Best Bank Bonuses and Promotions Right Now: July 2020 Offers and Earnings

These bank bonus offers will give you the most bang for your buck.

Advertiser Disclosure: At Slickdeals, we work hard to help you find the best deals. To do this, some of the products featured here are from our partners, who may provide us with compensation. However, this doesn’t influence our opinions. Our views are our own.

Opening a checking, savings or money market account is a good move when it comes to your financial stability. Having somewhere safe to store your money and potentially earn interest on the account balance is one of the first steps in setting yourself up for financial success.

But why open an account when you get nothing in return? After all, banks should be competing for your business. As a result, there are lots of big bank bonus offers for people who are willing to try a new financial institution.

Best Bank Bonuses and Promotions (July 2020)

Account Bank Name Bonus Offer Minimum Deposit Direct Deposit Required Expires
Checking TD Bank Beyond Checking $300 n/a Yes n/a
Checking TD Bank Convenience Checking $150 n/a Yes n/a
Checking Chase Chase Total Checking $200 n/a Yes 7/20/20
Checking Chase Chase Premier Plus Checking $300 n/a Yes 7/20/20
Checking Chase Chase Total Business Checking $300 $1,000 Yes 10/9/20
Checking Citizens Bank Citizens Bank Checking $300 – $600 $500 Yes 10/1/20
Checking HSBC Premier Checking 3% cash bonus, up to $600 or $450 welcome deposit n/a Yes 9/30/20
Checking HSBC Advance Checking 3% cash bonus, up to $240 or $200 welcome deposit n/a Yes 9/30/20
Checking Associated Bank Associated Choice Checking $400 $100, and sign up for Associated Relationship Savings with a minimum deposit of $25,000 n/a n/a
Checking Citibank Citi Priority Account Package $700 $50,000 n/a 1/05/21
Checking Wells Fargo Everyday Checking $400 $25 Yes 7/31/20
Checking SunTrust Bank Advantage Checking $400 $100 Yes 9/30/20
Checking SunTrust Bank Essential Checking $200 $100 Yes 9/30/20
Checking BMO Harris Bank Personal Checking $100 $25 Yes n/a
Checking Bank of America Advantage Banking $100 $25 or $100 depending on account Yes 12/31/20
Checking PNC Bank Business Checking $200 n/a n/a 9/30/20
Checking PNC Bank Analysis Business Checking $500 $100 n/a 9/30/20
Checking Huntington Bank Asterik-Free Checking $150 n/a n/a 10/7/20
Checking Huntington Bank Huntington 5 Checking $200 n/a n/a 10/7/20
Checking Stanford Federal Credit Union Checking Account $100 $5 Yes n/a
Securities Aspiration Aspiration Spend & Save Account $100 n/a n/a n/a
Savings Regions Bank LifeGreen® Savings $100 n/a Yes n/a
Savings Bask Bank Bask Savings Account 25,000 AAdvantage® bonus miles n/a n/a 9/30/20
Savings BMO Harris Bank Statement Savings $50 $25 Yes n/a
Savings BMO Harris Bank Health Savings Account $50 n/a – also need to sign up for personal checking n/a n/a
Savings Citizens Bank Citizens Bank Savings $300 – $600 $15,000 n/a 10/1/20
Savings Citizens Bank  CollegeSaver $1,000 + interest $25 if your child is under age 6 or $500 if your child is age 6-11 n/a n/a
Savings Discover Online Savings Account $150 or $200 n/a n/a n/a
Money Market OneWest Bank Premium Money Market Account $300 $10,000 n/a n/a
Money Market Stanford Federal Credit Union Money Market Account $200 $25,000 n/a n/a

*These offers are updated periodically and are accurate as of July 13, 2020.

With the following bonus offers that are available right now, you can set up your account and give it an initial boost in the process.

