New checking account bonus offers for June 2016

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New checking account bonus offers for June 2016
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If you’re looking for a new bank and want to cash in on some sign-up bonus offers, there are plenty of them available throughout the month of June.

Most of these offers are with the big national banks, which means you have to be careful about fees.

Read more: Bank customers shortchanged by ‘free’ coin-counting machines

Banks are offering hundreds of dollars in bonus money

Before you open any of the accounts, make sure that you can meet the requirements to avoid a monthly service charge. Those requirements can include keeping a minimum balance, direct deposit or using your debit card.

We have provided links to the specific offers, so you can read the full terms and conditions before signing up.

Chase

Premier Plus Checking: Get $300 when you open a Premier Plus Checking account and set up direct deposit.

Avoid a $25 monthly fee by doing one of the following:

  • Keep an average daily balance of $15,000 or more in any combination of qualifying Chase checking, savings and other balances.
  • Have automatic payments to your qualifying linked Chase mortgage from your Chase account.

Click here for the offer from Chase

Chase Total Checking: Get a $150 bonus when you open a Chase Total Checking account and set up direct deposit.

Avoid a $12 monthly fee by doing one of the following:

  • Have monthly direct deposits totaling $500 or more.
  • Keep a minimum daily balance of $1,500 or more in your checking account.
  • Keep an average daily balance of $5,000 or more in any combination of qualifying Chase checking, savings and other balances.

Click here for the offer from Chase

TD Bank

Get a free Samsung Galaxy Smartphone when you open a new TD Bank Convenience Checking account. New or upgrade 2-year service activation required. Other restrictions apply.

Avoid a $15 monthly fee by keeping a daily balance of at least $100.

Click here for the offer from TD Bank

PNC Bank

Virtual Wallet: Earn $50 when you open a Virtual Wallet account, establish total qualifying direct deposit(s) of $500 and make at least 10 debit card purchases.

Virtual Wallet with Performance Spend: Earn $200 when you open a Virtual Wallet with Performance Spend account, establish total qualifying direct deposit(s) of $2,000 and make at least 10 debit card purchases.

Virtual Wallet with Performance Select: Earn $300 when you open a Virtual Wallet with Performance Select account, establish total qualifying direct deposit(s) of $5,000 and make at least 10 debit card purchases.

Avoid a monthly fee on Virtual Wallet accounts with qualifying direct deposit.

Click here for the offer from PNC Bank

Fifth Third Bank

Get $200 when you open a Fifth Third Essential Checking account, set up direct deposit and make three online bill payments using Fifth Third’s online bill payment service.

Avoid an $11 monthly fee by doing one of the following:

  • Combined monthly average balance of $1,500 across your deposit and investment accounts.
  • Spend of at least $500 per month on a Fifth Third credit card.
  • Any existing Fifth Third personal mortgage, auto loan or line of credit with an outstanding balance.

Click here for the offer from Fifth Third Bank

SunTrust

Select Checking: Earn $200 when you open a new account online, deposit at least $100 into the new account within 14 days of opening, and make $2,000 or more in qualifying direct deposits within 60 days of account opening.

Avoid a $15 monthly fee by doing one of the following:

  • Make $2,000 or more in total qualifying monthly direct deposits.
  • Maintain a $2,000 minimum daily Select Checking balance.
  • Hold $10,000 total combined relationship balances linked across deposits, investments, mortgages, and loans.
  • Linked Small Business Checking account.

Essential Checking: Earn $100 when you open a new account online, deposit at least $100 into the new account within 14 days of opening, and make $500 or more in qualifying direct deposits within 60 days of account opening.

Avoid a $7 monthly fee by doing one of the following:

  • Minimum of 10 banking transactions per statement cycle.
  • $500 or more in total qualifying monthly direct deposits per statement cycle.
  • $500 minimum daily balance.
  • Open as a student and receive a 5-year Student waiver.

Click here for the offer from SunTrust

Capital One

Earn $200 when you open a 360 Checking account and receive two direct deposits of $200 or more within 60 days of account opening.

This account has no monthly fees and no minimums.

Click here for the offer from Capital One

Choosing a new bank

When switching banks, there’s a lot more to consider than a one-time bonus offer. In fact, Consumer Reports found that many people are happier with smaller banks or credit unions — which get high marks for customer service.

To help you navigate the transition, read our step-by-step guide to opening a new bank account.

Read more: Banks collect $14 billion from this one fee (but you can avoid paying it)

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Michael Timmermann paid off his mortgage in two years. Now, he shares his money-saving tips on his blog, MichaelSaves.com.
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