There’s a boom of online banking happening right now and it’s never been easier to earn a few hundred dollars in bonuses by simply switching over and making a deposit. Some banks are even offering ten or twenty times the common interest rate for new customers. Best of all, applying takes a couple of minutes and your phone.
How is this possible, you might ask? Well, banks use your money to earn more money. Therefore, they always have some extra cash on hand to share with new customers and invest in promotions. Gradually, the competition that brought you bonuses and deals on bank accounts has moved online. And since banks have reduced overhead costs by having fewer physical locations, employees, and other costs, they can now funnel that money into deals and bonuses for new customers.
Where to Find Checking Account Promotions and Deals
Finding promotions isn’t that hard actually. You can find the best bonuses and deals online. Of course, the bonus amount will vary depending on when you applied and how much money you can deposit. Don’t wait if you’re interested. Here are some of the best deals out there right now:
HSBC: [1]
Customers that haven’t had an account with HSBC since November 2nd, 2017, can open an HSBC Premier Checking Account through the bank’s promotional webpage. To receive the bonus, you have to deposit no less than $100,000 across all your HSBC accounts combined within 30 days after you open your new online account. In addition to that, the money has to stay in your account for 90 days. Once that time frame has passed, you have to wait another 2 months to get a $750 bonus.
Chase: [2]
Chase offers a $200 bonus on a $25 deposit with its Chase Total Checking Account. Besides making a deposit, you also need to get a direct deposit within 60 days and keep the account open for at least 6 months. Once the 6-month period has passed, you will only have to wait 10 business days to get the bonus.
CitiBank: [3]
CitiBank offers three different bonuses based on how much you deposit after opening an account. There’s the option to deposit $5,000, $15,000, or $50,000 and earn $200, $400, or $600 receptively. Customers need to maintain the same account balance for 30 days before getting bonuses. Moreover, there’s an extra $100 available if you get at least one direct deposit for two months straight.
Take Advantage of Checking Account Promotions Today
The three examples outlined above are just a taste of what’s available if you search for promotions and bank bonuses online. Although not everybody has the same success when looking, you can still discover many amazing deals and find a new online banking account that will charge you less in fees and earn you more at the end of the month. After all, everyone can use some extra money, so why miss out on the chance to get some yourself?
[1] https://www.us.hsbc.com/checking-accounts/campaigns/offer-2018/
[2] https://www.nerdwallet.com/blog/banking/chase-signup-bonuses/
[3] https://www.nerdwallet.com/blog/banking/best-bank-bonuses-promotions/#citi