Hey guys just Curious! Which bank offers the most rewards for opening a checking account? Seeking advice on banks with top incentives, bonuses, or cash rewards for new customers. Any recommendations or personal experiences to share?
Hi, Consider these high cash bonus banks:
Chase Private Client Checking℠: Potential bonus up to $3,000 with specific requirements like maintaining a high minimum balance and direct deposits. Check if it fits your banking needs.
Citibank: Tiered bonus up to $2,500 based on deposit activity.
Huntington National Bank: Bonus up to $600 for meeting certain criteria.
Axos Bank Rewards Checking offers a great deal for opening a checking account. It has high rewards, with an annual percentage yield (APY) of up to 3.30% on balances up to $50,000. You only need a minimum deposit of $50 to get started.
Chase and Bank of America often have some of the best bonuses for new customers. Chase usually offers up to $300, and Bank of America has been known to offer up to $200. I took advantage of one of these offers last year and it was a smooth process.
I recommend a nearby credit union. They will be really helpful with loans and other things once you land that real job.
Top Banks with Checking Account Bonuses
- Axos Bank: Offers competitive checking account bonuses alongside high-yield savings accounts.
- Discover Bank: Provides cash-back rewards and attractive bonus offers for new checking account customers.
- Chase Bank: Known for its credit cards, Chase also features competitive checking account bonuses.
- Citibank: Offers various checking account options with different bonus structures.
- Capital One: Known for its digital banking experience, Capital One provides checking account bonuses as well.
Key Factors to Consider
- Bonus Amount: Compare the size of the bonus offered by different banks.
- Requirements: Understand the conditions to qualify for the bonus, such as minimum deposits or direct deposits.
- Fees: Check for monthly maintenance fees or other charges.
- Interest Rates: Compare interest rates offered on the checking account.
- Additional Benefits: Consider other perks such as overdraft protection or ATM fee reimbursements.
Would recommend Ally if you don’t need to deposit cash, Capital One if you do (they accept it at their cafes and at CVS I think). Neither has any in-person tellers but tellers at modern banks are more like grocery store cashiers anyway.