7 Bank Bonuses You Don't Want To Miss

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Since the financial crisis of 2008, some banks have struggled to regain their form. In addition to huge losses suffered during the crisis, traditional banks now face competition in the form of leaner, meaner online-only banks. With decreasing profits and low interest rates, banks have been forced to use different tactics in order to attract new customers.

This is great news for consumers. With banks fighting to earn your business (and your dollars), you can take advantage of some great deals. In fact, many banks are actually offering you cash simply for opening a new account with them. Here are seven excellent banking promotions available today.

Capital One 360 Savings - Up to $500 Bonus

Capital One 360 Savings is offering a bonus of up to $500 for opening a new 360 Savings account. The online/mobile banking account currently offers a 0.75 annual percentage yield with no maintenance fees. In order to qualify for the bonus, you need to transfer at least $5,000 from an account outside of Capital One to your new 360 Savings account within 10 days of opening.

You also need to maintain that balance for at least 90 days. An important point to note is that I said up to a $500 bonus. Capital One 360 Savings determines the bonus based on a graduated scale. Bonus amounts begin at $50 and climb to $500 on deposits of $50,000 or more. You can see a chart of the complete scale here.

Chase Checking & Savings - Up to $250 Bonus

If you're looking for great bank bonuses, Chase has some of the best around. Currently, you can get $150 for opening a new Chase Total Checking account. Just make a minimum deposit of $25 and a qualifying direct deposit within 60 days to earn the bonus. Additionally, you're eligible for a $100 bonus when depositing $10,000 into a new Chase Savings account, provided that you maintain that balance for at least 90 days.

You may combine both offers to earn the complete $250 bonus. To get the promotion, you must enter your email to receive a coupon, which you'll then need to bring into your local Chase branch. Also, be aware that you aren't allowed to close the accounts within six months of opening or you'll lose the bonus.

Chase Premier Plus Checking - $300 Bonus

Chase does it again, offering a $300 sign-up bonus for opening a Premier Plus Checking account.

Although the basic Chase Total Checking account requires only a $500 direct deposit or $1,500 minimum daily balance to avoid account maintenance fees, the Premiere Plus is a little more strict. You must maintain a $15,000 daily balance or link your account towards automatic payments of your Chase mortgage to avoid the $25 monthly fee.

However, the account does earn interest and allows you to avoid Chase fees at non-Chase ATMs. Just open a new Premier Plus Checking account with a minimum deposit of $25, and make a qualifying direct deposit within 60 days to earn the bonus. Again, you'll need to receive the offer coupon by email and bring it to your local branch when opening the account.

Santander Bank - $20 Monthly Bonus

Rather than offering new customers an upfront bank bonus, Santander Bank's approach is a little bit different. Santander looks to reward customers for their loyalty by offering a $20 bonus each month. Simply open a Santander Bank extra20 checking and savings account with a minimum deposit of $25 and $10, respectively. You'll earn $10 per month for making qualified direct deposits totaling $1,500 within each service fee period. You can earn an additional $10 bonus for paying at least 2 bills through their online bill pay system each month. The bonuses will be directly deposited into your extra20 savings account.

PNC - $200-$400 Bonus

PNC offers several different ways to earn a bonus. New customers can earn a $200 bonus for opening either a new Performance Checking or a Virtual Wallet with Performance Spend account. Simply, make qualifying direct deposits of $2,000 or more and pay at least one bill through their online bill payment systemt. You can also earn a $400 bonus for making direct deposits which total at least $5,000 and making one online bill payment. Regardless of the offer, the terms must be completed within 60 days. This offer is only valid for accounts that are opened online.

BMO Harris - $200 Bonus

If you are looking to open a new checking account, BMO Harris will offer you $200 to do it with them. Open any one of their three checking accounts, and you'll be eligible for the bonus. Simply, set up qualifying direct deposits to be made to your new account, and you're set to go. The direct deposits must be no less than $300 and be set up to occur no less than on a monthly basis. Further, the first deposit must be made within 60 days of opening the account. To take advantage of the deal, either apply online or have a coupon emailed to you and present it at a local branch.

Key Bank - Up to $300

Key Bank is offering new customers up to $300 in bonuses for opening a new checking account. First, you can earn $100 for opening a Key Hassle Free Checking account. The account features no monthly maintenance fees, no minimum balance fees, and no overdraft fees. All you need to do is make direct deposits totaling at least $500 and use a combination of five debit card or bill payments within 60 days. You can also earn a $300 bonus by opening a premier checking account through Key. To earn the bonus, you must make direct deposits totaling at least $1,000 and use a combination of five debit or bill payments within 60 days. Enter either the promo code MASH0615 or MASC0615, depending on the offer chosen.

Wrapping It Up

If you're in the market for a new bank, it pays to shop around. Compare each accounts features and make sure that they fit your needs. And, of course, take a look at each bank's promotional offers. Remember, most offers don't last forever, so take advantage of them while you can.
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