Did you know most people will use the same bank account their entire lives? Most people will sign up for a new bank account in their early 20’s and will keep it forever, never exploring better options that may arise as time goes on. This is may be the easiest solution but by doing this people are leaving money on the table. There are tons of opportunities to make some extra money just by signing up for a new bank account. Banks know most people will use the same bank account their entire lives, so in order to entice people to sign up for their service most banks offer sign up bonuses.
This tactic banks use is very common because it is their main strategy of acquiring new customer since most of the will already have a bank account. Banks are willing to pay customers hundreds of dollars because they know that if they acquire a new customer they are very likely to stick around for ever. And if one bank offers a cash bonus for signing up, all the banks ave to do the same thing or risk losing their current customers. This competition between banks is what makes this opportunity possible. Just like negotiating for a higher salary when applying for a new job, shopping around for a new bank account can lead to thousands of extra dollars in your pocket of the years. So let’s take advantage of these offers and make some extra cash.
We went ahead and did the research for you for the best current bank sign up bonuses available in 2020. You can take advantage of these right away! It is also important to note that some banks offer a lot more than others, these are usually online only banks that don’t have brick and mortar stores. This is possible for them since they don’t have to pay for building expenses.
Citi Bank Bonuses – Up To $700
Citi Bank offers some of the highest bonuses out there. They currently have 3 different bonuses you can sign up for.
Basic Banking Package – Earn $200
Citi Bank Account Package – Earn $500
Citi Priority Account Package – Earn $700
All you have to do to be eligible for these is sign up online for their account packages and meet the requirements. The requirements are deposit money into your new account and complete a direct deposit into that account. Once that is complete Citi bank will deposit your bonus into your new account. Also if you leave the money in the account for 60 days Citi bank will offers and $100 bonus.
Wells Fargo Everyday Checking – Up To $400
Sign up online for a new Wells Fargo checking account before July 31, 2020 and receive $400 cash bonus. In order to qualify for this bonus, you first have to open a new Wells Fargo and make the minimum required deposit of $25 and within the next 90 days of opening the account set up a direct deposit to that account. Once these requirements are met Wells Fargo will deposit your bonus into your account.
Chase Premier Plus Checking – $300 Bonus
To qualify for this bonus, first open a new Chase Premier Plus online and also set up a direct deposit within 60 days. A direct deposit is an electronic transfer for paychecks, pensions, or other government benefits.
As you have learned taking advantage of these bonus is a win win situation. Both parties end up winning, banks want more customers and you get to walk away with a nice cash bonus. Also a nice tip is you can sign up for all of them if you have some extra time to spare.
