Top 47 Bank Account Bonus and Promotion Offers

Bank Incentive Evolution

In the past, banks lured customers with promotional gifts like t-shirts and toasters. Today, they’ve pivoted to offering monetary bonuses for account openings. Many of these incentives come when you set up a direct deposit, while others simply require account activation.

Below, you’ll find the top bank promotions that are currently on offer, encompassing both checking and savings account bonuses. I’ve highlighted offers from national banks and have also spotlighted a few generous offers from banks with a more local reach.

To make our list, a bank’s bonus needs to be at least $100. Note: Most banks will do a minimal credit check to verify your identity. A full credit check is less common, but if that’s a concern, always check ahead of time.

Top Bank Bonuses
Here’s a selection of top offers from recognizable banks. You might find regional banks in our extensive list, but this snippet provides offers most people can access:

Bank	Bonus*	Expiration Date	Direct Deposit Required?
🏆 BMO Harris	$300, $500	9/15/2023	Yes
Bank of America	$100 Bonus Offer	8/31/23	Yes
U.S. Bank	up to $1,000	9/6/2023	Yes
Citi®	up to $2000	1/9/2024	No
Discover	$150 or $200	9/14/2023	No
Wells Fargo	$300	9/26/2023	Yes
Chase	$200	10/18/2023	Yes
PNC Bank	up to $400	6/30/2023	Yes
SoFi Money	up to $250	12/31/2023	Yes
Axos Bank	$300	12/31/2023	Yes
PSECU	$300	12/31/2023	Yes

Always check the specific terms of each offer.

The details here are correct at the time of posting. Be aware that offers can change. This article represents the author’s perspective, not that of any bank advertiser.

🏆 BMO Bank

BMO Smart Advantage Checking — $300 Bonus

BMO Harris is offering a $300 bonus* when you open a BMO Smart Advantage Checking account and when you have a total of $4,000 or more in qualifying direct deposits within the first 90 days. It is a very straightforward offer that is available nationwide.

The BMO Smart Advantage Checking account is great because there is no monthly fee if you used Paperless Statements.

BMO Smart Money Checking — $300 Bonus

There is also the BMO Smart Money Checking account with a $300 cash bonus* when you open an account and have at least $4,000 or more qualifying direct deposits within the first 90 days. There are no overdraft fees or NSF fees*. No minimum balance required and no monthly maintenance fee if you’re under 25 years old.

Available nationwide.

BMO Relationship Checking — $500 Bonus

If you receive a larger paycheck, BMO Harris will give you a $500 bonus* when you open a BMO Relationship Checking account and when you have at least $7,500 in qualifying direct deposits within the first 90 days. There are no additional requirements, it’s just a higher direct deposit total amount over the 90 days.

The account does have a $25 waivable monthly maintenance fee with unlimited non-BMO Harris ATM transactions plus $25 monthly rebate on ATM fees from other banks and a Relationship Package that provides increasing rewards across multiple products sets the deeper your relationship is with the bank. Also available nationwide.

Bank of America — Cash Bonus Offer

Bank of America has a $100 Bonus Offer to new customers when they open a new checking account online through a Bank of America promotional page.

Three Bank of America banking accounts qualify for this bonus:

Bank of America Advantage SafeBalance Banking® – $25 minimum opening deposit and $4.95 monthly maintenance fee. Fee may be waived for Students under 25 or when enrolled in Preferred Rewards.
Bank of America Advantage Plus Banking® – $100 minimum opening deposit and $12 monthly maintenance fee. Fee may be waived when enrolled in Preferred Rewards or have at least one qualifying direct deposit of $250 or more, or maintain a minimum daily balance of at least $1,500 each statement cycle.
Bank of America Advantage Relationship Banking® – $100 minimum opening deposit and $25 monthly maintenance fee. Fee may be waived when you maintain a combined balance of at least $10,000 during each statement cycle in eligible linked accounts or when you are enrolled in Preferred Rewards.

All it takes is for you to open an account and Set up and receive qualifying direct deposits totaling $1,000 or more into that account within 90 days of account opening.

Also, don’t forget, the Bank of America promotional offer code is DMF100CIS. If you click through the links on this site, the code will be entered automatically for you.

Member FDIC.

U.S. Bank Smartly™ Checking – up to $1,000

U.S. Bank has a new promotion on their U.S. Bank Smartly™ Checking account – it’s a great offer for new accounts and the requirements are straightforward.

