Bank Promotions that Pays to Open an Account: Top 7
New banks aim to rise to a competitive level. This is possible by giving out sign-up rewards or cash to customers that open a bank account, among other bonuses. In this article, I feature the top 7 bank promotions that pay you when you open an account.
7 Bank Promotions that Pays You to Open an Account
These are the bank promotions that give you cash and other rewards to open an account:
1. Fifth Third Bank
When you open a fifth third bank checking account, you will receive a bonus of $250. To qualify for this bonus, you have to reach and maintain a balance of $500 within 45 days of opening your account. Also, the maintenance of the $500 balance should take 60 days. Then, the bank will deposit the bonus into your account within 10 business days of meeting the qualification. This bonus offer is valid for brand new fifth-third bank customers.
2. Wells Fargo
Wells Fargo is one of the bank promotions that pay you as you open an account. If you open a Wells Fargo Everyday Checking account, you could qualify for a $400 bonus. Certain criteria that can allow you to receive Wells Fargo’s bonus include that your account must be open online. Also, you must have a direct deposit of $4,000 or more going into your account. This deposit could include Social Security, payroll deposits, or other government benefit payments. Besides, $25 is enough for you to open a Wells Fargo bank account.
3. TD Bank
With TD Bank, you can get two different bonuses for opening a new checking account. The first bonus is a $300 bonus for a new TD Beyond Checking account. To qualify for this bonus, you need to have $2,500 direct deposits within the first 60 days of opening your account. Also, you will need to pay a monthly fee of $25. But, the fee can be removed if you maintain at least a $2,500 daily balance in your account.
The second is a $150 bonus for opening a TD Bank Convenience Checking account. You will need to have a minimum of $500 direct deposits within the first 60 days of opening your account. Also, you will pay a monthly fee of $15. But, the fee can be put off if you maintain at least $100 a month in your account.
4. Chase Bank
Chase Bank is one of the bank promotions that pay you as you open an account. If you open a new Chase Total Checking account and set up a direct deposit, you can receive a bonus of $300. This account comes with a $12 monthly service fee that could be avoided. You can avoid this monthly fee if you make a direct deposit of $500 or more and keep a minimum daily balance of $1,500 or more. Or, maintain a standard daily balance of $5,000 or more.
You can get a $200 bonus when you open a new Chase Savings account with a deposit of $15,000 and above within 20 business days. Also, you will need to maintain the balance for at least 90 days from the opening of the account. You will be charged a $5 monthly service fee which can be avoided if you maintain at least $300 per day in your account.
So, if you have a Chase Total Checking and Savings account, you can get a $500 bonus.
5. PNC Bank
PNC Bank is also among the popular bank promotions that pay to open an account. You can earn up to $300 for opening a PNC Virtual Wallet. To qualify for this bonus, you will need to have direct deposits of $500, $2,000, and $5,000 for your Virtual Wallet, Performance Spend, and Performance Select respectively. Also, you need to make at least 5 debit card purchases.
6. Santander Bank
For opening a Simply Right Checking account, you can get paid a $225 bonus within 30 days. This is possible if you have a minimum opening deposit of $25 and above, and a direct deposit totaling $1,000 or more within the first 90 days. Besides, there is no minimum balance required to earn the Santander bank bonus.
7. Huntington National Bank
The Huntington National Bank offers two different bonuses for new customers with a Checking account. When you open an Asterisk-Free Checking account, you will earn a $150 cash bonus. Here, there is no minimum balance required and monthly maintenance fees.
On the other hand, if you open a Huntington 5 Interest Checking account, you will earn a $200 cash bonus. Here, a minimum of $5,000 monthly balance is required, and a $5 account fee. To qualify for both bonuses from the Huntington National Bank, you need to have a growing deposit of $1000 within the first 60 days of opening your account. Also, your account has to remain open for at least 90 days.
Frequently Asked Questions
Which Bank Promotions Pays you to Open an Account in 2022?
These are some of the banks that pay you to open an account in 2022:
- Citibank
- Fifth Third Bank
- BMO HarrisSoFi: up to $300.
- TD Bank
- M&T Bank
- Chase Bank
Which Banks Have the Highest New Account Bonus?
Below here are the top bank account promotions for October 2022:
- Citi Priority Account
- Fifth Third Momentum
- Bank of America Advantage Banking
- Chase Total Checking
- Discover Online Savings Account
What Bank Account Gives You Money for Joining?
Citibank: Cash bonuses of $300, $700, or $1,500 for new checking accounts in eligible account packages with an initial minimum deposit of $15,000, $50,000, or $200,000, respectively, and required activities. Cash bonuses of $20 to $2,000 for new savings account with an initial minimum deposit of $10,000 to $1 million.
Conclusion
Several bank promotions can pay you to open an account. Try out any of the top 7 bank upgrades listed above to earn a lot of money. Best wishes as you begin your pursuit!
