Best Bank Bonuses of

June 2025

Discover top bank account bonuses offering high cash rewards, easy requirements, and quick payouts.

Earn 3.80% APY + $300 Bonus
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5.0

MoneyAtlas

Rating

SoFi Checking and Savings

Checking & savings in one account

Earn up to 3.80% APY with direct deposit
Learn MoreOn SoFi's Site
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4.9

MoneyAtlas

Rating

Discover® Cashback Debit Checking

Zero fees and cashback rewards

Earn 1% cash back on up to $3,000 in debit card purchases each month. See website for details.
Learn MoreOn Discover's Site

Why Bank Account Bonuses Are Worth a Look

Open the right checking or savings account, and the bank may pay you a cash bonus just for becoming a customer. The catch? You must hit a few easy-to-miss requirements. Follow the steps below to pocket the reward and keep every dollar you earn.

1. Know the Typical Requirements

Bonus Trigger What It Means What to Check
Direct deposit Send payroll or benefits into the new account Does your employer let you split paychecks? How soon must deposits start?
Balance milestone Keep a set amount on deposit for 30–90 days Will tying up that cash cost you more interest elsewhere?
Debit-card activity Make a certain number of purchases Small everyday swipes count—coffee, transit, subscriptions
Promo codeEnter a code during signup Copy it exactly; missing characters void the offer

2. Quick “Worth-It” Checklist

  1. Bonus ÷ Required Balance = Effective return
  2. Monthly account fee: Is there an easy way to waive it?
  3. Timeline: Can you meet every step before the deadline?
  4. Credit pull: Soft inquiry is fine; a hard pull dings your score—check the disclosure.
  5. Tax form 1099-INT: Expect to report the bonus as interest income next year.

3. Claim Your Bonus in Three Moves

  1. Open online using the promo link or code.
  2. Automate the requirements:
    • Schedule payroll splits for direct deposit
    • Set calendar reminders to maintain the minimum balance
    • Use the debit card for routine small purchases
  3. Track the payout date—bonuses usually post 30–120 days after you finish the tasks.

4. Money-Savvy Tips

  • Pair bonuses with high-yield accounts so parked cash still earns interest.
  • Close or downgrade the account only after the bank’s minimum open period (often six months).
  • Set fee alerts; if you can’t meet waiver rules later, reassess the value.
  • Rotate carefully—opening too many accounts at once can complicate taxes and cash flow.

FAQs