Bank bonuses (also called bank promotions or sign-up bonuses) are one-time cash rewards for opening a new checking or savings account. In 2025, checking account bonuses can range from about $100 to $3,000, depending on the bank and how much you deposit. Savings account bonuses are also available. To qualify, you typically need to set up direct deposit and keep the account open for a set period.
Banks use these promotions to attract new customers. You open a new account through the bank's offer page, meet the requirements (often a minimum direct deposit amount within 60–90 days), and receive the bonus—usually within 30–90 days after qualifying. Requirements and expiration dates vary; always read the full terms before signing up.
Top checking bonuses currently include offers from major and online banks. Amounts and requirements change often; check each bank's official promo page for the latest details.
Savings bonuses reward you for depositing and maintaining a balance. E*TRADE Premium Savings has offered up to $2,000 with tiered deposit amounts. TD Bank and Alliant Credit Union have offered $100–$200 savings bonuses. Compare bonus size, APY, and how long you must keep funds in the account.
Bank bonuses can be worth it if the reward is meaningful and you can meet the requirements without incurring fees or locking away more money than you're comfortable with. Consider monthly fees, minimum balances, and how long the bonus takes to post. Bank bonuses are generally taxable as interest, so you'll receive a 1099-INT for the year you earn them.
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