5 Bank Account Bonuses You Can Get With $1,000 or Less in Deposits

Bank account bonuses could put hundreds (or in some cases, thousands) of dollars in your pocket, but if you want to earn them, you usually need a lot of money. Most banks require a certain amount of direct deposits or an average daily balance that can run into the five figures with some institutions. They're not achievable for the average American struggling to make ends meet.

But there are a few banks that get it. Here are five bank account bonuses you could qualify for with $1,000 or less in deposits.

1. Huntington Perks Checking℠ account ($400 bonus)

The Huntington Perks Checking℠ account from Huntington Bank is offering one of the most valuable checking account bonuses around that doesn't require any specific deposit amount.

To qualify, you must open a new Huntington Perks Checking℠ account from this page or at a branch by Oct. 7, 2024. Then, you must receive a qualifying direct deposit of any amount within the first 90 days of account opening. You must also keep your account open for 90 days.

Our Picks for the Best High-Yield Savings Accounts of 2024

American Express® High Yield Savings APY 4.25% Rate info 4.25% annual percentage yield as of July 11, 2024 Min. to earn $1 Open Account for American Express® High Yield Savings Member FDIC.	APY 4.25% Rate info 4.25% annual percentage yield as of July 11, 2024	Min. to earn $1
Citizens Access® Savings APY 4.50% Min. to earn $0.01 Open Account for Citizens Access® Savings Member FDIC.	APY 4.50%	Min. to earn $0.01
Bask Interest Savings APY 5.10% Min. to earn $0 Open Account for Bask Interest Savings Member FDIC.	APY 5.10%	Min. to earn $0

Those who qualify will get their bonus within 14 days of completing the requirements. This offer is only available to residents of Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, West Virginia, and Wisconsin.

2. Chase Total Checking® account ($300 bonus)

New Chase Total Checking® account customers can qualify for a $300 bonus by opening an account with a coupon they get from this page by Oct. 16, 2024.

They must receive direct deposits of $500 or more within 90 days of account opening. Those who qualify will receive their bonus within 15 days of completing all required activities.

This offer isn't available to those who have closed a Chase bank account within the last 90 days or closed with a negative balance in the last three years. Person-to-person payments or micropayments (those less than $1) won't count toward the $500 direct deposit requirement.

3. Wells Fargo Everyday Checking account ($300 bonus)

Wells Fargo is offering a $300 bonus to new Wells Fargo Everyday Checking account customers who open an account by Sept. 25, 2024 from this page.

You'll need a minimum opening deposit of $25 and you must receive at least $1,000 in qualifying electronic deposits to your account within the first 90 days after account opening.

After the 90-day period ends, Wells Fargo will evaluate whether you've qualified for the bonus. If you have, it'll deposit the $300 into your account within 30 days.

4. M&T Bank personal checking account (Up to $200 bonus)

Those who open a new M&T Bank personal checking account by Aug. 31, 2024 using the promo code you can get from this page who have at least $500 in qualifying direct deposits within the first 90 days of account opening can earn up to a $200 bonus. M&T Bank will pay the bonus within 90 days of you completing the qualifying activities.

Customers who open the MyChoice Premium account will earn a $200 bonus. Those who opt for the MyChoice Plus account can earn up to $150. And those who choose the EZChoice account can earn up to $100. The fee-free MyWay Banking account isn't eligible for a cash bonus.

5. Chase Secure Banking℠ account ($100 bonus)

Chase also offers a $100 bonus to new Chase Secure Banking℠ account customers who open an account from this page by Oct. 16, 2024.

They must then complete 10 qualifying transactions within 60 days of account opening to earn the $100 bonus.

Qualifying transactions include debit card purchases, Zelle, ACH credits, Chase QuickDeposit, or online bill payments. Those who complete all 10 transactions in time will get their bonus within 15 days.

Should you go for it?

These bonuses can sound really appealing, especially when they require so little cash. But remember that you'll have the account long after you've earned the bonus. If you don't like it, you'll have to go through the hassle of closing it and moving your money elsewhere.

If none of these offers appeal to you, consider opening an online checking or savings account instead. These accounts typically don't have fees and earn you interest on your funds, so you might be able to grow your wealth more easily than you could with the accounts listed here.