Top Checking Account Bonus Offers: July 2024

BANKING - CHECKING ACCOUNTS
These banks offer an upfront bonus plus ongoing value with rewards. Find out if one of these accounts is a good fit for you.
Updated July 16, 2024
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Top Checking Account Bonus Offers

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Switching bank accounts can be time-consuming, but many of the best banks and credit unions make the process more appealing to new customers by offering introductory bonuses. These bonuses typically come in the form of cold hard cash and may have some additional requirements you need to fulfill before you can earn them.

Those requirements can vary if you’re opening a checking vs. savings account. For instance, if you want to earn a bonus for opening a new checking account, you may need to set up direct deposit, make a certain number of debit card purchases, or deposit a predetermined amount of cash and then maintain a minimum balance for a few months.

It can be challenging to find financial institutions that are running checking offers if you don’t know where to look. To help you with your search, here are some of the top personal checking account bonus offers currently available.

In this article

Top checking account bonus offers from our partners for July 2024

As you shop around and compare checking accounts, the ongoing services a bank or credit union provides are a top priority. However, if you’re trying to decide between two similar options and one financial institution offers an upfront bonus, that could be the tie-breaker to help you make your decision.

  1. SoFi Checking and Savings
  2. U.S. Bank Smartly® Checking
  3. Chase Total Checking®
  4. Axos Rewards Checking
  5. U.S. Bank Business Checking
  6. Truist One Checking

Compare the top checking account bonus offers

Bank account Bonus amount Bonus eligibility requirements Bonus offer expiration date
SoFi Checking and Savings $50 or $300 Qualifying direct deposit within 25 days of $1,000 to $4,999.99 for a $50 cash bonus or $5,000 or more for a $300 cash bonus Dec. 31, 2024
U.S. Bank Smartly® Checking Up to $450 Online banking or mobile app enrollment and make two or more direct deposits totaling $2,000 to $4,999.99 to earn $250, $5,000 to $7,999.99 to earn $350, or $8,000 or more to earn $450
Sep. 26, 2024
Chase Total Checking® $300 Qualifying direct deposits totaling $500 or more within 90 days Oct. 16, 2024
Axos Rewards Checking Up to $500 Account funding within 30 days of account opening and qualifying direct deposits of at least $5,000 each calendar month during the first seven months with a maintained minimum average daily balance of $7,000 Jul. 31, 2024
U.S. Bank Business Checking $300 or $800 Qualifying new money deposit of $5,000 for a $300 bonus or $30,000 for an $800 bonus within 30 days of account opening that’s maintained for 60 days Sep. 16, 2024
Truist One Checking $4001 At least one qualifying direct deposit of $500 or more and complete at least 15 qualifying debit card purchases within 90 days of account opening Jun. 26, 2024

SoFi Checking and Savings2: Up to $300

Here’s an offer you can’t miss. The SoFi Checking and Savings account can help you earn up to 4.60% APY3 with qualifying direct deposits while also getting a bonus of up to $300.

You simply need to open a SoFi account, set up a direct deposit, and complete qualifying activities.4

To earn $50: Receive at least one qualifying direct deposit of $1,000 to $4,999.99 from an employer, payroll, benefits provider, or government agency. Keep in mind that check deposits, PayPal, Venmo, and external bank ACH transfers not from employers, don’t count.

To earn $300: Receive a total of $5,000 or more in qualifying direct deposits from an employer, payroll, benefits provider, or government agency. Keep in mind that each direct deposit should be $1,000 or more to count toward the required activity for the bonus.

You have 25 days from the first direct deposit you receive to complete one of the activities above. Make sure to receive $5,000 or more within this period if you’re aiming for the $300 bonus.

This is a simple bonus to earn. To qualify for this offer, apply for an account and submit at least one direct deposit with SoFi before Dec. 31, 2024.

Open a SoFi Checking and Savings account.

SoFi Checking and Savings Benefits

  • Earn up to a $300 bonus and up to 4.60% APY2 on your money
  • No account, overdraft, or monthly fees
  • Get your paycheck up to two days early5
  • Savings of up to 20% or more on select trips booked through SoFi Travel
  • Access additional FDIC insurance up to $2 million

U.S. Bank Smartly® Checking6: Up to $450 bonus

The U.S. Bank Smartly Checking account gives you an opportunity to earn up to $450.

To get started, open a U.S. Bank Smartly Checking account, then enroll in online banking or the U.S. Bank mobile app within 90 days. (This step is crucial to qualify for the bonus.) You’ll also need to make two or more direct deposits totaling $2,000 to $4,999.99 to earn $250, $5,000 to $7,999.99 to earn $350, or $8,000 or more to earn $450.

Just make sure that the direct deposits you receive are an electronic deposit of your paycheck or government benefits from your employer or the government. Other electronic deposits, check deposits, or person-to-person payments won't be considered qualifying direct deposits for this offer. Fund your new account within 30 days to start qualifying activities.

This offer is available until Sep. 26, 2024. (Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.)

Open a U.S. Bank Smartly Checking account.

U.S. Bank Smartly®️ Checking Benefits

  • Earn up to $450 when you open a new U.S. Bank Smartly® Checking account and complete qualifying activities
  • Subject to certain terms and limitations
  • Offer valid through September 26, 2024
  • Member FDIC
  • Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm

Chase Total Checking®: $300 bonus

Chase is ready to pay you to give their Chase Total Checking account a try.

You can receive a $300 bonus when you open a new Chase Total Checking account with qualifying activities.

To earn $300: Make qualifying direct deposits totaling $500 or more within 90 days of coupon enrollment. This includes payments from payroll providers or government benefit providers. Other electronic and check deposits, as well as person-to-person payments, are not considered direct deposits.

