1. How Bank Sign-Up Bonuses Work

Banks use sign-up bonuses to attract new customers. You typically need to:

Open a new checking or savings account

Deposit or direct deposit a certain amount within 30–90 days

Maintain a minimum balance for a few months

Once you meet the requirements, the bonus is deposited directly into your account — often within 60 days.

💡 Pro Tip: These bonuses are considered taxable income, so they’ll appear on a 1099-INT form at year-end.

2. Best National Bank Sign-Up Bonuses in 2025

🏦 Chase Bank – Total Checking® + Savings Bonus

Bonus: Up to $900 total ($300 checking + $600 savings)

Requirements: $500+ in direct deposits within 90 days (checking) and $15,000+ deposit (savings)

Availability: Nationwide, both online and in-branch

✅ Why it’s great: One of the highest combined bonuses from a major U.S. bank.

🏦 Wells Fargo – Everyday Checking Bonus

Bonus: $325

Requirements: Receive $1,000+ in direct deposits within 90 days

Availability: Nationwide

✅ Why it’s great: Straightforward offer with an easy deposit threshold.

🏦 Citibank – Relationship Banking Package

Bonus: Up to $2,000

Requirements: Deposit $10,000–$300,000 within 20 days and maintain balance for 60 days

Availability: Nationwide

✅ Why it’s great: High-value option for savers with larger deposits.

🏦 Bank of America – Advantage Banking

Bonus: $200

Requirements: $2,000+ in direct deposits within 90 days

Availability: Nationwide

✅ Why it’s great: Simple structure and solid bonus from a major bank.

🏦 SoFi – Checking & Savings Bonus

Bonus: Up to $300

Requirements: $1,000–$5,000+ in direct deposits

Availability: Online nationwide

✅ Why it’s great: No fees, no minimums, and one of the best mobile apps in fintech.

🏦 Capital One – 360 Checking

Bonus: $250

Requirements: $1,000+ in direct deposits within 60 days

Availability: Nationwide

✅ Why it’s great: Fast approval and no hidden fees.

🏦 PNC – Virtual Wallet®

Bonus: Up to $400

Requirements: Meet qualifying direct deposit thresholds ($500–$5,000)

Availability: Regional coverage

✅ Why it’s great: Combines checking, savings, and budgeting tools in one app.

3. Online Banks and Credit Unions Offering Bonuses

🌐 Discover Bank – Online Savings Account

Bonus: $150–$200

Requirements: Deposit $15,000–$25,000 within 30 days

Availability: Online only

✅ Why it’s great: Excellent for savers; high interest plus bonus.

🌐 Axos Bank – Rewards Checking

Bonus: $300

Requirements: Direct deposit $5,000+ per month for 3 months

Availability: Online nationwide

✅ Why it’s great: High APY rewards checking plus cash bonus.

4. Tips to Maximize Your Bonus

Track deposit dates: Missing a single day can void your bonus.

Avoid early closures: Keep the account open for at least 6 months.

Set reminders: Some bonuses take 60–90 days to post.

Stack wisely: Open one new account at a time to avoid confusion.

💡 Pro Tip: Use a spreadsheet or note app to log deposit amounts, deadlines, and expected payout dates.

5. Tax and Legal Notes

The IRS considers sign-up bonuses interest income, not gifts.

You’ll receive a Form 1099-INT if total interest (including bonuses) exceeds $10.

Always report bonuses on your tax return to avoid issues.

6. The Future of Bank Incentives

With digital banks rising fast, 2025 will see more hybrid bonuses that combine cash rewards with higher APY savings or credit card perks.

Expect banks like Ally, Chime, and U.S. Bank to release limited-time promos throughout the year.

Banks are competing harder than ever for new customers — and in 2025, that means big cash bonuses, higher-yield accounts, and more flexible sign-up perks.

Whether you’re opening your first checking account or moving funds to earn a welcome offer, banks across the U.S. are paying $200 to $2,000 just to bring your business.