Earn up to $1,000 when you open a new eligible U.S. Bank Smartly(TM) checking account and complete qualifying activities, subject to certain terms and limitations. Offer valid through 9/6/2023. Member FDIC.

Complete these steps within 60 days of opening your new U.S. Bank Smartly (TM) checking account online:Earn up to $500 with a new Bank Smartly Checking account. Complete the following within 90 days of account opening:

Enroll in online banking or the U.S. Bank Mobile App
Make two or more direct deposit(s)* totaling $5,000 to $9,999.99 to earn $300 or $10,000 or more to earn $500

Earn up to $400 with a new Standard Savings account.

Make new money deposit(s) totaling $25,000 to $49,999.99 to earn $200 or $50,000 or more to earn $400 by September 30, 2023
Maintain that balance until March 31, 2024

Earn an additional $100 for opening both!

Applicant must reside in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, or WY to be eligible for Checking account.

Citi Priority Account — up to $2000

The Citi Priority Account is offering up to $2000 when you open an eligible checking account and:

Within 20 days of opening, deposit the minimum amount of new-to-Citi funds.
Maintain a minimum balance for 60 consecutive calendar days from the 21^st day.
If your balance falls to a lower tier at any point during the maintenance period, the bonus changes.
Bonus will be paid within 30 days after you successfully complete all required activities.

The dollar amount of the bonus is based on the amount you deposit according to this schedule:

Minimum Deposit And Minimum Balance	Cash Bonus
$10,000 – $29,999	$200
$30,000 – $74,999	$500
$75,000 – $199,999	$1,000
$200,000 – $299,999	$1,500
$300,000 and above	$2,000

For example, if you deposit $50,000 and maintain it for 60 days following the 21st day, you get $500.

Member FDIC.This content reflects the author’s opinion, analysis and/or assessment and is that of the author’s only. This content has not been provided or reviewed by Citi.

Citigold® Checking Account — up to $2000

To earn this bonus, open a Citigold® Checking Account and deposit $10,000 or more in New-to-Citi funds in eligible linked accounts within 20 days and then maintain that balance for 60 days following the 21st day. The bonus you earn is based on the amount you deposit.

Minimum Deposit And Minimum Balance	Cash Bonus
$10,000 – $29,999	$200
$30,000 – $74,999	$500
$75,000 – $199,999	$1,000
$200,000 – $299,999	$1,500
$300,000 and above	$2,000

The cash bonus will be deposited to your open, eligible account within 30 calendar days after you complete all required activities.

So long as you have not owned a Citi checking account in the last 180 days, are at least 18 years old, and furnish or have a valid Form W-9 or Form W-8BEN on file with Citi® and are not subject to backup withholding, you can participate in the Welcome Checking Cash Bonus Offer in select markets.

Discover Bank — $150 or $200

Discover Bank is offering a generous $150 or $200 bonus if you open your first Discover Online Savings Account – just open an account and enter the code WH623 when applying.

You must apply by 9/14/2023 to get this offer.

The bonus depends on how much you deposit within 30 days of account open date:

Earn $150 if you deposit at least $15,000
Earn $200 if you deposit at least $25,000

Your bonus will be credited to the account within 60 days of the account qualifying for the bonus.

And the best part about this bonus is that it’s on top of an excellent online savings account. You earn a high rate of interest and there is no minimum opening deposit. There is no maintenance fee, no excessive withdrawal fee, no stop payment order fee, and no insufficient funds fee. Discover charges no fees on this account.

To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code WH623 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 9/14/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice.

(see advertiser website for full details)

Wells Fargo Checking Account — $300

Get a $300 welcome bonus for new Wells Fargo Everyday Checking customers when you meet a few easy requirements:

Open an Everyday Checking account online with a deposit of $25 or more,
Then, receive a total of $1,000 or more in qualifying direct deposits into the new checking account within 90 days from account opening.

The Everyday Checking account has a $10 monthly fee that can be waived if you satisfy one of four conditions. Two of those conditions include maintaining a $500 minimum daily balance or receiving $500 or more in total qualifying direct deposits each period.

Chase Total Checking® — $200

Chase has long been tops in promotional offers and their richest offer accessible to most consumers is the Chase Total Checking account. You haven’t seen high dollar bonuses until you’ve seen a Chase bank promotion! I’ve previously covered it on our Chase promotions page.

