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Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page.

We’ve gone through the best promotions among national and regional banks and below are our top picks for October 2022.

Best bank account bonuses

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Editor’s rating

4.25/5

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Editor’s rating

3.5/5

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Editor’s rating

3.75/5

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Editor’s rating

4.75/5

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Editor’s rating

3.5/5

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Editor’s rating

4/5

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A five pointed star

Editor’s rating

4.25/5

A five pointed star

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Editor’s rating

3.5/5

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Editor’s rating

4/5

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Editor’s rating

4/5

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Editor’s rating

3.5/5

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A one-year Amazon Prime subscription worth $139

Editor’s rating

4/5

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A five pointed star

Editor’s rating

4.25/5

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A five pointed star

Editor’s rating

3.5/5

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Editor’s rating

4/5

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Citigold® Checking Account


Annual Percentage Yield (APY)

N/A


Minimum Deposit Amount

None

CIti Citigold® Checking Account

Citigold® Checking Account


Annual Percentage Yield (APY)

N/A


Minimum Deposit Amount

None


Annual Percentage Yield (APY)

N/A


Minimum Deposit Amount

None

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Bonus amount: cash bonus of up to $2,000 when you maintain a minimum eligible balance and complete required activities

Expiration date: January 9, 2023

Who qualifies: You qualify as long as you haven’t had a Citi® checking account in the last 180 days and you’re 18 years old.

What you need to do:

  • Open a new checking account in the Citigold® Checking Account by January 9, 2023
  • To earn $200, you’ll need to have a minimum deposit and minimum balance of $10,000 to $29,999 within 20 days of your account opening.
  • To earn $500, you’ll need to have a minimum deposit and minimum balance of $30,000 to $74,999 within 20 days of your account opening.
  • To earn $1,000, you’ll need to have a minimum deposit and minimum balance of $75,000 to $199,999 within 20 days of your account opening.
  • To earn $1,500, you’ll need to have a minimum deposit and minimum balance of $200,000 to $299,999 within 20 days of your account opening.
  • To earn $2,000, you’ll need to have a minimum deposit and minimum balance of $300,000 and above within 20 days of your account opening.
  • Maintain your balance for 60 consecutive calendar days after the 21st day from account opening
  • If your balance falls to a lower tier at any point during the maintenance period, the bonus changes.

When you’ll receive the money: The bonus will be paid within 30 days after you successfully complete all required activities

CIti Citi Priority


Annual Percentage Yield (APY)

N/A


Minimum Deposit Amount

None

CIti Citi Priority


Annual Percentage Yield (APY)

N/A


Minimum Deposit Amount

None


Annual Percentage Yield (APY)

N/A


Minimum Deposit Amount

None

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Bonus amount: cash bonus of $200, $500, $1,000, $1,500, or $2,000 when you maintain a minimum eligible balance and complete required activities

Expiration date: January 9, 2023

Who qualifies: You qualify as long as you haven’t had a Citi checking account in the last 180 days and you’re 18 years old.

What you need to do: 

  • Open a new checking account in the Citi Priority Account Package by January 9, 2023
  • To earn $200, you’ll need to have a minimum deposit and minimum balance of $10,000 to $29,999 within 20 days of your account opening.
  • To earn $500, you’ll need to have a minimum deposit and minimum balance of $30,000 to $74,999 within 20 days of your account opening.
  • To earn $1,000, you’ll need to have a minimum deposit and minimum balance of $75,000 to $199,999 within 20 days of your account opening.
  • To earn $1,500, you’ll need to have a minimum deposit and minimum balance of $200,000 to $299,999 within 20 days of your account opening.
  • To earn $2,000, you’ll need to have a minimum deposit and minimum balance of $300,000 and above within 20 days of your account opening.
  • Maintain your balance for 60 consecutive calendar days after the 21st day from account opening
  • If your balance falls to a lower tier at any point during the maintenance period, the bonus changes.

