Insider logo The word "Insider".
Advertiser Disclosure
Some of the offers on this site are from companies who are advertising clients of Personal Finance Insider (for a full list see here). We may receive compensation when you click on such partner offers. Advertising considerations may impact where offers appear on the site but do not affect any editorial decisions, such as which products we write about and how we evaluate them. Personal Finance Insider researches a wide array of offers when making recommendations; however, we make no warranty that such information represents all available products or offers.

The best bank account bonuses of March 2021

Best Bank Account Bonuses 4x3
Alyssa Powell/Business Insider

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

Choosing a bank is a big decision.

So many bank accounts come with similar interest rates, minimum opening deposits, ATM fees, and monthly charges. When they start to look interchangeable, a cash bonus can be the tipping point.

Below, we've listed the best bank account bonuses for March 2021. The best promotions are for regional and national banks, and many companies offer hefty bonuses if you follow a few guidelines.

Best checking account bonuses of March 2021

Many checking accounts have cash promotions worth noticing right now. The following checking account bonuses are listed from largest to smallest.

Read more about each account below:

APY
None
Min Deposit
$25
Featured Reward
Up to $500 when you set up $500 in direct deposits within 90 days of opening your account
A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
4.25 out of 5 Stars
Editor's Rating
APY
None
Min Deposit
$25
Featured Reward
Up to $500 when you set up $500 in direct deposits within 90 days of opening your account
A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
4.25 out of 5 Stars
Editor's Rating
  • Details
  • Pros & Cons
    • Branch locations in Wisconsin, Illinois, and Minnesota
    • Free ATMs nationwide
    • No monthly maintenance fees
    • At the end of 90 days, Associated Bank will add up your average daily balances between days 61 and 90, and your bonus will depend on the sum of your balances. You'll earn $200 for a sum of $1,000 to $4,999.99; $300 for a sum of $5,000 to $9,999.99; $500 for a sum of $10,000 or more.
    Pros
    • No monthly service fee
    • Overdraft protections
    • Earn higher rates on CDs, savings accounts, and money market accounts when you link to an Associated Access Checking Account
    Cons
    • $25 opening deposit
    • No paper checks
    • $2.50 out-of-network ATM fee

    Bonus amount: Up to $500

    Expiration date: May 31, 2021

    Who qualifies: You must not have opened an Associated Bank account within the last six months.

    What you need to do:

    • Open an Associated Bank checking account by May 31, 2021
    • Receive at least $500 in direct deposits within 90 days of opening the account
    • At the end of 90 days, Associated Bank will add up your average daily balances between days 61 and 90, and your bonus will depend on the sum of your balances. You'll earn $200 for a sum of $1,000 to $4,999.99; $300 for a sum of $5,000 to $9,999.99; $500 for a sum of $10,000 or more.
    • Keep the account open for 12 months. If you close the account before the 12-month mark, Associated Bank will withdraw the bonus amount from your account before closing it.

    When you'll receive the money: You'll get the bonus within 120 days of completing your 90-day qualification period.

