This guide simplifies the process of qualifying for bank bonuses from several major banks. To be eligible for these rewards, you must usually be a new customer and meet certain requirements. Comparing the bonuses available at various institutions can help you make an optimal choice.
To earn a Chase Bank bonus, you need to be a new customer, i.e., if you have had a Chase checking account in the past 90 days or closed one with negative balance in the last three years, you're not eligible. Furthermore, if you've received a bonus from Chase within the past two years, this offer is not for you.
If you're considering SoFi, be aware that you must be over 18 to open an account. Both existing and new members who have never enrolled for direct deposit may qualify for cash bonuses, which vary based on the total eligible direct deposits received during a specified timeframe. SoFi does not charge maintenance or service fees, but transaction fees apply to certain transfers.
Huntington Bank bonuses are limited to residents of specific states, and existing customers or those who have closed an account within the past year do not qualify. Similarly, eligibility for Wells Fargo bonuses excludes existing customers and those who had a checking account bonus in the preceding year.
PNC Bank's offer is unavailable to any existing checking account holder or anyone who has closed an account within the last year. If you have received a promotional or bonus offer from PNC Bank in the last 24 months, you are not eligible for this bonus.
To receive a U.S. Bank bonus, you must be a new business checking account customer, and having had a business checking account within the last year disqualifies you.
Finally, eligibility for Huntington Bank's business checking account bonuses requires state-specific residency, and having an account in the past year excludes you from eligibility.