Banks regularly offer cash bonuses and other promotions to attract new customers. You can earn hundreds of dollars just by opening an account.

                By                    Daria Uhlig
  • Checking Account Promotions
  • Savings Account Promotions
  • Bank Referral Sign-Up Bonuses
  • Business Account Promotions
  • Switching Banks

More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today.

  • Citi® Checking Account: Up To $2,000 Bonus
  • Huntington Bank: Up to $600 Bonus
  • TD Signature or Simple Savings Account: $200 Bonus
  • Citi® Savings Account: Up To $5,000 Bonus
  • HSBC Share the Experience Referral Bonus: $300
  • Chime Referral Bonus: $100
  • Huntington Unlimited Plus Business Checking: $750 Bonus
  • M&T Bank Tailored Business Checking: $500 Bonus

Checking Account Promotions

A checking account is a basic financial tool that everyone should have. Now may be the time to find a new bank and take advantage of lucrative checking account promotions.

Citi® Checking Account: Up To $2,000 Bonus

If you can meet the deposit requirements, you could be looking at a tidy sum of up to $2,000 from Citi when you open a new personal checking account. Choose from four checking account packages and five bonus levels with this Welcome Checking Cash Bonus Offer.

  • Cash value: Up to $2,000
  • Minimum deposit to qualify: $10,000
  • Expiration date: Apr. 4, 2023
  • How to get it:
  • After opening a new checking account in an eligible package and enrolling in the Welcome Checking Cash Bonus Offer directly from the offer page or with a Citi representative (either by phone or in-branch), deposit the qualifying amount within 20 days of opening the account.
  • $10,000-$29,999: $200 bonus
  • $30,000-$74,999: $500 bonus
  • $75,000-$199,999: $1,000 bonus
  • $200,000-$299,999: $1,500 bonus
  • $300,000 or more: $2,000
  • After making the qualifying deposit within the first 20 days, maintain that minimum balance for a consecutive 60 days after the 21st day to receive the cash bonus. Refer to the offer for full terms and conditions.
  • When you’ll get it: Within 30 days of completing the required activities
  • Terms and conditions: You must not have held a Citi checking account in the past 180 days, be at least 18 years of age and meet the balance requirements described above with new-to-Citi funds. Your account must be open and in good standing to receive the bonus.
  • Monthly fee: Monthly fees range from $12 to $30 depending on account type. They’re waived when you meet minimum balance requirements.
  • Promotion page: Citi checking account bonus offer

Huntington Bank: Up to $600 Bonus

New Huntington Bank customers can earn up to $600 for opening and funding a Perks or Platinum Perks Checking account.

  • After opening a new checking account in an eligible package and enrolling in the Welcome Checking Cash Bonus Offer directly from the offer page or with a Citi representative (either by phone or in-branch), deposit the qualifying amount within 20 days of opening the account.

  • $10,000-$29,999: $200 bonus

  • $30,000-$74,999: $500 bonus

  • $75,000-$199,999: $1,000 bonus

  • $200,000-$299,999: $1,500 bonus

  • $300,000 or more: $2,000

  • After making the qualifying deposit within the first 20 days, maintain that minimum balance for a consecutive 60 days after the 21st day to receive the cash bonus. Refer to the offer for full terms and conditions.

  • $10,000-$29,999: $200 bonus

  • $30,000-$74,999: $500 bonus

  • $75,000-$199,999: $1,000 bonus

  • $200,000-$299,999: $1,500 bonus

  • $300,000 or more: $2,000

  • Cash value: $400-$600

  • Minimum deposit to qualify: No minimum amount for $400 Perks Checking bonus; $25,000 for $600 Platinum Perks Checking bonus

  • Expiration date: Feb. 7, 2023

  • How to get it: Use the links on the offer page to sign up for a new Perks or Platinum Perks Checking account online or in person. Then make qualifying deposits:

  • For $400 Perks Checking bonus, receive direct deposit of a payroll, salary, pension or government payment within 90 days of account opening

  • For $600 Platinum Perks Checking bonus, make $25,000 in cumulative deposits within 90 days of account opening

  • When you’ll get it: 14 days after meeting the requirements

  • Terms and conditions: Offer is only available to new checking customers who reside in Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia or Wisconsin. You must use the Apply Online or Open at a Branch button on the offer page on the Huntington website.

  • Monthly fees: $10 for Perks Checking, waived with $1,000 in total monthly deposits or $5,000 in total relationship deposits; $25 for Platinum Perks Checking, waived with $25,000 total relationship balance

  • Promotion page: Huntington National Bank checking bonus offer

Savings Account Promotions

A savings account is a great place to keep your emergency fund or set aside money to pay for big-ticket items. Boost your savings with one of these lucrative savings account promotions.

