23 Best Checking and Savings Account Signup Bonuses

Many banks offer limited-time signup bonuses for checking and/or savings accounts. These offers allow you to earn a cash bonus after signing up for an account. Since these bonuses are short-term, if you miss out on a bonus, it’s worthwhile to check back occasionally; banks announce new offers regularly. We contacted major banks across the U.S. to compare the available checking and savings account bonuses.

Best Checking Account Signup Bonuses

What We Recommend

For the largest possible cash bonus, Citibank’s offers range from $200 to $1,500, depending on the amount of your opening deposit and the balance you maintain. (Note that the current offers expire in January of 2021.)

Offers at other banks range from $200 to $400 but require a lesser balance and/or deposit to qualify than Citibank. Consider these offers if you don’t plan to maintain a high balance on the account or can’t make a large deposit right away.

Comparison Table

Use the following table to compare the best signup bonuses available for checking accounts. Note that you can sort the table by any column using the arrow buttons at the top of each column. We gathered this information by speaking with customer service representatives at each bank.

Bank/Account Offer Online or In Person? Qualifications Expiration How to Get the Offer Get the Offer
Citibank Basic $200 Both New account; keep the minimum balance and deposit requirements of $5,000 for 60 days January 5, 2021 Automatic enrollment if you apply online from the bank offers page; the bonus will be credited to your eligible checking account once you've met the bonus criteria Open an account
Citibank Checking Account Package $400 Both New checking and savings accounts (both are required for this offer); keep the minimum balance and deposit requirements of $15,000 in one or both accounts within 30 days for 60 days January 5, 2021 If you apply online from the bank offers page, you are automatically enrolled; your bonus will be credited to your eligible checking account once you've met the bonus criteria Open an account
Citibank Citi Priority Package $700 Both New checking and savings accounts (both are required); the minimum balance and deposit requirements for your account is $50,000 into either account within 30 days for 60 days January 5, 2021 Automatic enrollment if you apply online from the bank offers page; your bonus will be credited to your eligible checking account once you've met the bonus criteria Open an account
Citibank Citigold Package $1,500 Both Enroll in the offer at the time you open both new accounts and keep the minimum balance and deposit requirements of $200,000 into either of your new accounts within 30 days for 60 days January 5, 2021 Apply from the bank offers page online for automatic enrollment; your bonus will be credited to your eligible checking account once you've met the requirements Open an account
Fifth Third Bank Essential, Enhanced, Preferred, Free Checking, or Free Checking plus Extra Time Up to $250 Both New checking account and deposits of $2,000 or more within first 60 days December 31, 2020 Offer code will arrive via email; use offer code online or at a branch; your bonus will be deposited into your account within several weeks of meeting the bonus criteria Open an account
Huntington Asterisk-Free Checking $150 Both A new Asterisk-Free Checking with at least $1,000 in deposits within 60 days; account must be open for 90 days January 7, 2021 Use the online application link or take the online coupon into a branch; your cash bonus will be in your new account about 14 days of meeting the requirements Open an account
Huntington 5 Checking $200 Both A new account with at least $1,000 in deposits within 60 days; account must be open for 90 days January 7, 2021 Use the online link or take the coupon into a branch; your cash bonus will be in your new account about 14 days of meeting the requirements Open an account
PNC Virtual Wallet Performance Select $300 Both Open and use a virtual wallet Performance Select or Spend checking account with at least $5,000 in direct deposits within the first 60 days December 31, 2020 Apply online or print the online coupon if you visit a branch; your bonus will be deposited once you've met the qualifications Open an account
PNC Virtual Wallet Spend $200 Both Open and use a virtual wallet Spend checking account with at least $2,000 in direct deposits within the first 60 days December 31, 2020 Use the online application or print the online coupon to take to a branch; your bonus will be deposited once you've met the qualifications Open an account
PNC Virtual Wallet $50 Both Open and use a virtual wallet checking account with at least $500 in direct deposits within the first 60 days December 31, 2020 Apply online or print the online coupon and take to a branch; your bonus will be deposited once you've met the qualifications Open an account
Regions Bank LifeGreen Checking $400 Bank Branch New mortgage loan and checking account opened up to 180 days before your closing or 60 days after; $500 in direct deposits within 30 days of your account opening or loan closing date (whichever comes last) December 31, 2020 Mention the $400 bonus when you open your account and set up your mortgage loan; once you meet the requirements, you will receive the bonus deposit within 90 days Open an account
Chase Total Checking $200 Both Set up direct deposit for your new checking account within 90 days January 20, 2021 Apply using the link online or print a coupon to use at a branch; once you meet the requirements, you will receive the bonus deposit within several weeks Open an account
Chase College Checking $100 Both Complete 10 qualifying transactions within 60 days (such as debit card purchases and online bill payments) January 1, 2021 Apply using the link online or print a coupon to use at a branch; once you meet the requirements, you will receive the bonus deposit within 10 business days Open an account
SunTrust Essential Checking $200 Both $500 in direct deposits within 90 days of your account opening January 4, 2021 Use offer code Q320ESSENTIAL when you apply for the account online or in person; once you meet the requirements, you will receive the bonus deposit within 4 weeks Open an account
Bank of America Advantage Checking $100 Online 2 direct deposits of at least $250 within the first 90 days December 31, 2020 Use code PSR100CIS ; the bonus will be deposited into your account once you've met the qualifications Open an account

Banks Without Checking Account Bonuses

In the course of our research, we found that the following banks do not offer any signup bonuses for checking accounts at the time of writing:

  • Ally Bank
  • Axos Bank
  • BBVA
  • BMO Harris Bank
  • Capital One
  • First Republic
  • Flagstar Bank
  • M&T Bank
  • Santander Bank
  • TFC Bank
  • USAA Bank
  • U.S. Bank
  • Wells Fargo

Best Savings Account Signup Bonuses

What We Recommend

Savings account signup bonuses are less common than checking account bonuses. Citibank and Chase have savings account promotions at the time of writing. The Citibank bonus offer earns our top recommendation; its minimum offer is higher than Chase’s ($200 compared to $150), and with several different account types available, you have more options regarding your opening deposit amount to receive the bonus.

Comparison Table

We contacted customer service representatives from major U.S. banks to find out more about each bank’s signup bonuses for savings accounts — we detail our findings in the table below. Note that you can sort the table using the arrow buttons at the top of any column.

Bank/Account Offer Online or In Person? Qualifications Expiration How to Get the Offer Get the Offer
Citibank Basic Banking Package, Account Package, Priority, or Gold Account Package $200 to $1,500 Online Open with $5,000 to $200,000 (depending on the account type) and maintain the balance for two months January 5, 2021 Open a Citibank account package (including a checking account and savings account) during the offer period, make a qualifying deposit within the first 30 days, and maintain the required balance for 60 calendar days Open an account
Chase Savings $150 Online Deposit $10,000 within 20 days and maintain that balance for 90 days January 20, 2021 Open a Chase Savings account online during the offer period or request a coupon via email Open an account

Banks Without Savings Account Bonuses

During our research, we discovered that the following banks don’t have savings account bonuses at the time of writing:

  • Ally Bank
  • Axos Bank
  • Bank of America
  • BBVA
  • Capital One
  • Citizens Bank
  • Fifth Third Bank
  • First Republic
  • Flagstar Bank
  • Huntington
  • KeyBank
  • M&T Bank
  • PNC
  • Regions Bank
  • Santander Bank
  • SunTrust
  • TD Bank
  • TFC Bank
  • USAA Bank
  • U.S. Bank
  • Wells Fargo