When you’ll receive the money: The bonus will be paid within 30 days after you successfully complete all required activities

HSBC HSBC Premier Checking (Member FDIC)

HSBC Premier Checking (Member FDIC)


Annual Percentage Yield (APY)

0.01% APY


Minimum Deposit Amount

$1

HSBC HSBC Premier Checking (Member FDIC)

HSBC Premier Checking (Member FDIC)


Annual Percentage Yield (APY)

0.01% APY


Minimum Deposit Amount

$1


Annual Percentage Yield (APY)

0.01% APY


Minimum Deposit Amount

$1

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Bonus amount: $500

Expiration date: February 15, 2023

Who qualifies: You qualify as long as you qualify for an HSBC Premier relationship. HSBC Premier clients have to keep $75,000 in bank/investment accounts, receive $5,000 in direct deposits each month, or take out a mortgage of at least $500,000.

What you need to do: 

When you’ll receive the money: The money will be deposited into your checking account eight weeks after you meet the requirements.

Ally Ally High Yield Savings Account

Ally High Yield Savings Account


Annual Percentage Yield (APY)

2.25% APY


Minimum Deposit Amount

$0

Ally Ally High Yield Savings Account

Ally High Yield Savings Account


Annual Percentage Yield (APY)

2.25% APY


Minimum Deposit Amount

$0


Annual Percentage Yield (APY)

2.25% APY


Minimum Deposit Amount

$0

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Bonus amount: Up to $500

Expiration date: October 21, 2022

Who qualifies: You will qualify for the cash bonus if you have a new or existing Ally High Yield Savings Account, Ally Money Market Account, or Ally High Yield Certificate of Deposit

What you need to do: 

  • If you’re opening a new Ally account, you must use the code “GETPAID” when you’re signing up for the account.
  • If you have an existing account, you must enroll for the bonus by including your name and email address by October 21, 2022. New accounts must use the code “GETPAID” to be eligible for the bonus.
  • After you’ve enrolled, you must transfer at least $1,000 to an eligible Ally account by October 31, 2022. Ally will provide a 1% cash bonus for the money that you transfer into the account. The minimum cash bonus is $10 (if you transfer a minimum of $1,000) and the maximum cash bonus is $500 ( if you transfer $50,000 into your account).
  • You must keep the money in your account through January 15, 2023. If you transfer money out of your account before January 15, 2023, this may impact the cash bonus you receive.

When you’ll receive the money: The money will be deposited into your account on February 15, 2023. Ally will send an email about your bonus.

Huntington Bank Huntington Bank Platinum Perks Checking

Huntington Bank Platinum Perks Checking


Annual Percentage Yield (APY)

0.03% APY


Minimum Deposit Amount

None

Huntington Bank Huntington Bank Platinum Perks Checking

Huntington Bank Platinum Perks Checking


Annual Percentage Yield (APY)

0.03% APY


Minimum Deposit Amount

None

On Huntington Bank’s website


Annual Percentage Yield (APY)

0.03% APY


Minimum Deposit Amount

None

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Bonus amount: $300

Expiration date: February 7, 2023

Who qualifies: You must open a new Huntington Bank customer to qualify. 

What you need to do: 

When you’ll receive the money: The money will be deposited into your checking account within 14 days after you meet the requirements.

TD Bank TD Bank Beyond Checking Account

TD Bank Beyond Checking Account


Annual Percentage Yield (APY)

0.01% APY


Minimum Deposit Amount

$0

TD Bank TD Bank Beyond Checking Account

TD Bank Beyond Checking Account


Annual Percentage Yield (APY)

0.01% APY


Minimum Deposit Amount

$0


Annual Percentage Yield (APY)

0.01% APY


Minimum Deposit Amount

$0

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Bonus amount: $300 bonus

Expiration date: October 31, 2023

Who qualifies: You must be a new TD Bank customer to qualify.

What you need to do: 

  • Open a new TD Bank Beyond Checking Account 
  • Receive at least $2,500 in qualifying direct deposits within 60 days of opening the account
  • Keep your account open for at least 6 months

When you’ll receive the money: The money will be deposited into your account around 180 days after opening the account.

SoFi SoFi Checking and Savings

SoFi Checking and Savings


Annual Percentage Yield (APY)

1.20% to 2.50% APY


Minimum Deposit Amount

$0

SoFi SoFi Checking and Savings

SoFi Checking and Savings


Annual Percentage Yield (APY)

1.20% to 2.50% APY


Minimum Deposit Amount

$0


Annual Percentage Yield (APY)

1.20% to 2.50% APY

Rates as of 9/30/22.

