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27 Best New Bank Account Promotions & Offers – February 2021

It’s possible to make $100s just by opening up a new bank account. But sorting through the best offers can be tricky. There’s no shortage of enticing opportunities for banking clients right now.

We’re happy to do the work for you. The Money Crashers team combs through hundreds of bank account deals every month to find you the most lucrative sign-up bonuses – some worth up to $1,000 or more.

Don’t want to miss out? Read on for our roundup of the best bank promotions for this month and the requirements you must meet to qualify for each. Most are available to new customers in all 50 states, but a few have geographical restrictions to bear in mind.

Top Bank Account Promotions for February 2021

These are the top bank promotions active right now. They include a mix of high-yield checking accounts and high-yield savings accounts.

Many are available through popular brick-and-mortar and online banks that also offer competitive yields on other types of deposit accounts, such as money market accounts and certificates of deposit (CDs).

And if you’re in the market for a new home loan or personal loan, opening a deposit account with one of these banks could entitle you to special privileges, like reduced closing costs and lower interest rates.


1. TD Bank Beyond Checking℠ – $300 Cash Bonus

td bankApply online for a new TD Bank Beyond Checking account, and you’ll get a $300 cash bonus once you receive direct deposits of more than $2,500 within 60 days. To qualify for this offer, you must be a U.S. resident and apply for the offer online.

The Beyond checking account typically includes a $25 monthly maintenance fee, but it’s waived with monthly direct deposits of $5,000 or more, a minimum daily balance of $2,500, or a combined balance of $25,000 across your eligible TD accounts.

This offer is available to residents of the following states: CT, DE, DC, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT, VA.

Apply Now


2. TD Bank Convenience Checking℠ – $150 Cash Bonus

td bankAs an alternative to the TD Bank Beyond Checking offer above, you can apply online for a new TD Bank Convenience CheckingSM account, which has a much lower minimum balance requirement. You’ll get a $150 cash bonus once you receive direct deposits of more than $500 within 60 days.

To qualify for this offer, you must be a U.S. resident and apply for the offer online. The Convenience Checking account typically includes a $15 monthly maintenance fee, but it’s waived if you keep a low minimum daily balance of at least $100.

Students and young adults ages 17 through 23 qualify for additional perks, such as no monthly maintenance fee and no minimum balance requirements.

This offer is available to residents of the following states: CT, DE, DC, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT, VA.

Apply Now


3. Chase Total Checking® – $200 Bonus

chase bank logoOpen a new Chase Total Checking® account and make a qualifying direct deposit within 60 days. You’ll then receive a $200 bonus within 10 business days.

There is a $12 monthly fee, but it’s waived if you meet at least one of the following criteria in each monthly statement period:

  • Execute direct deposits totaling $500 or more made to the account.
  • Maintain a $1,500 minimum daily balance.
  • Maintain an average daily balance of $5,000 or more in qualifying linked deposits or investments.
  • Pay at least $25 or more in qualifying checking-related services or fees.

To receive this bonus, you can either apply online using the link above or enter your email here and take the coupon to a local Chase branch. You must apply by April 14, 2021.

Chase has ATMs and branches in the following states: AZ, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, KY, LA, MA, MI, NV, NJ, NY, OH, OK, OR, TX, UT, WA, WV, WI. This offer is available online nationwide, except for residents of AK, HI, and PR.

Apply Now


4. HSBC Premier Checking – Up to $600 Cash Back

hsbcOpen a new HSBC Premier Checking account and set up qualifying direct deposits to earn 3% cash back on qualifying direct deposits during the first six months your account is open, up to $600 total cash back ($100 maximum per month).

To earn the bonus, open your new Premier Checking account by March 31, 2021, and set up qualifying third-party direct deposits (at least one per calendar month) to your HSBC Premier checking account(s) per calendar month. You’ll earn 3% cash back on each qualifying direct deposit, up to $100 total per month and $600 total during the first six months your account is open. After completing the qualifying activities each month, you’ll receive your cash back for the month in your Premier Checking account within eight weeks.

Moving forward, avoid the $50 monthly maintenance fee by making recurring direct deposits totaling at least $5,000 per month or maintaining a combined minimum balance of $75,000 across all eligible personal and investment accounts.

Deposit products are offered in the U.S. by HSBC Bank USA, N.A., member FDIC.

Apply Now


5. HSBC Premier Checking – $450 Welcome Offer

hsbcHSBC has another great offer for new Premier Checking customers.

Here’s how it works. Get a $450 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete the following qualifying activities.

