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Banks make money in all sorts of ways, but one of the main things they want direct deposit account bonus do is have a lot of cash on hand — so they can loan it out to others, or meet their own legal liquidity requirements.
That's why they offer you amazing bank bonus offers!
Because banks need giant piles of cash on hand, they need to offer the rest of us incentives to choose their FDIC-insured bank over someone else's.
Banks compete on their ability to offer personal service to local residents, on the number of their national locations, and on fee levels for basic services like checking and savings.
But they also offer cash incentives to use their deposit and checking services!
With the economy picking up, and interest rates rising, there seem to be more and more of these on offer.
Here's our list of the best ones!
You can get up to 2.
They currently offer one of the best interest rates available.
This can be a great way to take advantage of the.
And then you must maintain the balance for at least 90 day.
Here are two that are available right now to customers who have not had a Chase account within the last 90 days or have had one closed with a negative balance: This isn't quite as good a deal as what Citibank is currently offering, but it may be available more regularly or for longer.
You don't have to go to a branch or set up direct deposit, but you do need to make a substantial deposit and leave it there for a while, so you'll need to calculate the opportunity cost of what else that cash could be doing.
That's a better rate than you'll get on most savings accounts, so if you have a large emergency fund it might be a good idea to take this offer.
A Couple Of Notes: First, you won't qualify if you've direct deposit account bonus a Citibank personal checking account within the last six months.
And second, you need to watch out for monthly fees if you keep the account open past the bonus period but withdraw most of your money.
This won't be a problem during the period when you're earning your bonus, but it's something to keep an eye on afterwards.
You must be in one of their states: Ohio, Illinois, Indiana, Kentucky, Michigan, Pennsylvania and West Virginia.
Consumers cannot open an approved account online outside of the 7 state footprint of Ohio, Illinois, Indiana, Kentucky, Michigan, Pennsylvania and West Virginia.
You cannot have had a PNC account open within the last 90 days, and you have to be a resident of: Alabama, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Virginia, West Virginia, Wisconsin, or the District of Columbia.
You also need to use the debit card at least 10 times a gold miles and bonus aegean />You can open this account online, but to qualify for the bonus you must be a resident of Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Direct deposit account bonus, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia, or Washington, D.
This is cumulative, not on a single deposit, so multiple deposits during that period are fine as long as they add up.
You must then maintain this for 90 days.
The account is one of the best checking accounts designed for students.
You can have the fee waived for up to fives years as a student.
The account is one of our current picks for top money market account.
Other Great Savings Accounts These accounts don't always have bank bonus offers, but they do have some amazing interest rates!
Things To Remember Done right, switching banks for bonuses can be a great way to make some extra side cash.
But you do gold miles and bonus aegean to be careful: look at the terms and conditions and be sure you can avoid monthly fees, account closing fees, and so on.
Also, remember that you'll have deposit money into a bank account online pay income tax on this cash, so you might want to set some of it aside for that.
That said, if you pay careful attention to the terms of these offers, you can make much more than you make even by parking your money in a.
You might want to just do this once for a few hundred dollars, but if you invest a little more time, you can make thousands of dollars a year treating it as a regular side hustle.
And who among us doesn't like free money?
These offers change every month, but right now here's the best of the best on offer, divided into offers that require you to direct deposit account bonus with large amounts of cash on hand, and offers that let you start with very little money.
Overall, there are some great bank bonus offers out there right now.
I'd advise you to decide what kind of bonus hustler you are: do you want to do this once while you're switching to a new account permanently?
Or do you need a complex calendar to keep track of your multiple bonus accounts?
Be careful, but also, take advantage of free money if you're sure you can follow the rules!
If this is all too much, check out our list of the and just park your cash there!
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About Robert Farrington Robert Farrington this web page America's Millennial Money Expert, and the founder ofa personal finance site dedicated to helping millennials escape student loan debt to start investing and building wealth for the future.
You can learn more about him One of his favorite tools iswhich enables him to manage his finances in just 15-minutes each month.
Best of all - it's free!
He is also diversifying his investment portfolio by adding a little bit of real estate.
But not rental homes, because he doesn't want a second job, it's diversified small investments in a mix of properties through.
Worth a look if you're looking for a low dollar way to invest in real estate.
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Direct Deposit - Chime is the Best
Bank / Credit Union Bonus Read Bank Review Direct Deposit Required; Chase Total Checking® + Chase Savings SM: Enjoy up to $350 when you open a new Chase Total Checking® account with Direct Deposit and/or open a new Chase Savings SM account, deposit $10,000 or more in new money and maintain a $10,000 balance for 90 days
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