October is another good month for bank promotions from both large, small banks and credit unions. Banks give away big bonuses or free cash to attract new customers and keep them on as a long term customer.
There are so many banks to choose from whether brick and mortar or online and it’s important to find one that suits your needs. Make sure to weigh if you wish to earn high interest, have no fees, earn rewards, or just have basic free checking. You can have your cake and eat it too when you get the perfect account with one of these top bank bonuses.
If you’re seeking a new bank bonus for this month here are some options to not miss out on:
Top Bank Account Bonuses (October 2015)
1. PNC Bank – $400 Bonus
The PNC Bank offers downfall is that it’s only good for residents of AL, DC, DE, FL, GA, IL, IN, KY, MD, MI, MO, NC, NJ, NY, OH, PA, SC, VA, WI, and District of Columbia. When you open a new Virtual Wallet at PNC Bank with Performance Select, you can earn a $400 cash bonus. Just set up a qualifying direct deposit of at least $5000 and make one online bill payment through your online bill payment account. Both requirements must be met within 60 days of account opening, and your bonus will be deposited into your account within 60 days of fulfilling them. This offer expires at the end of the year so you still have a few months to act on it.
2. Capital One 360 Savings – Up to $500 Bonus
Open your first 360 Savings Account by the promotion expiration date on 11/30/2015. Not valid for those who have had Savings with Capital One 360 or ING DIRECT before. Deposit at least $5,000 or more from an external account in the first 10 days of opening your account then must then maintain that balance every day for 90 days to qualify for a minimum $50 bonus. If you deposit and maintain a higher balance in the time period, you can earn a higher bonus. The bonus amount depends on the amount you deposit: $10,000+ for a $100 bonus, $20,000+ for a $200 bonus, $30,000+ for a $300 bonus, $40,000+ for a $400 bonus, and $50,000+ for a $500 bonus. Your bonus will be deposited into your account within 10-15 business days after the 90 day period expires.
3. Chase Checking + Savings – Up to $250 Bonus
You can get a $150 bonus for Chase Total Checking and a $100 bonus for Chase Savings. Open a new Chase Total Checking account with a minimum of $25 and a qualifying direct deposit made within 60 days. You’ll then receive a $150 bonus within 10 business days. Open a new Chase Savings account and deposit at least $10,000 within 10 business days and maintain a $10,000 balance or more for 90 days from when the deposit was made, you’ll receive a $100 bonus within 10 business days. In order to receive these bonuses, you’ll need to enter in your email on our contact page and take the coupon to a local Chase branch. Offer expires on January 15, 2016.
4. Chase Premier Plus Checking – $300 Bonus
Here’s a separate bonus offer of $300 for the Chase Premier Plus Checking account, which is a step up from the Chase Total Checking account mentioned above. The Premier Plus account has a monthly service fee of $25, but it is waived if you either keep an average daily balance of at least $15,000 between all of your Chase accounts (checking, savings, and other balances), or you set up automatic payments to your qualifying Chase mortgage. To get the bonus you need to open this account with a deposit of at least $25 with a direct deposit to the account. You have until January 15, 2016 to act on this offer.
5. Discover Bank – Up to $120 Bonus
Discover credit card holders who open a new Cashback Checking account can earn as much as $120 each year. Open the account with at least $25, then you earn ten cents in rewards every time you write a check, pay a bill online, or make a debit card purchase. You receive this reward on up to 100 transactions per month.
6. BMO Harris – $200 Cash Bonus
When you open a new BMO Harris checking account by January 22, 2016, with a minimum opening deposit of at least $100 and set up a qualifying direct deposit of at least $300 monthly within 60 days of opening the account. You can apply online or get a coupon emailed to you which you can take to a local branch. Expect your bonus within 120 days of opening the account.
7. Bank of America – $100 Bonus
You have until the end of the year to open a new qualifying checking account at Bank of America using promo code BAW100N. This does not count for those who currently have a personal checking account with Bank of America. To qualify you need to set up direct deposits which total at least $2,000 every 30 days from the time you open the account for 90 days. Then your bonus shall come within 90 days.
