Who doesn’t love free money? While there are very few “free lunches” in the world, there are plenty of bank promotions to earn free money for opening a new account.

Banks used to offer pointless gifts but have finally understood that new customers want one thing — free money!

I’ve scoured the internet to find the best bank promotions to help get you free money. If you need to open a new checking, saving, or business account there are plenty of options below. I highly recommend that you read through this list and confirm with each bank promotional page as offers change frequently.

If you do elect one of these offers to make sure you abide by all the terms of each promotion to receive your bonus money! Most of these offers expire in June or July 2018 so make sure to act fast for your free bonus and promotions.

Here are the best bank promotions and bonuses for checking, savings, and new business accounts.



Chase Bank Promotions and Bonuses

To make sure this post is unbiased I will say that I use Chase for all my personal checking, saving, and business needs. I’ve been using them as far back as Washington Mutual which Chase acquired in 2009. While I do use Ally for other accounts I enjoy having a physical location to go to for some of my banking needs.

Here are some of their biggest bank promotions that Chase is currently running:

1. Chase Savings: $150 Bonus

What You Need to Know

By opening a Chase Savings account you can earn a free $150 bonus! You can take advantage of this bank promotion by signing up online or in store. Whether you sign up in-store or online you will need a coupon that can be emailed to you from their promotions page.

You must fund the account with at least $10,000 in new money within 10 business days. Once you open the account you need to maintain the balance of at least $10,000 for 90 days and the account must remain open for at least six months. The $150 bonus will be directly deposited into your savings account approximately 10 business days after your first deposit.

There is a monthly fee of $5 but can be avoided if you do any of the following:

  • A minimum daily balance of $300
  • Have one or more repeating automatic transfers of $25 from your Chase Personal checking account
  • Having a linked premium Chase checking account (which is free for those under 18 years old)

How to Qualify For This Promotion

To qualify for this bank offer you must not have had a Chase checking account within the past 90 days. You also aren’t eligible if you have closed a Chase account with a negative balance or if you have a fiduciary account.

When Is This Expiring?

This offer runs through July 16th, 2018.

2. Chase Total Business Checking: $200 Bonus

What You Need to Know

By opening a Chase Total Business Checking account you can earn a free $200! You can take advantage of this bank promotion by signing up online or in store. Make sure to access the coupon that can be emailed to you from their promotional page.

You must fund the account with at least $1,000 in new money within 10 business days. Once you open the account you need to maintain the balance for 60 days.

There is a $15 monthly service fee that will apply unless you do one of the following:

  • Maintain a daily minimum balance of $1500
  • Maintain a linked Chase Private Client Checking account
  • Chase Premier Platinum Checking personal account

To receive the free $200 bonus you will need to complete any of these 5 qualifying transactions within 60-days of opening the account:

  • Debit card purchases (Insider Hint: No amount is too small. I charged some airport lunches, coffee, and other small business expenses and qualified for this offer.)
  • Chase QuickDeposit 
  • ACH (Credits)
  • Wire Transfers (Credits and debits are accepted)

The $200 bonus will be directly deposited into your checking account no more than 10 business days after your first deposit. (Disclaimer: I just took advantage of this bank promotion earlier this year but am still waiting for the $200 well after 14 days).

How to Qualify

To qualify for this bank offer you must be a new Chase business checking client. You also must not have opened a new Chase checking account within the past 90 days. You also aren’t eligible if you have closed a Chase account with a negative balance or if you have a fiduciary account.

When Is This Expiring?

This offer runs through July 10th, 2018.

3. Chase Total Checking: $200 Bonus

What You Need to Know

By opening a Chase Total Checking account you can earn a free $200! You can take advantage of this bank promotion by signing up online or in store. With locations around the United States its very easy to stop by or do it quickly from their secure website by visiting Chase.com.

You will need a coupon that can be emailed to you from their promotions page and must fund the account with at least $25. Once you open the account you need a direct deposit into the account with 60 days. The account must also remain open for at least six months.

