Get Up To $360
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.
Get Up To $360
Learn More

5.0
5.0
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.
No monthly fees. Period.
Fee-free overdraft protection
Learn MoreOn Discover's Site
Get Up To $300
SoFi Checking and Savings
Earn 11x the national average
New accounts with eligible direct deposit get a +0.20% APY boost to 4.00% for up to 6 months*
Get Up To $300
Learn More

4.7
4.7
MoneyAtlas
Rating
SoFi Checking and Savings
Earn 11x the national average
New accounts with eligible direct deposit get a +0.20% APY boost to 4.00% for up to 6 months*
Up to $300 direct deposit bonus. Terms apply.
No fees or minimum balance
Learn MoreOn SoFi'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
2. Quick “Worth-It” Checklist
- Bonus ÷ Required Balance = Effective return
- Monthly account fee: Is there an easy way to waive it?
- Timeline: Can you meet every step before the deadline?
- Credit pull: Soft inquiry is fine; a hard pull dings your score—check the disclosure.
- Tax form 1099-INT: Expect to report the bonus as interest income next year.
3. Claim Your Bonus in Three Moves
- Open online using the promo link or code.
- 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
- 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.