The best bank account bonuses of June 2021
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Choosing a bank is a big decision.
So many bank accounts come with similar interest rates, minimum opening deposits, ATM fees, and monthly charges. When they start to look interchangeable, a cash bonus can be the tipping point.
Below, we've listed the best bank account bonuses for June 2021. The best promotions are for regional and national banks, and many companies offer hefty bonuses if you follow a few guidelines.
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Best checking account bonuses of June 2021
Many checking accounts have cash promotions worth noticing right now. The following checking account bonuses are listed from largest to smallest.
- Associated Bank (Member FDIC): Up to $500 bonus
- HSBC Premier Checking (Member FDIC): $450 bonus, or 3% cash bonus up to $600
- Investors eAccess Checking Account (Member FDIC): Up to $250 bonus
- PNC Bank Virtual Wallet Checking Pro (Member FDIC): Up to $300 bonus
- Huntington 5 Checking (Member FDIC): $200 bonus
- Huntington Asterisk-Free Checking (Member FDIC): $150 bonus
- Capital One 360 Checking® (Member FDIC): $150 bonus
- Bank of America (Member FDIC): $100 bonus
Read more about each account below:
Associated Access Checking
Bonus amount: Up to $500
Expiration date: June 30, 2021
Who qualifies: You must not have opened an Associated Bank account within the last six months.
What you need to do:
- Open an Associated Bank checking account by June 30, 2021
- Receive at least $500 in direct deposits within 90 days of opening the account
- At the end of 90 days, Associated Bank will add up your average daily balances between days 61 and 90, and your bonus will depend on the sum of your balances. You'll earn $200 for a sum of $1,000 to $4,999.99; $300 for a sum of $5,000 to $9,999.99; $500 for a sum of $10,000 or more.
- Keep the account open for 12 months. If you close the account before the 12-month mark, Associated Bank will withdraw the bonus amount from your account before closing it.
When you'll receive the money: You'll get the bonus within 120 days of completing your 90-day qualification period.
HSBC HSBC Premier Checking Account ($600)HSBC Premier Checking ($450 Welcome Deposit)
Bonus amount: $450, or 3% cash bonus up to $600
Expiration date: June 30, 2021
Who qualifies: You don't qualify for these bonuses if you've had an HSBC bank account or investment account between January 7, 2018, and January 7, 2021.
What you need to do to earn the $450 bonus:
- Open an HSBC Premier Checking online by June 30, 2021
- Set up direct deposits for three consecutive months from the second complete calendar month after opening the account
- Your direct deposits over the three-month period must total at least $5,000
What you need to do to earn the 3% cash bonus up to $600:
- Open an HSBC Premier Checking online by June 30, 2021
- Set up qualifying direct deposits into your account
- Earn 3% cash bonus, up to $100 per month, for the first six months after opening your account
When you'll receive the money: You'll get the $450 around eight weeks after completing the three-month qualification period. You'll get the 3% bonus roughly eight weeks after completing the necessary actions for a month.
Investors eAccess Checking Account
Bonus amount: Up to $250 ($25 per month for up to 10 months)
Expiration date: Ongoing
Who qualifies: New personal checking account customers.
What you need to do:
- Open an Investors eAccess Checking Account
- Receive $500 per month in direct deposits, OR make 10 point-of-sale transactions per month
When you'll receive the money: You'll receive the $25 for the month at the beginning of your next statement period.
PNC Bank Virtual Wallet Checking Pro
Bonus amount: $50 to $400
Expiration date: June 30, 2021
Who qualifies: You qualify if you haven't had a PNC bank account within the last 90 days and haven't received a PNC bonus in the last 12 months.
What you need to do:
- Open a PNC Bank Virtual Wallet Checking Pro account by June 30
- Receive $50 if you open a Virtual Wallet and receive $500 in direct deposits in the first 60 days
- Receive $200 if you open a Virtual Wallet with Performance Spend and receive $2,000 in direct deposits in the first 60 days
- Receive $300 if you open a Virtual Wallet with Performance Select and receive $5,000 in direct deposits in the first 60 days
When you'll receive the money: The $50, $200, or $400 will be deposited into your account within 60 to 90 days after you've met all the qualifications.
Huntington 5 Checking® Account
Bonus amount: $200
Expiration date: July 7, 2021
Who qualifies: You must be a new Huntington checking customer who hasn't closed a Huntington checking account in the last 60 days.
