Best Bank Promotions 2023 (Get Deals up to $3000 Bonus Offer)

Best Bank Promotions 2023

This 2023, banks are rolling out exciting promotions and bonuses just for you.

From a cash bonus to a virtual wallet with performance benefits, or a promotion exclusively available for eligible account holders, I’ve got you covered!

With banks actively competing to attract new customers and reward their loyal patrons, you can leverage these offerings to enhance your financial journey by staying informed about the best bank promotions.

In this blog, I will explore various banks‘ promotional campaigns, highlighting their enticing cash bonus and reward.

I’ll also take a closer look at virtual wallets with performance incentives.

Now, here are the best bank promotions in 2023!

Chase Bank

Chase Private Client Chase

Private Client offers a bonus of up to $3,000 when you open a new Chase Private Client Checking account and fulfill certain requirements.

It’s one of the best promotional offers from Chase, which is already known for its attractive bank bonuses and promotions.

Of course, the bonus amount depends on the amount you deposit.

To maximize the bank promotion at Chase Private Client, you must open a new Chase Private Client CheckingSM account and fulfill the qualifying activities.

These activities typically involve transferring a specific amount of qualifying new money or securities to eligible checking, savings, and J.P. Morgan Wealth Management non-retirement accounts within 45 days of enrolling.

If you deposit $150,000 – $249,999, you’ll get $1,000, and it can go up to $3,000 if you can deposit $500,000 or more.

Regardless, your bonus will be determined on the 45th day.

Then, you must maintain the newly deposited funds in the eligible account for 90 days from the coupon enrollment date, and the bonus will be added to your account within 40 days.

Expiration Date: 07/19/2023

Chase Total Checking®

Chase Total Checking® is a personal checking account with a $200 bonus.

To qualify for the $200 bonus, simply open a new account, set up direct deposit within 90 days, and receive the bonus within 15 business days.

Remember to maintain the account open for at least six months to retain the bonus.

There is a $12 monthly maintenance fee, but it can be waived by meeting specific requirements.

You can avoid the service fee by having a direct deposit of $500 monthly or more, maintaining a minimum everyday balance of $1,500, or having a merged balance of $5,000 or more across eligible Chase checking savings and other accounts.

You can create your account online or request a coupon to visit a physical location for account opening.

This offer is available nationwide through online channels.

To find branch locations, you can visit locator.chase.com.

Expiration Date: 07/19/2023

Chase Secure Banking™

Chase Secure Banking℠ offers a $100 bonus upon opening an account and fulfilling certain requirements.

To qualify, you must complete ten qualifying transactions within 60 days of opening the account.

These transactions include debit card purchases, online bill payments, Chase QuickDepositSM, Zelle® transfers, and ACH credits.

Once you complete these activities, the bonus will appear in your account within 15 days.

There is no minimum deposit requirement or direct deposit requirement for this offer.

However, keeping the account open for at least six months after enrolling with the coupon is essential, or they will deduct the bonus.

Please note that this account has a monthly fee of $4.95.

To benefit from this offer, you can open an account online.

Make sure to fulfill the qualifying transactions within the specified timeframe to receive the bonus.

Expiration Date: 07/19/2023

BMO Harris Bank

BMO Harris Premier™ Account

Here’s a good deal from BMO Harris.

If your paycheck increases, they’re giving a $500 cash bonus when you open a BMO Harris Premier™ Account.

You just need to deposit at least $7,500 directly into the account within the first 90 days.

That’s all!

This account has a $25 monthly fee, but you’ll also get unlimited free ATM transactions from non-BMO Harris machines and a $25 monthly refund on any ATM fees from other banks.

Plus, BMO Harris has a special ‘Relationship Package.’ The more you bank with them, the more rewards you get across different products.

Your savings accounts are getting better the longer you stick around!

And the best part? This offer is open to everyone, no matter where you are in the country.

Expiration Date: 09/15/2023

BMO Harris Smart Money™ Account

BMO Harris has another fantastic opportunity for you.

Their BMO Harris Smart Money™ Account offers a $300 cash bonus when you open an account.

You just need direct deposits totaling $4,000 or more within the first 90 days.

There’s no fear of overdraft fees or NSF fees.

Plus, you don’t have to worry about a minimum balance requirement.

And if you’re under 25, you can wave goodbye to the monthly maintenance fee too!

These bank account bonuses are a great way to boost your finances and are available to everyone nationwide.

Remember, some conditions apply.

