Opening a new bank account can be an exciting experience, especially when promotions and offers sweeten the deal. In March 2023, numerous banks are vying for your business by providing enticing rewards for new account holders. From cash bonuses to high-yield interest rates, these promotions can significantly boost your finances and set you on the path to achieving your financial goals.
With a plethora of options available, we have compiled a list of the 22 best new bank account promotions and offers for March 2023. Whether you’re interested in a checking account, savings account, or both, these offers cater to various financial needs and preferences. Keep in mind that eligibility and requirements may vary, so it’s essential to thoroughly review the terms and conditions of each promotion before opening a new account.
Some of the top bank account promotions for March 2023 include a $350 cash bonus from BMO Harris Premier™ Account with qualifying direct deposits, as well as Citibank, offering up to $5,000 in bonuses depending on the account type. Explore these opportunities and others to find the perfect bank account promotion to suit your financial needs.
Top 10 National Bank Promotions
As you journey through the best bank account promotions for March 2023, this section focuses on the top 10 national bank promotions. These offers provide a mix of cash bonuses and other perks that cater to various banking needs.
1. BMO Harris Premier™ Account: Receive a $350 cash bonus when you make at least $7,500 in qualifying direct deposits within the first 90 days.
2. Chase Private Client: Earn a $2,000 bonus with this exclusive service catered to high-net-worth clients.
3. Citigold® Checking Account: Get up to $2,000 cash bonus with this premium account that provides enhanced banking benefits.
4. Citibank: Earn up to $2,000 bonus with a variety of promotional offers tailored to specific banking needs.
5. Huntington National Bank: Secure up to $600 bonus with their different account promotions designed for various banking preferences.
6. Chase Total Checking®: Open an account and receive a $200 bonus with convenient banking features and access to Chase ATMs and branches.
7. Citi Priority Account: Earn up to $2,000 cash bonus with this account that offers priority service and exclusive benefits.
8. BMO Harris Premier Offer: Secure a $350 bonus with a combination of banking features and services, such as free checks and ATM fee reimbursements.
9. Chase Business Complete Checking Bonus: Get a $300 bonus when opening a business checking account with easy-to-use services and tools.
10. PNC Virtual Wallet: Receive a $50-$400 bonus based on account type and meet requirements such as direct deposit and other qualifying activities.
Before committing to any promotion, carefully review eligibility requirements and account fees in order to choose the best fit for your financial goals and needs.
Best Regional Bank Offers
Regional banks often have competitive promotions tailored to their specific market. Here are some of the best regional bank offers for March 2023:
1. Citigold® Checking Account: Up to $2,000 cash bonus offer.
2. Chase Total Checking®: $200 bonus.
3. BMO Harris Premier™ Account: $350 cash bonus with at least $7,500 in qualifying direct deposits within the first 90 days.
When evaluating regional bank offers, consider factors such as the size of the bonus, the account fees, and the ease of meeting promotion requirements. Furthermore, verify the availability of the offer in your location, as some promotions may be limited to specific regions or states.
Note that opening a new account with a regional bank may require switching banks, which could entail closing existing accounts, transferring funds, and updating any automatic payments or direct deposits. Always ensure that the benefits of the promotional offer are worth the effort of making the switch.
Best Online Bank Promotions
Online banks often provide attractive promotions to entice new customers. These promotions usually come in the form of cash bonuses or preferential rates. In this section, we will discuss a few noteworthy online bank promotions for March 2023.
BMO Harris Premier™ Account offers a $350 cash bonus when you make at least $7,500 in qualifying direct deposits within the first 90 days of opening the account. This promotion is not only lucrative but also offers the convenience of online banking.
Another promotion worth considering is the one offered by Citibank. By opening a new account, you can earn a cash bonus of up to $5,000, depending on the type of account and deposit requirements. This promotion provides customers with the opportunity to earn a generous bonus while enjoying the benefits of online banking.
Lastly, Chase Total Checking® offers a $200 bonus to new customers who open an account and meet specific direct deposit requirements. This bonus serves as an additional incentive to switch to Chase’s online banking services.
In summary, online banking promotions like these provide potential customers with extra incentives to choose their platform. While it is essential to consider the ongoing benefits and services offered by each bank, these promotions can be a deciding factor for many when choosing a new online bank.
