$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.
Here are some checking accounts to check out:
- PNC Bank:
Virtual Wallet with Performance Spend Checking - $200 Bonus - Horizon Credit Union:
Personal Checking Account - $200 Bonus - Ent Credit Union:
Personal Checking Account - $200 Bonus - M&T Bank:
Personal Checking Account - $200 Bonus - Hometown Bank:
Personal Checking Account - $200 Bonus - Community First Credit Union:
Personal Checking Account - $200 Bonus - Vantage West Credit Union:
Personal Checking Account - $200 Bonus - CIBC Bank:
Personal Checking Account - $200 Bonus - The Union Bank Company:
Personal Checking Account - $200 Bonus - Desert Financial Credit Union:
Personal Checking Account - $200 Bonus - Blaze Credit Union:
Personal Checking Account - $200 Bonus - Fulton Bank:
Personal Checking Account - $200 Bonus - Notre Dame Federal Credit Union:
Personal Checking Account - $200 Bonus - Credit Union ONE:
Personal Checking Account - $200 Bonus - Star Financial Bank:
Personal Checking Account - $200 Bonus - SouthState Bank:
Personal Checking Account - $200 Bonus - Spokane Teachers Credit Union:
Personal Checking Account - $200 Bonus - North State Bank:
Personal Checking Account - $200 Bonus - Washington Trust Bank:
Personal Checking Account - $200 Bonus - Holyoke Credit Union:
Personal Checking Account - $200 Bonus - Chime:
Personal Checking Account - $200 Bonus - MIDFLORIDA Credit Union:
Personal Checking Account - $200 Bonus - APG Federal Credit Union:
Personal Checking and Savings Account - $200 Bonus - Waterstone Bank:
Student Checking Account - $200 Bonus - Hanmi Bank:
Personal Checking Account - $200 Bonus - Cinfed Credit Union:
Personal Checking Account - $200 Bonus - Expedition Credit Union:
Personal Checking Account - $200 Bonus - CommunityAmerica Credit Union:
Personal Checking Account - $200 Bonus - Republic Bank:
Personal Checking Account - $200 Bonus - Seacoast Bank:
Personal Checking Account - $200 Bonus - Independent Bank:
Personal Checking Account - $200 Bonus - Bravera Bank:
Personal Checking Account - $200 Bonus - Banner Bank:
Personal Checking and Savings Account - $200 Bonus - Connexus Credit Union:
Personal Checking Account - $200 Bonus - Bar Harbor Bank & Trust:
Personal Checking Account - $200 Bonus - Georgia's Own Credit Union:
Personal Checking Account - $200 Bonus - Bask Bank:
Personal Checking Account - $200 Bonus - Sunflower Bank:
Personal Checking Account - $200 Bonus - First National 1870:
Personal Checking Account - $200 Bonus - Hancock Whitney Bank:
Personal Checking Account - $200 Bonus - American Airlines Credit Union:
Personal Checking Account - Up to $200 Bonus - Old Second Bank:
Personal Checking and Savings Account - $200 Bonus - TD Complete Checking:
$200 Cash Bonus
How to Get More Than $200 from Banks
Looking for higher bonuses? Check if you qualify for these bank promotions:
Bank of America Advantage Banking - Up to $500 Cash Offer
- The cash offer up to $500 is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 1/31/2026.
- To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct Deposits received in the first 90 days.
Cash Bonus Total Qualifying Direct Deposits $100 $2,000 $300 $5,000 $500 $10,000+ - If all requirements are met 90 days after account opening, Bank of America will attempt to deposit your bonus into your new eligible account within 60 days.
- Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
- Additional terms and conditions apply. See offer page for more details.
- *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
- Bank of America, N.A. Member FDIC.
HSBC Premier - Earn Up to $3,000
Global shifts, local impacts. Stay on course with insights from our trusted partners in wealth.
Discover what an HSBC Premier relationship can offer you
- Easily open an account online, from the comfort of your home.
- Manage your international banking needs across different time zones, with 24/7 support.
- Unlock Premier in one country and you can live, work and travel with Premier status around the world with HSBC
- Manage your money safely and easily around the world - from Global Money Transfers to multi-currency needs.
- New to the U.S.? Build your U.S. credit history with one of our credit cards. Or, if you're buying a new home, you can use your international credit history to apply.
Here's how the offer works:
- Earn one or more cash bonuses1 when you open an HSBC Premier2 checking account by September 30, 2025, AND complete additional qualifying activities:
- $500 Direct Deposit Cash Bonus when you set up recurring monthly direct deposits of $10,000 or more for 3 consecutive months; and/or
- $1,000 New Money Cash Bonus when you deposit or invest3 $100,000 or more and maintain balances for 3 consecutive months; and/or
- $1,500 Mortgage and New Money Cash Bonus when you complete a new HSBC U.S. residential mortgage application by September 30, 2025, with mortgage funding by December 31, 2025, AND deposit or invest $200,000 or more and maintain balances for 3 consecutive months. Customers who qualify for the $1,500 cash bonus will automatically qualify for the $1,000 cash bonus.
Wells Fargo Everyday Checking Account - $325 Bonus
- Get a $325 new checking customer bonus when you open an Everyday Checking account and receive $1,000 or more in qualifying direct deposits.
- Wells Fargo Bank, N.A.
Member FDIC
Key Select Checking® - $500 Bonus
- Open a Key Select Checking® account online by December 19, 2025.
- Make the minimum opening deposit of $50, plus a total of $5,000 or more in eligible direct deposits within the first 90 days of account opening.
- Your $500 cash bonus will be deposited into your account within 60 days of meeting requirements. Account must not be closed at the time of gift payment.
- Minimum Deposit to Open: $50
- Direct Deposit Required: Make the minimum opening deposit of $50, plus a total of $5,000 or more in eligible direct deposits within the first 90 days of account opening.
Key Smart Checking® - $300 Bonus
- Open a Key Smart Checking® account online by December 19, 2025.
- Make the minimum opening deposit of $10, plus a total of $2,000 or more in eligible direct deposits within the first 90 days of account opening.
- Your $300 cash bonus will be deposited into your account within 60 days of meeting requirements. Account must not be closed at the time of gift payment.
- Minimum Deposit to Open: $10
- Direct Deposit Required: Make the minimum opening deposit of $10, plus a total of $2,000 or more in eligible direct deposits within the first 90 days of account opening.
KeyBank Hassle-Free Account® - $300 Bonus
- Open a KeyBank Hassle-Free Account® online by December 19, 2025.
- Make the minimum opening deposit of $10, plus a total of $2,000 or more in eligible direct deposits within the first 90 days of account opening.
- Your $300 cash bonus will be deposited into your account within 60 days of meeting requirements. Account must not be closed at the time of gift payment.
- Minimum Deposit to Open: $10
- Direct Deposit Required: Make the minimum opening deposit of $10, plus a total of $2,000 or more in eligible direct deposits within the first 90 days of account opening.
BMO Smart Advantage Checking account - Earn $400 Cash Bonus*
$400 cash bonus* when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening between 9/9/25 - 1/28/26. *Conditions apply. Accounts are subject to approval and provided in the U.S. by BMO Bank N.A. Member FDIC
BMO Smart Money Checking account - Earn $400 Cash Bonus*
$400 cash bonus* when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening between 9/9/25 - 1/28/26. *Conditions apply. Accounts are subject to approval and provided in the U.S. by BMO Bank N.A. Member FDIC
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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