No bank wants your business as badly as the bank that doesn’t have it. In fact, they are often willing to pay you to become a customer. If you are looking for a new bank, check out these bank promotions.

For any adult looking to take charge of their personal finances, owning both a savings and checking account is essential. Of course, there’s the basic reason that you need an account for depositing checks and paying bills. But, also, these accounts show banks how reliable you are when you fill out credit applications. The one question every single loan application has is “Do you own a savings account, checking account, or both?”

Unfortunately, over the last 10 years, owning these accounts has become more expensive. Banks have been kind enough to pass their additional fees along to you. If you’re not careful, you could be losing $100 to $300 a year simply for the privilege of owning a checking or savings account. Lucky for you, there are ways to avoid these fees. Perhaps even luckier for you, some banks are willing to pay up to $500 simply to get your business.

Below is a list of the best online savings and checking promos and bonuses we could find. They include a variety of big banks and one smaller bank, so nearly all of offers you see below are nationwide. All fifty states are eligible for each offer (sans Huntington Bank), and the more money you have to deposit, the more money you’re likely to earn in the form of a cash bonus.

Keep an eye out for the requirements to avoid the monthly maintenance fees, and feel free to contact us if you think you’ve found an offer as good as or better than the ones below.

Best Checking Accounts

Best For	Bank
Best Fee Free Account	Huntington Asterisk-Free Checking
Best Bonus	HSBC Premier Checking
Best Interest Rate	SoFi Checking and Savings
Best Perks (free checks, etc.)	Chase Sapphire Checking
Best Overall	Citibank Account Package

Best Savings Accounts

Best For	Bank
Best Fee Free Account	CIT Savings Builder
Best Bonus	Citibank Priority Account Package
Best Interest Rate	Citi Accelerate Savings
Best Perks (free checks, etc.)	Ally Bank Online Savings
Best Overall	SoFi Checking and Savings

Best Checking Accounts Promotions and Deals

1. Chase Total Checking® – $200 Cash Bonus

You can earn a $200 bonus with a Chase Total Checking® account. To receive the $200 checking bonus:

1. Open a new Chase Total Checking account, which is subject to approval.
2. Have your direct deposit made to this account within 60 days of account opening. Minimums to avoid monthly service charges are much lower than average with this account.

Learn More 2. Chase Total Checking® + Chase Savings^SM – Up to a $350 Cash Bonus

If you are looking for both a checking and savings account, you can combine the above $200 cash bonus with a $150 deal on a Chase savings account. The terms of the $200 checking are the same as above. As for the savings account, you can earn a $150 bonus when you open a Chase Savings^SM account, deposit a total of $10,000 or more in new money within 20 business days, and maintain a $10,000 balance for 90 days.

Learn More 3. Chase Sapphire^SM Checking – 60,000 Ultimate Rewards Points Bonus

A new product from Chase, the Chase Sapphire^SM Checking Account offers the largest bonus on our list.  60,000 Ultimate Rewards Points can be worth up to $900 in Travel expenses.  To earn the bonus, you need to satisfy these four things:

1. Have an active Chase Freedom or Chase Sapphire Card in good standing
2. Open an account with the coupon code you are emailed by 08.06.2019
3. Within 45 days, transfer at least $75,000 in new money (not previously in Chase checking or savings account) to your Chase Sapphire^SM Checking account
4. Maintain your balance for 90 days

Some of the cool benefits of the Chase Sapphire^SM Checking account include no ATM fees and commission free trading when made You Invest by J.P. Morgan.  So long as you keep $75,000 or more in your account, there is no monthly service fee.  Otherwise the monthly fee is $25.

Learn More 4. HSBC Advance Checking – $350 Welcome Deposit

HSBC is offering a welcome deposit of $350 for new Advance account holders that meet a couple of simple criteria:

• Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities.
• Open your new HSBC Advance checking account online by July 31, 2019; and
• Deposit a minimum Qualifying Balance of $5,000 or more in New Money in combined checking and savings accounts within 30 calendar days of account opening, maintain at least the minimum Qualifying Balance for 90 calendar days from the date you deposited the minimum Qualifying Balance; and
• Set-up recurring Direct Deposits from a third party to an HSBC Advance checking account at least one per calendar month for 3 consecutive months following account opening month
• You will automatically receive the $350 Welcome Deposit in your new HSBC Advance checking account approximately eight weeks after completing all qualifying activities. It’s that simple.

