6 Best Bank Bonuses For New Customers For 2024
If you’re planning to open a new checking account soon, you might be eligible for free bonus cash. Many banks provide cash incentives to new customers who meet specific direct deposit criteria and remain active. However, not all banks offer these bonuses, and the amounts can vary widely. To explore the potential bonus amounts available to you, start by searching online.
In addition to cash bonuses, there are other factors to consider when choosing a new bank account. Take the time to compare services and fees offered by different banks online.
Here are some of the most lucrative checking account bonuses available.
1. Citibank
Bonus: Up to $1,500
By opening a new checking account with Citibank, you could qualify for a bonus cash reward of up to $1,500. To be eligible, you must make a deposit into your new checking account within 20 days of opening it and maintain the minimum balance for an additional 60 days.
Once you’ve completed these requirements within 90 days, the cash bonus will be deposited into your account. The bonus amount depends on the initial deposit you make, with three potential bonus levels:
- Earn $300 with a minimum deposit of $15,000.
- Earn $700 with a minimum deposit of $50,000.
- Earn $1,500 with a minimum deposit of $200,000.
2. PNC Bank
Bonus: Up to $400
The Virtual Wallet account offered by PNC Bank provides convenient online and mobile financial management. With features like easy money transfers, contactless debit card payments, and digital tools for money management, it simplifies your banking experience.
Opening and using a Virtual Wallet with Performance Select account could earn you up to $400 in bonus cash. Alternatively, you could receive a $50 bonus by opening a Virtual Wallet account or a $200 bonus by opening a Virtual Wallet with Performance Spend account.
3. TD Bank
Bonus: Up to $300
TD Bank is offering a bonus opportunity for new account holders. By opening a TD Beyond Checking account, you could earn a $300 cash bonus. All you need to do is receive direct deposits totaling $2,500 or more within 60 days of opening your account to qualify.
Alternatively, new customers opening a TD Convenience Checking account could receive a $150 cash bonus. To qualify, simply receive a direct deposit of $500 or more within 60 days of opening the account.
Upon meeting the criteria for either account, the bonus will be added to your checking account within 140 days.
4. BMO Harris Bank
Bonus: Up to $350
Open a new BMO Harris Premier account to receive a $350 cash bonus. To qualify, you must receive a total of at least $7,500 in direct deposits within the first 90 days of opening the account. This account offers unlimited transactions and surcharge fee rebates on non-BMO Harris ATMs, making it a valuable option.
Alternatively, you could earn a $200 cash bonus by opening either a Smart Advantage Account or Smart Money Account. To qualify for this offer, you’ll need to receive a total of $4,000 in qualifying direct deposits within the specified timeframe after opening the account.
5. Huntington Bank
Bonus: Up to $300
Huntington Bank offers three checking accounts with bonus cash incentives for new customers. Opening a Huntington 25 Checking account and depositing a minimum of $25,000 could earn you $300 in bonus cash. Upon meeting the requirements, the bonus will be deposited into your account within 14 days.
For those looking to earn bonus cash with a smaller deposit, there are two other options available. An Asterisk-Free Checking account offers a $150 bonus, while a Huntington 5 checking account can earn you $200. Both accounts require only a minimum deposit of $1,000 to qualify for the respective bonus.
6. Wells Fargo
Bonus: $300
Opening a new Everyday Checking account with Wells Fargo could earn new customers a $300 cash bonus. To qualify, a minimum opening deposit of $25 is required, along with a total of $1,000 or more in direct deposits within 90 days of opening the account. Once the criteria are met, members can expect the bonus cash deposit in their account within 30 days.
Being a Wells Fargo customer comes with several benefits, including contactless in-store payments, easy money transfers, and mobile device banking.
Compare Your Checking Account Options Online
Checking account bonuses offer a valuable opportunity. By simply opening a new account and conducting your usual debit transactions, you could earn hundreds of dollars. All it typically requires is making a minimum deposit and fulfilling other specified conditions.
Begin by exploring various banks online to find one that aligns with your needs. Look for those offering cash bonuses to new customers. Depending on the bank, you could see free cash deposited into your account within a few months.
