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

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.

Compare bank bonus offers of $500 or more

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

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.

Perks of this account

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 and cons of this bonus

Learn more in our Chase Bank review

2. Huntington Bank: $400 to $600

Account options to earn the bonus

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. To waive the $10 monthly maintenance fee, you'll need to receive $1,000 in monthly deposits (or have a $5,000 combined balance across Huntington accounts).
• 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 $25 monthly maintenance fee, you'll need $25,000 in combined balances across Huntington accounts.

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 and cons of this bonus

3. Associated Bank: $300 to $600

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.

Account options to earn the bonus

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 and cons of this bonus

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

• Limited-Time Offer: Earn up to a $300 bonus and up to 4.50% APY on Savings (3.80% APY¹ <p>New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at <a href="https://www.sofi.com/banking/">sofi.com/banking</a>. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.</p><p>SoFi members with Eligible Direct Deposit can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.80% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement.&nbsp;Additional information can be found at <a href="http://www.sofi.com/legal/banking-rate-sheet" >http://www.sofi.com/legal/banking-rate-sheet</a>.</p> with +0.70% APY Boost) for 6 Months on new accounts with eligible direct deposit. Terms Apply.² <p>Earn up to 4.50% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.80% APY as of 8/5/25) for up to 6 months. Open a new SoFi Checking &amp; Savings account and enroll in SoFi Plus by 9/3/25. Rates variable, subject to change. Terms apply at <a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member&nbsp;FDIC.</p>
• No account, overdraft, or monthly fees³ <p>We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at <a href="http://sofi.com/legal/banking-fees/">sofi.com/legal/banking-fees/</a></p>
• Get your paycheck up to two days early⁴ <p>Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.</p>
• Access additional FDIC insurance up to $3 million⁵ <p><b style="font-family: Rubik, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, &quot;Helvetica Neue&quot;, Arial, sans-serif;">SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations.&nbsp;Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at&nbsp;<a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.</b></p>

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