Many banks offer a direct deposit bonus to new customers that open a new checking account. However, most checking account bonus offers are typically restricted to the location where the bank does business.
Luckily there are online banks doing business nationwide that offer a way for everyone, no matter where you are in the United States, to get some free cash just by opening a new bank account.
Discover the best bank bonuses for this month and use your direct deposit to earn a bonus.
Top Banks With Direct Deposit Bonus Offers
1. SoFi Checking & Savings Account - $325 Bonus
2. Upgrade Rewards Checking Plus - $150 Bonus
3. Axos Bank® Rewards Checking - $300 Bonus
4. Chime -$100 Bonus
How To Choose A Bank?
Banks offer many different types of accounts for people of all ages and income levels. It’s important to consider several factors when choosing a bank, including fees, interest rates, and other features.
Consider the type of account you want (checking, savings, money market, etc.), whether you want online banking, and any other special feature like unlimited free ATM transactions.
Fees are also important to consider. Many banks charge monthly maintenance fees, so make sure you understand what those fees will cost before opening an account.
Final thoughts
Banks want your money and are willing to pay you to get it.
When you couple a bank bonus offer with a full-service online bank, you'll have a great place to grow your money with typically higher interest rates. Online banks tend to offer higher rates than brick-and-mortar banks because they usually have fewer overhead costs.
Currently, the national savings rate is 0.46% APY according to the FDIC while you can earn up to 5.00% APY with online savings accounts.
The bottom line is that when choosing a bank, find one that suits your needs.