Bonus promotions for new accounts in banks

Here are some common bonus promotions that banks offer to new account holders:

1. Sign-up bonuses: A one-time payment or deposit made into the new account, usually ranging from $100 to $500.
2. High-yield interest rates: Temporary or permanent interest rate increases on new accounts, often for a limited time.
3. Cashback rewards: A percentage of purchases or deposits returned to the account holder, usually as a credit or deposit.
4. Free services: Complimentary services like checks, debit cards, or ATM usage for a set period.
5. Referral incentives: Rewards for referring friends or family to open new accounts, such as cash or bonus points.
6. Account maintenance fee waivers: Temporary or permanent waivers of monthly maintenance fees for new accounts.
7. Overdraft protection: Temporary or permanent overdraft protection programs with no fees or low fees.
8. Mobile banking perks: Exclusive offers or rewards for using mobile banking apps, such as cashback or discounts.
9. Student account benefits: Special offers or discounts for students, such as fee waivers or higher interest rates.
10. Business account incentives: Discounts or rewards for businesses that open new accounts, such as lower fees or higher interest rates.
11. Direct deposit bonuses: Bonuses for setting up direct deposit, such as a one-time payment or increased interest rates.
12. Sweep accounts: Temporary or permanent sweep accounts that earn higher interest rates or offer additional benefits.
13. Account linking bonuses: Bonuses for linking multiple accounts, such as a checking and savings account.
14. Credit card sign-up bonuses: Bonuses for applying for a credit card and meeting specific spending requirements.
15. Digital banking bonuses: Bonuses for using digital banking services, such as online bill pay or mobile deposit.

Some examples of banks that offer these types of promotions include:

• Chase Bank: Offers a $200 bonus for opening a new checking account and meeting certain requirements.
• Bank of America: Offers a $100 bonus for opening a new checking account and setting up direct deposit.
• Wells Fargo: Offers a $200 bonus for opening a new checking account and meeting certain requirements.
• Capital One: Offers a $100 bonus for opening a new 360 Checking account and setting up direct deposit.
• Ally Bank: Offers a $250 bonus for opening a new checking account and meeting certain requirements.

Please note that these promotions are subject to change and may have specific requirements or restrictions. It's always a good idea to review the terms and conditions before opening a new account.