Best Bank Bonuses For November 2020

Are you searching for a new place to bank? Then you may already know there are a few variables to think about, such as interest rates, fees, and convenience. But there’s another factor to consider — and it’s much more exciting. And that’s bank bonuses. 

You can find many banks with welcome bonuses for new customers. Some may not promote these offers, but if you look, you will indeed find a few. ThePennyHoarder.com did the homework and found the banks with the best cash bonuses for November. Take a look at these offers and see if there’s one that sticks out to you.

Aspiration

Bonus: 

$100

 

Expiration: 

Offer does not expire

 

Limitations: 

You must spend a minimum of $1,000 with your Aspiration debit card in the first 60 days you open your account.

 

To qualify:

This is perhaps the easiest bank bonus to get. All you need to do is open a new Aspiration account and deposit no less than $10. Simply sign up here and connect your existing bank account. Aspiration is FDIC insured and protected with military-grade encryption.

 

TD Bank

Bonus: 

$150, $300

 

Expiration: 

Offers do not expire

 

Limitations:

TD Banks are available nationwide, so double-check if there is a location in your area before you apply. Also, keep in mind that while there is no minimum deposit requirement, you need to have a minimum daily balance of $2,500 or more to waive the $25 maintenance fee.

 

To qualify for the $150 bonus:

Direct deposit at least $500 into your new TD Bank account in the first 60 days you open it. TD Bank will deposit your bonus into your account after 140 days. 

 

To qualify for the $300 bonus:

Direct deposit at least $2,500 into your new TD Bank account in the first 60 days you open it. TD Bank will deposit your bonus into your account after 140 days.

 

Citibank

Bonus: 

$200, $400, $700

 

Expiration:

January 5, 2021

 

Limitations:

You must be a new Citibank customer or not have closed a Citibank checking account within 180 days. 

 

To qualify for the $200 bonus:

Open a qualifying checking account under the Citibank Basic Banking Package and deposit at least $5,000 within 30 days. You must have a minimum balance of $5,000 for 60 consecutive days to qualify. Citibank will deposit your bonus within 90 days after fulfilling these requirements.

 

To qualify for the $400 bonus: 

Open a qualifying checking account under the Citibank Account Package and deposit at least $15,000 within 30 days. You must have a minimum balance of $15,000 for 60 consecutive days to qualify. Citibank will deposit your bonus within 90 days after fulfilling these requirements. Additionally, you must open a savings account with Citibank.

 

To qualify for the $700 bonus: 

Open a qualifying checking account under the Citibank Account Package and deposit at least $50,000 within 30 days. You must have a minimum balance of $50,000 for 60 consecutive days to qualify. Citibank will deposit your bonus within 90 days after fulfilling these requirements. Like the $400 bonus, you must open a savings account with Citibank.

 

Bank of America

Bonus:

$100

 

Limitations:

You must be a new Bank of America customer or never held a personal checking account before.

 

To qualify:

Complete the online process to open a Bank of America Advantage Banking account, which you can find here. Enroll in direct deposit and complete two separate deposits worth $250 or more (each) in the first 90 days you open the account.

 

HSBC

Bonus:

3% cash worth up to $240 or 3% cash worth up to $600

 

Expiration:

January 7, 2021

 

Limitations:

You must be a new HSBC customer or not have had an account between September 30, 2017, and September 30, 2020. Additionally, you must be a US resident for two or more years and be 18 or older.

 

To qualify for 3% cash ($240):

Open a new HSBC account online, which you can do here. Enroll in direct deposits and complete one every month for six months in a row. HSBC will deposit your 3% cash bonus based on the sum of your deposits up to $40 per month for six months. 

 

To qualify for 3% cash ($600):

Open a new HSBC account online, which you can do here. Enroll in direct deposits and complete one every month for six months in a row. HSBC will deposit your 3% cash bonus based on the sum of your deposits up to $100 per month for six months. 

 

Source
  • The Penny Hoarder Staff. “The 12 Best Bank Promotions of November 2020 (Up to $700 Cash).” The Penny Hoarder, The Penny Hoarder, 2 Nov. 2020, www.thepennyhoarder.com/bank-accounts/best-bank-promotions/.
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