The Best Checking Account Promotions to Take Advantage of Right Now

Who doesn’t have big financial goals? We’d all like to save more money, generate more income, and have more financial freedom – and did you know that having the right checking account could help you achieves these goals? Actually, right now is the best time to open up a new checking account as banks want your business.

There are plenty of account promotions to take advantage of right now with special promotions, bonuses, and even offers of free cash. Luckily for you, we’ve helped to narrow down your search. Here are some of the best checking account promotions with the best features, low fees, and amazing rewards.

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$200 Sign Up Bonus When Opening a Chase Total Checking

If you didn’t get a chance to take advantage of Chase Total Checking $200 sign up bonus last year, well now is your chance. Chase will once again continue its popular Total Checking promotion with an additional bonus when opening a Chase Savings account. So customers who are new to Chase will receive $200 when opening a checking account. There are just a few requirements:

1. Open a checking account by July 20, 2022, and;
2. Set up a recurring direct deposit for the checking account.

Chase is one of the leading banks in the United States. As such, you’ll be offered amazing advantages such as free access to features like person-to-person payments, credit score monitoring, and digital access to JP Morgan’s You Invest program using Chase’s app.

One thing to note when opening a Chase Total Checking account is that it will cost $12 a month. However, this fee can be waived if you meet one of the following criteria:

1. Receive at least $500 in direct deposits a month;
2. Have a minimum daily balance of $1,500, and;
3. Paying $25 worth of services or fees to Chase.¹

Earn Up to $1,500 for Opening a Citi Priority Checking Account

Right now is the perfect time to take advantage of a up to $1,500 cash bonus at Citibank when you open a Citi Priority Checking Account. The amount you receive for the cash bonus will depend on the following minimum deposit ranges:

• Deposit $15,000 to $49,999 to receive a $300 cash bonus;
• Deposit $50,000 to $199,999 to receive a $700 cash bonus, and;
• Deposit $200,000 or more to receive a $1,500 cash bonus.

In order to claim this offer, new customers must open a new account online and complete the following qualifying activities after opening the accounts:

1. Deposit the amount of your choosing into the new Citi Priority Checking Account within 20 days of opening.
2. After the first 20 days, maintain the balance for another 60 days.

Once you’ve met all of the requirements, you’ll see your cash bonus deposited into your bank account within 90 days.

Keep in mind that there is a $30 per month fee for opening a Citi Priority Checking Account, but you can get rid of that fee if you maintain a minimum balance of $50,000.²

Receive Up to $300 Bonus With TD Bank

New TD Bank account holders can receive up to $300 when they open a new TD Convenience or Beyond Checking account.

According to TD’s website, here is how the promotion works:

1. Open a new eligible checking account before October 31, 2022, and;
2. Deposit a minimum of $500 into the Convenience Checking account or $2,500 into the Beyond Checking account within 60 days of opening your account.

When you complete the qualifying activities, account holders will receive the bonus — $150 for Convenience Checking account holders and $300 for Beyond Checking account holders — within 140 days. It’s important to know that this offer is only available to new account holders.³

Take Advantage of HSBC Premier Checking Promotion of $500 Cash Back

Here is some great news — HSBC’s checking account promotion has been extended. Now, new account holders have the opportunity to take advantage of the $500 cash bonus when opening a Premier Checking account. Here’s how to qualify for the amazing offer:

1. Open your new HSBC Premier checking account online by June 30, 2022, and;
2. Set up recurring direct deposits totaling at least $10,000, which last for at least three months after opening the account.

New account holders will receive this welcome bonus within eight weeks after completing the above qualifying activities.

To avoid the $50 monthly account fee, account holders must maintain a:

1. Balance of $75,000 in combined U.S. consumer and qualifying commercial U.S. Dollar deposit and investment accounts;
2. Monthly recurring direct deposit totaling at least $5,000 into the account, and;
3. U.S. residential mortgage loan of at least $500,000.⁴

Up to $300 Welcome Bonus When Opening a Checking or Savings Account with SoFi

Right now, anyone who doesn’t have a checking or savings account with SoFi can take advantage of a up to $300 welcome bonus.

To qualify, customers must open either a checking or savings account through SoFi’s website. Once that is done, make sure to set up direct deposit. Once a direct deposit goes through, SoFi will provide the cash bonus. How much you receive will depend on how much you deposit. The bonuses are as follows:

• Deposit $1,000 to $1,999 to receive a $50 cash bonus;
• Deposit $2,000 to $4,999 to receive a $100 cash bonus, and;
• Deposit $5,000 or more to receive a $300 cash bonus.⁵

Act Now: These Checking Account Promotions Won’t Last Long

These are just a fraction of the checking account promotions that are currently available. There are plenty of more offers to choose from — you just have to spend time searching.

Thinking of opening up a checking account today? Get started today. If one of your 2022 goals is to become more financially fit, opening a new checking account can help you get to where you want to be, plus you’ll receive rewards that can save you hundreds of dollars. It’s important to act fast because most of these offers won’t last long.