  • Open your new HSBC Premier checking account online by March 31, 2021; and
  • Make recurring monthly Qualifying Direct Deposits totaling at least $5,000 from a third party to your HSBC Premier checking account(s) for three consecutive calendar months from the second full calendar month after account opening.

You will automatically receive the $450 Welcome Deposit in your new HSBC Premier checking account approximately eight weeks after completing all qualifying activities. It’s that simple.

Deposit products are offered in the U.S. by HSBC Bank USA, N.A., member FDIC.

Apply Now


6. HSBC Advance Checking – Up to $240 Cash Back

hsbcOpen a new HSBC Advance Checking account and set up qualifying direct deposits to earn 3% cash back on qualifying direct deposits during the first six calendar months your account is open, up to $240 in total bonus cash ($40 total bonus cash per month).

Here’s how to do it. First, open your account by March 31, 2021. Then, set up at least one recurring monthly direct deposit from a qualifying third-party payee for at least three consecutive months. You’ll earn 3% on these qualifying direct deposits, up to $240 in total bonus cash during the six-month bonus period, and up to $40 in total bonus cash per month. You’ll receive your bonus within eight weeks after completing each month’s qualifying activities.

Moving forward, you can avoid the $25 monthly maintenance fee by doing one of the following:

  • Maintaining a $5,000 daily balance in combined personal and investment accounts;
  • Making a monthly recurring direct deposit into the account from a third party; or
  • Holding an HSBC U.S. residential mortgage loan.

Deposit products are offered in the U.S. by HSBC Bank USA, N.A., member FDIC.

Apply Now


7. HSBC Advance Checking – $200 Welcome Offer

hsbcHSBC Advance Checking has a solid welcome offer as well.

Here’s how it works. Get a $200 Welcome Deposit for eligible new customers who open a new HSBC Advance checking account and complete the following qualifying activities.

  • Open your new HSBC Advance checking account online by March 31, 2021; and
  • Make recurring monthly Qualifying Direct Deposits totaling at least $500 from a third party to your HSBC Advance checking account(s) for three consecutive calendar months from the second full calendar month after account opening.

You will automatically receive the $200 Welcome Deposit in your new HSBC Advance checking account approximately eight weeks after completing all qualifying activities. It’s that simple.

Deposit products are offered in the U.S. by HSBC Bank USA, N.A., member FDIC.

Apply Now


8. Citibank – $700 Cash Bonus

citibank logoFor a limited time, earn a $700 checking and savings account bonus when you open new checking and savings account with Citibank and complete all required activities. Here’s how:

  • Open new eligible checking and savings accounts in the Citi Priority Account Package during the offer period.
  • Deposit $50,000 or more in funds new to Citibank between the checking and savings accounts within 30 days of account opening.
  • Keep a minimum balance of $50,000 between the two accounts for 60 consecutive calendar days thereafter.

After completing all qualifying activities, you’ll receive the $700 bonus in your account within 90 calendar days. You must apply from the offer page linked below to earn this offer.


9. Aspiration – $100 Bonus

Aspiration LogoOpen a new Aspiration Spend & Save account and make at least $1,000 in cumulative purchases with your debit card during the first 60 days to earn a $100 cash bonus. Allow up to 120 calendar days from your account opening date for the credit to post to your Aspiration Spend & Save Account. Your account must be open and in good standing through the credit date.

Apply Now


10. Chase Business Complete Checking – $300 Bonus

Chase Bank LogoSmall-business owners (including sole proprietors) can take advantage of an attractive offer: $300 for new Chase Business Complete Checking customers who open an account and complete qualifying activities.

To qualify for this opportunity, simply open a new Chase Business Complete Checking account with qualifying activities. No minimum opening deposit is required. Moving forward, enjoy multiple ways to waive the $15 monthly service fee.

Chase has ATMs and branches in the following states: AZ, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, KY, LA, MA, MI, NV, NJ, NY, OH, OK, OR, TX, UT, WA, WV, WI. This offer is available online nationwide, except for residents of AK, HI, and PR.

Apply Now


11. SoFi Money – Up to $100 Cash Bonus

SoFi ReviewOpen a new SoFi Money account and complete qualifying activities to earn a cash bonus worth up to $100. Here’s how it works:

  • Open your new account and deposit $100 to earn $25
  • Set up a direct deposit worth at least $500 to earn an additional $75

That’s all you have to do to claim $100 in total bonus money. Moving forward, you’ll enjoy FDIC insurance on balances up to $1.5 million and an enviable lineup of perks exclusive to SoFi account holders.

Learn More


12. Bank of America Advantage Banking – $100 Bonus Offer

Bank of America Advantage BankingBofa New Logo 7 22 20 is an innovative checking account with a great bonus offer for new account holders.

