There are lots of offers from top US banks with sign up bonuses ranging from $100 to around $1000. But the requirements at times are very challenging to meet. That is why I have done a research and found 10 US banks offering up to $400 bonuses with less strict requirements. These Banks are;
1. PNC Bank Virtual Wallet Checking Pro
| Account Type | Bonus Offer | Direct Deposit Requirement |
|---|---|---|
| Virtual Wallet with Performance Select | Earn $400 bonus | $5,000 or more |
| Virtual Wallet with Performance Spend | Earn $200 bonus | $2,000 or more |
| Virtual Wallet | Earn $100 bonus | $500 or more |
PNC Bank Presence
As of the time writing this post, the PNC Bank operates in 29 States. These are; Alabama | Arizona | California | Colorado | Delaware | District of Columbia | Florida | Georgia | Illinois | Indiana | Kansas | Kentucky | Maryland | Massachusetts | Michigan | Minnesota | Missouri | New Jersey | New Mexico | New York | North Carolina | Ohio | Pennsylvania | South Carolina | Tennessee | Texas | Virginia | West Virginia | Wisconsin.
2. SoFi Checking and Savings
| Total Qualifying Direct Deposits | Bonus Amount |
|---|---|
| $1,000 to $4,999.99 | $50 |
| $5,000 or more | $300 |
SoFi Bank Presence
SoFi operates online in all states despite having physical locations in only four states;
- Salt Lake City, Utah: This is a full-service brick-and-mortar office located at 2750 E Cottonwood Pkwy, Salt Lake City, UT 84121.
- Sacramento, California: This branch is at 1409 28th St, Sacramento, CA 95816.
- Yuba City, California: Located at 620 N Walton Ave, Yuba City, CA 95993.
- Live Oak, California: The address for this branch is 9960 Live Oak Blvd, Live Oak, CA 95953.
3. Axos Rewards Checking
| Total Qualifying Direct Deposits | Bonus Amount |
|---|---|
| $5000 or more | $300 |
Axos Bank Presence
Axos Bank operates as a fully digital financial institution and does not have physical branch locations. Although they do not have a physical location, they provide their customers access to a network of ATMs nationwide through partnerships. Customers can use any ATM in the United States, and Axos Bank offers reimbursements for any domestic ATM fees. This means that regardless of where the ATM is located in the US, Axos Bank customers can use it and receive fee reimbursements, making banking with Axos highly convenient across the country.
4. Bank of America Advantage Banking
| Total Qualifying Direct Deposits | Bonus Amount |
|---|---|
| $2000 or more | $200 |
Bank of America Presence
Among the banks with sign up bonuses, Bank of America has one of the highest physical locations in the US. They have a widespread presence in the United States, with financial centers in more than 200 markets across 39 states. The bank is expanding its network, including opening new financial centers in nine markets and four new states by 2026, such as Nebraska, Wisconsin, Alabama, and Louisiana.
5. TD Bank Checking and Savings
| Total Qualifying Direct Deposits | Bonus Amount |
|---|---|
| $500 within 60 days of opening the account | $200 paid into the account within 180days |
| $2500 within 60 days of opening the account | $300 paid into the account within 180days |
TD Bank Presence
TD Bank operates primarily across the East Coast of the United States. It has a presence in fifteen states and Washington, D.C. These states include Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, and Virginia. This extensive network allows TD Bank to serve a wide range of customers in these areas.
Understanding Qualifying Direct Deposit
Definition: Qualifying direct deposits typically include regular income deposits, such as salary, pension, government benefits, or other monthly income electronically deposited by an employer or an outside agency.
Exclusions: It’s important to note that certain types of deposits may not count towards the qualifying amount. This often includes but is not limited to, transfers from one account to another, peer-to-peer transfers, and deposits made at physical locations or ATMs. Visit each the particular bank’s offer page using the link I provided below the tables.
Evaluation Period and Bonus Payout: The qualifying direct deposits need to be made within a specific timeframe after opening the account. The exact duration of this evaluation period should be confirmed as per the latest terms and conditions provided by the bank.
Once the conditions are met, the bonus is usually credited to your account within a stipulated period of at most 180days. Some banks pay this bonus within 30 days.
Bottom Line
Before signing up on any of these Banks offering sign up bonuses, it’s essential to always think it through. Many of these banks require you to maintain a steady income and a minimum balance in your account. Failing to meet these criteria could result in a monthly fee to keep your account active. It’s important to weigh whether the benefit of a $300 or $400 bonus justifies the long-term commitment and usage of the account. Make an informed decision that aligns with your financial habits and needs.
