Are your bills stressing you out? Do the increasing bills seem to be never-ending? The cost of living is speedily increasing in 2021, and in times like these, there’s no reason you shouldn’t look to save. Luckily, there’s actually one way you can manage to earn a good amount of money: checking account deals.
U.S. banks are offering some fantastic checking account deals this year. Some of the country’s best banks have a bank promotion or two to help you save big. Keep reading to learn more!
Our Top 2 Checking Account Deals
Given below are two of the best checking account deals to avail this year.
1. Chase Total Checking Account – $200 Opening Bonus
If you open a checking account with Chase Bank by April 14th, you can get a bonus worth $200. To open the account, you can just visit any of the Chase branches in your area. Employees at the branch will guide you about the process.
You can also open a checking account online. To do this, you will first have to get a promotional coupon from the Chase promo page. Once you register for it, the bank will mail you the coupon. After receiving it, you can open your account online.
Chase Bank will give you a bonus of $200 within 15 days of your first direct deposit. To claim the bonus, you must deposit money in your account within 90 days of opening it. In case you fail to deposit anything within the said limit, you won’t be eligible for the bonus.
Terms And Conditions
To avail this deal, you must:
- Have a Chase Total checking account for at least 90 days before applying for this offer.
- Have a clear history with the bank. You can’t avail the offer if your previous Chase account had a negative closing balance.
- Keep the account open for 6 months after opening. Otherwise, the bank will deduct the bonus money from your account at the time of closing.
You also can’t avail the bonus if you’ve already opted for such a bonus in the past two years.
Account Fee
As a Chase Checking account holder, you must pay $12 per month. However, the bank will waive this fee if your monthly direct deposit is worth $500 or above. Besides direct deposits, you must maintain a daily balance of at least $1500 to enjoy the fee waiver.
2. Bank of America Advantage Banking – $100 Opening Bonus
You can win a bonus worth $100 upon opening a Bank of America checking account online before June 30th. To benefit from the deal, you must apply for the account online. Simply go to the bank’s promotional page and add ‘DOC100CIS’ as your enrollment code.
Once your account is open, you’ll need to deposit either $25 or $100, depending upon your account type. After this, your account must receive at least 2 direct deposits worth $250 within the first three months after opening.
If the required deposits are made in time, you’ll receive the bonus within 60 days of opening the account.
Terms And Conditions
To avail the Bank of America’s checking account deal, you must:
- Not have had a Bank of America personal checking account for at least a year before applying for this offer. The restriction applies to both accounts owned or co-owned.
- Have a clear history with the Bank of America, if any.
- Your account will qualify for the bonus only if it’s in good financial standing.
Account Fee
Your checking account fee will vary depending on whether you associate with Advantage SafeBalance, Advantage Plus, or Advantage Relationship Banking. The monthly fees for the accounts are $4.95, $12, and $25, respectively.
However, the bank might waive these fees in some conditions. For example, students under 24 get a fee waiver on their SafeBalance checking account.
Similarly, those who have opted for Advantage Plus services get a fee waiver on monthly deposits of $250. Advantage Relationship checking account holders won’t get charged anything if you maintain around $10,000 in your combined balance.
Conclusion
Other than these two deals, HSBC bank offers a premier $400 bonus on checking accounts. This offer comes with a lot of restrictions, so it didn’t make our top two. However, it’s always a viable solution worth checking out.
Both Alliant and Huntington Banks also offer between $100 -$200 to welcome new checking account clients. If you’re looking to make some extra cash, Chase and Bank of America are your best choices but we’re sure you’ll find something or the other to invest in!
References
https://wallethacks.com/us-bank-promotions/
https://www.nerdwallet.com/article/banking/best-bank-bonuses-promotions
https://www.mybanktracker.com/checking/reviews/us-bank-deals-269262