Top Bank Account Incentives Offered in May 2025

Top Bank Account Incentives Offered in May 2025

If you're on the hunt for a new online savings or checking account, you might be in luck! Some financial institutions are offering additional financial incentives to attract your funds. Here's a rundown of the current account bonuses available:

Checking Account Bonuses

1. Chase Private Client Checking Bonus
2. Bonus Amount: $1,000, $2,000 or $3,000
3. Eligibility: Individuals with substantial assets (minimum $150,000 to $500,000)
4. Requirements:
   • Schedule a meeting with a Private Client Banker.
   • Deposit between $150,000 and $500,000 within 45 days of account opening.
5. Additional Details: You'll receive the required deposit amount in bonuses depending on the deposit amount you make[1].
6. Huntington National Bank Bonus
7. Bonus Amount: $400 or $600
8. Eligibility: New Perks or Platinum Perks Checking account holders in eligible states (Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, West Virginia, and Wisconsin)
9. Requirements:
   • Open a Perks or Platinum Perks Checking account and receive at least $500 worth of qualifying direct deposits within 90 days.
10. Additional Details: Open a Perks account and get $400, or open a Platinum Perks account and get $600[1].
11. BMO Checking Account Bonus
12. Bonus Amount: $400
13. Eligibility: New Smart Advantage or Smart Money Checking account holders
14. Requirements:
    • Open either the BMO Smart Advantage or Smart Money Checking account.
    • Receive $4,000 worth of qualifying direct deposits within the first 90 days of opening the account.
15. Additional Details: BMO Smart Money Checking account has a $5 monthly fee for individuals 25 years and older[1].
16. PNC Bank Bonus
17. Bonus Amount: $100, $200, or $400
18. Eligibility: New Virtual Wallet, Virtual Wallet with Performance Spend, or Virtual Wallet with Performance Select account holders
19. Requirements:
    • Earn the bonus amount based on the tier of the Virtual Wallet account you choose and the amount of qualifying direct deposits you receive within 60 days of account opening.
20. Additional Details: All tiers have maintenance fees, which can be waived under certain conditions[1].
21. KeyBank Sign-Up Bonus
22. Bonus Amount: $300
23. Eligibility: New Key Smart Checking account holders
24. Requirements:
    • Open a new Key Smart Checking account and make one direct deposit of at least $1,000 within the first 60 days of opening the account.
25. Additional Details: Set up automatic transfers, but the standard savings account from KeyBank has a lowinterest rate[1].
26. SoFi Checking and Savings Account Bonus
27. Bonus Amount: $50 or $300
28. Eligibility: New SoFi Checking and Savings account holders receiving direct deposits
29. Requirements:
    • Receive between $1,000 - $4,999 in direct deposits to earn a $50 bonus, or $5,000 or more in direct deposits to earn a $300 bonus.
30. Additional Details: Direct deposit is required for the higher APY in the savings account[1].
31. Chase Total Checking Bonus
32. Bonus Amount: $300
33. Eligibility: New Chase Total Checking account holders
34. Requirements:
    • Open a Chase Total checking account on the bonus offer page and make qualifying direct deposits of at least $500 during the first 90 days.
35. Additional Details: Tiered maintenance fees apply[1].
36. Chase College Checking and Secure Banking Bonus
37. Bonus Amount: $100
38. Eligibility: New College Checking or Secure Banking account holders
39. Requirements:
    • Complete 10 eligible transactions within 60 days of account opening.
40. Additional Details: Both accounts have fees, which can be waived under certain conditions[1].
41. TD Bank Bonus
42. Bonus Amount: $300 or $200
43. Eligibility: New TD Beyond Checking or TD Complete Checking account holders
44. Requirements:
    • Open the chosen account and receive at least $2,500 or $500 worth of eligible direct deposits within 60 days of account opening.
45. Additional Details: Both accounts have maintenance fees, which can be waived under certain conditions[1].
46. Capital One 360 Checking Account Bonus
47. Bonus Amount: $250
48. Eligibility: New 360 Checking account holders
49. Requirements:
    • Open a new 360 Checking account on the Capital One promotional page, receive two eligible direct deposits of at least $500 in the first 75 days, and meet other requirements.
50. Additional Details: This account earns a small interest rate, and you can find higher yields elsewhere[1].

Savings Account Bonuses

The NerdWallet article only mentions checking account bonuses, so we couldn't find specific savings account bonuses to list here. However, some banks may offer combined checking and savings account bonuses. Be sure to check with individual banks for details.

Other Bank Account Incentives

Don't forget to check out other incentives, such as bonuses offered for opening a brokerage account[1].

Things to Keep in Mind

Always review the terms and conditions of each offer before opening an account, and ensure you meet all eligibility criteria and requirements to receive the bonus. Some bonuses may require maintaining a minimum balance or completing specific transactions within a certain timeframe. Research each bank and choose the account that best fits your banking needs.

1. In the banking-and-insurance industry, some financial institutions provide incentives for opening savings accounts as well, so it's essential to research and compare the offers.
2. While browsing checking account bonuses, don't forget to explore additional incentives like those for opening brokerage accounts, which could be offered by certain banking institutions within the finance sector.

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