What you need to do:
- Open a Huntington 5 Checking® Account by July 7, 2021, at a Huntington branch
- Deposit $1,000 within 60 days of opening the account
- Keep the account open for 90 days
When you'll receive the money: You'll get $200 within 14 days of your 90-day qualification period ending.
Huntington Asterisk-Free Checking® Account
Bonus amount: $150
Expiration date: July 7, 2021
Who qualifies: You must be a new Huntington checking customer who hasn't closed a Huntington checking account in the last 60 days.
What you need to do:
- Open a Huntington Asterisk-Free Checking® Account by July 7, 2021, at a Huntington branch
- Deposit $1,000 within 60 days of opening the account
- Keep the account open for 90 days
When you'll receive the money: You'll get $150 within 14 days of your 90-day qualification period ending.
Capital One 360 Checking®
Bonus amount: $150
Expiration date: August 17
Who qualifies: New checking account customers. You aren't eligible for this bonus if you've been a primary or secondary Capital One 360 Checking® account holder on or after January 1, 2018.
What you need to do:
- Open a Capital One 360 Checking® account by August 17, 2021, using the promo code BONUS150
- Receive at least two direct deposits of $250 or more within 75 days of opening the account
When you'll receive the money: If you open the account in June 2021, you'll get the $150 by November 30; you'll get the money by December 31 if you open the account in July; you'll get it by January 31 if you open the account in August
Bank of America Advantage Banking Account
Bonus amount: $100
Expiration date: June 30, 2021
Who qualifies: You're eligible as long as you haven't had a Bank of America checking account in the last 6 months.
What you need to do:
- Open a Bank of America Advantage SafeBalance, Plus, or Relationship Banking Checking Account through the bank's promotional page by June 30
- Receive at least two recurring direct deposits of at least $250 within 90 days of opening the account
When you'll receive the money: You'll get the $100 within 60 days of finishing the requirements.
Best savings and checking account package bonuses
- Citi Priority Account Package: $700 bonus
- Citi Account Package: $300 bonus
- Axos High Yield Savings Account: $100
Read more about each account below:
Citibank Priority Package Checking
Bonus amount: $700
Expiration date: June 30, 2021
Who qualifies: New Citibank customers who have not had a Citibank account in the last 180 days.
What you need to do:
- Open an eligible checking account and savings account in the Priority Account Package by June 30, 2021
- Deposit $50,000 in new funds into your account within the first 30 days
- Maintain a minimum balance of $50,000 for at least 60 days
When you'll receive the money: You'll receive $700 within 90 days after your 60-day qualifying period ends.
Citibank Account Package Full-Feature Relationship Checking
Bonus amount: $300
Expiration date: June 30, 2021
Who qualifies: New Citibank customers who have not had a Citibank account in the last 180 days.
What you need to do:
- Open an eligible checking account and savings account in the Account Package by June 30, 2021
- Deposit $15,000 in new funds into your account within the first 30 days
- Maintain a minimum balance of $15,000 for at least 60 days
When you'll receive the money: You'll receive $300 within 90 days after your 60-day qualifying period ends.
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Frequently asked questions
Is opening a bank account for the bonus worth it?
In short – it depends.
Depending on your balance, a cash bonus could end up earning you more money than a high APY would. However, make sure you won't pay fees that will cancel out the amount you earn as a bonus. For example, if you earn a sign-up bonus but have to pay a monthly fee and are regularly penalized for overdrawing, opening a bank account for the bonus may not be worth it.
Why do banks have sign-up bonuses?
Banks offer bonuses to draw in new customers and to set themselves apart from competing banks that may offer similar interest rates, monthly fees, or opening deposit requirements.
Can I receive more than one bank account bonus?
You typically can't receive more than one bank account bonus with the same bank within a certain amount of time – usually between a few months and a couple years. But if you have the funds, you may be able to receive one bank account bonus from multiple banks.
Do I have to pay taxes on bank account bonuses?
Yes, you do have to pay taxes on your bonus. When you file taxes for the year, you'll report the sign-up bonus as income and pay income tax accordingly.
Laura Grace Tarpley is an editor at Personal Finance Insider, covering mortgages, refinancing, bank accounts, and bank reviews. She is also a Certified Educator in Personal Finance (CEPF). Over her four years of covering personal finance, she has written extensively about ways to save, invest, and navigate loans.
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