  • For $400 Perks Checking bonus, receive direct deposit of a payroll, salary, pension or government payment within 90 days of account opening
  • For $600 Platinum Perks Checking bonus, make $25,000 in cumulative deposits within 90 days of account opening

Citi Savings Account: Up To $5,000 Bonus

  • Cash value: Up to $5,000
  • Expiration date: Apr. 3, 2023
  • How to get it:
  • Open a new Citi Savings Account and fund it with new-to-Citi funds within 20 days of opening.
  • Then, maintain a minimum balance for 60 days beyond the 21st day to get the bonus. The minimum deposit and balance amounts and bonuses are as follows:
  • $10,000-$29,999: $100 bonus
  • $30,000-$49,999: $150 bonus
  • $50,000-$99,999: $250 bonus
  • $100,000-$199,999: $500 bonus
  • $200,000-$499,999: $1,000 bonus
  • $500,000-$999,999: $2,500 bonus
  • $1,000,000 or more: $5,000 bonus
  • See the offer page for full terms and conditions.
  • When you’ll get it: Within 90 calendar days after completing required activities
  • Terms and conditions: New or existing Citi customers are eligible for this offer provided they open a new savings account and follow the deposit minimums, and they open the account in or reside in the eligible states (New York, Connecticut, New Jersey, District of Columbia, Virginia, Maryland, California, Nevada and select markets in Illinois and Florida). Your account must remain open and in good standing for 60 calendar days after completing the requirements.
  • Monthly fee: $0 fee for the Citi Savings Account. Associated checking account may incur fees, depending on the average balance and the type of account.
  • Promotion page: Citi Savings Account bonus offer

TD Signature Simple Savings Account: $200 Bonus

Two of TD Bank’s savings accounts have the opportunity to claim a $200 bonus for opening a new personal savings account, provided you can meet the funding requirements. 

  • Open a new Citi Savings Account and fund it with new-to-Citi funds within 20 days of opening.

  • Then, maintain a minimum balance for 60 days beyond the 21st day to get the bonus. The minimum deposit and balance amounts and bonuses are as follows:

  • $10,000-$29,999: $100 bonus

  • $30,000-$49,999: $150 bonus

  • $50,000-$99,999: $250 bonus

  • $100,000-$199,999: $500 bonus

  • $200,000-$499,999: $1,000 bonus

  • $500,000-$999,999: $2,500 bonus

  • $1,000,000 or more: $5,000 bonus

  • See the offer page for full terms and conditions.

  • $10,000-$29,999: $100 bonus

  • $30,000-$49,999: $150 bonus

  • $50,000-$99,999: $250 bonus

  • $100,000-$199,999: $500 bonus

  • $200,000-$499,999: $1,000 bonus

  • $500,000-$999,999: $2,500 bonus

  • $1,000,000 or more: $5,000 bonus

  • Cash value: $200

  • Minimum deposit to qualify: $10,000

  • Expiration date: Oct. 31, 2023

  • How to get it: Open a new TD Signature Savings or Simple Savings Account and deposit at least $10,000 in new-to-the-bank funds within 20 days of opening. Then, maintain at least $10,000 as your daily average balance for 90 days after you’ve met the deposit requirement.

  • When you’ll get it: Within 180 days of account opening

  • Terms and conditions: Must not have held a TD Bank savings or money market account within the past 12 months or claimed a past savings or money market account bonus. Your account must remain open and in good standing for six months or the bonus may be deducted during account closing.

  • Monthly fees: TD Signature Savings has a monthly fee of $15. TD Simple Savings has a monthly fee of $5. Fees are waived when you maintain minimum balance requirements or are under age 18 or over age 62.

  • Promotion page: TD Savings Accounts $200 bonus offer

Bank Referral Sign-Up Bonuses

Some banks offer referral bonuses to customers who encourage their family and friends to sign up for an account. Chances are, the person you refer will earn a bonus of their own.

HSBC Share the Experience Bonus: $300

HSBC will reward you with $300 for every friend or family member you refer who signs up for an account. When they qualify for an HSBC Premier checking account and complete qualifying activities, they’ll earn earn a bonus, too — up to $1,000. You can earn up to $6,000 in referral bonuses each calendar year.

