The Top Bank Promotions That Will Get You Free Money

Score Up to $400 With The Best New Bank Account Sign Up Bonuses

Banks offer promotions to encourage people to open checking or savings accounts. It's a cool way to snag some free money, but it's not a walk in the park – you can't just open an account and expect cash to just be there. You'll need to follow some steps to grab those bonuses or cash back. Check out all the details below.

Tip: Be sure to read all the fine print before signing up for these bank promos, so you know the terms and restrictions before signing up for an account. The descriptions below only serve as a summary of each bank promo and may change without notice.

01
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Fifth Third Bank $325 Bonus

Fifth Third Bank logo

Fifth Third Bank

When you open an eligible Fifth Third checking account with qualifying activities, you'll get $325 automatically added to your balance.

To qualify for this bank promo, provide the offer code (enter your email to get it), open a Fifth Third checking account, and make direct deposits totaling $500 or more within 90 days of your account opening.

This offer expires on March 31, 2024.

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Chase $300 Bonus

The Chase bank logo.
Chase

You can get $300 when you open a Chase Total Checking account and set up direct deposit within 90 days. Or, if you'd rather open a Chase Secure Banking account, there's $100 up for grabs after you make 10 qualifying transactions (outlined in that link).

This offer expires on April 17, 2024.

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Bank of America $200 Bonus

Bank of America logo

Bank of America Corporation

Open a new Bank of America Advantage Banking account online to get $200. There are a few options to pick from, so be sure to read through the offer page for all the differences between those accounts.

After setting up your account, you'll receive the bonus money once you receive qualifying direct deposits of $2,000 or more within 90 days.

This offer expires on May 31, 2024.

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PNC Bank $200 Bonus

pnc logo

The PNC Financial Services Group, Inc.

PNC Bank is offering new Business Checking or Business Checking Plus account holders $200.

To qualify, maintain a minimum average balance of $5,000 for each of the first three statement cycles, and make at least 20 qualifying PNC Bank Visa Business Debit Card transactions within the first three statement cycles.

This offer expires on March 31, 2024.

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Citizens Bank $400 Bonus

Citizens Bank logo

Citizens Bank

Open a new personal Citizens Bank checking account and make a direct deposit of $500 or more within 60 days to receive a $300 bonus.

Additionally, if you use your new debit card within 60 days, you'll receive money with each purchase you make, up to $100 total.

This offer expires on April 11, 2024.

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Axos Bank $300 Bonus

Axos Bank logo

Axos Financial, Inc.

Open a brand-new Axos Bank Rewards Checking account and you could score a $300 welcome bonus. Use the promo code through the link above.

You'll also need to fund your account within the first 30 days and have direct deposits that total at least $5,000 each month during the first seven months. Be sure to read the other fine print for additional details.

This offer expires on June 30, 2024.

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SoFi $300 Bonus

SoFi logo

Social Finance, Inc. 

SoFi works a little differently. You'll get $50 or $300 when you sign up, depending on your direct deposit amount.

The minimum deposit amount is $1000. For that, you'll receive the lowest sign-on bonus of $50. The next level is $5,000 or more, for which you'll receive the full $300 signup bonus.