TD Bank Beyond Checking Bonus: $300

td bank screenshot

Visit TD Bank

 TD Bank is offering a deal for new customers that doesn’t expire. You’ll get a bonus offer of $300 when you make the required $2,500 direct deposit. You’ll have to make that direct deposit of at least $2,5000 within 60 days of opening your account. The qualifying deposit types include recurring electronic deposits of your paycheck, government benefits like Social Security from your employer or the government or your pension.

With a TD Bank Beyond Checking account, you’ll pay a $25 monthly maintenance fee unless you set up $500 in monthly direct deposits, have a minimum $2,500 daily balance or have a combined $25,000 balance across eligible TD accounts. You can earn interest at tiered interest rates, get overdraft protection, receive free checks and bank statements and be eligible for rate discounts on home equity or personal loans.

You can set up your account on TD Bank’s website and then check your account 24-7 by logging into the website or using the mobile app.

TD Bank Convenience Checking Bonus: $150

td bank screenshot

Visit TD Bank

TD Bank’s offering another deal for customers that doesn’t expire: You can get a bonus of $150 when you receive direct deposits of $500+ within 60 days of opening your new account. Again, like with Beyond Checking, qualifying deposit types include recurring electronic deposits of your paycheck, government benefits like Social Security from your employer or the government or your pension.

The monthly maintenance fee is $15, unless you maintain a minimum daily balance of $100 or you’re 17 to 23 years old. This account does not earn interest, but online statements are free. You’ll get discounts on your first order of select styles of checks, overdraft protection and rate discounts on home equity or personal loans.

You can set up your account on TD Bank’s website and use the mobile app or website to check your account 24 hours a day, seven days a week.

Chase Premier Plus Checking Bonus: $300

chase bank checking account screenshot

Visit Chase Bank

Chase is also offering a $300 bonus if you sign up for the Chase Premier Plus Checking account by 7/20/20. There is no minimum deposit required; all you have to do is open your account and set up direct deposit and make your first deposit within 90 days. You’ll then receive $300 in your account within 10 business days. The direct deposit must be an electronic deposit of your paycheck, government benefits like Social Security or a pension from your employer or the government.

There is a $25 monthly service fee unless you do one of the following each monthly statement period: maintain an average beginning day balance of $15,000+ in combination of your account and linked qualifying Chase checking, savings and other balances or link a qualifying Chase first mortgage and enroll in automatic payments from your Chase account.

You will earn interest on this account, and you won’t get charged fees for Chase design checks when you order them through Chase or your first four non-Chase ATM transactions per statement period.

You can set up your account on Chase’s website and access it online on their website or 24/7 through the Chase Mobile app.

Chase Total Checking Bonus: $200

chase bank checking account screenshot

Visit Chase Bank

Chase is featuring a valuable offer if you sign up for a Chase Total Checking account by 7/20/20. You will get $200 as long as you make a deposit through direct deposit. The direct deposit must be made to your account within 90 days of opening it, and it needs to be an electronic deposit of your paycheck, government benefits like Social Security or a pension from your employer or the government. Once you complete all those steps, you will receive the bonus in your new account within 10 business days.

The monthly service fee is $12, or $0 if you make a direct deposit totaling $500 or more, have a balance at the beginning of every day of $1,500 or more or have an average daily balance of $5,000 or more in any combination of your account and linked qualifying Chase checking, savings and other balances each monthly statement period. With this account, you can access 16,000 ATMs and nearly 4,900 branches, as well as manage all your accounts, transfer money and deposit checks in the Chase Mobile app.

You can set up your account on Chase’s website and access it online on their website or 24/7 through the Chase Mobile app.

Wells Fargo Everyday Checking Bonus: $400

wells fargo screenshot

Visit Wells Fargo

When you sign up for a Wells Fargo Everyday Checking account by 7/31/20, you’ll get a $400 bonus. To make sure you receive the bonus, simply open a new account and make a minimum deposit of $25. Then, you need to receive a total of $4,000+ in qualifying direct deposits to your new checking account within 90 days of opening it.