There is a $25 monthly maintenance fee on the HSBC Advance Checking Account that is waived so long as you maintain the $10,000 minimum balance requirement.  You can also avoid this fee with a $5,000 minimum balance requirement with recurring direct deposits.

The information, including rates and fees, presented in the review is accurate as of the date of the review. Please refer to issuer website and application for the most current information.  Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.

Learn More

5. HSBC Premier Checking – $750 Welcome Deposit

If finding a way to deposit $10,000 in new money is a bit much for you, then you’re gonna love this one. HSBC has another bonus opportunity with a MUCH larger initial deposit.  Qualifying for the HSBC Premier bonus takes the following:

• Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities.
• Open your new HSBC Premier Checking account online by July 31, 2019; and
• Make recurring Direct Deposits totaling at least $5,000 from a third party to your HSBC Premier checking account(s) per calendar month; and
• Receive monthly Direct Deposits totaling at least $5,000 into your checking account for 3 consecutive months from the first full calendar month after account opening
• You will automatically receive the $750 Welcome Deposit in your new HSBC Premier checking account approximately eight weeks after completing all qualifying activities. It’s that simple.

There is a $50 monthly maintenance fee on the HSBC Premier Checking Account that is waived so long as you maintain the $75,000 minimum balance requirement.  Easy Peezy!  LOL.

The information, including rates and fees, presented in the review is accurate as of the date of the review. Please refer to issuer website and application for the most current information.  Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.

Learn More

6. Citibank Account Package – $400 + $100 Cash Bonus

The very first checking account I opened after graduating college was with Citi. Partly because they had a great online bonus, and mostly because their branch was half a block from my apartment! Citi is currently offering a $500 bonus on their checking account package if you meet the following criteria:

• Open a new Citibank Account Package by 6.30.2019.
• Within 30 days of account opening, make a qualifying deposit of $15,000 or more of non-Citi funds into the new account, and maintain this deposit as your daily balance for a period of 60 days.
• Make one qualifying direct deposit each month for the first two months after opening the account to receive the additional $100 bonus!

The $25 monthly service fee for this account is waived for average daily balances of $10,000 more more. Any non-Citi ATM fees you incur while owning this account are waived so long as you meet that average daily balance above.

7. Citi Basic Banking Package – $200 Cash Bonus

For customers with a little bit less saved up, Citi offers a Basic Banking Package bonus of $200. To receive the bonus, you must meet all conditions below:

• Open an a Citi Basic Banking Package before on or before 6.30.2019.
• Within 30 days of opening the account, make a deposit of $5,000 or more. This amount must stay in your account for the first 60 days. And you must maintain the $5,000 minimum daily balance during that period.
• That’s it!

There is a $12 monthly service fee associated with the Citi Basic Banking Package, but it can be waived. To do that, you must maintain a $1,500 monthly balance (combined) in eligible linked Citi deposit, retirement, and investment accounts.  OR, just make a single direct deposit AND bill pay transaction each month.

8.  Huntington 5 Checking – $200 Cash Bonus

Perhaps the easiest bonus to acquire on our entire list, the Huntington 5 Checking account has two simple requirements (and a geographic restriction) to meet in order to cash in on a $200 bonus.

1. Click a button above to open a Huntington 5 Checking account or to bring your code to a branch by August 30, 2019.
2. Make cumulative deposits of at least $1,000 within 60 days of account opening and keep your account open for at least 90 days.
3. This offer is only available to applicants residing in Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania or West Virginia.

If you can satisfy all three requirements, the $200 bonus is yours.  The Huntington 5 Checking account does have a $5 monthly maintenance fee, but that fee is waived if you keep $5,000 in total relationship balances.

Learn More

9.  Huntington Asterisk-Free Checking – $150 Cash Bonus

Just like the account above, Huntington has another hassle-free account bonus that is identical (in requirements).  Follow these easy two steps + location requirement and $150 will be yours in short order.

1. Click a button above to open a Huntington 5 Checking account or to bring your code to a branch by August 30, 2019.
2. Make cumulative deposits of at least $1,000 within 60 days of account opening and keep your account open for at least 90 days.
3. This offer is only available to applicants residing in Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania or West Virginia.

