Best Bank Promotions and Bonus Offers for September 2024
Thinking about opening a new personal checking, savings, or business account? Here are the best banking promotions - all in one list. Be sure to read the details to understand the requirements and eligibility.
Bank Promotion Link | Offer | Review |
---|---|---|
Chase Private Client Checking℠ | Up to $3,000 Bonus | Review |
HSBC Premier | Up to $2,500 Bonus | Review |
Chase Total Checking® | $300 Bonus | Review |
Discover® Online Savings | $200 Bonus | Review |
Discover® Online Savings | $150 Bonus | Review |
Chase College Checking℠ | $100 Bonus | Review |
BMO Checking Accounts | Up to $600 | Review |
U.S. Bank Smartly® Checking | Up to $450 Bonus | Review |
BMO Smart Advantage Checking | Up to $350 | Review |
Fifth Third Bank Personal Checking Account | $325 Bonus | Review |
KeyBank Key Smart Checking® | $300 Bonus | Review |
What banks are having promotions? This list is updated monthly to bring you the best bank bonuses and deals. Bookmark it and check back often.
Top New Bank Account Bonuses and Promotions
Many bank deals pay new customers to open an account. You get a cash bonus for opening an account and meeting certain deposit requirements. FDIC-insured bank accounts also protect your money safely.
Checking Account Bonuses
Chase Total Checking® - $300 Bonus
- New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
- With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs.
- 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*
- Direct Deposit Required: Yes
- Minimum Deposit to Open: $0
- Minimum Deposit Required: None
Bank of America Advantage Banking - $200 Bonus Offer
- The $200 bonus offer 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 9/30/2024.
- To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
- Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- Bank of America, N.A. Member FDIC.
HSBC Premier - Earn Up to $2,500
Start an HSBC Premier relationship today. You'll enjoy premium banking with both local and global benefits and access to wealth solutions offered through HSBC Securities, (USA), Inc*.
You could earn $1,500 or $2,500 if you open a new, eligible HSBC Premier checking account from July 1, 2024 through November 22, 2024, and complete qualifying activities.
- Get a $1,500 Cash Bonus: Add New Money of $100,000 to $249,999 in deposit and/or eligible investment accounts within 20 days of opening your new checking account and maintain the Qualifying Balance for 3 full consecutive months.
- Get a $2,500 Cash Bonus: Add New Money of $250,000+ in deposit and/or eligible investment accounts within 20 days of opening your new checking account and maintain the Qualifying Balance for 3 full consecutive months.
- Cash Bonus will be deposited into your new checking account within 8 weeks of meeting all the offer requirements.
- Minimum Deposit to Open:
- Balances of $100,000 in combined U.S. consumer and qualifying commercial U.S. Dollar deposit and investment accounts; OR
- Monthly recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s); OR
- Any HSBC U.S. residential mortgage loan serviced by HSBC. Home Equity products, loans that are in foreclosure or bankruptcy, and loans for which servicing rights have been transferred are not included.
- Consumers who maintain Private Bank status
Chase Secure Banking℠ - $100 Bonus
- New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
- Set up direct deposit and you may get your money up to two business days early-exclusively for Chase Secure Banking℠ customers.
- No minimum deposit to open an account and get started plus no overdraft fees with a Chase debit card that helps you stay within your balance.
- No need to worry about overdraft fees - Chase Secure Banking℠ allows you to spend only the money you have available.
- Chase Secure Banking℠ customers told us they save an average of more than $40 per month on fees after opening their account.
- Pay bills, cash checks and send or receive money with Zelle® with a Chase Secure Banking℠ account.
- Bank from anywhere with access to more than 15,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase.com.
- JPMorgan Chase Bank, N.A. Member FDIC.
- Direct Deposit Required: No
- Minimum Deposit to Open: $0
- Minimum Deposit Required: None
Discover® Cashback Checking - Up to $30/Month Cashback
Earn 1% cash back on up to $3,000 in debit card purchases each month, for a total of up to $30 cashback per month. Discover Cashback Debit checking account has no minimum balance requirement, no fees, and free online bill pay. See website for details.
Chase College Checking℠ - $100 Bonus
- Enjoy $100 as a new Chase checking customer when you open a Chase College Checking℠ account and complete 10 qualifying transactions within 60 days of coupon enrollment.
