8 Highest Paying Checking Account Bonuses in 2023

4 minute read

By TrendSearchersAdmin

Stretching your dollars is essential, which is why many are always looking for new ways to earn more. Fortunately, with a search online, you can learn more about the eight highest paying checking account bonuses, which are available right now.

These promotions can lead to higher savings yields, better returns, and more money in your pocket. Whether you’re saving for retirement or a weekend away, a larger bank balance is rarely a bad thing.

Checking vs. Savings Account

A checking account is primarily for everyday transactions like bill payments, while a savings account is designed for longer-term deposits. The former usually offers lower interest rates but higher accessibility, and the latter offers higher interest rates but may have withdrawal limitations.

It’s crucial to understand the differences to make an informed decision. By researching online, you can compare interest rates, fees, and bonus offers to get the most out of your money.

Bank vs. Credit Union

Banks are for-profit entities, while credit unions are not-for-profit and member-owned. This often results in credit unions offering better rates and lower fees, but banks tend to have more branches and advanced tech features.

Both offer checking account bonuses, so it’s essential to compare them to see what suits you best. Now let’s take a look at the most lucrative checking account bonuses of 2023!

SoFi Checking and Savings Account

SoFi offers a hybrid account that combines the features of both checking and savings. With a current bonus of up to $250 for new account holders who meet certain requirements, it’s a compelling option. 1

The account also offers no monthly fees and high interest rates. By digging deeper online, you’ll find more reasons why SoFi’s hybrid account could be the right fit for you.

CITI Citigold Checking Account

CITI’s Citigold account is targeted at higher-income customers. The checking account bonus is impressive, offering up to $2,000 when you fulfill the set criteria. 2

However, the account comes with a $200 monthly service fee unless you maintain a high balance. Be sure to review all the fine print and criteria online to make sure this high-rolling account matches your financial needs.

Chase Total Checking Account

Chase is offering a $200 bonus for new Total Checking accounts. It has a low minimum balance requirement and features like mobile check deposits. 3

Keep in mind that there’s a monthly service fee unless certain conditions are met. Looking into Chase’s terms and conditions online will help you understand if this checking account bonus is the right opportunity for you.

Bank of America Advantage Plus Banking

Bank of America’s Advantage Plus Banking offers a $100 bonus for new account holders. 4 This account has a low balance requirement but comes with a $12 monthly maintenance fee, which can be waived under specific conditions.

It’s important to check the terms online before opening an account to make sure it aligns with your financial habits.

TD Bank Beyond Checking Account

TD Bank offers a $300 bonus for their Beyond Checking Account. 5 To earn this bonus, you must receive direct deposits totaling $2,500 or more within 60 days.

While the bonus is generous, the account has a $25 monthly fee, which is waived if you maintain a $2,500 minimum daily balance. Research online to see if this account’s features and fees align with your financial goals.

HSBC Premier Checking

HSBC offers a substantial $500 welcome bonus for their Premier Checking account. 6 However, this account targets high-net-worth individuals and has stringent criteria for waiving its $50 monthly fee.

It’s a good option if you can maintain a high balance. Search online to examine if this premium account suits your lifestyle and needs.

U.S. Bank’s Bank Smartly Checking

U.S. Bank is offering a $400 bonus for its Bank Smartly Checking account. 7 There’s a $14.95 monthly fee, which can be waived with combined monthly direct deposits of $2,000 or more.

The account also offers additional features like free checks. It’s advisable to go through the specifics online to make an informed choice.

Axos Bank Rewards Checking

Axos Bank is offering up to a $300 bonus with its Rewards Checking account. 8 There’s no monthly fee, and it offers an excellent interest rate.

However, the account requires you to set up direct deposit to qualify for the bonus. Check the bonus requirements and terms online to see if this digital bank meets your expectations.

Find the Right Checking Account – and Get Paid!

In summary, checking account bonuses can add significant value to your banking experience. By understanding your options and doing some online research, you can find the one that best suits your needs and maximizes your financial growth.

Just by becoming a member, you could receive a significant bonus! So take a little extra time today to find the right fit, and you could add a cushion to your savings, reduce your debt load, or even fund your next vacation.




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