Want Free Cash? GOBankingRates Uncovers the 12 Best Checking Account Promotions Today

A new study from GOBankingRates reveals the best rewards and cash-back checking promotions at banks and credit unions this spring.

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GOBankingRates

Mar 17, 2015, 05:17 ET

LOS ANGELES, March 17, 2015 /PRNewswire/ -- With millions of Americans opening new checking accounts each year¹, many banks offer free cash and other perks to entice new customers. To cut through the noise and help consumers find the best deals, leading personal finance site GOBankingRates investigated major banks and credit unions nationwide to uncover the top checking account promotions this spring, ranging from a $300 bonus to free airline miles.

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http://www.gobankingrates.com/checking-accounts/12-best-checking-account-promotions-today/

"Promotions like these are a nice incentive if you're shopping around for a new checking account, but you shouldn't make your banking decision based wholly on a one-time deal," said Casey Bond, managing editor of GOBankingRates. "If you're comparing checking products, look at fees and interest rates first; after all, a $150 promo could be easily wiped out by several overdrafts if you open an account with an unfriendly fee structure. After you've weighed important account details, these promotions can sweeten the deal and boost your savings."

The 12 Best Checking Account Promotions Today

Bank of America: $200
Bank of America²: $300
BankDirect: American Airlines AAdvantage Miles
BankUnited: $120
BBVA Compass Bank: $150
Chase Bank: $150
Discover Bank: $50
Langley Federal Credit Union: $50
Nationwide Bank: $200
PNC Bank: $300
Santander Bank: $240
SunTrust Bank: $200

Additional insights:

Cash: The top cash checking promotions varied in value from $50 to $300.
Recurring Bonus: Not all cash-back promos are one-time deals; Santander Bank pays new extra20 account holders up to $20 a month for meeting certain requirements.
Miles: BankDirect is the first online bank to offer customers the chance to earn American Airlines miles through banking products, including checking, money market and CD accounts.
How to Apply: Qualifying criteria varied, with most banks on this list enforcing either direct deposit requirements or daily balance minimums.

About GOBankingRates

GOBankingRates.com is a leading portal for personal finance news and features, offering visitors the latest information on everything from interest rates to strategies on saving money, managing a budget and getting out of debt. Its editors are regularly featured on top-tier media outlets, including U.S. News, Business Insider, Daily Finance, Huffington Post and more. It also specializes in connecting consumers with the best financial institutions and interest rates nationwide.

Contact:

Connie Lundegard
GOBankingRates.com
[email protected]
310-297-9233 x112

¹ The Financial Brand: "Six Ways to Win the War for New Checking Accounts," Feb. 25, 2015

² Bank of America is currently offering two separate checking promotions, with different qualifying criteria for each. Additionally, while the $200 promotion lasts throughout 2015, the $300 offer expires in April. As with any of these offers, always check with the respective institution's website for full details.

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SOURCE GOBankingRates