- No Monthly Service Fee while in school up to the graduation date provided at account opening (five years maximum) for students 17-24 years old.
- Wire funds internationally using the Chase Mobile® app or chase.com. Send money to recipients around the world with multiple currency options. Fees apply.
- Keep track of your money with confidence and control in the Chase Mobile® app. The Chase Mobile app helps you bank securely and conveniently from anywhere.
- Zelle® is available in more than 1,000 banking apps in the U.S. So, you can send and receive money from almost anyone you know and trust who has a bank account in the U.S.
- With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs.
- With Fraud Monitoring, Chase may notify you of unusual debit card purchases and with Zero Liability Protection you won't be held responsible for unauthorized debit card purchases when reported promptly.
- JPMorgan Chase Bank, N.A. Member FDIC
- Direct Deposit Required: No
- Minimum Deposit to Open: $0
- Minimum Deposit Required: None
Chase Private Client Checking℠ - Up to $3,000 Bonus
- You're eligible for up to a $3,000 bonus when you open a new Chase Private Client Checking℠ account with qualifying activities.
- Speak with a Private Client Banker to open your Chase Private Client Checking℠ account today. Schedule your meeting at your nearest branch or over the phone.
- Priority service for everyday banking. Receive personalized attention from a dedicated Chase Private Client Banker who is ready to help you.
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. - No ATM fees worldwide.
- No Chase fee on incoming or outgoing wire transfers.
- Enjoy higher limits on Chase Private Client debit card purchases and ATM withdrawals, as well as higher Zelle® and Chase QuickDeposit℠ limits.
- Deposit products provided by JPMorgan Chase Bank, N.A. Member FDIC. Deposit products are FDIC insured up to the maximum amount allowed by law.
OneCard with Rewards Checking - $200 Bonus
- 3% cash back on everyday expenses (up to $500 in rewards per calendar year); 2% on everything else
- No annual fee
- Choose to Pay Now with no interest, or Pay Later
- $200 bonus when you also open and fund a new Upgrade Rewards Checking Plus account and make 3 qualifying purchases on your Upgrade OneCard and/or Rewards Checking Plus debit card within 60 days
BMO Checking Accounts - Earn up to $600
Earn up to $600 with qualifying activities. Conditions Apply. BMO Bank N.A. Member FDIC
Get either a $250 or $500 cash bonus when you open a new checking account and complete qualifying activities between 9/10/24 and 10/31/24. Plus, get a $100 digital gift card when you meet with a BMO banker to discuss your financial priorities after opening your account online. Combine the cash bonus and the gift card to maximize your rewards.
BMO Smart Advantage Checking - Earn up to $350
Earn up to $350 with qualifying activities. Conditions Apply. BMO Bank N.A. Member FDIC
Earn a $250 cash bonus when you open a new checking account and complete qualifying activities between 9/10/24 and 10/31/24. Plus, get a $100 digital gift card when you meet with a BMO banker to discuss your financial priorities after opening your account online. Combine the cash bonus and the gift card to maximize your rewards.
- Direct Deposit Required: Yes
- Minimum Deposit to Open: $25
U.S. Bank Smartly® Checking - Up to $450 Bonus
Earn up to $450 with a new Bank Smartly Checking account. Complete the following within 90 days of account opening:
- Enroll in online banking or the U.S. Bank Mobile App
- Make two or more direct deposit(s) totaling $2,000 to $4,999.99 to earn $250, $5,000 to $7,999.99 to earn $350 or $8,000 or more to earn $450
Fund your new account within 30 days to start qualifying activities. Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.
- Minimum Deposit to Open: $25
Personal Checking Account - $325 Bonus
Open an eligible Fifth Third checking account. Make direct deposits totaling $2,000 or more within 90 days of account opening to qualify for bonus. The cash bonus will be deposited into your new checking account within 10 business days of completing qualifying activity requirements.
Key Smart Checking® - $300 Bonus
- Open a Key Smart Checking® account online by December 13, 2024.
- Make the minimum opening deposit of $10, plus one eligible direct deposit of at least $1,000 within the first 60 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.