Unlike the Huntington 5 Checking account, the Asterisk-Free Checking account has no monthly maintenance fee, no deposit requirements and no balance requirements.  So if you don’t mind sacrificing a small portion of the bonus ($200 above vs. $150 here), you’ll never have to worry about the pesky $5 fee.

Learn More

10. Bank of America Checking – $100 Cash Bonus

Bank of America is offering a $100 cash bonus to new customers who open an eligible online checking account. Both the Bank of America Core Checking and Bank of America Interest Checking qualify for the $100 bonus. Terms of the bonus are as follows:

• Open a checking account through the link above before December 31st, 2019.
• Set up at least two qualifying direct deposits of $250 or more within the first 90 days of opening your account.

The caveat here is that Bank of America will charge a $12 monthly fee on the Core Checking and $25 monthly fee on the Interest Checking. You can offset these fees through a variety of ways for the Core Checking product (see below). For the interest checking account, the only way to have the fee waived is to maintain a combined balance of $10,000 or more through a variety of BOA products. To have the Core Checking fee waived, you must meet one of these requirements:

1. Be a student under the age of 24;
2. Have a preferred rewards account;
3. Maintain a minimum daily balance of $1,500 or more; or,
4. Have at least one qualifying $250 recurring direct deposit.

11. Sun Trust Signature Advantage – $250 Cash Bonus

Sun Trust offers one of the best cash bonuses available to new account holders, and their requirements aren’t all that cumbersome.  Four simple rules must be followed in order to receive the $250 bonus, followed by a geographical restriction.

1. Open a new account online with promo code before March 31st, 2019
2. Make at least a $100 opening deposit within 14 days
3. Complete at least $3,000 in direct deposits within 60 days of account opening
4. Make at least 10 debit card purchases within 60 days of account opening

The checking account must be opened online with, and the client must have, an address in the following states: Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, or the District of Columbia.

The $250 bonus will be credited to your account within 8 weeks of these two requirements being met.  You cannot receive this bonus offer if you have a current checking account with SunTrust or have close one inside of the last six months.  This account does have a $20 monthly fee, however that can be waived by maintaining a total balance with SunTrust of $10,000 or making $3,000 in direct deposits each month.

12. Wells Fargo Everyday Checking – $400 Cash Bonus

You can earn a $400 bonus by opening a Wells Fargo Everyday Checking Account. To qualify for the bonus, you’ll need to meet the following requirements:

1. Open the account from the bonus offer webpage, or bring a bonus offer code to a participating Wells Fargo branch.
2. Make a deposit of at least $25 into the account.
3. Within 150 days opening the account, receive a cumulative monthly total of $3,000 or more in qualifying direct deposits each month for three consecutive months.
4. You must open and fund your account no later than November 27, 2019.

Upon completion of the above four steps, the $400 bonus will be deposited into your account within 45 days. You will not be eligible for this offer if you already have a Wells Fargo consumer checking account, you are a Wells Fargo team member, or if you have received a bonus for opening a Wells Fargo consumer checking account within the past 12 months.

Wells Fargo Everyday Checking has a $10 monthly service fee that can be waived for any of the following:

• You maintain a minimum daily account balance of $1,500.
• Have $500 or more in total qualifying direct deposits.
• Have 10 or more posted debit card transactions from the account during each fee period. This includes debit card purchases using PIN, signature, online, phone, and digital wallet.
• You have a link to Wells Fargo Campus ATM or Campus Debit Card.
• The primary account owner is 17 to 24 years old.

13. Fifth Third Bank checking account – $250 Cash Bonus

The Fifth Third Bank cash bonus offer applies to several different checking accounts. To qualify, you’ll need to do the following:

Go to the Fifth Third Bank checking account bonus webpage, enter your email address, receive a coupon, then redeem it at a Fifth Third Bank branch.

Open any of the following checking accounts: Essential, Enhanced, Preferred, Free (GA and select markets in IN or KY) or Free Checking plus Extra Time (Florida only).

Reach a $500 balance within 45 days opening the account.

Maintain a $500 minimum daily balance thereafter for 60 days.

Open your account by June 30, 2019.