    APY
    0.01%
    Min Deposit
    $1
    Featured Reward
    Get up to $600 with a 3% Cash Bonus Checking Offer when you open a new HSBC Premier checking account and complete the qualifying activities (listed below). A tooltip
    Get up to $600 with a 3% Cash Bonus Checking Offer when you open a new HSBC Premier checking account and complete the qualifying activities (listed below).
    Up to $600
    A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
    3.75 out of 5 Stars
    Editor's Rating
    APY
    0.01%
    Min Deposit
    $1
    Featured Reward
    Get up to $600 with a 3% Cash Bonus Checking Offer when you open a new HSBC Premier checking account and complete the qualifying activities (listed below). A tooltip
    Get up to $600 with a 3% Cash Bonus Checking Offer when you open a new HSBC Premier checking account and complete the qualifying activities (listed below).
    Up to $600
    A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
    3.75 out of 5 Stars
    Editor's Rating
  • Details
  • Pros & Cons
    • Get up to $600 with a 3% Cash Bonus Checking Offer when you open a new HSBC Premier checking account and complete the following qualifying activities.
    • Open your new HSBC Premier checking account online by March 31, 2021; and
    • Set up Qualifying Direct Deposits into your new HSBC Premier checking account; and then
    • Enjoy 3% Cash Bonus, up to $600, on Qualifying Direct Deposits up to $100 per month, during the first 6 calendar months after account opening
    • You will automatically receive the 3% Cash Bonus in your new HSBC Premier checking account approximately eight weeks after completing that month's qualifying activities.
    Pros
    • Unlimited out-of-network ATM fee reimbursements
    • No foreign transaction fees
    • Access to a Premier Savings Account
    • Preferential mortgage rates for Premier customers
    • $1 opening deposit, and $5 to earn interest
    Cons
    • $50 monthly maintenance fee if you don't meet qualifications for waiving the fee
    • Low APY
    • Mobile app has poor reviews
    APY
    0.01% APY
    Min Deposit
    $1
    Featured Reward
    $450 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete qualifying activities (listed below). A tooltip
    $450 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete qualifying activities (listed below).
    $450
    A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
    3.75 out of 5 Stars
    Editor's Rating
    APY
    0.01% APY
    Min Deposit
    $1
    Featured Reward
    $450 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete qualifying activities (listed below). A tooltip
    $450 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete qualifying activities (listed below).
    $450
    A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
    3.75 out of 5 Stars
    Editor's Rating
  • Details
  • Pros & Cons
    • Get a $450 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete the following qualifying activities.
    • Open your new HSBC Premier checking account online by March 31, 2021; and
    • Make recurring monthly Qualifying Direct Deposits totaling at least $5,000 from a third party to your HSBC Premier checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening.
    • You will automatically receive the $450 Welcome Deposit in your new HSBC Premier checking account approximately eight weeks after completing all qualifying activities. It's that simple.
    Pros
    • Unlimited out-of-network ATM fee reimbursements
    • No foreign transaction fees
    • Access to a Premier Savings Account
    • Preferential mortgage rates for Premier customers
    • $1 opening deposit, and $5 to earn interest
    Cons
    • $50 monthly maintenance fee if you don't meet qualifications for waiving the fee
    • Low APY
    • Mobile app has poor reviews

    Bonus amount: $450, or 3% cash bonus up to $600

    Expiration date: March 31, 2021

    Who qualifies: You don't qualify for these bonuses if you've had an HSBC bank account or investment account between January 7, 2018, and January 7, 2021.

    What you need to do to earn the $450 bonus: 

    • Open an HSBC Premier Checking by March 31, 2021
    • Set up direct deposits for three consecutive months from the second complete calendar month after opening the account
    • Your direct deposits over the three-month period must total at least $5,000

    What you need to do to earn the 3% cash bonus up to $600:

    • Open an HSBC Premier Checking online by March 31, 2021
    • Set up qualifying direct deposits into your account
    • Earn 3% cash bonus, up to $100 per month, for the first six months after opening your account

    When you'll receive the money: You'll get the $475 around eight weeks after completing the three-month qualification period. You'll get the 3% bonus roughly eight weeks after completing the necessary actions for a month.

    APY
    None
    Min Deposit
    $50
    Featured Reward
    Up to $250 ($25/month for 10 months) with $500 in direct deposits per month, OR 10 point-of-sale transactions per month
    A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
    3.5 out of 5 Stars
    Editor's Rating
    APY
    None
    Min Deposit
    $50
    Featured Reward
    Up to $250 ($25/month for 10 months) with $500 in direct deposits per month, OR 10 point-of-sale transactions per month
    A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
    3.5 out of 5 Stars
    Editor's Rating
  • Details
  • Pros & Cons
    • Earn a sign-up bonus of $25 per month for 10 months (up to $250) when you either make $500 in direct deposits per month, OR 10 point-of-sale transactions per month
    • Online-only account
    • FDIC insured
    Pros
    • Credit score monitoring
    • Up to $15 out-of-network ATM refunds per month
    • No overdraft fee if you overdraw by under $10
    Cons
    • $50 opening deposit
    • $10 monthly service fee
    • No paper checks
    • $35 overdraft fee

    Bonus amount: Up to $250 ($25 per month for up to 10 months)

    Expiration date: Ongoing

    Who qualifies: New personal checking account customers.

    What you need to do:

    When you'll receive the money: You'll receive the $25 for the month at the beginning of your next statement period.

