Banks are literally paying people to open new accounts right now, with some offering hundreds in bonuses just for signing up. Most people stay with the same checking account for nearly two decades, and banks know it—so they’re willing to throw serious cash at you to switch.
If you’re not taking advantage of these deals, you’re leaving money on the table. We’ve done the research and put together a list of the best bank account bonuses available.
Best Promotions for February 2025
Check it out and get paid for something as simple as opening a new account:
Best checking account bonuses
- Chase (Private Client) – $3,000: You need to deposit and keep at least $500,000 in a Chase Private Client account for 90 days. This is for high-net-worth people—if you don’t have half a million sitting around, skip this.
- SoFi – $325: Open a SoFi account, throw in $50 to get an easy $25, then set up direct deposit—$1,000+ gets you $50, but if you deposit $5,000+, you’ll get the full $300, adding up to $325.
- Chase – $300: Open a Chase Total Checking® account and get direct deposits totaling $500+ within 90 days. One of the easier ones.
Best savings account bonuses
- SoFi – $325: This is the same offer as the checking one—it applies to both accounts.
Best business bank account bonuses
- U.S. Bank – $900: Open a business checking account and deposit a certain amount, then keep it there for a set time. Exact requirements vary, so check the promo page.
- Axos – $400: Open an Axos business checking account, meet deposit and transaction requirements, and keep a balance for a specific period.
- Chase – $300: Open a business checking account, deposit $2,000 in the first 30 days, keep it there for 60 days, and make 5 transactions in 90 days to get the bonus. Pretty simple.
Credit card bonuses
- Upgrade Rewards Visa® – $200: Sign up and then within 60 days, open and fund a Rewards Checking Plus account and make 3 debit card purchases. If you do all that, you'll get the bonus as a one-time credit within another 60 days.
- Discover it® Cash Back – $100: Sign up and make a purchase within the first 3 months—boom, $100. Easiest credit card bonus right now.
- The Business Platinum Card from American Express – 120k points: You need to spend $15,000 in the first 3 months—if you don’t have that kind of business spending, skip it.
- American Express Business Gold Card – 70k points: Spend $10,000 in 3 months, and you get 70k points. Again, only worth it if you can hit that spend.
Brokerage bonuses
- Acorns – $20 bonus: Open an Acorns account and set up a recurring investment of only $5 per month—that’s it. One of the best investing apps for hands-off investing.
- Moomoo – 15 free stocks: Open an account, deposit money, and trade, and you’ll get up to 15 free stocks. The number depends on how much you deposit.
- Robinhood – free stock: Free stock Open a Robinhood account and link your bank—they give you one free random stock (usually worth just a few bucks).
Here are some of my favorite bank bonuses for February 2025:
|
Best for checking
|
Best for savings
|
Best for business
|
|
Chase Total Checking® (Nationwide)
|
SoFi Checking & Savings (Nationwide)
|
Chase Business Complete Checking® (Nationwide)
|
|
|
|
- Bonus Offer: $300
- Minimum Deposit: $500
- Direct Deposit: Yes
- Expiration Date: 1/22/25
- Bonus Offer: $325
- Minimum Deposit: $1,000-$5,000
- Direct Deposit: Yes
- Expiration Date: 12/31/25
- Bank Bonus: $300
- Minimum Deposit: $2,000
- Direct Deposit: No
- Expiration Date: 1/16/25
A closer look at the top consumer checking account promotions
Chase Private Client Checking℠: Up to $3,000 bonus
Account type:
Private checking account
About:
Chase Private Client CheckingSM is a premium banking service offered by Chase Bank that provides personalized financial advice, priority service, and exclusive benefits such as fee waivers and higher transaction limits. It is designed for high-net-worth individuals who maintain a substantial balance across their Chase accounts.
How to earn:
Unlock a bonus of up to $3,000 by opening a Chase Private Client Checking℠ account before January 22nd, 2025. To qualify, deposit at least $150,000 from external sources into Chase within 45 days.