The $200 bonus will be directly deposited into your checking account no more than 10 business days after your first deposit. There is a monthly fee of $12 but can be avoided if you do any of the following:

  • Monthly direct deposits of $500 or more
  • A minimum daily balance of $1,500
  • Keep an averaged daily balance of $500 in your Chase Total Checking and/or qualifying linked Chase bank accounts

How to Qualify

To qualify for this bank offer you must not have opened a Chase checking account within the past 90 days. You also aren’t eligible if you have closed a Chase account with a negative balance or if you have a fiduciary account.

When Is This Expiring?

This offer runs through July 16th, 2018.

4. Chase Premier Plus Checking: $300 Bonus

What You Need to Know

By opening a Chase Premier Plus Checking account you can earn a free $300! You can take advantage of this bank promotion by signing up online or in store.  

You will need a coupon that can be emailed to you from their promotions page and must fund the account with at least $25. The requirements are the same as a Chase Total Checking account.  You will need a direct deposit into the account with 60 days and the account must remain open for at least six months. The $300 bonus will be deposited into your checking account no more than 10 business days after your first deposit.

There is a monthly fee of $25 but can be avoided if you do either of the following:

  • Have automatic payments to a linked Chase mortgage account
  • Maintain an average daily balance of $15,000 across all linked deposit and investment accounts.

How to Qualify For This Offer

To qualify for this bank offer you must not have had a Chase checking account within the past 90 days. You also aren’t eligible if you have closed a Chase account with a negative balance or if you have a fiduciary account.

When Is This Expiring?

This bank promotions also runs through July 16th, 2018.

5. Chase College Checking: $50 Bonus

What You Need to Know

By opening a Chase College Checking account you can earn a free $50!  You will need a coupon that can be emailed to you from their promotions page and meet these requirements:

  • Initial deposit of at least $25
  • Enroll in paperless statements
  • Complete 10 qualifying transactions within 60 days of opening the account

The $50 bonus will be deposited into your checking account no more than 10 business days after your first deposit. There is a monthly fee of $25 but can be avoided if you do either of the following:

  • Have automatic payments to a linked Chase mortgage account
  • Maintain an average daily balance of $15,000 across all linked deposit and investment accounts.

How to Qualify

To qualify for this bank offer you must not have had a Chase checking account within the past 90 days. You also aren’t eligible if you have closed a Chase account with a negative balance or if you have a fiduciary account.

When Is This Expiring?

This bank promotions also runs through August 13th, 2018.

Wells Fargo Bank Offer

5. Wells Fargo Everyday Checking: $200 Bonus

What You Need to Know

By opening a Wells Fargo Everyday Checking account you can earn a free $200 bonus offer! You can take advantage of this bank promotion by signing up online or in store. With locations around the United States and their new promotional campaigns to increase customer service, this could be a great option.

You will need a coupon that can be emailed to you from their promotions page and follow these instructions:

  • Fund the account with at least $25.
  • Make 10 payments of at least $1 for three consecutive calendar months with your debit card

The $200 bonus will be directly deposited into your checking account 45 days of meeting the requirements. There is a monthly fee of $10 but can be avoided if you do any of the following:

  • Monthly direct deposits of $500 or more
  • A minimum daily balance of $1,500
  • 10 debit card purchases post to your account per monthly cycle

How to Qualify

To qualify for this bank offer you must live in the correct area of the country. No details are provided if you are a past Wells Fargo customer.  

When Is This Expiring?

This offer runs through June 29th, 2018.

Capital One Bank Promotions

6. Capital One 360 Money Market Account: Up to $600 Bonus Offer

What You Need to Know

By opening a Capital One 360 account you can earn big time! Capital One partnered up with Quick to offer this promotion for the 360 Money market account. You can earn up to $600 based on how much you initially deposit into your account:

  • $600 bonus for $100,000 deposits or more
  • $400 bonus for $50,000 to $99,999
  • Earn a $200 bonus for deposits of $10,000 to $49,999

No coupon is needed but you will need to use the promotion code: QUICKONE to take advantage of this offer. The $300 bonus will be deposited into your checking account no more than 10 business days after your first deposit.