    APY
    0.01%
    Min Deposit
    $1
    Featured Reward
    $200 when you deposit $500 over the first 3 months, or 3% bonus up to $40 per month for the first 6 months if you set up direct deposits (new account must be opened by 9/30/2020)
    A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
    3.75 out of 5 Stars
    Editor's Rating
    APY
    0.01%
    Min Deposit
    $1
    Featured Reward
    $200 when you deposit $500 over the first 3 months, or 3% bonus up to $40 per month for the first 6 months if you set up direct deposits (new account must be opened by 9/30/2020)
    A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
    3.75 out of 5 Stars
    Editor's Rating
  • Details
  • Pros & Cons
    • Get up to $240 with a 3% Cash Bonus Checking Offer when you open a new HSBC Advance checking account and complete the following qualifying activities.
    • Open your new HSBC Advance checking account online by March 31, 2021; and
    • Set up Qualifying Direct Deposits into your new HSBC Advance checking account; and then
    • Enjoy 3% Cash Bonus, up to $240, on Qualifying Direct Deposits up to $40 per month, during the first 6 calendar months after account opening
    • You will automatically receive the 3% Cash Bonus in your new HSBC Advance checking account approximately eight weeks after completing that month's qualifying activities.
    • Get a $200 Welcome Deposit for eligible new customers who open a new HSBC Advance checking account and complete the following qualifying activities.
    • Open your new HSBC Advance checking account online by March 31, 2021; and
    • Make recurring monthly Qualifying Direct Deposits totaling at least $500 from a third party to your HSBC Advance checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening
    • You will automatically receive the $200 Welcome Deposit in your new HSBC Advance checking account approximately eight weeks after completing all qualifying activities. It's that simple.
    Pros
    • 4 out-of-network ATM reimbursements per month
    • Free paper checks
    • $1 opening deposit, $5 to earn interest
    Cons
    • $25 monthly maintenance fee
    • Low APY
    • Mobile app has poor reviews

    Bonus amount: $200, or a 3% cash bonus up to $240

    Expiration date: March 31, 2021

    Who qualifies: You don't qualify for these bonuses if you've had an HSBC bank account or investment account between January 7, 2018, and January 7, 2021.

    What you need to do to earn the $200 bonus: 

    What you need to do to earn the 3% bonus, up to $240:

    • Open an HSBC Advance Checking Account by March 31, 2021
    • Set up eligible direct deposits into your account
    • Earn 3% cash bonus, up to $40 per month, for the first six months after opening your account

    When you'll receive the money: You'll get the $200 around eight weeks of completing the three-month qualification period. You'll receive the 3% bonus roughly eight weeks after finishing the necessary actions for a month.

    APY
    For people who live near a branch, it's — Spend: None. Reserve: 0.01%. Growth: 0.02% to 0.03%. If you don't live in an area with a branch, it's — Spend: None. Reserve: None. Growth: 0.40%
    Min Deposit
    $25
    Featured Reward
    $200 when you receive $2,000 in direct deposits in first 60 days, or $400 when you receive $5,000 in direct deposits in the first 60 days and live in an area with a PNC branch
    A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
    4.25 out of 5 Stars
    Editor's Rating
    APY
    For people who live near a branch, it's — Spend: None. Reserve: 0.01%. Growth: 0.02% to 0.03%. If you don't live in an area with a branch, it's — Spend: None. Reserve: None. Growth: 0.40%
    Min Deposit
    $25
    Featured Reward
    $200 when you receive $2,000 in direct deposits in first 60 days, or $400 when you receive $5,000 in direct deposits in the first 60 days and live in an area with a PNC branch
    A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
    4.25 out of 5 Stars
    Editor's Rating
  • Details
  • Pros & Cons
    • 1 Virtual Wallet is actually 3 accounts: Spend (checking), Reserve (interest checking), and Growth (savings)
    • You can just have Spend, or choose to add Reserve and Growth at no extra cost
    • Earn $200 when you receive $2,000 in direct deposits in first 60 days, or $400 when you receive $5,000 in direct deposits in the first 60 days and live in an area with a PNC branch
    • 2,400 branch locations and 9,000 ATMs
    • FDIC insured
    Pros
    • No minimum opening deposit
    • No monthly service fees
    • Budgeting tool
    • Access to Spend (checking account), Reserve (interest checking account), and Growth (savings account)
    • Earn competitive APY on Growth balance
    • Reimburses up to $5/month in out-of-network ATM fees charged by providers
    • Reserve and Growth funds can act as overdraft protection for the Spend account
    Cons
    • Spend and Reserve balances do not earn interest
    • $3 out-of-network ATM fee
    • Limited customer service hours

    Bonus amount: $200 to $400

    Expiration date: June 30, 2021

    Who qualifies: You qualify if you haven't had a PNC bank account within the last 90 days and haven't received a PNC bonus in the last 12 months.