Keep in mind that the Chase Private Client Checking℠ account carries a $35 monthly fee, which is waived if you maintain a balance of $150,000 or more in this account or across linked Chase accounts. Additionally, having a linked Chase Platinum business checking account can help avoid this fee.
If you meet these guidelines, you'll receive the following bonus: Deposit $150,000 to $249,999 and receive $1,000; deposit $250,000 to $499,999 and get $2,000; deposit $500,000 or more and secure $3,000.
- $3,000 bonus when you meet deposit requirements
- No fees on wire transfers, ATMs, and select banking services
- Priority service & dedicated banking support
- Exclusive rates & benefits on loans and investments
SoFi Checkings & Savings: Up to $325 bonus
Account type:
Checking account
About:
SoFi is an online financial institution that offers a range of products including loans, investment services, and high-yield savings and checking accounts. Known for its user-friendly mobile app, SoFi provides innovative and accessible banking solutions without traditional branches.
How to earn:
SoFi has a great offer for new and current SoFi Checking & Savings customers to earn up to $325 in bonuses! To qualify, set up a direct deposit before the promotion ends. The bonus is tiered based on your deposit amount:
- $1,000 to $4,999: $50 bonus
- $5,000 or more: $300 bonus
Plus, enjoy up to 4.60% APY, free overdraft coverage, no account fees, and early paydays up to 2 days early.
- No monthly fees, minimum balance requirements, or overdraft fees
- Earn up to 3.80% APY on savings and 0.50% APY on checking
- Get paid up to 2 days early with direct deposit
- Access over 55,000 fee-free ATMs
- Deposits are insured up to $2M
Chase Total Checking®: Up to $300 bonus
Account type:
Checking account
About:
Chase Bank, officially known as JPMorgan Chase Bank, is one of the largest and oldest financial institutions in the United States, offering a wide range of services including checking and savings accounts, credit cards, loans, and investment products. With a vast network of branches and ATMs nationwide, Chase provides convenient and comprehensive banking solutions for individuals and businesses.
How to earn:
You can get a $300 bonus when you open a Chase Total Checking account and set up direct deposits totaling $500 or more within 90 days through a bonus link.
This account comes with a $12 monthly service fee: but it can be avoided with monthly direct deposits totaling $500 or maintain a balance of $1,500 or more in your account.
Securing this bank account bonus is simple. Once you've fulfilled the necessary criteria, your bonus will be credited within 15 business days.
- Access 15,000+ fee-free ATMs and 4,700 branches
- Earn a $300 bonus with qualifying direct deposits
- Easy mobile banking with secure online access
- Free debit card with contactless payments
- Get paid up to 2 days early with direct deposit
Chase Secure Banking℠: $100 Bonus
Account type:
Checking account
About:
Chase Secure Banking℠ is a simple, low-cost checking account with no overdraft fees, designed to help customers manage their finances easily and securely. It offers features like a $4.95 monthly fee, no fees for money orders or cashier's checks, and access to Chase’s extensive branch and ATM network.
How to earn:
Open a Chase Secure Banking℠ account and complete 10 qualifying transactions within 60 days, such as debit card purchases, Zelle®, ACH credits, Chase QuickDeposit, or online bill payments.
The account has a $4.95 monthly fee but comes with no fees for overdrafts, cashier’s checks, or money orders. Once you meet the requirements, you'll receive your $100 bonus within 15 days. This is one of the easiest Chase bank promotions to take advantage of!
- Open easily with no credit check or deposit required
- Access 15,000+ fee-free ATMs
- Earn $100 after 10 transactions in 60 days
- Quick approval for most applicants
- Low $4.95 monthly fee, no overdraft fees
A closer look at the top business checking account bonuses
Chase Business Complete Checking®: $300 Bonus
Account type:
Business checking account
About:
Chase Business is a division of Chase Bank that offers tailored financial products and services for small to large businesses, including business checking accounts, credit cards, loans, and merchant services. With a vast network of branches and online tools, Chase Business provides comprehensive banking solutions to support business growth and management.
