$400 Checking Account Bonus for April 2024

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Did you know you can earn $400 by opening a new checking account? Learn how you can qualify and enjoy other rewards with these banks.

Looking to supercharge your bank balance?

Sifting through so many banking promotions that may not be worth your time can be tiresome.

Instead, you can easily peer over these $400 checking bonuses that let you earn some cash.

What banks give $400 bonuses for checking accounts?
Here are some checking accounts to check out:

How to Get More Than $400 from Banks

Are there banks with bigger bonuses? Of course, there are!

Check out more rewarding opportunities that go above and beyond $400.

What Is a $400 Checking Account Bonus?

A $400 checking account bonus is a promotional offer by banks to attract new clients. It's typically a cash reward for individuals who meet certain bank requirements.

The specific details of checking account bonuses can vary from bank to bank. However, they often involve fulfilling criteria within a given timeframe. These may include actions such as:

  • Opening a new checking account
  • Depositing a minimum amount of money
  • Setting up qualifying direct deposits or transactions

Once the requirements are met, the bank usually rewards the account holder with the bonus amount within several days to weeks.

What is a qualifying direct deposit?
Qualifying direct deposits usually include a paycheck from an employer, pension, or Social Security/government benefits. They're typically recurring on a regular basis. Transfer from another bank account or person-to-person transfers do not count.

Why Do Banks Give Out Bonuses for New Customers?

Banks offer checking bonuses primarily to attract new customers. They aim to reward individuals for opening a new checking account with them rather than with their competitors.

In addition, banks understand that a checking account is often the entry point for a long-term relationship with you.

They aim to make a positive first impression and build loyalty by offering a bonus. After all, a satisfied customer may be more inclined to use additional banking products and services like loans, or credit cards, in the future.

What To Expect When Obtaining a Checking Account Bonus

Bonuses will differ among banks, so always review the terms and conditions before deciding on a promotion. In general, here's what you can expect:

  • Bonuses are intended for new customers.
    You are usually a new customer to qualify for a checking account bonus. You either don't have an existing relationship with the bank or don't have a checking account with them.

    You may still qualify for a bonus in a different account category if you're an existing customer of the bank. For example, you could apply for a business checking account with a bonus promotion even if you already have a personal checking account.

  • Some bonuses are limited time offers.
    Often, bonuses are available for just a certain amount of time. Check if you can fulfill their requirements to sign up before it expires.

  • Bonuses will have specific timeframes to complete requirements.
    The promotion should clearly state the actions involved in earning the bonus plus when you need to do them. For example, deposit $X within 30 days of account opening, and maintain the balance for 90 days.

    Also, you must likely keep your account open for some time. Or else you may lose your bonus.

  • Some bonuses are tiered.
    Banks may offer tiered bonus rewards for opening the same account. Usually, the higher the bonus offer is, the higher the amount you need to fulfill. Other times, your bonuses stack up every time you complete a required action.

  • Checking account bonuses are taxable.
    The bank usually reports your bonus as taxable income and provides you with a Form 1099-INT or a similar tax document.[1][2]

How Can I Get a $400 Bonus?

  1. Review the terms and conditions of the $400 offer carefully.
  2. Follow the instructions to open a new checking account online or at a branch.
  3. Fulfill all criteria for the bonus, i.e., deposit the required amount, set up direct deposit, etc.
  4. You typically receive your $400 bonus in a few days or weeks after completing the requirements.
  5. Keep your account open for the specified duration to avoid forfeiting your bonus.


Is it possible to get multiple checking account bonuses?
Yes, you can sign up for different checking account bonuses from different banks. However, it's important to review each offer's terms and conditions and see if you can fulfill them.

Also note that if you often open different checking accounts to take advantage of checking bonus offers, it may negatively impact your ChexSystems report.

Can I close the checking account once I have received the bonus?
Banks usually require you to keep your new account open for a period after receiving the bonus. If you close the account prematurely, you may need to return the bonus or pay penalties.

What should a good checking account offer for free?
A good checking account generally provides free transfers to other banks, online bill pay, mobile check deposits, and free ATM withdrawals within its network. It either has no monthly fees or gives you options to waive fees.

What bank gives you money for opening a checking account?
Chase Bank is known to put up cash bonuses for new customers who meet certain requirements. Other banks include Wells Fargo, Bank of America, and Citibank, to name a few. Note their bonus offers are often available only within a given period.


  1. ^ IRS. About Form 1099-INT, Interest Income, Retrieved 01/21/2024
  2. ^ IRS. Interest Income, Retrieved 01/21/2024

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Member FDIC

Chase Total Checking® - $300 Bonus

Expires 7/24/2024
  • New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
  • 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*

Checking Account Promotions

February 5, 2019 - Reviews for Bank Promotions
Score up to $4,000 with the best checking account bonuses.

About CreditDonkey
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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

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