Take Advantage of Checking Account Bonuses

Did you know that banks often offer checking account bonuses to open new accounts with them?

It’s true. And sometimes they are very generous.

Chances are you have several thousand dollars at your primary bank that can be moved around. Perhaps this is your liquid emergency fund or some money you’ve been saving for a future purchase.

Use that money to redeem the best checking account bonuses when banks offer them.

Let me give you a few examples.

Chase Bank recently offered a $300 bonus for opening a new personal checking account and a $300 bonus for opening a new business account. I opened both. After completing a few activities, they deposited those bonuses right into my account.

Citi Bank then had a promotion offering up to a $750 bonus if you opened a new checking account with them (bonus varied depending on how much money you deposited). I signed up for this one as well and moved some money over.

Different banks offer promotions at different times, so just make a habit of regularly Google’ing “checking account bonuses,” and you’ll find plenty of sites telling you all about the best bonuses offered at the time.

This is an easy way to make an extra $1,000 or so each year.

And if you have a large savings account, you can make even more as the bonuses often increase the more money you deposit.

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