$400 Checking Account Bonus for October 2025
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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.
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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.
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
Here are some checking accounts to check out:
- Truist Bank:
Business Checking Account - $400 Bonus - U.S. Bank Business Essentials:
$400 Bonus - PNC Bank:
Virtual Wallet with Performance Select Checking - $400 Bonus - Huntington:
Personal Checking Account - $400 Bonus - Wells Fargo:
Business Checking Account - $400 Bonus - Associated Bank:
Personal Checking Account - $400 Bonus - SouthState Bank:
Business Checking Account - $400 Bonus - UFirst Credit Union:
Personal Checking Account - $400 Bonus - MIDFLORIDA Credit Union:
Personal Checking Account - $400 Bonus - Bank of Hawaii:
Personal Checking Account - $400 Bonus - Achieva Credit Union:
Business Checking Account - $400 Bonus - Cedar Rapids Bank & Trust:
Personal Checking Account - $400 Bonus - Purdue Federal Credit Union:
Personal Checking Account - $400 Bonus - C&N:
Personal Checking Account - $400 Bonus - Santander Bank:
Personal Checking Account - $400 Bonus - WECU:
Personal Checking Account - $400 Bonus - Bank of Texas:
Personal Checking Account - $400 Bonus - Penn Community Bank:
Personal Checking Account - $400 Bonus - Redstone Federal Credit Union:
Personal Checking Account - $400 Bonus - Atlantic Union Bank:
Personal Checking Account - $400 Bonus - Central Pacific Bank:
Business Checking Account - $400 Bonus - Bankers Trust:
Personal Checking Account - $400 Bonus - BMO Smart Advantage Checking account:
Earn $400 Cash Bonus*
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.
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 $3,500
- Get a $1,000 Cash Bonus: Add and maintain New Deposits of $150,000 to $249,999
- Get a $2,500 Cash Bonus: Add and maintain New Deposits of $250,000 to $499,999
- Get a $3,500 Cash Bonus: Add and maintain New Deposits of $500,000+
Earn a $25 Extra Cash Bonus when you register and logon to the HSBC US Mobile Banking App3 by December 31, 2025.
If all offer requirements are met, Cash Bonuses will be paid by May 31, 2026.
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.
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.
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?
- Review the terms and conditions of the $400 offer carefully.
- Follow the instructions to open a new checking account online or at a branch.
- Fulfill all criteria for the bonus, i.e., deposit the required amount, set up direct deposit, etc.
- You typically receive your $400 bonus in a few days or weeks after completing the requirements.
- Keep your account open for the specified duration to avoid forfeiting your bonus.
FAQs
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.
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, Bank of America, and Citibank, to name a few. Note their bonus offers are often available only within a given period.
References
- ^ IRS. About Form 1099-INT, Interest Income, Retrieved 01/21/2024
- ^ IRS. Interest Income, Retrieved 01/21/2024
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