Expiration Date: 09/15/2023

BMO Harris Smart Advantage Account

BMO Harris also offers a $300 bonus when you open a BMO Harris Smart Advantage™ Account and deposit $4,000 or more within the first 90 days.

This account comes with no monthly fee as long as you go paperless with your statements.

And just like a standard savings account, you’re in control as the primary account owner.

Expiration Date: 09/15/2023

PNC Bank

The PNC Bank will give you up to $400 in cash bonus when you open a Virtual Wallet with Performance Select and set up qualifying direct deposits over a specific amount.

The bonus comes in three tiers, each with a different direct deposit requirement and linked to another account type.

All the details you need can be found on the offer page.

If you open a Virtual Wallet with a Performance Spend account and set up total qualifying direct deposits of $2,000+, you’ll get $200.

If you open a Virtual Wallet with a Performance Select account and establish total qualifying direct deposits of $5,000+, you’ll pocket a cool $400.

Each account has its own fee structure, so double-check how to avoid these.

This offer becomes available within days of account opening for residents of California, Texas, Arizona, New Mexico, Colorado, Pennsylvania, Florida, Ohio, West Virginia, Delaware, New Jersey, South Carolina, North Carolina, Georgia, Kentucky, Indiana, Michigan, Illinois, Maryland, Washington D.C., West Virginia, and Wisconsin.

Expiration Date: 06/30/2023

Truist Bank

Truist Bank is ready to hand you $400 just for opening a new Truist Bright, Truist Fundamental, or Truist Dimension checking account.

You might remember Truist Bank as the new name after SunTrust and BB&T merger.

To pocket the $400, just open a new account and make sure you receive two qualifying direct deposits totaling $1,000 or more within the first 90 days of account opening.

Just make sure you don’t already have a personal checking account with Truist Bank or haven’t closed one on or after April 17, 2022.

And don’t worry about the $50 monthly fee on these accounts – you can waive it.

Expiration Date: 07/25/2023

FirstBank Bloom

FirstBank, a bank member FDIC, has branches in Colorado, Arizona, and California, and they’re offering an incredible $300 bonus when you open a FirstBank Bloom Package.

All you have to do is open a Bloom Package, sign up for online banking, and ensure you have at least one qualifying direct deposit of $500 or more for three consecutive months.

Your direct deposit can be from payroll, pension, Social Security, or other recurring government benefits, and it should be a single deposit.

Sign up online or take it to a branch to open your FirstBank Bloom Checking account.

Remember, the account must stay active for at least 12 months to keep your bonus, or else it might be taken back!

Expiration Date: 12/31/2023

PSECU

Pennsylvania State Employees Credit Union (PSECU) will give a $300 bonus, but it comes in a few steps or “levels”:

Level 1: Start by joining PSECU. Visit their site and sign-up.

Once you’re a member, add a free checking account (with a minimum deposit of just $5), get your debit card, and log into digital banking within 30 days to earn a $100 bonus.

Don’t forget to activate your debit card.

Level 2: Next, set up one or more qualifying payroll direct deposits totaling $200 per calendar month within 90 days of becoming a member.

Level 3: Keep your qualifying payroll direct deposit(s) active for 90 days after your initial deposit.

To qualify, you must have attended, graduated from, or worked at a partner college in Pennsylvania or be a state or local government employee.

Even if you have a relative who’s a PSECU member, you can join.

And if none of these apply to you, you can join the Pennsylvania Recreation and Park Society to qualify.

It costs $20, but PSECU will cover $10 of it.

How to Get the $300 bonus?

To get up to a $300 bonus, new members must sign up with a promo code and meet certain conditions:

• Only one new member bonus per tax ID is allowed. (Current members who’ve closed an account within the past 12 months or received a bonus within the past 12 months are not eligible.)
• Those suspected of fraudulent or illegal activity, such as providing false information, won’t qualify for the bonus. If any suspicion arises, PSECU may adjust or remove the deposited bonus.
• A $5 minimum is needed to open and keep an account. (PSECU will cover this $5 deposit for new members, but if the account is closed within the first year, they’ll keep the $5.)
• The account has a current variable rate of 0.50% (as of 2.1.23), and charges or withdrawals may reduce account earnings. The recipient is responsible for any tax on the bonus.

For any tax questions, consult a professional.

Once these are met, PSECU will deposit the bonus into your account within 45 days.

This promotion is for U.S. residents who are 18 or older.

Remember, keeping a minimum daily balance can help you avoid fees on investment accounts!