  • Cash value: $300 per qualified referral, up to $6,000 per calendar year
  • Minimum deposit to qualify: None for referrer to earn bonus; $75,000 for referred individual to earn $500, $500,001 to earn $1,000
  • Expiration date: Apr. 30, 2023
  • How to get it: Log into Personalized Internet Banking and locate your Share the Experience referral code. Your referrals must open an eligible new account in person, online at us.hsbc.com/refer or over the phone at 800-975-4722. To receive a $500 bonus, the referral must deposit at least $75,000 in deposit and/or eligible investment accounts. The minimum investment for a referral to receive a $1,000 bonus is $500,001.
  • When you’ll get it: Within eight weeks of your referral’s account opening
  • Terms and conditions: Customers must have an HSBC Premier account in the U.S. and have access to HSBC Personal Internet Banking to qualify. The referral must keep their account open for at least 21 days and must not have a current or past HSBC account in the U.S. on file. The referral must provide your personalized referral code at account opening for you to qualify to receive the bonus.
  • Monthly fees: Fees vary by account.
  • Promotion page: HSBC Share the Experience referral bonus offer

Chime Referral Bonus: $100

Chime* makes it easy for you and a friend or family member to earn $100. There’s no limit on how many bonuses you can earn.

  • Cash value: $100 per referral
  • Minimum deposit1 to qualify: $200
  • Expiration date: None disclosed
  • How to get it: Send invites to contacts using the mobile app, or send them your customized link. You both receive a $100 bonus when they use your referral link to open a Chime account and receive a qualifying direct deposit of $200 or more within 45 days of account opening.
  • When you’ll get it: After the terms are complete
  • Terms and conditions: No additional terms noted
  • Monthly fees: $0
  • Promotion page: Chime referral bonus offer

Business Account Promotions

Bank bonuses are also available for business accounts. Score some extra cash via these worthwhile business account promotions to share with employees or expand your business.

Huntington Unlimited Plus Business Checking: $750 Bonus

With a Huntington Unlimited Plus Business Checking account, you enjoy perks like unlimited transactions and online access to your account. For a limited time, new customers can select two bonus services when they sign up for a new account and earn a cash bonus of $750. Here’s how:

  • Cash value: $750
  • Minimum deposit to qualify: $20,000
  • Expiration date: Feb. 5, 2023
  • How to get it: Open an Unlimited Plus Business Checking account through the offer page or in-branch after choosing the “open at a branch” option on the offer page before Feb. 5. Deposit at least $20,000 in new-to-Huntington funds within 60 days of opening the account, and keep your new account open for at least 90 days.
  • When you’ll get it: Within 14 days of meeting the requirements
  • Terms and conditions: The offer is available only to new business checking accounts for residents of Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, or West Virginia or Wisconsin. Accounts closed within 180 days may be charged an early account closing fee.
  • Monthly fees: $40, but can be waived by maintaining a minimum relationship balance of $50,000
  • Promotion page: Huntington Unlimited Plus Business Checking bonus offer

M&T Bank Tailored Business Checking: $500 Bonus

A new M&T Bank Tailored Business Checking account can help keep your business finances on track and reward you with a $500 bonus when you maintain a qualifying balance for three months.

  • Cash value: Up To $500
  • Minimum deposit to qualify: $5,000
  • Expiration date: March 31, 2023
  • How to get it: Open a new M&T Tailored Business Checking account and then maintain an average ledger balance of at least $5,000 for three full calendar months after account opening.
  • When you’ll get it: Within 45 days of meeting the requirements
  • Terms and conditions: This offer is not available to customers who have had an M&T business checking account within the previous 90 days of opening an M&T Tailored Business Checking account.
  • Monthly fees: $10, waived with an average ledger balance of at least $2,500 or five or more transaction items during the statement period.
  • Promotion page: M&T Tailored Business Checking Offer

Is It Time To Switch Banks?

Now may be the time to switch banks if you can take advantage of one of the best bank promotions. Before you change banks, make sure it offers the products and services you need. A lucrative bonus is great, but it’s more important to have a bank that’s a good fit for your financial lifestyle.

Cynthia Bowman, Melanie Grafil and Julia Gordon contributed to the reporting for this article.

  • Many banks, including Citi, HSBC, Chime and M&T, are currently running bonuses.

  • Bank bonuses are worth it if the account is a good fit for you and, in the case of referral bonuses, for the individual(s) you refer.

Information on promotions is accurate as of Jan. 11, 2023. Additional requirements may apply. Offers and terms are subject to change.

*Chime is a financial technology company, not a bank. Banking services provided by, and debit card issued by, The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC

1The retailer that receives your cash will be responsible for transferring the funds for deposit into your Chime Checking Account. Cash deposit fees may apply if using a retailer other than Walgreens.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

This article has been updated with additional reporting since its original publication.