Top banking incentives in May 2025: Maximize your financial gains with these lucrative offers!
Looking to score some extra cash? Here's a rundown of the top bank account bonuses for opening new checking or savings accounts (and even brokerage accounts) as of May 2025:
Checking Account Bonuses
- Chase Bank - Bonus up to $900 (combined checking and savings bonus); requires $15,000 deposit for savings part and direct deposit for checking part, among other terms.
- U.S. Bank - Bonus of $450 checking bonus plus $80 bonus; deposit $2,000 to $8,000, maintain with direct deposit, and meet others terms.
- Huntington Bank Business Checking - $1,000 business checking bonus; open account, deposit $20,000 of new money, keep balance for 60 days, and meet other conditions.
- Wells Fargo Premier Checking - $2,500 bonus; open Premier checking account, maintain $250,000 minimum combined cash or investments (can include brokerage accounts).
- First Tech Federal Credit Union - $300 bonus; current offer easier to obtain compared to previous ones with spending requirements.
Savings Account Bonuses
- Top bonuses for savings accounts go up to $900. Many high offers require substantial deposits and maintenance balances (often $15,000 or more, kept for 90 days or more).
Key Considerations for Requirements
- Many bonuses need direct deposits, usually between $500 and $2,000 or more, within a specific timeframe after account opening.
- Large bonuses often require hefty deposits or balances ($15,000 to $250,000), especially when brokerage accounts are involved.
- Most accounts have monthly fees that can commonly be waived by meeting balance or deposit requirements.
- Funding via credit card is generally not allowed, except in limited cases (e.g., U.S. Bank allows up to $250 credit card funding).
- Soft credit pulls are common for most bonuses, which don't affect credit scores.
- Anti-churning policies prevent qualifying for the same bank’s bonus if a similar account was opened within the last 12–24 months.
- Certain bonuses are location-specific (e.g., Huntington Bank's offer is limited to certain Midwestern and nearby states).
In the banking-and-insurance industry, Finance enthusiasts can explore various account bonuses for opening new checking or savings accounts. For instance, Chase Bank offers a combined checking and savings bonus of up to $900, whereas First Tech Federal Credit Union provides a $300 bonus for savings accounts, which is currently easier to obtain compared to previous offers with spending requirements.