Fifth Third Bank Essential Checking offers mobile banking, mobile deposits, unlimited check writing, online bill pay instant alerts, fast and secure person-to-person payments with Zelle, and access to more than 50,000 fee-free partner ATMs nationwide. The account has an $11 per month service charge, which can be waived for any of the following:

• Maintain a combined monthly average balance of $1,500 across your deposit and investment accounts.
• Spend at least $500 per month on a Fifth Third credit card.
• Have an outstanding balance with a Fifth Third personal mortgage, auto loan or line of credit.

The service fee can also be reduced to $8 per month with monthly direct deposits of at least $500. Other Fifth Third checking accounts have their own service fee charges and waivers.

14. Santander Bank Simply Right Checking – $225 Cash Bonus

This is one of the easier checking account bonuses to qualify for. All you need to do are the following three steps:

1. Open an account by June 30, 2019 with the promotion code SDB225G192.
2. Have direct deposits totaling $1,000 or more posted to the account within the first 90 days, starting the first business day after opening the account.
3. Keep your account open for at least 90 days, and open at the time of the bonus payment.

Upon meeting these three conditions, and once your account has been open for at least 90 days, the bonus will be paid within 30 days. You must be at least 18 years old, not a current Santander Bank checking account holder within the last 12 months, and the offer cannot be combined with any other bonus.

Apart from the cash bonus qualification requirements, Santander Bank Simply Right Checking requires a minimum opening deposit of just $25. There is no minimum balance requirement thereafter, and you’ll have access to fee-free ATM transactions at more than 2,000 ATMs, including more than 1,000 located in CVS pharmacies.

The account does have a $10 monthly service fee, but it can be waived with just one transaction per month. That can be either a deposit, withdrawal, transfer, or payment.

Best Savings Accounts Promotions and Deals

Deal of the Day: CIT Bank is offering a fantastic 2.30% APY on their Savings Builder Account. There are no monthly maintenance fees and the minimum deposit to open is $100. FDIC Insured.

1. CIT Bank Savings Builder – 2.30% APY

CIT Bank Savings Builder is a pure savings account that pays a current annual percentage yield of 2.30%. And there are no account opening fees or maintenance fees.

To qualify for the advertised rate, you must either maintain a minimum balance of $25,000, or make monthly deposits of $100, beginning with a minimum $100 opening deposit. If you have less than $25,000, and don’t make monthly deposits, the annual percentage yield drops to 1.26%.

Unfortunately, CIT Bank does not offer a checking account. You are limited to no more than six transactions per statement cycle, however you may deposit checks into your Savings Builder account remotely, as well as make transfers with the CIT Bank mobile app.

Learn More

2. SoFi Checking and Savings – 2.25% APY

No upfront bonus here but SoFi, a new player in the space does just about everything else to attract your business.  Their SoFi Money account acts as both a checking and savings account and requires no minimum deposit, and no minimum balance to secure a terrific 2.25% APY.

What really sells this account is that it charges no fees.  You read that correctly; there are no fees to open, own, or maintain the account AND SoFi will reimburse you for ATM withdrawals every single time.  This account is FDIC insured for up to a staggering $1.5MM per deposited, six times the normal rate of FDIC insurance.

3. Aspiration Spend and Save – 2.00% APY + Cash Back + $100 Cash Bonus

Aspiration has just launched a brand new Spend and Save account that offers up to a 2.00% APY as well as 0.5% cash back on every purchase w/ the chance to earn more.

The Aspiration Spend & Save Account is a cash management account offered by Aspiration Financial, LLC, an SEC registered broker dealer, not a chartered bank.

New customers can earn a $100 cash bonus by following a few simple criteria.  All actions must be completed between 07.01.2019 and 07.31.2019

1. Open and fund an Aspiration Spend and Save account with a deposit of $10 or more.
2. Make one electronic direct deposit of your paycheck, pension or government benefits.
3. Allow until 10.18.2019 for Aspiration to credit you with the $100 bonus.  Your account must be in good standing on this date to be considered for the $100 bonus.
4. This offer may be modified or withdrawn at any time without notice.

To earn the 2.00% APY in the Save account, you need to either make at least a $1 deposit each month OR have a single end of day balance of $10,000.  All purchases using the Spend account will earn 0.5% cash back and you can earn another 0.5% cash back when you spend on businesses that Aspiration has identified as good to their employees and the environment.