Expiration Date: 12/31/2023

Fulton Bank

Fulton Bank has two splendid offers for you, modified to the checking account you choose to open.

For $200, Simply open a ‘Simply Checking’ account and either set up a recurring direct deposit of $500 or more within 60 days or make 15 debit card purchases totaling $300 or more within 60 days.

Plus, if you add a ‘Statement Savings’ account and deposit $1,000 of new money within 60 days, you’ll receive an extra $50!

The ‘Simply Checking’ account is quite handy, requiring just $25 to open, no monthly maintenance fees, no minimum balance or transaction requirements, and it comes with a no-annual-fee Relationship Rewards Visa® Debit Card.

And for $300, Open a ‘Relationship Banking’ account and set up a recurring direct deposit of at least $1,500 within 60 days.

This account even pays interest, although it has a $20 monthly fee, except if you maintain a daily minimum balance of $5,000 or combined deposit and investment balances of $25,000.

These offers are available to residents of Delaware, Maryland, New Jersey, Pennsylvania, Virginia, and Washington, D.C.

Expiration Date: 08/31/2023

Fifth Third Bank

Another friendly offer to you is brought to you by Fifth Third Bank.

They have prepared a $225 bonus when you open a new checking account and make direct deposits totaling $500 or more within 60 days of opening your account.

Qualifying accounts include the Fifth Third Essential, Enhanced, Preferred, Free Checking, or Free Checking plus Extra Time.

You can easily make an account online or at a branch.

After you meet the requirements, your cash bonus will be deposited within ten days.

This offer is for new customers, and you’re eligible for one new account-related gift incentive each year!

Expiration Date: 06/30/2023

mph.bank

In mph.bank, you can earn up to $200 with their checking promotion just by meeting some simple requirements over 12 months.

Here’s what you can do:

1. Open a new ‘Spend’ account with mph.bank.
2. Set up a monthly Early Pay into this account.
3. Keep at least $1,000 in your account for three months.

Once you’ve done this, they’ll give you $100!

But wait, there’s more!

Keep your direct deposit and $1,000 average balance steady for the next nine months, and they’ll throw in another $100.

You can choose between the ‘Friends,’ ‘First,’ ‘Fresh,’ or ‘Free’ accounts when you make your account.

Consider the ‘Friends’ account, which has a small $9 monthly maintenance fee.

They will even waive this fee if you use your mphCard for 15 or more monthly purchases.

The ‘Friends’ account also lets you earn interest and refer others to the bank.

You could also opt for the ‘Free’ account, which doesn’t have any fees.

All these can be easily managed using their bank mobile app, so join us today!

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SoFi

SoFi‘s fantastic promotion can bring you home to $250, and it’s pretty simple to do so.

Start by opening a SoFi Checking and Savings Account online.

To qualify for the bonus, you must receive direct deposits of at least $1,000 within 30 days of account opening.

Your bonus will then depend on the total amount you receive through these qualifying direct deposits within this initial month.

Here’s another sweet deal: you’ll also earn a whopping 4.30% APY on your savings account if you have a direct deposit set up and a still impressive 1.20% APY otherwise.

Plus, your checking account will earn 1.20% APY.

So, make sure to take advantage of this!

Expiration Date: 12/31/2023

M&T Bank

In M&T Bank, open a new checking account, receive at least $500 in qualifying direct deposits within 90 days of account opening, and you’ve got yourself a bonus!

The bonus amount depends on the type of account you open, and it will be deposited to your account within 90 days of the direct deposit.

This offer is only available in some places.

So, to check your eligibility and possible bonus amounts, visit the promotional webpage and punch in your ZIP code!

Expiration Date: 08/31/2023

Other Bank Promotions and Bonuses

Unify Financial Credit Union

You can score up to $150 with Unify Financial Credit Union.

All you have to do is open a qualifying UNIFY Checking Account.

This account is free, with no minimum balance fees or direct deposit requirement.

Plus, when you join, you’ll also score a free membership to either the Surfrider Foundation or Friends of Hobbs.

You can easily apply for this account online, but you must meet certain membership requirements.

Easy Steps to Get the Bonus:

• Open a new checking account, and you’ll get $50!
• Establish a repeating ACH Direct Deposit of at least $500 monthly within 60 days, and you’ll receive an additional $50.
• Use your new UNIFY Visa Debit Card for transactions exceeding $5 within the first 60 days of account opening, and earn a bonus of $1 for each transaction (up to a maximum bonus of $50).
• So, whether you’re an existing or prior customer looking for a good deal, the Unify Financial Credit Union has you covered!