You can expect to receive this bonus within 15 days of completing the requirements. This makes it an easy and simple bonus to earn.

Open a Chase Total Checking® account.

Chase Total Checking® Benefits

  • Get a $300 bonus when you open a Chase Total Checking® account with qualifying activities; offer valid through October 16, 20247
  • Access to more than 15,000 ATMs and more than 4,700 branches
  • Manage all your accounts from the Chase Mobile® app
  • Monthly Service Fee as low as $0 when you meet qualifying electronic deposits or account balance minimums8
  • Member FDIC

Axos Rewards Checking: Up to $500

The Axos Rewards Checking account can help you boost your earnings this year. You can earn up to $500 in a few steps.

To earn this bonus, use the promo code "RC500" when you apply for an Axos Rewards Checking account, then meet the following qualifying requirements.

To earn up to $500: Fund your account within 30 days of account opening. Ensure you have qualifying direct deposits totaling at least $5,000 each calendar month during the first seven months your account is open. You also need to maintain a minimum average daily balance of $7,000 in your Rewards Checking account for these seven months.

Keep in mind that this limited-time offer is available only until July. 31, 2024, so don't miss out.

Open an Axos Rewards Checking account.

Axos Bank Rewards Checking Benefits

  • Offer valid through July 31, 2024; Member FDIC
  • Zero monthly maintenance fees, overdraft or NSF fees, or minimum monthly balance requirements, and $0 annual fee
  • No initial deposit requirement and unlimited domestic ATM fee reimbursement
  • Earn up to 3.30% APY.9

Boost your cash flow with up to a $800 bonus with this powerful account

We hate to tell you this, really. But if you aren’t using the U.S. Bank Business checking account, you could be missing out on extra cash — up to $800.

Don’t worry, though … there’s an easy fix.

Open a new U.S. Bank Business Checking account online using the promo code Q3AFL24 and complete qualifying activities. Subject to certain terms and limitations. Offer valid through September 16, 2024. Member FDIC.

To earn up to $300: Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.

To earn up to $800: Complete $30,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.

This is practically passive income … and a great way to supercharge your cash flow this year.

Hurry, this is a limited-time offer and is only valid through September 16, 2024.

Open a U.S. Bank Business Checking account

U.S. Bank Business Checking Benefits

  • Earn up to a $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL24 and complete qualifying activities
  • Subject to certain terms and limitations
  • Offer valid through September 16, 2024
  • Member FDIC

Truist One Checking: $4001

Truist is offering new checking account owners a $400 bonus with qualifying activities. To earn this bonus, you must use the promo code "TRUIST400AFL24" when you apply for a Truist One Checking account online and meet the following requirements.

To earn $400: Receive at least one qualifying direct deposit of $500 or more AND complete at least 15 qualifying debit card purchases within 90 days of account opening. All debit purchases must be posted to your account in order to qualify.

The reward will be deposited to your new checking account within four weeks after the qualification requirements have been met and verified. To receive the bonus, your new checking account must be open and in good standing with a balance of at least $0.01 at the time of Truist verification and until the reward is deposited.

Keep in mind that this limited-time offer is available only until Jun. 26, 2024.

Open a Truist One Checking account

Other top checking accounts to consider

Bank of America Advantage Banking

$200 bonus offer. Click 'Open Account' for more details. Bank of America, N.A. Member FDIC.

Open Account

How to pick which checking account bonus offer is for you

There’s no single best checking account out there, and these are far from the only banks that provide checking bonus offers. You’ll want to also consider monthly maintenance fees, interest rates, balance requirements, FDIC insurance, and other factors before you decide on a particular consumer checking account. 

To determine which account is the best for you, think about the steps you need to take to earn the bonus:

  • If you think you might have a hard time meeting a spending requirement or deposit requirement, that could make it challenging to earn some bonuses. Compare the requirements to what you can easily make happen.
  • Think about what you want out of a checking account beyond the initial bonus. If one account can give you more long-term value based on your spending habits, it could be a better fit.
  • Also, consider if you prefer online banking or if you want to do in-person banking on occasion. Online banks can offer a great deal if you don't feel a need to access a physical branch of your bank.

Additionally, some of these banks only operate in certain states, so make sure to read their terms and conditions to see if the account you're interested in is available to you.

Lastly, it’s important to understand that you don’t have to limit yourself to just one account. Depending on your spending habits and goals, you may be able to maximize your rewards by using multiple accounts to take advantage of their unique features.

Top checking account bonus offers: bottom line

Checking account bonuses aren’t exactly rare, but it’s not always easy to find them. If you’re looking for both upfront and long-term value, the checking accounts from the financial institutions listed above offer some incredible opportunities. However, it’s important to take your time to shop around and compare multiple options based on their sign-up bonuses and other features that could add value to your banking experience.

Methodology

To choose the top checking account bonus offers, we compared checking accounts offered by multiple banks. We assessed each product’s bonus offer, as well as features like minimum deposit requirements and fees. We did not include all available options.

Discover®️ Cashback Debit Benefits

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  • No minimum deposit, no minimum balance, and no account fees
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  • 60K+ fee-free ATMs and make cash deposits at Walmart stores nationwide

Author Details

Ben Luthi Ben is a personal finance and travel writer who loves helping people achieve their money goals. Along with FinanceBuzz, his writing has also been featured on U.S. News, NerdWallet, Experian, Credit Karma, and more.
Yahia Barakah, CEPF Yahia Barakah, CEPF, is a Senior Editor at FinanceBuzz and has created finance-focused content since 2011. As a Certified Educator of Personal Finance, he has a background in institutional investment and asset management, as well as a deep passion for financial literacy.