Citizens Bank Bonus: Earn $600 for Opening a Savings and Checking Account

Earn $300 for a new checking account, $200 for a new savings account and an additional $100 for opening both accounts.

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Citizens Bank is offering an opportunity at not one, but three bonuses right now. Widely considered among the best bank bonuses, this trifecta can earn you up to $600 by opening both a savings and checking account with Citizens Bank and other requirements. Read on to learn more about what you need to do to earn these bank bonuses, who qualifies for them and what kind of bank accounts you’ll find at Citizens Bank.


  • Get $300 when you open a new One Deposit Checking account or a Citizens Bank Platinum Checking account and make a direct deposit of $500 or more within 60 days.
  • Get $200 when you open a savings account with a minimum of $15,000 not currently on deposit with Citizens Bank and maintain that balance for 3 months.
  • Get an additional $100 when you do both.

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Citizens Bank New Checking Account Bonus: $300

Individuals can now earn a $300 bonus for opening a new personal checking account through Citizens Bank. The bank currently has four checking account options, so there is likely one that fits your short or long-term banking needs.

The other requirement to receive the $300 bank bonus is that you make a single direct deposit of $500 or more within 60 days of account opening. The bonus is available to accounts opened between Jun. 18, 2020 and Oct. 1, 2020.

Citizens Bank New Savings Account Bonus: $200

There’s also an option to earn $200 when you open a new Citizens Bank saving account and a new personal checking account. Besides opening an account, you’ll need to deposit a minimum of $15,000 into the account. The deposit must be funded with new money not currently held in another Citizens Bank account.

The other catch is that you’ll need to maintain at least $15,000 in your savings account for three months to earn the bonus. The bonus is available to accounts opened between Jun. 18, 2020 and Oct. 1, 2020.

Citizens Bank $100 Bonus

While either of the above-mentioned bank bonuses is an excellent deal, individuals who qualify to earn both bonuses are rewarded with an additional bonus. By meeting the requirements for both the checking and savings account bonuses, you’ll receive an extra $100 bonus.

The Fine Print On Citizens Bank’s $600 Bank Bonuses

Whether you’re looking for a new bank account or just a fan of deals, you need to know some other important details to earn these bonuses from Citizens Bank.


First, Current Citizens Bank checking and savings account holders aren’t eligible for these bonuses. Unfortunately, it’s for first-time customers only. Accounts are only available for individuals living in one of the 13 states with Citizens Bank branches. Use this bank branch locator to see if they have any locations near you.

Slick Tip: Is Citizens Bank not in your area? Try the $200 Chase Total Checking bonus or the $100 Aspiration bonus instead.

Deal seekers should note that you’ll need to keep your account open roughly four months before receiving your bonus payments. The date you receive your bank bonuses depends on when you open your account and meet all requirements. See the chart below for specific dates for bank bonus payments.

Bonus Payout Dates

Account Opening Date Single $500 Direct Deposit to Checking Account: $15,000 Savings Balance remains on Deposit until: Bonus Payout Date
Jun. 2020 Within 60 days of account open date Sept. 30, 2020 Oct. 31, 2020
Jul. 2020 Within 60 days of account open date Oct. 31, 2020 Nov. 30, 2020
Aug. 2020 Within 60 days of account open date Nov. 30, 2020 Dec. 31, 2020
Sept. 2020 Within 60 days of account open date Dec. 31, 2020 Jan. 31, 2021
Oct. 2020 Within 60 days of account open date Jan. 31, 2020 Feb. 28, 2021

These bank bonuses are only available through this special bonus link from Citizens Bank.

Citizens Bank Accounts

Now that you know about these valuable bank bonuses, what accounts can you open at Citizens Bank? Here’s a look at checking and savings accounts available through the bank right now.

Checking Accounts

Citizens Bank has four checking account options available right now — Platinum Checking, Platinum Plus Checking, One Deposit Checking, and Student Checking. Here’s a breakdown of the details for each of its checking accounts.

Account Minimum Opening Deposit  Monthly Fee How To Waive Monthly Fee Interest Rate
Platinum Checking $0 $25 $25,000 combined balances in deposit and investment accounts  0.02% APY
Platinum Plus Checking $0 $25 $25,000 combined balances in deposit and investment accounts AND either: Deposit at least $5,000 in your checking account each statement period OR Maintain an average daily checking balance of $10,000+. 0.02% APY
One Deposit Checking $0 $9.99 Make one deposit (any amount) per statement period N/A
Student Checking  $0 $0 N/A N/A

Platinum and Platinum Plus Checking accounts also come with extra perks like:

  • Access to higher rates on other deposit accounts
  • Free design or official bank checks
  • No fees for services such as stop payments and money orders
  • Up to four waives non-network ATM fees per statement period
  • Access to Premier Advisory financial planning services

Student Checking accounts also come with free checks. All Citizens Bank checking accounts come with ATM cards and online and mobile banking access.

Customers are subject to a soft credit inquiry when applying for a Citizens Bank checking account. Soft credit inquiries do not negatively affect your credit score.

Savings Accounts

Citizens Bank has three savings accounts available for personal banking customers.

  • One Deposit Savings: All balances currently earn 0.01% APY. There’s no minimum deposit requirements and features a $4.99 monthly fee that’s waivable by making one deposit of any amount each statement period.
  • Platinum Savings: You need a Platinum Checking account to open this savings account. The account features no monthly fees and no minimum deposit requirements. Platinum Savings currently earns 0.02% APY.
  • Platinum Plus Savings: You need a Platinum Plus Checking account to open this savings account. The account features no monthly fees and no minimum deposit requirements. Platinum Savings currently earns 0.02% APY.

Citizens Bank is also home to many other deposit accounts, lending solutions, and investment planning.

Should You Apply For These Bank Bonuses?

Citizens Bank makes it easy to earn an extra $600 if you meet all of the deal requirements. If you’re looking for a new bank or want to earn some free money, why not try to collect these bank bonuses? When you’re trying to earn bank or other bonuses, it’s always a good idea to screenshot offer details for your records in case you might need to access them later.

Visit Citizens Bank Today

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.

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Kevin Payne

Kevin Payne is a personal finance, credit card, and travel writer. He is the family travel and budget expert behind Kevin lives in Cleveland, Ohio, with his wife and four kids. His work has appeared on several websites, including FinanceBuzz, Credit Karma, Millennial Money, Club Thrifty, Student Loan Planner and Slickdeals.

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