How to Qualify

To qualify for this bank offer you must not have had a Chase checking account within the past 90 days. You also aren’t eligible if you have closed a Chase account with a negative balance or if you have a fiduciary account.

When Is This Expiring?

This bank promotion expired on 5/31/2018 but the page is still available. Act now if you need a new money market account!  

7. Capital One 360 Checking Account: $25 Bonus Offer

What You Need to Know

By opening a Capital One 360 checking account you can earn up to $25. You will need to do the following to activate the promotion:   

  • Deposit at least $250 when opening the account
  • Make at least 3 debit card purchases or Person2Person payments (you can use a combination of the two) within 45 days of opening the account.

The $25 bonus will automatically be deposited on Day 50 once the requirement is met. As this is part of their “Refer a Friend Program” there is no expiration date noted on the sign-up page.

8. Capital One 360 Savings Account: $25 Bonus Offer

What You Need to Know

By opening a Capital One 360 savings account you can earn up to $25. You will only need to deposit $250 when opening the account to activate the promotion. The $25 bonus will automatically be deposited into your account upon account opening. As this is part of their “Refer a Friend Program” there is no expiration date noted on the sign-up page.

Citibank Promotions 

9. Citibank Account Package – $400 Bonus

What You Need to Know

When you open a Citibank Account Package you can earn a $400 bonus offer! This promotion is only available online. You must open a new checking and savings account in the Citibank package and do the following:

  • Deposit at least $15,000 in new funds (with a minimum of $1,500 in the checking and $100 in the savings account).
  • You must maintain this balance for at least 60 days.

The $400 bonus will be credited to your checking account within 90 days of completing the requirements listed above.  There is a monthly fee of $25 but is waived if you average a monthly balance of at least $10,000 across eligible Citibank accounts.

How to Qualify For This Bank Promo

To qualify for this Citibank offer you must not have had a Citibank checking or savings account within the last 180 calendar days.   

When Is Offer This Expiring?

This Citibank promotions also runs through June 30th, 2018.

HSBC Checking Bonus Offers

10. HSBC Choice Checking

What You Need to Know

When you open an HSBC Choice Checking you can earn a $200 free bonus offer!  You must open a new checking account and complete the following steps:  

  • Deposit a minimum qualifying balance of $1,500 or more in new money in a combined checking and savings account within 30 calendar days
  • Maintain a minimum qualifying balance of $1,500 for at least 90 days  

The $200 “welcome deposit” will be credited approximately eight weeks after completing all the qualifying activities.

When Is This Expiring?

This HSBC promotion expires June 29th, 2018.

11. HSBC Advance Checking: $350 Bonus

What You Need to Know

When you open an HSBC Advance Checking you can earn a $350 free bonus promotion!  You must open a new checking account and complete the following steps:  

  • Deposit a minimum qualifying balance of $10,000 or more in new money in a combined checking and savings account within 30 calendar days
  • Maintain a minimum qualifying balance of $10,000 for at least 90 days  

The $350 “welcome deposit” will be credited eight weeks after completing all the qualifying activities.

When Is This Expiring?

This HSBC promotion expires June 29th, 2018.

12. HSBC Premier Checking: $750 Bonus

What You Need to Know

When you open an HSBC Premier Checking you can earn a $750 free bonus! You must open a new checking account and complete the following steps:  

  • Deposit a minimum qualifying balance of $100,000 or more in new money in a combined checking and savings account within 30 calendar days.
  • Maintain a minimum qualifying balance of $100,000 for at least 90 days.  

The $750 “welcome deposit” will be credited eight weeks after completing all the qualifying activities.

When Is This Expiring?

This HSBC promotion also expires June 29th, 2018.

