The 12 Best Bank Promotions of September 2020 (Up to $600 Cash!)

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So, you’re looking for a new bank account.

You’ve got several factors to consider — including bank promotions. Wouldn’t it be nice to fund your shiny new account with some extra cash?

Many banks offer sign-up bonuses. No, these bonuses aren’t always advertised, but we did some digging and found you some hefty cash offers.

Best Bank Promotions of September 2020

We’ve researched the best cash bonuses available this month so you don’t have to. Below, you’ll find our favorite checking and savings account bonuses.

Keep an eye on what it takes to qualify, as well as any limitations. Direct deposit and minimum balances are commonly factors in securing these bonuses. Otherwise, happy bank bonus shopping!

1. Aspiration Account: $100

Bonus: $100

To qualify: To earn your $100, here’s all you need to do: Open your Aspiration account and deposit at least $10. Then set up and receive three direct deposits of at least $500 each from your paycheck or government benefits.

Limitations: Use your Aspiration debit card to make at least $1,000 of cumulative transactions within the first 60 days of opening your account. There’s no need to spend extra money — just use your card to buy groceries and pay your utilities.

Sign up: Enter your email address here, and link your bank account. With Aspiration, your money is FDIC insured and under a military-grade encryption.

No offer expiration.

2. TD Bank Beyond Account: $300

Bonus: $300

To qualify: You must receive a total of $2,500 or more via direct deposit within 60 days of opening your new account. Then the $300 bonus will be deposited into your account within 95 days of opening.

Limitations: This account is not available in every state, so be sure to check. Additionally, there’s no minimum to open an account, but you must maintain a minimum daily balance of $2,500 to avoid the $25 monthly maintenance fee.

Sign up: Visit this TD Checking page, and enter your city and state. Click the orange “open account” button, and follow the instructions to open a TD Beyond Checking account.

No offer expiration.

3. TD Bank Convenience Checking Account: $150

Bonus: $150

To qualify: You must receive direct deposits totaling $500 or more into your new account within 60 days of opening. The $150 bonus will be deposited into your account within 95 days of opening.

Limitations: This account is not available in every state, so be sure to check. There’s no minimum balance requirement to open an account, but you should maintain a $100 daily minimum balance to avoid the $15 monthly maintenance fee.

Sign up: Visit this TD Checking page. Tab over to the correct account, click the orange “open account” button, and follow the instructions to open a TD Convenience Checking account.

No offer expiration.

4. HSBC Premier Checking Account: Up to $600

Bonus: Up to $600

To qualify: Open a new HSBC Premier Checking account online using the “Apply now” button for your preferred offer (Cash Bonus or Welcome Deposit).

  • Cash Bonus: Earn a 3% cash bonus up to $600 when specifying the Cash Bonus option upon opening the account. Your account must receive at least one “qualifying direct deposit” from a third party every month for the first six consecutive months following account opening month. You will earn 3% cash back on every direct deposit up to $100 a month for those six months for a total max payout of $600.
  • Welcome Deposit: If you’d rather have a sure thing, select the Welcome Deposit option when signing up. Your account must receive “qualifying direct deposits” totaling at least $5,000 from a third party for three consecutive months following account opening month. Upon reaching this goal, you will receive a bonus of $475.

HSBC calls defines “qualifying direct deposits” as “electronic deposits of regular periodic payments (such as salary, pension, Government Benefits or other monthly income) made into your HSBC Premier checking account from third parties at least once per calendar month.”

Limitations: You must be at least 18 with US citizenship and a Social Security Number. If you had an HSBC account between June 29, 2017, and June 29, 2020, you cannot qualify.

Sign up: Click “Apply now” under your preferred offer (Cash Bonus or Welcome Deposit) here.

Offer expires September 30, 2020.

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5. Chase Total Checking Account: $200

Bonus: $200

To qualify: Get a $200 bonus when you open a new Chase Total Checking account and set up direct deposit.