    What you need to do:

    • Open a PNC Bank Virtual Wallet account by March 30
    • Receive $2,000 in direct deposits within the first 60 days (for $200)
    • Receive $5,000 in direct deposits in the first 60 days and live in an area with a PNC branch (for $400)

    When you'll receive the money: The $200 or $400 will be deposited into your account within 60 to 90 days after you've met all the qualifications.

    APY
    None
    Min Deposit
    $0
    Featured Reward
    $200 bonus when you open a new Chase Total Checking® account and set up direct deposit
    A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
    3.5 out of 5 Stars
    Editor's Rating
    APY
    None
    Min Deposit
    $0
    Featured Reward
    $200 bonus when you open a new Chase Total Checking® account and set up direct deposit
    A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
    3.5 out of 5 Stars
    Editor's Rating
  • Details
  • Pros & Cons
    • Enjoy a $200 bonus when you open a new Chase Total Checking® account and set up direct deposit
    • Access to 16,000 Chase ATMs and more than 4,700 branches
    • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
    • Open your account online now
    • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
    Pros
    • No required opening deposit
    • Over 4,700 branches
    • Cash sign-up bonus
    Cons
    • $12 monthly fee unless you meet direct deposit or minimum balance requirements
    • $2.50 fee for out-of-network ATMs
    • No out-of-network ATM fee reimbursements
    • 3% foreign transaction fee
    • $34 overdraft and non-sufficient funds fees
    Read Our Review Read Our Review A looong arrow, pointing right

    Bonus amount: $200

    Expiration date: April 14, 2021

    Who qualifies: You must not have had a Chase checking account or fiduciary account within the last 90 days, or have closed one with a negative balance. You can also only receive one new checking account bonus every two years.

    What you need to do:

    • Open a Chase Total Checking® account by April 14, 2021
    • Make a direct deposit within 90 days of opening the account
    • Keep the account open for six months, or the $300 will be deducted from your account at closing

    When you'll receive the money: You'll get $300 within 10 business days of making your direct deposit.

    APY
    0.02% APY
    Min Deposit
    None
    Featured Reward
    $200 when you deposit $1,000 in the first 60 days
    A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
    4 out of 5 Stars
    Editor's Rating
    APY
    0.02% APY
    Min Deposit
    None
    Featured Reward
    $200 when you deposit $1,000 in the first 60 days
    A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
    4 out of 5 Stars
    Editor's Rating
  • Details
  • Pros & Cons
    • Receive $200 bonus when you open a new Huntington 5 Checking Account by April 7, 2021, deposit $1,000 in the first 60 days, and keep your account open for at least 90 days
    • Access to over 800 branches and 1,400 ATMs
    • $5 monthly maintenance fee, or $0 when you have $5,000 total in all your Huntington accounts
    • No opening deposit or minimum account balance
    • Earn up to 1.05% cash back on your linked Voice Credit Card® with Rewards
    • Available to residents of Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia
    Pros
    • Earn interest on your money
    • Earn a higher rate on your Huntington savings or money market account when you have a Huntington 5 Checking Account
    • No opening deposit
    • Earn up to 1.05% cash back with a linked Voice Credit Card® with Rewards
    • Waives/reimburses up to 5 out-of-network ATM fees per month
    • Monitor your credit score
    • Open a Premier Savings account with no opening deposit or monthly fee when you have a checking account
    • 24-hour grace period to avoid overdraft fees
    • Enroll in free overdraft protection
    • Online bill pay
    • Email and text alerts about your account
    • Easy-to-use mobile app
    Cons
    • $5 monthly fee if you don't qualify to have it waived
    • $3 out-of-network ATM fee
    • $37.50 overdraft fee

    Bonus amount: $200

    Expiration date: April 7, 2021

    Who qualifies: You must be a new Huntington checking customer who hasn't closed a Huntington checking account in the last 60 days.

    What you need to do:

    • Open a Huntington 5 Checking® Account by April 7, 2021, at a Huntington branch
    • Deposit $1,000 within 60 days of opening the account
    • Keep the account open for 90 days

    When you'll receive the money: You'll get $200 within 14 days of your 90-day qualification period ending.

