When you open a checking account, your first priority is likely to be establishing an account with the lowest possible fees and minimum balance requirements. However, there are often opportunities to gain additional benefits when opening a new checking account. These may take the form of sign-up bonuses, perks for maintaining a specific monthly balance, or other incentives that can save you money. Checking accounts frequently come with incentives for opening and maintaining the account with a specific bank.
If you’re thinking of switching banks or creating a second or third personal checking account, now is a great time to take advantage of any promotions your current bank may be offering. From introductory bonuses to free gifts like cash or check writing software, there are plenty of great reasons to switch up your bank at this time of year. Here are some great checking account promotions from some popular banks.
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Bank of America: 30 Days of Free Service
One of the best bank promotions is the 30-day free service from Bank of America. If you’re thinking about opening a new checking account, you can open it and use the account for 30 days without paying a monthly fee or maintaining a minimum balance. This promotion is currently being offered on the Premier Checking account, which has a $25 monthly fee and a $100 minimum balance requirement. If you meet the requirement, you can avoid the monthly fee by setting up a recurring direct deposit of at least $250 per month. Plus, you can earn up to $250 when you refer your friends and family to open new Bank of America accounts. You can also earn $10 per month when you maintain at least one direct deposit per month. If you’re not sure which Bank of America account is best for you, check out our comprehensive review.
Chase: New Consumer Checking Account Offer
If you’re looking for an introductory bonus when opening a new checking account, the Chase checking account promotion is a great choice. The Chase checking account is a great option if you don’t currently have a checking account and you’re looking for a no fee account. The account comes with no monthly maintenance fee, no minimum balance requirement, and offers up to $5,000 in overdraft coverage. Plus, you can earn a $150 bonus when you open a new checking account and use direct deposit. The account comes with a $25 monthly service fee, but you’ll get $25 per month for the first year by signing up for paperless statements. This promotion is available for new customers.
Wells Fargo: $200 Checking Promotion
If you’re interested in a checking account promotion that comes with a high bonus and low monthly maintenance fee, check out the Wells Fargo checking promotion. This account offers a $200 bonus when you open a new checking account and set up a qualifying direct deposit. The bonus and the monthly maintenance fee are both $25. This checking account also comes with a free 16-month paperless e-statements subscription, free first order of special checks, free alerts when your balance gets low, and a debit card. This is a great checking account to consider if you’re looking for a no fee, high bonus checking account.
Citi: $150 Welcome Checking Bonus
If you’re looking for an account with a high bonus and low monthly maintenance fee, the Citi checking account promotion is a great choice. This account offers a $150 bonus when you open a new checking account and set up a qualifying direct deposit. The bonus and the monthly maintenance fee are both $25. This account also comes with a free 16-month paperless e-statements subscription, a free first order of special checks, and a debit card. This is a great checking account to consider if you’re looking for a no fee, high bonus checking account.
TD Bank: No Fee Checking Account
If you’re looking for a no fee checking account, the TD Bank checking account promotion is a great choice. This account has no monthly maintenance fee and no minimum balance requirement. The account also comes with free alerts when your balance gets low and a free first order of special checks. This is a great checking account to consider if you’re looking for a no fee checking account.
SUMMARY Checking accounts are a necessary part of life, whether you’re managing your personal finances or running a small business. With so many options available, it can be hard to choose the best account for your needs. If you’re thinking about opening a new checking account, now is a great time to take advantage of any promotions your current bank may be offering. From introductory bonuses to free gifts like cash or check writing software, there are plenty of great reasons to switch up your bank at this time of year.
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