April 2020-21 Best New Bank Account Promotions & Offers

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It’s possible to make $100s just by opening up a bank account. But sorting through the best offers can be tricky.

At Money Crashers, we comb through hundreds of deals every month to find you the most lucrative sign-up bonuses – some worth up to $1,000. We also rank the best high-yield checking accountscashback credit cards, and more.

Don’t want to miss out? Here are the best bank promotions for April.

Top Bank Account Promotions (April 2020)

1. TD Bank Beyond Checking℠ – $300 Cash Bonus

td bank

Apply online for a new TD Bank Beyond Checking account, and you’ll get a $300 cash bonus once you receive direct deposits of more than $2,500 within 60 days. To qualify for this offer, you must be a U.S. resident and apply for the offer online. The Beyond checking account typically includes a $25 monthly maintenance fee, but it’s waived with monthly direct deposits of $5,000 or more, a minimum daily balance of $2,500, or a combined balance of $25,000 across your eligible TD accounts.

This offer is available to residents of the following states: CT, DE, DC, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT, VA.

Apply Now

2. TD Bank Convenience Checking℠ – $150 Cash Bonus

td bank

As an alternative to the TD Bank Beyond Checking offer above, you can apply online for a new TD Bank Convenience CheckingSM account, which has a much lower minimum balance requirement. You’ll get a $150 cash bonus once you receive direct deposits of more than $500 within 60 days.

To qualify for this offer, you must be a U.S. resident and apply for the offer online. The Convenience Checking account typically includes a $15 monthly maintenance fee, but it’s waived if you keep a low minimum daily balance of at least $100. Students and young adults ages 17 through 23 qualify for additional perks, such as no monthly maintenance fee and no minimum balance requirements.

This offer is available to residents of the following states: CT, DE, DC, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT, VA.

Apply Now

3. Chase Premier Plus CheckingSM – $300 Bonus

chase bank logo

To qualify for this bonus, open a new Chase Premier Plus CheckingSM account by July 20, 2020, and have a direct deposit (electronic transfer for paychecks, pensions, or government benefits) made to the account within 60 days. (You can either apply online using the link above or enter your email on the linked page to receive the coupon to take to your local Chase branch.) Once you take these steps, you should receive the bonus in your account within 10 business days.

Keep in mind that the Premier Plus account has a monthly service fee of $25. However, the fee is waived if you keep an average daily balance of at least $15,000 between all of your Chase accounts (checking, savings, and other balances) or you set up automatic payments to your qualifying Chase mortgage. There’s no minimum required opening deposit. Interest rates are variable and subject to change.

Chase has ATMs and branches in the following states: AZ, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, KY, LA, MA, MI, NV, NJ, NY, OH, OK, OR, TX, UT, WA, WV, WI. This offer is available nationwide, except for residents of AK, HI, and PR.

Apply Now

4. Chase Total Checking® – $200 Bonus

chase bank logo

There is a separate bonus offer of $200 for Chase Total Checking®, which is a step down from the Chase Premier Plus Checking account mentioned above. Open a new Chase Total Checking® account and make a qualifying direct deposit within 60 days. You’ll then receive a $200 bonus within 10 business days.

There is a $12 monthly fee, but it’s waived if you meet at least one of the following criteria in each monthly statement period:

  • Execute direct deposits totaling $500 or more made to the account
  • Maintain a $1,500 minimum daily balance
  • Maintain an average daily balance of $5,000 or more in qualifying linked deposits or investments
  • Pay at least $25 or more in qualifying checking-related services or fees

To receive this bonus, you can either apply online using the link above or enter your email here and take the coupon to a local Chase branch. You must apply by July 20, 2020.

Chase has ATMs and branches in the following states: AZ, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, KY, LA, MA, MI, NV, NJ, NY, OH, OK, OR, TX, UT, WA, WV, WI. This offer is available online nationwide, except for residents of AK, HI, and PR.

Apply Now

5. HSBC Premier Checking – Up to $700 Cash Back

hsbc

Open a new HSBC Premier Checking account and set up qualifying direct deposits to earn 3% cashback on qualifying direct deposits during the first 6 months your account is open, up to $700 total cashback ($120 maximum per month).

