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CASHING IN Nine banks offering up to $1,500 in summer bonuses when you open a new account Anthony Russo

  • Writer: Our Voice by Mupenda
    Our Voice by Mupenda
  • Jun 3, 2022
  • 2 min read

HOSE looking for extra cash this summer may want to consider opening a new bank account. Many 

 out there are looking to acquire new customers - and will offer 

 to lure them in. But keep in mind that you may be required to maintain a 

 to avoid fees, while others might mandate you set up direct deposit.

Also, some have fast-approaching deadlines. In fact, two offers expire today, May 31, which are the first two banks below.

1. Axos Bank 

  • Bonus amount: $150

  • Account type: Rewards checking

  • Minimum balance required: $1,000 for 90 days

2. SoFi 

  • Bonus amount: $50, $100, or $300

  • Account type: Checking and Savings

  • Minimum balance required: $1,000 to $5,000 depending on the bonus desired

If none of these offers work, there are plenty of others you’ll be able to claim at other financial institutions during the summer.

3. TD Bank

4. Citi Bank 

  • Bonus amount: $300, $700, or $1,500

  • Account type: CitiBank, Citi Priority, Basic Banking, Citigold

  • Minimum deposit required: $15,000 to $200,000 depending on the bonus desired, must be deposited within the first 20 days of opening and maintained for 60 days after the 21st day

  • Expires: July 17

5. Wells Fargo 

  • Bonus Amount: $300

  • Account type: Checking

  • Requirements: Must receive $1,000 in qualifying direct deposits and deposit at least $25 when opening

  • Expires: July 15

6. PNC Bank

7. US Bank

  • Bonus Amount: $200, or $400

  • Account type: Checking

  • Direct deposit minimum: Ranges from $2,500 $5,000 depending on the account

  • Expires: June 13

8. Bank of America

  • Bonus amount: $100

  • Account type: Checking

  • Direct deposit minimum: $1,000 or more within 90 days of opening

  • Expires: June 30

9. Chase 

  • Bonus amount: $200

  • Account type: Checking

  • Requirements: Set up direct deposit within 90 days; deposit at least $500 to avoid monthly service fees

  • Expires: July 20

For more on bonuses, thousands of JetBlue employees who do not call out of work between April 8 and May 31 could get $1,000 bonuses.

*Source:The Sun

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