- Direct Deposit Required: Make the minimum opening deposit of $10, plus one eligible direct deposit of at least $1,000 within the first 60 days of account opening.
- Minimum Deposit to Open: $10
Fifth Third Momentum® Checking - $325 Bonus
Open an eligible Fifth Third checking account. Make direct deposits totaling $2,000 or more within 90 days of account opening to qualify for bonus. The cash bonus will be deposited into your new checking account within 10 business days of completing qualifying activity requirements.
- Direct Deposit Required: Yes
- Minimum Deposit to Open: $0
- Minimum Deposit Required: $2,000 or more within 90 days of account opening to qualify for bonus
- Ally Bank Interest Checking
- Capital One 360 Checking
- First Citizens Bank Free Checking
- Axos Bank Rewards Checking
Savings Account Offers
Discover® Online Savings - $200 Cash Bonus
To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY924 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers, including co-branded, or affinity accounts. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 03/13/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding your Account, see FAQs on Discover.com/Bank. See advertiser website for full details.
Discover® Online Savings - $150 Cash Bonus
To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY924 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers, including co-branded, or affinity accounts. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 03/13/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding your Account, see FAQs on Discover.com/Bank. See advertiser website for full details.
High-Yield Savings Premier - 5.31% APY
- No account activity or maintenance fees
- $500 minimum opening deposit
- FDIC insured
- Minimum Deposit to Open: $500
High Yield Savings Account - 5.20% APY
- No fees
- $1 minimum deposit
- 24/7 online access
- FDIC insured
- Minimum Deposit to Open: $1
CIT Bank Platinum Savings - 4.85% APY
- 4.85% APY with a balance of $5,000 or more
- 0.25% APY with a balance of less than $5,000
- $100 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
- Direct Deposit Required: No
- Minimum Deposit to Open: $100
Here are some of the top savings accounts:
- Western Alliance Bank:
High-Yield Savings Premier - 5.31% APY - Discover® Online Savings:
$200 Cash Bonus - CIT Bank Platinum Savings:
4.85% APY - Quontic:
High Yield Savings - 4.50% APY - Live Oak Bank:
Personal Savings - Earn 4.40% APY
Business Checking Account Bonuses
Chase Business Complete Banking® - $300 Bonus
- Earn $300 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
- Multiple ways to waive the $15 Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink® Business credit card.
- Full-service business banking. Convenient access to all your business banking services in one place -- lending, checking, credit card and payment solutions.
- Your choice of payment types. Choose from a full range of options for accepting payments and making deposits that include Zelle®, Online Bill Pay, wire transfers and ACH payments.
- Convenient access to payment processing. Process all major debit and credit cards with QuickAccept®. It's a built-in feature with your Business Complete Checking account.
- Helping you save money. Multiple ways to waive $15 service fee and unlimited digital transactions helps you keep more of your money.
- Full-featured banking online and on-the-go. Manage your business' finances on your terms with the latest online and mobile banking technology.
- Trusted and secure financial partner. We're committed to helping you grow and protect your business.
- Direct Deposit Required: No
- Minimum Deposit to Open: $0
Bank of America® Business Advantage Banking Checking Account - $200 Bonus Offer
- The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new eligible business checking customers only.
- Offer expires 12/31/2024.
- To qualify, deposit $5,000 or more in New Money* directly into a new eligible Bank of America Business Advantage Banking account within thirty (30) days of account opening.
- Maintain an average balance of $5,000 in that new Business Advantage Banking account during the Maintenance Period**.
- Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- *New Money is new funds deposited into your business checking account that are not transfers from other Bank of America deposit accounts or
Merrill investment accounts.
- ** The Maintenance Period begins thirty-one (31) calendar days after account opening and ends ninety (90) calendar days after account opening.
- Bank of America, N.A. Member FDIC
US Bank: Silver Business Checking Package - Up to $800 Bonus
Earn up to $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL24 and complete qualifying activities, subject to certain terms and limitations. Offer valid through September 30, 2024. Member FDIC. Complete these steps to earn the offer:
Earn your $300.
- Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Earn your $800.