How to earn:
This is one of the best business checking promotions from Chase! Open a new Chase Business Complete Banking℠ account, maintain a $2,000 balance for 60 days, and earn $300 in bonus cash.
Additionally, make 5 qualifying transactions within the first 90 days, and ensure your funds are in the account within the first month. You can open the account online or in person by entering your email to receive a promo code. Complete the requirements, and your bonus will be credited within 15 days.
- Access to 4,700+ branches & 16,000+ ATMs
- Unlimited electronic deposits (ACH, mobile deposits, wires)
- Earn up to a $500 bonus
- Syncs with QuickBooks®, Xero, and other accounting tools
- FDIC Insured
A closer look at the top credit card bonuses
Upgrade Cash Rewards Visa®: $200 Bonus
Account type:
Checking account
About: The Upgrade Cash Rewards Visa® is a credit card that offers 1.5% cash back on all purchases, which is credited as you make payments. It combines the flexibility of a credit card with the predictability of a personal loan, featuring no annual fees and low fixed rates. If you want a bank bonus that doesn't require a direct deposit, this is the one. You'll earn a $200 welcome bonus when you apply for an Upgrade Card and then open a new Rewards Checking account.
How to earn: To get this promotion, start by signing up for the Upgrade Card through here, which works like a mix between a credit card and a line of credit. Then, open a free Rewards Checking account and make three transactions with either your Upgrade Card or the new debit card.
This bonus is easy to earn with minimal effort. Although opening a line of credit might involve a hard credit pull, many customers report only experiencing a soft pull. Unlike other offers, this one doesn’t require a direct deposit, minimum balance, or monthly fees, making it a great and legitimate deal.
This hybrid credit card/personal loan product expands your options and offers a lot of flexibility. But if you have at least fair credit, you might qualify for cards with more benefits or loans with better terms.
A closer look at the top brokerage bonuses
Acorns: $20 Bonus
Account type:
Banking and investing account
About:
With Acorns, you can invest at your own pace in smart portfolios and maximize your growth and costs $3 per month. Acorns also provides a checking account that has many of the features of a traditional bank account including, direct deposit, mobile check deposit, a debit card for you or your kids, and fee-free withdrawal from over 55,000 Allpoint ATMs around the world.
How to earn:
Setting up your Acorns account takes less than 3 minutes. After that, set up Recurring Investments and make your first successful investment of at least $5. Once you do, you'll receive a $20 bonus within 10 days of the following month.
- Effortless investing: Acorns rounds up your spare change and invests it automatically—no extra work required
- Big potential growth: Investing $100 a month could grow to over $180,000 in 30 years with a 9% return
- Free money: Sign up, fund your account with $5, and set up recurring investments to get a $20 bonus
Robinhood: Free stock
Account type:
Investment account
About:
Robinhood is a popular online brokerage platform that allows users to trade stocks, ETFs, options, and cryptocurrencies with no commission fees. It is known for its user-friendly mobile app and for making investing accessible to a broader audience, particularly younger investors.
How to earn:
If you join through this link, you’ll earn a specified dollar amount and be able to pick your gift stock from a list of 18 of America’s leading companies. The value of the fractional share may be anywhere between $5.00 and $200 and fluctuates based on market movements.
- User-friendly app that lets you invest in stocks, ETFs, crypto, and more—all commission-free
- Perfect for beginners and casual investors looking to build wealth with ease.
- Key features include fractional shares, instant deposits, and access to a wide range of assets
What Are Bank Account Bonuses
Banking account bonuses vary from one company to the next, but many include some sort of perk for opening up an account. These banks want to earn your business, so they may offer you a cash bonus when you sign up for a new checking account.
Bank promotions are a great way to earn extra money just by having a bank account. Typically you don’t have to jump through a lot of hoops to open a bank account, though you should read the fine print carefully before you sign on the dotted line.