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Axos Bank

Open a new Axos Bank Rewards Checking account, and you’re in for a $100 bonus.

To claim this checking account bonus, you need to set up and receive qualifying direct deposits totaling at least $1,500 in one calendar month within the first three months your account is open.

With only a $50 minimum to open the account, it’s easy to get started.

Plus, if you’re after a high-yield savings account, Axos has got you covered.

Their high-yield savings account not only pays interest but also doesn’t require a minimum balance and comes with zero monthly maintenance fees.

Expiration Date: 06/30/2023

Bank of America

Get new bank account bonuses with Bank of America’s special offer.

Earn a cash bonus when you open an account!

Specifically, a $100 Bonus Offer awaits new customers who open a new Bank of America Advantage Account online through a designated promotional page.

The accounts that qualify for this offer are:

Bank of America Advantage SafeBalance Banking® – Needs a $25 minimum opening deposit and a $4.95 monthly service fee.

This fee may be waived for students under 25 or those enrolled in Preferred Rewards.

Bank of America Advantage Plus Banking® – Requires a $100 minimum opening deposit and has a $12 monthly service fee.

Monthly Service Fee and Waiver Options include enrollment in Preferred Rewards, maintaining at least one qualifying direct deposit of $250 or more, or sustaining a minimum daily balance of at least $1,500 each statement cycle.

Bank of America Advantage Relationship Banking® – Requires a $100 minimum opening deposit and a $25 monthly service fee.

The fee may be waived if you maintain a combined balance of at least $10,000 during each statement cycle in eligible linked accounts or are enrolled in Preferred Rewards.

To qualify, the account opening process and steps involve setting up and receiving monthly direct deposits totaling $1,000 or more into your account within 90 days of account opening, fulfilling the qualifying direct deposit requirements.

Expiration Date: 06/30/2023

Alliant Ultimate Opportunity

Alliant has an incredible offer that doesn’t even need a direct deposit!

Here’s how it works:

Just open an Ultimate Opportunity Savings Account, then move $100 a month into this account for a year.

These are not direct deposits, but they’re simple transfers.

After you’ve transferred $100 every month for a year, voila!

Alliant will pop an extra $100 into your account as a bonus.

Don’t want any maintenance fees? Just choose eStatements, and you’re all set.

This could be a neat way to discover online savings account perks and add to your portfolio of bank accounts.

Expiration Date: 12/31/2023

Factors to Consider When Choosing a Bank Promotion

Evaluating Monthly Fees and Maintenance Charges.

Before choosing a bank promotion, looking at the monthly maintenance fee is crucial.

This is an ongoing cost, so finding an account with a low or no monthly payment is a good idea.

Also, understand the criteria to avoid these charges, such as maintaining a minimum balance.

This way, you can keep your banking costs to a minimum.

Minimum Deposit and Balance Requirements.

Banks often require you to make a minimum deposit when opening a new account, and they may also need a minimum balance to be maintained to earn specific benefits or avoid fees.

Ensure these requirements align with your financial abilities before selecting a bank promotion.

Benefits of Direct Deposits and Online Banking.

Some promotions provide extra benefits for setting up direct deposits or using online banking services.

For instance, an online savings account usually offers higher interest rates than a traditional one.

This can maximize your earnings over time.

Prioritizing Cash Bonuses and Rewards

Don’t overlook the importance of a good bank account bonus when considering a promotion.

It’s always nice to get a cash bonus when opening a new account.

This could be a significant amount, depending on the terms and conditions of the promotion.

Savings Account Bonuses

Finally, remember to consider savings account bonuses.

Banks often offer these as an incentive for opening a new savings account.

This could be an excellent opportunity to boost your savings, so consider this when choosing a bank promotion.

Final Thoughts on Best Bank Promotions 2023

This year presents a wide array of enticing bank promotions to attract new customers and reward existing account holders.

From significant cash bonuses to high-interest savings accounts, there is something to suit everyone’s financial needs.

When choosing the best promotion, considering the abovementioned factors is crucial.

But most importantly, it’s essential to select a bank promotion that aligns with your financial goals and lifestyle.

As an account holder, taking advantage of these promotions can maximize your financial growth and strengthen your relationship with your bank.

So, explore the options, and evaluate the offers before getting them.

After all, these bank promotions of 2023 are not just opportunities but stepping stones to your financial success!