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The 11 Best Bank Promotions of July 2021 (Up to $450 Cash)

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So, you’re looking for a new bank account.

You’ve got several factors to consider — ATM access, interest rates, monthly fees, minimum balances, mobile app reviews, and more.

Another factor to consider: bank promotions. These are cash bonuses you can earn when opening a new checking or savings account with a bank or credit union during the promotion window, meeting any specific criteria and keeping the account open at least long enough to earn the extra cash.

While a savings or checking bonus shouldn’t be your top reason to choose a bank, don’t rule it out entirely. After all, wouldn’t it be nice to fund your shiny new account with some extra cash?

Many banks offer such sign-up bonuses, but often, these bonuses aren’t advertised, meaning finding the best bank account bonuses can be tricky. That’s why we did some digging for you and found some hefty cash offers.

Best Bank Promotions of July 2021

We’ve researched the best cash bonuses available this month so you don’t have to. Below, you’ll find our favorite checking and savings account bonuses.

Keep an eye on what it takes to qualify, as well as any limitations. Direct deposit and minimum balances are commonly factors in securing these bonuses. Also pay attention to any monthly fees the account might carry; over time, these could weigh out the actual cash bonus. Otherwise, happy bank bonus shopping!

1. Aspiration Account: $150

Bonus amount: $150

How to get the bonus: To earn your $150, here’s all you need to do: Open your Aspiration account and deposit at least $10. Aspiration will send you a debit card associated with the account. Use the Aspiration debit card to make at least $1,000 of cumulative transactions within the first 60 days of opening your account. There’s no need to spend extra money — just use your card to buy groceries and pay your utilities.

Where to sign up: Enter your email address here, and link your bank account.

When you’ll get the bonus: Allow up to 120 calendar days from account opening to receive the bonus; you must have completed the requirements within the first 60 days.

The fine print: With Aspiration, your money is FDIC insured and under a military-grade encryption. The account offers up to 1.00% APY on savings and allows fee-free withdrawals at more than 55,000 ATMs. There are no hidden fees with Aspiration (monthly fees are on a “Pay What is Fair” policy, and that can be zero every month!), and you’ll earn cash back when you spend at socially conscious businesses (up to 5%).

No offer expiration.

2. Aspiration Plus Account: $200

Bonus amount: $200

How to get the bonus: To earn your $200, here’s all you need to do: Open your Aspiration Plus account during signup or within the first 60 days of enrollment in the regular Aspiration Account. Deposit at least $10. Aspiration will send you a debit card associated with the account. Use the Aspiration debit card to make at least $1,000 of cumulative transactions within the first 60 days of opening your account. There’s no need to spend extra money — just use your card to buy groceries and pay your utilities.

Where to sign up: Enter your email address here, and link your bank account.

When you’ll get the bonus: Allow up to 120 calendar days from account opening to receive the bonus; you must have completed the requirements within the first 60 days.

The fine print: With Aspiration, your money is FDIC insured and under a military-grade encryption. The account offers up to 1.00% APY on savings and allows fee-free withdrawals at more than 55,000 ATMs. Unlike the typical Aspiration Account, there is a $15/month fee (or $12.50/month if you pay annually). However, you’ll earn more cash back when you spend at socially conscious businesses (up to 10%), get monthly out-of-network ATM reimbursement and receive carbon offsets for all gas purchases.

No offer expiration.

3. TD Bank Beyond Checking Account: $300

Bonus amount: $300

How to get the bonus: Open a new TD Beyond Checking account. You must receive a total of $2,500 or more via direct deposit within 60 days of opening your new account. 

Where to sign up: Visit this TD Checking page. Click the orange “open account” button, and follow the instructions to open a TD Beyond Checking account.

When you’ll get the bonus: The $300 bonus will be deposited into your account within 140 days of opening.

The fine print: While this bonus offer sounds too good to be true, it is definitely attainable. However, only open the account if you regularly get sizable monthly deposits or can maintain a healthy minimum balance. That’s because the account charges a monthly maintenance fee, but TD will waive the fee if you receive monthly direct deposits of $5,000, keep a minimum daily balance of $2,500 or maintain a combined balance across all your TD bank accounts of a whopping $25,000.

TD fees—and the bank’s capacity for waiving them—extend to ATMs. You won’t face fees for making withdrawals at TD’s own ATMs, and it’ll reimburse all fees for withdrawing at non-TD ATMs as long as you keep your daily balance at $2,500 or more.

No offer expiration.

4. TD Bank Convenience Checking Account: $150

Bonus amount: $150

How to get the bonus: Open a new TD Convenience Checking account. You must receive a total of $500 or more via direct deposit within 60 days of opening your new account. 