To get the $200, open a new account, set up, and set up direct deposit within 90 days. and you’ll be awarded the bonus within 15 business days. You must keep the account open for at least six months or they take back the bonus.

There is a $12 monthly service fee that is waived if you have a monthly direct deposit of $500+ or keep a minimum daily balance of $1,500 or have $5,000+ in any combination of qualifying Chase checking, savings, and other balances.

For this and other Chase bank promo offers, you can open your account online or request a coupon and bring it to a physical location to open your account.Available online nationwide. For branch locations, visit locator.chase.com.

Chase Secure Banking^℠ — $100

Chase Secure Banking will give you $100 when you open an account and satisfy the qualifying activities. Those activities are to complete 10 qualifying transactions within 60 days of enrollment – the activities include debit card purchases, online bill payments, Chase QuickDeposit^SM, Zelle® and ACH credits. Your bonus will appear within 15 days of completing these.

There is no minimum deposit requirement and no direct deposit requirements for this offer but you must keep the account open for at least six months after coupon enrollment or they will deduct the bonus.

There is a $4.95 monthly fee.

Chase Private Client – up to $3,000

Chase Private Client has a bonus of up to $3,000 when you open a new Chase Private Client Checking^SM account with qualifying activities.

The bonus is based on how much you deposit.

Deposit Amount	Bonus Amount
$150,000 – $249,999	$1,000
$250,000 – $499,999	$2,000
$500,000 or more	$3,000

Within 45 days of enrollment, transfer qualifying new money or securities to a combination of eligible checking, savings and/or J.P. Morgan Wealth Management non-retirement accounts. This eexcludes Chase business checking and savings accounts, any J.P. Morgan Self-Directed Investing & Automated Investing, J.P. Morgan Personal Advisors Accounts, J.P. Morgan Wealth Management retirement accounts and CDs.

Your bonus will be determined on day 45. Then, maintain your new money for 90 days from coupon enrollment and it will be added to your account within 40 days.

PNC Bank — up to $400

PNC Bank will give you a up to $400 cash bonus if you open a Virtual Wallet with Performance Select and establish total qualifying direct deposits above a certain limit.

The bonus has three tiers, with each tier has a different required direct deposit (and different account type) but the offer page will have all the details you need.

Open a Virtual Wallet with Performance Spend account and establish total qualifying direct deposits of $2,000+ and get $200.
Open a Virtual Wallet with Performance Select account and establish total qualifying direct deposits of $5,000+ and get $400.

Also, the accounts have different fee structures so double-check what you need to do to avoid those.

Finally, this is available to residents of CA, TX, AZ, NM, CO, PA, FL, OH, WV, DE, NJ, SC, NC, GA, KY, IN, MI, IL, MD, DC, WV, and WI.

SoFi Checking & Savings — up to $250

SoFi has a great promotion where you can get up to $250.

To get that offer, open a SoFi Checking and Savings Account and receive qualifying direct deposits totaling at least $1,000. The amount of your bonus will depend on the total of the direct deposits you receive in the 30-day evaluation window.

You will also earn 4.50% APY (unlocked with direct deposit or by depositing $5,000+ every 30 days, otherwise 1.20% APY) on your savings account and 0.50% APY on your checking account.

Total Qualifying Direct Deposits	Cash Bonus
$1,000 – $4,999	$50
$5,000 or more	$250

Axos Bank Rewards Checking – $300

Axos Bank is running a great promotion where you can get a $300 bonus when you open an Axos Bank Rewards Checking account with the promotion code SUNNYBONUS.

Then, fund your account within 30 days of opening. Then, receive qualifying direct deposits totaling at least $7,000 each calendar month during the first seven calendar months your account is open plus maintain a minimum average daily balance of $15,000. The bonus is paid out $50 a month for each month in which you satisfy the direct deposit and average daily balance conditions.

The account has a $50 minimum opening deposit but the high yield savings account has no minimum balance requirements, pays interest, and there are zero monthly maintenance fees.

PSECU – $300

Pennsylvania State Employees Credit Union (PSECU) has an $300 bonus that has a few requirements, or “levels” to it:

Level 1 – Join PSECU by clicking this link to visit the site and joining them using the promo code LEVELUP. Once you’ve joined, add a free checking account ($5 minimum deposit) with a debit card and log into digital banking within 30 days to get the $100 bonus. Finally, activate your debit card.

