Looking to earn some extra cash but aren’t interested in the work that comes with it? Consider opening a new bank account and score anywhere from hundreds to thousands of dollars with little-to-no effort on your part. Many attractive offers exist, providing a great opportunity to effortlessly increase your income.
1. Chase Bank Total Checking and Savings – Up to $900
Chase Bank frequently runs promotions for new customers, offering bonuses that can reach up to $1,000. To qualify, you typically need to open a new checking account and set up direct deposits. For example, when you open a Chase Total Checking® account, you may earn a $300 bonus after receiving direct deposits totaling $500 or more within the first 60 days.
Additionally, you can score $900 when you open a new Chase Total Checking account and new Chase Savings account with qualifying activities.
2. SoFi Checking and Savings – Up to $300 Bonus
SoFi is another strong contender in the bonus program arena, offering a bonus that can range from $50 to $300. To qualify, you need to set up a direct deposit of at least $1,000. The amount you receive depends on the total direct deposit amount, making it a flexible option for many.
3. Wells Fargo Everyday Checking – $325 Bonus
Wells Fargo is offering a $325 bonus for new Everyday Checking account holders. To qualify, you’ll need to make $1,000 in qualifying direct deposits within 90 days of opening your account. This offer is a great opportunity to take advantage of if you’re considering switching banks.
4. Axos Bank Rewards Checking – $500 Bonus
Axos Bank provides an impressive opportunity to earn up to $500. To qualify, you must set up direct deposits of at least $1,500 per month and maintain an average balance of $3,000 for five months. This offer rewards those who can maintain a higher balance, making it suitable for more financially stable individuals.
5. HSBC Elite Credit Card – $2,000 in Annual Benefits
While not a bank account bonus, the HSBC Elite credit card is worth mentioning. To be eligible, you must have an HSBC Premier Checking Account and meet specific spending thresholds on the card. By linking your checking account, you can access enhanced rewards such as higher cash back on eligible purchases, fee waivers, and exclusive offers. By doing so, you can access $2,900 worth of benefits in your first year and $2,000 in benefits each year after.
Tips for Maximizing Your Bonuses
- Read the Fine Print: Ensure you understand the requirements for each bonus, including the time frame and deposit amounts.
- Plan Your Deposits: Timing your direct deposits can help you meet requirements more easily.
- Consider Fees: Some accounts may have monthly fees, which can eat into your bonus if you don’t meet minimum balance requirements.
Bank account bonus programs can provide an excellent opportunity to boost your savings simply by switching banks or opening a new account. With bonuses reaching up to $2,000, it’s worth researching various offerings and seeing which ones fit your financial situation best. Always verify the current promotions directly with the banks to ensure you get the latest information and maximize your earnings.