Where to sign up: Visit this TD Checking page. Click the orange “open account” button, and follow the instructions to open a TD Beyond Checking account.

When you’ll get the bonus: The $150 bonus will be deposited into your account within 140 days of opening.

The fine print: While this bonus offer sounds too good to be true, it is definitely attainable. Unlike the TD Bank Beyond Checking account, this checking account option is easier for financial beginners to manage. You only need to maintain a minimum balance of $100 to have the monthly maintenance fee waived. And if you are between the age of 17 and 23, there are no minimum balance requirements and no monthly maintenance fee.

However, the Convenience Checking account does not earn interest; the Beyond Checking account does.

No offer expiration.

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Carmen Mandato/ The Penny Hoarder

5. Chime Referral Bonus: $75 each ($150 between you and a friend)

Bonus amount: $75 per referral, plus $75 to the friend you refer

How to get the bonus: For this bonus, you must already be a Chime account holder as the bonus comes from a referral to a friend. You can also create an account now, then refer a friend to still get the bonus. If you refer a friend and they enroll and receive a direct deposit of $200 or more from their payroll provider in the first 45 days, you will each receive $75. Just make sure to use the referral link from your account.

When you’ll get the bonus: Each person will receive their $75 within two business days of the first $200 direct deposit to the referred account holder.

The fine print: Please be sure to use a unique referral link generated from within your account. (You may also receive promotional emails with such a link.) Otherwise, you and your friend will not receive the bonus.

No offer expiration.

6. Citizens Student Checking Account: Up to $400

Bonus amount: Up to $400

How to get the bonus: Open a new Citizens Student Checking account via the offer page and receive a direct deposit of $500 or more within the first 60 days to receive a $300 bonus. You can receive up to $100 more by using your debit card. For every debit card purchase you make, you will earn $2, up to $100, during the first 60 days.

Where to sign up: You can only sign up through this promotional page. Choose “Open Your Account” for the Student Checking account.

When you’ll get the bonus: The bonus ends this month. If you open the account during the small window this July, your bonus will be paid by November 30, 2021.

The fine print: You must be a new Citizens banking customer and under 25 years old. Direct deposits cannot be from apps like Venmo; rather, they must be regular monthly income, like a paycheck or pension. This account does not earn interest.

Offer expires July 8, 2021.

7. Citizens One Deposit Checking from Citizens Account: Up to $400

Bonus amount: Up to $400

How to get the bonus: Open a new Citizens One Deposit Checking from Citizens account via the offer page and receive a direct deposit of $500 or more within the first 60 days to receive a $300 bonus. You can receive up to $100 more by using your debit card. For every debit card purchase you make, you will earn $2, up to $100, during the first 60 days.

Where to sign up: You can only sign up through this promotional page. Choose “Open Your Account” for the One Deposit Checking from Citizens account.

When you’ll get the bonus: The bonus ends this month. If you open the account during the small window this July, your bonus will be paid by November 30, 2021.

The fine print: You must be a new Citizens banking customer. Direct deposits cannot be from apps like Venmo; rather, they must be regular monthly income, like a paycheck or pension. There is a $9.99 monthly maintenance fee, but you can have it waived by making at least one deposit each statement period. This account does not earn interest.

Offer expires July 8, 2021.

8. Citizens Quest Checking Account: Up to $400

Bonus amount: Up to $400

How to get the bonus: Open a new Citizens Quest Checking account via the offer page and receive a direct deposit of $500 or more within the first 60 days to receive a $300 bonus. You can receive up to $100 more by using your debit card. For every debit card purchase you make, you will earn $2, up to $100, during the first 60 days.

Where to sign up: You can only sign up through this promotional page. Choose “Open Your Account” for the Quest Checking account.

When you’ll get the bonus: The bonus ends this month. If you open the account during the small window this July, your bonus will be paid by November 30, 2021.

The fine print: You must be a new Citizens banking customer. Direct deposits cannot be from apps like Venmo; rather, they must be regular monthly income, like a paycheck or pension. There is a $25.00 monthly maintenance fee, but you can have it waived by making at least $5,000 in deposits each statement period or by maintaining a balance of at least $25,000 across all Citizens accounts.

9. Huntington Asterisk-Free Checking Account: $150

Bonus amount: $150

How to get the bonus: Open a new Huntington Asterisk-Free Checking account online or in a branch. Make cumulative new money deposits totaling at least $1,000 within the first 60 days of opening the account and keep the account open for at least 90 days.

Where to sign up: Visit this promotional page for Huntington and choose “Apply Online” for the Huntington Asterisk-Free Checking account.