Limitations: Must be a new Chase customer. Must direct deposit $500 a month in this and/or any linked Chase accounts or have a balance of $1,500 a month each day to waive the $12 monthly service fee.

Sign up: Visit this Chase Total Checking page to apply online, or enter your email address to get a unique coupon to take with you to open your account at any Chase branch while the offer is valid.

Offer expires October 14, 2020.

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6. Chase Premier Plus Checking Account: $300

Bonus: $300

To qualify: Get a $300 bonus when you open a new Chase Premier Plus Checking account and set up direct deposit. Make your first direct deposit into this account within 90 days.

Limitations: Must be a new Chase customer.

Sign up: Visit this Chase Premier Plus Checking page to apply online, or enter your email address to get a unique coupon to take with you to open your account at any Chase branch while the offer is valid.

Offer expires October 14, 2020.

7. Associated Bank Access Checking: Up to $500

Bonus: Up to $500

To qualify: Open a new Associated Access Checking account with a minimum deposit of $25 and receive direct deposits totaling at least $500 within 90 days of opening your account. Bonus values will vary based on the sum of the average daily balance of all Associated Bank deposit accounts from days 61 to 90:

  • Average daily balances of $1,000 to $4,999.99 will earn a $200 bonus.
  • Average daily balances of $5,000 to $9,999.999 will earn a $300 bonus.
  • Average daily balances of $10,000 or more will earn a $500 bonus.

Limitations: Must be a new Associated Access Checking customer. If easy access to a physical branch is important to you, note that the bank has locations in Illinois, Minnesota and Wisconsin, but members have free access to MoneyPass ATMs nationwide. Account must remain open for a minimum of 12 months; if you close it early, Associated Bank reserves the right to deduct the paid out bonus before account closure.

Sign up: Visit this Associated Bank account sign-up page and select the appropriate account.

Offer expires May 31, 2021.

8. Associated Bank Balanced Checking: Up to $500

Bonus: Up to $500

To qualify: Open a new Associated Balanced Checking account with a minimum deposit of $100 and receive direct deposits totaling at least $500 within 90 days of opening your account. Bonus values will vary based on the sum of the average daily balance of all Associated Bank deposit accounts from days 61 to 90:

  • Average daily balances of $1,000 to $4,999.99 will earn a $200 bonus.
  • Average daily balances of $5,000 to $9,999.999 will earn a $300 bonus.
  • Average daily balances of $10,000 or more will earn a $500 bonus.

Limitations: Must be a new Associated Access Checking customer. If easy access to a physical branch is important to you, note that the bank has locations in Illinois, Minnesota and Wisconsin, but members have free access to MoneyPass ATMs nationwide. Account must remain open for a minimum of 12 months; if you close it early, Associated Bank reserves the right to deduct the paid out bonus before account closure.

Sign up: Visit this Associated Bank account sign-up page and select the appropriate account.

Offer expires May 31, 2021.

9. Associated Bank Choice Checking: Up to $500

Bonus: Up to $500

To qualify: Open a new Associated Choice Checking account with a minimum deposit of $100 and receive direct deposits totaling at least $500 within 90 days of opening your account. Bonus values will vary based on the sum of the average daily balance of all Associated Bank deposit accounts from days 61 to 90:

  • Average daily balances of $1,000 to $4,999.99 will earn a $200 bonus.
  • Average daily balances of $5,000 to $9,999.999 will earn a $300 bonus.
  • Average daily balances of $10,000 or more will earn a $500 bonus.

Limitations: Must be a new Associated Access Checking customer. If easy access to a physical branch is important to you, note that the bank has locations in Illinois, Minnesota and Wisconsin, but members have free access to MoneyPass ATMs nationwide. Account must remain open for a minimum of 12 months; if you close it early, Associated Bank reserves the right to deduct the paid out bonus before account closure.

Sign up: Visit this Associated Bank account sign-up page and select the appropriate account.

Offer expires May 31, 2021.

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10. Huntington Asterisk-Free Checking: $150

Bonus: $150

To qualify: Open a new Huntington Asterisk-Free Checking account, deposit $1,000 within 60 days, and keep it open for at least 90 days.

