What Banks Give You Money For Opening A Checking Account?

What banks give you money for opening a checking account? If you're in the market for a new checking account, you may be wondering if there are any banks that offer incentives for opening one.

The answer is yes - many banks offer bonuses, cash rewards, and other incentives for opening a new checking account. Here's what you need to know about what banks give you money for opening a checking account and what can they offer you.

Sign-Up Bonuses

One of the most common incentives offered by banks is a sign-up bonus. Banks will often give you a cash bonus for opening a new checking account and meeting certain requirements, such as making a certain number of transactions within a certain time frame or maintaining a minimum balance.

The amount of the bonus can vary from a few dollars to several hundred dollars, depending on the bank and the specific account.

COPYRIGHT_BP: Published on https://bingepost.com/what-banks-give-you-money-for-opening-a-checking-account/ by Hilda Workman on 2023-02-08T09:34:21.018Z

Referral Bonuses

Another way to earn money from a new checking account is through referral bonuses. Many banks offer bonuses to existing customers who refer new customers to the bank.

If you know someone who is looking for a new checking account, you may be able to earn a cash bonus for referring them to a bank that offers referral bonuses.

Cash Back Rewards

Some banks offer checking accounts that come with cash back rewards on certain purchases, such as gas or groceries. The amount of cash back you can earn varies depending on the bank and the specific account, but it can add up over time and provide a significant bonus on top of your regular earnings.

Interest Rewards

If you're looking for a checking account that will earn you interest, there are some banks that offer interest-bearing checking accounts. These accounts typically offer a lower interest rate than savings accounts, but they still provide a way to earn money on your checking account balance.

Other Perks

In addition to cash rewards and bonuses, some banks offer other perks for opening a new checking account. For example, some banks offer free overdraft protection, free checks, and other benefits that can save you money and make your checking account more convenient and accessible.

When choosing a bank that offers money for opening a checking account, it's important to compare the various incentives and requirements of each bank and choose the one that best meets your needs.

Be sure to read the fine print and understand the requirements for earning the bonus, as well as any fees or restrictions that may apply.

How To Get Money From Opening A Checking Account?

To get money from opening a checking account, you typically have to follow these steps:

• Research: Look for banks that offer cash bonuses for opening a new checking account. Compare the promotions and offers available.
• Eligibility: Check the eligibility requirements, such as minimum deposit, direct deposit, or other conditions, that you need to meet to receive the bonus.
• Open an account: Once you have found a bank with an offer you are interested in, you can proceed to open a checking account online or in person.
• Meet the requirements: Follow the requirements specified by the bank to receive the bonus. This can include making a minimum deposit, setting up direct deposit, using the account for a certain period, and more.
• Receive the bonus: Once you have met the requirements, the bonus will typically be credited to your account within a few weeks or months.

It's important to read the terms and conditions carefully to understand the requirements, time frame, and any associated fees or charges.

Banks That Offer Money For Opening A Checking Account

Here are some banks and financial institutions that offer money for opening a new checking account:

• PNC Bank: PNC Bank offers a cash bonus of up to $300 for opening a new checking account and meeting certain requirements, such as making a qualifying direct deposit within 60 days.
• Fifth Third Bank: Fifth Third Bank offers a cash bonus of $200 for opening a new checking account and meeting certain requirements, such as making a direct deposit of $500 or more within 60 days.
• US Bank: US Bank offers a cash bonus of $300 for opening a new checking account and meeting certain requirements, such as making a direct deposit of $500 or more within 60 days.
• SunTrust Bank: SunTrust Bank offers a cash bonus of up to $200 for opening a new checking account and meeting certain requirements, such as making a direct deposit of $500 or more within 60 days.
• KeyBank: KeyBank offers a cash bonus of up to $300 for opening a new checking account and meeting certain requirements, such as making a direct deposit of $500 or more within 60 days.
• Webster Bank: Webster Bank offers a cash bonus of $200 for opening a new checking account and meeting certain requirements, such as making a direct deposit of $500 or more within 60 days.
• Flagstar Bank: Flagstar Bank offers a cash bonus of up to $250 for opening a new checking account and meeting certain requirements, such as making a direct deposit of $1,000 or more within 60 days.
• Chase Bank: Chase Bank offers a cash bonus of up to $200 for opening a new checking account and meeting certain requirements, such as making a direct deposit within 60 days.
• Capital One 360: Capital One 360 offers a cash bonus of $25 for opening a new checking account and meeting certain requirements, such as making three debit card purchases within the first 45 days.
• TD Bank: TD Bank offers a cash bonus of $150 for opening a new checking account and meeting certain requirements, such as making a direct deposit of $500 or more within 60 days.
• Wells Fargo: Wells Fargo offers a cash bonus of up to $400 for opening a new checking account and meeting certain requirements, such as making a qualifying direct deposit within 150 days.
• BBVA USA: BBVA USA offers a cash bonus of up to $250 for opening a new checking account and meeting certain requirements, such as making a qualifying direct deposit of $1,000 or more within 60 days.
• Ally Bank: Ally Bank offers a cash bonus of up to $200 for opening a new checking account and meeting certain requirements, such as making a qualifying deposit within 60 days.
• Discover Bank: Discover Bank offers a cash bonus of $150 for opening a new checking account and meeting certain requirements, such as making a direct deposit within 60 days.
• HSBC Bank USA: HSBC Bank USA offers a cash bonus of up to $200 for opening a new checking account and meeting certain requirements, such as making a qualifying direct deposit within 60 days.

These are just a few examples of banks and financial institutions that offer money for opening a new checking account. It's important to compare the different options, understand the requirements and restrictions, and choose the bank that best meets your needs and offers the best incentives.

People Also Ask

What Banks Give You Money For Opening A Checking Account?

Many banks offer cash bonuses for opening a new checking account. Some examples include Chase Bank, Capital One 360, and TD Bank.

How Much Money Can You Get For Opening A Checking Account?

The amount of money you can get for opening a checking account varies by bank and promotion. It can range anywhere from $50 to $500.

Do You Have To Keep A Minimum Balance To Receive A Sign-up Bonus From A Bank?

Yes, often banks require you to maintain a minimum balance for a certain period of time to receive the sign-up bonus. The terms and conditions vary by bank and promotion.

Conclusion

Opening a new checking account can be a great way to earn some extra money. By taking advantage of sign-up bonuses, referral bonuses, cash back rewards, interest rewards, and other perks offered by banks, you can turn your checking account into a valuable asset that earns you money and provides you with valuable benefits.

Do your research, compare the different options, and choose the bank that best meets your needs. Also, we've mentioned what banks give you money for opening a checking account, so you can try them.

About The Authors

Hilda Workman - Hilda Workman is a licensed financial advisor with years of expertise in the industry. She has assisted a range of clients, from sole proprietors to large corporations, in reaching their financial objectives. She is informed about many different financial subjects, including tax preparation, investment planning and also in fashion. She believes that the best things are those that are imperfect.