Which banks offer a checking account bonus?

Banks that offer a checking account bonus to new account holders include Axos Bank, Bank of America, Chase, Citibank, PNC Bank, SoFi Bank, TD Bank, U.S. Bank and Wells Fargo. See this page each month to find the best checking account promotions available. What banks are paying $500 to open an account?

Are bank account bonuses a good deal?

Bank account bonuses are typically available only to new checking or savings account holders. Not every bank account bonus is a good deal. Before signing up, read the fine print and be realistic about your ability to meet the requirements. Watch out for sky-high minimum balance requirements and monthly fees that could eat into your earnings.

Are bank account bonuses free money?

Remember that bank account bonuses are not free money; they’re more like a kind of trade. You’re meeting the bank’s needs by providing a promised amount of cash for some time, and the bank’s thanking you with a bonus. It’s not a handout; it’s a handshake. Additional reporting by John Csiszar and Holly Johnson