Did you know that banks always want new customers, and they offer big incentives to get them? By opening a checking account, other services like credit cards, car loans and savings accounts may be offered to you from the bank and you can now make up to 300$ just by opening up a bank account.
Why Bank Online?
Online banking earns you more money in a simple way. Since these accounts are 100% online, you won’t be tied to a physical location, which means the bank has less expenses. In turn, this means they can pass those savings on to the consumer. That means you can save money by banking online!
On top of that, many online bank services offer cash bonuses simply for signing up. All you have to do is open an account with them, and they’ll give you a cash bonus. . Instead, you can shop around for the best deals, like the ones we’ve found here. Are you considering switching banks? Then these sign-up bonuses might provide just the kind of incentive you’re looking for.
1. Tangerine Bank – $200 Bonus
To qualify for the Tangerine Bank bonus, you have to start by opening a new account, leaving a $25 deposit and lastly, you’ll need to arrange a 60-day direct deposit. After that, and 10 business days, you’ll see a $200 bonus in your new account.
2. EQ Bank – $150 Bonus
EQ Bank provides an enticing $150 bonus without having you commit a large sum of money. After an in-person or an online sign-up, you need to deposit $10,000 in 20 business days to qualify. To avoid a $5 monthly fee for maintenance, always keep a balance of $300 and tie the account to a direct deposit with a regular schedule.
3. Simplii Financial – $500 Bonus
The bonus Simplii Financial offers is among the largest we were able to find, and they don’t have a significant requirement when it comes to deposits. To get $400 for signing up to their checking and savings account package, you need a deposit within 30 days to the tune of $15,000. If the money stays in your account for a total of 60 days while you make a direct deposit for two consecutive months, you’ll receive an additional $100.
4. Motusbank– Max $360 Bonus per Year
The bonus offered with a sign-up to Motusbank is among the easiest to get. To be eligible, open your new account, make a deposit of any amount, and begin making daily purchases with the included debit card. This can net you a cash back bonus of 1% with a $3,000 monthly limit ($36,000 per annum) and this is automatically put back into your account without any hidden terms or a catch.
5. Alterna Bank– $750 Bonus
The granddaddy of bonuses comes from Alterna Bank with their Premier Checking account on the condition that you deposit $100,000 within the first 30 days. It doesn’t matter whether it’s a saving, checking, or investment account that the deposit ends up in.
Using online banking is incredibly convenient since you can do everything anywhere if you have a mobile device and an internet connection. And since there are no costs associated with physical bank branches, they can use that money for sign-up bonuses. There are incredible offers out there if you’re willing to do some research.
 Brian Martucci. “21 Best New Bank Account Promotions & Offers – July 2020.” Money Crashers, 1 July 2020. https://www.moneycrashers.com/best-new-bank-account-promotions-offers
 Chris Moon. “Average Bank Interest Rates in 2020: Checking Savings, Money Market, and CD Rates.” ValuePenguin. https://www.valuepenguin.com/banking/average-bank-interest-rates
 Nick Clements. “The Best High-Yield Online Savings Accounts in July 2020.” Magnify Money, 7 July 2020. https://www.magnifymoney.com/blog/best-of/the-best-high-yield-online-savings-accounts-in-july-2020