Aspiration offers unlimited ATM fee reimbursements, so you’ll never be charged an ATM fee, worldwide.  They also offer up to $600 in cell phone protection ($25 deductible) if you use your Aspiration Spend account to pay for your phone bill.  Last but certainly not least, Aspiration allows you to set the monthly fee for using the Spend and Save to whatever you want, including zero.  Aspiration Financial, LLC. and its affiliates are committed to “All Extra Services Provided at Cost,” meaning that we’ll only charge you what it costs us to provide the extra service (such as a wire transfer), and not a penny more.

The Aspiration Spend & Save Account is a cash management account offered by Aspiration Financial, LLC, an SEC registered broker dealer, not a chartered bank.

Learn More

4. Citi Accelerate Savings – 2.36% APY

Citi Accelerate Savings is currently paying an annual percentage yield of 2.36%, and requires no minimum opening deposit.

There is a monthly service fee of $4.50, which can be waived if you maintain a minimum $500 average monthly balance for the calendar month. Unfortunately, the account does not come with check writing privileges. There is also a fee of $2.50 for non-Citibank ATM transactions.

There is a $10 monthly service charge if you link the savings account with a Citi checking account. However, that can be waived if you either make one qualifying direct deposit or one qualifying bill payment per statement period, or if you maintain a $1,500 minimum combined average monthly balance in all linked accounts.

5. Citibank Priority Account Package – $600 bonus

Citibank Priority Account Package is offering a bonus of $600 when you do the following:

• Open a new eligible checking and savings account by September 30, 2019
• Deposit at least $50,000 in new funds between the two accounts within 30 days of opening the accounts
• Maintain a minimum balance of $50,000 between the two accounts for six consecutive calendar days

The $600 bonus will be paid after all three above criteria are met, and deposited into your account within 90 calendar days.

Citi offers access to more than 60,000 ATMs across the country, the largest free ATM network among major U.S. banks. There is a $30 monthly service fee for the checking account which is waived with a combined monthly balance of $50,000 or more.

6. Synchrony Bank High Yield Savings – 2.15% APY

Synchrony Bank High Yield Savings is paying a current annual percentage yield of 2.15%. The account requires no minimum balance, and there are no monthly service fees. However, if your account is left with a $0 balance for more than 60 days, it may be closed.

There is an optional ATM card available with the account, enabling you to get cash and perform basic transactions both in the U.S. and internationally. However, there is no check writing ability. In fact, Synchrony Bank doesn’t offer checking accounts, providing strictly high-yield savings instruments, including money markets and certificates of deposit.

7. Ally Bank Online Savings Account – 2.10% APY

Ally Bank Savings Account is currently paying an annual percentage yield of 2.10% on all balance tiers. There is no minimum balance requirement, and no monthly maintenance fee. In fact, they don’t charge for standard or expedited ACH transfers, domestic and international incoming wires, or cashier’s checks. They also charge below the industry standard for overdrafts, returned items, excess transactions, and outgoing domestic wire fees.

As is typical of savings accounts, you’re limited to no more than six transactions per statement cycle. However, you can accept mobile deposits through Ally eCheck Deposit. But you can also open an Ally Bank Interest Checking Account. It currently pays 0.60% APY on minimum daily balances over $15,000, and 0.10% APY on balances below. This account also has no monthly maintenance fees.

And one of the advantages you have with Ally is that you can also invest through Ally Invest. That includes taking advantage of professional portfolio management through Ally Invest Managed Portfolios.

Related: Best Online Savings Accounts for Kids

Final Thoughts on the Best Checking and Savings Account Promotions, Deals and Offers

There are all types of checking and savings accounts available. You’ll certainly want to go with the one that will work best for your personal situation. But if you’re shopping for a new account, you’ll want to favor those that pay generous account opening bonuses, like those listed in this guide. And since each account has a certain minimum time limit to qualify, you can simply wait until it expires, then apply for a cash bonus at a different bank.

It’s a way to earn a few hundred dollars extra each year.

Topics: Banking

The post The Best Checking and Savings Account Promotions, Deals and Offers | July 2019 appeared first on The Dough Roller.

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