- Complete $30,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
- Minimum Deposit to Open: $100
Axos Bank: Basic Business Checking - Up to $400 Bonus
- Business owners get up to $400 welcome bonus!*
- Open a business checking account by October 31 and get up to $400 when you use promo code NEW400 on your application.*
- No initial deposit requirement
- No minimum balance requirement
- No monthly maintenance fees
- Free domestic incoming wires. Two (2) outgoing domestic wire fees reimbursed per month.
- Unlimited domestic ATM fee reimbursements
- Unlimited item processing (debits, credits, and deposited items)
- Cash deposits via MoneyPass and AllPoint networks
- Direct Deposit Required: No
- Minimum Deposit to Open: $0
Lili: Free Checking Account for Small Business Owners
- Sign up in 3 minutes; no credit check
- No account fees - $0 monthly fee, overdraft fee, foreign transaction fee, or ATM fees at approximately 40,000 locations
- Automatic Savings
- Get paid up to 2 days early
- Minimum Deposit to Open: $0
North One Free Business Banking
- Business banking for teams
- Automatic invoice ingestion and payments
- Sales and revenue analytics
- Unlimited account envelopes
- Close to 100 integrations
- Over $5000 in perks for new customers
- No monthly fees, no application fees, no minimum balance
North One is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, Member FDIC.
- Minimum Deposit to Open: $50
Bluevine: Free Business Checking - Up to 2.0% APY
- 2.0% APY on your balance up to $250,000 for customers that meet monthly eligibility requirements
- $0 minimum opening deposit
- $0 monthly service fee
- Minimum Deposit to Open: $0
Relay: No-Fee Business Checking
- $0 monthly service fee
- $0 minimum opening deposit
- Open up to 20 individual business checking accounts
- Earn up to 3% APY with automated savings
- Issue up to 50 Visa® debit cards to your team
- Minimum Deposit to Open: $0
Found: Free Business Banking for the Self-Employed
- Banking, taxes, bookkeeping – all in one place
- Automatically find tax write-offs and save for taxes
- Track and categorize expenses with custom rules
- Free unlimited custom invoices
- Easy sign up; no credit check
- Minimum Deposit to Open: $0
High Interest Rates
- Western Alliance Bank:
High-Yield Savings Premier - 5.31% APY - Discover® Online Savings:
$200 Cash Bonus - CIT Bank Platinum Savings:
4.85% APY - The State Exchange Bank:
High Yield Savings Account - 5.05% APY - Quontic:
High Yield Savings - 4.50% APY - Liberty Savings Bank:
High Yield Savings Account - 4.60% APY - Continental Bank:
High Yield Savings Account - 4.41% APY - Live Oak Bank:
Personal Savings - Earn 4.40% APY - SkyOne Federal Credit Union:
Money Market Deposit Account - 5.18% APY - Blue Federal Credit Union:
Money Market Deposit Account - 4.95% APY
CreditDonkey Survey Results
Would you open a new bank account for a $100 bonus?
How much do you save a month?
What are you saving money for?
How do Bank Promotions Work?
Bank promotions are incentives for new customers to open a new checking or savings account. Typically, you'll have to make qualifying deposits and keep the account open for a certain amount of time to get the bonus.
Banks benefit by getting new customers. Because when you deposit money with them, they can earn profits by loaning out your cash. That's why banks will typically require some kind of deposit in order to earn a bonus.
You also benefit by getting free money for switching to a new bank. A win-win!
How Can I Qualify for a Bank Account Bonus?
Banks have criteria you must meet to earn an account bonus. To qualify, you usually need to deposit a certain amount of money (in either direct deposits or transfers) within a certain timeframe. You also must keep your account open for a few months or the bonus will be taken back.
Sometimes, the bank may also require that you complete some activities. This can range from making a certain number of debit card purchases, enrolling in mobile banking, or using online bill pay.
Depending on the bank promotion, they may have just one requirement or a combination of a few.
Also, to qualify, you need to be a new customer. Some banks are more strict and say that you cannot have ever received a bonus from them before. Some say that you just can't have closed an account or received a bonus in the past 1 or 2 years. This is to prevent people from opening and closing accounts just to get bonuses.
What's the Best Bank for Me?
The best bank for you depends on what you want out of a bank. Do you want convenience, low fees, or high interest? Here are the different types of banks and why you may pick each one.