Show more


Minimum Deposit Amount

$0

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Bonus amount: $50, $100 or $300 bonus

Expiration date: December 31, 2022

Who qualifies: You must be a new SoFi Checking and Savings customer, or an existing SoFi Checking and Savings customer who hasn’t set up direct deposit.

What you need to do: 

  • Open SoFi Checking and Savings 
  • To earn a $50 cash bonus, you must receive between $1,000 and $1,999 in qualifying direct deposits during the first 30 days of opening an account
  • To earn a $100 cash bonus, you must receive between $2,000 and $4,999 in qualifying direct deposits during the first 30 days of opening an account. 
  • To earn a $300 cash bonus, you must receive over $5,000 in qualifying direct deposits during the first 30 days of opening an account

When you’ll receive the money: The money will be deposited into your account around 14 days after the first month of opening the account.

Chase Chase Total Checking®


Annual Percentage Yield (APY)

None


Minimum Deposit Amount

$0

Chase Chase Total Checking®


Annual Percentage Yield (APY)

None


Minimum Deposit Amount

$0


Annual Percentage Yield (APY)

None


Minimum Deposit Amount

$0

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Bonus amount: $200

Expiration date: January 25, 2023

Who qualifies: New personal checking account customers.

What you need to do:

  • Open a new Chase Total Checking® account with a coupon code
  • Set up direct deposit within 90 days after enrolling

When you’ll receive the money: You’ll receive the $250 within 15 days.

Huntington Bank Huntington Bank Perks Checking

Huntington Bank Perks Checking


Annual Percentage Yield (APY)

0.02% APY


Minimum Deposit Amount

None

Huntington Bank Huntington Bank Perks Checking

Huntington Bank Perks Checking


Annual Percentage Yield (APY)

0.02% APY


Minimum Deposit Amount

None

On Huntington Bank’s website


Annual Percentage Yield (APY)

0.02% APY


Minimum Deposit Amount

None

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Bonus amount: $200

Expiration date: February  7, 2023

Who qualifies: You must open a new Huntington Bank customer to qualify. 

What you need to do: 

  • Open a new Huntington Perks Checking Account by February 7, 2023
  • Deposit at least $1,000 within 60 days of opening your account and maintain a $1,000 account balance for 90 days

When you’ll receive the money: The money will be deposited into your checking account within 14 days after you meet the requirements.

TD Bank TD Bank Convenience Checking Account

TD Bank Convenience Checking Account


Annual Percentage Yield (APY)

None


Minimum Deposit Amount

$0

TD Bank TD Bank Convenience Checking Account

TD Bank Convenience Checking Account


Annual Percentage Yield (APY)

None


Minimum Deposit Amount

$0


Annual Percentage Yield (APY)

None


Minimum Deposit Amount

$0

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Bonus amount: $200 bonus

Expiration date: October 31, 2023

Who qualifies: You must be a new TD Bank customer to qualify.

What you need to do: 

  • Open a new TD Bank Convenience Checking Account 
  • Receive at least $500 in qualifying direct deposits within 60 days of opening the account
  • Keep your account open for at least 6 months

When you’ll receive the money: The money will be deposited into your account around 180 days after opening the account.

Wells Fargo Wells Fargo Everyday Checking Account

Wells Fargo Everyday Checking Account


Annual Percentage Yield (APY)

None


Minimum Deposit Amount

$25

Wells Fargo Wells Fargo Everyday Checking Account

Wells Fargo Everyday Checking Account


Annual Percentage Yield (APY)

None


Minimum Deposit Amount

$25


Annual Percentage Yield (APY)

None


Minimum Deposit Amount

$25

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Bonus amount: $200 bonus

Expiration date: December 31, 2022

Who qualifies: It is easy to qualify for and available in 37 US states. To qualify, you must be a new Wells Fargo personal checking account customer and use a bonus code to open an account.

What you need to do: 

  • Open a new Wells Fargo Everyday Checking Account with a bonus code online or at a branch
  • Receive at least $1,000 in direct deposits 90 days within opening the account

When you’ll receive the money: The money will be deposited into your account around 30 days after finishing the requirements. 