Promotions for Savings Accounts
Various banks offer enticing promotions to new customers who open a savings account. These promotions can help you earn extra money by simply opening an account and meeting specific requirements. Here are some of the best savings account promotions for March 2023.
Citibank: By opening a new Citi Savings Account, you can earn between $100 and $5,000 in bonuses, depending on the deposit amount and account type. To take advantage of this offer, you must make a qualifying deposit within 30 days and maintain the balance for at least 60 days. More details on this promotion can be found on Bankrate.com.
HSBC: Another attractive promotion comes from HSBC, which offers a $200 or $450 bonus, depending on the savings account tier. To receive the bonus, you’ll need to deposit new money within 30 days and maintain the account for at least 90 days. You can find more information about this promotion on MoneyCrashers.
Here’s a summary of the mentioned promotions:
|$100 – $5,000
|Varies based on account type
|$200 – $450
|Based on account tier
Please note that the specific terms and conditions of these promotions may vary, so it’s important to read the fine print before committing. Additionally, these offers may change or expire over time, so be sure to check the bank websites for the most up-to-date information.
Cashback and Rewards Programs
Many banks offer cashback and rewards programs as an incentive for new customers. These promotions typically give account holders the opportunity to earn extra cash or rewards points for making purchases with their debit or credit cards.
For instance, the MoneyCrashers list of best new bank account promotions includes various offers that reward customers with cashback or points that can be redeemed for travel, merchandise, or other perks. Banks such as Chase, Bank of America, and Citibank have been known to offer competitive cashback and rewards programs.
Some common features of cashback and rewards programs include:
- Earning a percentage of cashback on qualifying purchases.
- Points or miles earned per dollar spent on specific categories, such as dining, travel, or gas.
- Sign-up bonuses when opening a new account.
- Annual or monthly bonuses for meeting specific spending thresholds.
It’s important to carefully review the terms and conditions of these programs, as some banks may require account holders to enroll in the program or maintain a certain account balance to qualify for the rewards. Additionally, be sure to compare the fees associated with these accounts, as they can sometimes negate the benefits of the rewards program.
Tips for Choosing the Right Promotion
With so many bank promotions available in March 2023, it’s essential to evaluate your options and choose the right one for your needs. Here are a few tips to help you make an informed decision:
1. Assess Your Financial Needs: Consider your banking requirements, such as the type of account you want to open, and the features and services you need. This will help you narrow down the list of promotions to those that align with your financial goals.
2. Compare Promotions: Carefully compare the features, benefits, and requirements of each promotion. Look for factors like required minimum deposit, balance to maintain to avoid fees, and the ease of qualifying for the bonus. You can find a list of the top 22 promotions on this Money Crashers article.
3. Consider the Bank’s Reputation: Research the bank’s reputation before signing up. Read customer reviews and check out their ratings on reputable websites like Bankrate and NerdWallet.
4. Evaluate Accessibility and Convenience: Consider how easy it is to access your bank’s services, such as the availability of both physical branches and mobile apps. Online banks may offer higher-yield savings accounts, while traditional banks may provide more comprehensive services.
5. Watch Out for Hidden Costs: Be aware of hidden fees associated with the promotion, such as monthly maintenance fees if you don’t meet the account’s requirements. Regularly monitor your account to ensure you’re meeting the necessary conditions.
In summary, when selecting a bank promotion, focus on your financial needs, compare promotions, consider the bank’s reputation and accessibility, and watch out for hidden costs. By following these tips, you can choose the promotion that best suits your financial goals.
In summary, there are numerous attractive bank account promotions and offers available for March 2023. From cash bonuses to attractive interest rates, these offers cater to a wide range of customers and financial needs. To make the most of these promotions, potential account holders should carefully assess their financial goals and needs, and choose an offer that aligns with their long-term financial plans.
Some of the notable bank account promotions mentioned in this article include 22 Best New Bank Account Promotions & Offers for March 2023 by Money Crashers, Best Checking Account Bonuses of 2023 by Investopedia, and Best Bank Account Bonuses For March 2023 by Bankrate. Each source offers a comprehensive overview of various promotions available in the market, allowing consumers to make an informed decision.
Before committing to any specific offer, it is crucial for customers to thoroughly read the terms and conditions associated with each promotion, such as minimum deposit requirements, account fees, and promotional periods. By taking the time to understand these factors, consumers can ensure that they select a promotion that best suits their individual financial circumstances and objectives.