It’s also important to verify your eligibility for a new checking account cash bonus. Most banks will stipulate what you need to do to earn the bonus. However, you can also clarify any concerns or questions you might have with the banker if/when you open a checking account in person.
You can also open a new checking account online and still take advantage of these offers. In fact, some banks may waive any fees associated with opening an account if you sign up through these particular promotions.
Are Bank Bonuses Worth It?
Stretching our dollars further is top of mind for most folks these days. Bank bonuses can be a lucrative way to open a checking account and get rewarded for it, depending on which bank you choose. At the same time, finding these promotions and then figuring out which ones fit your lifestyle can be a difficult task.
Our guide breaks through all the terms and conditions jargon to bring you some of the best bank bonuses and promotions you can take advantage of today. While several of them do have a time limit on them, you should take advantage of these offers sooner rather than later (as long as it makes sense, of course). You can easily earn a few extra dollars to put towards your savings just by signing up for a new checking account.
Bank Bonus Ultimate FAQs
A bank account bonus is an incentive offered by financial institutions, including banks and credit unions, to attract new customers. When you open a new account, such as a personal checking account or savings account, the bank may offer you cash bonuses or other rewards.
Bank account bonuses can be worth it as long as it makes sense for your situation. If you’re looking for a new bank, that’s a great time to take advantage of a welcome bonus. However, you shouldn’t move money around a lot just to earn a few extra hundred dollars.
To qualify for most bank bonuses, you often need to:
1) Open an account, whether it's a personal checking account, savings account, business checking account, or even a money market account.
2) Meet certain requirements like setting up a direct deposit, maintaining a minimum balance, or making a specific number of debit card purchases.
3) Ensure the account stays in good standing, avoiding any negative balance.
Yes, banks frequently offer bonuses for various types of accounts including:
Personal checking accounts
Savings accounts
Business checking accounts
Money market accounts
While many major banks like Bank of America, TD Bank, Citi, SoFi, Capital One, CIT Bank and Chase offer bonuses, especially for new checking account customers or new business checking accounts, not every financial institution does. It's always a good idea to check current bank promotions and terms.
This varies by bank, but typically the bonus will be deposited into your account within days of meeting the qualifying criteria, which might involve direct deposit requirements or a specific number of online bill payments. Some banks might require you to receive qualifying direct deposits within 60 days of account opening.
Yes, bank bonuses are generally considered taxable income. Financial institutions might send you a 1099-INT form reporting the bonus. It's always wise to consult with a tax professional regarding any income-related questions.
Most banks and credit unions offer ways to waive the monthly service fee, often by maintaining a minimum balance, setting up regular direct deposits, or linking to other eligible accounts.
Yes, as long as you meet the criteria for each bank. Just ensure you're not closing and reopening accounts too frequently, as this might impact your credit report or get flagged by ChexSystems.
Absolutely! Online banks, like Discover Online Savings Account, often have competitive promotions. They might have different criteria, such as cumulative new money deposits within a specified period.
The core concept is similar, but the requirements might vary. Business checking bonuses might require larger deposits, specific transaction volumes, or business-related debit card purchases.
Always read the terms and conditions. Ensure you can comfortably meet requirements without incurring unnecessary fees. And don't forget to compare offers from both banks and credit unions promotions to find the one best suited to your financial needs.
Bank Your Bonus to Increase Your Savings
Taking advantage of a bank account bonus can help you earn extra money without having to do much in return. We hope you’ve found this article useful in finding bank account promotions you can profit from just by opening a new account. There’s a lot of money out there for the taking, it just takes knowing where to look.
If you're still looking for more promotions, consider looking at the best app bonuses we've rounded up.
Other Bank Promotions:
- Chase Bank Promotions
- Capital One Promotions
- CIT Bank Promotions
- Bank of America Promotions
- Bank Promotions without Direct Deposit Requirements
- Best Credit Union Bonus Promotions