See offer page for more details.

Bank of America Advantage Banking is a checking account with three settings: Advantage SafeBalance, Advantage Plus, and Advantage Relationship. Pick the one that works for you right now, and if your life changes, switch to another setting that fits the new you. It’s that simple.

  • Easy, Anytime Access: Visit Bank of America at thousands of financial centers and ATMs.
  • 24/7 Security: Total Security Protection® and fraud monitoring.  Safer sign-in, card locking features, and more.
  • Convenient Ways to Pay: Use your debit card or a digital wallet.
  • Smart Money Management Tools: Set custom alerts and savings goals.  Get cash-back deals and rewards customized for you.
  • Unauthorized Transactions: Bank of America’s $0 Liability Guarantee means that you’re not liable for unauthorized transactions made using your consumer debit card, as long as you report them promptly.
  • Debit Card Controls: Lock a missing card quickly and easily to prevent unauthorized use.
  • Custom Alerts: Know now and react fast to important account changes.  You can set custom alerts via email or text for things like a low balance, a pending deposit, an upcoming bill, and more.

Apply Now

Bank of America, N.A. Member FDIC.


13. Axos Bank Basic Business Checking – $100 Welcome Offer

Axos Bank LogoIf you incorporated your business after June 1, 2020, you may qualify for a $100 welcome bonus when you apply for and open a new Axos Bank Basic Business Checking account.

Here’s how to qualify:

  • Apply for your new Axos Bank Basic Business Checking account by March 31, 2021, using the promo code “NEWBIZ100”.
  • Deposit at least $2,500 in new money into your account.
  • Maintain an average daily balance of at least $2,500 during the first two months.

After completing the qualifying activities, you should receive your bonus within five business days. Your account must remain open for at least 180 days to avoid the $50 early closing fee.

Apply Now


14. Brex Cash — 50,000 Bonus Points

Brex LogoBrex Cash has a fantastic account opening offer for new customers, one that’s super easy to achieve.

To earn 50,000 bonus points, all you need to do is open a new Brex Cash account and spend $1,000 on purchases. That’s it.

Moving forward, you’ll pay no account fees and won’t be held to any minimum daily balance requirements. Plus, enjoy value-added perks worth as much as $150,000 and a generous ongoing rewards program.

Learn More


15. Acorns – $10 Bonus

Acorns LogoNew Acorns users qualify for an easy $10 with an eligible new account. Here’s how the promotion works:

  • Sign up with Acorns and open a new investment account.
  • Make your first investment in the new account (minimum $5).

That’s all you need to do to receive your $10 bonus. Upgrade to Acorns Personal ($3 per month) to take advantage of a slew of additional features, including a tax-advantaged retirement account and a checking account that promises up to 10% bonus investments on select purchases.

Apply Now


16. Bask Bank – 1,000 Bonus AAdvantage® Miles

Bask Bank LogoBask Bank offers a great opportunity for new account holders to earn American Airlines AAdvantage® miles during the first year after opening a Bask Savings Account.

Here’s how it works:

  • Deposit $5,000 in new money (funds not previously deposited with Bask Bank or its affiliates) into your new Bask Savings Account within 30 days of opening.
  • Maintain a $5,000 minimum balance in the account for at least 90 consecutive days within the first 120 days of account opening and you’ll receive 1,000 AAdvantage® miles.

Bask Bank awards bonus miles within 10 business days of confirming you’ve met the bonus requirements. Allow up to eight weeks for miles to post to your AAdvantage® account.

The value of this offer will be reported to the IRS and the recipient is responsible for any federal, state, or local taxes on this offer.

Apply Now

Bask Bank and BankDirect are divisions of Texas Capital Bank, N.A. Member FDIC. The sum of your total deposits with (i) Bask Bank; (ii) BankDirect; and (iii) Texas Capital Bank, N.A. are insured up to $250,000.  Additional coverage may be available depending on how your assets are held.


17. Wise — $100 Credit After Sign-up

Wise5e961d64942a2f00f64d30dc Primary P 800 is a user-friendly business banking and payments solution with an impressive offer — a $100 credit — for new account holders. All you need to do to claim it is open your account during the offer period and spend $1,000 on your Wise card within the first 30 days.

Moving forward, all Wise balances earn a 0.5% base incentive, credited monthly. Card purchases earn an additional cash-back incentive of 0.1% per $1,000 spent, up to 0.5% maximum on a $5,000 monthly spend. For most business users, that’s more than enough to offset the $10 monthly fee.

