Unlock December 2024’s Top Checking Account Bonuses Today!
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Did you know that those enticing checking account bonuses you see advertised come with a catch? That bonus cash is taxed as income! That’s right! By year-end, your bank will likely send you a Form 1099 to report that bonus, which means it’s crucial to declare it on your taxes—whether you receive that form or not. Knowledge is power, so be prepared!
Why You Should Trust Us
Since its inception in 1999, we’ve committed ourselves to helping you navigate the financial landscape. As of May 2024, our team tirelessly curates the best checking account bonuses available, ensuring you have the most current and relevant information at your fingertips. By diving directly into bank websites, we objectively rank promotions based on bonus amounts, requirements, and returns on deposit. Our dedicated research, editorial, and compliance teams are always on the lookout for the hottest banking bonuses, so you can unlock extra cash while opening new accounts!
How We Pick the Best Checking Account Bonuses
Our expert teams dive deep into the world of checking account promotions, analyzing and ranking them with precision. We gather and maintain a wealth of data on various personal and business checking account offers from 24 banks, ensuring you have access to the best of the best. This information is constantly updated, reflecting the latest promotions as they emerge and expire, so you’ll always be in the loop.
Each promotion is scrutinized based on bonus amounts, requirements, and the return on deposit—that’s how much you earn relative to your required deposit. To make it onto our coveted list, a checking account bonus must offer at least $300, with a return on deposit of no less than 10%. For business checking accounts, the benchmarks are a minimum of $300 and a return of at least 4%. We’re dedicated to helping you make the best financial choices possible!
Exciting news for new and existing Checking and Savings members! Set up Direct Deposit of at least $1,000 during the Direct Deposit Bonus Period and watch your cash bonus grow! This promotion kicks off on 12/7/2023 and runs through 12/31/2024. For full terms, check out sofi.com/banking. With SoFi Checking and Savings, members can earn 4.00% annual percentage yield (APY) on savings, and there’s no minimum Direct Deposit necessary to qualify for that juicy interest rate! Interest rates can fluctuate, but the benefits? They’re real!
Members who maintain Direct Deposit or have $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can snag an amazing 4.00% APY on savings! But don’t worry—if you don’t have Direct Deposit or Qualifying Deposits, you’ll still earn 1.20% APY on your savings. Remember, only SoFi members with Direct Deposit are eligible for additional SoFi Plus perks. Get the most out of your money while keeping your funds secure!
