Banks have kicked their efforts to attract new customers into high gear. Accessible online banking has given all financial institutions an unprecedented run for their money in today’s ultra-competitive landscape. That’s the main driver for the financial services industry’s recent trend of offering customers attractive bonuses for opening new accounts.
These rewards can total multiple hundreds of dollars. That means the banks are literally willing to pay you for your business. If you’ve got the cash reserves to meet the necessary balance requirements, these amazing bank bonuses will certainly draw your interest.
Chase Sapphire Checking: Score Up to $750
The Chase Sapphire Checking account is available to both new and existing customers. Current Chase clients having the option to upgrade their account to the Sapphire brand. You’ll need a healthy chunk of cash on hand to maximize this bonus. However, if you’ve got the dough available, a cool $750 is there for the taking.
Here’s how to get it. Deposit at least $75,000 worth of qualified assets into eligible Chase Sapphire accounts within 45 calendar days. Then, maintain a daily balance of at least $75,000 for 90 calendar days to nab your automatic bonus. Qualified assets include cash and securities, which can be spread across eligible Chase savings, checking, and brokerage accounts. To learn more, and for the fine print, visit the Chase Sapphire promotional page.
Join SunTrust For Up to $200 in Bonus Cash
Atlanta-based SunTrust Bank has joined the fray by offering new customers up to $200 in bonuses. There are quite a few hoops to jump through. If you do qualify, you’ll enjoy one of the most lucrative rewards on the market. First, open a SunTrust Essential Checking account. Upon opening the account, use the Q420ESSENTIAL promo code. Then make at least $500 in qualified direct deposits. The deposits and the debit transactions must post to your account within the first three months of its activation. Once you have met those requirements, the bonus cash will be deposited into your account within four weeks.
SunTrust operates regionally, so you’ll need to be a resident of a state where the bank maintains physical locations to be eligible. To learn more, visit the institution’s promotional site.
Wrapping It Up
Some of the aforementioned offers are for a limited time only. The window may have closed by the time you investigate further. However, you shouldn’t worry about missing the boat. The banking industry trend toward enticing new business by offering lucrative bonuses appears to be here to stay. Keep your eyes peeled and check back often with your preferred financial institution. Chances are it won’t be long until a similar offer appears.
Also, remember that these are just a few of the many similar offers available out there. Many others deliver lesser bonuses, but they also come with more attainable terms and conditions. Happy hunting and enjoy your free money!
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