Best Bank Account Bonuses and Promotions of September 2024 (2024)

Chase Bank: Earn up to $900

Chase’s qualification rules depend on which account you open. To earn the biggest bonus available on this list, open a Chase checking account and savings account.

Chase is offering these checking and savings sign-up bonuses** for new customers until Oct.16, 2024.

Chase Checking Account Bonus

Earn a $300 bonus for opening a Chase Total Checking account and setting up a direct deposit for any amount within 90 days.

Chase Savings Account Bonus

Earn $200 for opening a Chase Savings account, funding it with at least $15,000 in new money within 30 days and maintaining that minimum balance for 90 days.

Chase Checking and Savings Account Bonus

Earn an additional $400 if you qualify for both the checking and savings bonuses, bringing your total bonus to $900.

If you meet these requirements, Chase will deposit the bonus within 15 days after the initial 90-day period.

*Waived if requirements for direct deposit or minimum account balances are met
**Waived if requirements for age, minimum account balance or checking account activity are met

Chase’s checking and savings bonuses are competitive with other offers. According to our research, its current offer of up to $900 is a strong bonus that’s higher than normal.

*Data accurate as of Aug. 8, 2024

To get the bank’s full $900 bonus ($200 for savings, $300 for checking and an additional $400 for opening both accounts), you’ll need to open a Chase Total Checking account and a Chase Savings account.

The Chase Savings account bonus requires you to deposit $15,000 in your account and hold it there for 90 days. That means your effective APY would be 5.44% for the $200 savings bonus and 26.25% for the full $900 bonus.

The best high-yield savings accounts typically offer around 4.5% to 5.5% APY. The $200 Chase Savings bonus alone falls within that range, making it a competitive offer, but earning the full $900 bonus beats our top savings offers many times over.

Wells Fargo: Earn up to $825

Like Chase, Wells Fargo has different requirements for its checking and savings bonus offers.

Wells Fargo Checking Account Bonus

Wells Fargo is offering a $300 bonus for new consumer checking customers who:

• Open an Everyday Checking account with a minimum deposit of $25
• Receive a total of $1,000 or more in qualifying electronic deposits within 90 days

All consumer checking accounts are eligible for the bonus except for those from Wells Fargo Private Bank. Once you meet the bonus requirements, the money will be deposited in your account within 30 days. This bonus is available through Sept. 25, 2024.

Wells Fargo Savings Account Bonus

If you have more money to deposit, you may be eligible for Wells Fargo’s $525 bonus for new savings customers. To qualify, you must:

• Open a new consumer savings account with a minimum deposit of $25
• Deposit $25,000 or more in new money within 30 days
• Maintain a $25,000 minimum balance for at least 90 days

All consumer savings accounts are eligible for this bonus except for CDs and savings accounts from Wells Fargo Private Bank. You must open your savings account at a Wells Fargo branch to get this bonus, and the offer expires on Oct. 1, 2024. The bonus will be added to your account within 30 days after you meet all of the requirements.

*Waived if requirements for age, deposits, minimum account balance or linked accounts are met
**Waived if requirements for age, transfers, minimum account balance or linked accounts are met

Wells Fargo’s $525 savings bonus is a stable offer — it’s been available about 95% of days in the past year. The $300 checking bonus is also very stable — there’s been a bonus offer for this amount for 100% of days over the past year. However, Wells Fargo usually offers a $325 checking bonus, too.

*Data accurate as of Aug. 8, 2024

For the $525 savings bonus, you need to deposit $25,000 and maintain that balance for 90 days, making your effective APY 8.67%. The effective APY on this bonus offer is much higher than top savings account rates — which range from 4.5% to 5.5% — so this bonus is worth pursuing.

To earn the $300 checking account bonus, you need to receive $1,000 or more in qualifying electronic deposits within the first 90 days. If you maintain that balance for 90 days, your APY is effectively 185.61%. However, your effective APY could be higher than this example since the checking offer doesn’t require you to hold a certain balance for a specific period of time.

Huntington Bank: Earn up to $600

Huntington Bank is offering bonuses on two of its checking accounts: Huntington Perks Checking and Huntington Platinum Perks Checking.

• Huntington Perks Checking account bonus: You can earn $400 if you set up and receive a qualifying direct deposit of any amount within 90 days of opening a new account.
• Huntington Platinum Perks Checking account bonus: You can earn $600 if you make deposits totaling at least $25,000 within 90 days of opening a new account. Deposits must be new to Huntington.

For both options, you must use the bonus code from the offer page to apply for your account. You must also keep the account open for 90 days. Huntington Bank will deposit the bonus in your account within 14 days once you meet the requirements. These offers end Oct. 7, 2024.

Both of these checking accounts earn interest on all balance tiers.

This offer is only available for residents of the following states:

• Colorado
• Illinois
• Indiana
• Kentucky
• Michigan
• Minnesota
• Ohio
• Pennsylvania
• West Virginia
• Wisconsin

*Waived if deposit or balance requirements are met

While Huntington’s checking bonuses are stable and attractive offers, they’re only available to consumers residing in 10 states. That makes them less valuable than other bonuses on our list, which are generally available nationwide.

*Data accurate as of Aug. 8, 2024

Say you receive a $1,000 direct deposit in a new Perks Checking account. If you maintain that amount for 90 days and qualify for Huntington’s $400 checking bonus, that puts your effective APY at 284.16%.

