How to get up to $ 300 for Christmas by opening a new bank account
SOME banks are offering up to $ 300 to open an account – which could be a big boost for some families during the holiday season.
While the banks want your business, you may need to act quickly on some of these offers as some will expire next month.
Below, we’ll show you a few banks that give you at least $ 100 just to open an account with them and how the process works.
Note that some of these will require minimum deposits and monthly fees.
Discover the online savings account – $ 150 or $ 250
You can open a Discover savings account online or over the phone.
By opening your first savings account with Discover, you are entitled to a bonus of $ 150 by entering the code “NW21” when requesting.
To qualify, it must be your first savings account with Discover. So if you had an Affinity or Brand Partnership account provided by Discover, you are not eligible.
This also requires a minimum deposit of $ 15,000, but there is no monthly fee involved. In addition, a minimum of $ 25,000 will reward you with a bonus of $ 200.
This offer will expire on December 15th.
TD Chequing Account – $ 150 or $ 300
TD Bank currently offers two promotions for two separate checking accounts.
Opening a TD Convenient Checking Account will earn you $ 150 if you receive $ 150 in direct deposits within 60 days.
As long as you maintain a minimum balance of $ 100, you are exempt from monthly fees.
There is a $ 300 reward if you open a TD Beyond checking account and receive deposits of up to $ 2,500 or more within 60 days.
Monthly fees are waived by maintaining a minimum daily balance of $ 2,500 or receiving $ 5,000 in direct deposits.
To be eligible for the Reward, you must not have operated a TD Checking Account in the past year or earned Rewards on another account.
You must also live in Delaware, Florida, Maine, Maryland, Connecticut, New Hampshire, New Jersey, New York State, Massachusetts, New Jersey, South Carolina, Vermont, Virginia, Washington, DC, Pennsylvania or Rhode Island to be eligible.
You can open an account on either one here.
The bonus will expire on September 30.
BMO Harris Current Account – $ 300 or $ 500
There are two types of bank accounts you can open with BMO to receive a $ 300 bonus: a Smart Money account and a Smart Advantage account.
Both accounts will require at least $ 4,000 in direct deposits in the first three months.
A key difference between the two is that the Smart Advantage account will not require a monthly fee with a paperless statement, while a Smart Money account will not charge a maintenance fee for those under 25.
BMO will also pay out $ 500 to those who have $ 7,500 in eligible direct deposits within the first 90 days of opening.
To be eligible, you must not have had a checking account with the branch within the past 12 months.
You must reside in the following states that have branch offices to be eligible: Kansas, Minnesota, Missouri, Wisconsin, Florida, Illinois, and Indiana.
Additionally, accounts that offer the $ 300 reward do not require a minimum balance.
You can open any of the three accounts here to claim your reward, but you must do so by September 30th.
Hunting current account
Hunting also gives you two options to earn money by opening a checking account without an asterisk or Huntington 5.
Both accounts will require minimum deposits of $ 1,000 within 60 days.
Opening a checking account without an asterisk will net you $ 150, while Huntington 5 will net you $ 200.
The Asterisk-Free account does not require a minimum balance, while the Hunting 5 will waive the fee if you have funds worth $ 5,000 in accounts within the branch.
To be eligible, you must live in Kentucky, Michigan, Ohio, Pennsylvania, West Virginia, Illinois, or Indiana.
To apply, you can consult its promotional offer tab.
Some other bonus offers
There are other bonus offers that you can consider as well. Some of them may require a higher minimum balance or larger deposits.
Chase is offering up to $ 225 for opening an online checking account. The coupon is applied once you select “open an account”.
All you have to do is set up direct deposit within 90 days of signing up.
You will see the bonus in your account within 15 days of receiving your first direct deposit.
This offer expires October 18.
By opening a virtual wallet with PNC, you can earn up to $ 300.
The standard virtual wallet account earns you $ 50, the virtual wallet with Performance Spend gives you $ 200, while the virtual wallet with Performance Select earns you $ 300.
These portfolios will require qualified direct deposits of at least $ 500, $ 2,000 and $ 5,000, respectively.
All three do not include a minimum to open online and have no monthly service charge if the conditions are met.
Requirements will vary by account and the offer will expire on September 30.
But the biggest deal you can get is through a Citigold account. And that could go up to $ 1,500.
The only catch is that Citibank requires a minimum balance of at least $ 200,000 in the first 20 days to get the full $ 1,500.
Then you must maintain that minimum of $ 200,000 for an additional 60 days.
But you can still qualify for a bonus of $ 300 if you deposited a minimum of $ 15,000 within 20 days and hold it for an additional 60 days.
If you deposited between $ 50,000 and $ 199,000, you will get up to $ 700.
You can request a Citigold checking account here.
This offer is valid until October 4.
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