If you are interested in opening a new personal current account, one might pay to select the one offering a login bonus. This is a one -time cash bonus that some banks and credit unions can offer as an incentive to attract new customers.
Although the cash bonus is not the only factor you should consider when choosing a current account, it can certainly sweeten the contract. Our team has compared more than the 20 best current accounts offering the FDIC FINIC financial institutions and narrowed the best of those who currently offer new bonuses in accounts. (Click here for complete methodology).
Related: View our choices for the 10 best free checks today >>
Interest rates, fees and requirements are correct from the date of publication. Please check the account details directly with the financial institution.
Account checking details:
AND Internet bank account Sofi is a combined check account and a high -yield savings account. Account owners can earn up to 4.00% APY when they meet certain requirements. This account does not have a monthly fee or minimum balance for balance. It also covers up to $ 50 for exceeding accounts for account owners with a direct deposit and a balance of at least $ 1,000.
Sofi currently offers a new bonus account up to $ 300. In order to qualify for the bonus, the account owners must pay at least one direct deposit in the amount of $ 1,000 or more than the employer of the registered member, payroll, fee or government agency via ACH deposit. Deposits of $ 1,000 to $ 4,999.99 are eligible for a monetary bonus in the amount of $ 50, while deposits of $ 5,000 or more can eligible for a $ 300 wallet. This bonus is available until January 31. 2026.
Read our complete examination of Sofi
Account checking details:
Citi’s approach check account Charges a monthly fee for a $ 5 service that can be abandoned by fulfilling certain requests. There are no bills for account exceeding, and customers can access a network of more than 65,000 ATMs without compensation.
Currently, this current account offers a $ 325 bonus for customers opening a new Citi® check account and deposits at least two improved direct deposits directly to a new current account within 90 calendar days from opening accounts. Total combined improved direct deposits must be equal to $ 3000 or more.
Your bonus will be deposited as a loan to your account within 30 calendar days after you have completed all the necessary activities. This offer is now available until July 7, 2025.
Account checking details:
Citi’s regular current account is the basic current account option that still offers the above $ 325 wallet above, with the same requirements for fulfillment of conditions. This account comes with a higher monthly fee, but this fee can be renounced if the account owner fulfills a particular criteria.
Account checking details:
AND Chase safe bank account It cannot be boasted of account exceeding, early direct deposit and bonus for the $ 100 for new customers.
To qualify for this cash bonus, you need to open a new chase bank account on the network on your network or enter your e -Štešte address to get your coupon and personally open your account in the Chase branch.
Then you need to meet 10 qualified transactions within 60 days of opening your account. These transactions include the purchase of debit cards, Zelle Payments, ACH Loans. After the end of these steps, you can expect your bonus to lay on your account within 15 days. This offer points out on April 16, 2025.
Keep in mind that this account comes with a monthly fee of $ 4.95, which can be avoided with qualified electronic deposits in the total amount of $ 250 or more per period from the report.
Account checking details:
Account with Safe Banks Bank of America is a simple current account with a monthly fee of $ 4.95, without fees for exceeding accounts, fraud monitoring and protection and money management tools. If you open an account online, you can qualify for a $ 300 bonus.
To meet the conditions for this bonus, you need to open a new online account and use the PSJ300CIS offer code until May 31, 2025. Next, you will need to set up and receive qualified direct deposits in the total amount of $ 2,000 or more within 90 days of opening your account.
You can expect your bonus to deposit on your account within 60 days of meeting all these requirements.
Account checking details:
TD is out of check checking The account owners give a little more than a traditional current account. Monthly ATM fees can be renounced if the account owners meet certain minimum Saldo requests. This account also offers an early direct deposit, compensation for ATMs off the network, relief of exceeding and limited monetary bonuses.
If you open a new TD outside the current account and you have $ 2,500 or more in direct deposits within 60 calendar days from the date of opening of the account, you can qualify for a $ 300 bonus. This offer ends on March 31, 2025.
Account checking details:
TD -O’s complete current account is a reduced version of the account out of check. Monthly ATM fees can be renounced if the account owners meet certain requirements.
To earn a bonus with this account, you must have $ 500 or more in direct deposits within 60 calendar days from the date of opening of the account. If the requirements are fulfilled, you will qualify for a $ 200 bonus. This offer ends on March 31, 2025.
A new bank account offer like bonuses are cash incentives for new customers opening bank accounts. In most cases, the bank will require you to meet certain requirements to qualify for the bonus.
