How To Earn Hundreds Of (Easy) Dollars From Checking And Savings Account Bonus Offers

Did you know that you can earn hundreds of dollars by simply opening a new checking or savings account? A lot of banks give bonuses to their clients who open new accounts and these bonuses often range from $150 to $300 or even more for each new account opened. I regularly open new checking and savings accounts and then use those bonuses to cover my travel expenses such as reward flights taxes and fees, hotel stays, train or bus tickets and others.

A lot of checking and savings accounts offers are available to everyone and can easily be found on bank websites. But sometimes banks send letters to their existing or potential customers with personalized offers that usually have better account opening bonuses than the publicly available ones. The best checking account offer I have ever got came in mail and it was from Citibank. It gave me 50,000 ThankYou points (worth at least $625) for opening a checking account and making a few online bill payments. I was then able to combine these points with the other 50,000 ThankYou bonus points which I had earned a few months earlier from my Citi ThankYou Premier credit card. Bank account opening offers as good as this one are not very frequent and they usually come via mail so it is always a good idea to read all the letters that you receive from financial institutions.

• How to Get Checking or Savings Account Bonuses

In order to get a checking account bonus, banks will usually ask you to make a small initial deposit (such as $25) and then receive a certain amount of money via direct deposits (usually somewhere between $500-$2,000 within 60 days of account opening). Some banks may also ask to make online bill payments, debit card purchases or similar activities in order to get the bonus. To get a savings account bonus, banks will usually ask you to make a larger deposit into your new account (such as $5,000 or $10,000) within the first few weeks of account opening). You will also have to keep the new account open for at least a few months in order to get the bonus.

Some accounts may have monthly and other fees so it is important to know all the details before applying because certain fees can significantly reduce the value of your bonus. However most accounts have ways to waive these fees (for example, by maintaining minimum balance, having direct deposits, etc.). Banks will also report your bonuses to the IRS and state tax agencies usually as interest income which means that you will have to pay taxes on the bonus money.

• Currently Available Checking and Savings Account Bonus Offers 

Below you can find some of the best checking and savings account bonus offers available at this time (in June 2018). Some offers may not be available to residents of all states.

HSBC BANK currently has two offers available:

Get $200 bonus when you:

• open HSBC Choice Checking account by June 29, 2018,
• deposit $1,500 within 30 days of account opening and
• maintain $1,500 balance or more for at least 90 days starting the date of deposit.

Get $350 bonus when you:

• open HSBC Advance Checking account by June 29, 2018,
• deposit $10,000 within 30 days of account opening and
• maintain $10,000 balance or more for at least 90 days starting the date of deposit.

Full details of these offers and application links can be found here.

SUNTRUST BANK gives bonuses for their new customers who open these checking accounts:

Get $500 when you:

• open Signature Advantage account by July 31,2018,
• deposit at least $100 within 14 days of account opening,
• receive at least $2,000 in direct deposits within 60 days of account opening, and
• make at least 10 debit card purchases with your debit card within 60 days of account opening.

Get $250 when you:

• open Select Checking account by July 31, 2018,
• deposit at least $100 within 14 days of account opening,
• receive at least $1,000 in direct deposits within 60 days of account opening, and
• make at least 10 debit card purchases with your debit card within 60 days of account opening.

Full details of these offers and application links can be found here.

TD BANK has two checking account offers with bonuses available:

Get $150 when you:

• open TD Convenience Checking account and
• receive direct deposits of $500 or more within the first 60 days of account opening.

Get $300 when you:

• open TD Premier Checking account and
• receive direct deposits of $2,500 or more within 60 days of account opening.

Full details of these offers and application links can be found here.

CITIBANK has two great offers for customers who did not have Citibank checking account within the last 180 days:

Get $400 when you:

• open new Citibank Account Package checking and savings accounts by June 30, 2018,
• deposit a total of $15,000 into these checking and/or savings accounts within 30 days of accounts opening (money cannot be transferred from another Citibank account),
• maintain a total minimum balance of $15,000 in these checking and/or savings accounts for at least 60 days.

Get $600 when you:

• open new Citibank Account Package checking and savings accounts by June 30, 2018,
• deposit a total of $50,000 into these checking and/or savings accounts within 30 days of accounts opening (money cannot be transferred from another Citibank account),
• maintain a total minimum balance of $50,000 in these checking and/or savings accounts for at least 60 days.

Full details of these offers and application links can be found here.

CITIZENS BANK has one checking account offer currently available:

Get $200 bonus when you:

• open One Deposit Checking account online by June 30, 2018 and
• make a single direct deposit of $500 or more within 60 days of account opening.

Full details of the offer and application link can be found here.

CHASE BANK has a checking and savings account offers:

Get $200 when you:

• open Chase Total Checking account by July 16, 2018,
• deposit $25 or more at account opening, and
• have at least one direct deposit (such as paycheck, Social Security, pension, etc.) within 60 days of account opening.

Get $150 when you:

• open Chase Savings account by July 16, 2018,
• deposit $10,000 in new money within 10 business days and
• maintain $10,000 balance for at least 90 days.

Full details of these offers and application links can be found here.