Banking isn’t always fun. When you are setting up for your future or investing, you can receive dollar rewards for your time and effort. With that said, it is important to know how you can best set up your account in the for the best possible cash reward. It’s best to search for the the banks that give cash bonuses when simply setting up an account. Banks change their qualifications from time to time so it is best to do a web search to find the most up to date options.
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Rewards for New Bank Account
The Banks That Give You Bonuses For Setting Up
There are a couple of banks that will give you bonuses for setting up.
Citibank
For Citibank, the sign-up bonus reaches up to $1,500. The rules are simple for you to get the bonus. Open an account in Citibank and deposit funds in the bank within 20 days after the opening of the bank account. The balance on the 20th day determines your bonus amount. For example, if you deposit up to $49,999 you can have a bonus of $300 and it will continue to go back.
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HSBC Bank USA
HSBC Bank USA also offers a bonus of $450 or up to $600 bonus. For HSBC, the bonus depends primarily on the kind of checking account and the monthly direct deposit that you put in. The account should have direct deposits of at least $5,000 for three consecutive calendar months in order to qualify.
TD Bank
There is also the TD Bank where one can receive a $150 or $300 bonus. The bonuses depend on a couple of factors such as:
Open a Beyond Checking account online.
- The account holder should have never had a TD Bank personal checking account; and
- There should be at least $2,500 worth of direct deposit funds within 60 days of opening the account.
There are also other banks that one can choose from such as the Chase Bank which offers a $225 bonus or $100 bonus for college students; there is also the PNC Bank which offers up to a $300 bonus; and Capital One which offers a $150 bonus.
M&T Bank
If there is an M&T Bank near you, you can also take advantage of their offer. If you open an M&T personal checking account and deposit at least $500 into the account, you will get $250 as your bonus. Keep in mind that the deposit must be done at least 90 days from the opening of the account in order for you to get the bonus.
Chase Bank
Chase Bank is also offering a bonus for new accounts. The account holder can earn up to $225 as their bonus if they open a new Total Checking account and have a direct deposit of up to $500 within the first 90 days.
However, to qualify for the bonus, the individual account holder must not have an existing Chase account. A college student may also get a bonus of $100 by simply opening a college checking account.
Bank of America
The Bank of America also offers a $100 bonus for individuals who open an account online by the end of 2021. By using the offer code of DDX100CIS, individuals can get the bonus as long as they qualify within the following parameters:
- The account holder must not have an existing Bank of America personal checking account;
- The account opened falls within the following account types: Advantage SafeBalance Banking, Advantage Plus Banking or Advantage Relationship Banking account online; and
- They have a qualifying direct deposit of least $250 each within 90 days of your account opening.
How Many Accounts Should You Have?
Some people say that you should have as many accounts as possible. There should be an account for your disposable income, an account for your savings, an account for your retirement, and an account for your investments. With that in mind, if you are to learn about some of the choices that you have in terms of the banks that give you bonuses for setting up an account, then you could have one on each bank available to you. It should be fairly easy to set up the accounts after all.
Prepare for your future
At the end of the day, it is important that we prepare for our future. A future that you can be proud of and that you have worked on today. Whichever bank you choose and whatever bonus you want to have, it is important to always choose one that will work with you for the long term. A bank you can trust and with a good name is always very important.
When searching for rewards for setting up an account, they can be in flux, so it is best to do a web search in order to find the latest up to date banks that give a bonus when setting up an account.
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1 Find Banks That Give Bonuses -
2 Find Banks that Give rewards for New Account -
3 New Checking Account Bonuses -
4 Rewards for New Bank Account
Sources:
https://www.bankrate.com/banking/best-bank-account-bonuses/#bank-bonus-1
https://www.nerdwallet.com/article/banking/best-bank-bonuses-promotions
https://www.businessinsider.com/personal-finance/best-bank-account-bonuses