The Top Bank Promotions That Will Get You Free Money

The Best New Bank Account Sign Up Bonuses

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Stacy Fisher is the former freebies writer for The Balance. She has over 18 years experience in teaching and writing about personal finance.
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Stacy Fisher
Updated November 20, 2019

Bank promotions are offered by banks as an incentive to get you to sign up for their checking or savings accounts and try out their services such as direct deposit or automatic bill pay.

These bank promotions will pay you cash, gift cards, or give you gifts as a way to get you to sign up for their services. It's their hope that you'll sign up for these services and then like them enough to keep using them.

This is a great way to get free money or gifts but these banks don't make it easy. You'll have to spend some time taking the steps necessary to get your bonuses or cash back.

Tip: Be sure to read all of the fine print before signing up for these bank promotions so you know the terms and restrictions before signing up for an account. The descriptions below only serve as a summary of each bank promotion and may change without notice.

Chase $250 Bonus for Opening a Checking and Savings Account

The Chase bank logo.
Chase

You can choose to get $150 when you open a Chase Total Checking account with direct deposit, $100 when you open a new Chase Saving account, or $250 for both.

With the savings account you'll need to deposit a total of $10,000 or more within 10 business days and maintain that balance for 90 days.

This offer expires July 18, 2016.

U.S. Bank $100 Bonus for Opening a Checking and Monkey Market Account

Bank Promotions
© US Bank

You can get up to a $100 bonus from U.S. Bank by opening up both a checking and money market savings account.

A minimum deposit of $25 is required when opening the checking account and a minimum of $25 is required when opening the money market savings account.

You'll need to schedule and maintain a qualifying reoccurring transfer from your checking account to your savings account.

When your savings balance reaches $500, U.S. Bank will deposit $50 into your account and also give you a $50 debit card for gas and groceries.

This bank promotion is ongoing.

Discover $135 in Rewards for Opening an NBA Checking Account

The Discover logo.
Discover

Open an NBA checking account at Discover and you'll get $100 NBAStore.com gift card, $15 Amazon gift card, and $10 iTunes gift card.

A $25 minimum opening deposit is required.

Citizens Bank $1,000 Bonus for Opening a College Savings Account

Citizens Bank logo
Citizens Bank

Open a Citizens Bank CollegeSaver Savings Account for your child's college and you'll get a $1,000 bonus plus interest added to your account after your child turns 18.

To get your bonus, you'll need to open the account before your child's 6th birthday and make net deposits of $25 minimum each month or before the 12th birthday with net deposits of $50 per month.

There's a minimum opening balance of $25 for children under 6 or $500 for children between 6 and 12.

This bank promotion is ongoing.

SunTrust $100-$200 Checking Accounting Bonus With New Account

The SunTrust logo.
SunTrust

You can earn a $200 bonus from SunTrust bank when you open a new Selecting Checking account. This requires a $100 deposit within 14 days of opening and $2,000 in additional direct deposits within the first 60 days.

Alternatively, you can get a bonus of $100 when you open a SunTrust Essential Checking account. You'll need to deposit at least $100 in the first 14 days and make $500 or more in direct deposits within the first 60 days.

This offer expires July 31, 2016.