Making Bank On Your Banking

While opening a new credit card will pretty much always affect your credit score, opening a new bank account typically does not. Similar to credit card offers, many banks offer bonuses for signing up. If you have enough extra cash to deposit into a new account to take advantage of these offers, it is a simple way to grab some extra cash. Again – with “extra” cash we recommend you use it to 1) pay off debt, 2) put it in savings or invest, 3) use it to neutralize extra expenses (like holiday shopping).

Here are some bank account offers worth exploring, in order by how much $$ you have to deposit:

 

Discover Cashback Checking – Up to $120 Bonus discover bank

Existing Discover credit card holders who open a new Cashback Checking account can earn up to as $120 each year. You must have a Discover Credit credit card, then open the checking account with at least $25. With this account, you earn ten cents in rewards every time you write a check, pay a bill online, or make a debit card purchase. You receive this reward on up to 100 transactions per month. This account makes sense if you will actively use the account, as it will earn you money year after year.

U.S. Bank – Up to $100 Bonus us bank

Open a new Silver Checking Package Account at U.S. Bank along with a Package Money Market Savings Account, then enroll in START Smart within 90 days. You must make at least one qualifying transfer (through START Smart) from your checking account to your money market account. Once you have an account balance of $500 in your money market account, you’ll become eligible for a $50 bonus. You’ll also receive 1% cash back on grocery and gas transactions on your debit card (up to $50) during the first year of enrollment. You have to keep your accounts open for at least 1 year to receive your bonus. There’s a $25 minimum opening deposit required for both accounts.

TD Bank Convenience CheckingSM – $150 Cash Bonus TD Bank

You can apply online for a new TD Bank Convenience account . You’ll get a $150 cash bonus once you receive direct deposits of more than $500 within 60 days. To qualify for this offer, you must apply for the offer online. The Premier checking account typically includes a $15 monthly maintenance fee, but it’s waived if you keep a daily balance of at least $100. Check out the TD Bank Premier Checking offer further below for a bigger bonus if you can afford to deposit more money.

This offer is available to residents of the following states: CT, DE, DC, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT, VA.

Capital One 360 – Up to $400 Cash Bonus Capital one

Open a new Capital One 360 checking account with at least $1,000. Your $200 bonus will be deposited in 6-8 weeks after your $1,000 deposit. Open a 360 money market account with at least $10,000 and receive an additional $200. It will also be deposited in 6-8 weeks after meeting the requirements.

 

HSBC – $200, $350, or $750 Cash Bonus HSBC

This offer from HSBC Bank is tiered, depending on what account you open (and how much you can afford to deposit.) Bonus payments should be deposited within 8 weeks after you meet the 90 day requirements.

  • Open a new Choice Checking account and maintain a minimum balance of $1,500 through personal deposits or direct deposits for 90 days to receive $200.
  • Open a new Advance Checking account and maintain a balance of at least $10,000 for 90 days to receive $350.
  • Open a new Premier Checking account and maintain a minimum balance of $100,000 for 90 days to receive $750.

Wells Fargo – $200 Cash Bonus Wells Fargo

Open a new Wells Fargo Everyday Checking account , deposit $25, then receive direct deposits of at least $500 into your acount for 3 consecutive months, within the first 150 days. Your $200 cash bonus will then be added to your account within 45 days of meeting the requirements.

TD Bank Premier CheckingSM – $300 Cash Bonus TD Bank

Apply online for a new TD Bank Premier account and get a $300 cash bonus once you receive direct deposits into your account of more than $2,500 within 60 days. To qualify for this offer, you must apply for the offer online. The Premier checking account typically includes a $25 monthly maintenance fee, but it’s waived if you keep a daily balance of at least $2,500. – We recommend depositing the $2,500 all at once to avoid the fees.

This offer is available to residents of the following states: CT, DE, DC, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT, VA.

 

** Remember to make sure that you check to see if there is a minimum balance or transfer requirement so that you do not get charged any fees. 

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