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There is an overwhelming number of choices when looking for new credit cards and bank accounts. Your deciding factor can be choosing the bank with the best signup or welcome bonus. Here are some of the offers to consider first to earn more rewards.

bank best signup bonus
After you find the bank with the best signup bonus, use the bank’s app for convenience, like this U.S. Bank mobile app. Credit: U.S. Bank

Terms apply to American Express benefits and offers. Visit to learn more.


So, which bank has the best signup bonus? Let’s start with Chase, a favorite for many as they offer many bank and credit card signup bonuses. Here are some of their best offers.

Chase Sapphire Preferred Card

The Chase Sapphire Preferred® Card is one of the best travel credit cards for its valuable point redemption options. Each Ultimate Rewards point is worth 25% more (1.25 cents each) when you book award travel on the Chase UIimate Rewards travel portal. You can also redeem your points for cash and gift cards at one cent each or transfer at a 1:1 ratio to airlines and hotels

Also, enjoy new Chase Sapphire benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x points on travel purchased through Chase Ultimate Rewards®, 3x points on dining, and 2x points on all other travel purchases, plus more.

The Chase Sapphire Preferred® Card currently has an offer of 60,000 Ultimate Rewards points after spending $4,000 in the first 3 months from account opening, worth $750 when you redeem through Chase Ultimate Rewards®.

The annual fee is a reasonable $95. Get more details in our in-depth Chase Sapphire Preferred review.

Chase Freedom Unlimited

The Chase Freedom Unlimited® earns at least 1.5% back on all purchases, yet, you can pool the points with your Chase Sapphire to find more value (part of the Chase trifecta).

Cardholders earn unlimited:

  • 5% cash back on travel purchased through Chase Ultimate Rewards®
  • 3% cash back on dining at restaurants, including takeout and eligible delivery services
  • 3% cash back on drugstore purchases
  • 1.5% cash back on all other purchases

There is no annual fee with the Chase Freedom Unlimited.

New Chase Freedom Unlimited® cardholders can earn an additional 1.5% cash back on everything they buy (on up to $20,000 spent in the first year) – worth up to $300 cash back! That means new cardholders can enjoy:

  • 6.5% cash back on travel purchased through Chase Ultimate Rewards® (Chase’s premier rewards program that lets you redeem rewards for cash back, travel, gift cards, and more)
  • 4.5% cash back on drugstore purchases
  • 4.5% on dining at restaurants (including takeout and eligible delivery service)
  • 3% on all other purchases

New cardholders earn this extra 1.5% cash back on up to $20,000 spent in the first year.

Chase Business Complete Banking℠ ($300)

We’ve looked at the Chase bank best signup bonus options on their credit cards. Now, here are some of their banking options. If you need a new business checking account, consider a Chase Business Complete Banking℠ account. You can earn a $300 signup bonus when you open a new Chase Business Complete Banking℠ account with qualifying activities.

To earn the $300 bonus, complete these qualifying activities:

  • Open a Chase Business Complete Banking℠ account online or in-branch
  • Deposit at least $2,000 in new money within 30 days of account opening
  • Maintain a minimum $2,000 balance for 60 days
  • Complete 5 qualifying transactions within 90 days of opening an account

This offer expires on 04/21/2022.

You’ll also get access to 16,000 ATMs and more than 4,700 Chase branches. There are also account alerts to help you stay on top of your account activity. You’ll also have access to Chase business specialists at your local Chase branch.

There are also multiple ways to waive the $15 monthly service fee, including maintaining a minimum daily balance or purchase on your Chase Ink business card, some of the best Chase business credit cards available.

Additionally, account holders have access to built-in card acceptance which means card payments can be accepted anytime, anywhere in the U.S., and get transparent pricing with Chase QuickAccept. QuickAccept allows for convenient access to payment processing as card payments are accepted virtually anytime, anywhere in the U.S. It also allows for same-day deposits at no additional cost.

Unlimited electronic deposits are at no charge as well as ACH and Chase QuickDeposit℠. This is one of the best Chase business checking accounts.

Chase Total Checking®

Another option is the Chase Total Checking® account. Benefits of a Chase Total Checking account include convenience as there are over 16,000 ATMs and more than 4,700 Chase branches. Additionally, account holders have access to the Chase Mobile app allows users to manage their accounts, deposit checks, transfer money, and more at their convenience from their device.

There is no minimum balance needed to open the account. However, there is a $12 monthly service fee. But, it can be $0 with one of the following, each monthly statement period:

  • Electronic deposits in this account totaling $500 or more OR
  • A balance at the beginning of each day of $1,500 or more in this account OR
  • An average beginning day balance of $5,000 or more in any combination of this account and linked qualifying Chase checking, savings, and other balances

New Chase checking customers enjoy a $225 bonus when you open a Chase Total Checking® account and set up direct deposit. This offer expires on 04/20/2022.

