Have you heard something about opening a bank account and getting a sign up bonus as a reward? As hard to believe as it might seem, it is true but sorting through the best offers may prove to be a tricky task. While the terms and conditions vary from bank to bank, you may have to set up direct deposit with the bank.

In addition to that, there is a requirement of keeping the checking account open for a certain time.

Some banks may offer softer requirements and terms and conditions than the others. It is recommended to get yourself familiarized with bank charges and any periodic fee, just to be safe. Below we take a look at best checking account options with amazing sign up bonuses.

1. Bank of America[i]

There’s a reason why Bank of America has topped our list of great Checking Account options with great bonuses. Probably the greatest convenience about Bank of America is that it somewhat easy to escape the monthly fee and the interest amount – which is fairly low as compared to its giant competitors. Usually there is a $12 basic account fee and there is a method by which you can avoid that. All you have to do is receive monthly direct deposits worth at least $250. Still too difficult? The other option is to maintain a daily account balance of $1500.

Bank of America is offering a $100 sign up bonus with nationwide availability. All you have to do is open a checking account and follow these two requirements:

  • Within 90 days, you have to get 2 direct deposits worth $250 or more
  • You are a new customer. Means that you will not qualify if you have been a signer or an account holder at Bank of America in the last 6 months

Make sure that you fulfill all the requirements clearly and honestly, in order to qualify.

2. HSBC Choice Checking [ii]

HSBC is offering a $200 deposit for the new Checking Account openers, if they meet the given criteria. It is to be noted that this offer is only available online and can be availed at HSBC official website. Any other sign ups on third party websites will not ensure that you qualify for this website. The deadline to achieve this offer is 28th December, 2018, so keep a check on that as well. The major requirements in order to qualify for this offer are:

  • Make sure that you open a Choice Checking Account at HSBC before December 28, 2018.
  • The minimum qualifying balance requirement is $1500. You have to deposit this sum within 30 days after your account opening date.
  • Maintain the minimum qualifying balance in order to qualify. Remember that investment balances do not qualify as minimum balance. The minimum amount to qualify is $1500.

After you have successfully opened a HSBC Choice Checking Account, you will automatically receive $200 as a welcome deposit. [ii]

3. TD Bank Checking Account [iii]

Every financial goal starts with opening a checking account, right? Well, what if you open a Checking Account and get a hefty bonus as well? TD Bank offers a chance to earn up to $300 when you open a checking account. The terms and conditions for this one are a bit tougher than the previous two. In order to qualify, you will have to bring direct deposits of at least $2500 within 2 months of signing up for a Checking Account.

While it may seem like a difficult choice than the others, it has it perks as well. For example, you skip the $25 fee only if you maintain a daily balance of $2500 or more.

If you feel that bringing $2500 as a direct deposit is too much, then there is a slightly easier option for you. Of course, lower the direct deposit amount, lower the reward, it goes like this. But good news is that you can still earn reward as you bring $500 or more as a direct deposit within 2 months of opening your account. There is a $15 monthly fee attached to this which you can skip by maintaining a daily minimum balance of only $100.

4. Chase Total Checking Account [iiii]

Earn up to $300 as a reward if you have a handsome direct deposit. Chase Total Checking Account is one of the most convening and better paying options if you can bring a good deposit. The requirement for this one is a bit tougher as you have to bring in at least $15,000 or more in new money within 20 working days after opening your saving account. You would also have to maintain that amount for 3 months. If you can fulfill these both, you may be eligible for a $300 reward.

It is as easy as applying directly online to get a code which you can take to your nearest Chase Branch. It is recommended to see which one requires a coupon code for opening requirements. The added perks include easy access to more than 16,000 ATMs nationwide. You have to be 18 years or older, in order to qualify for this promotion.

Using these bank promotions, you can make easy money without having to put in a lot of effort. All you have to do is bring in a little direct deposit, do a bit of research on your own and get instant reward in the form of deposit. Larger the deposit, larger the chances of you getting bigger deposits as reward. Split your deposit into different banks and earn rewards from multiple sources at the same time.

[i] https://www.doctorofcredit.com/bank-america-100-checking-bonus-public-nationwide/

[ii] https://www.us.hsbc.com/checking-accounts/campaigns/choice-offer-2018/


[iiii] https://www.chase.com/personal/checking/chase-checking-coupon