    APY
    None
    Min Deposit
    None
    Featured Reward
    $150 when you deposit $1,000 in the first 60 days
    A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
    3.75 out of 5 Stars
    Editor's Rating
    APY
    None
    Min Deposit
    None
    Featured Reward
    $150 when you deposit $1,000 in the first 60 days
    A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
    3.75 out of 5 Stars
    Editor's Rating
  • Details
  • Pros & Cons
    • Receive $150 bonus when you open a new Asterisk-Free Checking Account by April 7, 2021, deposit $1,000 in the first 60 days, and keep your account open for at least 90 days
    • Access to over 800 branches and 1,400 ATMs
    • No monthly maintenance fee
    • No opening deposit or minimum account balance
    • Available to residents of Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia
    Pros
    • No monthly service fee
    • No opening deposit
    • Open a Premier Savings account with no opening deposit or monthly fee when you have a checking account
    • 24-hour grace period to avoid overdraft fees
    • Enroll in free overdraft protection
    • Online bill pay
    • Email and text alerts about your account
    • Easy-to-use mobile app
    Cons
    • No interest earned
    • $3 out-of-network ATM fee
    • No out-of-network ATM fee reimbursements
    • $37.50 overdraft fee

    Bonus amount: $150

    Expiration date: April 7, 2021

    Who qualifies: You must be a new Huntington checking customer who hasn't closed a Huntington checking account in the last 60 days.

    What you need to do:

    When you'll receive the money: You'll get $150 within 14 days of your 90-day qualification period ending.

    Bank of America Advantage SafeBalance Banking® Account

    Bonus amount: $100

    Expiration date: June 30, 2021

    Who qualifies: You're eligible as long as you haven't had a Bank of America checking account in the last 6 months.

    What you need to do: 

    • Open a Bank of America Advantage SafeBalance, Plus, or Relationship Banking Checking Account through the bank's promotional page by June 30
    • Receive at least two recurring direct deposits of at least $250 within 90 days of opening the account

    When you'll receive the money: You'll get the $100 within 60 days of finishing the requirements.

    Best savings account bonuses

    Right now, there's only one savings account sign-up bonus available:

    • Chase Savings℠: $150 bonus
    APY
    0.01% effective as of 9/14/2020. Interest rates are variable and subject to change
    Min Deposit
    $0
    Featured Reward
    Enjoy a $150 bonus when you open a new Chase Savings℠ account, deposit a total of $10,000 or more in new money within 20 days & maintain a $10,000 balance for 90 days A tooltip
    Enjoy a $150 bonus when you open a new Chase Savings℠ account, deposit a total of $10,000 or more in new money within 20 days & maintain a $10,000 balance for 90 days
    $150 bonus
    A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
    3.25 out of 5 Stars
    Editor's Rating
    APY
    0.01% effective as of 9/14/2020. Interest rates are variable and subject to change
    Min Deposit
    $0
    Featured Reward
    Enjoy a $150 bonus when you open a new Chase Savings℠ account, deposit a total of $10,000 or more in new money within 20 days & maintain a $10,000 balance for 90 days A tooltip
    Enjoy a $150 bonus when you open a new Chase Savings℠ account, deposit a total of $10,000 or more in new money within 20 days & maintain a $10,000 balance for 90 days
    $150 bonus
    A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
    3.25 out of 5 Stars
    Editor's Rating
  • Details
  • Pros & Cons
    • $150 bonus when you open a new Chase Savings℠ account, deposit a total of $10,000 or more in new money within 20 business days, and maintain a $10,000 balance for 90 days
    • Access to 16,000 Chase ATMs and nearly 4,900 branches
    • Link this account to your Chase checking account for Overdraft Protection.
    • Manage your accounts, deposit checks, transfer money and more -- all from your device.
    • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
    Pros
    • No opening deposit
    • Relatively easy to waive $5 monthly fee
    • Link to a Chase checking account for free overdraft protection
    Cons
    • Low APY
    • $5 monthly service fee

    Bonus amount: $150

    Expiration date: April 14, 2021

    Who qualifies: You can't already have a Chase checking or fiduciary account, and you must not have closed one with a negative balance in the last 90 days.

    What you need to do:

    • Open a Chase Savings account by 04/14/2021
    • Deposit $10,000 within 20 days of opening the account
    • Maintain a balance of at least $10,000 for at least 90 days

    When you'll receive the money: The $150 should hit your savings account within 10 business days after completing the 90-day qualification period.