To earn the bonus, open your new Premier Checking account by June 29, 2020, and set up qualifying third-party direct deposits (at least one per calendar month) to your HSBC Premier checking account(s) per calendar month. You’ll earn 3% cashback on each qualifying direct deposit, up to $120 total per month and $700 total during the first 6 months your account is open. After completing the qualifying activities each month, you’ll receive your cashback for the month in your Premier Checking account within eight weeks.

Moving forward, avoid the $50 monthly maintenance fee by making recurring direct deposits totaling at least $5,000 in per month or maintaining a combined minimum balance of $75,000 across all eligible personal and investment accounts.

Deposit products are offered in the U.S. by HSBC Bank USA, N.A., member FDIC.

Apply Now

6. HSBC Advance Checking – Up to $270 Cash Back

hsbc

Open a new HSBC Advance Checking account and set up qualifying direct deposits to earn 3% cash back on qualifying direct deposits during the first 6 calendar months your account is open, up to $270 in total bonus cash ($50 total bonus cash per month).

Here’s how to do it. First, open your account by June 29, 2020. Then, set up at least one recurring monthly direct deposit from a qualifying third-party payee for at least three consecutive months. You’ll earn 3% on these qualifying direct deposits, up to $270 in total bonus cash during the 6-month bonus period and up to $50 in total bonus cash per month. You’ll receive your bonus within eight weeks after completing the each month’s qualifying activities.

Moving forward, you can avoid the $25 monthly maintenance fee by doing one of the following:

  • Maintaining a $5,000 daily balance in combined personal and investment accounts;
  • Making a monthly recurring direct deposit into the account from a third party; or
  • Holding a HSBC U.S. residential mortgage loan.

Deposit products are offered in the U.S. by HSBC Bank USA, N.A., member FDIC.

Apply Now

7. HSBC Premier Checking – $475 Welcome Offer

HSBC has another great offer for new Premier Checking customers.

Here’s how it works. Get a $475 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete the following qualifying activities.

• Open your new HSBC Premier checking account online by June 29, 2020; and

• Make recurring monthly Qualifying Direct Deposits totaling at least $5,000 from a third party to your HSBC Premier checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening.

You will automatically receive the $475 Welcome Deposit in your new HSBC Premier checking account approximately eight weeks after completing all qualifying activities. It’s that simple.

Deposit products are offered in the U.S. by HSBC Bank USA, N.A., member FDIC.

Apply Now

8. HSBC Advance Checking – $225 Welcome Offer

HSBC Advance Checking has a solid welcome offer as well.

Here’s how it works. Get a $225 Welcome Deposit for eligible new customers who open a new HSBC Advance checking account and complete the following qualifying activities.

• Open your new HSBC Advance checking account online by June 29, 2020; and

• Make recurring monthly Qualifying Direct Deposits totaling at least $500 from a third party to your HSBC Advance checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening

You will automatically receive the $225 Welcome Deposit in your new HSBC Advance checking account approximately eight weeks after completing all qualifying activities. It’s that simple.

Deposit products are offered in the U.S. by HSBC Bank USA, N.A., member FDIC.

Apply Now

9. Wells Fargo Everyday Checking – $400 Cash Bonus

Wells Fargo Logo

Open a new Wells Fargo Everyday Checking account online by July 31, 2020 to qualify for a cash bonus of $400. Here’s how to do it:

  • First, check that the offer is available in your area using the ZIP code finder on the promotions page.
  • Then, open a new Wells Fargo Everyday Checking account online and make the minimum required opening deposit of $25.
  • Next, within 90 days of account opening, receive qualifying direct deposits totaling $4,000 or more.

After the 90-day qualification period, you’ll receive a $400 cash bonus in your account within 30 days if you have met all of the requirements. Your account must remain open with a balance greater than $0 to receive the bonus.

Note that qualifying direct deposits include salary, pension, Social Security, and other qualifying income. Direct deposits must be electronically deposited via ACH.

You can avoid the Everyday Checking account’s $10 monthly maintenance fee by doing any of the following:

  • Maintaining a minimum daily balance of $1,500.
  • Completing 10 or more debit card transactions per month.
  • Executing direct deposits totaling $500 or more per month.