Level 2 – Establish one or more qualifying payroll direct deposits that together total $200 per calendar month, all within 90 days of establishing membership.

Level 3 – Maintain the qualifying payroll direct deposit(s) for 90 days after initial deposit.

You can qualify if you attended, work in, or graduated from a partner college in PA or are a state or local government employee. You can also qualify if you have a relative who is already a PSECU member.

Finally, you can always join the Pennsylvania Recreation and Park Society to qualify. If you do that, it costs $20 but PSECU will cover $10 of it.

See terms and conditions at go.psecu.com/levelup. also see below*

Laurel Road – up to $540

Laurel Road is best known for their student loans but did you know they have a bonus on their Laurel Road Loyalty Checking account?

First, you can earn $200 when you open an account and make qualifying ACH direct deposits totaling $2,500 or more within 60 days.

Then, you continue earning a $20 cash reward for every month you make qualifying ACH direct deposits during the first 12 months, and $10 for every month after that for as long as you have the account.

That’s up to $540 in your first year and you continue to get $10/month after that.

Citizens Bank — up to $400

Citizens Bank will give you up to $400 to open a checking account and satisfy a few conditions. This offer is available in Connecticut, Delaware, Florida, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, and Washington D.C..

The deal is a few steps – first, open a new Citizens Bank checking account and you get $300 when you receive a direct deposit of $500 or more within 60 days, get an additional $100 when use your debit card for purchases ($2 for every debit card purchase you make, up to $100, within the next 60 days)..

That’s how you get up to $400.

mph.bank – up to $200

The promotion appears to have ended and they have paused all new account applications – “We are at capacity for processing new applications at this time. Please join our waitlist to get notified when applications are open again.“

mph.bank has a checking promotion where you can get up to $200 if you’re willing to satisfy some easy but long requirements (12 months!).

Open a new mph.bank “spend” account and then:

Get $100 after opening any mph.bank Spend (checking) account AND setting up a monthly Early Pay3 AND maintaining an average balance of $1,000 for 3 consecutive months,
Maintain your direct deposit and the average balance of $1,000** for another nine consecutive months

When you open an account, you pick whether it’s a Friends, First, Fresh or Free account. The Friends account has as $9 per month fee that is waived if you use your mphCard to make purchases at least 15 times a month (Friends account can earn interest and you can refer people). There is also a free account with no fees.

Capital One 360 Checking – $350

Capital One has a $350 bonus for a new Capital One 360 Checking Account that is super easy to get. Just open an account by 10/18/2023 with the promotion code BONUS350.

Then, 2 direct deposits each of $250 or more within 75 days of account opening and you’ll get $350 in your account. That’s it.

Valid for new 360 Checking account customers. If you had a 360 Checking account with Capital One on or after January 1, 2021, you are ineligible.

South State Bank — $200

South State Bank has an offer of $200 and you just have to satisfy one of two conditions with 60 days:

make a minimum of 15 debit card purchases or payments, or,
Have a monthly total of $250 qualifying direct deposit OR preauthorized automatic draft(s) of $25.

You cannot be a current owner or joint owner of a SouthState personal checking account, or have been an owner or joint owner of a SouthState personal checking account in the past 12 months.

You must also be a resident of Alabama, Florida, Georgia, North Carolina, South Carolina, or Virginia.

KeyBank Checking Account — $200

KeyBank runs several promotions but the public one available to all gives you $200 when you open a Key Advantage Checking, Key Privilege Checking, or Key Privilege Select Checking® account with offer code ONAS0723 and make one direct deposit of at least $500 within 90 days.

Keep an eye on the monthly fees and what you need to do to get them waived. They differ based on the type of account and the minimum deposit amount is $50. Full details on the promotion page. Also, if you close your account within 180 days of opening it, they will charge a $25 account early closure fee.

Offer code ONAS0723 and enter your reservation number if prompted.

(Only available in AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, or WA.)

Associated Bank Checking — up to $600

Associated Bank has a promotion associated with their three tiers of checking and savings account – the Associated Access Checking, Associated Balanced Checking, and Associated Choice Checking. Just open an account with the required minimum balance (shown below) and get a bonus based on how much you have in your account after 60 days for a period of 30 days.

For the Associated Access Checking, you need to open it with at least $25.
For the Associated Balanced Checking, you need to open it with at least $100.
For the Associated Choice Checking, you need to open it with at least $100.