    Best savings and checking account package bonuses

    Read more about each account below:

    APY
    0.03% APY
    Min Deposit
    None
    Featured Reward
    $700 when you deposit $50,000 in the first 30 days and maintain a $50,000 balance for the first 60 days
    A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
    3.5 out of 5 Stars
    Editor's Rating
    APY
    0.03% APY
    Min Deposit
    None
    Featured Reward
    $700 when you deposit $50,000 in the first 30 days and maintain a $50,000 balance for the first 60 days
    A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
    3.5 out of 5 Stars
    Editor's Rating
  • Details
  • Pros & Cons
    • 700 US branches, 1,800 overseas branches, and 65,000 ATMs
    • Earn $700 bonus when you deposit $50,000 in the first 30 days and maintain a $50,000 balance for the first 60 days
    • Waive $30 monthly fee when you maintain an average monthly balance of $50,000 in all eligible linked accounts
    Pros
    • No opening deposit
    • No out-of-network ATM fees
    • Access to Citibank expert advisers
    Cons
    • $30 monthly service fee
    • Need a high balance to waive monthly fee
    • BBB gives Citi an F in trustworthiness
    Read Our Review Read Our Review A looong arrow, pointing right

    Bonus amount: $700

    Expiration date: April 1, 2021

    Who qualifies: New Citibank customers who have not had a Citibank account in the last 180 days.

    What you need to do:

    • Open an eligible checking account and savings account in the Priority Account Package by April 1, 2021
    • Deposit $50,000 in new funds into your account within the first 30 days
    • Maintain a minimum balance of $50,000 for at least 60 days

    When you'll receive the money: You'll receive $700 within 90 days after your 60-day qualifying period ends.

    APY
    0% - 0.01% APY
    Min Deposit
    None
    Featured Reward
    $300 when you deposit $15,000 in the first 30 days and maintain balance for 60 days
    A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
    3.25 out of 5 Stars
    Editor's Rating
    APY
    0% - 0.01% APY
    Min Deposit
    None
    Featured Reward
    $300 when you deposit $15,000 in the first 30 days and maintain balance for 60 days
    A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
    3.25 out of 5 Stars
    Editor's Rating
  • Details
  • Pros & Cons
    • 700 US branches, 1,800 branches overseas, and 65,000 ATMs
    • Earn $300 bonus when you deposit $15,000 in the first 30 days and maintain balance for 60 days
    • Waive $25 monthly fee when you maintain a total of $10,000 average monthly balance in all Citi accounts
    Pros
    • Earn interest when you link to a savings account
    • No opening deposit
    Cons
    • $25 monthly service fee
    • $2.50 out-of-network ATM fee
    • BBB gives Citi an F in trustworthiness
    Read Our Review Read Our Review A looong arrow, pointing right

    Bonus amount: $300

    Expiration date: April 1, 2021

    Who qualifies: New Citibank customers who have not had a Citibank account in the last 180 days.

    What you need to do:

    • Open an eligible checking account and savings account in the Account Package by April 1, 2021
    • Deposit $15,000 in new funds into your account within the first 30 days
    • Maintain a minimum balance of $15,000 for at least 60 days

    When you'll receive the money: You'll receive $400 within 90 days after your 60-day qualifying period ends.

    Frequently asked questions

    Is opening a bank account for the bonus worth it?

    In short — it depends.

    Depending on your balance, a cash bonus could end up earning you more money than a high APY would. However, make sure you won't pay fees that will cancel out the amount you earn as a bonus. For example, if you earn a sign-up bonus but have to pay a monthly fee and are regularly penalized for overdrawing, opening a bank account for the bonus may not be worth it.

    Why do banks have sign-up bonuses?

    Banks offer bonuses to draw in new customers and to set themselves apart from competing banks that may offer similar interest rates, monthly fees, or opening deposit requirements.

    Can I receive more than one bank account bonus?

    You typically can't receive more than one bank account bonus with the same bank within a certain amount of time — usually between a few months and a couple years. But if you have the funds, you may be able to receive one bank account bonus from multiple banks.

    Do I have to pay taxes on bank account bonuses?

    Yes, you do have to pay taxes on your bonus. When you file taxes for the year, you'll report the sign-up bonus as income and pay income tax accordingly.

    Get the latest Bank of America stock price here.

    Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. What you decide to do with your money is up to you. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.

    Was this article helpful for you?

    Yes
    No
    Additional comments
    Email (optional)
    Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.