Find your next bank bonus.

Banks use bonuses to attract new customers. Usually, you open a qualifying account, complete a defined activity such as direct deposits or a minimum balance within a stated window, and keep the account open until the payout. Read the full terms before applying: qualifying deposits are defined by each institution, account fees can reduce the value of a bonus, and a bonus may be reported as taxable interest. BankRewards organizes the moving parts so you can compare the reward, effort, timeline, and potential fees together.

Opening a deposit account typically does not create the same hard inquiry as opening a credit card, although banks may use ChexSystems or other deposit-account screening services. Credit card applications usually involve a hard inquiry and can affect your score for a short period. Check the issuer’s application disclosures and avoid applying for more credit than you can manage.

A new checking or savings customer can be valuable for years: banks may earn revenue from deposits, card usage, account fees, and future products. A bonus is one way to invest part of that customer-acquisition budget. Competition between banks gives consumers a chance to capture some of that value, provided the account is a fit after fees and requirements.

Start with the Offers directory and filter by account type, state, deposit requirement, or maximum bonus. Each listing includes the main qualification steps and a detail page with related offers. If you prefer a short list, use the calculator or subscribe to bonus alerts so newly added and expiring offers come to you.

Many bank bonuses are reported as taxable income, often on a Form 1099-INT or another information return depending on the institution and promotion. Credit card rewards tied to purchases are generally treated differently from cash paid for opening a deposit account, but individual situations vary. Keep the terms and tax form you receive, and consult a qualified tax professional for advice.