank Mobile App
- Make two or more direct deposit(s)* totaling $5,000 to $9,999.99 to earn $300 or $10,000 or more to earn $500
Earn up to $400 with a new Standard Savings account.
- Make new money deposit(s) totaling $25,000 to $49,999.99 to earn $200 or $50,000 or more to earn $400 by November 30, 2023
- Maintain that balance until May 31, 2024
Earn an additional $100 for opening both!
Applicant must reside in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, WY to be eligible for Checking account
- Minimum Deposit to Open: $25
What is a $200 Checking Account Bonus?
Banks offer a $200 checking account bonus as an incentive for customers to open a new checking account.
Such a bonus is fairly easy to get. To earn one, you'll need to fulfill certain criteria like:
- Receive X amount in qualifying direct deposits
- Deposit X amount within a specific timeframe
- Make an X number of debit card purchases
The whole idea is to make sure that customers actually use their services, which ends up being a win-win for everyone.
Direct deposits usually include recurring paychecks from an employer, pension, or Social Security/government benefits. Although they are considered ACH transfers, not all transfers, such as person-to-person are direct deposits.
More about $200 Checking Bonuses
Getting $200 is a great opportunity to earn extra money. But here are some things you should know first:
You have to be a new customer.
This usually means you don't have that specific checking account with the bank offering the bonus. Other banks even allow those who have closed their checking account for two years or more.
You'll have to work for it.
A $200 bonus will not be handed over to you without doing your part. It's either setting up a direct deposit, holding a minimum balance, or both.
You won't have to switch banks.
Although banks are courting you to do business with them, they don't typically require you to ditch your current bank. It shouldn't be a problem as long as you can manage accounts with multiple banks.
You can't close your account right away.
Note that banks often require you to keep your account active for up to 90 days or more from the opening date. Otherwise, your bonus may be forfeited.
Your bonus is taxable.
Just like earned interest, bonuses are considered income. As such, the bank may provide you with a corresponding tax form to complete and submit to the IRS during tax filing season.
You may still fall short of qualifications.
You may be able to meet the most demanding criteria, yet you can still be disqualified due to a technicality. If it's a credit union promo, keep in mind that you usually have to reside in the community or state they operate in.
You can get free money by opening a promotional bank account with a $200 sign-on bonus. However, you must meet its qualifications first and typically wait a few days to several weeks to claim the bonus amount.
How to Get a $200 Checking Bonus?
Generally, here are the steps in earning a $200 checking bonus from a bank:
- Review the offer terms and conditions carefully and check if you are qualified.
- Open the checking account either online or in person, whichever is applicable.
- Fulfill requirements, i.e. holding a minimum deposit for a given period, setting up a direct deposit, etc.
Note that your bank may credit your bonus several days or weeks after you have fulfilled all requirements. Thus, it is crucial to keep your account open not only while waiting for your bonus to be credited but also up to its specified minimum period at the very least.
Is it worth it?
Checking account bonuses are not the be-all and end-all of banking. Because once you've claimed your $200 bonus, your account should still be worthwhile to have since the buck doesn't stop there.
If your checking account has transaction fees at every turn, they can easily eat into your $200 bonus. You may be better off with another bank account with no promotions yet no fees for the most part.
In the long run, it's the account features that will hold up for you, not a one-time upfront money. Aside from bank fees, make sure the account can provide functionality for your financial needs and goals.
No, your credit is generally not affected by a bank account closure. However, if you have an unsettled negative balance in a closed account, that's when your credit will likely take a hit.
Bottom Line
A $200 bonus can be a fantastic boost for your checking account, especially with all the expenses you will likely make along the way.
Keep in mind that opening an account should extend beyond the monetary gain. It should also help you lay the groundwork for a potentially beneficial banking relationship, which is more important long-term.
Write to Penny Besana at feedback@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.
Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.
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