Then, after 60 days, get a bonus based on your average daily balance over days 61-90:

For amounts $1,000 to $4,999.99 – you earn $300;
For amounts $5,000 to $9,999.99 – you earn $400;
For amounts over $10,000 – you earn $600;

Check the fees on each of those accounts because they will vary.

You can get an additional $200 when you open a new Associated Relationship Savings account along with the checking account.

Available for residents of IA, IL, IN, KS, MI, MN, MO, OH or WI.

Truist Bank — $300

Truist Bank will give you $300 when you open up a new Truist Bright, Truist Fundamental or Truist Dimension checking account. If you recall, Truist Bank is the new name of the banka fter the SunTrust and BB&T merger.

To get the $300, you must open a new account and then receive two qualifying direct deposits totalling $1,000 or more within 90 days of account opening.

Open to residents of AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC. You cannot have an existing personal checking account with Truist Bank or have closed one on or after 7/26/22

The promotional code for this offer is TRUISTCHKQ223 and you can open it online or in a branch by requesting a coupon.

There is a $50 monthly fee on these accounts but you can get it waived.

Santander Select Checking — up to $500 [EXPIRED]

Santander has a new bank account bonus that residents of the northeast United States may be interested in! Open a Santander Select Checking account with the promotion code that is shown after you enter your email address (you have to enter your first and last name plus an email address, then it shows a unique code).

Then, just satisfy a few conditions to get up to $500 from Santander Bank.

The conditions are easy:

get $300 by having direct deposits totaling $4,000 or more in your account within the first 90 days; get $400 if the total is $6,000 or more; get $500 if the total is at least $8,000 or more;,
keep the account open for at least 90 days,
get paid!

You can’t be a current checking customer of Santander Bank or had a checking account in the last 12 months. There is also a $25 monthly fee that is waived if you have $25,000 in bank deposits and eligible investments held with Santander Investment Services (check the fine print for full details).

Available to residents of NH, MA, RI, CT, DE, NY, NJ, PA, or FL.

Regions Bank — $100 [EXPIRED]

Regions Bank has a promotion for their LifeGreen checking account. You can can get up to $100.

You get $100 when you open a new Regions LifeGreen checking account with the promo code and make $1,000 in total deposits (funds new to Regions) that post to your account within 30 days of account opening. You have 60 days.

Available to residents of AL, AR, FL, GA, IL, IN, IA, KY, LA, MS, MO, NC, SC, TN, and TX. Make sure to read the terms very carefully to ensure you qualify.

M&T Bank Checking — $350

M&T Bank is offering a new account promotion that’s easy to get. Open a new checking account and maintain an average monthly balance of at least $10,000 for the calendar months of September and October 2023. The bonus you get is based on the account type you open. You’ll get the bonus deposited within 90 days of the direct deposit.

This offer isn’t nationwide, go to the promotional webpage and enter your ZIP code to see if you qualify and for what amounts.

M&T Bank has branches in CT, DC, DE, MD, NJ, NY, PA, VA, WV.

Fulton Bank Simply Checking — $200 or 300

Fulton Bank has two promotions, based on the checking account you open.

For $200, open a Simply Checking account and:

Set up a recurring direct deposit totaling $500 or more within 60 days, OR,
Make 15 debit card purchases within 60 days, spending $300 or more in total purchases.

Add a Statement Savings account and deposit $1,000 in new money within 60 days, get an additioanal $50.

The Simply Checking account has no monthly maintenance fees, no minimum balance, no minimum transaction requirements, and the Relationship Rewards Visa® Debit Card has no annual fee. You can open an account with just $25.

For $300, open a Relationship Banking account and, within 60 days, set up a recurring direct deposit totaling at least $1,500. The Relationship Banking account pays interest but has a $20 monthly fee unless you maintain a minimum balance of $5,000 daily or $25,000 in combined deposit and investment balances.

Available to residents of Delaware, Washington D.C., Maryland, New Jersey, Pennsylvania, and Virginia.

FirstBank Bloom — $300

FirstBank, with branches in Colorado, Arizona, and California; is offering a $300 bonus if you open a FirstBank Bloom Package with very simple requirements.

Just open a Bloom package between now and December 31, 2023,
Enroll in online banking,
Have at least one qualifying direct deposit of $500 or more for 3 consecutive months.

