Best Banks with Immediate Sign up Bonus

Banks offer a lot of promotions that give you sign-up bonuses when you open a new checking or savings account and qualify for the bonus. You have to set up a direct deposit with the bank and have to keep the account open for the initial period of 90 days.

In this article, we have selected some of the best banks with immediate sign up bonus which you can withdraw anytime. So let’s look at this review.

Citi checking: Up to $1,500 cash bonus offer

Citi bank is available all over the nation, with the ability to open an account anywhere online. Citi bank offers up to a $1500 Sign Up bonus to new users who open a new Citi Priority Account.

It is a tier-based bonus, So to claim this Citi Sign-up Bonus, you have to deposit a minimum balance and maintain your credit for 90 days. 

Citi Checking Sign up Bonus Deposit Criteria:

Deposit amount – Sign up bonus

$15,000 $300

$50,000 $700

$200,000 $1,500.

Depending on your deposit amount, the bonus represents an effective rate of 5-11% on your savings. 

The $300 offer yields the best effective rate, but every deal is substantially higher than what you’d find on most savings accounts. 

So if you have the cash, this is a great way to put it to work, risk-free, and it is one of the best banks with immediate sign up bonus.

Pros and cons

Pros

• Widespread branch and ATM access
• Mobile banking apps available

Cons

• Monthly fee (can be waived)
• Service fees on the higher end
• It doesn’t earn interest

Chase Total Checking®: $200 bonus offer

Chase is the largest and most popular bank in the United States, but it is continuously growing through its best immediate and easy-to-claim sign-up bonus.

The Chase Total Checking account offers a $200 immediate Sign-up bonus, and to claim this bonus, you have to sign up through our referral link and set up a direct deposit within 90 days.

Chase Sign-up Bonus Deposit Criteria:

Unlike other banks, Chase Bank doesn’t ask you to deposit a certain amount to claim your Chase Bank Promotion. Your Chase Sign-up bonus will be deposited into your account within 15 days if you set up a direct deposit.

Some of the most popular checking accounts offer a $25 referral fee for each person you refer to the bank. You can use that $25 to offset the monthly maintenance fee of the account.

Suppose you think your friends, family, and business associates might be interested in opening a new checking account. 

In that case, you can use the referral fee to help cover the expenses of maintaining the performance.

Discover Online Savings Account: $150 or $200 bonus offer

Discover is one of our top picks for banks with an immediate sign-up bonus. They performed well in our expectations based on many different categories, including the most critical one, customer service.

One perk to this bonus is that Discover doesn’t require how long you need to keep the cash in the account, so you can deposit and withdraw immediately. It doesn’t get much easier than that!

Discover Sign-up Bonus Deposit Criteria:

Deposit amount – Sign up bonus

$15,000 $150

$25,000 $200

Moreover, the best part of the Sign Up Bonus is that it’s on top of an excellent high-yield savings account. 

• With no minimum opening deposit, you earn a high rate of interest.
• Discover charges no fees. There are no maintenance fees, excessive withdrawal fees, stop payment order fees, or insufficient funds fees.

Pros and cons

Pros

• High yield
• No fees
• 24/7 customer service

Cons:

• No interest checking
• $2,500 minimum deposit for CDs

U.S. Bank checking: $300 bonus offer

You may have heard about U.S. Bank. U.S. Bank is a famous nationwide bank, available in 26 states. and offers a High yield savings account.

U.S. Bank offers a $300 Sign up bonus when you open a new business checking account and deposit new money. 

You can open the account online; however, you must use the U.S. Bank promo code when applying to receive the bonus. The minimum deposit requirement has nearly halved since the last time it was offered.

U.S. Bank Sign up Bonus Deposit Criteria:

Deposit amount – Sign up bonus

 $2,500 $250

$4,000 $300

Pros and cons

Pros

• promo CD with high APY
• Free student account
• 24/7 customer service

Cons:

• High minimums to waive fees
• Low savings APY

SoFi Checking and Savings: Up to $300 bonus offer

For new investors seeking a low-cost robot advisor, SoFi Automated Investing is a good option. No annual management fee is charged, and low-cost exchange-traded funds are used to build portfolios. 

In addition to their High Yield Checking and Savings account bundle, SoFi offers a tremendous sign-up bonus based on the total amount of your qualifying direct deposits. 

If you receive qualifying direct deposits totaling at least $1,000, you can get up to $300 by opening a SoFi Checking and Savings account.

SoFi Bank Sign-up Bonus Deposit Criteria:

Deposit amount – Sign up bonus

$1,000 – $1,999 $50

$2,000 – $4,999 $100

$5,000 $300

Pros and Cons:

Pros

• The broad range of low-cost investments.
• Free management.
• Automatic rebalancing.
• Customer support.
• Access to certified financial planners.

Cons:

• Limited account types.
• No tax-loss harvesting.

Axos bank: up to $200 bonus

Axos bank promo code offers a $200 Sign up bonus when opening a new Business Interest Checking account and maintaining minimum balance requirements on its nationwide checking accounts. 

Considering that the offer is double what they previously offered, this might be an excellent time to take advantage! 

Axos is a San Diego-based company. According to Bankrate’s full review of its products and services, it earned 4.4 out of 5 stars.

Axos Bank Sign-up Bonus Deposit Criteria:

Deposit amount – Sign up bonus

$1,500 $100

$3000 $200

Pros and Cons:

Pros

• No monthly maintenance fee
• No minimum deposit required
• Free ATM card
• Free money management tool

Cons:

• No branch access
• Not the highest online savings rate

Aspiration: $200 bonus

You can earn a $200 Sign up bonus if you open an Aspiration Plus account and then use your debit card to spend at least $1,000.

If you’re looking for a free account to test out first, the Plus account offers higher cash back and interest rates on your savings.

Aspiration is also offering a $150 bonus for opening a basic account. If you have that account, you pay what you think is fair, even if it’s $0.

Aspiration Sign-up Bonus Deposit Criteria:

Deposit amount – Sign up bonus

$500 $100

$1000 $200

Pros and Cons:

Pros

• No hidden fees
• No overdraft fees
• Up to 10% cash back on sustainable debit card purchases
• Up to 5% interest on your savings balance

Cons:

• No cash deposit (yet)
• No physical branches
• No interest on savings beyond $10,000 with a free account

Conclusion:

These are the best banks with immediate sign up bonus, which can be claimed by meeting specific criteria. These banks have high liquidity, so that you can withdraw your funds anytime.

I hope this article has helped you. If you still have questions, feel free to ask in the comments.

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