If you currently have an open Wells Fargo consumer checking account, have earned any other Wells Fargo checking account bonus within the past 12 months, or you’re a Wells Fargo team member, you’re not eligible for this offer.

10. Bask Bank – Up to 46,000 Bonus AAdvantage® Miles

Bask Bank Logo

Bask Bank offers three great opportunities for new account holders to earn American Airlines AAdvantage® miles during the first year after opening a Bask Savings Account.

First-Year Balance Bonus

Earn up to 40,000 bonus miles with this three-tiered bonus. To qualify, the account must be funded within 60 days of opening and the qualifying balance must be maintained throughout the 360-day offer period.

  • Deposit and maintain a $25,000 minimum balance throughout the offer period to earn a total of 10,000 bonus miles.
  • Deposit and maintain a $50,000 minimum balance for the entire offer period to earn a total of 20,000 bonus miles.
  • Deposit and maintain a $100,000 minimum balance for the entire offer period to earn a total of 40,000 bonus miles.

All three offers are valid for accounts opened through April 30, 2020. Miles are awarded within 10 business days. Allow up to eight weeks for them to post to your AAdvantage® account.

Account Opening Bonus

Though not quite as generous, this bonus is easier to attain:

  • Deposit $5,000 in new money (funds not previously deposited with Bask Bank or its affiliates) into your new Bask Savings Account within 30 days of opening.
  • Maintain a $5,000 minimum balance in the account for at least 30 days within the first 60 days of account opening and you’ll receive 5,000 AAdvantage® miles.

This offer is valid for accounts opened through April 30, 2020. Bask Bank awards bonus miles within 10 business days of confirming you’ve met the bonus requirements. Allow up to eight weeks for miles to post to your AAdvantage® account.

One-Time Feedback Bonus

New Bask Savings Account holders earn 1,000 bonus AAdvantage® miles for completing a short feedback survey through Bask Bank’s online account dashboard or mobile app.

The value of this offer will be reported to the IRS and the recipient is responsible for any federal, state or local taxes on this offer.

Apply Now

Bask Bank and BankDirect are divisions of Texas Capital Bank, N.A. Member FDIC. The sum of your total deposits with (i) Bask Bank; (ii) BankDirect; and (iii) Texas Capital Bank, N.A. are insured up to $250,000.  Additional coverage may be available depending on how your assets are held.

11. Chase Total Business Checking – $300 Bonus

chase bank logo

If you’re a business owner looking to set up a new account, Chase has you covered as well. Open a new Chase Total Business Checking account with a deposit of at least $1,000 in new money within 20 business days. Then, maintain that balance for 60 days and complete at least five qualifying transactions within the same period (debit card purchases, checks paid, and qualifying deposits). You’ll then receive the $300 bonus within 10 business days.

To receive this bonus, you’ll need to enter your email here and take the coupon to a local Chase branch by July 16, 2020. Chase has ATMs and branches in the following states: AZ, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, KY, LA, MA, MI, NV, NJ, NY, OH, OK, OR, TX, UT, WA, WV, WI. This offer expires on July 16, 2020.

Apply Now

12. Citibank – $700 Cash Bonus

For a limited time, earn $700 when you open new checking and savings account with Citibank and complete all required activities. Here’s how:

  • Open new eligible checking and savings accounts in the Citi Priority Account Package during the offer period.
  • Deposit $50,000 or more in funds new to Citibank between the checking and savings accounts within 30 days of account opening.
  • Keep a minimum balance of $50,000 between the two accounts for 60 consecutive calendar days thereafter.

After completing all qualifying activities, you’ll receive the $700 bonus in your account within 90 calendar days. You must apply from the offer page linked below to earn this offer.

The Citibank Priority Account Package is available in NY, NJ, IL, CA, CT, DC, FL, VA, MD, and NV. If you’re not a resident of any of these states, consider the High-Yield Interest Checking Account, available as part of the Citi® Elevate package. With unlimited ATM reimbursements and yields as high as 1.01% APY, it’s a great choice for depositors eager to put their money to work.