You can enroll online or bring it to a branch to open. The direct deposit must be payroll, pension, Social Security or other recurring government benefits and must be a single direct deposit. You must keep the account open for at least 12 months or the bonus “can be revoked.”

Marcus by Goldman Sachs — $100 [EXPIRED]

Marcus by Goldman Sachs is offering a bonus on their online savings account – they will give you $100 when you deposit $10,000 or more in new funds into a new or existing Online Savings Account within 10 days of enrollment.

This can be a new or existing account but the funds have to new to Marcus and then stay there for at least 90 days. If you have an existing account, you must add an additional $10,000 to the current balance at the time of enrollment.

A nice perk is that this account pays interest – 4.15% APY – not fantastic but better than zero!

Columbia Bank Cash Back Checking — $300

Columbia Bank will give you up to a $200 bonus when you open a new Cash Bank Checking checking account and have verified ACH credits totally $1,000+ within 60 days. The bonus will be credited within 60 days after you satisfy the conditions. You can open an account online or open in a branch.

You can get an additional $100 cash credit to your account after you’ve made $10 qualifying transactions (ATM withdrawal do not count) with your Columbia Bank debit card within 60 days.

You can avoid the $9 monthly service fee if you make at least 10 point of sale debit card transactions or maintain at least a $500 daily balance.

Unify Financial Credit Union — $150

Unify Financial Credit Union will give you up to $150 if you open up a qualifying UNIFY Checking Account. It’s a free checking account with no minimum balance fees or a direct deposit requirement. When you join, you also get a complimentary membership to the Surfrider Foundation or Friends of Hobbs. You can apply online but have to meet the membership requirements.

The bonus has several tiers:

Get $50 just for opening a new checking account (excluding Right Start Checking and Right Start Debit)
Get another $50 when you set up a recurring ACH Direct Deposit of at least $500 each month within 60 days
Then, get an additional bonus up to $50 by earning $1 bonus for each debit card transaction that exceeds $5 with your new UNIFY Visa Debit Card within the first 60 days of account opening (maximum bonus of $50).

How do we pick what banks appear in the list? If the bonus is greater than $100 and it’s a reasonably large geographic footprint, we include it on the list. We want to show bonuses that most people can get either by visiting a branch or completing online. We don’t have an interest in a $20 bonus for a small regional bank only a handful of people will be interested in it. Sadly, few credit unions on this list because I haven’t seen any offer bonuses. I’ve also stuck with cash bonuses, rather than other giveaways like tickets because it’s easier to compare and has broader appeal.

The expired list of promotions is there to give you an idea of what was once available. Some banks run promotions all year, rolling over the expiration date every quarter or so. Some banks run them seasonally. I keep the expired list around so you have an idea of what that bank may have offered in the past.

Conclusion

Free money is great but there are some things to pay very close attention to when it comes to bank promotions. First, check out our guide on bank account bonuses. It’ll give you a sense of what you need to do to make sure you get your bonus money.

Also, make sure you find a bank that gives you all the services you need. Bonus money is a nice sweetener but you still need a bank that gives you exactly what you need.

OK go get that bonus money!

PSECU’s $300 Bonus – Details and Conditions

PSECU is currently promoting a membership incentive from 1/1/2023 to 12/31/2023. To potentially receive $300, new joiners should use a promotional code and meet the stipulated criteria. Once these conditions are met, PSECU will credit the member’s account within 45 days. It’s open to U.S. residents aged 18 or older. Be aware of the following key terms:

One bonus per tax ID.
Current members or those who had an account within the last year aren’t eligible.
Any suspicious account activity may lead to bonus adjustments or removals.
A $5 deposit is required for account maintenance.
If you close the account within a year, the $5 deposit is forfeited to PSECU.
The annual yield for PSECU’s share account is 0.50%, variable as of 2/1/23.
Bonuses are taxable, and recipients should consult tax professionals for advice.

Details on bonus distribution:

$100 Checking Bonus: Open savings and checking accounts, get a PSECU debit card, and access digital banking within 30 days.
$100 Direct Deposit Setup Bonus: Fulfill the above and set up qualifying direct deposits totaling $200/month within 90 days.
$100 Direct Deposit Continuation Bonus: Maintain the above deposits for at least 90 days after the first one.

This promotion may change or end without notice. Ensure you’re familiar with all the terms before participating.