The Best New Bank Account Promotions Available Today

Financial institutions have intensified their efforts to allure new customers, spurred by the fierce competition facilitated by accessible online banking. This trend in the financial services industry involves offering attractive bonuses to customers who open new accounts.

These bonuses can amount to several hundred dollars, essentially implying that banks are willing to pay for your business. If you have the financial capacity to meet the stipulated balance requirements, these enticing bank bonuses are sure to catch your attention.

The Chase Sapphire Checking account is open to both new and existing customers, with current Chase clients having the option to upgrade their account to the Sapphire brand. To make the most of this bonus, you’ll need a substantial amount of money readily available. However, if you meet the requirements, you could pocket a generous $750 bonus.

Here’s what you need to do: deposit at least $75,000 in qualified assets into eligible Chase Sapphire accounts within 45 calendar days. Then, maintain a daily balance of at least $75,000 for 90 calendar days to receive your automatic bonus. Qualified assets include cash and securities, which can be distributed across eligible Chase savings, checking, and brokerage accounts. For more details and the fine print, visit the Chase Sapphire promotional page.

SunTrust Bank, headquartered in Atlanta, has entered the competition by offering new customers bonuses of up to $750. While there are several conditions to fulfill, qualifying for this offer could result in one of the most substantial rewards available. Here’s how it works: open a SunTrust Advantage Checking account and deposit $100 within two weeks. Then, make at least $3,000 in qualified direct deposits and conduct a minimum of 10 debit card purchases. Ensure that these deposits and transactions are posted to your account within the initial 60 business days of activation.

Meeting these criteria will earn you a $250 bonus. To secure the additional $500, you must add at least $100,000 in qualified deposits to eligible SunTrust accounts within 30 days of opening them. Since SunTrust operates regionally, you must be a resident of a state where the bank has physical branches to qualify. For further details, visit the bank’s promotional website.

Consider opening an HSBC Premier Checking account if you have $100,000 available for deposit. Within 90 days of opening the account, deposit $100,000 and receive a generous $750 as a token of appreciation.

While the $100k requirement may seem steep, HSBC offers two alternative options. First, deposit $10,000 or more into an Advance Checking account within 90 days of activation and receive $350. At a lower tier, deposit $1,500 or more into a new Choice Checking account within the same timeframe to earn an extra $200. Interestingly, from a percentage perspective, the lesser options offer a better deal: $750 represents only 0.75% of $100,000, whereas $350 is 3.5% of $10,000 and $200 is 13.3% of $1,500.

At Citi, new Priority Account Package members can receive $600 in bonuses without the need for electronic direct deposits. Simply deposit $50,000 in new funds to qualify. The only requirement is that the $50,000 must come from sources outside existing Citi accounts.

Citi also provides additional bonuses ranging from $100 to $500. Moreover, the bank offers easy qualification for waived account fees by maintaining the required balance threshold. Visit Citi’s offer page to learn more.

Until November 27, 2019, Wells Fargo is offering a special deal. Open a new Everyday Checking account, either in person or online, to qualify for a one-time $400 bonus. To claim the bonus, you need to make an initial deposit of at least $25 and then set up direct deposits totaling $3,000 or more each month for three consecutive months. The first deposit must be made within 150 calendar days to remain eligible, and your account must always maintain a minimum balance of $1.

While the account incurs a $10 monthly fee, you can avoid it by meeting one of these criteria: maintain a daily balance of $1,500, conduct at least 10 debit card transactions per month, or have monthly direct deposits of at least $500. It’s important to note that this offer is only available in select regions, so be sure to confirm its availability in your area before signing up.

Some of the mentioned offers have a limited timeframe, so they might not be available when you look into them further. But don’t fret too much about missing out. The trend in the banking industry of attracting new customers with generous bonuses seems to be sticking around. Stay vigilant and regularly check in with your preferred financial institution. It’s likely that another enticing offer will pop up before too long.

Additionally, keep in mind that these are just a handful of the numerous similar offers out there. While others may offer smaller bonuses, they often come with more achievable terms and conditions. Happy searching, and enjoy the extra cash!