When you’ll get the bonus: After meeting the bonus criteria (i.e., after 90 days), you will receive the bonus within just 14 days. This is the fastest turnaround of any banking bonus included on this list.

The fine print: Not everyone can get in on this deal. You can only take advantage of the offer if you live in Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania or West Virginia. “New money” deposits means any money that is not currently in an existing Huntington account. This account does not earn interest.

Offer expires July 7, 2021.

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10. Huntington 5 Checking Account: $200

Bonus amount: $200

How to get the bonus: Open a new Huntington 5 Checking account online or in a branch. Make cumulative new money deposits totaling at least $1,000 within the first 60 days of opening the account and keep the account open for at least 90 days.

Where to sign up: Visit this promotional page for Huntington and choose “Apply Online” for the Huntington 5 Checking account.

When you’ll get the bonus: After meeting the bonus criteria (i.e., after 90 days), you will receive the bonus within just 14 days. This is the fastest turnaround of any banking bonus included on this list.

The fine print: Not everyone can get in on this deal. You can only take advantage of the offer if you live in Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania or West Virginia. “New money” deposits means any money that is not currently in an existing Huntington account. This account earns interest (currently a 0.02% APY, which is quite low). It also has a monthly maintenance fee of $5, which is waived if you have at least $5,000 across all Huntington accounts.

Offer expires July 7, 2021.

11. Chase Total Checking Account: $225

Bonus amount: $225

How to get the bonus: Open a new Chase Total Checking account as a new Chase customer. Within 90 days of opening the account, have a qualifying direct deposit made into the account from your employer or the government.

Where to sign up: Visit this page on Chase’s website to sign up for the account and receive the $225 bonus. You can also open the account at a Chase location near you.

When you’ll get the bonus: Chase will deposit the $225 bonus into your account within 15 business days after you meet the criteria. 

The fine print: Direct deposits from person-to-person payments do not qualify for the sake of this bonus. The Total Checking account carries a $12 monthly service fee, but you can have it waived if you receive direct deposits each month totaling $500 or more, keep a minimum balance in the account at the start of each day of at least $1,500, or keep a minimum balance across all your Chase accounts at the start of each day of at least $5,000.

If you close the account within six months of opening, Chase will deduct the bonus amount at closing. You can only receive one signup bonus from Chase for a checking account every two years.

Offer expires July 14, 2021.

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Getty Images

How to Search for Bank Bonuses on Your Own

In the spirit of not listing approximately 193 bank promotions, we kept this list short and sweet — only highlighting the best bank promotions for checking and savings accounts.

But maybe you’re interested in banking with your local credit union, opening up a small business checking account or finding the perfect investment account? There are often bonus offers attached to these account openings, too.

The banks don’t always make finding these promotions easy, so here are a few tips to help you get your hands on that cash bonus.

  • Check the bank’s website first. Sometimes it’ll advertise its promotions right there. This is rare, but it’s worth a quick check — it could save you a ton of time.
  • If you don’t have any luck, reach out to the bank’s customer service team through phone, email or chat. Let them know you’re shopping for a new account, and you’d like to know if it’s running any promotions. More often than not, the nice representative will send you a special link.
  • If this doesn’t work, turn to your trusty friend Google. Look for the best bank account bonuses. Because you’ll likely dig up some offers from third-party sites, you’ll want to take a few minutes to make sure the offer:
    • Hasn’t expired.
    • Is legitimate. Make sure the bank is FDIC-insured and has a positive Better Business Bureau rating. You can even read some online reviews.
    • Doesn’t require outrageous qualifying activities. For example, it might not be realistic for you to maintain an average daily balance of $50,000 and carry out 60 qualifying debit card purchases or receive five direct deposits before the end of your first 30-day statement cycle.
  • You can also reach out to your family, friends and social network to crowdsource bank recommendations. Sometimes banks have impressive referral programs, so both you and your friend could benefit from you signing up.

Overall, be smart. Don’t let that promise of an account bonus blind you. Also, read the fine print so you don’t get stuck paying high monthly fees, interest rates or closing penalties.

Will Opening a Bank Account Hurt Your Credit Score?

If you’re worried that opening a new bank account or closing an old one will hurt your credit score, don’t be. Your bank accounts are not included in your credit report and therefore have no effect on your credit score, unless you have an outstanding negative balance that the bank turns over to a collection agency.

Sometimes when you go to open a new bank account, banks will do a soft credit check. However, that won’t affect your credit score.

Now, go enjoy your fresh new bank account and that nice cash bonus you’re about to pocket. Add it to your savings account, put it toward student loan payments or, heck, treat yourself!

Editorial Disclosure: This content is not provided by the bank advertiser. Opinions expressed here are the author’s alone, not those of the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program.