- National banks: best accessibility. These are the big traditional banks such as Bank of America, Wells Fargo, etc. These banks typically have physical locations and ATMs throughout the country. So you can get in-person help and do your banking no matter where you are. However, these banks usually offer very low interest and have fees and/or balance requirements.
- Regional or community banks: best local service. Regional banks are usually limited to one geographical area, whether it be several states or a single city. They usually offer higher interest and less fees. But you may need to switch banks if you move.
- Credit unions: best personalized service. These can be thought of mom-and-pop banks. The locations may be very limited (sometimes only one branch), but credit unions offer higher interest, competitive loan rates, and great personalized service.
- Online banks: best interest rates. If you're comfortable with doing your banking completely on the web or via mobile app, online banks will offer the highest interest rates (in exchange for no physical locations). Many online banks have no account fees and no balance requirements.
Credit unions generally offer higher interest rates, better loan rates, lower fees, and better personalized customer service than traditional banks. Credit unions are nonprofit, whereas banks are for-profit. Banks have more nationwide accessibility, but the interest rate is usually low and they charge more fees.
Bonus Promotions FAQs
What banks give instant bonuses for opening accounts?
Banks won't give instant bonuses just for opening a new account. They want you to use their account by depositing money, setting up direct deposit, or making purchases. After you complete the qualifying activities, you'll receive your bonus.
How are bank bonuses paid?
After you've met the requirements for the bonus, banks will deposit the cash into your account. Usually, it'll take several business days. The bonus offer should give a timeframe for when they will deposit the bonus.
Does a bank bonus count as income?
Yes, welcome cash bonuses for opening a bank account are considered income. You will get a 1099-INT from the bank and you'll need to report it as interest income on your taxes. It'll be taxed at your ordinary income tax rate.
Does switching banks hurt your credit?
No, switching banks will not hurt your credit. Opening a new bank account is only a soft pull, which doesn't impact your credit score. But, don't forget to switch over automated payments. If payments fail because they're still going to your old bank account, that will harm your credit.
Can you have 2 bank accounts?
There's no limit to how many bank accounts you can have legally. Many people find it helpful to have more than one bank account to stay organized (like a primary account and one for paying bills).
If you're in the market for a 2nd account, it's a great chance to take advantage of bank bonuses.
Methodology: How We Picked the Best Bank Bonuses
First, we picked larger banks that are offering at least $100 bonus. Most of the promotions on our list offer $200 or even more. We chose banks that serve a wide area, so they're available to more people.
We also picked offers that are available to apply for online, since that's more convenient for most people. And you can take advantage of the offer even if you don't live super close to a branch.
The requirements to earn the sign-up bonus offers must be reasonable and relatively easy to meet. There are also some larger bonuses targeted towards premium checking customers with higher criteria.
Finally, we picked bank accounts that we truly feel offer good features and benefits. So that even after you receive your bonus, you'll still find value in being a customer. Hopefully, the sign-up bonus is just an added perk over the long-term benefits.
What Experts Say
CreditDonkey assembled a panel of industry experts to answer readers' most pressing questions. Here's what they said:
Top Banks with Promotions
- Chase: Only bank in the US with branches in all 48 contiguous states; over 4,700 branches and 15,000 ATMs; many checking options including free accounts for students and kids.
- Bank of America: There are thousands of ATMs and financial centers; good customer service with extended hours.
- Wells Fargo: Over 4,500 locations and 12,000 ATMs; many checking options including a second chance account for those who had financial troubles.
- Ally Bank: Online bank with wide array of services, high interest rates, no fees, and great 24/7 customer service.
- Discover® Bank: Online bank with high interest savings & CDs.
- Capital One: Hybrid brick-and-mortar and online bank; all banking products have no monthly service fees or minimum opening deposits.
- CIT Bank Bonus Offers: Online bank with one of the highest interest rates for online savings account.
- PNC Bank: Unique Virtual Wallet feature and financial tools that help you reach your goals; account fee is easily waived.
- TD Bank: Extended banking hours and 24/7 customer service; checking account fees waived with low account minimums.
- Alliant Credit Union: A credit union with high interest rates, ATM fee rebates, and large network of over 80,000 fee-free ATMs. Anyone can join with simple qualifications.
Chase
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Bank of America
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Frost Bank
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