Apply Now


18. U.S. Bank — Up to $400 Cash Bonus

U.S. Bank is offering a cash bonus worth up to $400 for new checking account customers who open a Platinum, Gold, or Easy Checking package and complete the required qualifying activities.

To earn any bonus, you must open a qualifying new checking account by March 31, 2021, and enroll in e-statements by April 14, 2021. You must also complete at least two recurring direct deposits within 60 days of account opening. Bonuses are calculated based on cumulative deposit value:

  • $100 Bonus: Direct deposit value between $1,000 and $1,999.99
  • $200 Bonus: Direct deposit value between $2,000 and $3,999.99
  • $400 Bonus: Direct deposit value greater than $4,000

You should receive your full bonus amount within 60 days of direct deposit and e-statement verification. Your account must be open with a positive balance to receive the bonus.

Apply Now


19. SkyOne Federal Credit Union – Up to $525 Gift Card Bonus

Open a SkyOne Federal Credit Union membership with a qualifying account for the opportunity to earn up to $525 in Amazon gift cards. Here’s how this two-part promotion works:

  • First, apply for SkyOne membership and open a new eligible account with a $5 opening deposit. You’ll earn a $25 Amazon gift card just for opening your account and keeping it open in good standing for 30 days. You can open in-branch or online, but you must use the promo code “Ernesto” to secure the bonus.
  • Next, refer friends to SkyOne. For each successful referral, you’ll earn another $25 Amazon gift card, up to $500 in total gift card bonuses each year. A “successful referral” counts as an account opened in-person or online that remains open and in good standing for at least 30 days.

The account opening bonus is a one-time offer only, but you can earn up to $500 in gift cards every year with successful referrals. Moving forward, you must maintain a balance of at least $500 to earn dividends.

Apply Now


20. SunTrust Bank Checking & Savings Combo – Up to $1,000 Cash Bonus

For a limited time, open new eligible SunTrust Bank checking and savings accounts simultaneously (on the same day) using the promo code “CHKSAVQ121” and complete qualifying activities to earn a cash bonus worth up to $1,000.

Here’s how it works:

  • Open a new eligible SunTrust personal checking account (Advantage Checking or Essential Checking).
  • Complete qualifying direct deposits totaling at least $500 within 90 days of account opening.
  • Open any new eligible SunTrust savings or money market account and deposit a qualifying balance within 30 days.
  • Maintain the qualifying balance in the savings or money market account for at least 90 days from account opening.

SunTrust calculates your cash bonus based on how much you deposit into your new savings or money market account. The balance tiers are as follows:

  • Less than $10,000: $300 cash bonus
  • $10,000 to $24,999.99: $400 cash bonus
  • $25,000 to $49,999.99: $600 cash bonus
  • $50,000 to $99,999.99: $800 cash bonus
  • $100,000 or more: $1,000 cash bonus

You should receive your bonus within four weeks of completing the qualifying activities, contingent upon SunTrust’s verification.

Apply Now


21. SunTrust Bank Essential Checking – $200 Cash Bonus

Not ready for a new savings account? You can still open a new SunTrust Bank Essential Checking account using the promo code “CHECKINGQ121” and complete qualifying activities to earn a $200 cash bonus.

Here’s how it works. Open a new Essential Checking account using the promo code above by March 31, 2021. Then, within the first three months of opening your account, complete at least $500 in qualifying direct deposits.

Once you’ve completed the qualifying activities, the $200 bonus will be deposited into your account within eight weeks. Moving forward, you can avoid the $7 monthly maintenance fee by doing one of the following:

  • Make $500 or more in total qualifying direct deposits each month.
  • Hold $500 total in daily collected balances in your account.
  • Opening the account as a student and qualifying for a five-year student waiver.

Additionally, depending on your total relationship balance with SunTrust, you could qualify for a loyalty cash bonus of up to 10%.

This offer applies to new SunTrust checking customers. New customers are defined as those without existing accounts or accounts closed within the past 180 days living in states in which SunTrust Bank has branches: AL, AR, FL, GA, MD, MS, NC, SC, TN, VA, DC & WV. Check SunTrust Bank’s website for availability in your area.

Apply Now


22. Regions Bank – Up to $100 Cash Bonus Each Year
regions bank

Open a new checking account at Regions Bank, either online or at a branch. Then open a Regions LifeGreen Savings Account with an opening deposit of $50 or more. Then, set up a recurring monthly transfer of $10 or more from your Regions checking account to your LifeGreen Savings Account and complete at least 12 monthly transfers.

