How to Make Money

The Best Bank Bonuses and Promotions of 2016

Updated September 26, 2016
by Kyle Taylor
Founder

Disclosure: This post includes affiliate links. We’re letting you know because it’s what Honest Abe would do. After all, he is on our favorite coin. For more information, visit our disclosure page here. 

Ready for a new bank account?

You might be after you see these bonuses.

We found these awesome checking and savings accounts that each will give you huge sign-up bonus — just for creating your account.

1. TD Bank – Earn $300 When You Open a New Premier Checking Account

  • Visit this TD Checking® page and enter your city and state (note: this account is not available in every state)
  • Click the orange “open account” button and follow the instructions.
  • There’s no minimum to open an account, but if you maintain a $2,500 daily average balance, TD Bank will waive the monthly fees.
  • Checking account must be opened online from this web page only. Set up direct deposits to put $2,500 or more into the account within 60 days of opening it and the bank will give you a $300 bonus.

Or…

Earn $150 When You Open a New Convenience Checking Account

  • Visit this TD Checking® page and enter your city and state (note: this account is not available in every state)
  • Click the orange “open account” button and follow the instructions.
  • There’s no minimum to open an account and TD Bank will waive the $15 monthly fee if you keep a daily balance of at least $100.
  • Checking account must be opened online from this web page only. Set up direct deposits to put $500 or more into the account within 60 days and the bank will give you a $150 bonus.

2. Chase – Earn a $150 Bonus When You Open a New Checking Account and an Additional $100 Bonus When You Open a Savings Account*

Visit this Chase Total Checking® page and enter your email address to get a unique coupon. You’ll need this coupon in order to get the bonus.

  • Just bring your bonus coupon to any Chase branch to take advantage of this offer. It expires on 10/15/16, so you’ll need to complete the application before then.
  • Get a $150 bonus when you open a new Chase Total Checking® account and set up direct deposit. You must make the direct deposit into your account within the first 60 days.
  • Get a $100 bonus when you open a new Chase Savings(SM) account, deposit a total of $10,000 or more in new money within 10 days, and maintain a $10,000 balance for 90 days. You’re not required to open the savings account to earn the $150 Chase checking bonus.

3. SunTrust – $250 Bonus Offer

  • Visit SunTrust for all the offer’s details.
  • Open a new checking account and deposit at least $100 before September 19.
  • Within 60 days, make at least $500 in direct deposits.
  • A $125 bonus will be deposited into your account within eight weeks.
  • Earn an additional $125 for maintaining monthly direct deposits of $500

Good luck, Penny Hoarders!

Your Turn: Have you found any great bank sign-up bonuses in 2016? Share them in the comments!

*Chase Fine print:

Checking offer is not available to existing Chase checking customers, those with fiduciary accounts, or those whose accounts have been closed within 90 days or closed with a negative balance. To receive the $150 checking bonus: 1) Open a new Chase Total Checking account, which is subject to approval; 2) Deposit $25 or more at account opening; AND 3) Have your direct deposit made to this account within 60 days of account opening.  Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. After you have completed all the above requirements, we’ll deposit the bonus in your new account within 10 business days. You can only receive one new checking account-related bonus per calendar year. Bonus is considered interest and will be reported on IRS Form 1099-INT.

**Account Closing: If your checking account is closed within six months after opening, we will deduct the bonus amount at closing.

*Aspiration Fine print:

Rebate and “ Do Good Dollars” applies to anyone who signs up for the Aspiration waitlist through the Penny Hoarder by Sept. 30, 2016, activates debit card by Nov. 31, 2016 and is in good standing through the date of payment on Dec. 10th, 2016. Funding failures will render account illegible.

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by Kyle Taylor
Kyle is the founder of ThePennyHoarder.com

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