These requirements are different from the bank to the bank, but may include the minimum amount in direct deposits over a specific period, minimum balance requirements, an account that remains in good condition throughout the promotional period or report for other products with your primary bank account.
Once you meet the requirements for earning a new bank account offer, in many cases you will get your bonus in your account within a few days. However, to discourage new customers to report to the account just to collect the bonus and then close it, they may be a penalty to close the account within a certain number of days or months after receiving the payment of bonus.
Opening a new cash bonus account or use of another type of promotion in the account account may be tempting, but these offers can come with a lot of fine press. Here are some major advantages and disadvantages you need to be aware of before you open a new account with the bonus/promotion in the bank account:
Pros:
-
It’s free money. Regardless of the amount, additional funds on your account can exceed a long way and give you an additional breathing room in your budget.
-
Banks’ incentive to switch. If your current bank does not work for you, a promotional account bonus can be an incentive that you need to transfer the banks and open a new account with better benefits or lower fees.
Against:
-
Bonuses are taxable. Bonuses in a bank account (including new bonuses to check accounts) are considered to be taxable income, along with interest earned on your balance. This puts you on a hook for a potentially larger tax account.
-
There may be additional requirements. Banks create these promotions to attract new customers to open an account and hold on. As such, getting that bonus may not be as simple as opening an account – you may need to complete a long list of requests to qualify for the full bonus amount, and your bank can also set the rules to make sure you do not close your account immediately after the bonus payment.
If you are thinking about the search for a bonus in your check account, there are several key factors to think to ensure that this is a good financial move:
-
A new amount of bonus on the account: Of course, the size of the new bonus on the account is the main factor to be taken into account, especially compared to the requirements required for the qualifying for the bonus.
-
Minimum account balance: Some banks require that you are maintaining a minimum account balance to qualify for a bonus or avoid monthly fees. If a minimum balance is required, be sure it will not burden your finances.
-
Direct Deposit Requests: Many bonuses require the installation of a direct deposit of a certain amount in a specific time frame. Ensure that your regular revenue sources can be placed as a direct deposit to fulfill these criteria.
-
Transaction requirements: Some accounts may require a minimum number of transactions a month to qualify for a bonus, which should naturally fit with your consumption habits.
-
Monthly fees: You might want to avoid opening an current account that charges monthly fees. If a particular account comes with monthly fees, see if this can give up by filling out certain criteria such as maintaining a minimum balance or direct deposit.
-
Account features: It is also important to look beyond the bonus and consider the account features themselves. Does it offer benefits such as free checks, ATM fees, internet banking and quality mobile applications?
-
Interest rates: Although account checks are usually not known for high interest rates, some offer rates that can be collected with time. This may be important if you plan to maintain a high balance.
Yes, the bank account bonuses are taxable. Your bank can send you a 1099-in tax form or 1099-MISC ahead of taxes to facilitate tax return, although this may not always be true. In case you do not get a tax form, you should still report that bonus money as a earned income of IRS.
Usually your financial institution will have rules when you can close your account after bonus collection. If you close your account immediately after making money, you may be forced to pay the fine or take away that bonus. Read the terms and conditions of your account to find out more about how to close your account will affect your bonus and when you can do so without punishment.
The time for which your bank is to lay your bonus will depend on the exact rules for that account, but you can usually expect to get your bonus within a few working days after you have fulfilled the required requirements for the eligibility of the terms. You can always call your bank or read the terms and conditions of your account to find out more about your bonus and when you can expect your payment.
If you already have a check account and think about opening a new one to use a bonus, you may be wondering if it’s okay to have more than one current account or even two current accounts at the same bank. Generally, there is no limit to the number of accounts or deposit accounts you can open as long as you can effectively manage them.
Bonus account check requirements vary depending on the bank. You usually have to open an account before the expiration of the bonus offer and then open your account to the minimum order of the day (often 60) before the bonus is assigned. You may also need to fulfill additional conditions, such as maintaining a minimum balance or installing direct deposits.
Bank bonus offers come and go, depending on which banks want to attract new customers to open the account. Some of the banks currently offering an account verification bonuses include Sofi, Axos, Chase, Citi, Bank of America and TD Bank.
In order to come up with our list of the best accounts for checking accounts, we started with our existing methodology for the best free current accounts. We then narrowed our choices based on the accounts that offered bonuses to check the account. We awarded points to the bills that included the bonus and consider the amount of bonus in our rank.
