7 Banks That Will Pay You to Open a New Checking Account

Looking for a little extra cash to kick start your financial journey? Many banks across the United States offer lucrative bonuses for opening a new checking account. These promotions can be an excellent way to maximize your savings while transitioning to a new bank. Below, we’ve rounded up seven nationwide banks currently offering incentives for new customers.

Make sure to check the specific terms and eligibility requirements before signing up! These offers were valid at the time of this post and may be subject to change at anytime.

1. Chase Bank

• Bonus Amount: Up to $300
• Requirements:
  • Open a Chase Total Checking account.
  • Set up direct deposit within 90 days.
• Details: Chase frequently offers bonuses for their checking accounts. Their Total Checking account comes with robust online and mobile banking features, making it a popular choice for those seeking convenience and accessibility.
• Fine Print: Minimum deposit requirements and monthly fees may apply unless waived by meeting specific conditions.

2. Wells Fargo

• Bonus Amount: $300
• Requirements:
  • Open a Wells Fargo Everyday Checking account.
  • Deposit at least $1,000 in direct deposits within the first 90 days.
• Details: Wells Fargo’s Everyday Checking is a solid option for individuals looking for straightforward banking. With a wide network of ATMs and branches, this account ensures convenience nationwide.
• Fine Print: Ensure you meet the minimum balance or direct deposit requirements to avoid monthly fees.

3. Bank of America

• Bonus Amount: $100 to $300
• Requirements:
  • Open a new Bank of America Advantage Banking account.
  • Set up and receive qualifying direct deposits of a specified amount within 90 days.
• Details: Bank of America offers three tiers of Advantage Banking accounts tailored to different financial needs. Their mobile app and customer support make it a user-friendly option.
• Fine Print: Bonuses may vary based on location and promotional availability.

4. Citibank

• Bonus Amount: $200 to $2,000
• Requirements:
  • Open an eligible Citibank checking account package.
  • Meet specific deposit and balance maintenance criteria within 90 days.
• Details: Citibank’s bonus structure offers flexibility, with higher bonuses for larger deposits. Their account packages come with various perks, including relationship rewards and fee waivers.
• Fine Print: Higher bonuses require significantly larger deposits and balances.

5. PNC Bank

• Bonus Amount: Up to $400
• Requirements:
  • Open a Virtual Wallet with Performance Select or other qualifying PNC accounts.
  • Meet specific direct deposit and balance requirements within 60 days.
• Details: PNC’s Virtual Wallet provides a comprehensive suite of tools for managing spending, saving, and planning. It’s a great option for tech-savvy users.
• Fine Print: Bonuses depend on the type of account and the amount deposited.

6. Chime

• Bonus Amount: $100
• Requirements:
  • Open a new Chime Checking Account.
  • Receive a qualifying direct deposit of $200 or more within 45 days of account opening.
• Details: Chime is a mobile-first banking platform offering fee-free checking accounts and early access to direct deposits. It’s an excellent option for those who prioritize digital banking.
• Fine Print: Bonuses are credited shortly after meeting the deposit requirements. There are no minimum balance requirements or monthly fees.

7. Capital One

• Bonus Amount: Up to $250
• Requirements:
  • Open a 360 Checking account.
  • Receive two direct deposits totaling $500 or more within 60 days of account opening.
• Details: Capital One’s 360 Checking account combines no-fee banking with a highly-rated mobile app. With no overdraft fees and a vast ATM network, it’s a great option for everyday banking.
• Fine Print: Bonus offers may vary based on location and promotional periods.

Tips for Maximizing Your Bonus

1. Read the Terms and Conditions: Ensure you understand the eligibility criteria and requirements for receiving the bonus.
2. Set Up Direct Deposit: Most banks require direct deposits to qualify for the promotional bonus.
3. Monitor Fees: Be aware of monthly maintenance fees and how to waive them.
4. Track Deadlines: Mark key dates to ensure you complete the required steps within the allotted time frame.

By taking advantage of these promotions, you can put extra money in your pocket while enjoying the benefits of a new checking account. Whether you’re switching banks or opening an additional account, these offers provide a fantastic incentive to make your move!

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