Note that there is no fee if you’re overdrawn by $50 or less at the end of the business day (Chase charges a $34 Insufficient Funds Fee per item during their nightly processing, beginning with the first item that overdraws your account balance by more than $50; there is a maximum of 3 fees per business day, up to $102).

This account is available online nationwide except in Alaska, Hawaii, and Puerto Rico. For branch locations, visit

Chase Secure Banking

If you’re looking for a banking option, the Chase Secure Banking℠ option may be right for you. Benefits include:

  • Access to the Chase Mobile® app and Chase Online
  • Account alerts to monitor balances and more
  • Zero Liability Protection that eases worries about unauthorized card transactions (when reported promptly)
  • The ability to use the Chase debit card to help you budget and spend only the money you have available, without worrying about overdraft fees
  • No paper checks to track

There is no minimum deposit required to open an account. There are also no fees for using Chase Online Bill Pay, money orders, cashier’s checks, or sending money. There is a $4.95 monthly service fee though.

New Chase checking customers can enjoy $100 when they:

  • Open a new Chase Secure Banking account online
  • Complete 10 qualifying transactions within 60 days of coupon enrollment
  • Your bonus will appear in your account within 15 days after completing qualifying activities

This offer expires 04/20/2022 and is subject to approval. Other miscellaneous fees apply.


As we continue looking at the bank with the best signup bonus, let’s take a look at a Citi option.

Citi Premier Credit Card

The Citi Premier® Card earns up to 3 ThankYou points at restaurants, supermarkets, gas stations, air travel, and hotels, and 1x point on all other purchases.

New Citi Premier Card cardmembers can earn 80,000 bonus ThankYou® Points after spending $4,000 in purchases within the first 3 months of account opening. The 80k bonus points are redeemable for $800 in gift cards when redeemed at

Cardholders can also enjoy $100 off a single hotel stay of $500 or more, excluding taxes and fees, through, once per calendar year. The annual fee is $95 but there are no foreign transaction fees.

American Express

This best bank signup bonus wouldn’t be a true comparison if we didn’t mention Amex. American Express doesn’t offer checking accounts but has a free high-yield savings account you may like. There are credit card welcome bonuses you may appreciate too.

The Platinum Card from American Express – 100,000 Bonus

The Platinum Card® from American Express has been upgraded and has one of the largest welcome bonuses. New The Platinum Card® from American Express cardmembers can earn 100,000 Membership Rewards® Points after spending $6,000 on purchases on the Card in the first 6 months of Card Membership. New cardholders also earn 10x points on eligible purchases on the Card at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during your first 6 months of Card Membership. Terms apply. 

However, you might qualify for the Amex Platinum 150k targeted offer to earn 150,000 Membership Rewards worth $1,500 by spending $6,000 in the first 6 months (terms apply). Either way, this is one of the best credit card offers.

Cardholders earn 5x Membership Rewards® Points for flights booked directly with airlines or with American Express Travel, up to $500,000 on these purchases per calendar year, and earn 5x Membership Rewards® Points on prepaid hotels booked with American Express Travel.

Additional Perks

Cardholders can get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when paying with their Platinum Card®.

Also, get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline.

Plus, American Express has expanded The Centurion® Network to include 40+ Centurion Lounge and Studio locations worldwide. Now there are even more places your Platinum Card® can get you complimentary entry and exclusive perks.

Terms apply. Enrollment may be required.

Other Platinum Card from American Express Benefits

There’s also a new digital entertainment credit. Cardholders can get up to $20 in statement credits each month when you pay for eligible purchases with The Platinum Card® from American Express at your choice of one or more of the following providers: Peacock, Audible, SiriusXM, and The New York Times. Enrollment required.

In addition to enjoying TSA PreCheck or Global Entry access, cardholders can also enjoy CLEAR perks. Cardholders can use their Card and get up to $179 back per year on their CLEAR® membership. Terms apply.

Another exciting new benefit is the ability for cardholders to enjoy up to $25 back each month on select Equinox memberships when you pay with your Platinum Card®. This amounts to up to $300 annually. Enrollment required. 

There is also a $155 Walmart+ credit to enjoy. This covers the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Cost includes $12.95 plus applicable local sales tax.

Get the full details and learn more in our in-depth The Platinum Card from American Express review.

The annual fee is $695 (See Rates & Fees) but can be offset with the perks, which are valued at over $1,400. 

