These Five Banks Will Pay You to Open an Account

When deciding whether or not to switch banks, or even just open a new account at your current financial institution, the task of choosing the right one can seem daunting. That's why many banks offer incentives (like a cash bonus) to open an account—after all, a little something to sweeten the deal can go a long way. But when applying for any new offers, it's important to carefully read all of the fine print, as interest rates, service fees, terms, conditions, and other qualifying details may apply. Ahead, a list of national banks and banking apps that offer an incentive for signing up.

Citi Banking

Citi Banking is running an online promotion until October 4, 2021, for users to open a new checking account. The cash rates earned are anywhere from $300, $700, to $1,500 depending on the minimum deposit balance as well as a minimum balance.

PNC Bank

If you opt to open a Virtual Wallet with PNC Bank, you can earn up to $300. The promotion offers users $50 for a Virtual Wallet account, $200 for Virtual Wallet Performance Spend, and $300 for Virtual Wallet Performance Select. As stated on the promotional offer, users can earn $200 when funding a direct deposit total qualifying $2,000 or more in their "Spend" account.

Huntington National Bank

Huntington has a very green offer to potential new customers. Here, it's possible for a new account to earn $150 or $200. To reap the $150 rewards of opening a new Huntington Asterisk-Free Checking account, members must open a new qualifying between July 1 and October 7, 2021. There must be a cumulative new money deposit into the Huntington Asterisk-Free Checking account of $1,000 or more within 60 days of opening the account. Another requirement is that the account must keep an open status for at least 90 days before the owner receives the reward payment.

To qualify for the $200 cash bonus with a Huntington 5 Checking account, new account holders are to open a qualifying account between July 1 and October 7, 2021. There must be a cumulative new money deposit into the Huntington Asterisk-Free Checking account of $1,000 or more with 60 days of opening the account. Another requirement is that the account must keep an open status for at least 90 days before the owner receives the reward payment.

Chase Bank

With qualifying banking actions, Chase Bank is promoting $100 for new Case Checking Accounts for their Chase Secure Banking account. To qualify, new accounts must complete 10 qualifying transactions within 60 days of signing up. The offer is valid until October 18, 2021.

Chime

Online banking app, Chime is enticing new members with a $75 referral reward to refer others to join their Chime Spending Account. Here, $75 is received with a qualifying direct deposit of $200 or more with the first 45 days of opening. To qualify, the referrer is a part of Chime's SpotMe Referral Incentive and the person being referred doesn't already have a Chime Spending Account.