13. SunTrust Bank Advantage Checking – $400 Cash Bonus

Open a new SunTrust Bank Advantage Checking account using the promo code “Q220ADVANTAGE” and complete qualifying activities to earn a $400 cash bonus.

Here’s how it works. Open a new Advantage Checking account using the promo code above by June 30, 2020. Then, within the first 3 months of opening your account, complete at least $3,000 in qualifying direct deposits per statement cycle for 2 consecutive statement cycles.

Once you’ve completed the qualifying activities, the $400 bonus will be deposited into your account within 8 weeks. Moving forward, you can avoid the $20 monthly maintenance fee by doing one of the following:

  • Make $3,000 or more in total qualifying direct deposits each month
  • Hold $10,000 total in combined relationship balances linked across eligible deposits and investments
  • Have a linked personal SunTrust credit card, mortgage, loan, or small business checking account

Additionally, depending on your total relationship balance with SunTrust, you could qualify for a loyalty cash bonus of up to 50%.

This offer applies to new SunTrust checking customers. New customers are defined as those without existing accounts or accounts closed within the past 180 days living in states in which SunTrust Bank has branches: AL, AR, FL, GA, MD, MS, NC, SC, TN, VA, DC & WV. Check SunTrust Bank’s website for availability in your area.

Apply Now

14. SunTrust Bank Essential Checking – $200 Cash Bonus

suntrust

New SunTrust customers can take advantage of another great offer: a $200 cash bonus opportunity when they open a new SunTrust Essential Checking account and complete the qualifying activities.

Here’s how to earn the bonus. First, open a new SunTrust Advantage Checking account using the promo code “Q220ESSENTIAL” by June 30, 2020, with a minimum opening deposit of $100. Then, complete at least $500 in cumulative direct deposits each statement cycle for two consecutive statement cycles within the first three full monthly statement cycles. Qualifying direct deposits include wage or salary, pension, Social Security, or other regular monthly income.

Once you complete the offer requirements, you’ll receive your $200 bonus within eight weeks. Moving forward, you can avoid the $7 monthly maintenance fee by doing one of the following:

  • Making 10 or more transactions per statement cycle
  • Making $500 or more in total qualifying direct deposits per statement cycle
  • Keeping a $500 minimum daily balance
  • Qualifying for SunTrust’s student waiver

This offer applies to new SunTrust checking customers (defined as customers without existing accounts or accounts closed within the past 180 days) living in states in which SunTrust Bank has a physical presence, including AL, AR, FL, GA, MD, MS, NC, SC, TN, VA, DC & WV. Check SunTrust Bank’s website for availability in your area.

Apply Now

15. BMO Harris – Up to $200 Cash Bonus

bmo harris bank

If you’re a Bank At Work or Group Banking Services customer at BMO Harris, you can earn as much as $200. When you open a new personal checking account and meet the direct deposit requirements, you’ll receive $100. You get an additional $50 by opening a new Statement Savings Account with at least $1,000 of new money. Another $50 comes your way when open a new BMO Harris Health Savings Account.

There’s a separate bonus worth up to $250 for applicants who are approved for a BMO Harris Bank Platinum Rewards Mastercard® Credit Card and spend $2,000 within the first 3 months of account opening. However, credit approval is required for this offer and not all applicants will qualify.

You should receive your bonuses between 90 and 120 days of either account opening or meeting the requirements.

Apply Now

16. SkyOne Federal Credit Union – Up to $200 Cash Bonus

For a limited time, SkyOne Federal Credit Union is offering new checking customers up to $200 bonus cash for completing certain qualifying activities.

To take advantage, open a new SkyOne Federal Credit Union Totally Free Checking or Premier Checking account by May 31, 2020, and do the following:

  • Set up a monthly recurring direct deposit (minimum $1,000) to your new checking account within 90 days of account opening to earn a $125 bonus.
  • Deposit $2,500 or more in new money within 10 days of opening your checking account and maintain that balance for 30 days to earn a $50 bonus.
  • Make 10 debit card transactions within 30 days of checking account opening to earn a $25 bonus.

Once you’ve completed the qualifying activities and the bonus period has passed, you’ll receive your bonus within 10 business days.

