These 8 Banks Will Pay New Members a Bonus of $300 or More

Bank account bonuses can be a great tiebreaker when you're torn between two or more options. They're often not enough to overcome major shortcomings, like a low interest rate on a savings account or a maintenance fee you can't waive. But if you like the account's features, a bonus is just the cherry on top.

These days, you don't have to look far to find $100 or $200 sign-up bonuses. But here are eight banks that could pay new customers up to $300 or more.

1. Citibank (Up to $2,500)

New Citibank checking account customers could earn $500 to $2,500 if they complete the following activities:

1. Open a new Citibank checking account by July 8, 2024 from this page.
2. Deposit new-to-Citibank funds within the first 20 days of account opening.
3. Maintain your balance for an additional 60 days.

Your balance on the 20th day after account opening determines the bonus you could qualify for as outlined below.

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

Capital One 360 Performance Savings APY 4.25% Rate info See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of April 11, 2024. Rates are subject to change at any time before or after account opening. Min. to earn $0 Open Account for Capital One 360 Performance Savings Member FDIC.	APY 4.25% Rate info See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of April 11, 2024. Rates are subject to change at any time before or after account opening.	Min. to earn $0
American Express® High Yield Savings APY 4.25% Rate info 4.25% annual percentage yield as of June 28, 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 June 28, 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

Those who complete these activities will get their cash within 30 days of doing so.

2. Huntington Bank (Up to $600)

New Huntington Bank customers who open a Huntington Platinum Perks Checking℠ account and deposit at least $25,000 into the account within 90 days and keep the account open for 90 days could earn a $600 bonus.

The bank also offers a more achievable $400 bonus for new Huntington Perks Checking℠ account customers who set up and receive a qualifying direct deposit within 90 days of account opening and keep the account open for at least 90 days.

3. BMO (Up to $500)

BMO Relationship Checking customers can receive a $500 bonus if they have at least $7,500 in qualifying direct deposits within the first 90 days of account opening. BMO will pay the bonus roughly 100 days after account opening.

The BMO Smart Advantage Checking and BMO Smart Money Checking accounts come with $350 bonuses for those who have qualifying direct deposits of at least $4,000 during the first 90 days after account opening.

4. PNC Bank (Up to $400)

New PNC Bank customers can qualify for a $400 bonus when they open a PNC Virtual Wallet with Performance Select account and have qualifying direct deposits of $5,000 or more within 60 days. But time is running out on this one. You must open your account by July 1, 2024 to claim it.

If the $400 bonus isn't achievable for you, you could qualify for a $100 or $200 bonus with the PNC Virtual Wallet and PNC Virtual Wallet with Performance Spend accounts, respectively. The $100 bonus requires direct deposits of $500 or more within 60 days and the $200 bonus requires direct deposits of $2,000 or more.

5. Chase ($300)

Those interested in a Chase Total Checking® account can earn a $300 bonus if they open a new account from this page and have at least $500 in qualifying direct deposits within the first 90 days of account opening. Chase will pay your bonus within 15 days of completing the qualifying activities.

6. SoFi (Up to $300)

SoFi offers a $300 bonus to new customers interested in opening a checking and savings account with the bank. To claim this bonus, you must set up a direct deposit. The dollar amount of your direct deposits within the first 25 days of opening your account will dictate the size of your bonus as outlined in the table below:

You will get your bonus within seven days of the end of the 25-day bonus period.

7. TD Bank (Up to $300)

TD Bank Beyond Checking account customers can earn $300 when they have $2,500 or more in qualifying direct deposits within 60 days of account opening. The bank will pay the bonus no more than 180 days after account opening.

There's also a $200 bonus for TD Complete Checking customers who have at least $500 in qualifying direct deposits within 60 days of account opening.

8. Wells Fargo ($300)

Wells Fargo is offering $300 to new Wells Fargo Everyday Checking account customers who open their account from this page with at least a $25 initial deposit. You must receive at least $1,000 in qualifying direct deposits during the first 90 days after account opening. If you qualify, Wells Fargo will pay this bonus within 30 days after the 90-day period ends.

If a couple of these offers stood out to you, dive deeper into the accounts' fees and features before deciding which is right for you. Remember, the bonus might be tempting, but you'll have the account long after you earn it, so you want to make sure you like what you're getting.