$2,000 Bank Bonus for June 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.
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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.
HSBC Premier - Earn Up to $7,000
- Send and receive money with Zelle® right from our mobile app
- Manage your money safely, easily and fee-free around the world - from Global Money Transfers to multi-currency needs
- Enjoy peace of mind with unique travel benefits available through our credit cards
Here's how the offer works: Open a new HSBC Premier checking account by March 31, 2026. Add New Assets to your Premier checking account, Premier Savings account, Premier Relationship Savings account, Managed Portfolio Account and/or Spectrum account (Eligible Accounts) by March 31, 2026, and maintain the New Assets through June 30, 2026.
- Get a $1,500 Cash Bonus: Add and maintain New Assets of $150,000 to $249,999
- Get a $2,500 Cash Bonus: Add and maintain New Assets of $250,000 to $499,999
- Get a $3,500 Cash Bonus: Add and maintain New Assets of $500,000 to $999,999
- Get a $7,000 Cash Bonus: Add and maintain New Assets of $1,000,000+
If all offer requirements are met, the bonus will be paid by August 31, 2026.
Chase Private Client Checking℠ - Up to $3,000 Bonus
- Elevate your banking relationship and enjoy a bonus up to $3,000 when you open a new Chase Private Client Checking℠ account with qualifying activities.
- Personalized banking made easier with premium benefits, 24/7 support and access to your banking and investment accounts in one place in the Chase Mobile® app.
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+. - Get up to a $3,000 bonus when you open or upgrade to a Chase Private Client account, a premium checking account which provides you with a dedicated banker and receive investing guidance from J.P. Morgan Wealth Management to help you reach your financial goals.
- Receive personalized wealth strategies from a J.P. Morgan advisor. Your J.P. Morgan advisor gets to know you, your family and your goals to build a custom financial strategy and investment portfolio that reflects your evolving priorities.
- Bank deposit accounts, such as checking and savings, may be subject to approval. Deposit products provided by JPMorgan Chase Bank, N.A. Member FDIC.
J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, member FINRA and SIPC. Insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.
INVESTMENT AND INSURANCE PRODUCTS: •
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.
Here are some banks with huge promos for opening a new account:
- Bank of America Advantage Banking:
Up to $500 Cash Offer - HSBC Premier:
Earn Up to $7,000 - Chase Private Client Checking℠:
Up to $3,000 Bonus - KeyBank:
Key Select Checking® - $500 Bonus - Huntington:
Personal Checking Account - $600 Bonus - Wells Fargo:
Personal Checking Account - $2,500 Bonus - Citi Checking:
$1,500 Bonus - Associated Bank:
Personal Checking Account - $600 Bonus - Nevada State Bank:
Personal Checking and Money Market Account - $700 Bonus - Stanford Federal Credit Union:
Personal Checking Account - Up to $620 Bonus
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.
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.[2] 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.
References
- ^ IRS. Topic No. 403, Interest Received, Retrieved 9/12/2023
- ^ IRS. About Form 1099-INT, Interest Income, Retrieved 06/19/2024
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