CIT Bank CIT Bank Money Market Account

CIT Bank Money Market Account


Annual Percentage Yield (APY)

1.55% APY


Minimum Deposit Amount

$100

CIT Bank CIT Bank Money Market Account

CIT Bank Money Market Account


Annual Percentage Yield (APY)

1.55% APY


Minimum Deposit Amount

$100


Annual Percentage Yield (APY)

1.55% APY


Minimum Deposit Amount

$100

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Bonus amount: A one-year Amazon Prime subscription worth $139

Expiration date: Promotion ends December 23, 2022. Amazon Prime code expires on March 23, 2024. 

Who qualifies: Anyone who opens the CIT Bank Money Market Account after March 23, 2022 is eligible.

What you need to do: 

  • Use the promo code “AMZN22”
  • Deposit at least $15,000 in the first 15 days of opening your account
  • Maintain a daily balance of at least $15,000 for 60 days

When you’ll receive the money: You’ll get an email with your Amazon Prime subscription code around 60 days after finishing the requirements. You’ll have until March 23, 2024 to sign up for Amazon Prime.

Axos Axos Bank Rewards Checking

Axos Bank Rewards Checking


Annual Percentage Yield (APY)

Up to 1.25% APY


Minimum Deposit Amount

$50

Axos Axos Bank Rewards Checking

Axos Bank Rewards Checking


Annual Percentage Yield (APY)

Up to 1.25% APY


Minimum Deposit Amount

$50


Annual Percentage Yield (APY)

Up to 1.25% APY


Minimum Deposit Amount

$50

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Bonus amount: $100

Expiration date: December 31, 2022

Who qualifies: You may qualify for the cash bonus if you are opening a new Axos Bank Rewards Checking.

What you need to do: 

  • Use the promo code “RC100” when opening Rewards Checking account
  • Make qualifying direct deposits that total at least $1,500 in a single month during the first 90 days of opening your account

When you’ll receive the money: The money will be deposited into your account 30 days after the 90-day period. Your account will need to remain open for at least 180 days or there may be a $50 closure fee.

Bank of America Bank of America Advantage SafeBalance Banking® Account

Bank of America Advantage SafeBalance Banking® Account


Annual Percentage Yield (APY)

N/A


Minimum Deposit Amount

$25

Bank of America Bank of America Advantage SafeBalance Banking® Account

Bank of America Advantage SafeBalance Banking® Account


Annual Percentage Yield (APY)

N/A


Minimum Deposit Amount

$25

On Bank of America’s website


Annual Percentage Yield (APY)

N/A


Minimum Deposit Amount

$25

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Bonus amount: $100 bonus

Expiration date: December 31, 2022

Who qualifies: It is easy to qualify for and available in 37 US states. To qualify, you be a new Bank of America personal checking account customer. 

What you need to do: 

  • Open a Bank of America Advantage SafeBalance, Plus, or Relationship Banking Checking Account through the bank’s promotional page by December 31, 2022
  • Receive at least $1,000 in direct deposits within 90 days of opening the account

When you’ll receive the money: The money will be deposited into your account around 60 days after finishing the requirements. 

Chase Chase Secure Banking℠


Annual Percentage Yield (APY)

None


Minimum Deposit Amount

$0

Chase Chase Secure Banking℠


Annual Percentage Yield (APY)

None


Minimum Deposit Amount

$0


Annual Percentage Yield (APY)

None


Minimum Deposit Amount

$0

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Bonus amount: $100

Expiration date: January 25, 2023

Who qualifies: You must be a new checking account customer.

What you need to do:

When you’ll receive the money: You’ll get the money deposited into your account 15 days after you’ve completed 10 transactions. 

Frequently asked questions

In short — it depends.

Depending on your balance, a cash bonus could end up earning you more money than a high APY would. However, make sure you won’t pay fees that will cancel out the amount you earn as a bonus. For example, if you earn a sign-up bonus but have to pay a monthly fee and are regularly penalized for overdrawing, opening a bank account for the bonus may not be worth it.

Banks offer bonuses to draw in new customers and to set themselves apart from competing banks that may offer similar interest rates, monthly fees, or opening deposit requirements.

You typically can’t receive more than one bank account bonus with the same bank within a certain amount of time — usually between a few months and a couple years. But if you have the funds, you may be able to receive one bank account bonus from multiple banks.

Yes, you do have to pay taxes on your bonus. When you file taxes for the year, you’ll report the sign-up bonus as income and pay income tax accordingly.



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