Sign-Up Promos For New Accounts
Many banks and credit unions offer sign-up promotions as an incentive for people to open a checking account, money market account, or spending account.
Bonuses can be lucrative cash rewards, but be wary of their conditions as they may differ significantly between banks.
Citi Priority Checking
Sign-up promos for new accounts offer an attractive way to earn a substantial cash bonus when signing up. Citibank, for example, currently offers a tiered bonus of up to $1,500 when you open a Citi Priority Checking and meet certain deposit and balance requirements.
To take advantage of this bonus, you must open a Citi Priority checking account online and maintain the required minimum balance within it for 60 days after making your initial deposit. If not met, the account will convert automatically into regular Citi checking and the bonus no longer available.
You can apply for this account by calling a Citi customer service representative and mentioning the promo code, or visiting your local branch. Once you have an eligible Citi Priority checking account, it is easy to link other eligible accounts such as savings or credit card to it.
Citi offers auto save and overdraft protection, both of which are helpful features if you plan to make regular payments with your checking account. These options help manage money better and prevent overdrawing from the account - a common worry among checking account customers.
Another way to earn a substantial cash bonus is by opening a Citi Accelerate High-Yield Savings Account alongside your checking account. This savings account counts towards the Citi Priority Package Checking balance requirement and enables automatic transfers between both accounts.
This offer may be especially lucrative if you have excess funds to put towards funding your new account. However, it's essential to remember that in order to maintain the minimum balance of $10,000 in your Citi Priority Account over several months, you must maintain it continuously.
Citi Priority accounts offer numerous valuable banking benefits, such as waived everyday banking fees and higher limits for ATM withdrawals and debit card purchases. Plus, traveller-friendly features like no Citibank fees on ATM withdrawals abroad and no foreign exchange fees when using your debit card abroad are included.
But the major advantage of this account is the generous cash bonus you can receive upon making a new deposit. This offer from Citibank is one of the largest available, making it ideal for those with large sums of cash to invest. With such an attractive bonus package, Citibank makes using their account easier than ever - plus, who knows, maybe someday soon you could even start investing it yourself!
In addition to the cash bonus, you'll gain access to free financial guidance and use of more than 70,000 ATMs nationwide. Furthermore, your relationship will earn the highest level of Citi ThankYou Points that can be redeemed for gift cards.
PNC Bank Business Checking
PNC Bank offers a range of business checking and merchant services tailored to businesses of all sizes, with locations in 28 states plus Washington, D.C. Additionally, PNC offers online banking capabilities which allow you to manage your account from any device at anytime.
PNC Bank Business Checking Plus accounts can earn a $200 sign-up bonus if you open an account, maintain an average cycle balance of $5,000 for each statement cycle and make at least 20 debit card transactions within the first three months. Once these conditions are fulfilled, the bonus will be deposited into your account within 90 days of qualifying.
PNC Bank Business Checking Plus is an ideal option for small business owners who want to take advantage of the bank's merchant services and high cash deposit limits. Plus, it features a rewards program that gives cash back on select debit card purchases.
These rewards are a great option for business owners who don't want to pay the higher fees that other bank accounts charge. Plus, you'll gain access to PNC's digital tools like Cash Flow Insight(r), and the capability of connecting your accounting software with your business bank account so that you can monitor spending in real-time.
PNC Bank's business checking accounts offer numerous advantages, but also some drawbacks. Unfortunately, the monthly free transaction limit on most business checking accounts is relatively low; if you consistently exceed these limits, an additional fee per transaction must be paid.
However, this fee is lower than many other local banks charge. Furthermore, the bank does not impose a monthly maintenance fee to maintain its Business Checking Plus or Treasury Enterprise Plan accounts.
Another factor to consider is PNC Bank's relatively limited branch network in its service area, so if you don't live near one, making deposits or getting support may be difficult. That doesn't guarantee a poor experience with the bank, but it's wise to weigh all options before settling on whether PNC Bank fits your needs.
Furthermore, its interest rates on savings accounts may not be the best and its requirements to avoid monthly recurring fees may be too stringent for some users. Furthermore, the bank doesn't provide as many credit cards as other larger banks do.
If you're not sure if PNC Bank is the right fit for your business, take a look at their sign-up promos to see if any apply to you. These offers provide an excellent opportunity to try out a new bank and decide if it's worth sticking with in the long run.
M&T Bank
M&T Bank provides a range of personal and business checking and savings accounts, as well as insurance, credit cards, and investment services. With more than 1,000 branches and 2,200 ATMs located across 12 states from Maine to Virginia and Washington D.C., customers are able to deposit checks, manage their finances, and transfer funds quickly with M&T's online and mobile banking platforms.
M&T is a publicly traded New York bank with assets exceeding $154 billion and over 3.6 million customer accounts. Its main offices are situated in Buffalo, New York; however, M&T operates an expansive nationwide network of branches and ATMs as well.
M&T Bank offers a variety of financial products, such as traditional checking and savings accounts, high-yield money market accounts, Certificates of Deposit (CDs), and loans. In addition to these services, they also provide investments and trusts.
Open an M&T checking account by applying online or visiting your nearest branch. By signing up for a new account, you could earn an impressive cash bonus! All that's necessary to qualify is $500 in qualifying direct deposits within 90 days of opening the account.
Additionally, M&T checking account holders who make their first eligible direct deposit or purchase of $10 or more will receive a $25 deposit into their new checking account. This promotion is available to both new and existing personal M&T checking account holders.
With an M&T business checking account, you can earn a $300 statement credit after spending $3,000 on net purchases within the first three months from account opening date. Plus, you'll gain access to numerous business services like free employee cards, no foreign transaction fees and travel/emergency assistance options.
Furthermore, the bank offers its business customers complimentary remote deposit capture and electronic signature capabilities. Its online banking platform is an efficient way to manage your company's finances, with text messages or automated notifications for various account activities available.
M&T Bank is a renowned and widely-used bank with more than 166 years of history and 25 acquisitions. Their customer service representatives are available 24 hours a day to answer queries and offer other assistance when necessary.
The bank's mobile and online platforms are user-friendly, making account management effortless. You can check your balance, view recent transactions and transfers, receive alerts, and pay for purchases directly from your phone - it couldn't be simpler!
M&T Bank app also enables ZelleTM money sending between enrolled consumers, making it simpler than ever to send and receive funds quickly. Furthermore, the bank's mobile app is compatible with Quicken(r) and QuickBooks(r), allowing you to utilize your device's camera for easy barcode scanning of purchases.