Learn more: Johnny Jet Recommended Credit Cards

The Blue Cash Preferred Card from American Express

One of the best cards for everyday spending is the Blue Cash Preferred® Card from American Express. Cardholders earn:

  • 6% Cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) and on select U.S. streaming subscriptions
  • 3% Cash back on transit (including taxis/rideshare, parking, tolls, trains, buses, and more) and at U.S. gas stations
  • 1% Cash back on other purchases

Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.

Cardholders can also enjoy $0 plan fees when using Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 12 months after account opening. Plans created after that will have a plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.

The welcome bonus is the ability to earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. There is a $0 introductory annual fee for the first year, then $95 (See Rates & Fees).

Learn more: Cash Back Credit Cards

U.S. Bank

Moving on in our bank best signup bonus comparison is a look at U.S. Bank. This bank also has some exciting credit card promotions that are easy to use and earn on.

U.S. Bank Altitude Go (20,000 Bonus Points)

The U.S. Bank Altitude® Go Visa Signature® Card is a no annual fee card (See Rates & Fees) that earns up to 4x on purchases. Cardholders earn:

  • 4x points on dining, takeout, and restaurant delivery
  • 2x points on streaming services, at grocery stores, grocery delivery, gas stations, and EV charging stations
  • 1x point on all other eligible purchases

Points never expire so long as your account is open and active.

Cardholders can also enjoy a $15 credit for annual streaming service purchases such as Netflix and Spotify. So, that means you’ll receive a $15 streaming service credit after 11 months of streaming service purchases on your card.

New cardholders can earn 20,000 bonus points by spending $1,000 on eligible purchases in the first 90 days of account opening, a $200 value when redeemed towards merchandise, gift cards, cash back, travel, and more.

Earning up to 4x points on a no annual fee card can be worthwhile if you can enjoy the redemption options. Plus, as the rewards categories are common purchases for many, those rewards can add up quickly.

There are also no foreign transaction fees on this contactless card.

Bank of America

Last but not least in our bank best signup bonus comparison is BofA. Bank of America has some of the easier signup bonuses to earn. If you only have a small amount of free cash, you may appreciate this bonus offer.

Bank of America Customized Cash Rewards credit card ($200)

The Bank of America® Customized Cash Rewards credit card earns up to 3% back on purchases in the category of your choice* (choices include gas, online shopping, dining, travel, drug stores, or home improvement/furnishings). Cardholders also earn 2% cash back at grocery stores and wholesale clubs.

*You’ll earn 3% and 2% cash back on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then earn 1%.

All other purchases earn unlimited 1% cash back.

You can also get a $200 signup bonus by making at least $1,000 in purchases during the first 90 days. There is no annual fee.

Learn more: Cash Back Credit Cards


Bank and credit card signup or welcome bonuses help you get more value from your new accounts. Once you find the bank option with the best signup bonus offer you can earn, you can apply and put your money to work. You might also develop a longstanding bank relationship that can yield bigger rewards in the future.


Do banks give you money for opening an account?

It’s possible to earn a signup bonus for opening new checking and savings accounts. However, the promotions vary by bank and certain conditions apply. For example, you may have to enroll in direct deposit, maintain a minimum balance for several months, and complete a number of debit card purchases.

National banks like Chase, Citi, and Bank of America are more likely to offer signup bonuses. Online-only banks are unlikely to offer bonuses but can offer more perks and higher interest rates, such as CIT Bank.

Are bank bonuses worth it?

Bank bonuses can be worth it have you have enough spare cash and can use the account enough to justify any monthly service fees. For instance, you may not pursue the bonus if you cannot waive the monthly service fee that erodes even the best signup bonus.

It’s possible to close the account after earning the bonus, but you will need to take the time to close your account and transfer your assets. Note that if you close an account too soon, you may not be able to keep the bonus. Always check the terms and conditions before making a decision.

Credit card signup bonuses can be better as the spending requirements can be lower than the bank account deposit requirements. Also, credit card bonuses are non-taxable and bank account bonuses are taxable income.

What is the easiest bank to open a checking account?

Chime Bank can be the easiest bank to open a checking account with. One reason why is that Chime doesn’t check your personal banking history when you apply for an account.

Also, their Spending Account (i.e., checking account) has no monthly service fees or overdraft fees. It’s online-only so you can apply from anywhere in the United States. You get a free Visa debit card for purchases and access to over 50,000 fee-free ATMs.

Related Articles:

For rates and fees of The Platinum Card® from American Express, please click here.

For rates and fees of The Blue Cash Preferred® Card from American Express, please click here.


Chase Sapphire Preferred® Card

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
  • Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 03/31/22.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.

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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.

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