7 Online Banks That Offer $200+ Bonuses for New Accounts

Do you feel like your bank account is failing you? Traditional banks are stingy with interest rates and rewards. They make billions in fees while paying us pennies.

Meanwhile, innovative online banks incentivize new customers with cold, hard cash. We're talking $200, $300 or even $500 just for opening an account, with additional great rates and features.

 

This blog post will explore seven online banks offering $200+ welcome bonuses. Qualifying is easy: simply open a new account and complete a few activities within a timeframe.

If you're looking to get the biggest bang for your buck, it pays to switch to one of these virtual powerhouses.

Let's check them out!

Aren't You Tired of Settling for Measly Interest Rates?

When's the last time you felt truly excited about your bank account? Between negligible interest earnings and sky-high fees, traditional brick-and-mortar establishments rarely give back. Instead, they find subtle ways to nibble away at your hard-earned funds.

It doesn't have to be this way. Why settle for 0.01% APY when you could earn over 20 times more with the right financial provider? And we still need to discuss bonuses!

Your Bank Should Reward You, Not the Other Way Around

What if you received cold, hard cash to make a deposit or set up a direct deposit? With the right online bank, this scenario becomes a reality. Welcome bonuses give you extra incentive to switch while requiring little effort.

Once you meet the bonus qualifications, you'll also earn interest on deposit balances; over time, the combined earnings from bonuses and better rates add up.

Check Out These 7 Online Banks Offering $200+ Bonuses

Tired of needing more from your current bank? Why not get paid for opening a simple checking account?

We've done the digging, and below are 7 trustworthy online banks ready to offer $200 or more just for signing up and meeting a few easy requirements.

Banks offer hefty signup bonuses ranging from $100 to $500, with leading institutions like Chase and HSBC offering lucrative cash payouts. Best of all, you'll continue collecting solid interest earnings long after you pocket the initial incentive.

If you’re ready to get more from your bank account, check out these exceptional welcome bonus offers:

1. Chase ($225)

The widely trusted Chase bank offers an excellent bonus through their Chase CheckingSM account.

You must open your account online and complete qualifying activities, such as direct deposits and debit card transactions, within 90 days.

Then, enjoy your $225 cash bonus within ten days! Chase also pays solid interest on qualifying balances.

2. HSBC ($200)

HSBC now provides a $200 join bonus for opening an advanced checking account.

To qualify, enable $500+ recurring direct deposits within 60 days of opening the account. The cash reward is available soon after meeting the requirements. This account also supplies 0.01% APY interest.

3. Discover ($150)

While Discover is best known for its popular cashback credit card, its online checking account also deserves attention.

A sign-on bonus of $150 applies to deposits of $25,000 or more into a recently opened account within 60 days. Discover Checking also offers robust mobile banking capabilities and no monthly fees.

4. Axos ($100)

Axis Bank offers new customers a $100 bonus on qualifying accounts opened through specific links.

You can secure the bonus by establishing $1,000 or more in recurring direct deposits within the first 90 days. Interest rates vary depending on account balances.

5. Aspiration ($200)

Aspiration does things differently than traditional financial institutions. The online bank offers $200 to new users who open and fund an Aspiration Save or Spend account with $10 or more using a referral link.

Aspiration also allows customers to plant a tree with each purchase using their Aspiration debit card.

6. OneUnited Bank ($100 - $500 depending on market)

OneUnited welcomes eligible new customers with bonus cash up to $500 when opening a Premier, Platinum, or Standard Checking account with qualifying activities.

 

To earn the max $500 bonus, open your account in LA or Miami, then meet deposit and transaction requirements within 60 days.

7. Blue Federal Credit Union ($200)

Last up is Blue Federal Credit Union, which grants new members $200 for opening a checking account and completing a list of transactions within 90 days.

Qualifying activities include ten debit card purchases and one direct deposit or ACH transfer over $500. Blue FCU Checking also pays dividends on balances up to $10,000.

It Pays to Switch Banks!

Now's the perfect time to consider moving your money to one of these online banks, which offer $200, $300, $500 or more just for signing up. Earning hundreds in bonus cash plus better interest rates takes little effort.

Are you tired of waiting for more from your current bank? See if you qualify for any exceptional welcome bonus offers today to finally get paid what you deserve!