Limitations: This offer is limited to residents of Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia.

Sign up: Click “apply online” under the Asterisk-Free Checking account on this page to have the bonus applied.

Offer expires October 7, 2020.

11. Huntington 5 Checking: $200

Bonus: $200

To qualify: Open a new Huntington 5 Checking account, deposit $1,000 within 60 days, and keep it open for at least 90 days.

Limitations: This offer is limited to residents of Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia.

Sign up: Click “apply online” under the 5 Checking account on this page to have the bonus applied.

Offer expires October 7, 2020.

12. Huntington 25 Checking: $500

Bonus: $500

To qualify: Open a new Huntington 5 Checking account, deposit at least $15,000 cumulatively within 60 days, and keep it open for at least 90 days.

Limitations: This offer is limited to residents of Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia.

Sign up: Click “apply online” on this page to have the bonus applied.

Offer expires October 7, 2020.

How to Search for Bank Promotions on Your Own

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In the spirit of not listing approximately 193 bank promotions, we kept this list short and sweet — only highlighting the best bank promotions for checking and savings accounts.

But maybe you’re interested in banking with your local credit union, opening up a small business checking account or finding the perfect investment account? There are often bonus offers attached to these account openings, too.

The banks don’t always make finding these promotions easy, so here are a few tips to help you get your hands on that cash bonus.

  • Check the bank’s website first. Sometimes it’ll advertise its promotions right there. This is rare, but it’s worth a quick check — it could save you a ton of time.
  • If you don’t have any luck, reach out to the bank’s customer service team through phone, email or chat. Let them know you’re shopping for a new account, and you’d like to know if it’s running any promotions. More often than not, the nice representative will send you a special link.
  • If this doesn’t work, turn to your trusty friend Google. Look for the best bank promotions. Because you’ll likely dig up some offers from third-party sites, you’ll want to take a few minutes to make sure the offer:
    • Hasn’t expired.
    • Is legitimate. Make sure the bank is FDIC-insured and has a positive Better Business Bureau rating. You can even read some online reviews.
    • Doesn’t require outrageous qualifying activities. For example, it might not be realistic for you to maintain an average daily balance of $50,000 and carry out 60 qualifying debit card purchases before the end of your first 30-day statement cycle.
  • You can also reach out to your family, friends and social network to crowdsource bank recommendations. Sometimes banks have impressive referral programs, so both you and your friend could benefit from you signing up.

Overall, be smart. Don’t let that promise of an account bonus blind you. Also, read the fine print so you don’t get stuck paying high monthly fees, interest rates or closing penalties.

Will Opening a Bank Account Hurt Your Credit Score?

If you’re worried that opening a new bank account or closing an old one will hurt your credit score, don’t be. Your bank accounts are not included in your credit report and therefore have no effect on your score, unless you have an outstanding negative balance that the bank turns over to a collection agency.

Sometimes when you go to open a new bank account, banks will do a soft credit check. However, that won’t affect your score.

Now, go enjoy your fresh new bank account and that nice cash bonus you’re about to pocket. Add it to your savings account, put it toward student loan payments or, heck, treat yourself!

*Chase Fine Print

Checking offer is not available to existing Chase checking customers, those with fiduciary accounts, or those whose accounts have been closed within 90 days or closed with a negative balance. To receive the $150 checking bonus: 1) Open a new Chase Total Checking account, which is subject to approval; 2) Deposit $25 or more at account opening; AND 3) Have your direct deposit made to this account within 60 days of account opening. Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. After you have completed all the above requirements, we’ll deposit the bonus in your new account within 10 business days. You can only receive one new checking account-related bonus per calendar year. Bonus is considered interest and will be reported on IRS Form 1099-INT.

Account Closing: If your checking account is closed within six months after opening, we will deduct the bonus amount at closing.

Editorial Disclosure: This content is not provided by the bank advertiser. Opinions expressed here are the author’s alone, not those of the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program.