The monthly service fee for Everyday Checking is $10. You can avoid having to pay the monthly service fee by doing one of the following each fee period: maintaining a $1,500 minimum daily balance or making $500+ in total qualifying direct deposits (from a direct deposit of your salary, Social Security, pension or other regular monthly income that is electronically deposited through the ACH network by an outside agency or employer).

Additionally, your other options are to make 10+ posted debit card transactions, which is any combination of posted debit card purchases or posted debit card bill payments or link your Wells Fargo Campus ATM or Campus Debit Card. If you are 17 to 24 years old, the fee is automatically waived.

You’ll get custom alerts for your account, turn your debit card on or off with the click of a button and get 24/7 fraud monitoring.

You can set up your account by going online or to a Wells Fargo branch.

BMO Harris Bank Personal Checking Bonus: $100

bmo harris bank screenshot

Visit BM Harris

BMO Harris Bank will give you a $100 bonus when you open a new personal checking account and set up qualifying direct deposits. You need to make at least $1,200 in cumulative direct deposits of any combination of a paycheck, Social Security, pension or other government benefits electronically deposited into your new account from an outside agency or employer with 120 days of opening it.

You’ll also need to enroll in BMO Digital Banking and set up electronic statements. About 120 days after your qualifying direct deposits go into your account, you’ll receive your bonus. There is a $25 minimum deposit to start the account.

With BMO Harris Bank’s personal checking accounts, you can receive benefits like unlimited transactions at 40,000+ fee-free U.S. ATMs, pay $0 for overdraft and get a $25 monthly rebate on ATM surcharge fees from other banks. The monthly fees range from $0 to $25.

To sign up for an account, visit BMO Harris Bank’s website.

OneWest Bank Premium Money Market Account Bonus: $100-$300

onewest bank screenshot

Visit OneWest Bank

With OneWest Bank, you can earn a bonus of up to $300 when you open a Premium Money Market Account. There is no expiration date. To qualify, you need to open with a minimum of $10,000 that’s not already held or on deposit at OneWest Bank. You cannot withdraw the funds from CIT or OneWest Bank within 90 days prior to opening your account.

You’ll get a $100 bonus if your average balance is $10,000 – $99,999.99, a $200 bonus if the average balance is $100,000 – $249,999.99 and a $300 bonus if your average balance is $250,000 – $5,000,000. You’ll receive the bonus as a statement credit within 60 days after the average balance requirement is met.

You’ll earn 1.00% APY with your account during the promotional period, which may end at any time at the discretion of OneWest Bank. Once it’s over, your APY will drop to a lower APY depending on your balance. For instance, you’ll get 0.15% APY on balances of $1,000 – $4,999, 0.15% APY on balances of $5,000 – $9,999 and 0.25% APY on balances of $10,000 – $24,999. There is a $10 monthly service charge if your average monthly balance is less than $10,000.

You can set up your account online on OneWest Bank’s website or in any of their branches.

>>NEXT: The Highest-Paying Money Market Account Right Now

We want to make sure you get the best deal! Our editors strive to ensure that the information in this article is accurate as of the date published, but please keep in mind that offers can change. We encourage you to verify all terms and conditions of any financial product before you apply. Also, please remember this content wasn't provided, reviewed or endorsed by any company mentioned in this article.


Any product or service prices/offers that appear in this article are accurate at time of publish, and are subject to change without notice. Please verify the actual selling price and offer details on the merchant's site before making a purchase.
Tags

Kylie Lobell

Kylie Ora Lobell is a personal finance writer in Los Angeles. She's written for Slickdeals, Visa, Mastercard, OppLoans, MoneyUnder30, LegalZoom, and Neil Patel Digital, and she's been published in The Washington Post, New York Magazine, the Los Angeles Times, and the Jewish Journal of Los Angeles.

Related Articles

Back to top button
Close