Every year, you’ll receive a 1% savings bonus on your account anniversary date, based on your account’s average monthly balance for the preceding 12 months, up to the max annual savings bonus of $100. Your bonus should be deposited into your account on the business day following your anniversary date.

Apply Now


23. SoFi Money – $50 Referral Bonus

SoFi Money has another account opening offer worth writing home about.

Here’s how it works. Open a new SoFi Money account, then refer friends to open accounts of their own to earn $50 per referral. The referred party may be eligible to earn a new account bonus, as well. The amount of the referral bonus is subject to change without notice but is currently $50 for both parties. You can earn up to $10,000 with this offer – if you have enough contacts to refer.

To begin referring new account holders to SoFi Money, open the “Refer a Friend” tab in your SoFi Money app and copy your unique link. Then, send the link to whoever you’d like to refer via social media, email, or whatever’s most convenient. For a referral to be successful, the referred party must open and fund a new SoFi Money account with $100 in new money within 14 days of receiving the link.

SoFi Money is a high-yield cash management account. Read all disclosures for current rate and balance information.

Learn More


24. Citizens Bank — Up to $400 Checking Bonus

New Citizens Bank customers can take advantage of an attractive checking account bonus offer with two parts. Here’s how it works:

  • First, open your first new personal checking account by May 13, 2021, and execute a direct deposit of $500 or more within 60 days. You’ll receive a $300 bonus for completing this step.
  • Second, complete up to 50 qualifying debit card purchases within the first 60 days your account is open. You’ll receive a $2 bonus for each purchase, up to $100 in total potential bonus cash.

To qualify, you must not be a signer on any Citizens Bank account within the past six months. You should receive the bonuses within four months of completing the relevant qualifying activities.

Apply Now


25. Citizens Bank — $1,000 Bonus for College Savings

citizens bank logoCitizens Bank is currently offering a $1,000 bonus (plus interest) for those who sign up for a CollegeSaver savings account, an easy, manageable savings plan that will help you meet your college savings needs.

It’s an interest-bearing account, and if you open it before your child’s 12th birthday and save the monthly minimum amount every year, you’ll receive a $1,000 bonus (plus interest) when your child turns 18. Opening an account before your child turns 12 will only increase the savings.

This offer is only available in states where Citizens Bank has a physical presence, mostly in the northeastern U.S. Check Citizens Bank’s website for availability and other restrictions.

Apply Now


26. SunTrust Business Checking — $200 Bonus Cash

Suntrust LogoSunTrust, a financial institution based in the southeastern United States, has a great account opening promotion worth $200 for small-business owners. Here’s how it works:

  • Open a new eligible SunTrust business checking account (Simple Business Checking, Primary Business Checking, or Business Advantage Plus) by March 31, 2020.
  • Within 30 days of your account opening date, make cumulative qualifying minimum deposits of $1,500 or more into the account.

You should receive your reward within eight weeks of completing these requirements. Once your account is open, you’ll pay no monthly maintenance fees for the first two statement cycles. The offer page has more information about avoiding monthly maintenance fees after this promotional period ends.

This offer is for new customers only and is only available in states where SunTrust has a physical branch presence.

Apply Now


27. PNC Bank Business Checking — $200 Cash Bonus

Pnc Bank LogoNew PNC Bank business checking account holders may qualify for a $200 bonus offer available through the end of the first quarter of 2021. Here’s how it works:

  • Open an eligible account (Business Checking or Business Checking Plus) by March 31, 2021.
  • Maintain a $5,000 (or greater) average cycle balance (account balance) for each of the first three statement cycles.
  • Complete 20 or more total qualifying debit card transactions within the first three statement cycles.

You should receive a $200 cash bonus in your new account within 90 days after completing these qualifying activities. Moving forward, you may be able to waive monthly maintenance fees for Business Checking and Business Checking Plus.

This offer is available nationwide.

Apply Now


Final Word

Take your pick of these bank promotions. You’ve earned them. But don’t let bank account bonuses have the last word on where you choose to bank.

When choosing a bank, it’s important to find one that suits your needs – whether that’s favorable interest-bearing accounts, low or no fees, overdraft protection, access to potentially lucrative cash-back credit cards, or mobile-friendly online banking features. Bank account promotions for new customers are wonderful, but taking advantage of permanent perks is a long-lasting bonus in its own right. You deserve a bank that’s willing to work every day to earn your business.

Editorial Disclosure: This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program.

Brian Martucci
Brian Martucci writes about credit cards, banking, insurance, travel, and more. When he's not investigating time- and money-saving strategies for Money Crashers readers, you can find him exploring his favorite trails or sampling a new cuisine. Reach him on Twitter @Brian_Martucci.

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