PNC Bank Promotions 

13. PNC Virtual Wallet: $50 – $300  

What You Need to Know

While not as popular of Chase or Bank of America, PNC Bank has a great that will allow you earn up to $300 bonus on their Virtual Wallet accounts. Your bonus amount will depend on which virtual wallet account you open and only works online.

The three tiers are virtual wallet ($50 bonus), virtual wallet with performance spend ($200 bonus), and virtual wallet with performance select ($300 bonus).   

  • Fund the account with at least $500, $2,000 or $5,000 (depending on which tier you select).
  • Make at least 10 payments with your PNC Bank Visa Debit Card  

The bonus will be directly deposited into your checking account 60 days of meeting the requirements. There is a monthly fee of $7 for all options but can be avoided if you do any of the following:

  • Monthly direct deposits of $500 or more
  • A minimum daily balance of $500
  • The account holder is 62 years or older
  • Have a virtual wallet student enrolled

How to Qualify

To qualify for this PNC offer you must not have had a PNC account within 90 days or used any other PNC promotion in the past year.   

When Is This Expiring?

This offer runs through June 30th, 2018. Sign up for these PNC offers now!

Smaller Bank Promotional Offers

14. Santander Checking Account: $150 Offer

What You Need to Know

Santander bank currently has a great offer if you just need a checking account. Their current offer allows you to a $150 bonus. You can sign up for this offer online by checking out their Basic Checking account page. The only requirement is that you must fund the account with at least $25 initially. 

There is a monthly fee of $10 on their basic checking account but can be avoided by making one transaction (deposit, transfer, payment, or withdrawal) during the calendar month to avoid the fee. Plus, there is no minimum balance! They also have a Santander Premier Plus Checking, Simply Right, savings and money market account as well.

How to Qualify For This Offer

To qualify for this Santander Bank offer you must not have opened an account in the last 12 months and can’t be combined with other offers. In order to receive the bonus, the checking account must remain open and in good standing.

When Is This Expiring?

This offer says that it has since expired but after going through the steps online it is still available. I’m not sure how long this will be the case and encourage you to act quickly if this is the right fit for you.

15. SunTrust Bank Checking: $250 or $500 Bonus Offer 

What You Need to Know

SunTrust Bank currently has two offers on their Select Checking and Signature Advantage checking account. With the Select Checking you will receive a $250 bonus or $500 bonus if you sign up for the Signature Advantage and meet the following requirements:

You must open a new checking account and complete the following steps:  

  • Deposit at least $100 within 14 days of account opening
  • Complete at least $1,000 for a Select Checking account or $2,000 in Direct Deposits for a Signature Advantage within 60 days of opening your account.
  • Conduct at least 10 debit card purchases within 60 days of account openings

You can sign up for this offer online by checking out their offer page or enter the promo code Q218CHECKINGOL. Your bonus will be credited to your new checking account up to 8 weeks after all qualifications are met.

There is a monthly fee of $15 or $25 depending on which account you open. To avoid the $25 monthly fee maintain $25,000 in total deposit balance. To avoid the $15 fee of the Select Checking you must do one of the following:    

  • Keep a $2,000 minimum daily balance
  • Make $2,000 or more in total qualifying direct deposits
  • Hold a SunTrust Mortgage with SurePay  
  • Maintain $10,000 total combined relationship balances linked across deposits, investments, mortgages and loans
  • Hold a Linked Small Business Checking account

How to Qualify For This Offer

To qualify for this Suntrust Bank offer you must be a new SunTrust personal checking client. You must not have closed a personal checking account within 180 days of the promotion start date of November 2nd, 2017.

This offer is only good if opened online and you live in the following states: Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia and the District of Columbia.

When Is This Expiring?

This offer expires on July 31st, 2018. While the reward is great there are a lot of steps to make sure you are eligible based on your location in the US.

