Top 7 Deals Under $325 You Can’t Miss This December 2024!

Are you on the hunt for a new personal checking account? Well, why not snag one that comes with a shiny sign-up bonus? These enticing one-time cash bonuses are like a welcome mat rolled out by banks and credit unions, designed to draw in new customers like you.

While a cash bonus is certainly a cherry on top, it’s not the only ingredient to consider when picking your perfect checking account. Our expert team has rolled up their sleeves and compared over 20 of the leading checking accounts from FDIC-member institutions, zeroing in on the cream of the crop that are currently dishing out new account bonuses. (Click here for the full scoop on our methodology).

Related: Dive into our top 10 picks for the best free checking accounts available now >>

Interest rates, fees, and account requirements are accurate as of the publication date. Always double-check with your financial institution for the latest details.

Checking Account Highlights:

Looking for a modern twist on your banking experience? Check out the Online Bank Account from SoFi! This account combines the best of checking and high-yield saving, allowing you to earn up to a whopping 4.50% APY when you hit specific benchmarks. With absolutely no monthly fees and no minimum balance requirements, it’s a win-win. Plus, if you maintain a balance of at least $1,000 and set up direct deposit, you can avoid up to $50 in overdraft fees!

Now, here’s the kicker: SoFi is rolling out a sweet new account bonus of up to $300! To grab this bonus, just make a direct deposit of $1,000 or more from your employer or another approved source. You’ll pocket a $50 cash bonus for deposits between $1,000 and $4,999.99, or a grand total of $300 for $5,000 or more deposited. This offer is available until December 31, 2024!

Discover more about SoFi in our in-depth review

Checking Account Highlights:

Citi’s Access Checking Account comes with a modest $5 monthly service fee that you can wave goodbye to by meeting simple requirements. Enjoy zero overdraft fees and access to a network of over 65,000 ATMs without breaking the bank.

Currently, this account is offering a $325 bonus for those who open a new eligible Citi® Checking account and deposit at least two Enhanced Direct Deposits directly into the account within 90 days of opening. Just make sure your total Enhanced Direct Deposits reach $3,000 or more!

Your bonus will arrive as a credit within 30 days after you complete the required activities. This offer runs through January 7, 2025.

Checking Account Highlights:

Citi’s Regular Checking Account also offers the $325 cash bonus with the same eligibility requirements. However, be aware that this account comes with a slightly higher monthly fee, which can also be waived if you meet the specified criteria.

Checking Account Highlights:

For those seeking a hassle-free option, the Chase Secure Banking Account boasts no overdraft fees, early direct deposit, and a $100 bonus for new customers.

To claim this cash bonus, simply open a new Chase Secure Banking account online or grab a coupon to open your account in person at a Chase branch. Next, complete 10 qualifying transactions within 60 days of opening, including debit card purchases and Zelle payments. Your bonus will be deposited within 15 days after completing these steps. This offer is valid until January 22, 2025.

Keep in mind that there is a $4.95 monthly service fee, which can be avoided by ensuring you have qualifying electronic deposits totaling $250 or more during each statement period.

Checking Account Highlights:

Bank of America’s SafeBalance account is ideal for those who want straightforward banking with a waivable $4.95 monthly fee, no overdraft fees, and robust fraud monitoring tools. Open an account online and you could snag a $300 bonus!

To tap into this bonus, simply open your new account online using the offer code “LHR300CIS” by January 31, 2025. Then, set up qualifying direct deposits totaling $2,000 or more within 90 days of opening.

Once you’ve met these requirements, expect your bonus to hit your account within 60 days.

Checking Account Highlights:

TD’s Beyond Checking account offers a step up from traditional checking options. You can waive monthly and ATM fees by maintaining certain balances, and you’ll also benefit from early direct deposit and overdraft relief. Plus, there’s a limited-time cash bonus available!

Open a new TD Beyond Checking account and have $2,500 or more in direct deposits within 60 days of opening to qualify for a $300 bonus—this offer ends December 31, 2024.

Checking Account Highlights:

TD’s Complete Checking account is a simpler version of the Beyond account. You can waive monthly and ATM fees with specific requirements in place.

To earn a bonus with this account, ensure you have $500 or more in direct deposits within 60 days of opening. Meet the criteria, and you’ll qualify for a $200 bonus—this offer also ends December 31, 2024.

Bank account bonuses are tempting cash incentives for new customers, but keep in mind that most banks have specific requirements you’ll need to meet to qualify.

These criteria can vary significantly from one bank to another and may involve minimum amounts in direct deposits, maintaining a good standing for the account, or signing up for additional products.

Once you’ve fulfilled all the requirements, you can typically expect your bonus to show up in your account within a few business days. But beware: some banks may impose penalties if you close your account shortly after receiving your bonus, so read the fine print!

While luring you with a cash bonus can be enticing, it’s crucial to weigh the pros and cons before diving in. Here’s what to consider:

Pros:

• It’s free money! Any cash bonus is a little extra breathing room in your budget, which can really help ease those financial bumps!

• A reason to switch banks. If your current bank isn’t cutting it, this is the perfect chance to snag better perks or lower fees!

Cons:

• Bonuses are taxable. Keep in mind that bonuses are considered taxable income, which can add up come tax season.

• Extra requirements may apply. Banks design these promotions to keep you as a customer, so be prepared for a list of conditions to qualify for the full bonus amount.

Before jumping on a checking account bonus, consider these vital factors to make sure it’s a smart financial move:

• Bonus amount: The size of the bonus is crucial, especially against the requirements you’ll need to meet to earn it.

• Minimum balance: Some banks expect you to maintain a minimum balance—make sure it’s something you can manage!

• Direct deposit requirements: Many bonuses hinge on setting up a direct deposit, so ensure your income can qualify.

• Transaction requirements: Some accounts demand a minimum number of transactions—make sure it fits your spending habits!

• Monthly fees: Avoid accounts with monthly fees if you can; if they do exist, ensure they can be waived.

• Account features: Look beyond the bonus—what benefits does the account itself offer? Free checks, online banking, and a top-notch mobile app can make a big difference!

• Interest rates: While checking accounts are typically low on interest, some do offer attractive rates that can add up if you keep a high balance.

Yes, remember that bank account bonuses are taxable! Your bank may send you a 1099-INT or 1099-MISC form to help with tax filing, but even if you don’t receive one, it’s essential to report that bonus income to the IRS.

Typically, banks have guidelines on when you can close your account after receiving a bonus. Closing right after cashing in on your bonus might lead to penalties, so check those terms and conditions!

Expect your bank to deposit your bonus within a few business days after meeting the requirements. If you’re uncertain, just reach out to your bank or check your account terms for clarity.

Thinking about opening multiple accounts to take advantage of bonuses? Generally, there’s no cap on how many checking or deposit accounts you can hold, as long as you manage them effectively.

Bonus requirements can differ by bank. Usually, you’ll need to open the account before the offer deadline and keep it open for a minimum of days (often around 60) before receiving any bonuses. Be prepared to meet additional conditions as well.

Bank bonuses are constantly changing, so stay on the lookout! Currently, big names like SoFi, Axos, Chase, Citi, Bank of America, and TD Bank are rolling out checking account bonuses.

To curate our list of the top checking account bonuses, we started with our existing methodology for the best free checking accounts and narrowed it down to those that offer attractive bonuses. We awarded points for the bonus amounts and overall value to deliver the best options for you.