A signing bonus, once only available to professional athletes and corporate executives, is now available to everyone, notes Bloomberg. Truck drivers, trash collectors, warehouse workers, and other in-demand workers are…
A signing bonus, once only available to professional athletes and corporate executives, is now available to everyone, notes Bloomberg . Truck drivers, trash collectors, warehouse workers, and other in-demand workers are being paid thousands of dollars upfront by giants like Amazon during this incredibly challenging labor market. But, did you know that this recruiting tactic has a long, rich history dating back to Ancient Rome? While signing bonuses have changed considerably over the years, it’s still an effective strategy.
In fact, this concept works so well that companies are offering the average person, like me and you, sign-up bonuses to become a customer. In other words, you don’t have to be an elite athlete or corporate bigwig to receive a hefty financial incentive to join an organization. Instead, you can simply sign up for an app or service to snag some of that free cash .
At the same time, with so many businesses enticing you to become sign up for their services, it can be overwhelming. And, in some cases, the incentive really isn’t worth downloading another app or joining a new service. But, the following sign-up bonus can pay handsomely.
With that in mind, here are some of the most generous sign-up bonuses currently available. Bank Sign Up Bonuses
I remember my grandparents telling me that back in the day, banks would give away toasters and other gadgets like radios to attract new customers. I also recall more recently when banks would offer iPods — you know that thing that played music before the iPhone.
Nowadays? Banks are extending solid financial incentives to open up a new checking or saving account with them . How solid? Well, you’re looking at the $200 to $300 ballpark. However, promotions frequently change so this might fluctuate.
As of this writing, here are the best bank account bonuses according to Bankrate . 1. Citi Priority (Up to $1,500)
Customers who open new checking accounts by July 17 can receive a substantial cash bonus of up to $1,500 from Citibank. You must deposit funds within 20 days after opening an account in order to be eligible for the bonus. The bonus will be calculated based on the balance in your account on the 20th day. Depositing between $15,000 and $4999 and maintaining a minimum balance can earn you $300
You can earn $700 by keeping your minimum balance between $50,000-$199,999
Keeping a minimum balance of $200,000 or more, and making a deposit of at least that amount, will earn you $1,500
There are a few other important details about this offer; The offer is not available to customers who closed their Citibank checking accounts within the last 180 days.
Offers may not be available in your area.
You must enroll on Citibank’s website, which contains details about the offer.
If you wish to qualify for a bonus, you must maintain a balance of $15,000 for 60 days after the 20th day of opening your account.
You have until July 17 to take advantage of this offer. A checking account must be opened by July 17 if it was opened before Jan. 5.
2. BMO Harris (Up to $350)
BMO Harris offers $25 to $350 bonuses to new consumers who open either Smart Money Accounts, Smart Advantage Accounts, or Premier Accounts.
Here’s the fine print; To qualify for the $200 bonus, you must make at least $4,000 in direct deposits within 90 days with both the Smart Money and Smart Advantage accounts. The Premier Account comes with a $350 welcome bonus, as long as $7,500 is deposited within 90 days of signing up. Employers, pensioners, and Social Security recipients are eligible to receive direct deposits. Further details are as follows: There is only one bonus per customer. You must open the account between Feb. 1 and June 3. For either bonus, you will need a promo code, which you can find on the BMO Harris website. And, speaking of BMO Harris, you also might want to check them if you’re looking for a new savings account. By depositing $200 each month in a new Savings Builder account for a year, new customers earn up to $5 a month ($60 a year). 3. M&T Bank (Up to $250) If you open a personal checking account with M&T Bank by May 31, you can earn up to $250. What’s the catch? To […]
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