16. Fifth Third Bank Essential Checking: $250 Bonus 

What You Need to Know

Fifth Third Bank currently has an offer for their essential checking account. You will receive a $250 bonus when you sign up as long you enroll in person. Check out their promo page to have your $250 coupon emailed to you. To qualify for the $250 bonus you must open a new Fifth Third Essential Checking account and complete the following steps:  

  • Deposit at least $500 within 45 days of opening the account.
  • Maintain balance for at least 60 days from the date of the balance requirement is reached

Your bonus will be credited to your new checking account within 10 business days of completing the qualifying activity requirements. There is a monthly fee of $11 (or $8 if you with monthly direct deposits totaling $500 or more) and can be avoided by doing one of the following requirements:

  • A combined monthly average balance of $1,500 across your deposit and investment accounts.
  • Spend at least $500 per month on a Fifth Third credit card.
  • Have a Fifth Third personal mortgage, auto loan or line of credit with an outstanding. balance.

How to Qualify

To qualify for this offer you must be a new Fifth Third Essential checking account customer. If you are an Express banking customer you can’t have closed an account within the last 12 months.

When Is This Expiring?

This offer expires on June 30th, 2018.

17. TD Bank Checking Account: $150 or $300 Bonus Offer

What You Need to Know

TD Bank has no offer with an expiration date to reward you for opening a new checking account! They have two options; the Convenience or Premier checking account. You will receive a $150 bonus when you sign up for the Convenience plan and $300 for the Premier checking account.

Check out their promo page for full details of each checking account. Here’s how to qualify for these offers:

TD Convenience Checking Account

  • Receive direct deposits of at least $500 within 60 days of opening the account.

TD Premier Checking Account

  • Receive direct deposits of at least $2,500 within 60 days of opening the account.

You will receive your bonus no later than 95 days after opening the account. Like other checking accounts there is a monthly fee but they make it pretty easy to avoid. For the TD Convenience checking the $15 fee is waived with a daily balance of $100. For the TD Premier checking the $25 fee is waived with a minimum daily balance of $2,500.

How to Qualify For This Offer 

To qualify for this offer you apply online and be a new customer. You must also be a resident of Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia or Washington, D.C.

18. Huntington Bank 5 Checking Account: $200 Bonus

What You Need to Know

Huntington Bank currently has an offer for their Huntington 5 checking account. You will receive a $200 bonus when you sign up online or in a branch. but have to enroll in person. Check out their promo page to enroll.

Getting started is easy, just deposit at least $1,000 within 60 days of opening the account. Maintain this $1,000 balance for an additional 90 days and you will receive the $200 offer.

Your bonus will be credited to your new checking account within 14 business days of completing the qualifying activity requirements. There is a low monthly fee of $5 that can be waived if you have at least $5,000 across all of your Huntington bank accounts.  

How to Qualify For This Offer 

To qualify for this offer you must be a new Huntington Bank customer and not have closed a past account within the past 60 days.   

When Is This Expiring?

This offer expires on June 30th, 2018.

4 Things to Know About Bank Promotions and Bonuses

1. Check Fees & Terms Carefully 

There is a ton of fine print with any bank promotion that is offering free or “bonus” money. Make sure you understand exactly what you need to do in order to receive your free money.

2. Understand That Your Credit Will Be Pulled

Most banks will do a soft credit pull when you open a new account. If you are worried about a hard credit pull to make sure to contact the bank directly. Hard pulls can temporarily drop your credit score and stay on your credit report.

3. Save All of Your Receipts

Save all of your emails, chats, and transactions if you go to the bank in person. If you have completed all of the necessary steps and still not received your money contact your bank immediately. I had this happen and they conveniently “lost” my offer. Luckily I had the receipt to show that I was owed $200 as my bonus offer.

4. Follow Up If Needed

Again, these promotions change frequently and they have the ability to end these bank promotions before the expiration date. Always confirm with the bank that your offer and bonus are still valid before signing up.

Sign Up For an Offer Today

There are tons of great options to sign up for your bank promotion or bonus and receive free money for a new account. Make sure that you follow all requirements so you can receive your bonus!

Have you used these bonus offers to open a checking or savings account? Did I miss any? If so, please let me know in the comments so our readers are up to date with the best bank promotions and bonuses.

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