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Best checking account bonuses for July 2020

These accounts offer perks just for signing up.

Updated

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Checking account bonuses can incentivize you to open a specific account, but the bonus might not be worth the hassle if the underlying account is subpar. In order to determine which bonuses were worth it, we looked into the accounts they were attached to and the conditions required to earn the bonus. Our criteria for selecting these accounts include fees, minimum balance requirements, account features, and of course, the bonus amount and conditions.

Best checking accounts with sign up bonuses

Chase Premier Plus Checking account: $300 signup bonus

  • Bonus amount: $300
  • Minimum deposit required: $0
  • Monthly fee: $25

HSBC Premier Checking: Up to $700 cash back

  • Bonus amount: $700
  • Minimum deposit required: $1
  • Monthly fee: $50
Suntr bank logo

SunTrust Essential Checking: $200 signup bonus

  • Bonus amount: $200
  • Minimum deposit required: $100
  • Monthly fee: $7
Fifth Third bank logo

Fifth Third Bank Checking: $250 signup bonus

  • Bonus amount: $250
  • Minimum deposit required: $0
  • Monthly fee: $0

How to choose the best checking account

Consider this criteria when you’re deciding if an account is right for you:

  • Bonus amount and conditions.Make sure the bonus amount is worth the conditions — and that you can meet them.
  • Monthly fee. See if you can avoid the monthly fee or that fits into your monthly budget.
  • Account features.Keep an eye out for features like mobile banking and rewards that could make the account more convenient.
  • Opening deposit or minimum balance. Calculate that you can afford the opening deposit and meet the minimum balance requirements to avoid fees.
  • ATM and branch access. Find out how many ATMs and branches there are to access your money when you need it.

Bottom line

Finding a checking account with a bonus is easy money in your hand. Get a head start on growing your account balance and compare your options to find an account that suits your needs.

Compare other top checking account bonuses

Name Product Fee Intro or bonus offer
HSBC Premier Checking
$50/month
(can be waived)
Get up to $700 (max. $120 per month) for eligible new customers who open an HSBC Premier checking account. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.
Get up to $700 (max. $120 per month) for eligible new customers who open an HSBC Premier checking account. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.
Chase Total Checking
$12/month
(can be waived)
Get a $200 bonus when you open a new Chase Total Checking account and set up direct deposit within 60 days of opening your account. Offer valid through 7/20/2020.
Get a $200 bonus when you open a new Chase Total Checking account and set up direct deposit within 60 days of opening your account. Chase's simplest checking account is easy to use and gives you access to 16,000 ATMs and nearly 4,900 branches. Available online nationwide except in Alaska, Hawaii and Puerto Rico.
Chase Premier Plus Checking
$25/month
(can be waived)
$300 bonus when you open this account and sign up for direct deposit before 10/14/2020. Available online nationwide except in Alaska, Hawaii and Puerto Rico.
Get a $300 signup bonus as a new Chase checking customer when you open a Chase Premier Plus Checking account and set up direct deposit. Available online nationwide except in Alaska, Hawaii and Puerto Rico.
Aspiration Spend & Save Account
$0
New customers get a $100 bonus when they open an account and spend $1,000 in the first 60 days
A spend and save combo account with no monthly service fees, free access to every ATM in the world, unlimited cash back rewards and deposits insured by the FDIC. The Aspiration Spend & Save Account is a cash management account offering of Aspiration Financial, LLC, an SEC-registered broker-dealer. Aspiration is not a chartered bank.
TD Beyond Checking
$25/month
(can be waived)
Earn $300 when you open this account and receive direct deposits of at least $2,500 within 60 days of opening.
A checking account that offers interest plus three ways to waive the monthly fee, two overdraft paybacks a year and no ATM fees with a $2,500 balance.
TD Convenience Checking℠
$15/month
(can be waived)
Earn $150 when you receive direct deposits totaling $500 or more within 60 days.
Offering digital wallet compatibility, free Zelle transfers, TD rate discounts and no fees for students and young adults age 17 to 23. But the $15 monthly maintenance fee could chip at your funds.
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