Banking Checking Accounts

$500 Checking Offers [April 2025]: Banking With a Bonus

There aren't many checking accounts that come with a bonus of $500 or more, but there are a few.

A happy woman after earning a banking bonus
Updated April 21, 2025
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Banks often pay signup bonuses, but finding the best ones is important, because why give up free money? It's not unheard of to find $500 checking account bonus offers, but of course, each one has specific requirements, some of which are unobtainable for many people.

I've rounded up the top $500 checking account bonus offers and detailed their qualifying requirements to save you time and hassle. Some key factors to consider when choosing a signup bonus include the type of account you must open, how much money you must deposit, and any other ongoing requirements, such as a minimum monthly balance or monthly direct deposit amount.

How we evaluate products

3 bank account bonus offers of $500 or more

Compare bank bonus offers of $500 or more

Bank name Bonus amount Required account(s)
Chase Bank $1,000-$,3000 Chase Private Client Checking℠
Associated Bank $300-$600 Any Associated checking account
Huntington Bank $400 to $600 Perks Checking or Platinum Perks Checking

1. Chase Bank: Up to $1,000-$3,000

Bank account(s) Bonus amount Required activity
  • Chase Private Client Checking
$1,000-$3,000
  • Open or upgrade to a Private Client checking account before July 16, 2025
  • Deposit or transfer $150,000 or more within 45 days to eligible checking, savings, or a J.P. Morgan Wealth Management account (Private Client)
  • Leave the funds there for at least 90 days

Chase Private Client Checking

With Chase Private Client, the amount you deposit determines your bonus. If you deposit $150,000 to $249,999 earn a $1,000 bonus; deposit $250,000 to $499,999 earn a $2,000 bonus; and deposit $500,000 or more and earn a $3,000 bonus.

The nice thing about the Chase Private Client Checking℠ account is that you can upgrade an existing account. Most bank bonuses are for new money only, but with this bonus, you can transfer funds into various accounts, using your total balance to qualify for the promotion. The accounts include:

  • Personal checking accounts
  • Personal savings accounts
  • J.P. Morgan Wealth Management accounts (non-retirement) serviced by a Private Client Advisor

It's important to note that business accounts, any other J.P. Morgan investment accounts, and trust accounts are not eligible.

Other benefits you'll enjoy as a Chase Private Client include:

  • No ATM fees
  • No incoming wire fees
  • Dedicated 24/7 advisor line
  • Higher Zelle and ATM limits
  • Preferred rates on auto loans
Pros
  • Large physical bank presence
  • Large ATM network
  • Most accounts offer early access to direct deposit
Cons
  • Has high overdraft fees
  • Pays low APYs

Learn more in our Chase Bank review

2. Associated Bank: $300-$600

Bank account(s) Bonus amount Required activity
Any Associated checking account $300-$600
  • Open any new Associated checking account
  • Have at least $500 direct deposited into your account within 90 days
  • Must be open and funded by June 30, 2025

The great thing about this bank is that you can open any of Associated Bank's checking accounts and earn the bonus. The exact bonus you earn depends on how much you deposit.

Deposit Amount Bonus
$1,000 - $4,999.99 $300
$5,000 - $9,999.99 $400
$10,000+ $600

You can choose from various accounts including:

  • Access Checking: No monthly maintenance fee and a $25 minimum opening deposit for this online only account (no branch access)
  • Balanced Checking: Has a $9 monthly maintenance fee that you can get waived with a $1,000 minimum daily balance, deposits of $500 or more per statement cycle, or a total of $2,500 in combined deposit account funds
  • Choice Checking: Has a $25 monthly maintenance fee that you can get waived with $10,000 combined deposits, get free checks, and earn interest on your balance
Pros
  • Many options to earn the checking account bonus
  • Low opening balance requirements
  • Option for a free checking account
Cons
  • Branches only available in Midwest
  • Pays low interest rates

Visit Associated Bank

3. Huntington Bank: Up to $600

Bank account(s) Bonus amount Required activity
Perks Checking or Platinum Perks Checking $400 or $600
  • Open a new Perks Checking or Platinum Perks Checking by July 7, 2025
  • Set up and receive a qualifying direct deposit within 90 days for the Perks Checking bonus
  • Deposit at least $25,000 into your new account within 90 days for the Platinum Perks Checking bonus
  • Keep your account open for at least 90 days
  • Deposits must be made from a non-Huntington bank

You have two options to earn the Huntington bank account bonus of $400 or $600. Here's how the accounts compare:

  • Perks Checking ($400 bonus): Five free non-network ATM transactions monthly, credit score monitoring, and you can earn interest on your balance
  • Platinum Checking ($600 bonus): Unlimited free non-network ATM transactions monthly, credit score and identity theft monitoring, and you can earn interest on your balance

To waive the monthly maintenance fees, you'll need a $1,000 balance ($5,000 combined across Huntington accounts) for Perks Checking and $25,000 in combined balances across Huntington accounts for Platinum Checking.

However, please note that this offer is only available to residents in a handful of states.

  • Colorado
  • Illinois
  • Indiana
  • Kentucky
  • Michigan
  • Minnesota
  • North Carolina
  • Ohio
  • Pennsylvania
  • South Carolina
  • West Virginia
  • Wisconsin

In addition, if you're a current Huntington Bank customer or closed a checking account with them within the past six months, you're not eligible for this bonus.

Pros
  • The Perks Checking Account bonus is easy to achieve
  • Both accounts earn interest
  • You can open an account online or in person
Cons
  • The balance requirements are high to waive the monthly fees
  • Interest rates are low

Visit Huntington Bank

How to choose a checking account bonus offer

Earning a $500 checking offer for opening a new account and depositing your salary or other funds into it may seem easy, but there are a few things to consider first.

  • Monthly fees: Some banks offering account sign-up bonuses may charge monthly account fees. In some cases, these fees can be waived. Make sure to understand these fees and the requirements for waiving them.
  • Balance requirements: Most $500 checking offers require you to receive direct deposits, maintain a balance, or a combination of both. Make sure that moving your direct deposits makes sense for you and that maintaining a certain balance is something you can achieve.
  • Taxes: Bank account bonuses are generally considered taxable income along with the interest you earn on a savings or checking account. You'll typically receive relevant tax documents during tax season. Make sure to include these documents in your tax filing.

Is it worth opening a bank account for the bonus?

While a bonus can be an attractive incentive, we generally recommend opening a bank account based on your actual banking needs. Consider factors such as the services offered, fees, accessibility, and customer service. A bonus might be a nice perk, but it shouldn't be the primary reason for choosing a bank. It's important to find a bank that suits your personal financial habits and goals.

Bottom line

Earning a $500 checking account offer isn't difficult, but it requires you to find a suitable offer and pay attention to its terms and conditions. These promotions change often so be sure to check back frequently and jump on any offers that catch your eye before they expire.

To explore more bank offers, check out this list of the top checking account bonuses. You can also explore more banking options in this list of the best online banks.

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2025 award winner Best Checking and Savings Combo

SoFi Checking and Savings Benefits

  • Earn up to 3.80% APY1and collect up to a $300 cash bonus with direct deposit or $5,000 or more in qualifying deposits2
  • No account, overdraft, or monthly fees3
  • Get your paycheck up to two days early4
  • Access additional FDIC insurance up to $3 million5
Open an account with SoFi here

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