They say you don’t get something for nothing in life, but that’s not always completely true when it comes to bank account sign up bonuses. Frequently, to get this something, all you have to do is open a new account and jump through some minimal hoops. In order to get the highest payouts, you may have to put up a larger sum of money, or keep it in the account for a longer period of time. Here’s a round-up of some of the most recent bank account sign-up bonus offers to see if one of them is right for you.
PNC: Earn $200
PNC’s Virtual Wallet Checking Pro account has zero fees and does not require an opening deposit. There is a network of 18,000 ATM’s cross country where you can access your account fee-free. If you opt for the Savings+Checking option, you can earn .50% APY on your money, which is actually quite good in the current environment, even though it seems like a pittance. You earn the $200 when you establish a direct deposit totalling $2,000 or more.
Huntington Bank: Earn $200 or $150
Huntington Bank has a fairly simple bonus offer, for two different kinds of checking accounts. You can receive $150 or $200 for opening an Asterisk-Free Checking account or Huntington 5 Checking account, respectively. You must open the account and make deposits of new money to the bank totaling $1,000 or greater within 60 days of opening. You must also keep the account open for 90 days. Once you have met the requirements, you will receive the bonus within 14 days to your account.
Associated Bank: Earn $500
Associated Bank has bonuses up to $500 for opening a new account. You will need direct deposits of only $500 or more within 90 days of opening your account, making this offer substantially more aggressive than some similar others. You can collect your bonus after 120 days. For an average daily balance of over $10,000 for days 61-90 of account ownership, you will receive the $500; if your balance is between $5,000 and $10,000 you will receive $300, and for $1,000 to $5,000, you will receive a $200 bonus. Associated participates in a network of surcharge-free ATM’s, and they have convenient mobile banking apps for your use.
Citi: Earn $700 or $300
Citi has some impressive bonus offers of either $700 or $300 depending how much new money you deposit to an account. The $300 bonus requires opening a savings and checking account combo, and within 30 days, depositing at least $15,000 and keeping that money there for at least 60 days. The $700 offer is the same as the $300 offer, except instead of $15,000 you must deposit $50,000.
Aspiration: Earn $100 or $150
Aspiration is a bit different than other banks. Their “Spend & Save” account couples a bank account with a cash-back debit card, a 1.00% APY savings account, and an app that tracks your spending. The $100 or $150 bonus comes for spending at least $1,000 with the debit card within 60 days of opening, and depends on which type of account you open. You must also deposit at least ten dollars into your account. Despite the low bonus amount, the APY on the savings account is quite attractive given current low interest rates, so be sure to check this out out.
In Conclusion
With a little bit of elbow grease and some searching around for the best bonus offers, you can start to rack up hundreds of dollars in benefits. Be sure to investigate if the financial institution also has sign-up offers for credit cards when you are going through the new account process.