To earn the higher $600 Platinum Perks Checking bonus, you need to deposit at least $25,000 and keep the account open for at least 90 days. If you maintain this balance for 90 days, your effective APY is 9.95%. The top savings accounts on the market offer about half that amount, making this a valuable bonus that could be worth pursuing.

U.S. Bank: Earn up to $450

You can earn one of the bonuses below when you open a new U.S. Bank Smartly Checking account with a minimum deposit of $25, receive two or more direct deposits and enroll in the U.S. Bank mobile app or online banking within 90 days:

• Earn $250 with direct deposits totaling $2,000 to $4,999.99.
• Earn $350 with direct deposits totaling $5,000 to $7,999.99.
• Earn $450 with direct deposits totaling $8,000 or more.

U.S. Bank has the largest checking bonus available on this list. This bonus is available through Sept.26, 2024. You must enter the code “2024JUL” on your application if you open an account through a page other than the linked offer page.

*Waived if requirements for direct deposit, account balance or credit card are met

According to our research, U.S. Bank’s checking and savings bonuses are strong, higher-than-normal offers.

*Data accurate as of Aug. 8, 2024

The three bonus offers available with a new U.S. Bank Smartly Checking account have different effective APYs. The closer you are to the minimum qualifying direct deposit amount, the higher your effective APY:

• To earn the $250 bonus, you’ll need combined direct deposits of $2,000 to $4,999.99 within the first 90 days. If you maintain $2,000 in direct deposits for 90 days, the effective APY is 60.18%. However, this decreases to 21.55% for $4,999.99 in deposit deposits.
• To earn the $350 bonus, you’ll need a direct deposit total of $5,000 to $7,999.99 within the first 90 days. If you maintain that account balance for 90 days, the effective APY is 31.08% for $5,000 in direct deposits but only 18.68% for $7,999.99 in deposit deposits.
• To earn the $450 bonus, you’ll need direct deposits totaling at least $8,000 within the first 90 days. Your effective APY is 21.55% if you maintain an $8,000 balance for 90 days.

While all three bonuses are worth pursuing based on their effective APYs alone, the best offer is the $250 bonus, which earns the highest effective APY with only $2,000 in direct deposits.

PNC Bank: Earn up to $400

PNC Checking Account Bonus

PNC Bank is offering two checking account bonuses up to $400**for new account holders. However, customers can only take advantage of one of these offers:

• Earn $200 when you open a new Virtual Wallet with Performance Spend account and receive direct deposits of $2,000 or more within the first 60 days.
• Earn $400 when you open a new Virtual Wallet with Performance Select account and receive direct deposits of $5,000 or more within the first 60 days.

Both offers are available through Sept. 3, 2024, and only available in select ZIP codes. If your account remains open and in good standing, PNC will deposit the bonus within 60 to 90 days after requirements are met.

*Waived if requirements for employment, direct deposit or account balances are met

PNC’s bonus offers are stable — the bank has offered bonuses for its Virtual Wallet accounts for 96% of the days in the past year.

*Data accurate as of Aug. 8, 2024

To earn the $200 Virtual Wallet with Performance Spend bonus or the $400 Virtual Wallet with Performance Select bonus, you need at least $2,000 or $5,000 (respectively) in total qualifying direct deposits within 60 days of opening your account.

• If you maintain $2,000 for 60 days to earn the $200 bonus, your effective APY is 77.16%.
• If you maintain $5,000 for 60 days to earn the $400 bonus, your effective APY is 58.69%.

PNC doesn’t require you to maintain a minimum deposit in the account for a certain period of time. That fact and the high effective APYs could make these bonuses worth pursuing.

SoFi: Earn up to $300

Great for High-Yield Checking and Savings Account

SoFi Checking and Savings Bonus

SoFi is offering a sign-up bonus of up to $300** for new SoFi Checking and Savings account holders, as well as existing members who’ve never enrolled in direct deposit. You could receive one of these bonuses:

• Earn $50 with direct deposits totaling $1,000 to $4,999.99.
• Earn $300 for direct deposits totaling $5,000 or more.

All direct deposits must be made within a 25-day period that begins when you receive the first deposit in your SoFi combined checking and savings account.

To earn either account bonus, you must receive qualifying direct deposits by Dec. 31, 2024. You’ll receive your bonus within seven business days after the 25-day period.

SoFi regularly offers a checking and savings bonus, and its current offer is strong in relation to its past offerings, according to our research. The bank has the second-fastest reward timeline out of the banks on our list — this bonus can arrive as soon as 32 days after a qualifying direct deposit is received.

*Data accurate as of Aug. 8, 2024

To earn the full $300 SoFi Checking and Savings bonus, you need at least $5,000 in qualifying direct deposits during the 25-day bonus period. SoFi doesn’t specify whether you need to maintain that deposit amount for the entire 25-day bonus period, but if you do, your effective APY will be 132.2%.

You’ll be eligible for the $50 bonus, however, if you only have $1,000 to $4,999.99 in qualifying direct deposits during the 25-day bonus period. That means your effective APY would be 102.47% for $1,000 in direct deposits and drop to 15.47% for $4,999.99 in direct deposits.

So while SoFi’s $50 bonus doesn’t seem valuable at first glance, it earns a high effective APY the closer you are to the minimum direct deposit amount. If we’re judging by effective APY alone, SoFi’s bonus is still worth pursuing even if you don’t qualify for the full $300 bonus.

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