$2,000 Bank Bonus for April 2024

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Some banks offer a huge $2,000 cash bonus when you open a new bank account. But there's something you have to do first.

If you regularly keep very large balances in your bank account, there are $2,000 bonuses up for grabs from the nation's top banks.

Of course, big requirements come with this big bonus. Find out if you can qualify.

How to Get More Than $2,000 from Banks

A $2,000 bonus may be eye-popping as it is, but there are even higher bonuses for the taking. Check out these offers.

What Is A $2,000 Bank Bonus?

A $2,000 bank bonus is usually offered by big banks to incentivize high net-worth clients to switch banks. Typically, they're for premium checking accounts.

Getting this substantial amount usually comes with tougher strings attached. These usually include a large deposit (typically 6 figures), which must be parked for a specific period.

But if you're up for the challenge, two grand could be worth it.

Have you ever switched banks or opened a new account to take advantage of a bank bonus before?

What banks have the best checking account bonus offers?
Here are some banks with huge promos for opening a new account:

Why Do Banks Offer Bonuses?

Banks offer enticing bonus offers because not only will you benefit from them, but they will too.

You see, banks hope that you will bring more business to them once you've opened an account and claimed your bonus. They expect you to keep balances, perform transactions, and try out other services.

Banks are hoping it'll be a long-lasting relationship. By handing out bonuses, it's making a good first impression so you stick around for longer.

What to Know About $2,000 Checking Bonuses

$2,000 is surely a nice chunk of change. But here's the lowdown on this awesome welcome gift.

Bonuses are intended for new customers.
You need to be a new customer to qualify for a checking account bonus. Or you must not have owned a checking account with the bank for a certain amount of time.

They're usually for high net worth people.
Let's face it, you really have to be in good financial standing yourself to meet the criteria for a $2,000 bonus. Thus, not a lot of people can get in on the action.

Meet deadlines for requirements.
Usually, you must deposit new funds within a certain number of days after you open a promotional account. And also take note if you must maintain that balance for a period of time.

Read the fine print.
Read the offer terms and conditions like a detective. Sometimes, depositing a large sum isn't enough. There may be hidden clauses that disqualify you.

You may still withdraw cash.
You can still take out money from your account even during the qualification period. But your remaining balance should still meet the minimum requirement in order to get the bonus.

Be careful of ongoing costs.
$2,000 bonuses are usually for premium bank accounts. These typically have higher monthly fees and requirements to waive. So make sure the account fits your needs.

Should I open a bank account just for a bonus?
You can open a bank account for its bonus incentive as long as you can fulfill the requirements. But, doing this too frequently within a short span may affect your ChexSystems report, which most banks refer to when processing approvals for account opening.

Are Bank Bonuses Taxable?

Yes, a checking bonus is considered taxable income, and it will be taxed at the same rate as your ordinary income.[1]

The bank may provide you with a Form 1099-INT, reporting the bonus amount as interest income. Even if they don't, you need to report it on your tax return.

Bottom Line

Claiming a $2,000 bonus will have some hefty requirements.

But if you're financially qualified and looking to make some money (with your money), this incentive may provide you with a fantastic opportunity.


  1. ^ IRS. Topic No. 403, Interest Received, Retrieved 9/12/2023

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Checking Account Promotions

February 5, 2019 - Reviews for Bank Promotions
Score up to $4,000 with the best checking account bonuses.
Have you ever switched banks or opened a new account to take advantage of a bank bonus before?

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