8. Citibank – $100 Bonus
Open a new checking account at Citibank by Halloween and fund the account with at least $10,000 within one month of opening it. Keep a balance of at least $10,000 for the following 30 days, and your bonus should appear in your account within 90 days from the end of the month in which you met the requirements. You can phone them to open the account by calling Citibank at 1-866-458-0938 by mentioning promo code 42LJS8HCTH.
9. Nationwide – Up to $75 Cash Bonus
Nationwide E-Checking account gives you up to a $75 bonus using promo code 01020005. Set up direct deposit of at least $200 monthly within 60 days of opening the account, and you’ll receive $25 deposited into your account within approximately 90 days. Then open a money market savings account using promo code 01070004 with at least $250, sign up for direct deposit (also within 60 days of account opening), and receive another $50, normally within 60 days of your first deposit. You can also open your accounts by phone by calling 1-877-422-6569.
10. Salem Five Bank – $100 Visa Gift Card
Salem Five Bank new accounts will receive a $100 Visa reward card by completing any one of the following three requirements: set up direct deposit and complete two deposits of more than $250, make six online bill payments of more than $25, or make 20 debit card transactions of more than $5. The requirement you choose must be met within 60 days of account opening. Once the requirement is met, you’ll receive your reward card with 4-6 weeks. Promo code is PP2013.
11. Charles Schwab – $100 Bonus
Charles Schwab new accounts with referral code REFERKRCXV can get you a $100 bonus. Just make a qualifying deposit of $10,000 within 45 days of enrollment, and receive a $100 cash bonus. You must maintain your net deposit for at least one year or the bonus may be charged back to you.
12. Santander Bank – $240 Bonus
With a new extra20 checking account from Santander Bank and set up direct deposit you can score up to a $240 bonus. For every month you have at least $1,500 in direct deposits credited to your account, you receive a $10 bonus. For each month you make at least two online bill payments, you receive another $10. That’s as much as a $240 bonus each year. You need to open an extra20 savings account as well since your bonuses are applied there. Fees apply if you don’t have $1,500 in direct deposits in a month of $10.
13. BBVA Compass – $125 in Gift Cards Bonus
If you open an NBA Checking account at BBVA Compass Bank then you’ll be eligible to receive up to $125 in gift cards. First, activate the Bill Play game in your online account, make at least three qualifying bill payments of $50 or more within the first 90 days of game activation, and a redemption button will appear in your online account, good for a $100 NBAStore.com e-gift card. Then, activate the Direct Deposit Dash game in your online account, make two direct deposits of at least $300 within 90 days of game activation, and a redemption button will appear in your online account, good for a $15 Amazon e-gift card. Finally, activate the Swipe for Songs game in your online account, make 40 qualifying check card transactions within 30 days of the first check card transaction (this first transaction must be complete within 90 days of game activation), and a redemption button will appear in your online account, good for a $10 iTunes e-gift card.
14. Citizens Bank – $1,000 Bonus for College Savings
Citizens Bank is currently offering a $1,000 bonus for those who sign up for a CollegeSaver savings account. This is an interest bearing account when you open it before your child’s twelfth birthday and save the monthly minimum amount every year, you’ll receive a $1,000 bonus when your child turns 18. Opening an account earlier than when your child turns twelve will only increase the savings.
15. BankDirect – AAdvantage Miles
If you are into earning miles for your checking account then BankDirect is the way to go with their Mileage Checking Account. You can earn American Airlines AAdvantage miles. You’ll receive 1,000 American AAdvantage miles just for opening an account, 5,000 American AAdvantage miles for initiating direct deposit, 2,000 miles for using BankDirect’s bill pay service for one year, and 1,000 miles for referring a friend. There are other ways to earn miles as well, and some restrictions apply.
We are an unbiased look at the banks and credit unions with bonuses so please inform us through our comments or contact form if you see any big bonuses that we should list.