If you don’t live in SkyOne’s geographical trade area or have a qualifying relationship with an existing customer, don’t worry. Anyone can join SkyOne Federal Credit Union by asking SkyOne to make a one-time donation to an eligible nonprofit on their behalf.

Apply Now

17. Capital One 360 – Up to $125 Cash Bonus

capital one 360

This offer is made up of 2 components, which you can perform separately or as a combination.

  • Open a new Capital One 360 Checking account with at least $250 and make at least three debit card purchases or Person2Person payments (can be any combination of the two) within 45 days of account opening. Your $25 bonus will then be deposited into your account on day 50.
  • Open a new Capital One 360 Performance Saving account with an initial deposit of at least $250. If you deposit $250 to $9,999.99, you’ll get a $25 bonus. If you deposit $10,000 or more, you’ll get a $100 bonus, which will automatically be deposited into your account.

The total cash bonus amount is up to $125, depending on which account you open and how much you deposit for the Performance Savings account.

Apply Now

18. Bank of America – $100 Bonus

bank of america

Bank of America has an easy checking bonus that could net you $100.

To qualify, open a Bank of America Advantage SafeBalance Banking, Advantage Plus Banking, or Advantage Relationship Banking account by June 30, 2020 using offer code “PSR100CIS” and receive at least 2 qualifying direct deposits of $250 or more within the first 90 days to earn a $100 cash bonus. You must use the link above to open your account.

Once you complete the qualifying direct deposits, you’ll receive the bonus within 90 days. This offer is only available to new Bank of America checking customers who have not had a Bank of America personal checking account within the past six months. Minimum deposit requirements, maintenance fees, and maintenance fee waivers all apply.

Apply Now

19. Regions Bank – Up to $100 Cash Bonus Each Year

Open a new checking account at Regions Bank, either online or at a branch. Then open a Regions LifeGreen Savings Account with an opening deposit of $50 or more. Then, set up a recurring monthly transfer of $10 or more from your Regions checking account to your LifeGreen Savings Account and complete at least 12 monthly transfers. Every year, you’ll receive a 1% savings bonus on your account anniversary date, based on your account’s average monthly balance for the preceding 12 months, up to the max annual savings bonus of $100. Your bonus should be deposited into your account on the business day following your anniversary date.

Apply Now

20. SoFi Money – $50 Referral Bonus

Open a new SoFi Money account, then refer friends to open accounts of their own to earn $50 per referral. The referred party may be eligible to earn a new account bonus, as well. The amount of the referral bonus is subject to change without notice but is currently $50 for both parties. You can earn up to $10,000 with this offer – if you have enough contacts to refer.

To begin referring new account holders to SoFi Money, open the “Refer a Friend” tab in your SoFi Money app and copy your unique link. Then, send the link to whoever you’d like to refer via social media, email, or whatever’s most convenient. For a referral to be successful, the referred party must open and fund a new SoFi Money account with $100 in new money within 14 days of receiving the link.

SoFi Money is a high-yield cash management account. Read all disclosures for current rate and balance information.

Learn More

21. Citizens Bank – $1,000 Bonus for College Savings

citizens bank logo

Citizens Bank is currently offering a $1,000 bonus (plus interest) for those who sign up for a CollegeSaver savings account, an easy, manageable savings plan that will help you meet your college savings needs. It’s an interest-bearing account, and if you open it before your child’s 12th birthday and save the monthly minimum amount every year, you’ll receive a $1,000 bonus (plus interest) when your child turns 18. Opening an account before your child turns 12 will only increase the savings.

This offer is only available in states where Citizens Bank has a physical presence, mostly in the northeastern U.S. Check Citizens Bank’s website for availability and other restrictions.

Apply Now

Final Word

When choosing a bank, it’s important to find one that suits your needs – whether that’s favorable interest-bearing accounts, no fees, or online banking features. It’s also a big bonus when you can get great perks along with good banking. Be on the lookout for and take advantage of cash and giveaways, and your banking experience will be all the more pleasurable.

Which bank promotions will you be taking advantage of this month?

Editorial Disclosure: This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program.

UGC Disclosure: The comments below are not provided or commissioned by the bank advertiser. Comments have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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